Ekaterine (Kate) Papiashvili, ACCA, Finance Expert in Tbilisi, Georgia
Ekaterine (Kate) Papiashvili, ACCA

Finance Expert in Tbilisi, Georgia

Member since February 3, 2020
Kate is a finance expert with 10+ years of experience, specializing in financial modeling, FP&A, and financial reporting. Before establishing her financial consulting firm to serve startups and SMEs, she was a corporate risk officer at BOG, the largest bank in Georgia; a senior analyst at BGEO, a FTSE 250 investment holding company with a $400+ million turnover; and an auditor at Deloitte. Kate brings a unique combination of finance, project management, and coaching expertise to her clients.
Ekaterine is now available for hire

Career Highlights

Education

Select Certifications

Case studies

Expertise

Employment

  • Managing Partner

    2019 - PRESENT
    Cresco Consulting
    • Created complete packages of financial statement models, flexible budgets, forecasts, and dashboards for internal use and fundraising purposes for more than 20 companies, including early-stage startups and over $20 million turnover entities.
    • Served as an outsourced CFO for more than ten SMEs with $1 to $15 million turnovers. Engagement scope included financial reporting systems, daily financial management and decision-making, and supporting the development of long-term strategic plans.
    • Improved fundraising of $30+ million for more than 10 entities, devising business plans, financial models, and investor presentations. Industries included tech, manufacturing, services, retail, hospitality, healthcare, agriculture, and construction.
    • Prepared complete packages of IFRS-compliant financial statements for tech, manufacturing, distribution, and retail businesses with over $50 million in turnovers.
    • Established a consulting firm to serve SMEs and managed a team of six.
    Focus areas: Budgeting, Forecasting, Financial Management, Valuation, Mergers & Acquisitions (M&A), Accounting, Reporting, Data Reporting, Financial Ratios, Financial Reporting, External Financial Reporting, Analysis, Financial Analysis, Auditing, Business Planning, Business Plan Consulting, Pitch Decks, Pitch Preparation, Fundraising, Ratio Analysis, Financial Forecasting, Financial Planning & Analysis (FP&A), Financial Modeling, Finance, Financials, Business Analysis, Trend Forecasting, Budget Modeling, Annual Budgets, Financial Data Analytics, Financial Consultation, IFRS Financial Reporting, Year-end Accounts, P&L Forecasting, Cash Flow Modeling, Cash Flow, Cash Flow Management, Zero-based Budgeting, Valuation Modeling, Consulting, Sales Forecasting, Sales Expense Forecasting, Manufacturing, Audits, Internal Control, Portfolio Management, Monte Carlo Simulations, Market Research & Analysis, Modeling, Analytics, Financial Reporting Dashboards, Power Query, Risk Analysis, Financial Risk Management, Revenue & Expense Projections, Three-statement Modeling, Project Management, Managerial Finance, P&L Analysis, P&L Management, Profit & Loss (P&L), Consolidation, FS Consolidation, Financial Consolidation, Debt Raises, Planning, Startups, Balance Sheet Calculation, Business Management, Business Models, CAPEX Budgeting & Inventory Management, Cash Flow Forecasting, Competitor Analysis & Profiling, Corporate Finance, Financial Statement Preparation, Group Reporting, IFRS Adjustments, IFRS Consolidation, Investment Analysis, Market Research, Trend Analysis, Consumer Loans, CFO, Interim CFO, Fractional CFO, Internal Financial Reporting, Business Services, Small & Medium-sized Enterprises (SME), Dashboards, Data Analysis, Finance Director, Adaptive, Data Analytics, eCommerce, Financing, Business Intelligence (BI), Data Analyst, Early-stage Funding
  • Certified Coach

    2018 - PRESENT
    Leo Institute
    • Coached 10+ individuals on personal development topics, including communication, planning, goal setting, conducting difficult conversations, and resolving conflicts.
    • Translated 10+ Leo seminars with an average of 25-35 attendees. The 5-day seminars focus on personal development to help participants create the lives they truly want.
    • Facilitated InsideMyself seminars on goal setting, planning, and time management.
    Focus areas: Coaching, Business Coaching, Executive Coaching
  • Invited Lecturer

    2018 - PRESENT
    International Black Sea University
    • Delivered core courses in finance, including financial reporting, managerial finance, and investment analysis.
    • Mentored a team of students that won second place at a national business case competition.
    • Partnered with European Bank for Reconstruction and Development (EBRD) to deliver courses on IFRS for 50+ practitioner accountants from SMEs in various cities in Georgia.
    Focus areas: Reporting, IFRS Financial Reporting, Managerial Finance, Corporate Finance, Investment Analysis, Financial Analysis, Ratio Analysis
  • Corporate Risk Manager

    2018 - 2019
    JSC Bank of Georgia
    • Built detailed financial models and forecasts, including income statements, balance sheets, cash flows, sensitivity analyses, risk assessments, and valuation models, for over 100 clients' loan applications with a total value of over $500 million.
    • Evaluated over $500 million in loan applications for over 100 corporate clients in real estate, manufacturing, retail, etc. Managed a loan portfolio of over $200 million. Constantly monitored performance and ensured adequate risk levels.
    • Prepared a stress-test analysis on the bank's entire corporate portfolio valued at more than $2 billion to estimate the appropriate level of reserves.
    Focus areas: Financial Modeling, Portfolio Management, Risk Analysis, Trend Analysis, Market Research, Competitor Analysis & Profiling, P&L Analysis, P&L Forecasting, Analytics, Modeling, Financial Forecasting, Financial Planning & Analysis (FP&A), Fundraising, Valuation, Finance, Financial Analysis, Business Analysis, Trend Forecasting, Budget Modeling, Annual Budgets, Financial Data Analytics, Financial Reporting, Cash Flow Forecasting, Budgeting, Zero-based Budgeting, Valuation Modeling, Sales Forecasting, Risk, Credit Risk, Sales Expense Forecasting, Market Research & Analysis, Forecasting, Business Models, CAPEX Budgeting & Inventory Management, Revenue & Expense Projections, Three-statement Modeling, Analysis, Ratio Analysis, Corporate Finance, Investment Analysis, Planning, P&L Management, Financial Statement Preparation, Profit & Loss (P&L), Balance Sheet Calculation, Accounting, Auditing, Audits, Business Planning, Cash Flow, Cash Flow Modeling, Data Reporting, Debt Raises, External Financial Reporting, Financial Consolidation, Financial Consultation, Financial Ratios, Financial Risk Management, Financials, FS Consolidation, Mergers & Acquisitions (M&A), Microsoft Excel, Microsoft PowerPoint, Microsoft Word, Reporting, Risk Management, Statistical Data Analysis, Year-end Accounts, Consumer Loans, Controller, Internal Financial Reporting, Small & Medium-sized Enterprises (SME), Data Analysis, Adaptive, Data Analytics, Financing, Business Intelligence (BI), Data Analyst, Early-stage Funding
  • Senior Analyst

    2015 - 2018
    BGEO Group | Georgia Capital
    • Served as a senior financial analyst in the reporting, budgeting, and analytics department of an FTSE 250 holding, including banking, healthcare, utilities, real estate, insurance, and food and beverage businesses with an over $400 million turnover.
    • Prepared reports for investors and the general public, including financial statements, annual reports, and investor presentations for the FTSE 250 holding.
    • Prepared weekly, monthly, quarterly, and annual managerial reports covering more than 100 entities for the group's management. The reports included FOREX, maturities, liquidity, financial statements, ratios, covenants, analyses, and budgets.
    • Served as the head of a subsidiary's reporting, budgeting, and forecasting in the food and beverage sector with over $15 million in revenue. Implemented an effective reporting system, external reporting functions, and audit procedures.
    Focus areas: Financial Analysis, Reporting, Analysis, Analytics, Annual Budgets, Auditing, Budgeting, Budget Modeling, Forecasting, P&L Forecasting, Competitor Analysis & Profiling, FS Consolidation, Consolidation, IFRS Consolidation, Financial Consolidation, Group Reporting, Financial Forecasting, Financial Planning & Analysis (FP&A), Financial Modeling, Mergers & Acquisitions (M&A), Finance, Financial Ratios, Financials, Business Analysis, Financial Data Analytics, Financial Consultation, Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Accounting, Financial Reporting, Year-end Accounts, Cash Flow Forecasting, Zero-based Budgeting, Sales Forecasting, Business Planning, Sales Expense Forecasting, Manufacturing, Audits, Internal Control, IFRS Financial Reporting, Modeling, Trend Forecasting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Cash Flow Modeling, Cash Flow, Managerial Finance, Data Reporting, External Financial Reporting, P&L Analysis, Ratio Analysis, Corporate Finance, Planning, Financial Statement Preparation, Profit & Loss (P&L), IFRS Adjustments, Consolidated Reporting, Group Reporting IFRS, Trend Analysis, Balance Sheet Calculation, Internal Financial Reporting, Dashboards, Data Analysis, Adaptive, Data Analytics, Business Intelligence (BI), Data Analyst, Early-stage Funding
  • Head of Reporting

    2014 - 2015
    GT Georgia
    • Prepared monthly and annual budgets and forecasts and performed actual vs. budget analyses.
    • Implemented internal accounting, reporting, analysis, and control systems, ensuring efficient data management and control.
    • Prepared reports for decision-making purposes, including weekly, monthly, and annual financial statements.
    Focus areas: Internal Control, Reporting, Budgeting, Financial Planning & Analysis (FP&A), Forecasting, P&L Management, Annual Budgets, Analytics, Financial Forecasting, Financial Modeling, Finance, Financial Ratios, Financials, Financial Analysis, Business Analysis, Budget Modeling, Financial Data Analytics, Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Accounting, Financial Reporting, Year-end Accounts, P&L Forecasting, Cash Flow Forecasting, Zero-based Budgeting, Sales Forecasting, Business Planning, Sales Expense Forecasting, Audits, IFRS Financial Reporting, Modeling, Trend Forecasting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Cash Flow, Cash Flow Modeling, Managerial Finance, Auditing, Data Reporting, External Financial Reporting, Analysis, Ratio Analysis, Corporate Finance, Planning, Financial Statement Preparation, P&L Analysis, Profit & Loss (P&L), Balance Sheets, Trend Analysis, Balance Sheet Calculation, Financial Risk Management, IFRS Adjustments, Controller, Internal Financial Reporting, Data Analysis, Data Analytics
  • Auditor

    2011 - 2013
    Deloitte
    • Prepared business process descriptions and analyses for clients. These included detailed reports of operations, documents, and control mechanisms for manufacturing, services, and retail industries with a turnover of over $200 million.
    • Participated in testing and preparing financial statements and audit reports for more than ten clients in various sectors, including manufacturing, services, and retail, with a turnover of over $200 million.
    • Performed detailed control environment reviews and testing for multiple business cycles to ensure that robust processes were implemented in the entity.
    Focus areas: Audits, Accounting, Auditing, Analytics, Analysis, Business Analysis, Reporting, Financials, Financial Analysis, Financial Statement Preparation, P&L Analysis, Profit & Loss (P&L), FS Consolidation, Balance Sheet Calculation, IFRS Adjustments, Financial Forecasting, Finance, Financial Ratios, Financial Data Analytics, Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Year-end Accounts, Internal Control, IFRS Financial Reporting, Revenue & Expense Projections, Three-statement Modeling, Cash Flow, P&L Forecasting, Trend Analysis, Cash Flow Modeling, Ratio Analysis, Business Services, Small & Medium-sized Enterprises (SME), Adaptive

Education

  • Master's Degree in Business Analytics: Operational Research and Risk Analysis
    2013 - 2014
    The University of Manchester - Manchester, England, UK
  • Bachelor's Degree in Business Administration
    2008 - 2012
    Free University of Tbilisi - Tbilisi, Georgia

Certifications

  • CFA Program Participant, Completed Level II
    AUGUST 2020 - PRESENT
    CFA Institute
  • ACCA
    AUGUST 2015 - PRESENT
    Association of Chartered Certified Accountants

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