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Sales Financial

Alexandria, Virginia, United States
August 25, 2018

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Sejal Patel

**** ******** ** ******, ** ***** Ph: 732-***-**** Email:

Objective: A seasoned finance and accounting professional with extensive experience in corporate finance, mortgage finance, secondary mortgage markets and retail finance. A proven ability in managing monthly and quarterly financial close, analyzing and compiling financial data and presenting results within the delegated timeframe. A team player with an excellent combination of analytical and communication skills seeking a challenging role

Education: Monmouth University, West Long Branch, NJ

Bachelor of Science in Business Administration-Finance Concentration May 2005

Experience: Hutson Inc. Murray, KY

Financial Planner and Analyst July 2015- September 2016

Communicate financial information to management team to assist with the timely and accurate analysis of financial operations, including comparison to budgets, goals, and other relevant financial metrics for the net sales approx. $500 million and net income is approx. $6 million

Develop and maintain business system dashboard reports to highlight critical business drivers and ensure consistent management oversight of key financial metrics

Assist with external reporting to shareholders and lenders including supplemental financial analysis, analysis of business performance and projections

Analyze and synthesize data and drivers to create routine and special purpose reports to monitor and increase efficiency, ensuring data integrity

Review historical and projected financial results with department managers to assess progress toward objectives, understand variances and projected outlook, and identify opportunities for corrective adjustments to meet financial targets

Directs the improvement or standardization of processes and procedures to ensure data is entered in a consistent manner

Develop and maintain financial forecasts, soliciting input from department managers, analysis of historical performance and current market trends, and other business metrics to drive achievement of business goals

Develop and maintain model for projecting future used equipment demand and inventory levels, working closely with Sales Strategy & Asset Manager to provide input to the sales strategy process

Proactively identifies opportunities for improvement of methods to streamline work processes on a regular basis

Freddie Mac McLean, VA

Senior Financial Controller Professional- Derivative Accounting July 2011- May 2014

Responsible for the daily, monthly, and quarterly general ledger reconciliation for residential mortgage back securities interest rate swaps, swaptions, futures, options, etc. Average account balance is approx. $50 billion and consisted of reconciling sub ledger, 50 accounts, and 5 reporting segments. Liaised with business unit controllers and controls specialist to ensure accuracy and integrity and to resolve errors

Prepared daily MV for acquisition and termination fees issues from Aladdin (actual cash) to Eagle subledger and reported to derivative operations group to clear them before month-end process.

Prepared quarterly tables and footnotes for external 10Q/10k reporting

Addressed and researched reconciliation exceptions for transactions related to derivative cash, interest, and market value with notional value totaling over $700 billion

Performed monthly and quarterly analysis for analytical reports, financial statements, cash flow statements, etc

Prepared derivative accounting journal entries for GFM and Non-GFM securities in the sub ledger/general ledger

Ensured SOX compliance by identifying and documenting risks and key controls

Provided data and related analysis to tax group for derivative tax accounting purpose for futures/options, swaptions, and swaps

Worked on ad hoc projects which involves coordination with multiple departments such as Finance, Operations, and internal audit

Freddie Mac McLean, VA Financial Controller Professional- Loan Loss Reserve & Credit Loss Accounting Apr 2008- July 2011

Performed timely and accurate analysis of the Credit Loss Deck for senior Management

Performed monthly and quarterly accounting and reconciliation processes for the Loan Loss Reserves/Credit loss accounting such as reserve/impairment journal entries for loan loss reserve of approx. $40 billion and consisted 40 account reconciliation

Provided analytics, and research for account fluctuations in timely, accurate and reliable financial information in support of the financial close

Prepared Monthly/quarterly LLR Memo explaining changes in FAS 5/FAS 114 reserves and provision which includes changes in Charge-offs, TDR Impairment, and REO expense

Performed analyzing and questioning estimates and GAAP assumptions used to determine the reserves

Prepared/ and or reviewed Financial analysis and reporting packages

Coordinated relationships with Freddie Mac’s Single Family forecasting area

Prepared controls documentation, e.g. updating SOX documentation, service level agreements, etc

Lead or participated in process improvements and ad hoc projects, as required (e.g. assist with implementing management’s agreed-upon-actions for audit findings, FAS 166/167 implementation, NEO model implementation, etc)

Lord Abbett & Co. Jersey City, NJ

Mutual Fund Tax Accountant September 2006-December 2007

Prepared calculations of monthly, quarterly, and annual mutual fund income and capital gain distributions in accordance with RIC and excise tax requirements

Provided supporting schedules to ensure each fund meets required tax qualification tests

Worked on tax provision for annual report including supporting schedules for wash sales, premiums, REITs and PFICs

Prepared and/or reviewed income tax and excise tax returns and supporting schedules

Worked on year-end reporting

Assisted in tax return filing and tracking

State Street Corporation Princeton, NJ

Mutual Fund Accountant June 2005-September 2006

Prepared proofs of account balances, entering and monitoring general ledger activity

Calculated the net asset value, net investment income, and dividend distribution payments for two closed-end and one open-end municipal bond fund totaling over $2 billion in net assets

Provided daily cash projections to assist in making trades from funds’ money market accounts

Verified accuracy of long-term trades and bond calls by calculating gains/losses

Performed various month-end assignments to meet specific audit requirements

Confirmed correct interest rate swaps and futures numbers on funds using pricing reports

Technical Skills

MS Office Suite ( Excel, Word, Powerpoint, Access), MIDAS, Reportworks, Peoplesoft, CLAS, Rapid SQL,

Bloomberg, Eagle, Summit, Datamart, PAS, adaptive, Equip, Foresight

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