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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

  • 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

  • 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

  • Fractional CFO

    2014 - PRESENT
    GT Georgia
    • 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.
    • Managed the company budget by preparing annual and monthly budgets, conducting an actual vs. budgeted analysis, and managing expenditures.
    Focus areas: Reporting, Budgeting, Financial Planning & Analysis (FP&A), Forecasting, Financial Modeling, Finance, Accounting, Business Planning, IFRS Financial Reporting, Trend Forecasting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Cash Flow, Balance Sheets, Controller, Interim Financial Controller, Process Mapping, Cash Management, Finance Reports, Cash Flow Management, CFO, Finance Director, Financial Controls & Processes, Financial Reporting Dashboards, Fractional CFO, Fundraising, Interim CFO, Pitch Decks, Cost Accounting, Startups

  • 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.
    • Supported the integration of additional software by connecting 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

  • 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 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: Accounting, Reporting, FS Consolidation, Finance, IFRS Financial Reporting, Revenue & Expense Projections, Three-statement Modeling, P&L Forecasting, Process Mapping, Finance Reports, Business Models, Business Processes, Financial Controls & Processes, Manufacturing, Cost Accounting

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
    AUGUST 2015 - PRESENT
    Association of Chartered Certified Accountants

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