Shubham Shah
ACCA Affiliate with over three year experience in Accounts, Finance, Audit, IFRS and IAS
Kathmandu, NP
Work for a professionally managed company in the field of Finance, Accounts and Audit by providingvaluable input to the company. #readytowork
Willing to relocate: Anywhere
Sponsorship required to work in the US
Work Experience
Finance Officer
Civil Bank Limited – Kathmandu
April 2020 to Present
• Preparation of NFRS Financial Statements:Preparing the NFRS based Quarterly and Annual financial statements as per Nepal Financial ReportingStandards NFRSs and Central bank directives and circulars and notices issued from time to time byCentral Bank and Nepal Accounting Standard Board and Institute of Chartered Accountants of Nepal.• Central Bank (Nepal Rastra Bank) Daily, Monthly and Quarterly Statutory Reporting:Preparation of Central Bank daily, monthly and quarterly reports for submission to Nepal Rastra Bankincluding Capital adequacy BASEL reporting, Daily Liquidity reporting, loan and deposits reporting, Baserate reporting, Interest rate spread reporting, Principal indicators reporting, Stress testing reporting,Financial highlights reporting and other reports as per prescribed by Nepal Rastra Bank.• Daily Internal Monitoring Report:Preparation of Daily internal reports such as daily base rate, interest rate spread, Daily Capital adequacymonitoring taking certain assumptions, daily profit or loss and daily statement of financial position forplanning and monitoring purpose and reporting to CEO, DCEO, COO.• Supervisory information system SIS reporting:Preparation of reports for NRB SIS reporting effective till date for “A” Class Banks and Financial Institutionsas per new guidance and requirements issued by Nepal Rastra Bank.
Finance Officer
Shikhar Organization Limited Head Office (FMCG Manufacturing Group) – Kathmandu
February 2019 to March 2020
Duties:• Preparing Individual and Consolidated Financial Statements:
Overall responsibility for preparation of monthly, quarterly and annual Individual branch and Consolidatedfinancial reports-Statement Of Financial Position, Statement Of Profit or Loss, Statement Of Cash flows,Statement of changes in equity to keep track of financial performance and position for each branch andof group as a whole and reporting it to the Chief Manager and Chairman.• Designing and Implementing internal control systems:Designing internal control systems for Purchase, Sales, Expenses, Bank and Cash, Noncurrent Assets,Inventory for each branch and implementing it by making internal control procedure manuals for thesesystems in each Branch for enhanced internal control systems.Monitoring on a weekly basis whether the system for each control process is being implemented asper the procedure manual and taking corrective actions if not implemented and reporting to the chiefmanager.• Monitoring Purchase and Sales reconciliationReviewing the import and local purchase reconciliation performed by junior finance officers of head officewith supplier statements and resolving any issues that arise with authorizing payments to the suppliers.Reviewing the sales ledger reconciliation with the customer statements and ledger performed by juniorfinance officers of head office and resolving any issues that arise.Reviewing the reconciliation of bank statements and resolving any issues.Reviewing the supporting documents and proper invoices for other office and administrative, selling anddistribution and marketing expenses and approving payments.• Statutory Compliance:Supervising the preparation of statutory books of accounts of the company and resolving any problemsas they arise and ensure that the VAT, TDS and other compliance related filing and paid is filed on time.• Payroll Management:Managing payroll management functions involving computation of salary, attendance, leave, staff joiningand leave adjustment and processing payments through Bank for all branches of the company properlydocumenting all the processes and papers for documentary evidence.• Financial Management:Monitoring the fund requirement of the company in advance and taking actions if funds is in shortfall suchas by managing the receivable collection by notifying the Sales Collection team for early cash collectionand keeping aside reserve for these settlements including Fund requirement for LC Settlement, InterestPayment, Loan Installment, Supplier settlement.Monitoring working capital needs of the company by keeping aside some funds in reserve for day to daysmooth working capital functioning of the company.
Monitoring liquidity ratios, Interest coverage ratios, Inventory turnover ratios, Receivable days, Payabledays.
Articled Trainee
SAR Associates, Chartered Accountants – Kathmandu
November 2016 to February 2019
Responsibilities:• IFRS Implementation Commercial and Development Banks:Involve in the first time implementation of IFRS in Nepalese Commercial and Development Banksby converging their Local GAAP Financial Statements to IFRS Converged Individual and ConsolidatedFinancial Statements including IAS 39 Financial instruments Classification and measurements,impairments using incurred loss model, IAS 16, IAS 38, IAS 19, IAS 37, IAS 8, IFRS 1, IFRS 7, IFRS 3,IFRS 10.The Major Banks exposure are Kumari Bank, Civil Bank, Prime Commercial Bank, NCC Bank, Nabil Bank,Sunrise Bank, Janata Bank, Muktinath Development Bank.• IFRS Implementation Insurance Companies:Preparation and implementation of First time IFRS Based Financial Statements in Insurance companiesunder the guidance and directive from Insurance regulator of Nepal. The major work done are premiumincome recognized on an accruals basis as per NAS 1, Insurance liabilities recognized as per Actuarialvaluations as per IFRS 4, Staff loans and advances on a fair valuation basis on a effective interest basis asper NAS 19, Investments on a fair valuation or Amortized cost basis as per IFRS 9, IFRS Disclosure Notesand other classifications as per IFRS Requirements taking the remeasurement component to Retainedearnings or Reserves where applicable.The major insurance exposure gained are Reliance Life Insurance, Guras Life Insurance, Sanima LifeInsurance, Sanima General Insurance, Sagarmatha Insurance, Neco Insurance, IME General Insurance,United Insurance.• IFRS Implementation HydroPower and Other Companies:Preparation of IFRS Financial statements by converging GAAP Financial Statements to IFRS StandardFinancial Statements. The major IFRS Work done in hydropower companies in addition to general IFRSWork are the application of IFRIC 12 capitalizing all the eligible cost incurred during construction phaseof hydropower as Intangible assets with effect to Retained earnings or reserves as re measurementcomponent and IFRS Disclosures notes as per relevant IFRS Standards.The major Hydropower exposure is Sanima Mai Hydro Limited and Other company exposure is NepalElectronic Payment System (NEPS).• Spot Check and In depth Investigation-UNDP Nepal
Checking the project specific financials of the local NGOs where UNDP have provided fund to fund theproject verifying all the expenses to assert whether funds are being used for benevolent purpose as perthe purpose set by UNDP Nepal.Enquire of the locals resident to whom local NGOs provide support activities to verify whether local NGOshave in actual provided the support as defined by UNDP Nepal.Report on the findings to the UNDP Nepal.
ACCA Affiliate in Financial Reporting, Audit and Assurance, FinancialManagement
Association of Chartered Certified Accountants ACCA UK – Kathmandu
December 2014 to June 2019
Certificate of Higher Education in Management, Accounts, Business studies,Business math
Higher Secondary Education Board HSEB Nepal – Biratnagar
June 2012 to June 2014
GCSE or equivalent in English, Accounts, Compulsory math, Optional math,Social studies, Health and population, Nepali
SLC Board of Nepal – Biratnagar
May 2000 to March 2012

Financial Planning and Analysis and Control

Accounts and Finance Management

Internal Audit Implementation and Control

Nepal Financial Reporting Standards/International Financial Reporting Standards

International Standards on Auditing

Payroll Management

Microsoft Office package: Microsoft Word, Excel, Powerpoint

Accounting Software: Tally

Internet Applications


Account Management

Data Entry

MS Office

Internal Audits

Financial Report Writing

Journal Entries

Bank Reconciliation

General Ledger Accounting

Account Reconciliation

Financial Statement Preparation


Financial Analysis

English – Fluent

Hindi – Intermediate

Nepali – Fluent
Principles of accounting — Expert
July 2020
Preparing financial records according to federal policies
Full results: Expert
Accounting skills: Bookkeeping — Highly Proficient
July 2020
Calculating and determining the accuracy of financial data
Full results: Highly Proficient
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  • Updated 2 years ago

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