Shalva is available for hire
Hire ShalvaShalva Akhrakhadze, CFA
Verified Expert in Finance
Finance Expert
Location
Tbilisi, Georgia
Toptal Member Since
May 27, 2021
Shalva is a finance executive with more than 12 years of financial management experience in banking, insurance, aviation, distribution, and consulting. For the last five years, Shalva's consulted and implemented many interesting projects for different industries. He also has nine years of academic experience in lecturing on finance topics. Shalva's areas of knowledge and expertise are valuation, financial modeling, financial analysis, reporting, budgeting, managerial accounting, among others.
Career Highlights
Member of the Local Financial Reporting Standard's Setting and Interpretation Committee
Service for Accounting Reporting and Auditing Supervision (Under the Ministry of Finance)
CEO
LTD Financial Laboratory
Advisor
Various Contract Projects
Certification Highlights
CFA
CFA Institute
Case Studies
Expertise
Work Experience
Member of the Local Financial Reporting Standard's Setting and Interpretation Committee
2019 - PRESENT
Service for Accounting Reporting and Auditing Supervision (Under the Ministry of Finance)
- Contributed to the successful creation of the local financial reporting standards for small enterprises.
- Helped to develop the different examples and interpretations of local standards.
- Made several public presentations to increase awareness of local standards.
Focus areas: Financial Reporting, Financial Management, Accounting, Regulatory Reporting, IFRS Financial Reporting, IFRS for SMEs, Business Modeling
Associate Professor
2019 - PRESENT
Georgian Institute of Public Affairs (GIPA)
- Updated a structure of the financial module for the MBA program.
- Participated in several very interesting academic activities and exchange programs.
- Received some amazing feedback from our MBA students.
Focus areas: Business Strategy, Corporate Finance, Economics, Optimization, Financial Analysis, Financial Management, Financial Reporting, Budgeting, Capital Budgeting, Equity, Microsoft Excel, Mergers & Acquisitions (M&A), Alternative Investments, Derivatives, Fixed Income, Portfolio Management, Accounting, Managerial Finance, Fundraising, Financial Modeling, Business Planning, Valuation, Startups, IFRS Financial Reporting, IFRS for SMEs, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, M&A (Buy-side), M&A (Sell-side), Grants, Revenue & Expense Projections, ROI, Startup Funding, Business Modeling, Pitch Decks, Financing, Microfinancing, Pitch Deck Consultant, Seed Fundraising, Deal Structuring, Private Equity, Angel Investing, Early-stage Funding, Investor Relations
CEO
2015 - PRESENT
LTD Financial Laboratory
- Led the development of our brand which is a guaranty of quality for the local existing and potential customers.
- Created the financial models which helped different businesses to raise capital of more than US$100 million.
- Helped variously sized companies to create strategies for increasing the values of their shareholders.
Focus areas: Mergers & Acquisitions (M&A), Corporate Finance, Financial Analysis, Financial Reporting, Alternative Investments, Budgeting, Business Strategy, Economics, Derivatives, Equity, Financial Management, Fixed Income, Managerial Finance, Optimization, Fundraising, Capital Budgeting, Financial Modeling, Business Planning, Startups, Valuation, Accounting, Portfolio Management, Regulatory Reporting, IFRS Financial Reporting, Grant Proposals, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, M&A (Buy-side), M&A (Sell-side), Grants, Revenue & Expense Projections, ROI, Microsoft Excel, Startup Funding, Business Modeling, Pitch Decks, Fashion, Technology, Software as a Service (SaaS), Financing, Microfinancing, Pitch Deck Consultant, Crypto, Cryptocurrency, Seed Fundraising, Deal Structuring, Private Equity, Angel Investing, Early-stage Funding, Investor Relations
Teacher
2012 - PRESENT
Different Universities and Academies
- Worked with the following universities and academies: EY Academy, PwC Academy, ACCA, Caucasus School of Business, and Bank of Georgia University.
- Presented different topics at the following universities and organizations: King's College London (London, UK), EU Business School (Munich, Germany), Kozminski University (Warsaw, Poland), Ministry of Finance of Georgia, and EBRD.
- Held individual coaching sessions with the clients of the biggest bank in Georgia (TBC.ge) through their platform.
Focus areas: Budgeting, Business Strategy, Derivatives, Economics, Equity, Financial Management, Financial Analysis, Financial Reporting, Managerial Finance, Fixed Income, Mergers & Acquisitions (M&A), Corporate Finance, Optimization, Capital Budgeting, Fundraising, Business Planning, Startups, Valuation, Financial Modeling, Alternative Investments, Accounting, Microsoft Word, Microsoft PowerPoint, IFRS Financial Reporting, IFRS for SMEs, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, M&A (Buy-side), M&A (Sell-side), Grants, Revenue & Expense Projections, ROI, Microsoft Excel, Startup Funding, Business Modeling, Pitch Decks, Financing, Microfinancing, Pitch Deck Consultant, Seed Fundraising, Deal Structuring, Private Equity, Angel Investing, Early-stage Funding, Investor Relations
Advisor
2011 - PRESENT
Various Contract Projects
- Managed a team and as a PricewaterhouseCoopers (PwC) subcontractor worked on the conceptual study of "Apparel Production in Georgia, Greenfield Investment Opportunity."
- Led a team and planned and executed the entire process for “Business Plan for Agronavti Mobile Application Spin-Off Company,“ funded by USAID (Zrda Activity in Georgia) and Chemonics International Inc.
- Served as a lead expert for the project called “Strengthening Capacity of Georgian Farmers’ Association,” funded by UNDP.
- Developed a project for the Caucasus School of Business called the “Review of Content and Structure of Financial Subjects and a Strategy of Increasing Their Efficiency” (for both, BBA and MBA courses).
Focus areas: Financial Analysis, Budgeting, Corporate Finance, Business Strategy, Equity, Financial Management, Financial Reporting, Fixed Income, Managerial Finance, Mergers & Acquisitions (M&A), Economics, Fundraising, Financial Modeling, Business Planning, Valuation, Startups, Capital Budgeting, Grant Proposals, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, M&A (Buy-side), M&A (Sell-side), Grants, Revenue & Expense Projections, ROI, Microsoft Excel, Startup Funding, Business Modeling, Pitch Decks, Fashion, Technology, Software as a Service (SaaS), Financing, Microfinancing, Pitch Deck Consultant, Crypto, Cryptocurrency, Seed Fundraising, Deal Structuring, Private Equity, Angel Investing, Early-stage Funding, Investor Relations
Deputy Chairman | Head of the Audit Committee
2020 - 2021
JSC Green Insurance Georgia
- Created the strategy for an internal audit which was successfully implemented.
- Involved in the creation of the prospectus for an IPO in the local stock exchange.
- Increased the efficiency of an internal audit and as a result, the company decreased its operational risks and monthly costs.
Focus areas: Internal Audits, Internal Control, Internal Control Evaluation, Financial Reporting, Regulatory Reporting, Optimization, Business Strategy, IFRS Financial Reporting, Investments, ROI, Business Modeling, Pitch Decks, Pitch Deck Consultant, Deal Structuring, Private Equity, Equity, Investor Relations
Deputy CEO
2013 - 2015
West Invest
- Increased the value of the company approximately by 400% by implementing several innovative ideas.
- Hired and trained new staff for nearly all the vital company positions.
- Created and implemented a long-term strategy for future development.
Focus areas: Business Strategy, Corporate Finance, Budgeting, Economics, Financial Analysis, Financial Management, Equity, Fixed Income, Financial Reporting, Internal Control, Derivatives, Internal Control Evaluation, Managerial Finance, Financial Modeling, Startups, Capital Budgeting, IFRS Financial Reporting, Grant Proposals, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, M&A (Buy-side), Revenue & Expense Projections, ROI, Microsoft Excel, Startup Funding, Business Modeling, Pitch Decks, Fundraising, Financing, Microfinancing, Pitch Deck Consultant, Seed Fundraising, Deal Structuring, Private Equity, Investor Relations
CFO
2012 - 2013
LLC Fly Georgia
- Created a financial model for operational optimization.
- Implemented the procedures for increasing financial efficiency.
- Trained the staff for the skills and knowledge which was new for them.
Focus areas: Business Strategy, Financial Management, Financial Reporting, Financial Analysis, Budgeting, Corporate Finance, Economics, Equity, Optimization, Financial Modeling, Startups, Capital Budgeting, Accounting, IFRS Financial Reporting, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, Revenue & Expense Projections, ROI, Microsoft Excel, Startup Funding, Business Modeling, Pitch Decks, Financing, Pitch Deck Consultant, Deal Structuring, Private Equity, Investor Relations
Senior Financial Manager
2010 - 2012
International Insurance Company IRAO
- Helped the company to start a new line of business with NPV which was almost equal to the equity value at that time.
- Created different reports and forms that helped us to see the big picture and implement the right operations optimizations.
- Added one new business unit, which optimized the cash flow management.
Focus areas: Financial Management, Corporate Finance, Financial Reporting, Regulatory Reporting, Accounting, Financial Analysis, Optimization, Financial Modeling, Business Planning, Capital Budgeting, Budgeting, Equity, Portfolio Management, Statistical Analysis, Managerial Finance, IFRS Financial Reporting, Debt Financing, Forecasting, Business Models, Pro Forma Financial Statements, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Investments, Revenue & Expense Projections, ROI, Microsoft Excel, Business Modeling, Pitch Decks, Fundraising, Financing, Pitch Deck Consultant, Seed Fundraising, Deal Structuring, Private Equity, Investor Relations
Financial Manager | Head of the Proactive Risk Manager Program | Operator
2005 - 2010
JSC Cartu
- Worked as a financial manager and implemented some new forms for analyzing various cost centers individually.
- Managed the implementation of a new risk management program, called Proactive Risk Manager, particularly for the processing department.
- Offered and analyzed new procedures while working as an operator in the plastic cards department.
Focus areas: Financial Reporting, Financial Analysis, Forecasting, Budgeting, Business Models, Financial Planning & Analysis (FP&A), Revenue & Expense Projections, ROI, Microsoft Excel
Education
2009 - 2010
Master of Business Administration (MBA) in Business Administration
Free University of Tbilisi - Tbilisi, Georgia
2004 - 2008
Bachelor's Degree in Applying Mathematics and Computer Science
Tbilisi State University - Tbilisi, Georgia
Certifications
AUGUST 2017 - PRESENT
CFA
CFA Institute
NOVEMBER 2012 - PRESENT
Airline Finance and Accounting Management
IATA | University of Geneva
JULY 2011 - PRESENT
English Language Course (ESOL) | The Highest Level
Rayat London College