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Manager Accounting

Location:
Naples, Florida, United States
Posted:
August 30, 2017

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Sundeep Thakur, MBA, CPA

** ***** ****, *******, ** 06810

Email: ac1288@r.postjobfree.com Phone: 201.***.****

https://www.linkedin.com/in/sundeep-thakur

career profile

Controller with expertise in leading various facets of finance at Fortune 100 companies. Business partner with track record of delivering results. Exceptional in providing infrastructure recommendations that increase company profitability. Extensive experience in private equity& public company environment, as well as finance leadership in operational and corporate roles.

CORE COMPETENCIES

Financial Performance Optimization – Strategic Planning – Process Improvement/Shared Services

Accounting/Reporting – Team Development – Change Management – 6 Sigma

Corporate Governance – SOX – Internal Controls – M&A – Operational Planning & Execution

professional experience

Hertz Corporation – Estero, FL 1998 to 2017

$9B Fortune 500 vehicle Rental Company (NYSE: HTZ)

Progressed from Senior Finance Manager to Controller, International operations, with complete P&L and Balance Sheet accountability.

Controller, Global Capital Management – Estero, FL (2016-2017)

Oversaw $550M global capital planning process. Implemented best practices and provided guidance to optimize returns.

Reduced time to process approvals from 45 to 14 days by implementing systems tool to manage capital budget.

Improved free cash flows by $9M through strategic management of surplus property including sale & sublease.

Country Controller – Canada (2015-2016)

Responsible for planning, management reporting and controls. Accountability for $400M balance sheet and $145M revenue.

Instrumental in transformation of financial processes. Transitioned payables, receivables & accounting activities to shared services group in the US. Achieved $4M savings in overhead cost.

Established monthly forecast, multi-year strategic plans and metrics reporting.

Controller, International Operations – Park Ridge, NJ (2010-2015)

Led the finance organization in Asia Pacific, Canada, Latin America & Caribbean countries, $900M balance sheet, $400M revenue and 140 locations. 6 Direct reports and 46 finance staff. Successfully drove integrated delivery of financial services.

Collaborated with management to develop comprehensive revenue and cost improvement strategies.

Realized savings of $6M in direct operating cost by reducing vehicle related expenditure. Reduced overhead $9M by realigning staff resources. Improved Pre-tax margin from 9% in 2011 to 15% in 2015 for all countries combined.

Established high performance finance team in Brazil. Restructured processes to achieve cost efficiencies. Improved Pre-tax from -1% in 2011 to +3% in 2014. In-country presence in 2012.

Enhanced banking relationship, improved cash flows and ensured compliance with debt covenants. Ensured GAAP compliance and adherence to SOX policies and procedures.

Provided oversight in carrying out fiduciary and governance responsibilities related to statutory requirements.

Steering committee member for implementation of Oracle & Hyperion Planning Systems.

Developed future finance leaders and started mentorship program for staff with different culture and nationalities.

Sr. Assistant Controller, M&A – Park Ridge, NJ (2008-2010)

Played a key role in leading numerous acquisitions and franchising projects in the US and Asia. Conducted financial and operational due diligence including quality of earnings review. Developed enterprise valuation models.

Successfully closed stock purchase deals including Dollar Thrifty (revenue $1.6B) and Donlen Leasing (revenue $380M).

Consolidated franchisees in Mexico, revenue $95M, into a master agreement. Generated $2M incremental royalty stream.

Implemented franchising data warehouse that retired 80+ spreadsheets, reduced headcount and realized $3.8M savings.

Partnered with PMO to manage performance improvement initiatives. Identified $190M in overhead cost synergies from integration of Dollar Thrifty operations with Hertz.

Assistant controller, North America Car Rental Division – Park Ridge, NJ (2004-2008)

Directed financial planning, budgeting, accounting, reporting and control functions for Off Airport rental segment with $510M

revenue. Managed P&L’s for 300+locations across 6 Regions. Hired/trained staff for multi-site region locations.

Measurably improved KPI’s by identifying key actions and achieving operational efficiencies.

Sundeep Thakur Page 2

Improved contribution margin 2pp by restructuring underperforming operations.

Sponsored 6-Sigma initiatives that produced annual savings of $8M.

Director, Research And Policy, Corporate Accounting – Park Ridge, NJ (2001-2004)

Implemented SOX procedures globally, hired/trained team to conduct reviews and prepared audit committee reports.

Identified key controls and developed global reporting process. Achieved 100% SOX compliance.

Developed Finance Manual with 31 GAAP policies. Introduced policies based on FASB and technical regulatory research.

Supported Internal audit in review of internal controls over financial reporting and successful sign off by PWC.

Senior Finance Manager, Western & North East Regions – Park Ridge, NJ (1998-2001)

Managed day-to-day accounting including monthly reporting and close process for Airport rental segment.

Played a key role in driving performance across the segment by challenging and supporting business decisions.

Ensured the accuracy and completeness of all general ledger account balances thru regular review of account reconciliations.

Initiated process on completing internal control checklists for 200+ Airport locations.

Pepsico Inc. – Purchase, NY 1994 to 1998

$67B Fortune 100 holding company of Pepsi, Frito Lay & Quaker Oak brands (NYSE: PEP)

Manager, Corporate Accounting

Managed accounting for off shore entities. Implemented centralized payable and T&E processes at Corporate headquarter.

Created $2M in annual savings by migrating accounts payables from a 3rd party provider to an in-house solution that processed 20K+ transactions/year.

Coordinated general accounting activities related to spin off of restaurant business (Pizza Hut, KFC & Taco Bell).

Tungtex Holdings – NY, NY 1989 to 1994

$1.4B Hong Kong based Company engaged in manufacturing and sale of apparel

Assistant controller

Supervised staff of 13 engaged in budgeting, accounting, inventory, procurement and reporting for $22M subsidiary.

Evaluated profitability of new retail store openings including setup of financing arrangement with banks and CIT group.

Price WaterhouseCoopers – New Delhi, India 1986 to 1989

Big 4 Audit, Tax and Advisory services consulting firm

Manager, Audit & Business Advisory Services (1986-1989)

Associate Trainee (1982-1986)

Managed all aspects of audit & tax engagements for clients in manufacturing, retail, service, non-profit and consumer goods industries. Advised on tax provisions applicable for foreign entities and expatriates.

education & certifications

mba (Business & Information Technology) - fordham university, new york, ny - 2005

cpa & cgma – the american institute of certified public accountants (aicpa) – 1993

bachelor of commerce, with honors, (economics & accounting) - university of delhi, india - 1982

chartered accountant – the institute of chartered accountants of india – 1986

six sigma champion – ford training center, michigan – 2001



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