Summary
Overview
Work History
Education
Skills
Websites
Accomplishments
Certification
Timeline
Receptionist

VISHRUTI MEHTA

Woodbridge,New Jersey

Summary

Results-driven accounting professional with 15+ years of demonstrated positive impact company growth. Expertise in financial statement preparation and analysis, operational management, forecasting and cost control. Demonstrated skill and success in managing internal accounting processes, improving controls and strengthening systems for optimal performance. Proficient in all aspects of accounting, including accounts payable and receivable, budget administration and payroll. Committed to introducing changes to achieve continuous improvement and successfully influencing processes driving operational excellence. Gifted in building and leading solid teams to handle high-volume operations with consistency, accuracy and full compliance with regulatory requirements.





Overview

15
15
years of professional experience
1
1
Certification

Work History

Accounting Manager

IBM
04.2023 - Current
  • Successfully facilitated the transition of Payroll operations for Greece, Ireland, Netherlands, UK, Canada, Vietnam, Czech Republic, Puerto Rico and the United States
  • Assessed Accounts Payable (AP) planning implemented interim AP payment options and refined processes
  • Optimized Accounts Receivable (AR), ensuring timely collection, avoiding the transfer of excess collections workload to the acquiring company, and minimizing bad debt write-offs
  • Managed and executed fixed asset valuation by leveraging the inventory list, subsequently allocating them to the respective IBM units at the local level
  • Spearheaded the Data Archive project, creation, and maintenance of digital copies for each data category – AR, AP, Financials, Taxes, Bank transactions, Employee reimbursements
  • Ensured adherence to accounting standards, tax regulations, and other financial reporting mandates in accordance with the local rules, regulations, and company policies.

Accounting Manger

NS1
09.2021 - 03.2023
  • Managed a smooth transition for international employees, moving from a Professional Employer Organization (PEO) to in-house payroll processing across multiple locations, resulting in significant cost savings
  • Established new level of discipline in the payroll process by instituting a Standard Operating Procedure to reduce operational risks and eliminate time consuming manual processing
  • Introduced advanced accounting and accounts receivable software, resulting in enhanced efficiency, saving accountant 2 hours daily and dramatically increasing reporting capabilities
  • Oversaw the general ledger activities, ensuring accurate and timely recording of financial transactions
  • Regularly reconciled records systematically to prevent discrepancies
  • Analyzed financial results to identify trends, variances, and areas for improvement
  • Ensured timely processing of the 1099’s, Value Added Tax (VAT) returns
  • Facilitated month-end, quarter-end and year-end closings and assisted in developing and managing the Budgets
  • Monitored and managed daily cash flows to ensure there is enough liquidity to meet operational needs
  • Supported various external audits, addressed audit findings, and implemented corrective actions
  • Collaborated with cross-functional teams on a global scale, ensuring transparent and effective communication with all stakeholders
  • Offered guidance, oversight, and mentorship to team members, facilitating their training and ensuring proficiency in accounting tasks and responsibilities
  • Participated in special projects, such as system implementations, process improvements, and restructuring initiatives.

Senior Accountant

NS1
08.2019 - 08.2021
  • Established client accounts in Ubersmith according to authorized Service Orders
  • Precise invoicing for all customers and prompt application of received payments
  • Managed Accounts receivables and generated weekly reports for team evaluation
  • Consistently surpassed cash collection targets and effectively reducing the Days Sales Outstanding (DSO)
  • Responded to client inquiries via Zendesk ticketing system within a response time of under 48 hours
  • Processed payroll for 150+ US employees via ADP
  • Initiated and optimized the Purchase Order (PO) process to improve efficiency, transparency, and internal controls
  • Recorded accounts payable bills, employee reimbursements and credit card transactions.

Senior Accountant/Interim Assistant Comptroller

Long Branch Housing Authority
09.2016 - 08.2019
  • Prepared consolidated financial statements, budgets, forecasts & Tax Returns while conforming to the reporting and procedural standards
  • Ensured Compliant Reporting for Seven Tax Credit Sites
  • Negotiated Energy contracts and increased the recovery of receivables, thereby increasing the profit pool
  • Identified and developed controls and processes to ensure all risks and opportunities are highlighted – Transformed the payroll process by reducing the costs by 30% while ensuring the continuation and enhancements of services
  • Managed internal, external, and regulatory audit processes, Interim and Year-End
  • Presented monthly & quarterly results, meaningful interpretation and analysis of financial data, budget variances and ad-hoc analysis
  • Process and reconcile insurance claims with the Insurance Broker.

Accountant

Bhatia & Co. Inc., CPA
10.2013 - 09.2016
  • Performed full cycle financial accounting, inclusive of accounts receivable, accounts payables, client billing and general ledger
  • Prepared bank reconciliations, payroll reconciliations and expense reconciliations
  • Maintained fixed asset schedules and transitioned to paperless filing system
  • Assisted in Payroll, month-end close, year-end close and financial reporting for tax credit properties.

Staff Accountant

Lenox Martell Inc.
11.2012 - 09.2013
  • Processed Accounts Payable, Receivables, account reconciliations ensuring appropriate levels of cash flow and assisted in the month-end and year-end closing process for accurate reporting, for a manufacturing industry per US GAAP.

Accounting & Finance Intern

World Wide Web Foundation
05.2011 - 05.2012
  • Performed financial accounting for international projects based on US GAAP while getting exposure to the not-for-profit industry
  • Recorded receivables and payables using QuickBooks and successfully implemented QuickBase (Project Management Software).

Education

Master of Science in Accounting -

University of Massachusetts
Boston, MA
06.2012

Master of Commerce (Management) -

University of Mumbai
04.2007

Bachelor of Commerce (Accounting & Computers) -

R. A. Podar College of Commerce & Economics
03.2005

Skills

  • Problem Solving
  • Integrity
  • Tech Savvy
  • Meticulous
  • Analytical
  • Team Player
  • Communication
  • Organizational Skills

Accomplishments

  • Achieved a savings of $500,000 per year by shifting payroll processing from a PEO to an in-house system.
  • Efficiently transitioned from a 5-day month-end closing cycle to a streamlined 1-day process.
  • Decreased the DSO (Days Sales Outstanding) from 38 days to 20 days.
  • Enhanced operational efficiency by streamlining processes to improve control measures.
  • Promoted employee contentment and nurturing positive relationships with clients and vendors, thereby fostering satisfaction among all stakeholders.

Certification

Procurement & Contract Management 2016

The National Association of Housing & Redevelopment Officials (NAHRO)


Certified Credit Compliance Professional 2016

Low Income Housing Tax Credit Program


Post Graduate Diploma in Banking Operations 2010

Institute of Finance Banking & Insurance, Mumbai, India

Timeline

Accounting Manager

IBM
04.2023 - Current

Accounting Manger

NS1
09.2021 - 03.2023

Senior Accountant

NS1
08.2019 - 08.2021

Senior Accountant/Interim Assistant Comptroller

Long Branch Housing Authority
09.2016 - 08.2019

Accountant

Bhatia & Co. Inc., CPA
10.2013 - 09.2016

Staff Accountant

Lenox Martell Inc.
11.2012 - 09.2013

Accounting & Finance Intern

World Wide Web Foundation
05.2011 - 05.2012

Master of Science in Accounting -

University of Massachusetts

Master of Commerce (Management) -

University of Mumbai

Bachelor of Commerce (Accounting & Computers) -

R. A. Podar College of Commerce & Economics

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VISHRUTI MEHTA