Sharrad Maheshwari

Heading entire Finance & Accounts, Investment MO and BO, Procurement, Taxation and Admin Units (Team Size -50 plus)

• Identified opportunities to improve business process flows and productivity.
• Enhanced company performance by implementing new strategies and streamlining operations.
• Developed measurement tools, dashboards, and reports to track metrics on adoption and effectiveness of initiatives.
• Restructured departments for increased efficiency, optimizing resource allocation and improving communication between teams.
• Established a culture of continuous improvement, leading by example to drive operational excellence across the organization.
• Analyzed industry trends and tracked competitor activities to inform decision making.
• Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
• Maintained P&L and shouldered corporate fiscal responsibility.
• Oversaw annual audit process, ensuring accurate representation of financial position in accordance with IGAAP and IndAS standards.
• Reduced overhead costs by identifying inefficiencies and implementing cost-saving measures.
• Ensured compliance with all regulatory requirements by staying abreast of industry changes and updating policies accordingly.
• Enhanced financial reporting accuracy through the development of comprehensive internal controls.
• Drove revenue growth by identifying key performance indicators and optimizing pricing strategies.
• Optimized cash flow management through efficient working capital strategies and investment decisions.
• Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
• Evaluated and negotiated contracts to procure favorable financial terms.
• Performed banking, business administration and financial tasks to guarantee five-star service for customers
• Fostered the culture of moving to automation from manual by implementation of various systems and data verse projects

Leading entire Finance & Accounts and Admin function (Team Size -50 plus)

• Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success.
• Demonstrated proficient leadership skills to motivate employees and build competent teams.
• Increased company growth through collaboration with sales and marketing departments.
• Delivered strong financial performance despite challenging economic conditions by executing prudent risk management strategies throughout all aspects of business operations.
• Implemented advanced data analytics tools to drive data-driven decision-making across all levels of the organization, leading to better business outcomes.
• Streamlined accounts payable and receivable processes for improved efficiency, resulting in reduced outstanding debts and increased cash flow availability and solvency
• Devised and presented business plans and forecasts to Management
• Simplified complex financial data for non-finance stakeholders, enabling informed decision-making across the organization.
• Reduced month-end closing time by implementing efficient reconciliation processes and procedures.
• Accurately completed financial statement audits and thoroughly reviewed results.
• Verified accurate completion of corporate income tax returns and optimal use of favorable tax codes.
• Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
• Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.

• Head of Insurance Accounting, Disbursement & Accounts Payable at Corporate Office
• Reporting to Deputy Director - Finance (Team Size -40 plus)

• Insurance Accounting, Taxation and Disbursement processing & accounting
• Fund based accounting as per US GAAP. US GAAP and STAT reconciliation
• Commission disbursement processing and accounting.
• Customer refunds, Claims processing and accounting
• Month-end provisions and book closures..
• Ensuring efficient and organized month end close process using checklist
• Accounts Payable Accounting and Fixed Assets.
• MIS, Projection variances and other dashboard control reports.
• Assisting in Business plans and projections.
• Liaison with Internal, External Auditors and Taxation authorities.
• Implementation of various new projects and systems such as Compensation
Management System, , Service Tax project , Vendor Payment etc.
• Ensuring various reconciliation controls - Sun GL accounting vs Policy admin system records – (Suspense –Deposit reconciliation, Policyholder Account
balances, Refund payable, Commissions payable, Claims Payable etc).
• Team management and development.
• Life Asia & Group Asia – Policy Admin system implementation and transition

• • Assist various clients in evaluating the overall adequacy and effectiveness of the internal controls systems and procedures to safeguard the assets and leading them to growth path in effective manner.
  • Preparing of the SOPs, Compliance manuals etc. for effective management of business and all its operations
  • Implementing all the Cost Reduction measures & process improvement.
  • Risk Assessment and controls
  • Adopting and implementing global best management practices.
  • Undertaking training programs on Clause 49 and Risk Management.
  • Clients handled :- Select Portfolio Servicing(SPS)–Progeon India Infosys (BPO), Gorkha Breweries Ltd (Nepal), Bisleri International Private Limited (Delhi Unit), Ballarpur Industries Limited(Paper Industry), Convergys (Transportation cost Analysis). Whirlpool India Pvt Ltd (Internal Audit), Dabur Pharma (Internal Audit).

• Evaluate and documentation of all risks, controls and processes using extensively the audit tools like flow charts, narratives, risk matrix etc.

• Being an Unit Management Auditor of Cement Business-Marketing, exploring on continuous basis various possible areas of Cost reduction & Savings in grey areas of marketing such as Logistic, Advertisement, Sales schemes, Taxation etc.

• Preparing Projections & CMAS for Capital & Term Loan requirements of Clients.

• Draft & prepare project reports,CMA data & other allied matters required for Term Loans & Working Capital Finance.