JAYESH VASANTLAL SHAH
Mobile: 9821522952
E- mail: Jayeshshah_2006@rediffmail.com

JOB OBJECTIVE

In quest of deserving senior level positions in Banking Operations, Internal Auditing, Internal Controls/ Process Review, Statutory Compliance with an organization of repute

PROFESSIONAL PROFILE

A qualified CA/ CAIIB (Inter) with over 2 decades of rich experience in the Banking Functions {Loan Disbursals, Advance Dept.}, Auditing, Taxation and Statutory Compliance. Proficient in providing management assurance services to the coveted clients on Internal Auditing, Fund Souring & Management as well as Internal Control Systems. Possess as wide exposure in finance function which gives an edge to operate in dynamic and ever changing business environment. Distinction of executing audit assignments for a diversified client base ranging from Banks, companies, partnership firms, trusts & societies, financial institution to companies & firms. Demonstrated skills in relationship management and communications coupled with exceptional team management abilities. Excellent relationship management and communication skills coupled with proven relationship management abilities.

ACADEMIC CREDENTIALS
a) CA (CPA equivalent of USA) from the Institute of Chartered Accountants of India in November 1987
b) CAIIB Part-I from Indian Institute of Bankers in December 1987
c)B. Com from N.M. College of Commerce and Economic, Bombay University, Vile Prale, Mumbai in April 1980.

CORE COMPETENCIES

Internal Auditing
- Managing the complete planning and management activities for ensuring completion of Statutory, Concurrent, Internal, Revenue and Tax audit within time and cost budget.

- Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations.

- Conducting verification of various books of accounts to detect any possible fraud and ensuring that accounts prepared conform to accounting standards.

- Conceptualizing, developing and implementing new systems/ procedures in the areas of accounting and auditing.

- Acquaintance with audits (Statutory, Tax, Revenue, Concurrent & other) and Internal Audit for of the bank for analyzing existing systems for proposing improvisation measures.

- Preparing audit schedules (for statutory & tax audits), ensuring completion of the same within the stipulated time frame and compiling Long Form Audit Reports (LFAR).

Statutory Compliance
- Ensuring compliance to norms for P& L and Balance Sheet Management, Consolidated Financial Statements (CFS) as well as adhering to US GAAP, DSB returns and Basel–II norms.

- Coordinating with Government Officials, Company Secretary and other regulatory authorities to ensure compliance with norms.

- Ensuring adherence to rules and regulations as per company’s act, inclusive of filing various returns as contemplated therein, with the ROC and drafting notices, as required under the Act.

Financial Management
- Preparing annual budgets as well conducting variance analysis to find out causes of deviation and undertaking corrective measures.

- Liaising with bank and financial institution for project financing and working capital requirements.

- Analyzing financial statements & preparing reports on performance of company, scrutinize the processes/procedural break downs in systems chain of operational divisions in the organization.

- Handling the financial advisory service for corporates & individuals as well as arbitration work of various groups

Banking Operations
- Overseeing banking/branch operations spanning from inward/outward clearing to handling deposits, mapping and reconciling cheques and cash as well as fund management.

- Processing of terms & conditions of Banker to the issues as well as dealing with retail banking products inclusive of Cash management & other related jobs.

Credit Management
- Evaluating loan proposals and sanctioning loans after appraising the solvency status for Term loan, Cash Credit limits and Loans etc.

- Preparing and checking loan applications as well as recommending the loan amount after inspecting the various documents submitted for scrutiny.

- Handling of inland bill discounted business including inward / outward bills as well as monitoring recovery in loan accounts, especially in case of bad and doubtful cash credit accounts.

Client Servicing
- Managing customer centric banking operations & ensuring customer satisfaction by achieving delivery & service quality norms.

- Attending to clients (individuals/corporate clients) concerns and complaints and undertaking steps for effectively resolving them.

- Introducing & positioning new credit tools & banking products in the existing market, and improving the credit portfolio as well as loan portfolio to escalate deposit volumes.

ORGANISATIONAL EXPERIENCE

From Jan 2008 working with Tolia & Associates, Chartered Accountants as Audit in-charge for the statutory audit work of the following companies

a) Nitin Fire Protection Industries Ltd
b)Eurotech Industries Pvt Ltd
c)Logicon Cylenders Pvt Ltd
d) Alert Fire Services Pvt Ltd
e)Intime Fire Appliance Pvt Ltd
f)Intime Commercial Co Pvt Ltd

From Dec 2006 to Dec 2007 working with Infinity FILM COMPLETION SERVICES as CHIEF FINANCIAL OFFICER

Notable Contributions;
Conducted the
a)Maintaining accounts in Tally
b)Liaison with Banks for loan for Financing of feature Film.
c) Liaison with Auditor for Finalisation of accounts
d) Planning the budget for the Film
e)Controlling and monitoring the finance to Film.
f)Finalisation of Agreements with Actors, Director and technician of the Film
g)Liaison with Legal advisor for issues related to the Film

Jul’06 TO Nov 06 with leading Chartered Accountant Firm as Audit Manager

Notable Contributions;
Conducted the
a)Statutory Audit of State Bank of India
b)Internal Audit of Companies
c)Concurrent Audit of Banks i.e. Bank of Baroda
d)Investigation and Special Audit.

Apr’05 to May’06 with T.R.Chadha & Company, Chartered Accountants as Audit Manager

Notable Contributions;
Conducted the
a)Statutory Audit of Bank of Baroda
b)Internal Audit of Companies
c)Concurrent Audit of Banks
d)Investigation and Special Audit.

Oct’96 to Mar’05 was working with one of the biggest Japanese Bank (Sumitomo Mitsui Banking Corporation) at Mumbai Branch in Corporate Banking and Credit Department as Relationship Manager.

Notable Contributions;
1. Sanction and Disbursement of External Commercial borrowing (ECB) to the major Corporate Borrowers like ACC Ltd., Grasim Ltd., Reliance Ind Ltd., Essar Steel Ltd., Steel Authority of India Ltd.., Ahmednagar Forgings Ltd., Bharat Forge Ltd., Hindalco Ltd., Indian Alumnium Ltd.
2. Sanction of Working Capital Loans to major Corporate like Kotak Mahndra Bank (Lead Bank), Essar Steel Ltd (Consortium Member), Adani Export Ltd (Consortium Member), Welspun Gujarat Ltd (Lead Bank), Emco Ltd (Consortium Member).
3.Successfully Negotiated Settlement with Groups including Armour Polymers Group, Mafatlal Group, Esaar Group, Vikram Kirloskar Group, Arvind Group, Jain Irrigation Systems Ltd., SM Group.

Special Assignment:
Selected for special assignment: Training at Head office-Japan for Merger of Bank (Sakura Bank with Sumitom Bank) in 2000

Notable Contributions;
a)Sanction and disbursement of Foreign Currency loan
b)Due diligence and Finalisation of Documents for FOREIGN currency Loan
c)Streamlined procedures for inspection of unit and stock/security verification
d)Lead Bankers for the Big Corporate House like Kotak and Welspun.
e)Recovery through negotiated Settlement with NPA/Weak borrowers.
f)Initiated and streamlined procedures for Legal action with DRT
g)Promotion was granted for the better management of advances portfolio

Jun’94 to Sept’96 with Chandabhoy and Jassobhoy (a Chartered Accountant Firm) as Audit Manager

Notable Contributions;
A)Conducted Statutory Audit for some of the Limited companies/Government companies like:
1.Hindustan Organic Chemicals Ltd. w Kesar Enterprise Ltd.
2. Indian Ply wood Manufacturing Co. Ltd. w Kesar Granites Ltd.
3.Nuclear Power Corporation of India Ltd. w Hindustan Fashions Ltd.
4.Nasik Beverages Pvt. Ltd. w Unit Trust of India
5.Mahanagar Telephone Nigam Ltd.

6.Conducted Internal Audit for some of the Limited companies/Government companies like:
w Kesar Granites Ltd. w Canbank Mutual Funds

B)Conducted Bank Branch Concurrent Audits for some of the Limited companies/Government companies like:
1.Indian Overseas Bank, Mahim Branch
2. Bank of Maharashtra, Main Branch
3.Union Bank of India, Main Branch at Nariman Point
4.Dena Bank, Foreign Exchange Branch at Hornimon Circle at Fort
5.Conducted Bank Branch statutory Audit for State Bank of India, Allahabad Main Branch and Nainee Branch
6.Preparing Branch Long Form Audit Report as required by Reserve Bank of India.
7.Identified non-performing assets and ensuring compliance with the prudential norms laid down by the Reserve Bank of India ensuring that the Cash Reserve Ratio, Statutory Liquidity Ratio and Capital adequacy Ratio are within the limits laid down by the Reserve Bank of India.
8. Conducted Tax Audits for some of the companies in view the rules and provisions of the Income Tax Act, 1961.
9. Kesar Enterprises Ltd w Indian Plywood Manufacturing Co. Ltd
10.Kesar Granites Ltd. w Hindustan Fashions Ltd.

1992 to 1993 worked with Dowell’s Group as Finance Manager.
Manufactures of lugs and crimping tool.

Liaised with the Banker of the group, the State Bank of India, Malad and Overseas Branch at World Trade Centre, for new credit facilities as well as renewal of the credit facilities for group companies

Notable Contributions;
1. Sanction of Export credit facilities from State Bank of India, Overseas Branch
2.Process streamlined for submission of the stock statements, Quarterly Information, CMS Data
3.Obtained credit facilities for the Group Companies.

1985 to 1991 with The Vysya Bank Ltd, Nariman Point Branch and Regional Office, Mumbai as Officer.

Worked in Saving, Deposit, Clearing, Loans and advances, Credit Cards department, Bills Discounting, Accounts, Audit and inspection, Recovery department of the Bank.

Notable Contributions;
1. Internal Audit report Compliance
2.Streamlined process for the submission and the various reports to the head office.
3.Initiative taken for the formation of Investor Club at the Nariman Point Branch. The procedures for the sale and purchase of shares of the members of investors club formulated.

IT SKILLS
Well versed with Office Automation & Internet Applications.

PERSONAL DETAILS
Address : Sambhavnath Apartment, Flat No.301, Road No.7, Daulat Nagar, Borivali (East), Mumbai-400 066
Telephone : (022) 28930821
Date of Birth : June 13, 1960