Accounting Manager
Resume:
Prakash Shetty ***** Roan Lane, North Potomac, MD 20878
**************@*****.***
Senior Auditor
MN Blum LLC (CPA Firm) - Rockville, MD 20850
SENIOR AUDITOR
EDUCATION
EXPERIENCE
• Auditing, compilation, review, and other attestation services of financial statements for a client base composed of Real estate, Construction, Health, and Commercial lending companies of various sizes and ownership structure
• Plan, coordinate, and execute clean and efficient annual financials
• Interacting with key client management to gather information, resolve audit-related problems, and collaborate with managers and partners to make recommendations for business and process improvements
• Undertake responsibility, execute, and follow through for timely completion of engagement deliverables from planning to completion using tools such as Advanced Workflow, Checkpoint Engage, and GoTax
• Gain comprehensive understanding of client operations, processes, and business objectives and utilize that knowledge on engagements
• Utilize technical proficiency in areas like regulatory and contractual compliance to diagnose and suggest solutions to problems encountered on audits and reviews and communicate with clients and upper firm management
• Research technical issues using on-line tools and complete other duties as needed on engagements and as assigned by supervisory personnel
• Participate in professional development activities, including training sessions and networking events Feb 2016 - Present
Bachelors of Science in Finance
Bombay University, April 1989
Senior Management Accountant
Sheladia Associates Inc. (Engineering Consulting Firm) - Rockville, MD 20850
• Monthly closing of accounts, revenue accounting, overseeing billing and account receivables, and submitting Bank Borrowing Base & Covenants Certificates
• Helping controllers with developing and managing indirect rate structures, and preparing of budgets, forecasts, cash flow and incurred cost submissions
• Responsible for implementing and monitoring company polices, internal control procedures, and compliance of government contracting regulations (CAS, FAR & DCAA requirements)
• Liaising with overseas site offices to ensure regular reporting and accounting of cost and revenues for inclusion in parent office financials and overseeing International Accounting for Subsidiary Companies, Tax Filing & Statue compliances
• Contract management & compliance for Projects funded by USAID, World Bank, ADB & IBRD and managing, coordinate year end external audits
Mar 2008 - Oct 2015
Results driven Cost and Management Accountant by profession with a strong background in general accounting, project management, and ERP (Cost point, SAP, Oracle). Possesses excellent written and oral communication skills and a comprehensive knowledge of Sarbanes-Oxley, GAAP, FAR -Federal Acquisition Regulations, and CAS -Cost Accounting Standards. Has experience in supporting operation team in capacity of a Contract & Financial Analyst and acting as a liaison between project team and/or business unit and Legal to ensure that all legal and contractual matters are addressed efficiently and promptly. PROFILE
Certified Cost and Management Accountant (Equivalent to CIMA) Institute of Cost and Management Accountant, June 1996 Deputy Manager, Taxation
Deloitte, Haskins & Sells - Bombay, India
• Responsible for areas covering Service Tax, Excise, Value Added Tax (VAT) and Foreign Trade Policy
• Due Diligence Audit in areas of Excise, Service Tax & VAT, Returns Vetting and Filling
• SOX Compliance before accepting assignments from International Clients and Companies subsidiary of Multinationals Drafting Replies to Show Cause Notices, Appeals, Stay Petitions, pinions, interpretations / clarifications of Laws sought by Clients
Apr 2005 - Feb 2006
Castrol India Ltd. British Petroleum, Bombay, India
• Performance Manager
• Deputy Manager, Shared Services
• Cost/Works Accountant
• Sr. Executive, Internal Audit
• Executive Projects, Corporate Finance
Jan 1996 - Mar 2005
Nov 2003 - Mar 2005
Sept 2001 - Oct 2003
Sept 1999 - Aug 2001
Sept 1996 - Aug 1999
Jan 1996 - Aug 1996
Position
• Leveraging Technology for Automated Payment Solutions (Deutche Bank).
• Better Services to Internal Customer through Service Level Agreements (SLA).
• Shared Service Design & Implementation (Back Office for handling A/c Payables and General Accounting.
• Appreciation Letter from Business Unit Leader for Contribution made to New Corporate Office Project (Core Member of Project Team Representing Finance Function).
Achievements - Received following recognition certificates from British Petroleum World, towards contribution made in following areas:
Senior Project Accountant
M.C. Dean Inc. - Dulles, VA
• Ongoing project control, review, analysis & managing profitability for the projects
• Carrying out detailed analytical work (FP&A) to identify potential problems & suggesting suitable remedial steps
• Audit contracts, orders, and payments and prepare weekly/ monthly project reports for management
• Revise the existing cost models for new and existing projects; Cost Benefit Analysis to determine efficiency and Internal Rate of Return (IRR) of projects (T&M, CPAF, CPIF, CPFF, FFP) and cost/price analysis
• Compliance of FAR - Federal Acquisition Regulations, DCAA - Defense Contract Audit Agency, and CAS - Cost Accounting Standards for DOD Programs
• Tracking Labor, Direct vs. indirect Cost, Allowable vs. Unallowable, Overhead burden, and preparation of Incurred Cost submissions
Mar 2008 - Oct 2015
• Contract management & compliance for Projects funded by USAID, World Bank, ADB & IBRD and managing, coordinate year end external audits
• Responsible for the organization’s risk management functions
• Participate special projects & work with operations in meeting the profit target
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