Bhavna Garg
Santa Rosa,USA
Summary
Be a key resource for the company by utilizing my experience, training, and capabilities in the field of accounting, costing, auditing, taxation, financial reporting, compliance, budgeting and forecasting, ERP Integration etc.
Overview
17
17
years of professional experience
Work History
Controller
Reladyne, LLC
05.2022 - 09.2023
- Support higher management in taking important strategic business decisions by analyzing company’s business model and financials, meet management’s requests on ad-hoc basis, help management to communicate company goals to the team and other staff through team meetings/huddles
- Supervise accounting team (4 people team), lead role in hiring, coaching, and mentoring new staff with continues efforts to help in their growth
- Checking proper internal controls are in place to ensure business operations and the financial results are trustworthy
- Oversee accounting functions such as AP, AR, Cash Disbursement, Cash receipts, Inventory Receipt etc, finding areas of improvement and implementing controls to mitigate risk
- Ensuring all processes are SOX compliance and accounts are maintained per USGAAP
- Supporting and guiding these departments on their regular accounting functions and general queries from external parties
- Collaborate with other cross functions/department heads to discuss what is not going right within existing process and how we can bring improvement in those areas
- Leading the monthly physical inventory audit from finance side to address inventory variances, addressing areas for improvement with a plan to improve process by implementing internal controls and preparing a analysis report for top management
- In this type of industry, there are huge chances of stealing/theft of inventory
- Thorough and detailed review of all documents submitted and verified for Fixed Asset Purchase
- In this industry, it is common to spend huge capital on heavy trucks that are used in transporting goods, so it becomes one of the key area to focus
- Very careful with positive pay exceptions to avoid any fraud with payments through manual checks/ACH/Wire
- Front face to support USGAAP financial and bank audit for California based 3 companies by providing PBC documents to auditors
- Engaging team in audit deliverables and ensuring the audit timelines are met on time
- ERP implementations for three companies within a year, streamline all accounting functions on new ERP system, providing training to accounting team on new ERP software
- Supervising full month end close process, reviewing P&L with Variance analysis and detailed BS reconciliations, Gross Margin Analysis and providing report to top management with key factors contributing those variances
- Lease Agreements review and schedule preparation per ASC 841
- Budgeting/ forecasting and comparison of forecast with actual numbers
- Tax filing – Sales Tax, Property tax, business licenses and other state laws requirements
- Keep looking for ideas for continuous improvement that benefits the business and the management.
Controller
Security people Inc dba Digilock
12.2019 - 05.2022
- Support management in their business decisions for their US, Hong Kong, China and Europe entities (total 6 entities)
- Owner had one Real Estate company too hence supported in full fledge accounting for real estate too
- Supervising a team of 4 people and taking a lead role in hiring/ coaching/ mentoring them
- Checking proper internal controls are in place to ensure business operations and the financial results are trustworthy
- Oversee accounting functions such as AP, AR, Cash Disbursement, Cash receipts, Inventory Receipt etc, finding areas of improvement and implementing controls to mitigate risk
- Ensuring all processes are SOX compliance and accounts are maintained per USGAAP and LLGAAP
- Providing support to these departments in their regular tasks and guiding them to answer queries from external parties
- Collaborating with other departments such as Operations, Supply Chain, Sales, Marketing for finding areas of improvement and bringing improvement with a strategic plan with their department head
- As part of month end process, analyzing reasons for purchase clearing account uncleared balance, purchase price variances, checking Open PO report, reviewing inventory adjustments posted, reconciling goods in transit accounts
- These were the major accounts to check areas of improvement for inventory process
- Detailed and thorough review of fixed asset full process including but not limited to capitalization, disposal, depreciation, write off, sale etc
- Preparing individual entity as well as Consolidated Financial Statements in compliance with USGAAP and LLGAAP
- Timely and accurately accounting and reporting of monthly/quarterly/yearly financial results to management
- Front face to support year end USGAAP and LLGAAP for all the business entities (US, Hong Kong, Europe, China)
- Initiating with audit plan meetings, audit timelines, audit PBC documents review and delivery, answering auditor’s questions directly, finalizing the audit, reviewing the audit report, getting it signed by CEO/CFO, working with tax auditor directly to have corporate income tax report sign off
- Budgeting, forecasting, Profit margin projections and strategic planning to achieve those targets
- Quarterly tax projections to pay advance corporate taxes and reviewing annual tax report, Property tax filing, Sales tax nexus presence study, sales and use tax filing, business license renewals, VAT expense analysis and preparing for VAT return to reclaim for Netherland foreign company
- Full month end closing process, preparing individual as well as Consolidated Financial Statements in compliance with USGAAP and LLGAAP, timely and accurately accounting and reporting of monthly/quarterly/yearly financial results to management
- Intercompany Billings to allocate expenses across the entities to ensure the profit stays within the entities in proportionate to Intellectual property rights
- Transfer Pricing process by reviewing the profit margin percentage for foreign entities, allocation of expenses from HQ to other entities, Intellectual Property (IP)ratios, Engineering and R&D cost analysis, arm’s length price
- Keep looking for ideas for continuous improvement that benefits the business and the management.
Sr Accountant
Soligent Distribution, LLC
02.2019 - 07.2019
- Supporting management in meeting business goals
- Ensuring internal controls are in place to mitigate risk of fraud/errors, accounts are maintained in compliance with USGAAP
- Assisting in External year end audit by providing documents/support per PBC list
- General day to day accounting functions including full month end closing process, Daily banking functions, Fixed Asset Management full cycle
- Reviewing P&L with Variance analysis and detailed BS reconciliations
- Timely submission of financials to top management for their review
- Budgeting/ forecasting and comparison of forecast with actual numbers
- Overview and support to centralized AP, AR and Cash Disbursement Team in their day to day functions
- Assist in Year End Audit process
- Tax filing – Sales Tax, Property tax, business licenses etc.
Staff Accountant
VisiQuate Inc.
01.2015 - 01.2018
- Supporting controllers and CFO in meeting business goals
- Checking accounts are maintained per USGAAP
- Thorough check of AP, AR and Cash processes to ensure proper internal controls are placed
- Prepare Audit work papers/foot notes per PBC list to support controller/CFO
- Monthly/Quarterly/Yearly basis detailed review of P&L and BS, Variance analysis, BS reconciliations
- Daily bank feed to ensure enough bank balances to meet daily funding, AP invoices/ ACH payments, AR invoices/ collection process
- Updating FA schedule and managing depreciation/disposal/addition of assets
- Cost allocation of new projects into implementation, Billable/Non billable expenses to clients, Corporate credit card transactions check and recording those transactions.
Staff Accountant
NeilMed Pharmaceuticals, Inc.
01.2014 - 01.2015
- General day to day accounting functions including full month end closing process, Daily banking functions, Fixed Asset Management full cycle, Bank Covenant/debt compliance reporting., Intercompany billing, monitor of temporary employee cost to ensure the labor is cost effective, review of sales tax on invoices, prepare audit foot notes/work papers, assist in development of accounting and financial policies and procedures.
Finance Analyst
Agilent Technologies
01.2010 - 01.2014
- General day to day accounting functions, working with country controllers (Hongkong, China, Taiwan) directly on financial analysis, month end closing, Budgeting, Forecasting, Financials reporting, intercompany billing, payroll Headcount analysis etc.
Team Lead
American Express India Pvt. Ltd
01.2009 - 01.2010
- General day to day accounting functions, financial analysis, month end closing, supporting to team lead on ad-hoc projects, working with country controller (Canada) directly.
Cost Trainee
Maruti Suzuki India Ltd
01.2007 - 01.2008
- As part of training, participated in physical verification of Inventory (Cars) manufactured by the company, in Fixed Asset Audit, Warranty Audit, Spares Audit, testing of Internal Controls per Listing Agreement’s Clause-49 of Securities Exchange Commission (SEBI, India).
Education
Certified Cost Accountant -
Institute of Cost and Works Accountant of India (now called CMA too)
12.2009
Masters in accounting -
Bhim Rao Ambedkar University
12.2009
Skills
- Strong Leadership and a Team Player
- Proficient on ERP systems
- Effective Communication
- Interpersonal skills
- Ethical to work
- Professional and highly Committed to work timelines
- Adaptable to changes and manage daily work priorities
- Able to handle multiple tasks
- Analytical and problem solver
- Great command on MS-Office Apps (advanced Excel, word, PowerPoint, Teams, Outlook etc)
- Quick Learner and accomplish results efficiently
- Corporate Finance
- Accounting Management
- Internal Controls Development
- Pricing and Costing
Accomplishments
- Successful transition to new ERP systems for 3 companies within 6 months with limited resources and short timeline
- Analyzed current foreign exchange expenses, resulted in an approximate saving of EUR 114,000/year
- Automated corporate credit card expense reconciliation
- Reviewed and updated existing GL chart of account that helped in reviewing and preparing consolidated financials
- Reviewed the existing accounting procedure followed, added accounting activities to follow USGAAP
- Initiated more strict deadlines to our month end closing and the FS preparations that helped in more trust of our external parties such as Auditors, consultants, Banks to have more confidence in our financials
- Started detailed review of Gifts, Travel Meals, Charitable, Entertainment, Breakroom supplies to get maximum tax deduction possible
- Worked with our ERP consultant to automate our JE process
- Supported on projects like moving from check payments to ACH or Wire
- Brought more efficiency by assigning the work efficiently among rest of the team members
- Reviewed existing sale tax filing process and bringing cash benefit to the company by reclaiming over $40K tax payments
- Designed a cost analysis model to support profitability analysis of various product lines
- Temp wages invoice analysis resulting in around $500 saving for each billing
- Building good knowledge of software used to accrue credit card points and finding a bug in the software (never challenged before) that resulted in a mass change in their accrual process
Application Knowledge
- SAGE
- Oracle
- SAP
- NetSuite
- Syspro
- QuickBooks
- Essbase
- Hyperion
- OneStream
- SalesForce
- HFM
- ADP
- Meidas
- Mineral Tree
- BeanWork
- CS Software
- Speed tax
- AssureNet
- Actual system
- Tallie
- Expensify
- MS office tools– Teams, outlook, PowerPoint
- MS Excel
Other
References available. Open for Onsite/In office job, business travels, working extended hours, relocation if needed.
Personal Information
Title: Controller
Timeline
Controller
Reladyne, LLC
05.2022 - 09.2023
Controller
Security people Inc dba Digilock
12.2019 - 05.2022
Sr Accountant
Soligent Distribution, LLC
02.2019 - 07.2019
Staff Accountant
VisiQuate Inc.
01.2015 - 01.2018
Staff Accountant
NeilMed Pharmaceuticals, Inc.
01.2014 - 01.2015
Finance Analyst
Agilent Technologies
01.2010 - 01.2014
Team Lead
American Express India Pvt. Ltd
01.2009 - 01.2010
Cost Trainee
Maruti Suzuki India Ltd
01.2007 - 01.2008
Certified Cost Accountant -
Institute of Cost and Works Accountant of India (now called CMA too)
Masters in accounting -
Bhim Rao Ambedkar University
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