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

Ekaterine (Kate) Papiashvili, ACCA, FMVA

Finance Expert

Location
Tbilisi, Georgia
Toptal 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

Fractional CFO
Geisel Software
Founder
Cresco Consulting
Senior Analyst
BGEO Group | Georgia Capital

Education

Master's Degree
The University of Manchester
Bachelor's Degree
Free University of Tbilisi

Select Certifications

Financial Modeling & Valuation Analyst (FMVA)
Corporate Finance Institute (CFI)
CFA Program Participant, Completed Level II
CFA Institute
ACCA Qualification
Association of Chartered Certified Accountants

Case Studies

Image of Financial Modeling via Monte Carlo Simulation project
Financial Modeling via Monte Carlo Simulation
Monte Carlo SimulationsBusiness PlanningForecastingBudgetingFinancial Planning & Analysis (FP&A)Three-statement Modeling+ 7 more
Image of Business Valuation Model project
Business Valuation Model
ForecastingFinancial ModelingFinancial Planning & Analysis (FP&A)Cash FlowRevenue & Expense ProjectionsThree-statement Modeling+ 6 more
Image of Interactive Analytical Dashboard project
Interactive Analytical Dashboard
Financial Reporting DashboardsFinancial ModelingFinancial Planning & Analysis (FP&A)DashboardsData AnalysisData Analytics+ 4 more
Image of Pitch Deck for an eLearning Platform project
Pitch Deck for an eLearning Platform
FundraisingPitch DecksBusiness ModelsCash FlowRevenue & Expense ProjectionsBusiness Planning+ 4 more

Expertise

BudgetingCash FlowCFOFinancial ModelingFinancial Planning & Analysis (FP&A)ForecastingFractional CFORevenue & Expense Projections

Work Experience

2023 - PRESENT

Fractional CFO

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
2019 - PRESENT

Fractional CFO

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)
2019 - PRESENT

Founder

Cresco Consulting
  • Served as a fractional CFO and controller at 10+ startups. Established accounting and reporting systems; introduced relevant financial controls; managed daily operations and supported long-term decision-making processes.
  • Conducted thorough financial analysis by putting together financial statements, forecasts, flexible budgets, and analytical dashboards for more than 50 companies, including early-stage startups and entities with over $20 million in revenue.
  • Facilitated fundraising of $30+ million for 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.
Focus areas: Budgeting, Forecasting, Accounting, Reporting, Financial Planning & Analysis (FP&A), Financial Modeling, Cash Flow, Cash Flow Management, Revenue & Expense Projections, Three-statement Modeling, Startups, CFO, Interim CFO, Fractional CFO, Controller, Cash Flow Consultant, Cash Flow Modeling, Finance Director
2018 - PRESENT

Certified Coach

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
2014 - PRESENT

Fractional CFO

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
2018 - 2023

Invited Lecturer

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
2021 - 2021

Post-merger Process Analyst

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
2018 - 2019

Corporate Risk Manager

JSC Bank of Georgia
  • Built and analyzed detailed financial models and forecasts, including P&L, balance sheet, cash flow, sensitivity analysis, risk assessment, and valuation for over 100 clients' loan applications with a total value of over $500 million.
  • Evaluated over 100 corporate clients' loan applications with a total amount of over $500 million. As a result, creating a loan portfolio of over $200 million with a concentration in real estate, hospitality, manufacturing, retail, and wholesale.
  • Launched NBG, a requirement for commercial banks entailing the conduction of a detailed stress-test analysis for loan clients. I created a financial model from scratch, analyzed a portfolio of $2 billion, and successfully passed the evaluation.
Focus areas: Financial Modeling, Financial Planning & Analysis (FP&A), Budgeting, Forecasting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Accounting, Business Planning, Cash Flow, Consumer Loans, Controller, Data Analysis, Reporting, Microsoft Excel, Cash Flow Analysis, Credit Risk, Finance Reports
2015 - 2018

Senior Analyst

BGEO Group | Georgia Capital
  • Served as a senior financial analyst in the reporting, budgeting, and analytics department of BGEO Group—a holding listed among the largest 250 companies on the London Stock Exchange (FTSE 250).
  • Prepared weekly, monthly, quarterly, and annual managerial reports covering more than 200 entities for the Group's management. The reports included P&L analysis, forecasts, budgets, liquidity, covenants, FOREX, and analytical dashboards.
  • Prepared reports for external investors and the public, including audited financial statements, annual reports, and investor presentations for a holding listed among the largest 250 companies on the London Stock Exchange (FTSE 250).
  • 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.
  • Appointed as an intermediate controller for six months to implement systems and procedures in a subsidiary manufacturing beverages, which was on the verge of failing an audit because a new accounting and reporting system was not set up properly.
Focus areas: Reporting, Budgeting, Forecasting, Financial Planning & Analysis (FP&A), Financial Modeling, Accounting, Business Models, Revenue & Expense Projections, Three-statement Modeling, Dashboards, Data Analysis, Finance Reports, Manufacturing, Microsoft Excel, Systems & Procedures, Financial Controls & Processes
2011 - 2013

Auditor

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

2013 - 2014

Master's Degree in Business Analytics: Operational Research and Risk Analysis

The University of Manchester - Manchester, England, UK

2008 - 2012

Bachelor's Degree in Business Administration

Free University of Tbilisi - Tbilisi, Georgia

Certifications

DECEMBER 2022 - PRESENT

Commercial Banking & Credit Analyst (CBCA)

Corporate Finance Institute (CFI)

NOVEMBER 2022 - PRESENT

Financial Modeling & Valuation Analyst (FMVA)

Corporate Finance Institute (CFI)

AUGUST 2020 - PRESENT

CFA Program Participant, Completed Level II

CFA Institute

AUGUST 2015 - PRESENT

ACCA Qualification

Association of Chartered Certified Accountants