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

Finance Expert in Tbilisi, Georgia

Member since March 11, 2020
Kate is a finance expert with 10+ years of experience in FP&A, financial modeling, budgeting, financial reporting, and financial management. Before establishing a private financial consulting firm, she was a corporate risk officer at the largest bank in Georgia and a senior analyst at an FTSE 250 investment holding company with a $400+ million turnover. She started her career as an auditor at Deloitte. Kate is passionate about supporting her clients' growth and is ready to serve their needs.
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Career Highlights

Education

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Employment

  • Fractional CFO

    2023 - PRESENT
    Geisel Software
    • Managed the day-to-day operation of the finance team and helped drive business success by providing financial insights that led to better commercial decisions in a high-growth startup.
    • Ensured the existing business ran smoothly and oversaw day-to-day operations by implementing sound financial and operational processes. The list of refined methods in two months' time included monthly billing, reporting, and forecasting.
    • Created and maintained best-practice financial reporting to give the executive board visibility over the company's current and future financial status, including the P&L statement, cash flow management, and balance sheet.
    • Created a revenue forecast using three approaches: target, top-down and bottom-up. These allowed various team members to better see their positions and strategies, including the CEO, VP of sales, HR, and project manager.
    Focus areas: Fractional CFO, CFO, Revenue & Expense Projections, Forecasting, Budgeting, Financial Planning & Analysis (FP&A), Financial Modeling, Cash Flow, Cash Flow Management, Controller, Financial Reporting Dashboards, Three-statement Modeling, Interim CFO, Reporting, Microsoft Excel, Data Analysis

  • Fractional CFO

    2019 - PRESENT
    Leo Institute
    • Joined the company at incorporation; set up accounting, reporting, and analysis systems; supported the discussion of ideas for business growth; provided meaningful finance-related inputs helping strategic decisions and ensuring a two-digit growth rate.
    • Helped the management to identify and track operating KPIs for the business. The CEO had a clear net profit target, and by creating a three-statement financial model, the main operational goals were clear.
    • Conducted sensitivity and scenario analysis to take the company through the pandemics and ensure its further growth. Analysis revealed key factors that needed monitoring as they affected the cash flow and profitability the most.
    Focus areas: CFO, Fractional CFO, Financial Planning & Analysis (FP&A), Revenue & Expense Projections, Forecasting, Cash Flow, Financial Modeling, Three-statement Modeling, Budgeting, Accounting, Controller, Cash Flow Management, Startups, Reporting, Microsoft Excel, Financial Controls & Processes, Profit & Loss (P&L)

  • Founder

    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, Accounting, Reporting, Business Planning, Pitch Decks, Fundraising, Financial Planning & Analysis (FP&A), Financial Modeling, Finance, IFRS Financial Reporting, Cash Flow, Cash Flow Management, Portfolio Management, Monte Carlo Simulations, Financial Reporting Dashboards, Revenue & Expense Projections, Three-statement Modeling, Project Management, Startups, Business Models, Consumer Loans, CFO, Interim CFO, Fractional CFO, Dashboards, Data Analysis, Finance Director, Data Analytics, Early-stage Funding, Controller, Interim Financial Controller, Process Mapping, Cash Management, Finance Reports, Business Processes, Cost Accounting, Manufacturing

  • 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

  • Fractional CFO

    2014 - PRESENT
    GT Georgia
    • Joined the company at an early startup stage as Fractional CFO and supported its growth to an ongoing revenue exceeding $2 million. Set up and maintained initial accounting, reporting, and control systems.
    • Provided ongoing monitoring of all finance-related processes, including review of methods and control systems, analysis of financial statements and operating data, cash flow management, and ad-hoc support as needed by the management.
    • Established budgets and analyzed actual results against budgeted figures to monitor deviations and control the operations, ensuring the company effectively manages its cash. Raised $250,000 to finance business expansion.
    • Prepared internal financial reports for decision-making purposes, including weekly, monthly, and annual financial statements. Also prepared external financial reports for audit purposes per IFRS.
    Focus areas: Budgeting, Forecasting, Financial Modeling, Revenue & Expense Projections, Three-statement Modeling, Cash Flow, Controller, Cash Flow Management, CFO, Fractional CFO, Interim CFO, Startups, Financial Planning & Analysis (FP&A), Reporting, Business to Business (B2B), Cash Flow Modeling

  • Invited Lecturer

    2018 - 2023
    International Black Sea University
    • Delivered core courses in finance to undergraduate and postgraduate students for five years. Courses include financial reporting, consolidated financial reporting, managerial finance, and investment analysis.
    • Mentored a team of seven students that won second place at a national business case competition. The case was about business evaluation and supported the preparation of the financial forecast.
    • 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 in 2019.
    Focus areas: Reporting, IFRS Financial Reporting, Managerial Finance, Corporate Finance, Investment Analysis, Cost Accounting, Finance Reports, Financial Statements, Profit & Loss (P&L), UK GAAP

  • Post-merger Process Analyst

    2021 - 2021
    Freelance Client (via Toptal)
    • Prepared a detailed description of the company's operations within a month. The main challenge was that the operations weren't properly managed because most of the process owners left the company during the merger.
    • Identified major issues in the process flow and related accounting practices. I prepared presentations for the top management and found alternative ways to resolve the issue by implementing alternative software and processes.
    • Supported the integration of additional software by managing the project, including people from the supply chain, accounting, and IT departments.
    Focus areas: Process Mapping, Business Planning, Post-merger Integration, Manufacturing, Financial Controls & Processes, Business Processes, Supply Chain, Administrative Procedures, Management, Systems & Procedures

  • 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, Financial Planning & Analysis (FP&A), Fundraising, Finance, Budgeting, Credit Risk, Forecasting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Accounting, Business Planning, Cash Flow, Consumer Loans, Controller, Data Analysis, Data Analytics, Finance Reports, Manufacturing

  • 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: Reporting, Budgeting, Forecasting, Group Reporting, Financial Planning & Analysis (FP&A), Financial Modeling, Finance, Accounting, Business Planning, IFRS Financial Reporting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Cash Flow, Consolidated Reporting, Group Reporting IFRS, Dashboards, Data Analysis, Data Analytics, Finance Reports, Cost Accounting, Manufacturing

  • 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 over $200 million in turnover.
    • Participated in testing, preparing financial statements, and audit reports per IFRS for 10+ 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 organization.
    Focus areas: Accounting, Reporting, Finance, IFRS Financial Reporting, Revenue & Expense Projections, Three-statement Modeling, Process Mapping, Finance Reports, Business Models, Business Processes, Financial Controls & Processes, Manufacturing, Cost Accounting, Financial Planning & Analysis (FP&A), Financial Statements, Microsoft Excel, Administrative Procedures, P&L Management, Profit & Loss (P&L), Systems & Procedures, UK GAAP, Analysis

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

  • Commercial Banking & Credit Analyst (CBCA)
    DECEMBER 2022 - PRESENT
    Corporate Finance Institute (CFI)
  • Financial Modeling & Valuation Analyst (FMVA)
    NOVEMBER 2022 - PRESENT
    Corporate Finance Institute (CFI)
  • CFA Program Participant, Completed Level II
    AUGUST 2020 - PRESENT
    CFA Institute
  • ACCA Qualification
    AUGUST 2015 - PRESENT
    Association of Chartered Certified Accountants

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