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Finance, Accounting, FP&A

Location:
Chicago, IL
Posted:
June 16, 2018

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Resume:

NARESH MULCHANDANI, MBA

**** * ***** ****** **** 507, Chicago, IL 60605

Phone: 312-***-****

ac5wkb@r.postjobfree.com

EXECUTIVE PROFILE:

Strategic business sense, uncompromising work ethic, and natural sincerity have helped streamline procedures, effectively handle multiple projects, and mentor and coach direct and indirect reports. Analytical and results-oriented professional; recognized for ability to identify and drive continuous process improvements to reduce costs and enhance quality. KEY COMPETENCIES:

Leadership Management Savvy Financial Management

• Analytical Skills • Business Acumen • Data/ Business Analysis

• Change Management • Process Improvement • Financial Reporting/Analysis

• Relationship Management • Decision Making • Audit Management/Internal Controls

• Staff Development • Strategic Thinking • Technical Skills EMPLOYMENT HISTORY:

Mesirow Financial, Inc., Chicago, IL - October 2004 – Present Vice-President, Performance Management & Data Analysis

– Mesirow Advanced Strategies, Chicago, IL July 2015 - Present

• Responsible for monitoring and forecasting Key Performance Indicators (KPIs) and revenue drivers and maintaining forecasting models.

• Responsible for interpreting trends or patterns in complex data sets and communicating the results to the Executive Committee (EC) by using statistical techniques and data visualization tools (Tableau, QlikView, and Power BI) to facilitate business planning and budgeting decisions.

• Responsible for overseeing the department’s annual budgeting and planning process, collecting the inputs, and comparing the actuals with the budget on a monthly basis; effectively communicate and present the departments critical financial matters to the senior leadership.

• Oversee the Performance Management Team (PMT) responsible for calculating, interpreting and compiling monthly performance measurement reporting as well as aiding in compiling data for new business presentations and ad hoc requests.

• Responsible for oversight and ownership of department’s adherence to and claim of compliance with the GIPS standards; oversee compiling and maintaining performance records for composites including maintaining documentation to support account inclusion/ exclusion decisions.

• Serve as a lead to department’s GIPS working group, which includes monitoring and disseminating new GIPS reporting requirements to stakeholders; assist RFP group and portfolio managers on composite related queries, including construction, membership, and dispersion analysis.

• Lead departments annual GIPS verification efforts, including the coordination and gathering of supporting data requested by department’s independent verifier.

• Assist the CFO with financial projections and analysis of existing programs and policies; assist with special projects, ad hoc analysis and other areas of Finance as needed.

• Collaborate with other business teams including Portfolio Management, Investor Services, RFP and Marketing, and Legal & Compliance to complete ad hoc data requests and regarding the creation of automated reporting. Vice-President, Accounting Manager – Mesirow Advanced Strategies, Chicago, IL April 2011 - June 2015

• Managed a team of seven reports responsible for firm’s accounting and financial reporting, including fund assignments, project coordination, training, hiring and termination recommendations, performance appraisals and career development.

• Reviewed and released Net Asset Valuations (NAVs) and financial reporting for over 45 alternative investment funds.

• Oversaw portfolio valuations and annual financial audits including managing third party administrators and third party service providers.

• Implemented formal accounting policies and procedures that provide the basis for preparing GAAP compliant financial statements and maintain compliance with accounting standards, including ASC 820.

• Recommended, developed and implemented new practices, procedures and systems to improve operating efficiency, reporting capabilities and internal controls.

• Created reporting for the executive committee to facilitate business planning and budgeting decisions.

• Teamed closely with Legal department to design and launch new funds as well as restructure existing products.

• Streamlined the financial statement preparation and review process and reduced the process cycle time by five days, thus enabling existing staff to support growth at no increase in costs.

• Participated in Audit and Tax RFP and recommendations and reduced service provider costs by $1.1M.

• Partnered with the IT department to develop “Valuations Module”, a proprietary system designed to track independent investment valuations to ensure the highest level of accuracy and efficiency in the valuations of all firm’s investments. Senior Fund Accountant – Mesirow Advanced Strategies, Chicago, IL April 2008 - March 2011

• Struck monthly NAVs of managed accounts, fund of funds, and feeder funds and calculated, reconciled, and allocated their associated management, incentive and operational fees.

• Played a key role in coordinating efforts to transition the firm’s administration and custody work from BFG to BNYM.

• Partnered with the IT department to establish the direct data feed from the administrator’s systems to the firm’s data warehouse.

• As a subject matter expert for the firm’s data warehousing initiative; helped drive the business process improvements by participating in business modeling and requirements definition activities, and identified best practices aimed at improving the efficiency of the firm’s operations.

Fund Accountant – Mesirow Advanced Strategies, Chicago, IL October 2004 - March 2008

• Participated in accounting functions and in preparation of financial statements, including collection of NAV and performance information from hedge fund managers and/ or their service providers.

• Coordinated the year-end audit and tax preparations, assisted in client services and manager relations, maintained and maximized use of general ledger system and developed relevant internal reports. Desa Imports & Exports, Inc., Mokena, IL, Executive Intern (Finance and Accounting) June 2003 – January 2004

• Managed $1.2 million budget preparation and administration, accounting, monthly closing of books of records, account reconciliation, and journal entry adjustments.

• Managed the transition from a paper based system to a fully systematized accounting system. Satellite Engineering Limited, Gujarat, India, Manager of Finance and Accounting June 2000 – July 2002

• Supervised a staff of seven responsible for accounting and costing functions, including cost monitoring, preparation of monthly Balance Sheet and Cash Flow Statements and other financial reports.

• Implemented a process to reduce cash transactions resulting in a $50,000 cost saving a year.

• Served as company’s liaison with banks for issuance of documentary credits necessary for managing company’s imports, exports, and working capital needs.

• Led the team for setting up necessary internal control procedures for the business process including generating daily production reports to isolate and eliminate discrepancies in stocks, setting up LAN system to make efficient use of manpower in the accounting office.

Mitec Electricals Private Limited, Gujarat, India, Manager of Accounting July 1997 – May 2000

• Performed monthly close of financial statements, prepared management reports concerning purchases, sales and inventory.

• Examined journal vouchers, general ledger reconciliations, and conducted numerous analyses including P&L variance, inter- company accounts, and aging.

• Managed the firm’s receivables and payables, and all interactions with its external and internal auditors. D. J. Bhambhani & Co., Gujarat, India, Auditor July 1994 – June 1997

• Developed audit plans, coordinated all fieldwork, delegated assignments, and evaluated staff performance.

• Coordinated audit team activities to meet objectives within time constraints, generated statutory accounts, management letters, and audit issues memoranda. Prepared tax returns for corporate entities and individuals.

• Performed a comprehensive set of accounting functions including audit tests for numerous financial accounts, tests of internal controls, evaluation and documentation of accounting systems. Bhambhani & Hiranandani Associates, Gujarat, India, Accounting and Audit Assistant June 1989 – June 1994

• Assisted the audit manager in auditing and accounting functions. EDUCATIONAL QUALIFICATIONS:

Master of Business Administration, March 2018

Major: Business Administration / University of Chicago Booth School of Business, Chicago, IL Master of Science in Finance, March 2004

Major: Corporate Finance and Financial Management / IIT – Stuart Graduate School of Business, Chicago, IL Bachelor of Commerce, June 1994

Major: Accountancy and Auditing / Navgujarat Commerce College, Gujarat, India DESIGNATIONS:

Certified Public Accountant (CPA) August 2004, Certified Fraud Examiner (CFE) September 2010.



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