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Shahane Aleksanyan, MBA, CIMA
Chief Finance Officer With More Than 13 Years Of Finance And Audit Experioence
Armenia
Summary
Result-Oriented and Self-Motivated Chief Financial Officer versed in compliance, budgeting, documentation, reporting and auditing. Demonstrated success in streamlining operations and increasing efficiency. Prepared to leverage over 13 years of experience to support operations in new role.
Overview
19
19
years of professional experience
11
11
years of post-secondary education
4
4
Languages
Work History
Chief Finance Officer
Base Metals CJSC - cooper and molybdenum mine with more than 1200 employees
Yerevan
02.2020 - Current
- Complete in-depth analyses of risks to control company profile, enhance systems and track legal concerns.
- Oversee deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
- Spearhead contract negotiation and financing to complete high-priority projects and realize target outcomes.
- Author, evaluate and review reports to highlight company financials to key stakeholders.
- Conduct detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Develop future financial plans to inform critical decision-making related to spending cuts, rightsizing labor force and timing planned business investments.
- Implement cost reduction initiatives and process improvements to optimize efficiency and productivity (e.g. analyze inventory strategy, reduce expenses and renegotiated contracts with vendors to increase profit margin).
- Develop and oversee yearly budgets, direct budgetary controls and capital structure of company to determine best mix of debt, equity and internal financing.
- Track cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Set and monitor effective financial policies to analyze company financial strengths and weaknesses and propose corrective actions.
Chief Financial Adviser to the President
Vallex Group CJSC - a group of companies specialized in mining and metallurgical services
Yerevan
02.2020 - Current
- Develop financial strategies re investment planning, cash management, and other areas to help the Group to reach its financial objectives
- Review accounts, financial information/statements on a regular basis to understand situational concerns or financial performance necessitate changes
- Periodically analyze financial data to develop new financial strategies or change the existing ones
- Prepare financial document summaries, investment performance reports and income projections for the President and the Board
- Manage and update investment portfolio
Audit Manager
KPMG Armenia LLC
Yerevan
10.2016 - 02.2020
- Managed performance of on-site audit work and review working papers of audit teams (up to six audit projects/audit teams simultaneously)
- Indirectly managed a team of professional resources, actively developed, trained, coached and provided feedback for performance assessments for team members
- Consulted, worked with, and serviced client base to make recommendations on business improvement and process improvement and served as a business advisor to client
- Worked with other managers to help ensure the proper deployment of the audit staff and assisted with the career development of team members
- Effectively led and managed resources to ensure performance measures and metrics are established and met throughout the execution of the planned audit work
- Identified internal opportunities and recommended methods to improve service, work processes and financial performance, e.g. expense management
- Managed, developed, trained and mentored audit staff on assigned projects, and assessed their performance for audit engagement review and year-end performance reviews
Senior Auditor
KPMG Armenia LLC
Yerevan
10.2013 - 10.2016
- Coordinated auditing assignments and ensured the audit team is aware of clients’ business and relevant issues impacting operations and audits.
- Conducted operational and financial audits to assure financial statements are fairly presented in alignment with IFRS and or GAAP.
- Identified and assessed risks of material misstatement of financial reports due to fraud; assessed internal controls and ensured controls are effectively designed.
- Designed and implemented responses to material misstatement, tested appropriateness of journal entries while focusing at end of reporting period, reviewed accounting estimates for bias, and analyze significant unusual transactions.
- Communicated fraud or suspected fraud to managing leadership.
- Reported to the Audit Manager the results of Audit
Audit Assistant
KPMG Armenia LLC
Yerevan
10.2013 - 10.2016
- Worked audit engagements for industries in Mining, banking and Finance, Utility, High-tech, Retail, Telecommunication, Public sector, Non-profit organizations, etc.
- Performed auditing work in accordance with rigorous auditing standards and principles.
- Completed audits in accordance with regulations and procedures.
- Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
- Reviewed general ledger transactions to identify errors or irregular entries.
- Identified various risks and errors to propose corrective action to decision makers.
- Consulted decision-makers to gather information and, resolve audit-related problems.
Lecturer, Accounting and Finance Department
Eurasia International University
Yerevan
10.2010 - 10.2014
- Evaluated and revised lesson plans and course content to achieve student-centered learning.
- Used variety of learning modalities and support materials to facilitate learning process and accentuate presentations.
- Arranged syllabus, developed schedule and determined reading list for varied courses simultaneously, giving students appropriate time to complete assignments and absorb information.
- Participated and led committee meetings to remain aware of developments in subject.
Financial Analyst
Government of the Republic of Armenia (Prime Minister's Staff)
Yerevan
10.2009 - 10.2010
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts for Government Investment Programs
- Evaluated investment potential of companies with thorough assessments of historical data, operational activities and future objectives for Government Investment Programs
- Tracked prices, yields and other trends to correctly interpret impacts on Government Investment Programs.
Education
Certificate - Executive Leadership Program
University of Oxford
Said Business School 04.2022 - Current
Certificate - Managerial Accounting
Chartered Institute of Managerial Accountants
CIMA 09.2010 - 09.2013
MBA - Finance And Management
American University of Armenia
School Of Business And Administration 09.2007 - 09.2009
Master of Science - Finance And Economics
Yerevan State University
09.2007 - 09.2009
Bachelor of Science - Economics
Yerevan State University
09.2003 - 09.2007
Skills
Financial Management
Accomplishments
- Supervised team of more than 40 staff members
- Accomplished more than 100 audit projects
- Have three degrees with highest possible GPA
- Have Advanced Diploma in CIMA
- Have Golden Medal at School
- Over Nine Diplomas from Regional and Country Olympiads in High School
- Best Student 2009 in Yerevan State University
Software
E-Audit
Accounting Systems (eg Armenian Enterprise, Quick book)
Spreadsheets
Publications
1. “Economic Growth and Reforms in Transition Economies” , 2007-2009
2. “Economic Growth and Corruption in Transition Economies” , 2007-2009
3. “Issues Related to The Transparency of Municipality Budgeting” , 2007-2009
4. “Administration Problems of Public Debt in RA" , 2007-2009
Timeline
Certificate - Executive Leadership Program
University of Oxford
04.2022 - Current
Chief Finance Officer
Base Metals CJSC - cooper and molybdenum mine with more than 1200 employees
02.2020 - Current
Chief Financial Adviser to the President
Vallex Group CJSC - a group of companies specialized in mining and metallurgical services
02.2020 - Current
Audit Manager
KPMG Armenia LLC
10.2016 - 02.2020
Senior Auditor
KPMG Armenia LLC
10.2013 - 10.2016
Audit Assistant
KPMG Armenia LLC
10.2013 - 10.2016
Lecturer, Accounting and Finance Department
Eurasia International University
10.2010 - 10.2014
Certificate - Managerial Accounting
Chartered Institute of Managerial Accountants
09.2010 - 09.2013
Financial Analyst
Government of the Republic of Armenia (Prime Minister's Staff)
10.2009 - 10.2010
MBA - Finance And Management
American University of Armenia
09.2007 - 09.2009
Master of Science - Finance And Economics
Yerevan State University
09.2007 - 09.2009
Bachelor of Science - Economics
Yerevan State University
09.2003 - 09.2007
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