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Pragnesh Shah is a seasoned financial professional with extensive experience in auditing, financial analysis, and accounting. He has worked with prominent companies such as Electronic Navigation Ltd, VR Group - Hotels and Resorts, and B.R. & Associates Limited, providing financial reporting, budget forecasting, and internal control services. Shah holds a CPA (Australia) and CA (Chartered Accountant) qualification from the New Zealand Institute of Chartered Accountants.

Experience

  • Electronic Navigation Ltd
    • Auckland, New Zealand
    • Financial Accountant
      • Oct 2022 - Present
      • Auckland, New Zealand

      ENL is the largest marine electronic company in New Zealand with an office in the UK servicing Europe, the USA, the Middle East and Africa.► Responsible for managing monthly financial reporting and quarterly financial performance (in conjunction with J-SOX requirements) to parent company offices in Japan, resolving issues and providing detailed explanations in response to queries.► Managing an assistant accountant and accounts officer, including allocating tasks and monitoring performance; providing a high level of support, coaching and mentoring to individual team members.► Managing cash flow and different currency accounts; monitoring forex rates to support decision-making on transfers.► Assisting with the business and budget forecasting process to deliver accurate financial projections.► Reviewing and approving supplier payments; resolving queries with suppliers.► Maintaining the fixed asset register to ensure accurate asset management.► Preparing and processing monthly and overtime payroll.► Timely review and submission of income tax returns and indirect tax returns (VAT (Europe), FBT, DWT, PAYE and GST).► Liaising with external auditors during the annual financial audit to comply with relevant financial regulations. Collaborating with auditors during the annual audit process and implementing recommended improvements.► Successfully restructured the chart of accounts to improve information retrieval and reporting capabilities.► Acted as the accounts and payroll lead for the transfer of payroll processes from MYOB to Smartly, ensuring a seamless transition.► Consistently received very positive performance management reviews.

  • VR Group - Hotels and Resorts
    • Auckland, New Zealand
    • Group Financial Accountant
      • Dec 2011 - Oct 2022
      • Auckland, New Zealand

      Initially joined the company to oversee the accounts for The Quadrant Hotel and later expanded the role to include centralised accounting for 15 hotels of the VR Group.► Managed the day-to-day financial accounting processes, ensuring accurate reporting of costs and revenues for all construction projects.► Liaised with apartment owners and responded promptly to their queries.► Oversaw cash flow management and forecasting to maintain financial stability.► Assisted with business and budget forecasting to provide accurate financial projections.► Managed the preparation, analysis and delivery of monthly Profit and Loss, Balance sheet and group reporting.► Conducted regular balance sheet reconciliations and processed payments from apartment owners.► Reviewed and approved supplier payments; resolved queries with suppliers and hotel managers.► Developed and implemented effective accounting policies and procedures as responsibilities in the role grew; improved efficiency and reliability of the accounting process across the group.► Reviewed and submitted income tax returns and indirect tax returns (RWT, PAYE and GST).► Provided day-to-day support to hotel managers to ensure compliance with regulations and company standards. Assisted in the timely processing of expenses and receipts.► Successfully transitioned the accounting team to remote working during COVID-19 and managed HR processes to claim wage subsidies for staff.► Demonstrated effective leadership within a team environment, consistently meeting tight deadlines.

  • B.R. & Associates Limited
    • Auckland, Auckland, New Zealand
    • Accountant
      • Sep 2007 - Dec 2011
      • Auckland, Auckland, New Zealand

      ► Provided full accountancy and statutory return services to clients; gave tax planning advice and reviewed their tax compliance processes.► Oversaw PAYE / GST / FBT tax requirements including returns and claims for a diverse client base.► Performed reconciliations of various financial transactions, general ledger and assets to produce accurate financial statements.► Liaised with IRD staff on queries and followed up on claims.► Provided comprehensive financial information at board level, including monthly and year-end financial statements, budget reports and activity-based costing.► Analysed the client’s business performance and recommended improvements to increase profitability.► Assisted in developing and implementing effective systems to streamline administrative processes within the business; transitioned accounting processes to MYOB.

  • FUJIFILM Business Innovation New Zealand
    • Auckland, Auckland, New Zealand
    • FXF Banking Specialist
      • Sep 2006 - Oct 2007
      • Auckland, Auckland, New Zealand

      ► Managed daily banking tasks, including downloading bank statements, identifying deposits and transfers, and preparing cheque banking transactions.► Performed daily and monthly reconciliation of bank accounts to ensure accuracy of financial records.► Arranged special payments to creditors and assisted with cash flow analysis based on outstanding invoices and payments.► Assisted managers with various tasks including FBT calculation statements, insurance payments and stock reconciliation.

  • Cendant Car Rental Group LLC
    • Auckland, Auckland, New Zealand
    • Accounts Payable
      • Aug 2006 - Aug 2006
      • Auckland, Auckland, New Zealand

      Responsibilities:► Examined and sort invoices received from all branches of AVIS Rent A Car Ltd. (New Zealand).► Assisted other team members in clearing the backlog of Australian imprest payments. Major Achievements:► Successfully demonstrated the ability to work to tight deadlines.

  • AVR Enterprises Limited
    • Auckland, Auckland, New Zealand
    • Accounts Assistant
      • Nov 2005 - Jul 2006
      • Auckland, Auckland, New Zealand

      Responsibilities:► Completed bookkeeping for all financial and commercial transactions.► Managed accounts payable and receivable, including credit control.► Liaised with the external Chartered Accountant for finalisation of accounts as well as the Inland Revenue.► Oversaw bank administration and reconciliation.► Prepared monthly reports and submit to management.Major Achievements:► Personally prepared and streamlined accounts from 2003 to 2007. ► In 2008, set up accounts for new company (Amazon NZ Limited) in MYOB.

Education

  • CPA Australia
    CPA (Australia)
  • New Zealand Institute of Chartered Accountants
    CA - Chartered Accountant

Suggested Services

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Industry Focus. “Appliances, Electrical, and Electronics Manufacturing”

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