MEHERZEEN DARUWALA
West Harrison, NY 10604
*****@*****.***
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EXPERIENCE
RBS International Banking and Markets, Stamford, CT (2005-Present)
Finance Manager Americas - Planning, Analysis and Reporting
. Track and report on financial metrics for Key Performance Indicator
Reports, which include commentary on objectives. Analyze trends to
drive organizational improvements with stakeholder engagement.
. Data Analysis, planning and reporting on expense drivers; comment
on variances and allocations
. Recommend courses of action to help the business manage
counterparty relations to increase revenue.
. Partner with various business areas to advice on financial lines
impacting their budgets and forecasts.
. Team Lead for implementation of cross-divisional functional
competency model to reduce costs and facilitate sustainability
objective.
. Global Project Finance Team Lead for implementation of new legal
electronic billing system. Reduced expenses by $2M. Awarded MVP of
team.
. Consolidate and integrate financial processes conversions relating
to mergers and acquisitions - SAP to ORACLE.
. Oversee preparation of monthly, quarterly and annual closing
documents in accordance with GAAP. Integrate with transaction-
related processes and inter-company processing.
. Maintain updated documentation relating to facilities, capital
budgeting and fixed assets, contracts and vendor/customer on-
boarding legal department. Update and revision of finance policy
and procedure documentation.
. Approve footnotes, quarterly and annual documents for NASD filings,
Tax and 1099 reporting.
. Treasury functions related to funding of bank accounts dealing with
multiple currencies and foreign transaction accounting. Cash flow
forecasting resulting in maximum interest and no overdrafts.
. Direct daily department workflow, mentor and manage seven general
accounting analysts, maintaining strong control framework within
global regulatory and compliance models.
. Intrinsically involved in change agenda, with various cost control-
related initiatives within finance and with cross-functional teams.
. Account for all accruals relating to budgets and trends. Income
statement and balance sheet management utilizing EXCEL and Hyperion
software.
. Coordinate with internal/external auditors and regulators like SEC
and FINRA.
Micro Bio-Medics; Division of Henry Schein Inc. Pelham Manor, NY
Divisional Finance Manager (1999-2005)
Planned and managed restructuring workflow for integration of
financial systems to support 25% growth and expansion of corporate
business. Resulted in increased efficiency and controls, reduction in
turnaround times, job diversification, growth and improved morale.
Additional workload was absorbed with no increase in headcount.
Managed finances for subsidiary and satellite offices.
Lead for setup of new SOX controls system for Finance Group. Assisted
global Vice President in establishing and maintaining financial
policies, procedures and controls, in accordance with corporate
compliance.
Partnered with sales heads in preparation, planning and analysis of
budgets and forecasts, including allocation of resources and measuring
of their effectiveness. Periodically analyzed headcount and expenses
related to projects.
Managed and implemented all aspects of new financial software. Systems
included JD Edwards, Hyperion Planning and Enterprise, SAP, EXCEL and
LOTUS and MAS500.
Handled all inter-company transaction processing with 4 corporate
streams.
Interacted with Supply Chain Management to provide Finance support for
implementation of new Just-in-time inventory system. Balance sheet,
Cap-Ex and Income Statement management. Resulted in 7% cost reduction.
Prepared quarterly Risk/Opportunity Analysis Reports for CFO review.
Developed Long-Range Plans and Forecasts for operational and strategic
planning purposes.
Reduced month-end closing time by 3 days with increased automation,
resulting in less review time. Streamlined reports and standardized
reporting formats for greater accuracy and easier management review.
Approved analysis for the preparation of footnotes for SEC reports.
Prepared tax provision statements.
Provided senior management with monthly Finance book, which included
commentary on variances, comparisons versus previous year and budgets,
future forecasts and recommendations on courses of action.
Supervised 2 managers, 1 analyst and 1 senior accountant.
Accounts Payable Manager (1996-1999)
Hired, trained, motivated staff of eight. Supervised all functions of
payables, from invoice coding and processing to reviewing and signing
off on checks to vendors.
Negotiated improved terms with vendors resulting in 8% greater
discounts, increased payment terms.
Initiated Electronic Data Interchange process for invoicing, which
resulted in no increase to staff despite 100% company growth.
Participated in analysis of payables benchmarking and introduced
various new processes that improved productivity and reduced staff
overtime by 10%.
Promoted to Divisional Finance Manager.
Financial Analyst (1993-1996)
Introduced and administered monthly financial analysis reporting
package for senior management. Prepared, corrected and resolved audit
reports to minimize future audit exposure resulting in 0 audit points.
Consolidated 9 business mergers and acquisitions within existing
financial systems and operations.
Spearheaded migration to JD Edwards from PROCOM, which resulted in 15%
cost savings. Conducted variance analysis and presented solutions for
cost controlling. Assisted Finance Director in preparation of budgets,
forecasts and strategic planning reports.
Initiated, created and monitored monthly balance sheet account
analysis. Managed fixed asset and depreciation systems. Prepared bank
reconciliations and handled general banking and treasury transactions.
Promoted to AP manager.
Cory Advertising; Stratford, CT
Controller (1992-1993)
Prepared new daily operations system and procedure for receivables,
payables, and monthly/annual financial statements, reduced external
accounting and audit costs by 60%.
Created and implemented module for profitability analysis. Performed
job cost functions from estimating to billing. Resulted in picking
jobs for either profitability or revenue streams
EDUCATION
MBA - International Business - University of Bridgeport, CT - 1993
MS - Banking and Finance - Sydenham College - India - 1990
BS - Business Management/Accounting - Sydenham College - India - 1989