Shalini Agarwal
San Jose,California
Summary
Accomplished financial management and accounting professional with 10+ years of demonstrated positive impact company growth. Proven skill in employing accounting and financial management best practices. Committed to introducing changes to achieve continuous improvement and successfully influencing processes driving operational excellence. Ability to work independently as well as in a team environment with great leadership experience. Expertise in financial statement preparation and analysis, operational management, audits, system implementations, developing policies and processes.
Overview
12
12
years of professional experience
2
2
years of post-secondary education
Work History
Director of Accounting
Starburst Data, Inc.
01.2023 - Current
- Liaised with senior management on financial matters, presenting regular updates and ensuring complete transparency regarding company's financial position.
- Lead transition of month-end closing from quarterly to monthly by optimizing workflows and implementing automated reconciliation processes.
- Prepare comprehensive financial statements and management reports for annual audits, investors and management.
- Implemented NetSuite, improving data accuracy and reducing manual input errors while increasing overall productivity.
- Coordinate with external auditors to ensure smooth annual audit process, addressing any concerns or discrepancies in timely manner.
- Maintained compliance with all relevant tax laws and regulations, minimizing risk exposure through diligent oversight of filings and documentation practices.
- Established 6 international entities and setup accounting, payroll, tax, audit and compliance processes for 8 international entities.
- Manage banking and vendor relationships
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Created financial dashboards to provide insights into key performance indicators.
Director of Accounting
Alation Inc
03.2021 - 01.2023
- Oversee end to end accounting operations with 18 person team focused on efficient AP/AR, GL, Internationalization, Consolidation, management and investor reporting, direct and indirect tax, system implementation, treasury, audit, technical accounting, acquisitions, and due diligence and other financial management needs.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Lead implementation of multiple accounting tools such as NetSuite, Avalara, Floqast, TripAction.
- Setup sales tax process, implemented Avalara and complete VDA process with 16 States while reducing sales tax liabilities/penalties from $3m to $200k.
- Scale month end process and reduce close cycle from 14 days to 6 days, incorporated 6 new international subsidiaries, automate intercompany elimination and consolidation, streamlined account reconciliations and review process, maintained clean, accurate and accessible records.
- Lead technical accounting adoption such as ASC 606, ASC 842, ASC 718, ASC 805, ASC 350-40, ASC 985-20.
- Recruited, interviewed and hired 11 employees and implemented mentoring program to promote positive feedback and engagement.
- Lead multiple due diligences and fund raises for Series D and E.
- Supported debt financing and established debt accounting.
- Lead banking relationships and onboarded two new banking partners.
- Managed vendor relationships with international services providers, tax partners, and audit partners.
- Revamped monthly and quarterly investor reporting process.
Sr. Accounting Manager
Vuclip Inc, A PCCW Media Company
03.2017 - 03.2021
- Effectively managing global consolidation of 13 subsidiaries including intercompany elimination, currency revaluation, CTA, Forex transactions, and management reporting.
- Prepare monthly management reporting package for parent company including TB mapping, flux analysis, intercompany reconciliations, FA roll-forward, content schedules, revenue and COS detail by deal, Digital spend reporting by region.
- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.
- Contributed to hiring, training and development of accounting teams.
- Manage content accounting for both in house productions as well as license contents for all Vuclip subsidiaries including contract review, capitalization, amortization, disposal, content
accruals and prepaid accounting. Reconcile and prepare content asset schedules. - Lead multiple financial audits and internal control audits with audit partners KPMG and PwC.
- Improvise AR and Cash management processes with track record of increasing collection by 30% in first three months of assignment and streamlining cash management.
- Review and approve 110 plus account reconciliations at consolidated level on monthly basis.
- Played important role to implement NetSuite ERP system by taking responsibilities of implementing Fixed Asset module, vendor and item setup, chart of account set up, intercompany set up, consolidation and financial reporting structure.
- Received Ideal Vuclipper Award 2017 for dedication and efforts to streamline India subsidiary accounting process, improve month end close process and meet close deadline with assurance of accuracy of financial statements.
Sr. Accountant
Masterbrand Cabinets Inc. (NYSE: FBHS)
06.2015 - 01.2017
- Successfully completed purchase accounting project of newly acquired cabinet company along with implementing accounting processes/polices of Parent company. Project success was awarded by President Leadership Award 2015.
- Responsible of managing GL accounting and reporting of subsidiary generating $180M annual revenue along with managing sale commission accounting of entire company.
- Revised and consolidated sales commission process which improved processing time by 35%, increased internal control and reduced work load during close week by 20%.
- Researched and analyzed root cause of commission overpayment using current sale commission process which is estimated to save $800,000 minimum per year.
- Performed month end general ledger duties, including analyze financial statements, month end entries, intercompany entries, cash flow entries, exchange rate impact entries, variance analysis report, reconciliations of 50 plus different accounts.
Sr. Accountant
Parkview Health System Inc
08.2012 - 04.2015
- Developed comprehensive month end reports, variance analysis reports, and presentation to controller and CFO to help improve reports efficiency and easy to interpret results.
- Coordinated with external auditors and different finance associates in company to provide required information for auditing accurately and timely.
- Performed month end general ledger duties, including analyzing financial statements and making necessary adjustments, preparing supplementary schedules as required, preparing journal entries,
and close packets for management. - Aggregated and analyzed data to find reason for high bank charges and proposed solution which was estimated to save $70,000 per month in bank fee
Education
MBA - Finance And Accounting
Indiana University - Purdue University Fort Wayne
Fort Wayne, IN 01.2007 - 06.2009
Certified Public Accountant (CPA)
Indiana
Skills
Financial reporting and Consolidation
Timeline
Director of Accounting
Starburst Data, Inc.
01.2023 - Current
Director of Accounting
Alation Inc
03.2021 - 01.2023
Sr. Accounting Manager
Vuclip Inc, A PCCW Media Company
03.2017 - 03.2021
Sr. Accountant
Masterbrand Cabinets Inc. (NYSE: FBHS)
06.2015 - 01.2017
Sr. Accountant
Parkview Health System Inc
08.2012 - 04.2015
MBA - Finance And Accounting
Indiana University - Purdue University Fort Wayne
01.2007 - 06.2009
Certified Public Accountant (CPA)
Indiana
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