Smita Shetty Email & Phone Number

Mumbai, Maharashtra, India

Led strategic initiatives, driving development of a sustainable revenue model to optimize operational efficiency & scalability and introduced innovative templates to automated critical processesOrchestrated the creation of the company's website and LinkedIn page, strengthening its digital presence and market positioning.Played a key role formulating templates for investor reporting, internal monitoring, and in-depth stock analysis.Provided strategic consulting to a… Show more Led strategic initiatives, driving development of a sustainable revenue model to optimize operational efficiency & scalability and introduced innovative templates to automated critical processesOrchestrated the creation of the company's website and LinkedIn page, strengthening its digital presence and market positioning.Played a key role formulating templates for investor reporting, internal monitoring, and in-depth stock analysis.Provided strategic consulting to a range of clients, including an emerging healthy snacking Indian co. and Egyptian beverage co., focusing on process optimization and financial operating models respectively. Show less

Dubai, United Arab Emirates

Explosives Sourcing and Negotiation:Led the strategic sourcing initiative for explosives, encompassing multiple high-value projects.Engaged in detailed negotiations with major suppliers, including Modern Chemicals and Saudi Chemicals. This involved critical analysis of Ammonium Nitrate pricing trends, S&P forecast trends, and extensive evaluation of pricing formulas.Identified savings of 40 million SAR through meticulous review of Prillex and Kemulex pricing.Performed… Show more Explosives Sourcing and Negotiation:Led the strategic sourcing initiative for explosives, encompassing multiple high-value projects.Engaged in detailed negotiations with major suppliers, including Modern Chemicals and Saudi Chemicals. This involved critical analysis of Ammonium Nitrate pricing trends, S&P forecast trends, and extensive evaluation of pricing formulas.Identified savings of 40 million SAR through meticulous review of Prillex and Kemulex pricing.Performed in-depth analysis and developed negotiation strategies for Ammonium Nitrate Fuel Oil (ANFO), enhancing procurement efficiency and cost-effectiveness.Mining Services Sourcing and Analysis:Oversaw the sourcing of mining services, emphasizing quality and compliance.Performed market analysis, RFP review, and pricing formula assessment, forecasting future price implications and ensuring contractual fairness.Developed cross-functional teams and negotiation strategies, establishing baselines for internal strategy and addressing non-compliance issues in indexation formulas.Utility Company Process Improvement and Piloting:Conducted a comprehensive review of capital assurance processes, identifying key gaps such as lack of cross-functional planning, unified cost intelligence, and governance in cost estimate evolution.Designed and implemented streamlined processes, introducing Category Management tools for enhanced strategic engagement and visibility.Established a Unit Cost Database as a central repository, ensuring precise cost estimation and sustainable practices.Co-developed tender strategies and market approaches for projects totaling approximately AED 1.2 billion, focusing on cross-collaboration and category management role development. Show less

Dubai, United Arab Emirates

I have led Transformation projects wherein my role was to understand the current operating model, conduct business and data analysis, perform SWOT & PESTLE to identify the challenges and benchmark with the leading practices and design the Target Operating Model and highlight the synergies, cost savings, risks with mitigation plans, FTE requirement based on the benchmarked entities.I have managed large scale projects as a Project Manager with cross functional teams and ensured the… Show more I have led Transformation projects wherein my role was to understand the current operating model, conduct business and data analysis, perform SWOT & PESTLE to identify the challenges and benchmark with the leading practices and design the Target Operating Model and highlight the synergies, cost savings, risks with mitigation plans, FTE requirement based on the benchmarked entities.I have managed large scale projects as a Project Manager with cross functional teams and ensured the timelines and quality of deliverables have been achieved. I was responsible to lead the business process re-engineering engagements that includes identifying gaps and improvements to the business processes as well as providing recommendation and designing the desired state through benchmarking, market research, setting up and revising policies and procedures, and preparing Implementation Road Maps for various entities in UAE, KSA, Oman, Qatar.I was responsible for setting up the Governance and Compliance Function of one the major utility company in UAE which included development of Governance Framework, Functional Target Operating Model. Departmental Structure, Functional responsibilities, Key performance indicators to achieve the departmental objectives and embedded the continuous improvement . I was responsible for developing Delegation of Authority for multiple entities, wherein my role included conducting a thorough analysis of the spend and defining threshold, assigning prepare, review, consult and approve to the respective designation after ensuring compliance to various laws, regulations, standards and Board resolutions. I have led a benchmarking exercise for a leading Free zone authority wherein my role included conducting mystery shopping and survey to provide insights on the transparency and ease of the licensing fees. Further we benchmarked both regionally and globally to identify the cost of registration after normalizing with the standard of living and taxation. Show less

Gcc

Uae

• Conducted Risk assessment across all functions for various entities and developed a risk based Internal Audit Plan for 3 years.• Independently carried out various internal audits such as Finance, HR, Procurement, Facility Management, Business Development, Government/Registry Services, Strategy, Marketing, Sales, Operations etc. across industries and was responsible for presenting the Report to the management and agreeing on the risk and recommendations highlighted.• Conducted Finance… Show more • Conducted Risk assessment across all functions for various entities and developed a risk based Internal Audit Plan for 3 years.• Independently carried out various internal audits such as Finance, HR, Procurement, Facility Management, Business Development, Government/Registry Services, Strategy, Marketing, Sales, Operations etc. across industries and was responsible for presenting the Report to the management and agreeing on the risk and recommendations highlighted.• Conducted Finance audit for an app-based Start-up which had its business in 54 cities in the MENA and Asia, wherein observations pertaining to access rights configuration, revenue leakage of $4.5M were identified. Further through a detailed analysis of the data, loopholes on incentive/referral/promo code programs were identified and reported. Show less

Uae

United Arab Emirates

Dubai, United Arab Emirates

Assisted in first time implementation of IFRS by Indian Companies for projects in Construction, Manufacturing and Banking (NPA) Sectors

Andheri

Assisted in the evaluation of internal control for various business lines (Marine, Energy & Quality Assurance) in the organisation where the scope included identifying risks & key controls, evaluating the design and operation effectiveness & verifying the basis of revenue recognition for projects in accordance with the Indian Accounting Standards;Coordinated closely with tax consultants for Advance Pricing Agreement (APA) submissions and external auditors during the Statutory… Show more Assisted in the evaluation of internal control for various business lines (Marine, Energy & Quality Assurance) in the organisation where the scope included identifying risks & key controls, evaluating the design and operation effectiveness & verifying the basis of revenue recognition for projects in accordance with the Indian Accounting Standards;Coordinated closely with tax consultants for Advance Pricing Agreement (APA) submissions and external auditors during the Statutory Audit.Further designed and developed stage wise process (templates) for quick reference during service tax and VAT payments. Show less

Mumbai Area, India

Engaged in various internal and external audit assignments which enabled me to understand the accounting and internal control system of different companies. The scope involved preparation of process understandings, Risk Control Matrix, Test Plans to determine the operating effectiveness of controls;Involved in the VAT registration, calculation and payment of VAT, quarterly filing of VAT returns for various client

Bandra

Chartered Accountant, Chartered Accountant

Advanced Diploma In Management Accounting, Management Accounting

Scored 90% Ranking 2nd in Country and 9th Globally

Diploma Ifrs

Bachelor Of Commerce (B.Com.), Bachelor Of Commerce