Financial Management

Ravi M. Mahadeva ** Coolidge Avenue, Norwood, MA *2062, United States

ac0ql1@r.postjobfree.com • Cellular: 617-***-**** • Home: 781-***-****

Professional Experience

MFS Investment Management, Boston, MA January 2016 to To March 2017

Sr. Financial Planning Analyst – Contract

• Performed monthly forecasting of expenses budget & KPI operating expenses & revenue “telling the story” commentary on variance, cost drivers, head count for mutual funds expenses analysis.

• Ensured accuracy & integrity in monthly closing including accrual, prepaid amortization activity, reported prospectuses on funds financial performance, financial reporting package, updated in dashboards & metrics.

• Served as business partner to the auditors and prepared analysis, presentations & reviews for business feasibility decision in current & past trends business profitability for LT/ST decisions and business models.

• Constructed financial modeling utilizing Hyperion Essbase & Excel effectively supported for operating expenses.

• Provided information on board package, budget enhancements & process improvements to improve efficiency.

• Build business models “What if” & “Out of Box” thinking techniques to identify business inefficiencies and enhance current infrastructure to improve business models & control cost structure.

• Prepared Quarterly Financial Review (QFR) / operational forecasts package, Source of Earnings (SOE) and other internal & external management reporting / presentations for senior management passion for new ideas.

State Street Corporation, Boston, MA August 2012 to December 2015

Sr. Financial Planning Analyst – Contract

• Actively participated in month-end close, preparing journal entry account reconciliation, variance analysis, providing business units with financial commentary and financial trends for month end results.

• Responsible for financial /statistical modeling to ability work with large amount of data from various source and supported management with business reporting using SAS – EBI Enterprise Business Intelligence & Analytics.

• Utilized Hyperion Essbase to drill down activities and provided financial analysis on income statement, balance sheet items, and researched responses to inquiries from management and supporting units.

• Maintained business partner relationship with corporate executives on behalf of FP&A to facilitate effective information and shared planning process made monthly calls to functional controllers for follow up.

• Owned all aspects of corporate forecast, monthly reporting, financial planning operating expenses and capital expenses quarterly adjusted EBITDA.

• Done UA Testing of Oracle general ledger structure, cost center maintenance, chart of accounts hierarchies,

contributed to reengineer the reporting structure including system integration and implementation.

• Reconciled inter-company accounts, managed capital accruals pre-paid accounts, Sarbanes Oxley controls, identifying risk and controls, maintaining process flow & fixed assets capitalization for a global company.

Sun Life Financial Inc., Wellesley, MA August 2009 to June 2012

Sr. Accountant / Financial Analyst

• Delivered accurate and timely financial information, analyzing and reporting activities using Oracle ledger system and Hyperion Essbase for US GAAP, IFRS, Re-insurance accounting, NAIC Statutory accounting basis.

• Prepared supporting investment schedules for the NAIC reporting requirement, including AVR and IMR calculations, general interrogatories, impairment, assets, liability, analyzed AUM, IBNR, surplus, statement of income, cash flow and special deposits for seven legal entities and three separate accounts.

• Filed timely and accurate statutory quarterly and annual statements, as well as all related filing of supplemental reports, financial statement analysis and responded for the auditors questions quarterly / Year end.

• Developed deep understanding of accounting policies, systems and controls to ensure the accuracy of the reported financial information and consistency with governing accounting and legal rules, pronouncements and regulations of global risk management compliance. (i.e. Basel III, OFAC Compliance, Dodd-Frank Act & SSAP)

Aspen Specialty Insurance Management Company, Boston, MA February 2007 to April 2009

Sr. Accountant / Financial Analyst

• Executed the month-end close process by posting general ledger journal entries in accordance with GAAP & NAIC statutory reporting, including impairment & re-insurance ceding & Loss reserve calculations.

• Compiled and input monthly and quarterly investment journal entries for statutory GAAP, prepared supporting schedules for statutory fillings, and reconciled custodian holding balances.

• On a monthly and quarterly basis, prepared and reviewed reconciliations and schedules and analyzed other than temporary impairment (OTTI) analysis for investments activity to suggest impairment recommendations.

• Prepared financial statements according to SOP 98 -1 Capitalization rules for deferring technology cost and ORI.

• Provided the analysis needed for customized benchmark solutions and forecasting of investment revenue characteristics, various attributes including product growth, premiums, tax and return.

John Hancock Life Insurance Company (U.S.A), Boston, MA April 2005 to January 2007

Sr. Accountant / Financial Analyst

• Accountable to ensure the accuracy of all financial information relating to Canadian GAAP, US GAAP and NAIC – Statutory basis legal entity reporting using Oracle ledger system and Hyperion Essbase.

• Ensured that there were adequate accounting model procedures and controls in place to extract financial information by interacting and communicating with various business unit partners including re-insurance.

• Reconciled separate accounts to general ledger and researched and resolved issues with business units.

• Maintained security lending, overnight short term investment, ceded reinsurance exposures, Surplus, Loss reserves, Unearned premiums, Leverage ratios, Derivatives contracts reserves, Accrued expenses.

• Responsible for the analysis of financial results, cash-flow, separate account review verification in balance sheet, auditing of financial statements and 10Q, 10K and NAIC footnotes for Investments and SEC reporting rule / requirements relevant to insurance industry.

• Contributed to quarterly analytics review package and dashboards to each product and market, system upgrades, changes in reporting requirements and corporate driven initiatives.

Coverys – Formerly ProMutual Group, Boston, MA March 2001 to April 2005

Sr. Accountant / Financial Analyst

• Responsible for the timely and accurate preparation of statutory financial statements including Schedule D, monthly, quarterly and annually as required by NAIC format and regulatory agencies.

• Partnered with department heads to develop and design strategic goals, objectives, budgets, forecasts,

Performed financial modeling to facilitate investment decisions and profitability analysis.

• Analyzed investment activity to suggest impairment recommendations to management, worked in a fast paced, challenging and collaborative team environment with multiple and competing priorities.

• Coordinated year-end audit functions with back-up schedules and investment work papers for DOI examinations.

• Assisted with the implementation of internal controls and detailed specifications for a new business processes, re-insurance, were employed to ensure compliance with established policies and procedures.

• Function as key business partner with trading, portfolio management, risk management, security lending operations, corporate treasury, reinsurance operation, collateral management and cash management.

State Street Corporation, Boston, MA March 1999 to March 2001

Financial Analyst

• Responsible for the monthly reporting posting of all journal entries, inter-company transactions, Inter-company elimination entries and analysis of various expense centers; also performed all monthly closing procedures.

• Maintained a strong working knowledge of GAAP in areas lease, fixed assets, and financial statement disclosures.

• Prepared reconciliation schedules for all balance sheet and profit and loss accounts to assist auditors.

• Performed special projects to improve efficiency, effectiveness and accuracy of financial reporting, and testing; reengineer transaction processing, implemented new applications and upgraded of existing applications.

John Hancock Financial Services, Inc., Boston, MA September 1994 to March 1999

Fund Analyst

• Acted as liaison to the investment team, trading desk, trade settlement, cash forecasting, cash & share reconciliations, collateral movements, corporate actions, AUM calculations and general ledger reconciliations.

• Prepared annual, semi-annual, quarterly financial statements accordance with Investment Company Act of 1940.

• Ensured that trades were in compliance with the investment mandates and restrictions and filled all financial reporting surveys, recommended fund income and gain distributions.

• Reviewed board materials, financial reporting changes and other policies and procedures of funds, participated in the resolution of client issues, fund expense analyses and recommended adjustments.

Education

Brandeis University, Waltham, MA May 2004

Masters of Science, Finance

Emmanuel College, Boston, MA May 1998

Bachelor of Science, Finance

Computer Software Experience

• Microsoft Office products including V-lookup & Pivot Table, Oracle General Ledger, Lawson, PAM for Securities / Mortgage, SunGard Enterprise Portfolio System (EPS), Blackrock Aladdin Platform, Oracle Enterprise Resource Planning (EPR), Oracle Hyperion Financial Management (HFM), Oracle Essbase, Smart View, Qlik View (QV)- Business Intelligence Reporting, Jedox - Simplify Planning, Reporting & Analysis, Oracle Master Data Management (MDM), IBM Cognos Business Intelligence (BI) – Reporting Analysis & Score carding, SAP Concur – Business Expense Management (BEM), Bloomberg, e-Freedom, SAS Enterprise Business Intelligence (EBI).

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