Accounting Manager
Resume:
Manish Mohta, MBA, CPA
************@*****.***
linkedin.com/manishmohta
** ******** *****, **** *******, NJ 08550
Senior Finance Leader
Seasoned business leader with a proven record of success leading finance, accounting, and operations teams. Extensive, diverse, and progressively responsible experience in public, private, start-ups entities across domestic, global, and outsourced environments. Specific expertise in organization set-up, financial & strategic planning, and process improvements. Recognized for skills in building, leading, and managing cross functional & multi-location teams delivering on project deadlines.
Key Skills
Professional Experience
Triumph Learning, New York, NY 2015- Present
CFO and Chief Operating Officer
As CFO & Chief Operating Officer of Triumph and its parent Haights Cross Communications, Inc. have ownership of the finance, accounting, treasury, information technology, business systems, human resources, and inventory operations. Along with the CEO, provided strategic guidance to the business teams as well as interacted with Board on a regular basis.
Provided guidance & mentoring to the accounting & finance organization that had seen high turnover; leading the team through audit, valuation, as well as the budgeting process.
Led the company’s initiative in exploring merger & acquisition opportunities. Point of contact with the investment bankers as well as coordinated with the internal business teams on the effort.
Partnered with the business heads in the initiative to separate print & digital businesses identifying key business metrics in developing targets and financial plans.
Advised the digital business team in pricing the SAAS model product as well as ensuring appropriate revenue recognition for various deliverable components. Initiated change in accounting policies to ensure reporting was aligned with the two business segments.
Enhanced governance of content & platform investments - initiated stricter controls on the investment process by engaging the teams in healthy review of investment & its returns resulting in a focused content plan & cost savings of $1.5m+
Identified opportunities to generate additional revenue & cost savings
Led review of product pricing as well as other factors like demand and competitor prices resulting in increased price & revenue for our new products
Direct paper purchase saving printers’ markup saved 10% on paper costs
Renegotiated UPS shipping contract to bundle our products with the outsourced warehouse to get to a higher volume tier generating $250k in savings.
Worked with the inventory operations team and outsourced warehousing operations in identifying obsolete and excess inventory resulting in a purge of approx. 3m units generating storage savings.
Manish Mohta, MBA, CPA page 2
Triumph Learning (continued)
On a monthly basis, supervised the preparation of the board reporting package that included quantitative as well as qualitative reporting including the monthly financials of all entities.
McGraw Hill Education, East Windsor, NJ 2012- 2015 Senior Director, Global Accounting & Record to Report Lead
Hired as a Director to manage the U.S. Record to Report outsourcing transition & stabilization. Promoted within 10 months to Senior Director with a global leadership role & took ownership of consolidation, global chart of accounts, merger & acquisition accounting, and co-ordination with FP&A on budgeting & internal reporting. Led Oracle ERP & hardware separation projects with McGraw Hill Finance. Spearheaded the implementation of Blackline Reconciliation tool across the globe, leading the initiative on standardizing processes.
Customer in this role were the CFO, Corporate Controller, FP&A leadership, Treasury, Tax, Auditors, Business Unit CFOs
Corporate Controllership
Set-up & provided leadership to teams managing Fixed Assets, Intercompany, Equity, & Cash Management processes.
Supervised a team of 7 accountants/analysts locally and 25 at the outsourced vendor.
Partnered with supply chain leadership in identifying cost optimization opportunities in the warehousing and logistics processes. Proposed solution saved $2M+.
Financial Reporting
Provided direction to the corporate reporting team on accounting as well as reporting structure in Oracle as well as TM1 reporting tool. Primary contact for external auditors.
Led discussions with PWC on all purchase accounting related to the $2.4B acquisition of McGraw-Hill Education and ensured that it was correctly reported.
Generated savings of $1.5M+ by cash optimization between global entities through intercompany settlements, notes and cash repatriation, in conjunction with treasury and tax.
Project Management
Led a multi-functional team in detailed analysis of intercompany commerce between two main businesses covering 18 months & millions of comingled manual and system transactions. This high-visibility project was sponsored by the CFO & resulted in correct business unit reporting.
Sponsored & led the global implementation of Blackline Reconciliation tool to enhance the control environment. Standardization of the process projected savings of $1M.
Outsourcing
Led the record to report process transition to the off-shore vendor team providing final sign-off on all stages of transition. This initiative generated cost savings in excess of $1M.
Provided guidance on Key Performance Indicators (KPIs) and process efficiency initiatives resulting in 3 FTE cost reduction and shortening the close process.
Mergers and Acquisitions
Business lead for managing the accounting as well Oracle ERP Business Suite split between McGraw-Hill Financial and McGraw-Hill Education.
Guided the domestic as well as international accounting teams through the separation plan, stub period accounting, setting up 60 legal entities across the globe
Supervised & oversaw the accounting and integration of 3 acquisitions and 1 divestiture done since McGraw-Hill Education became a stand-alone entity.
Manish Mohta, MBA, CPA page 3
Quadriserv, Inc., New York, NY 2009- 2012
Corporate Controller
Start-up that created the first automated centrally cleared marketplace for securities lending and borrowing.
Directed corporate accounting, budgeting, forecasting, and financial planning activities. Led the 5-year projections process in conjunction with the CFO and COO and the marketing team.
Extensively involved in fund raising process with the CFO, presenting the financial models to investors and responding to their queries; raised $70M+ over three rounds of investments.
Introduced a new pricing model moving away from an enterprise pricing to separate license subscriptions, seat pricing & a rate based on the dollar value of the trade for our SAAS offering
Closely worked with the sales & marketing team on creating a bottoms-up sales projection model by client type and at individual client level.
Led the process for re-visiting accounting guidance(FIN39) related to the industry; engaged all the Big-4 accounting firms and presented our position paper to SEC and FASB.
Consolidated all accounting activities, and communicated results to Management and Board
Identified the opportunity to avail R&D tax credit; recovered $2M of initial R&D spend.
Deloitte & Touche, LLP, New York, NY 2007-2009
Audit Manager
Led GAAP and income tax-basis audits of private equity limited partnerships, general partnerships, fund of funds, and management companies. Clients included, BlackRock, J C Flowers, Bessemer Venture Partners, Harvest Partners, Pegasus Partners and others.
Managed multiple client engagements, including supervision & mentoring of staff. Key contact for client CFO/Controller & Deloitte Valuation/Tax experts.
Reviewed & independently re-performed waterfall/carry calculations, management fee & IRR calculations to ensure compliance with partnership agreements
Developed methodology for auditing portfolio company investment valuations.
KPMG, LLP, Boston, MA 2005- 2007
Audit Manager
Supervised audits clients in industries like manufacturing, retail, precious metal & technology; gained exposure to aspects of revenue recognition & stock compensation for high tech industries. Extensively involved in review of policies, contracts to ensure adherence with SOP 97-2.
Involved in leading the review for a software clients’ transition from a private to public company.
Additional Relevant Experience
Ernst & Young, LLP, Audit Senior, Boston, MA 2003- 2005
PricewaterhouseCoopers, Manager, New Delhi, India 1998- 2001
K N Goyal & Co., Senior Associate, New Delhi, India 1995- 1998
Education
M.B.A., Babson College, F.W. Olin Graduate School of Business, Wellesley, MA 2003
B.Com., Finance, Accounting & Management, Delhi University, New Delhi, India 1996
Technical Skills
Oracle ERP 12, 11.5.0, Great Plains, TM 1, MAS 500, Microsoft Excel
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