Rajeshree Poshtiwala

(email) ad4ba5@r.postjobfree.com (cell)551-***-****

SUMMARY

Senior financial manager with 19 years of experience in budgeting, forecasting, accounting, proposal preparation, contract management, finance project management, auditing practices, and merges and acquisitions.

WORK EXPERIENCE

HP TX

Finance Project Manager March 2022 – Present

Provide leadership to handle SAP stabilization project for revenue recognition and cost-related month-end close (MEC) and Quarter end close (QEC) system issues.

Facilitate conversations with a cross-regional SWAT team (AMS/EMEA and APJ/EMEA) that has the right SMEs to identify the issues, impact, and root causes to prepare the mitigation plan or solution as needed to process the MEC/QEC

Construct a comprehensive list in the tracker so those can be resolved effectively and efficiently.

Evaluates user needs and system functionality, ensuring FIS (Finance Information Systems) meets those needs.

Coordinate with the Revenue Recognition team and IT management to establish and gain consensus on project goals, objectives, and deliverables.

Interfaces with top management for requests for financial data, resolving reports, and compliance issues.

Develop and execute work plans obtaining authorized resources to ensure all project activities are performed.

Communicate project progress by producing project reports to provide timely and accurate project status and decision support information to Executive Management, IT Senior Management, and the project team.

Finance Project Management for Commerce Finance Engineering Led launches and related projects.

AINS INC Gaithersburg, MD

Senior Financial Manager Oct 2010 – March 2022

Provided leadership for the financial analysis, pricing, contracts management, and finance projects management functions of the company by managing contracts, projects budgetary, accounting, and auditing activities for government and commercial contracts with an annual budget of $40 million in revenue with a staff of 162 employees to ensure cost-effective support.

Handled financial management of medium to a large size many FFP and T&M – offering IT services, perpetual licenses, software maintenance, and SaaS product contracts for terms of 1 to 5 years budgets of 500K to $62MM medium to a large size many projects - USAID, DoS, URAC, IRS, EEOC, DoED, DoD, DHS, OPM, DOL, HUD, GSA CMI, DOI, VA, SEC, DHS, Navy, Army, and NIH etc.

Finance and Accounting

Handled yearly, quarterly, and monthly financial reports, budgeting, forecasting, planning process, and profit projections

Responsible for managing the month-end close process including communicating timelines of reporting to finance and accounting teams, reviewing journal entries, and balance sheet account reconciliations, reviewing various reconciliations as part of the monthly/quarterly/annual close process, and providing variance analysis, maintained amortization schedules, fixed assets schedule, prepaid commission accruals, G&A accruals, cash, prepaid, and tax entries

Reviewed P&L reports and assisted with cash flow management and reporting

Provided financial leadership to the business, helping profit drive growth

Developed long-range financial models in collaboration with the management team

Coordinated weekly meetings with the sales team, and proposal team to project bookings for new customers’ sales, cross-sales, and additional sales to prepare revenue forecasting

Prepared contracts backlog, and revenue waterfall (revenue income, deferred revenue, unbilled revenue) for multi-years by following ASC 606 compliance for SaaS, maintenance, and IT services

Prepared recurring revenue model to handle actual vs. forecast recurring (SaaS, O&M services, maintenance) revenue matrix by calculating monthly recurring revenue (MRR), annual recurring revenue (ARR), churn, upsell, and retention

Provided thought leadership and insight into executive-level decision-making through deep analytical insight such as reviewing financial reporting packages and monthly results to analyze variances and trends to create pro forma financial models for evaluating M&A opportunities for CFO

Collaborated across organizations/functions, including sales, operations, and project management

Hired, trained, motivated, and evaluated accounting staff

Supervised accounting staff by ensuring that they complete all tasks accurately and on time (accounts receivable, accounts payable, GL, FP&A)

Facilitated internal, external, and DCAA audits

Price Proposals

Reviewed RFP/RFQ (Commercial and Government) with the proposal team

Summarized the key pricing requirements

Discussed statement of work, key resources, level of efforts, and deliverables with the CTO and PMs

Analyzed cost and profit to take the potential investment decision before preparing the pricing

Established the selling rates

Prepared a price proposal by meeting all contract requirements to achieve specific Pwin ranges (prepared a price proposal for the USAID ITIS Operation and Maintenance contract for five years and won the award for five years in the amount of $62 Million)

Ensured pricing accuracy for recompetes and follow-on work

Tracked and communicated the status of deal development to ensure proper internal and external expectations on proposal delivery

Finance Contracts Management and Finance Projects Management

Coordinated with the operation team, project managers and program manager at various stages of IT services pricing and financial stages in the project life cycle including reviewed awarded contracts’ price and requirements, assessed progress, budget, risks, issues, and financial metrics to provide them with timely decision data

Developed a budget for each project that included the direct labor, resources, deliverables, ceiling, funding, cost, estimated at cost (EAC), internal rate of return (IRR), net present value (NPV), profit to successfully execute the project

Lead the creation of monthly and quarterly projects and financial business reviews to provide insight into the business

Coordinated set up of the project and contract modules, including assignment of rate sets, plans to activities, work breakdown structure (WBS), the setup of contract lines, and establishment of billing / revenue limits

Reviewed monthly contract status reports (MCSRs)

Reviewed and approved work movements and changes, and final remaining revenue adjustment for assigned projects

Tracked project schedules to ensure milestones are met on time or adjusted as required and billed them on time to generate revenue for the company

Conducted weekly review and analysis of assigned projects, including tracking deliverables, project schedules, budget, plan vs. actual ceiling, funding, revenue and cost, billings, revenue recognition, project performance variances, unbilled/unearned reconciliations, and monthly compliance reports

Ensured project journal, risk and mitigate register, change log, contracts’ deliverables exception reports, projects’ ceiling, funding, revenue, unbilled/unearned, write-offs activities, and financial adjustments are properly documented, reviewed, and approved

Ensured review and completion of project check-off list throughout the project lifecycle (from kick-off meetings to close-out the contract)

Prepared briefing slides and artifacts (project concepts, charters, resources plan, project budget plan vs. actual, billing schedules, projections of growth and profitability) for the management team and the board of the company

Received, prepared, and reviewed subcontractor/consultant purchase orders and task orders

Assisted in creating contract codes in timekeeping systems based on deliverables, CLINs or tasks to track the labour cost for each project

Prepared and managed project-related reports– earned value management (EVM), capitalization report, and ABC reports

Maintained SAM registration, D&B credit report, government schedules, contract vehicles, BPAs (GSA schedule, OPM BPA, Eagle II BPA, DOL BPA, and CIP- SP3 BPA, etc.)

Analyst, Mergers Acquisitions

Played a key role in financial modeling including preparing P&L, revenue waterfall, sales pipeline, due diligence, negotiation, investment approval, and post-close monitoring for M&A transactions

HAS LLC Rockville, MD

Accountant Jan 2010 - Oct 2010

Responsible for reviewing bank reconciliations

Processed journal entries

Assisted in payroll, sales tax, property tax, and general accounting

Generated weekly, semi-monthly, and monthly payroll for 200 employees of 30 clients

Analyzed, examined, and interpreted records, compiled financial information, prepared financial statements, and discussed with the CEO to prepare the tax returns

American Psychological Association Washington, DC

Accountant Oct 2007 - Jan 2010

Prepared intercompany general entries and bank reconciliations

Analyzed unidentified transactions to apply to correct accounts

Applied payments to invoices and analyzed the affiliates' revenue accounts

Addressed complexity of issues requiring immediate attention and resolution

Prepared daily cash receipts deposit statements

Assisted in identifying company-6 (donation) payments, MISC (in-house) payments, credit memos, web orders, and IC verify (credit card)

EDUCATION

Bachelor's degree in Accounting University of Maryland - (2010)

Associate in Accounting Montgomery College - Germantown - Germantown, MD January 2007 to September 2008

PMP, CPCM (completed 40 credits), CFCM (completed 40 credits), and CCCM certificates in Progress

Complete training for CGFM 48 hours credit

SKILLS

Understand contract design and structure to include: FFP, T&M, MAS, IDIQ, etc.

In-depth knowledge of the FAR and DFAR

Comprehensive knowledge about project financial life cycle

Knowledge of generally accepted accounting principles GAAP) and the cost accounting standards(CAS)

Ability to work in a collaborative environment across multiple departments

Ability to mentor junior staff members

Demonstrated expertise in advanced Excel usage, including pivot tables/charts, lookup formulas, financial modeling, and report building

Strong analytical, critical thinking, and problem-solving skills with the ability to make well thought out decisions

Strong attention to detail, highly trustworthy, discreet, and ethical

Able to work in stressful situations and a multitasker

Developed interpersonal skills, having dealt with a diversity of professionals, customers, and staff members

ERPs and accounting systems knowledge - Deltek GCS Premier, Costpoint, NetSuite ERP, Revloc, SAP, Oracle ERP, PeopleSoft, QuickBooks, and Association+

AWARDS & ACHIEVEMENTS

Received the best employee award at AINS Inc for the years 2014, 2016, 2019, and 2021for the contribution made in winning contracts over $62Million

Listed in the Dean’s list for fall 2007, spring 2008, and fall 2008 terms at Montgomery College, Germantown campus

Honor Student Member of Phi Theta Kappa Honors Society as well as a member of the IIA

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