Sheetal Kamat
Bangalore
Summary
Finance professional with 12+ yrs. of varied Industry experience in IT, Retail, R&D and Manufacturing with progressive leadership responsibilities. Detail oriented, highly analytical & strategic with strong business acumen and accustomed to managing multiple projects in a fast-paced environment.
Overview
12
12
years of professional experience
Work History
Senior Manager, Finance
GE Vernova (LM Wind Power)
2018.09 - Current
Business Finance lead for 3 Factories in India ($500M+ Revenue & $100M FCF) and Engineering Center of 300+ personnel.
- FP&A: Delivering targets, budget mgmt., periodical estimates & financial analysis
- Supply chain: Procurement cost, DTP optimization, material efficiency, OVC productivity.
- Treasury: Cash mgmt., receivables discounting, banking relationship.
- Operational Finance: Leasing $$, Sales Ops coordination, Volume productivity.
- Controllership & Month close: Audit support, Internal compliance, month closures.
- Tax: GST monetization, transfer pricing, customs.
- Transformation: FTE Optimization.
Tech Center: Drive cost productivity for $100M Tech center & $25M services arm.
Business Finance Lead/ Tax Manager
GE India (Global Research Center)
2016.08 - 2018.08
Responsible for providing strategic & operational financial support to GE’s
largest research Org. with 5000+ personnel & $200M spend.
- Lead planning cycles, periodical estimates, growth playbooks, monthly cash flows for site.
- Month close & controllership activities. Audit assistance. Internal control reviews.
- Drive & deliver key operational metrics, partnering with Business Leaders
- Capex & Strategic Cost management across center, delivering >$5M saving
- Corporate tax return, tax audit & transfer price support
- Implementation of GST, legal entity merger, representation before tax authorities
- >$30M GST refunds collected
Senior Tax Analyst
Target Corporation India
2014.01 - 2016.08
Responsible for overall Tax processes
- Led, managed and coordinated annual tax compliance monitoring to achieve corporate objectives with regulatory risk levels
- Partnership with global mobility on inpat-expat tax requirements
- Analyzed varied countries tax treaty benefits
- Streamlined withholding tax process
- Vendor contracts review from tax perspective
- Service tax refunds $15M
Tax Executive
KPMG
2012.03 - 2014.01
Provided client consulting on Corporate & International tax
- Worked on advisory assignments involving domestic and cross-border tax issues [inbound tax advisory, withholding tax opinions, etc.]
- Advised on Foreign Direct Investments and External Commercial Borrowings
- Involved in Company Incorporation procedures with Registrar of Companies
Education
Chartered Accountant (CA) -
ICAI
2011-11
Bachelor of Commerce -
Karnataka State University
2007-06
Skills
- Business Finance
- P&L Analysis
- FCF Management
- Direct & Indirect Tax
- Operational Controllership
- Restructuring
- Global Leadership
- Regional Ownership
Accomplishments
Cash Generation: GST monetization ($50M), Supplier reverse factoring, DTP optimization, 30% DSO drop, Later than logic, Cash pool efficiency. Cost+ billing model ($25M tax efficiency).
Margin Expansion: Footprint increase $50M (Additional factories/ Lines)
Labor & Material productivity $25M (Cycle time, Inventory control etc.)
Variable Cost productivity $20M (Duty/ yard optimization)
Channel partner engagement, Seat cost optimization, Real estate strategies $15M
Global Finance Transformation: Led finance process transformation across 20 factories. 3rd party service engagement. Drove global restructuring - 45% cost & FTE productivity.
Implementation: Successful implementation of GST & new ERP for R&D center
Recd. several Management Awards across entities. Also, handled discreet vendor compliance cases.
Timeline
Senior Manager, Finance
GE Vernova (LM Wind Power)
2018.09 - Current
Business Finance Lead/ Tax Manager
GE India (Global Research Center)
2016.08 - 2018.08
Senior Tax Analyst
Target Corporation India
2014.01 - 2016.08
Tax Executive
KPMG
2012.03 - 2014.01
Chartered Accountant (CA) -
ICAI
Bachelor of Commerce -
Karnataka State University
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