Hetal Sheth

• ACCOUNTS, FINANCE & TREASURY
• Analyzed revenue distribution, bank reconciliations and account analysis documents to execute month-end closing.
• Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
• Authored, evaluated and reviewed reports to highlight company financials to key stakeholders.
• Worked closely with audit team to hedge against & mitigate operational risks.
• Supervised, directed and evaluated assigned staff members
• Prepared accurate financial statements at end of year to summarize financial health and performance of business.
• Led organizational cash flow and cash flow forecasting initiatives.
• Managed and led direct reports to handle controllership, treasury and corporate finance functions.
• Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information.
• Followed up with delinquent accounts to obtain funds and reduce aging balances and managed outstanding balance amounts by evaluating reports and determining collection statuses.
• Reviewed contracts financially impacting company and counseled executive leaders on the impact contracts would have on company operations.
• Spearheaded the fund raising activity and managed end-to-end compliance till the money was available for use.
• Attended training sessions to improve skills and learn new policies and procedures. (FCPA training)
• Calculated salesperson commissions based on established parameters and disbursed payments.
• Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
• PAYROLL MANAGMENT
• Applied knowledge of regulations, employment law and tax code to keep operations in compliance with applicable standards.
• Investigated payroll variances and employee claims to resolve discrepancies and balance financial records.
• Calculated deductions and processed payroll for employees.
• Developed and implemented internal control tests to verify employee compliance with established policies and procedures.
• COMPLIANCE
• Regulators - RBI, MCA, Income Tax, GST, TDS, PT, PF, Customs
• RBI - FDI, Form Filing (FC-GPR, FLA), Import - Export Compliance,
• MCA/ Companies Act, 2013 - Annual Filing (XBRL, MGT7), Other form filing (MSME, DPT-3, MGT14, SH7, PAS3, DIR3 KYC, etc.), holding meetings & relevant documentation for meetings (Board & General), Statutory Audit
• Income Tax - Tax Audit, Transfer Pricing Audit, Income tax computation & Return, generation of 15 CA/CB
• TDS - Monthly TDS/ TCS deduction/ collection & payment, Quarterly TDS return filing (24Q, 26Q, 27Q, 27EQ),
• GST - Monthly - GSTR 1, GSTR 3B, GST payment, Annual filing - GSTR 9 & 9C
• Customs - Document submission to SVB
• Payroll - Monthly PF payment and return filing, Annual PT payment and filing
• Other - FBAR reporting - US requirement
• BANKING & EXIM
• Liaised with banks for various financial instruments like Bank Guarantees and Letter of credit
• Booked forex deals and negotiated commissions and margins with the banks on multiple transactions.
• Payment & Settlement of all import/ export transactions.
• Managing compliance related to Merchanting Trade Transactions and High Sea Sales.
• EXPENSE MANAGEMENT
• Approval of expenses as per pre-defined parameters and policies of the company
• Processing expense re-imbursement for employees
• Reviewing policies from time to time.
• KEY ACHIEVEMENTS:
  • Streamlined entire accounting and compliance • Set-up SOPs • Shifted entire accounting and compliance from outsourced consultant to in-house • On-boarded PWC as auditors and completed audit within a month and a half • Independently handled FDI transaction of USD 7.5 millions • Set-up reporting processes for book closure with our US accounts team.

FINANCIAL CONTROL

• Developed future financial plans to inform critical decision-making related to spending cuts, rightsizing labor force and timing planned business investments.
• Set and monitored effective financial policies
• Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
• Evaluated supply term contracts with clients and vendors and initiated back-and-forth communication with them to negotiate the the terms and approve the contract/ agreements accordingly. This helped manage liquidity and increase margins for the business.
• Liaised with Banks for Cash credit/ Overdraft facilities for Working Capital needs of the Business
• Oversaw end-to-end accounting, monthly book closing and scrutinizing any discrepancies or variances
• Maintaining relationship with Key Stakeholders, Key Accounts (Customers & Vendors) and collaborating with them for synergic benefits.
• Prepared and presented Margin matrix for different product lines/ verticals to help Board of Director's with decision making in steering the business.
• Worked closely with Auditors and other professionals for timely compliance
• Managed Payroll, payroll related compliance and approval of salary structures for offer release to candidates.
• COMPLIANCE
• Regulators - RBI, MCA, GST, TDS, INCOME TAX, PT, PF, ESIC

• Led a team of 5 qualified company secretaries to manage Domestic compliances for a bouquet of 30 companies
• (Included Listed Company - Listed on BSE, NBFC - RBI regulated, Company engaged in broking and commodity exchange - SEBI regulated)
• Liaised with MCA for - All the applicable compliances as per Companies Act, 2013 along with certain special transactions like shifting of RO from one state to another, monitoring of intercompany investments, loans and advances, preparation of submission for reply to notice from SFIO etc.
• Liaised with SEBI for - Exchange Membership compliances, applications for making Overseas Direct Investments in JV/ WOS for setting up of financial service activities overseas, Re-classification of Promoters as per Regulation 31A of SEBI (LODR) Regulations, 2015.
• Liaised with RBI for - Investment in JV/WOS overseas and relevant filings for existing JV/ WOS set-up overseas, annual reporting in Form APR, filing form NBS-8 for non-deposit taking non-systematically important NBFC with an asset of 100Cr – 500 Cr., filing of FLA (Foreign Assets and Liabilities) Return, Advance Reporting Form, Form FC-GPR with RBI, registering with CICs registered with RBI for the NBFC Company, FIU registration for NBFC Company, Monthly uploading of details of all the borrowers of NBFC's with the CIC's..