KHYATI NAYAK

Tel: (***) *** – **** Email: ac19px@r.postjobfree.com

Professional Experience:

Bank Of America Merrill Lynch, Pennington, NJ 11/2016-04/2017

Financial Analyst

Maintaining Tax Lot Accounting methodologies and serve as a liaison between internal units/departments (PBIG, MLSN) in the immediate resolution of all problems related to Cost basis and Capital Change Transactions.

Interpret, process and explain the Taxability information as provided to us from Wolters Kluwer CCH, internal tax counsel and issuer statements.

Extracting, analyzing and investigating tax lot data; processing and implementing global ad hoc data change adjustment by utilizing proprietor financial analysis software and various accounting tools in support of GWIM operations.

Monitor and solve individual account cases by daily Exception Report.

Work with TRS units to process correction to Tax reporting statement to support tax lot accounting for the cost basis and capital changes.

Follow the Cost Basis regulations by updating and maintaining current tax information for unrealized and realized gains/losses activities.

Validate and consolidating 1099 supplement tax statements for GWIM and ML clients as per the government rules and regulations

Daily responsibility : Research, review and updates the cost basis inquires like DOD, VSP, WASH SALES, GIFTS and ASSETS TRANSFER.

Reconcile daily TEFRA, NRA, retirement tax withholding payments

Review daily high volume of emails inquires, providing support for the resolution of internal and external escalation and notifying branch offices of non-compliance issues.

Assisting financial advisors’ and client associates’ regarding Financial Statement and tax basis updates requests of clients’ account.

Maintain clients confidentiality with following strict rules and regulations.

Maintain a positive and professional attitude in a team oriented work environment, with strong analytical and problem solving skills.

Accses NJ & CNA Services, Trenton, NJ 10/2015- 3/2016

Financial Analyst ( A/P, A/R specialist)

Acted as a key liaison to review & process orders for various New Jersey State department offices, University & University Hospital, County Collages, Board of Education and other clients to ensure customers requests are executed at the timely manners.

Generate and processing approximately 250+ A/R and A/P invoices to costumers.

Prepared monthly financial reports including reconciling A/R and A/P balances with General Ledger.

Reviewed orders and Generate General Ledger inventory and customer reports to make sure A/R and A/P matches with outstanding balance on costumer accounts.

Assisted with the month end closing A/P/A/R and make sure all the payments are submitted as per the laws.

Researched & Respond to email/phone inquiries regarding company products and service polices in accordance to clients’ contract, terms and condition.

Adjust the entries as necessary to support documentation for the product cost.

Maintained accurate documentation of existing customer and vendor’s files to support efficient billing and account receivable process.

Reconciled the invoices against sales data to ensure that there are no discrepancies to meet customer expectations.

Monitored process and procedures to comply with the companies Sarbanes Oxley policies.

Proven ability to meet daily high volume workloads in timely manners and support the department function.

Prepared daily/weekly General Ledger to make sure sales order and inventory’s accuracy to be match in the end of the month Balance sheet statement.

Reconciled the bank statement as per the date, time and payment from the client, and also mail the check to the vendor and make sure to clear the account after each order to generate the A/P report.

Worked independently, highly organized, detail oriented and able to multi task in a fast paced work environment.

Maintain a positive and professional attitude in a high-pressure situations and a good team player with cooperative disposition.

Took on additional responsibilities including learning new financial module.

H&R Block, Mercerville, NJ 12/2014 - 4/2015

Tax Associate

Gathered information including W2, 1099 statement, W9, credit exemption certificate, sales tax, property tax and others to prepared individual income tax return with the knowledge of multistate and federal IRS laws.

Obtained personal and financial information (including review payroll tax remittance) from clients; check for completeness and accuracy; use available tax provisions to keep clients’ tax liability to a minimum.

Reviewed the validity all the others forms for the audit purpose.

Keeping clients in compliance with IRS guidelines.

Protected client information at the safe place and keep it confidential.

Reviewed and solved any payment discrepancies between client and Internal Revenue service department.

Knowledge of payroll tax law principals on wages and benefits.

Basic knowledge of corporate tax and limited partnership Government regulation and Sarbanes-Oxley act.

Secure hardware LLC, Brooklyn, NY 11/2009 -3/2012

Financial Analyst (Contracts & grants (NY federal) )

Gathered, analyzed and organized all financial data including revenue forecasting, monthly burn rate to budget variance and Profit and Loss report.

Key person of managing federal contracts funding.

Generated Excel and Access Financial report for compliance department.

Analyzed and reviewed client accounts to ensure client invoicing and accounts reports to meet company financial goals.

Work with the team for budget calculation, analysis and prepared profit and loss balance sheets report.

Processed journal entries and prepared General Ledger analysis to make sure all payroll entries are posted with in the time limit.

Maintained payroll account, payroll tax obligations and reconcile data for yearly audit purpose.

Implemented and generate new accounting processes independently for client with a government grant using advanced computer skills (i.e. Access, Excel).

Prepared weekly /monthly financial report as per the companies requirement and maintained extensive database on a company’s financial records for fast visualization and comparison.

Solicitation of payment on overdue accounts.

High degree of organization, ability to prioritize tasks and multi-tasking skill.

Digital Assembly LLC, Brooklyn, NY 6/2007 – 10/2009

Bookkeeper/Staff Accountant

Ensured accuracy in financial documentation and analyze for annual audit.

Prepared and post fixed asset value in to the General Ledger.

Responsible for the bank Reconciliation regarding the accounts payable, accounts receivable.

Prepared company balance sheet with profit and loss for year end tax returns.

Verified and coded expenses reports, also process reimburse / compensate fees for the student.

Database Medical Billing Systems, Linden, NJ 11/2003 – 10/2005

Medical Biller/claims Analyst

Managed all aspects of benefits administration for health care plan including preparation and maintenance of financial reports as per the applicable rules and regulation.

Researched and resolved reimbursement and other major obstacles like paid/unpaid charges or deduction as identified on the financial reports for assigned payer.

Satisfied doctor, provider and patients by convincing insurance company for 80% of the time to pay for service rendered.

Prepared and resubmit the clients unpaid claims with the knowledge of ICD-9&10 and CPT codes and follow up with insurance company regarding outstanding appeals and determinations.

Inquired to the Insurance Company and get pre certification request for the member.

Maintains confidentiality of patients and related business.

Calculated and monitored the claim report as per the time line, the procedure of billed and the claim paid.

Analyzed and reviewed the medical claim data for audit procedure.

Achieved the highest level of customer service via email, phone calls and in person.

Developed and maintained an effective working relationship with internal / external facility employees and patients, with self-motivated team player.

Semok Pharmaceuticals, Ahmedabad, India 1999-2002

Project Coordinator

Worked with development team and R&D team to developed sales and marketing strategies such as to enhance product line profitability.

Collected and research data, designs procedures and worked with the management team to Increase monthly and annually sales, with the compliance (Legal) guidance.

Initiated and maintained a positive working relationship with customers regarding issues and helping them in areas of inventory management with the timely fulfillment of sales orders.

Maintained the Data Processing reports and financial forecasts to meet annual product goals.

Assisted as a lead to improve financial data accuracy and Proved the project completion in a timely manner.

Demonstrated ability to work in a collaborative/ team environment, also independently handled the problem with Strong project management skills.

Maintained the financial report for the year ending company’s audit and provided general support to project.

Education: Masters in Business Administration, Gujarat University, India 1998

(Specialized in Finance & Marketing)

Bachelors in Business Administration, Gujarat University, India 1996

Certification: Certified Practical Accounting, Union County College 2005

Certified in Tax Management, H&R Block 2014

Technical Skills: Microsoft Excel & Access (Knowledge of V-lookup, H-lookup, Pivot table), People soft,

Microsoft word, Power point, Access, QuickBooks Pro, Sage 50 (peach tree), Outlooks,

Knowledge of GAAP (Generally Accepted Accounting Principal), Financial Concept,

Module and Healthcare Management, Data base system. Advance Excel ( Micros).

ADVANCE SKILLS: Oracle Finance Application Implementation (Chart of Account, General ledger,

A/P, A/R), Knowledge of HIPAA Compliance, Knowledge of SAS and SAP,

NASCO Application Testing, Knowledge of Agile and Scrum, Business Analyst, Quality Assurance.

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