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Finance Director

Location:
United States
Posted:
October 24, 2016

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Satish (Scott) Patel

** ******* ***** *****

Somerset, NJ 08873

(732) ***-****

E-mail: acw7r7@r.postjobfree.com

Summary of Professional Experience

Outstanding track record as a focused financial management professional with proven experience in implementing contemporary solutions designed to optimize company resources and reduce overhead costs. Proven ability to develop and enforce company policy and procedures and to formulate and effectively communicate strategic plans and operating budgets to both operational and financial personnel. Consistently exceed business plan expectations, quotas and deliverables.

PROFESSIONAL EXPERIENCE

Xerox State Healthcare (Xerox Business Services, formerly ACS Inc) 07/05 – Present

Regional Director of Finance (MMIS & Enrollment Broker)

Xerox is a Fortune 100 international company with annual revenues of over $22B. Xerox Business Services (XBS) is the leading provider of fully diversified, end-to-end, business process outsourcing (BPO) and information technology solutions to commercial and government clients worldwide. In my current role, I lead a finance team responsible for providing all-encompassing financial support for state and federal government sponsored healthcare operations contracts for the East Region line of business.

Manage a team responsible for all weekly (Flash), quarterly, and annual forecast and budget activities for a $300M line of business. The development of these forecasts and budgets requires extensive management of multiple group involvement and input. Current budget and forecast responsibilities cover several operations accounts, internal consulting groups, and multiple standard G&A expense cost centers.

Responsible for the development and analysis of all internal financial reporting. This includes P&L, balance sheet, cash, capital, and resource reporting. Assist in the presentation of material to the executive management group on a monthly scheduled and ad hoc basis.

As a business partner with the SVP of Operations, I provide timely key performance indicator (KPI) reporting and financial walk schedules to the entire operations group executive management teams. Responsible for not only the development of the metric analysis, but also for the full understanding of drivers and causes of change. Detailed explanations and sound recommendations to finance and operations executive teams are both expected and required.

Assist in the development of financial modeling for new business development, current client trend analysis, and future growth forecasts. Ultimately responsible for all cost and pricing financial models developed by the group. Required to provide insight and direction to the pricing team for RFI and RFP requests based on my business experience, and my financial knowledge.

Work very closely with group controllers and accounting personnel (on-shore and off-shore) for all month-end close items. Solid understanding of GAAP requirements, internal accounting policies, and revenue recognition criteria are required. Act as lead on monthly P&L reviews throughout the close process. Responsible for the group understanding of detailed revenue and expense variances to Flash, forecast, and budget for all operations accounts. Continuously review both AP and AR client balances, and provide timely reporting to avoid negative financial impacts.

Manage financial projects that involve multi-group engagement. This includes internal groups as well as outside agencies/consulting firms. Responsible for the financial management of a handful of Federal contracts that required an understanding of FAR and CAS regulations and guidelines. Assisted in the development of forward pricing rate proposal documents for said Federal contracts.

Continuously strive to meet and exceed expectations and deliverable timeframes for any and all projects.

Equinox Fitness Club 12/01 – 07/05

Director of Accounting & Finance

Prepare monthly consolidated financial package to Senior Management and Board of Directors including Balance Sheet, P&L, Cash Flow statements, documenting current, year to date and comparison to budget/plan analyses

Ensure financial statements are in conformity with GAAP and proper internal controls are in place and reviewed periodically

Manage relationship with external accounting firm regarding audit and tax issues

Direct report to CFO and Controller and supervise accounting staff of five

Work with general managers to determine areas for improvements

Accomplishments

Responsible for all accounting issues and SEC filings in connection with public debt offering including four years of audit and restatements

Design and implement internal control and created policies and procedures for Senior Management to review monthly performance

Implemented accounting system MAS 500 (formerly SAGE)

Implemented processes to ensure timely monthly closings

Velocity Express Inc. (Formerly Corporate Express Delivery Systems) 02/99 – 12/01

Accounting & Finance Manager

Manage the activities of staff of twelve, responsible for all accounting functions, including general ledger, accounts payable, customer billings, and payroll coordination.

Analyze financial reports and advise general managers to take corrective actions.

Evaluate and participate in the preparation of budgets, and on going forecasts as required.

Ensure all corporate, federal, state and local reporting compliance.

Proposed margin improvement recommendations to Regional Vice President.

Analyze customer profitability resulting in identifying rate increases to certain unprofitable customers.

Bell Atlantic 06/92 -02/99

Bell Atlantic Federal Integrated Solutions 12/97 - 02/99

Manager – Project Support

Customized and implemented a project management software package (COPA) to provide real time financial information to field offices.

Determine allocation of budget dollars to current and prospective projects.

Review gross margin results, recommending actions for improvement of projects falling below target profitability.

Create standard policies and procedures for existing and new field offices.

Bell Atlantic Professional Services Inc. 09/95 – 12/97 Senior Financial Analyst

Coordinated all aspects of monthly closing for $70M subsidiary of Bell Atlantic Corporation, including analysis of profit margins, reconciliation of balance sheet accounts and making recommendations for revenue and expense accruals to Chief Financial Officer.

Developed and implemented monthly forecasting procedures for Senior Management.

Developed internal procedures for compliance to Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) for government projects.

Developed pricing guideline for four major lines of business that incorporates an interactive spreadsheet for exact pricing results per project.

Financial Analyst 11/93 – 9/95

Prepared internal management reports, with graphical analysis and written summary of revenue and expense accounts, and detailed analysis of balance sheet accounts.

Led General Ledger team in development of new financial system for consolidation of two subsidiary companies.

Prepare reports on a monthly and quarterly basis to be used in corporate consolidations for financial reporting.

Assisted Manager of Finance and Accounting in preparation of company’s five year business plan.

Created complex spreadsheet and macros to automate many facets of internal reporting and operations.

Bell Atlantic Assistance Inc. 6/92 – 11/93

International Payroll Accountant

Prepared and verified payroll in Temps-Plus system for interface with ADP Package.

Transferred funds as needed into payroll accounts.

Answered payroll inquiries from employees. Communicated with employees regarding handling of paycheck and taxation for overseas assignments.

Prepared monthly various payroll reports for management.

Negotiated fees and worked closely with CPA firm for preparation of tax returns for overseas employees.

EDUCATION:

Kean College of New Jersey, Union, NJ

Bachelor of Science in Accounting, January 1992

3.7 GPA

COMPUTER SKILLS:

Highly proficient in all Microsoft business applications (Excel, Word, PowerPoint), Hyperion and Business Objects. Skilled in Oracle financials, JDEdwards, MFRP, FRx reporting, PeopleSoft, Best Enterprise (MAS500), ADP Enterprise eTime, Deltek Costpoint, and statistical/regression analysis modeling techniques,

MEMBERSHIPS, BOARDS, COMMITTEES

Lambda Alpha Sigma – The Liberal Art & Science Honor Society

Religious Organization - Shree Swaminarayan Agyna Upasana Satsang Mandal – Board Member



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