With years of experience in diverse industries, I am a finance leader who delivers strategic financial guidance and drives organizational success. I hold both the CPA and CA credentials, demonstrating my financial acumen, leadership, and analytical skills. As the Finance Lead at LoveLocal, I transform financial operations, optimize processes, and implement robust financial controls to enhance the performance of the local commerce platform. I also work with cross-functional teams to support the growth and expansion of the company, enabling more local businesses to thrive in the digital economy. I am passionate about leveraging my skills and experience to contribute to the mission and vision of LoveLocal, a dynamic and growth-focused organization.Director of Finance with 12+ years of experience in Financial Modelling, Internal Control Implementation, Budgets, and Financial Reporting. Proficient in Fundraising, ERP Implementation, IndAS Implementing, Investor Relations and MIS. Boasts a highlight career achievement of raising $90M in funds for a Healthcare SaaS company to fuel its growth.
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Head Of FinanceSevenloop (Ximkart)Bengaluru, Ka, In
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Head Of FinanceLovelocal Mar 2023 - Aug 2024Bengaluru, Karnataka, IndiaEngineered data-driven business model, boosting customer acquisition by 35% and revenue growth by 25%.Engineered comprehensive HR, finance, and administrative policies & procedures, reducing process errors by 40%.Collaborated with stakeholders in conducting Bi-annual Business Performance Reviews, driving a 20% improvement in KPIs alignment with strategic objectives.Led financial audits, achieving 100% accuracy in financial statements, consistently finishing audits ahead of schedule.Conducted comprehensive accounting reviews and ensured compliance with GST, Direct Tax, and other statutory regulations.Developed a comprehensive Financial Plan, establishing 30+ KPIs to evaluate actual expenditures, revenue, and performance. Implemented financial forecasting models, improving accuracy by 20%. -
Avp - FinanceMedibuddy Jun 2021 - May 2023Bangalore Urban, Karnataka, IndiaImplemented Zero based budgeting system, streamlining financial planning and reducing errors by 30%.Led successful implementation of IFC/ICFR controls under Companies Act 2013, ensuring 100% regulatory compliance.Evaluated Accounting & Compliance, driving 100% accuracy in GST, Direct Tax & Statutes.Implemented ABC Analysis of Customers, reducing receivables aging from >140 days to approximately 60 days.Implemented strategic tax planning, reducing tax liabilities by 15% and ensuring timely compliance.Spearheaded financial due diligence for the company's $90 million fundraise.Presented clear, concise financial reports to founders, 15+ investors, and the board of directors.Expertly championed capitalization of internally generated software intangible assets, resulting in $5M valuation. -
Associate Director Of FinanceSorting Hat Technologies Private Limited Mar 2020 - May 2021Bengaluru, Karnataka, IndiaLed comprehensive review of company-wide accounting and compliance processes, identifying $500K in potential monthly savings.Spearheaded company-wide audits, ensuring 100% regulatory compliance and reducing financial risk.Led monthly books closure for $10M+ revenue division, ensuring 99% accuracy in MIS reporting.Led ERP implementation, achieving 95% automation in financial operations, streamlining Ind AS & IFC compliance.Led IndAS Implementation project, training 10+ team members, boosting financial reporting efficiency by 25%.Implemented a P2P software and integrated it with Accounting ERP, reducing Vendor-level Annual Financial Plan upload time by 30%.
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Agm - FinanceRentomojo Feb 2018 - Mar 2020BangalorePrepared and finalized Financial Statements with 100% accuracy. Completed audits on time within statutory deadlines for 2 consecutive years.Implemented automated purchase accounting, enhancing Inventory record accuracy & optimizing the monthly books closure time by 3X.Led 10+ finance professionals, achieving 98% team satisfaction and zero compliance penalties.Averted a 5 Cr penalty by successfully negotiating with the IT Commissioner. -
Finance ManagerTest Yantra Software Solutions Limited Apr 2016 - Feb 2018BangaloreDeveloped and maintained financial models for 15+ projects and divisions, optimizing financial performance and enabling strategic decision-making.Led successful implementation of internal financial controls (IFC) & Indian Accounting Standards under Companies Act 2013, ensuring 100% compliance.Conducted comprehensive accounting & compliance review for GST, Direct Tax, and statutes, ensuring 100% compliance, while Company adapted to GST Laws.Established an Australian entity, driving 35% increase in business opportunities from AUS. -
Asst ManagerPwc Sep 2013 - Mar 2016Bengaluru Area, IndiaLed large corporate audit engagements, ensuring 100% compliance with regulatory standards.Coordinated for cross-national projects for translation of Financial Statements from Indian GAAP to US GAAP & IFRS with 100% accuracy.Spearheaded financial statement reviews, ensuring accurate reporting and 100% compliance with GAAP standards including IFRS, US GAAP & IndAS.
Sharat Bhat Education Details
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Cpa Australia ProgramAccounting And Finance -
Bachelor Of Commerce - Bcom
Frequently Asked Questions about Sharat Bhat
What company does Sharat Bhat work for?
Sharat Bhat works for Sevenloop (Ximkart)
What is Sharat Bhat's role at the current company?
Sharat Bhat's current role is Head of Finance.
What schools did Sharat Bhat attend?
Sharat Bhat attended The Institute Of Chartered Accountants Of India, Cpa Australia Program, Bangalore University.
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