Jagat Parekh

About Jagat Parekh

I am a strategic and accomplished corporate finance executive with a proven track record of global financial reporting, financial planning and implementing innovative initiatives that were key to organizational success. Dedicated to achieving efficient financial operations I spearheaded a shared services model and integrated automation and paperless solutions that enabled scaling and improved quality, accuracy, and timeliness of financial reporting. My experience includes performing extensive research and due diligence for potential global mergers and acquisitions (M&A), and building accountable, responsive global teams. Through strategic tax planning, I significantly lowered EXL’s effective tax rate and generated millions in research and development tax credits. I am also responsible for managing payroll operations for North America, UK & Ireland.As a finance executive with the proven ability to plan, scale, and build a company I am in a position to assist organizations needing to achieve manageable growth. Core Competencies:> Global Financial Accounting & Reporting> Profit Enhancement Initiatives> Compliance & Risk Management> Automation and Integration > Budgeting, Forecasting & Analysis> Shared Services Strategic Alignment> Policy, Process & Procedure Creation> Project Planning, Development & Implementation> Payroll Operations

Experience

1. Vice President, Accounting & Finance (2017-present) Savp, a & F (2012-2017) AVP, a & F (2009-2012)

   EXL

   Jan 2009 — Present · New York, NY, US

   Lead accounting, finance, and tax functions for EXL Service, a public operations management and analytics company with 25 global legal entities and employees. Direct 8-person onshore team and 50-person offshore team, manage US, UK, and Colombia geographies comprised of 12 legal entities, and oversee controllership and accounting for 100% of EXL’s annual revenue. Conceptualize and drive strategic initiatives; establish standards, policies, and procedures; set goals and business metrics; review and deliver monthly financials to executive team; and manage multi-million-dollar controllership and tax operational budgets. Develop and direct comprehensive due diligence efforts related to potential M&A transactions.>Integrated automation and paperless operations into financial operations that enabled scalable growth.>Created shared services model and built 50+ person offshore finance team that saved 60% to 70% annually with no reductions in work quality, compliance, or productivity.>Achieved 13 consecutive years of clean financial audits and ensured robust SOX and internal controls.>Serve as authorized signatory on SEC compliance issuances and partner with SEC compliance team to review filings, including 10K, 10Q, and Proxy.>Recognized for innovative and effective financial leadership, including “Finance Leader of the Year” award in 2011.>Collaborated with attorneys and bankers to produce data required for S-1 filing when EXL went public.>Reduced effective tax rate (ETR) 20% by crafting and implementing holistic ETR optimization strategy.>Pioneered use of R&D tax credit.>Realigned and optimized global transfer pricing matrix.>Consolidated EXL companies to achieve tax benefits and reduce costs and compliance risk.Core Competencies: Accounting Principles | Global Tax Structures | Controllership Oversight | M&A Due Diligence | Strategic Initiatives | Automation Integration | Global Transfer Pricing Strategies | Corporate Financial Integrations

Education

• University of Mumbai

  Bachelor of Commerce - BCom, Accounting