Sonakshi Shetty

Experience

• 

  Ramesh Sunil & Associates

  Feb 2016 - Mar 2019

  Articled Assistant

  During my tenure, I have had the opportunity to handle various assignments namely Auditing, Taxation, Financial Analysis, Bookkeeping, and Company Law Compliance. Roles and Responsibilities handled include:Direct Tax:• Engaged in Tax Audit assignments for Companies, Firms, and Proprietary concerns.• Preparation of Submissions for Income Tax Assessment of Companies, Firms, and Proprietary concerns. • Preparation & e-filing of Income Tax Returns, TDS returns of Corporate and Non- Corporate entities.• Assisted in the preparation of documents for disclosure under the PMGKY scheme, 2016.Indirect Tax:• Registration, filing and audit compliance under Maharashtra VAT.• Preparation of Submissions for VAT assessment cases issued by Sales Tax Department.• Registration and filing of GST Returns, Service Tax Returns, and its compliance. • Providing advisory services on other Indirect Tax matters. Audit:• Statutory Audit of Companies engaged in manufacturing, wholesaling, and service industry.• Statutory Audit of Bank. (The Chiplun Urban Co-Operative Bank Ltd.)• Statutory Audit of a unit of Government Company i.e. C&AG Audit. (The New India Assurance Co. Ltd.)Statutory Compliance:• Preparation and e-filing of Financial Statement of Companies. Ensured ROC Secretarial Compliance.• Filing of forms of ROC like Appointment, Resignation of Directors, Increase in Authorized Share Capital. Others:• Ensured compliance in relation to Formation of Company.• Drafting MOA, AOA for Companies, Partnership deed for formation of Partnership firm.• Independent maintenance and finalization of books of accounts. Show less

• 

  Axis Bank

  Jun 2020 - Jun 2021

  Credit Analyst

  * Handled more than 75 crores of banking exposure in Supply Chain Finance and Small Enterprise Segments.* Assessed creditworthiness of the borrower which includes an initial discussion with the customer for a deep understanding of the overall business, analyzing working capital cycle, the fund requirement, and reasons for shifting bank and business plans.* In-depth analysis of financials through financial ratios like profitability ratios, turnover ratio, gearing ratio, current ratio, cash flow and fund flow analysis, industry comparison, future forecasting through estimation and projections.* Conducted detailed due diligence, Internal credit rating, ROC and RCU verification, analyzed group exposure, Credit history on CIBIL, evaluated banking conduct and utilization of its existing limits.* Prepared Credit Appraisal Memos along with assessing the credit risk to support decision making.* Coordinated and Collaborated with different departments from initiation up to the opening of various Fund based and Non-Fund based accounts* Ensured compliance with banking policy framework. Show less

• 

  ZestMoney

  Sept 2021 - now

  FP&A* Executed product-level analysis and review with detailed segmentation considering the unit economics, customer acquisition cost, NPA estimations, etc.* Provided monthly inputs and support in the preparation and analysis of the MIS.* Ensured that KPIs, insights, and risk areas regarding financial performances were communicated to the management.* Owned the lender revenue projections and analysis, considering factors like loan tenure, disbursals, the cost of funds, and historical trends.* Contributed to the company’s vision of Zemo 2.0 strategy and plan for profitability.Lender liaisoning* Managed 15+ banks/NBFCs along with their monthly revenue calculations. Ensured its timely billing and collections.* Worked alongside the internal lender relationship team to deliver the best possible commercials with banks/NBFCs post RBI’s digital lending guidelines.Automation/ Streamlining* Automated the process of loan book data collection in collaboration with the data engineering team, resulting in a reduction from 7-8 person days to an hour.* Streamlined the core finance and finance operations functions, such as loan cancellation settlements.Audit* Ensured timely completion of due diligence audit with regards to funding, acquisision by investors.* Ensured timely completion of statutory audits, limited reviews, regulatory compliances.* Key areas handled during the audit: Lender revenue, NPA, NPA recovery accrual, unearned revenue, and FLDG calculations.Cross-functional* Proactively reviewed various operational processes, identified inconsistencies, initiated action, and followed up for closure. * Interacted and worked alongside the Management, Lender Relationship, Fin-ops, and Risk team on a daily basis. Show less Responsibilities include but are not limited to the following:* Managing financial reporting, including budgeting, forecasting, financial plans, statutory reporting.* Analyzing and reporting financial performance of the organization.* Developing and implementing accounting policies along with Internal Controls.* Overseeing Cash Flows of the Company and ensuring it has appropriate treasury controls.* Overseeing Account Payable team, vendor payments and Expense provisioning.* Review and analysis of Cost, Profit, Cost centers, Break even analysis, product wise profitability, etc.* Maintenance and documentation of accounting policies and procedures.* Maintaining relationships with external auditors and banks.* Work closely with leadership teams to deliver reports, the analysis findings, potential risk areas and forecast opportunities. Show less

  • Manager- Finance

    Apr 2023 - now

  • Assistant Manager- Finance

    Sept 2021 - Mar 2023