Jagat C. Sheth

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Profile

Hands-on experience in management, business leadership and working with board of directors, banks and attorneys. MBA with an established record of success. Initiated and assisted in developing administrative policies which includes recruiting and hiring. Demonstrated organizational and negotiation skills and the ability to prioritize multiple and complex tasks. Proven ability to work independently as well as perform as a team member. Exercise high degree of discretion, mature judgment, and tact in handling issues of sensitive nature. Strong leadership, problem-solving, planning, team building, and project management skills.

Employment

Bay Area Community Health, Fremont, CA Jan 2022 – Dec 31,2022 Associate Chief Financial Officer

BACH Foundation, Fremont, CA Jan 2022 - Dec 31,2022 Chief Financial Officer

Bay Area Community Health, Fremont, CA January 2015 - 2022 Chief Financial Officer

The Chief Financial Officer (CFO) is part of the executive leadership team and reports directly to the Chief Executive Officer. The CFO is responsible for all financial operations of the organization, including the development of financial and operational strategies, ensuring the safety of all organizational assets and ensuring that appropriate plans are in place to ensure fulfillment of corporate objectives, and oversee all financial accounting processes, reporting, internal controls, revenue cycle, and accounting functions. The Finance Department consists of 15 staff. Tri-city Health Center merged with Foot Hill Clinic in June 2020. It formed a new entity called Bay Area Community Health Center, managing a one hundred twenty five million dollar budget with eight hundred employees.

Oversee all financial activity, including accounting, budgeting, cash flow management, and fund management, including aligning financial plans with strategies and business objectives, supporting the development of targeted financial goals, developing spending schedules, and tracking expenditures.

Develop and utilizes forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans

Maintain financial management policies, procedures, and controls; investigates and recommends purchasing financial management system software; develops and maintains a standard chart of accounts and standardized budgets and financials reporting.

Prepare financial statements, including comparisons to budget, project accounting, cash flow statements, and fund analysis, analyzes and reports on financial results; oversees month-end and year-end closing; maintains adequate internal controls to assure the safeguarding of assets and reliability of financial statements.

Ensure legal and regulatory compliance with all financial and contractual reporting requirements for private or public funding, licensing, and regulatory agencies. Jagat C. Sheth

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Coordinate financial relationship with fiscal sponsors, including managing financials and other grant tracking and reporting to be done in coordination with the Development staff and Program Managers.

Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.

Monitor that regular financial and statistical analysis of agency operations are provided to the CEO, Board of Directors, and Executive Leadership Team in formats appropriate to each audience, including monthly budget-to-actual reports and other program productivity reports.

Ensure timeliness, accuracy and usefulness of financial and management reporting for federal and state funders, foundations, and board of directors

Contribute to policy development as a member of the leadership team

Lead the Finance Committee of the Board of Directors to develop short, medium, and long term financial plans and projections.

Clinica de Salud del Valle de Salinas, Salinas, CA 2006 - 2015 Controller

Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.

Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.

Work with the CFO and CEO on the strategic vision and assisting in the development and negotiation of contracts.

Participate in developing new business, specifically: assist the CEO and CFO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.

Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.

Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.

Oversee all purchasing and payroll activity for staff and participants.

Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee federal awards and programs. Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all 403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information.

Assist external Auditors in preparing the Medicare Cost Report, FQHC reconciliation, PPS rate setting.

Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.

Monitor banking activities of the organization.

Ensure adequate cash flow to meet the organization's needs.

Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.

Oversee the production of monthly reports including reconciliations with pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee and Board of Directors.

Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.

Jagat C. Sheth

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Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.

Oversee business insurance plans and health care coverage analysis.

Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with federal regulations. Horn Murdock Cole, Santa Cruz, CA

Consulting Position

Aug ‘05 – Oct ‘06

Harmony Foods Corporation, Santa Cruz, CA

Financial Controller

Managed and prepared the company’s monthly, quarterly, annual financial reports, annual budget and acted as primary audit interface.

Oversaw daily accounting operations; AR/AP/GL credit and collections, payroll and cost accounting, including physical, valuation and reserves of inventory.

Managed the product pricing and margin analysis.

Managed accounts reconciliation, monthly closing process, documentation of business transactions, and prepared weekly flash and borrowing base report.

Streamlined and automated accounting process and procedures.

Implemented accounting staff of ten. Responsible for interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Delivered ad hoc reports as required by upper managed to enable effective financial and operational decision-making.

Aug ’03 – July ‘05

Resources Connection, Santa Clara, CA

Associate

Developed written revenue recognition policies and procedures.

Prepared audit schedules and investors due diligence reports.

Responsible for monthly close and assisted with year end close for a large software games developer.

Assisted with the pre IPO audit by preparing lead schedules.

Performed Balance Sheet account analysis. Responsible for daily cash managed. July ’01 – Jan ‘02

ArcSoft Inc., Fremont, CA

Accounting Manager

Responsible for month-end close, budgeting and forecasting activities.

Performed trend and account analysis, and responsible for cash management.

Assisted with IPO audit for a digital software developer. Mar ’00 – June ‘01

R2 Techonolgy Inc., Los Altos, CA

Accounting Manager

Oversaw month end close, fixed assets, property tax returns, and accounts payable.

Performed trend and account analysis and cash management.

Responsible for standard cost roll-up of manufactured equipment.

Oversaw Benefits administration and prepared Paychex payroll for sixty employees. April ’98 – Feb ‘00

Marvell Semiconductor Inc., Sunnyvale, CA Jan ’98 – Mar ‘98 Jagat C. Sheth

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Senior Accountant, Consulting Position

Envirotest Systems Corporation, Sunnyvale, CA

Senior Accountant

Assisted with month end close, general ledger analysis, fixed assets, and variance analysis.

Assisted in annual planning process and prepared revenue flash reports.

Prepared property and sales and use tax returns.

Assisted in the preparation of quarterly and annual filings. June ’96 – Dec ‘97

Consulting Positions Sept ’95 – May ‘96

Bailard, Biehl and Kaiser Inc., San Mateo, CA

Accounting Manager

Developed financial planning models and organizational objective processes.

Worked with essential field constituents to develop and support a forecasting process that provides management with an appropriate level of detail related to the operations.

Managed monthly close process ensuring that results accurately reflect performance

Planned, tested and implemented system conversion (from Open Systems to SBT). Mar ’89 – Aug ‘95

Education

MBA

Golden Gate University

Masters of Science, Finance and Accounting

Bachelor of Science, Law

Bachelor of Science Advanced Accounting and Auditing University of Baroda, India

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