HARDEEP SINGH
Bellerose Manor,NY
Summary
Experienced financial professional with a strong track record in driving financial strategies and managing budgets. Adept in financial reporting, analysis, and compliance. Strong focus on team collaboration and achieving results. Known for adaptability and reliability. Skilled in forecasting, risk management, and financial planning. Highly valued for strategic thinking and effective problem-solving.
Overview
14
14
years of professional experience
Work History
Financial Controller
Renaissance Jewelry New York Inc
04.2024 - Current
- Supervise all accounting operations for over $250M gross, month-end, quarter end and yearly closing
- Produce current and accurate consolidated financial statements on a monthly basis in a timely manner and distribute to CFO and CEO
- Manage Cash, Revenue, Accounts receivable, Accounts Payable, and Payroll
- Manage inventory reporting and reconciliation of $55M in inventory across all consignment customers and in-house
- Review and approve inventory-related adjustments and reserves
- Review and approve all intercompany transactions
- Manage bank line of credit of $45M and all compliance requirements of the lender, ensuring adherence to all covenants
- Manage external audits as well as quarterly reviewed financials
- Oversee Cash Management, Revenue Management, Accounts receivable, Accounts Payable, and Payroll
- Maintain13 week cash flow, budget, and budget variance analysis
- Supervise a team of 12 individuals of which 9 individuals are offshore and three in the US
Assistant Financial Controller- (Consultant to FT)
Polished.com (NYSE:POL) (Company Filed Bankruptcy)
09.2022 - 03.2024
- Supervised all accounting operations for over $450M gross, month-end, quarter-end, and yearly closing
- Managed Cash, Revenue, Accounts receivable, Accounts Payable, and Payroll
- Assisted in budget preparation and management, ensuring alignment with company goals and objectives.
- Managed fixed assets accounting process, including asset additions, disposals, transfers, depreciation calculations, and reconciliations.
- Analyzed gross profit by item to maintain minimum GP across all items
- Reviewed and approved all inventory-related adjustments
- Involved in the implementation of new accounting software (NetSuite)
- Managed external audit and SEC reporting (10Q &10K)
- Restated2021 financial statements and filed amended super10K for the year2022
- Revenue recognition ASC606 and lease accounting ASC842
- Reconciled and maintained intercompany transactions and eliminations
Financial Controller
Nebraskaland Inc (Meat Distributor)
04.2022 - 04.2023
- Supervised all accounting operations for over $750M gross, month end, quarter end and yearly closing
- Reported weekly, monthly and quarterly financial results to CFO and CEO
- Oversee Cash Management, Revenue Management, Accounts receivable, Accounts Payable
- Implemented ASC842 lease accounting standards
- Analyzed gross profit by item to ensure minimum GP is maintained across all items
- Reviewed and approved all inventory related adjustments
- Managed borrowing process ($35M line of credit) and all compliance requirements to ensure adherence to all covenants
- Managed external audit and tax compliance NBL and affiliates
- Managed a team of10 individuals, including AP manager, AR manager, Sr
- Accountant, Accountant, FP&A analyst
Financial Controller
House of Spices (Wholesale Distributor /CPG Industry)
08.2019 - 03.2022
- Directly responsible for all operations accounting, including budgets, product costing, analysis, and reporting for $130+M wholesale, distributor, and manufacturer of South East Asian Food with11 warehouses across the US & Canada and14 subsidiaries
- Managed a team of 8 accountants of which 5 were based in the India Office and 3 in the US, I also indirectly managed11 accounts receivable clerks
- Produced current and accurate consolidated financial statements monthly in a timely manner and distributed to CFO and CEO
- Reviewed all intercompany transactions across all14 subsidiaries on a monthly basis (8 Real estate, 4 Trucking LLC,1 India Pvt LTD and Canada)
- Directed the quarterly accounting review, annual external audit, bank collateral audit and coordinated the tax return preparation process (US, Canada & India)
- Managed borrowing process ($25M line of credit) and all compliance requirements of the lender, ensuring adherence to all covenants
- Analyzed gross profit by item and distribution center to ensure minimum GP is maintained across all distribution centers
- Reviewed physical inventory and inventory in-transit for costing and aging as well as movement of inventory from one warehouse to another (to ensure both positive and negative adjustments are properly done)
- Reviewed DOS (days sales outstanding) to ensure all distribution centers have control over accounts receivable
- (Managed to bring down DSO from45 days in Dec of2019 to31 days in June of2020, with moderate collections)
- Reviewed DIO (days inventory outstanding) to identify fast- and slow-moving inventory and recommend freeze on purchases of slob inventory
- Reviewed monthly product cost allocation for the manufacturing facility in Chicago to ensure direct and indirect costs are appropriately loaded to the finished goods
- Reviewed and reported import & related costs monthly, which included a systematic review of ocean freight, demurrages, detention, FDA, USDA and local freight costs
- Implemented ASC842 lease accounting standards for warehouse and equipment leases
Sr. Accountant (Consultant)
LRN Corporation (Technology Company)
05.2019 - 08.2019
- M&A accounting and normalized books for both entities
- Prepared consolidated financial statements for Management review
- Prepared monthly management reports and accompanying schedules including Budget vs
- Actual variance reports
- Reviewed and recommended modifications to accounting systems and procedures
- Developed and documented business processes and accounting policies to maintain and strengthen internal controls
Financial Controller
The Metropolitan Opera Guild Inc. (Print & Digital Media)
07.2015 - 05.2019
- Company Overview: New York, NY
- Managed all accounting activities towards accurate and timely reporting of the Company’s financials and close process in accordance with US GAAP
- Oversaw Cash Management, Revenue Management, Accounts receivable, Accounts Payable, and Payroll
- Prepared monthly management report and accompanying schedules including Budget vs
- Actual variance reports
- Reviewed and recommended modifications to accounting systems and procedures
- Prepared and monitored operating budgets, capital budgets, and cash flow forecasts, and developed financial models for special projects
- Managed and complied with local, state and federal government reporting requirements and tax filings
- Developed and documented business processes and accounting policies to maintain and strengthen internal controls
- Worked with external auditors to ensure full cooperation and compliance with all qualified requests
- Improved procurement processes for strategic sourcing and supplier integration leading to cost and lead time reduction, quality improvement, and improved management of supplier relations
- Managed to reduce manufacturing cost associated with publishing of the magazine by35% while retaining most valuable advertisers
Accounting & Compliance Officer
Habitat for Humanity
02.2011 - 07.2015
- Company Overview: New York, NY
- Maintained stewardship for construction and housing budget, including P&L, cash flow, and balance sheet
- Prepared thorough reconciliations for balance sheet accounts with full detailed support
- Managed in-house mortgage and escrow accounts including billing and collections
- Assisted with month-end and year-end close as well as consolidation of financial statements
- Projected future cash flow for real estate projects under development
- Managed construction loan drawdowns and payoffs upon sales of residential units and supervised mortgage and escrow collections from homeowners
- Ensured the integrity of federal and state grant funds by reconciling and auditing AIA billings from contractors
- Managed risk by maintaining compliance with grant requirements and the proper allocation of costs
- Liaised with NYCHA and other government entities for compliance and reporting functions
Financial Analyst- (Consultant)
Cullen & Dykman LLP Attorneys at Law
10.2010 - 02.2011
- Performed forensic accounting and billing analysis including research and identification of discrepancies
- Assisted in managing accounts receivable and payable
- Reconciled bank accounts and credit card accounts
- Identified invoicing error and followed through for collection
- Researched and resolved collections and billing disputes with tact and efficiency
Education
MBA - Finance
Louisiana State University
Shreveport, LA05-2019
MS - Accounting
Keller Graduate School of Management
New York, NY07-2011
Timeline
Financial Controller
Renaissance Jewelry New York Inc
04.2024 - Current
Assistant Financial Controller- (Consultant to FT)
Polished.com (NYSE:POL) (Company Filed Bankruptcy)
09.2022 - 03.2024
Financial Controller
Nebraskaland Inc (Meat Distributor)
04.2022 - 04.2023
Financial Controller
House of Spices (Wholesale Distributor /CPG Industry)
08.2019 - 03.2022
Sr. Accountant (Consultant)
LRN Corporation (Technology Company)
05.2019 - 08.2019
Financial Controller
The Metropolitan Opera Guild Inc. (Print & Digital Media)
07.2015 - 05.2019
Accounting & Compliance Officer
Habitat for Humanity
02.2011 - 07.2015
Financial Analyst- (Consultant)
Cullen & Dykman LLP Attorneys at Law
10.2010 - 02.2011
MBA - Finance
Louisiana State University
MS - Accounting
Keller Graduate School of Management
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