Saimit Sareen Email & Phone Number

India

As the Senior Vice President of Finance at Zopper, a leading InsureTech startup backed by prominent investors, I played a pivotal role in driving financial strategy and operational efficiency. My leadership was instrumental in steering the company through a period of rapid growth and preparing it for future listing aspirations.Key Achievements:Fundraising: Raised INR 350 million to address working capital needs by securing funds from various sources, including PEs, VCs, Debt Financing, Banks, and NBFCs.Process Optimization: Streamlined financial operations, enabling the finance team to manage 2x business volumes without increasing headcount.System Implementation: Successfully implemented SAP and integrated it with existing systems, significantly improving transactional efficiency and data accuracy.Strategic Planning: Prepared and presented the Annual Operating Plan (AOP) to the Board, aligning departmental objectives with the company’s revenue goals and profitability targets.Cost Management: Introduced a data-driven monthly review process that maintained costs within budget, contributing to sustained financial health.Tax Efficiency: Restructured group companies, leading to significant tax savings and optimization across the organization.Responsibilities:Led all aspects of financial management, including financial modeling, budgeting, forecasting, and cash flow management.Negotiated new business contracts with a keen focus on enhancing profitability and operational efficiency.Collaborated with department heads to ensure alignment with the company’s overall strategic goals.

Gurugram, Haryana, India

Strategic Expansion: Orchestrated office expansion strategies, yielding significant tax incentives.Capital Management: Actively leading working capital management initiatives, with a keen focus on monitoring receivables, payables, and cost optimization.Data-Driven Insights: Pioneered the automation of various MIS models, enhancing resource utilization, productivity analysis, and providing streamlined Finance and HR dashboards.Financial Oversight: Conducting rigorous monthly reviews of P&L and balance sheets, ensuring accurate account reconciliations and safeguarding financial integrity.Financial Modeling: Crafting comprehensive budgetary and financial models to gauge and elevate the organization's financial performance.Regulatory Compliance: Ensuring alignment with Group Financial Manual IFRS & Indian Laws by meticulously finalizing balance sheets.Audit Liaison: Navigating and ensuring seamless compliance with diverse audit requirements, while fostering collaborative interactions with Internal, Statutory, Tax, Transfer Pricing Audit entities, and facilitating due diligence processes.Performance Monitoring: Producing incisive monthly dashboard reports, spotlighting key performance metrics, including profitability and utilization metrics.Business Guidance: Identifying potential areas of financial vulnerability and proactively advising business leaders, leveraging cash flow analysis and stringent cost control measures.

Delhi, India

During my tenure at Actis, I delved deep into the intricate aspects of fund accounting and investment analysis, driving both operational excellence and strategic insights:Investment Modeling: Pioneered the development of intricate models for the investment teams. These models were specifically designed to assess the nuanced impacts of exit timing and exit value on the fund's Internal Rate of Return (IRR), providing crucial insights for strategic decision-making.Investor Relations: Spearheaded investor reporting, delivering transparent and timely insights. Fostered robust relationships through direct interactions, addressing investor queries on portfolio performance and outlook with clarity and precision.System Implementation Leadership: Played an instrumental role in the realm of system implementation, taking charge from inception to completion. My involvement spanned the entire Software Development Life Cycle (SDLC), ensuring that the systems were not only efficient but also tailored to meet the unique needs of the financial domain.My time at Actis was marked by a harmonious blend of analytical prowess, operational efficiency, and stakeholder engagement, setting new benchmarks in fund accounting and analysis.

Gurugram, Haryana, India

Alright, let's craft a comprehensive description of your role in statutory audits at EY, highlighting the major clients you audited:Statutory Audit AssociateErnst & Young (EY)(Starting Month, Year – End Month, Year)At EY, I was entrusted with the pivotal responsibility of conducting statutory audits, ensuring transparency, compliance, and financial integrity for our esteemed clients. My role involved rigorous financial assessments, in-depth analysis, and meticulous reporting, ensuring our clients met the stringent standards set by regulatory bodies.Key Clients & Engagements:Valvoline Cummins Limited: Conducted comprehensive financial audits, ensuring adherence to accounting standards and regulatory compliance.The Lalit Group of Hotels (Bharat Hotels): Led a team in auditing the hotel chain, ensuring financial statements accurately represented the company's financial position and performance.Hitachi Metglas Private Limited: Spearheaded the audit process, diving deep into financial transactions and ensuring transparency in reporting.Global Logic India Private Limited: Played a crucial role in analyzing financial statements, validating the integrity of financial records, and ensuring compliance with industry standards.IKEA Trading (India) Private Limited, ITH Limited: Managed the end-to-end audit process, from planning to reporting, ensuring the retail giant adhered to both local and global financial standards.Throughout my tenure at EY, I remained committed to upholding the highest standards of audit quality, ensuring our clients' financial statements were both accurate and compliant, reflecting the trust and confidence placed in us by stakeholders.

Master'S Degree, Accounting And Finance

Bachelor Degree, Business/Commerce, General