Vivek J. Kulkarni
Winter Garden,FL
Summary
Dynamic Chief Financial Officer and Corporate Controller with extensive expertise in financial reporting and accounting leadership. Proven track record of enhancing accuracy in financial records, statements, and audits, contributing to overall operational efficiency. Adept at fostering relationships with shareholders and board members through exceptional communication, negotiation, and mediation skills. Committed to driving strategic financial initiatives that support organizational growth.
Overview
14
14
years of professional experience
Work History
Corporate Controller | Head of Finance - US and India
Avesha Inc.
, MA
01.2020 - Current
- Report directly to the CEO
- Executed end-to-end financial workstreams ensuring compliance with U.S. GAAP standards.
- Ensured timely and accurate financial reporting.
- Enhance efficiency through established technical accounting methods.
- Provided strategic business intelligence to investors utilizing industry benchmarking.
- Ensure accurate financial reporting, consolidations, and adherence to tax and regulatory requirements for Indian subsidiary.
- Aligned financial strategies with broader corporate goals using forecasting models.
- Devised investment structure plans and managed the completion of late-stage funding rounds including SAFE agreements and credit facilities.
- Fostered relationships with banks, investors, and financial institutions.
- Designed financial models to support business growth initiatives.
- Negotiated agreements with direct customers, MSPs, resellers, and system integrators for on-premises and SaaS product lines.
- Successfully implemented ASC 606 Revenue Recognition standards.
- Led asset-based acquisition of Romanian software development company by managing all due diligence steps.
- Maintained general ledger and chart of accounts, performed complex accounting functions such as journal entry preparation, account analysis, balance sheet reconciliation and preparation of quarterly financial statements.
CFO Consultant & Advisor to the Board
Bola Technologies Inc.
, CA
01.2017 - 01.2022
- Enhanced financial strategies through process optimization.
- Provided counsel to senior leadership on financial planning, forecasting, and risk management to meet corporate objectives.
- Guided decision-making processes with detailed financial evaluations.
Global Financial Controller
QSR International (Americas) Inc.
, MA
02.2019 - 10.2020
- Led complete transactional accounting, financial closing, consolidation, and reporting for the US and subsidiaries in Australia, UK, and Japan within a NetSuite framework.
- Managed technical accounting operations involving transfer pricing.
- Developed models for consistent weekly cash predictions.
- Facilitated improved management of indirect taxes and statutory compliance.
- Directed management of collaborations with financial entities and maintained leadership over a diverse team.
- Coordinated the move of QSR central operations from Australia to the United States.
- Assessed new global revenue recognition guidelines for on-premises software, post-contract support, and SaaS product lines in compliance with Accounting Standards Code 606 and AASB 15 (Australia).
- Enhanced reporting processes for Sales & Use Tax, GST, and MOSSVAT across various jurisdictions to ensure compliance.
- Directed integration tasks for US private equity acquisition of QSR and Planet Software.
Chief Financial Officer
Erving Industries Incorporated
07.2016 - 11.2017
- Oversaw finance team, managing forecasting and business operations.
- Designed vendor management processes for improved relationships.
- Supervised a group of six members to maintain operational efficiency.
- Executed market benchmark alignment for improved margins.
- Implemented short-term forecasting to enhance profitability insights and cash flow analysis.
- Enhanced efficiency in credit and collections, reducing outstanding sales days.
- Implemented procure-to-pay process to analyze paper and pulp market, reducing raw material costs by 20%.
- Created KPI Scorecard to facilitate analyses on sales mix, debt service, and contribution margins.
Director of Finance and Administration | Head of Finance
Chitika Incorporated
01.2012 - 01.2016
- Contributed to executive-level discussions, influencing critical decisions and organizational strategies.
- Directed transformation initiatives by implementing process automation.
- Oversaw comprehensive financial operations encompassing reconciliations and reporting for US and India.
- Designed and executed internal control policies to strengthen operational security.
- Led successful merger between Chitia, LLC and Chitika, Inc., achieving streamlined operations.
- Safeguarded $500,000 in R&D tax credits throughout IRS audits spanning fiscal years 2010 to 2014.
- Cut execution time from three weeks to seven days through process re-engineering.
Director of Accounting - Optical Communication Division
MRV Communications Inc.
12.2010 - 04.2012
- Supervised accounting operations across multiple locations for goal alignment.
- Enhanced corporate SOX procedures to ensure regulatory adherence.
- Managed team of eight, boosting operational performance and professional growth.
- Resolved overlapping territories and aligned goals across teams.
- Enhanced team performance by rebuilding the revenue recognition department.
- Oversaw revenue recognition processes for hardware, software, and post-contract services under ASC 605 and ASC 985 guidelines.
- Directed financial workflows across Argentina, Europe, and Australia through collaboration with LSPs.
Education
M.S. - Accounting
Bentley University
MAM.B.A. - Business Administration in Financial Management
University of Poona
IndiaBachelor of Commerce - Accounting And Auditing
Bombay University
IndiaCertified Public Accountant (CPA) - License # 22818
Massachusetts Board of Public Accountancy
MASkills
- Comprehensive Financial Analysis
- Revenue Recognition Expertise (ASC 606)
- M&A Transaction Management
- Sales Finance & Contract Review
- International Business & Compliance
- Tax Strategy Development
- Liquidity Management Expertise
- Governance Framework Management
- Execution of Financial Systems Solutions
- Profitability Improvement Initiatives
- Risk management
- Internal controls
Affiliations
- Member of Orlando CEO Club
Timeline
Corporate Controller | Head of Finance - US and India
Avesha Inc.
01.2020 - Current
Global Financial Controller
QSR International (Americas) Inc.
02.2019 - 10.2020
CFO Consultant & Advisor to the Board
Bola Technologies Inc.
01.2017 - 01.2022
Chief Financial Officer
Erving Industries Incorporated
07.2016 - 11.2017
Director of Finance and Administration | Head of Finance
Chitika Incorporated
01.2012 - 01.2016
Director of Accounting - Optical Communication Division
MRV Communications Inc.
12.2010 - 04.2012
M.S. - Accounting
Bentley University
M.B.A. - Business Administration in Financial Management
University of Poona
Bachelor of Commerce - Accounting And Auditing
Bombay University
Certified Public Accountant (CPA) - License # 22818
Massachusetts Board of Public Accountancy
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