Khilna Patel (Hirani)
UK Group Finance Director at Mabanaft- Claim this Profile
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Bio
Experience
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Mabanaft
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Germany
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Utilities
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100 - 200 Employee
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UK Group Finance Director
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Mar 2020 - Present
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Accounting Manager
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Jan 2017 - Feb 2020
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Gazprom Marketing & Trading
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United Kingdom
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Oil and Gas
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200 - 300 Employee
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Finance Systems & Projects Manager
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Feb 2015 - Nov 2016
• Successful development of process management framework to identify process improvement opportunities, small system changes and projects whilst supporting the finance systems strategy• Drive process improvements within Finance. Examples include, implementation of daily bank recs process, introduction of clearing broker reconciliation, collateral management reporting and balance sheet reconciliations for trading debtors & creditors• Analysing and reviewing all SAP ECC & SAP BW enhancements. Undertaking impact assessments and working with business stakeholders to refine requirements that support the business need whilst optimising the SAP budget• Review and enhancement of user documentation and process maps• Managing the prioritisation of SAP ECC & BW small change queues impacting Finance• Primary Finance interface with the SAP team and working with IT to ensure a shared system strategy between Finance and IT
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Trade Accountant (LNG & Shipping)
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Aug 2013 - Jan 2015
• Reconciliation of the results reported by Product Control to financial ledgers (SAP) for LNG, Shipping & Carbon • Implementation of process change to reduce reporting times by 4days• Managing various finance projects including implementation and testing of new systems and process change management• Identifying and implementing key improvements needed in finance, product control and systems• Delivering new chart of accounts roll out in London and Singapore offices• Perform accurate balance sheet reconciliations • Streamlining and standardising the monthly reconciliations across Trade accounting • Calculating Transfer Pricing adjustments in conjunction with tax and improving the processes surrounding these to reduce the risk of mis-reporting
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Commerzbank AG
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Germany
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Banking
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700 & Above Employee
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SPV & Infrastructure Control Associate
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Aug 2011 - Jul 2013
• Responsible for supporting Business & System change projects within financial control by coordination and performance of testing from a Finance perspective• Successfully changed the FSA Liquidity process to ensure accuracy and transparency of the return• Preparation, sign off & submission of Commerzbank AG Liquidity return for the FSA reporting on a quarterly basis• Monthly IFRS reporting for Special Purpose Vehicle entities for Group reporting purposes, including variance analysis• Submission & validation of monthly Liquidity and Balance Sheet returns to Frankfurt Head Office• Variance analysis and investigation of large movements • Initiating and implementing improvements to the monthly processes to reduce timelines • Preparation of the FSA 047 & 048 Liquidity Return on a Quarterly basis for the whole Group and prepare a Management Pack, with variance analysis and review of the return
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Shell
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United Kingdom
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Oil and Gas
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700 & Above Employee
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Lead Finacial Accountant
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Jul 2010 - Jul 2011
• Supervision of the Financial Accountant and providing day to day support• Supporting the migration project to migrate activities to offshore offices, responsibilities included preparing and reviewing process documentation, training staff in Chennai and resolving issues pre & post migration• Providing accounting treatment advice on storage agreements and vessel charters and creating a new submission sheet to enable rapid turnaround back to the business • Ad-hoc projects and process improvements to finance processes• Liaising with Management Information on a monthly basis on allocation of costs to business units within Trading
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Financial Accountant
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Nov 2008 - Jul 2010
• Group Reporting for five companies including variance analysis and Statutory Reporting for 2 entities under UK GAAP • Post pre-payments and accruals, maintaining fixed assets and posting WIP on IT current projects within tight monthly deadlines• Monthly payroll controls & reporting to various management • Providing accounting treatment advice on storage agreements and vessel charters
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Assistant Financial Accountant
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Nov 2007 - Nov 2008
• Group Reporting, Statutory Accounts & Balance Sheet reconciliation on a quarterly basis for four companies in an accurate and timely manner• Daily bank reconciliations & monthly confirmation of Treasury balances• Support the transition of new the Group Reporting tool and amend current processes impacted • Preparation of UK VAT Return on a quarterly basis including explanations of quarterly movements
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Senior Accounts Receivable Assistant
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Jul 2007 - Nov 2007
• Preparation of the daily forecasting of cash receipts • Provide timely information on overdue debts to account holders within all business units • Working capital management• Provide regular and ad-hoc Management Information to Business divisions • Maintain effective and appropriate systems and procedures, identifying opportunities for enhancements, and ensuring ongoing SOX compliance.
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Accounts Receivable Assistant
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Oct 2006 - Jul 2007
• Cash matching receipts for different Shell Companies in the Trading business• Forecasting cash and chasing overdue debts• Introduced overdue reports for management information and internal reporting to raise awareness of debts to trading operations and Credit departments• Bad debts and doubtful debt provisions and reporting of these to relevant stakeholders• Agreeing inter-company balances with other shell companies for group reporting purposes
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Finance Operator
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Jan 2006 - Oct 2006
• Supporting the Accounts Payable team by posting different types of costs incurred by ships to SAP and supporting the Hubs around the world with their day to day operations. • Dealing with queries regarding payments and errors in postings in a timely manner• Implementing improved KPI reporting around payment timeliness
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Education
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The Chartered Institute of Management Accountants
Accounting Qualification, ACMA -
De Montfort University
Bachelor's Degree, Accounting and Finance