RITESH PATEL
*** ****** ****** **, ***** HILL, GEORGIA- 30518 678-***-****
ad3iig@r.postjobfree.com http://www.linkedin.com/in/patelriteshk
FINANCIAL / ACCOUNTING (MANAGER / SENIOR)
A change-oriented and results-driven senior accounting analyst with broad experience globally in accounting, forecasting, reporting, data analysis, project management, process improvement, recruiting and hiring processes, training and mentoring, financial/operational analysis, inventory system improvement, and price analysis. Additional proven aptitude in budgeting, strategic planning, integrations/acquisitions, presentations, implementations, rebates, commissions, fixed assets, compliance, and auditing. An innovative and forward-thinking proven performer with strong problem-solving skills who empowers an organization to improve workflow processes, deliver timely and seamless solutions, and generate top-performing workforces to enhance capabilities.
Financial & Operation Analysis (Revenue /Prices)
Accounting Management & HR
Forecasting, Costing, Inventory System Improvement & Price Analyst
Staff Development & Motivation
Budgeting, International Reporting ( IFRS)
System Implementation, QA, and Functional Support
Cost Reductions, Lean Process, Capital Project, Project Accounting & Technical Accounting.
Business Integration/Acquisition (M&A)
Presentation, Implementation and Training
Financial Analysis – Rebate, Commission, DSO, DIO, DPO P2P, OTC, SD.MM & Warranties
Internal Controls, Hedge Fund, Cash management & Month end Closed
General Reporting, Fixed Assets (Tangible and Intangible) & Lease Accounting ASC 842
Audit, GAAP, SOP 97-2, ASC 606 & SOX Compliance
Professional Experience
Deutz – Controller/ Senior Financial Analyst, Manufacturing,Georgia SAP 07/2022 – Present
Preparing variance analysis including budget to actual, forecast, and prior year and measure Results for NA entities
Accounting Lead for Infor– GL, CO. FA, GR/IR, AR, PR, MM, SD, AP, PP, Month end Closed, JE, Cash Management, Accrual etc
Support monthly close including Accounting, Controlling, FP&A and Leases under one years and over one year with ASC 842
Conduct reviews of production order variances to identify unusual variances and report root cause. (Price, Volume and Mix)
Lead MTD, Budget and FC process.
Preparing variance analysis for Material, Direct Labor and In direct in SAP. DOMETIC – Divisional Controller, Manufacturing Marine, TN Oracle 01/2021 – 07/2022
Preparing variance analysis including budget to actual, forecast, and prior year and measure Results for NA entities
Accounting Lead for Infor– GL, CO. FA, GR/IR, AR, PR, MM, SD, AP, PP, Month end Closed, JE, Cash Management, Accrual etc
Support monthly close including multi – currency consolidated Balance Sheet reconciliation and accurate Revenue, COGS, SGA Expense oversight, Fixed Asset and Leases under one years and over one year with ASC 842
Conduct reviews of production order variances to identify unusual variances and report root cause. (Price, Volume and Mix)
Preparing variance analysis for Rebate including budget to actual, forecast, and prior year results and Report in AARO
Track and report KPI indicators, evaluate results in terms of cost, budget, operating policies, trends, and increased profit opportunities (Fuel Tank, Water Tank and Aluminum Tank)
Provide ad hoc analysis and reporting and promote the practice of continuous improvement and work with business unit Management
Update and reviews of capital spending plans and results and provide analytical support for Capital project
DOMO CHEMICAL INC & DOMO EP LLC – Director, Manufacturing, Georgia SAP 11/2018 – 10/2020
Analyze each business opportunities in relation to ROI – CRM, QlikView Variance, R&D Package, and Inventory
Data validation and Data migration for GL Balances, Material Master, Customers and Vendors
LSMW MDG to technical team and work with upload
SAP Securities SU53 and other BRF Template related with Role and Responsibilities
Monitor and work with plant management on Continuous Improvement initiatives and validate savings
Provide monthly financial analysis for Actual vs Budget/ forecasts for Plants, Variance analysis and Reconciliations
Support the development and analysis of the annual operating plan VS Budget. (Plastic Molding and Nylon resistance)
Run different ad hoc financial analysis to support business requirement and Reconcile Defer rent Schedule
ThyssenKrupp IT Services Inc. – Senior Corp Analyst,Illinois SAP 10/2014 – 11/2018
Preparing variance analysis including budget to actual, forecast, and prior year and measure results for 15 US entities
Conduct weekly reviews of production order variances to identify unusual variances and report root cause
Monitor and work with plant management on Continuous Improvement initiatives and validate savings
Key strategic projects as needed working with cross functional business teams, Annual Operating plan, and Hedge activities
Working with the external and internal auditors for Tax and audit
SAP Field Glass & SAP@KONS Variance with Inter-company, GL, AP, AR, Fixed Assets Competencies
STA LLC – Head of Accounting and Finance - Manufacturer and Wholesale OFC, South Carolina SAP 02/2012 – 10/2014
Reporting to a different government agency and filling necessary forms
Developed promotional expenditure review and audit programs and controls also delivering financial analysis for new product planning, capital appropriations and other projects
Preparing and developing the strategic annual budget, Royalties Statement and quarterly forecasts at the department level.
Previous Employment
Hewlett Packard, Enterprise Services – Financial Nalyst III - IT Service 02/2011 – 02/2012
Reckitt Benckiser - Controller - Manufacturer 05/2006 – 01/2011
Toshiba - Controller - Manufacturing 03/2001 - 04/2006
Education
M.B.A in Accounting, Finance & Costing – (Keller Graduate School of Management, USA)
B.SC in Accounting and Auditing – ( Sardar Patel University, India )
System Expertise –
Hyperion Essbase, HFM, EDI, Diva, Congo’s, SAP ECC 650 & 750, Transfer Pricing, Oracle, Sage, People soft, Great Plains, MAS, Hedge, BI Tools, MRP, CRM, Vertex, Sales and Use tax, AS 400, Mapic, Peachtree, QuickBooks, JD Edwards, Microsoft Word, Excel, Access, PowerPoint, ORBITUS, Net Suite,Luca Net, AARO, QlikView,
Accomplishment
1.Accelerated the month-end closing process to the four-calendar day of every month. Provide timely and accurate financial reports.- Toshiba
2.Developed financial controls that successfully scaled as the company grew from $1 million to $ 2 million of revenue per year by Freight income and Sales MIx . No material weaknesses noted by auditors during that period. Reckitt Benckiser - Canada
3.Set up budget to actual reports as specifically requested by department heads. Resulted in increased use of reports and quicker decision-maker attention to variances. Financial Analyst – ThyssenKrupp.
4.Automated preparation of COGNOS system” reports that had previously required 10 hours of staff time per week. Reckitt Benckiser
5.Reduce SGA expenses by $ 55- $ 75 k in 2019 at Domo .
6.Create Financial Model to track GM / SGA /Inventory / Accrual (Sales, Marketing and Operation) – Reckitt Benckiser.
7.Improve Financial Reporting and Policy and procedure at Dometic. (Financial Package and Reconciliation)
8.Core Revenue improvement at Deutz $ 120 k per Quarter.- Deutz