Mangai Gopalan Raghavan

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

Foxboro, MA 02035

617-***-****

ad0m2g@r.postjobfree.com

Professional with 25+ years of Accounting/Financial management experience

Designing & preparation of financial statements

Preparation of revenue & cost schedules

Financial forecasts & analysis

Preparation of annual budgets/monthly and quarterly budget reviews

Performing of analytical ad-hoc projects

Month-end and year-end closing

Quarterly/Annual Audit Coordination

Corporate financial reporting & analysis

Revenue Recognition compliance – ASC 606,SOP 97-2, 81-1, SAB 104, EITF 00-21

Preparation of various financial BI reports

Computer Skills:

Accounting software packages Oracle Financials, Peoplesoft, Great Plains, Peachtree, Quick Books, Revenue Manager & QAD, NetSuite, Sage Intacct, Salesforce, Bill.com

Operating Environment Windows 2000, NT

Software packages Excel, Access, Word and Power point

Work Experience:

Hines Consulting – Consulting Services (Industries – Software, Biotech) Sep 2021 – Present

Consulting Services provided in several areas of Corporate accounting/Controllership Services – Revenue – ASC 606, order to cash process, expenses, all aspects of general ledger, Payroll, Month/quarter-end/year-end, Flux analysis, Commissions, all balance sheet reconciliations, setting up a new company with new COA and systems, assistance in switch over to new systems, creation and maintenance of schedules for accurate support and complete assistance with audit

Assistant Controller - Billing & Revenue May 2019 – Sep 2021

Engagesmart, Braintree, Boston MA 02116

At EngageSmart that offers single-instance, multi-tenant, true SaaS solutions across core verticals including health & wellness, government, utilities, financial services and non-profit:

Team Lead billing/Revenue (ASC 606) /collections. Approve all journals/schedules/reconciliations & close revenue within 3 days – billing/revenue reconciled reporting with flux analysis vs prior month/year along with estimates wherever required – across all subsidiaries. Communicating with payment processors, IT, boarding teams to make sure revenue is accurate

Discuss and meet with team members on a regular basis to review contracts to ensure billing and revenue are accurate. Designed contract review schedule; review schedule on a monthly basis for the purposes of billing/revenue; Developed/implemented process improvements to streamline revenue and shorten close timelines; Assist FPA team

Managing and preparation of partner residuals over $1.5M /month and address all questions from partners and responsible for calculations of sales commissions and capitalization of commission/amortization – ASC 340; co-ordination with Sales Operations/Payroll teams

Assisted in 2-year audit in preparation of the IPO

Sr. Manger, Billing & Revenue Dec 2015 – May 2019

Fuze, Inc, 2 Copley Place, Floor 7, Boston MA 02116

At Fuze a provider of cloud-based Unified Communications as a Service (UCaaS):

Team lead and managed billing/revenue operations for both domestic as well as international subsidiaries

Review of contracts, ensure billing is accurate; reporting of revenue details on a monthly basis; detailed month over month analysis and reconciliations with in-depth detailed revenue schedules that support income statement as well as related Balance sheet items; responsible for month-end closing of books & assistance to FPA team

Part of Audit team that successfully completed 4 years of audit in 18 months, from review of contracts, billing /revenue

Designed & implemented revenue recognition in excel; implemented revenue model in NetSuite

Worked with IT team on automation/integration of existing legacy system to NetSuite (our Financial system)

Assist and lead special projects as and when required in areas related to billing/revenue/collections

Sr. Manger, Accounting Jan 2015 – Dec 2015

Valeritas, Inc, 800 Boston Turnpike, Shrewsbury, MA 01545

At Valeritas, a life sciences company, where mission is to develop products/solutions that meets the need of people living with type 2 diabetes:

Manage AP, AR, Payroll, Billing and Reporting that involves preparation of monthly and quarterly account analysis, including revenue, accruals; reconciliation with detailed schedules for all income statement as well as Balance sheet items

Assist in preparation of internal and external financial statement reporting and serve as a liaison with external auditors

Responsible for month-end, quarter-end and year-end closing of books that relates to all aspects of revenue and expenses and maintain the corporate cash projection outlook and work with Finance team and department heads to track and record various types of expenses and lead special projects and presentations

Advisory Revenue Recognition/Sr. Revenue Analyst Oct 2009 – Nov 2014

Worscape, Inc. – an ADP Company, 123 Felton Street, Marlborough, MA 01752

At Workscape, a software company, where solutions for performance management, compensation planning, and benefits administration that drive Total Rewards:

Ensure revenue is booked accurately and in accordance with SEC and GAAP – SOP 97-2, EITF 00-21-in Oracle Projects and responsible for contract review process for several regions in ADP and provide monthly revenue,deferred revenue and deferred cost (SOP 98-1) details for financial analysis

Responsible for month-end, quarter-end and year-end closing of books that relates to all aspects of revenue and served as a integral part of the audit with teams from Big 4 accounting firms; Monthly co-ordination with Project Managers and Directors for accurate representation on status of projects for actual & forecasts

Involved in acquisition process for purchase accounting and several special projects; played a major role in financial system integration between Workscape ‘s Oracle Financials & ADP’s Order to Cash System; performed FAS 144 Impairment Analysis on software platforms

Revenue Analyst / Implementation Consultant

Softrax Corporation, 45 Shawmut Road, Canton, MA 02021 Mar 2008 – Oct 2009

A privately held, leading provider of enterprise revenue management and billing software solutions. The software solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals:

Document client’s current revenue recognition processes and reporting / business intelligence needs.

Translate the revenue processes to the framework of the Softrax Revenue Manager solution. This includes, teaching the nuances of various revenue recognition models such as SOP 97-2, 98-9 and EITF 00-21 to the client’s Revenue team.

Author the Functional Requirements which triggered milestone billing on 30% of the project.

Communicate and guide results of the revenue process requirements translation to Technical Services team; develop and execute high level functional test plans and low level test scripting

Create the Implementation Project Plan with client to define project milestones and mutually agreed upon project timing. Provided test plans for in-depth testing of the first generation proprietary Business Intelligence product. Created standard and customized BI Reports utilizing Oracle’s OBIEE tools. Reports represented all aspects of accounting concepts/details and were used, among other things, for FLASH reporting to management and the Board of Directors

Revenue Assurance Manager

Virtusa Corporation, 2000 West Park Drive, Westborough, MA 01581 Mar 2007 – Mar 2008

Responsibilities at this software services company include:

Review of all contracts for application of appropriate revenue recognition; and approval of white papers for all fixed fee and time and material engagements for application of appropriate revenue recognition – SOP 81-1, SAB 104, including acceptance clauses, warranty periods, refunds and cancellation provisions. Co-ordination with off-shore finance revenue team in India and Sri Lanka for all revenue related activities. Responsible for accurate, timely presentation of revenue forecasts to the executive management team, closing of books on a monthly basis emphasizing accuracy on every revenue line item and all applicable balance sheet schedules that included Approval of all invoices, deferred revenue and unbilled schedules, inclusive of forecasts for both US and UK divisions and reconciliations of Accounts Receivable, various revenue accounts, Unbilled and Deferred Schedules. Served as the link between the FP&A team and the SEC team for all revenue analysis; responsible for having DSO at an acceptable level and for SOX compliance relating to all revenue activities

Sr. Financial Analyst Jan 2005 – Mar 2007

BearingPoint Inc., 2 Hampshire Street, Foxborough, MA 02035

At BearingPoint, a global public company that sells customer-specific solutions:

Team lead in Program Control and was part of Financial Services Hub Review Team that was responsible for reviewing contracts for appropriate revenue recognition, analysis of ETC’s and WIPs for multiple types of professional service contracts including Time & Material as well as Fixed Price and Cost Plus contracts inclusive of reconciliation between Accounts Receivable and Unbilled accounts & preparation of Project-wise profit and loss analysis on all contracts

Being part of US GAAP revenue recognition team was to review contracts pertaining to milestones, contingencies, award payments, acceptance clauses, fiscal funding clauses, cancellation provisions, and due to complexity this team was entrusted with the task of determination of appropriate accounting guidance for each contract (SOP 97-2, 81-1, SAB 104, EITF 00-21). A comprehensive revenue recognition process was designed by this team along with detailed pilot plan for one of its divisions CIT – Consumer and Industrial Technology

Financial Analyst May 2004 – Dec 2004

P&H Solutions, Inc., 320 Nevada Street, Newton, MA 02460

Responsibilities at this software company that provided real solutions for business banking in both outsource and in-house implemented solutions include:

Contract review and application of appropriate revenue recognition – SOP 97-2, SOP 81-1, SAB 104, EITF 00-21; preparation of schedules for all revenue streams –license, implementation fees, maintenance, complicated monthly outsourcing fee calculations, consulting fees as well as detailed recurring revenue schedules

Comprehensive invoicing schedules for various elements in contract including renewals, recurring revenue and profit and loss analysis schedules by project; Forecasting of revenue and comparison between actual and forecasted revenues;

Senior Revenue Analyst May 2002 – Apr 2004

Connected Corporation, 100 Pennsylvania Avenue, Framingham, MA

Responsibilities at this hi-tech company include:

All general ledger / financial statement tasks related to revenue accounting, manage monthly revenue close process including invoicing of Connected Worldwide customers and reporting Partner Royalties along with timely booking reporting to management. Interaction with sales team; structuring/resolving contractual issues & preparation of monthly commission / royalty schedules.

Review contracts to ensure compliance under the most current revenue recognition accounting guidance including SOP 97-2, SOP 98-9 and SAB 101 and analyze/reconcile & forecast – revenue and bookings

Involved in invoice automation between portal software & Oracle financials, responsible for preparation of analytical schedules for management, sales, FP&A teams & for board and executive meetings.

Corporate Accounting Manager Jul 1997 – Mar 2002

eCredit.com, Inc., 20 Carematrix Drive, Dedham, MA 02026

Overall responsibility for accounting functions at this Hi-Tech Product Development company include:

Responsible for all general accounting, reconciliations, consolidation & financial statement preparation. Performed several business, financial, operational & comparative analysis presentations to Management. Evaluated revenue recognition under most current accounting guidance. Served a variety of revenue, cost, assets & liabilities schedules in support of financial statements for annual audits; coordinated quarterly & annual audits with teams from Big 4 Accounting firms.

Initiated and coordinated with various department managers in preparation of budgets. Responsible for production and distribution of monthly financial reports, budget variance explanations to the managers and management including preparation of ad hoc reports as part of month-end closing of books

Senior Accountant & Payroll Administrator Jul 1995 - Jun 1997

eCredit.com, Inc., 20 Carematrix Drive, Dedham, MA 02026

Processed Vendor invoices for payment, including auditing of invoices, reconciliation of statements, researching vendor inquiries, posting to A/P system and communication with vendors. Streamlined the entire accounts payable system

Officer – Secretarial and Legal Jan 1993 – Jan 1994

Malar Hospitals Ltd., Madras, India

Actively participated through the IPO of the company and was responsible for writing of various statutory registers and books including the preparation of statutory returns and forms to be filed with the Government according to the Companies Act. Coordinated with the annual audit of the company and prepared various schedules in support of the equity structure

Staff Accountant Feb 1992 – Dec 1992

Floway Pumps & Valves Private Limited, Madras, India

Responsible for Accounts Payable and Accounts Receivable functions, including all general accounting and reconciliations. Assisted in preparation of financial statements and annual audit.

Education:

MS Program in Accounting, Annamalai University, India 1990 – 92

BS Program in Law, Bharathidasan University, India 1986 – 87

BS Program in General Law, Bharathidasan University, India 1984 – 86

BS Program in Accounting, Madras University, India 1981 – 84

Credentials from India have been evaluated by Foreign Academic Credential Services in the United States.

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