Mudassar Ali

Brooklyn, NY • 347-***-****

adeex1@r.postjobfree.com

linkedin.com/in/mudassar-ali2020

Experience

Vice President of Finance Dec 2018 – Feb 2020

Medwood Services LLC • New York, NY

• Developed an accounting system from scratch for 2 entities for detailed revenue tracking and recognition

• Created monthly internal financial statements for 7 locations and detailed KPI reports for the 5 Board of Directors

• Converted company from cash to accrual accounting and restructured accounting systems for accruals in 6 weeks

• Maintained 13-week cash flow and restructured billing and collections to decrease collections from 70 to 50 days

• Assisted the CEO in delivering overall business targets and established internal billing and revenue cycle functions

• Created and managed budget tools to analyze variances, budgets, cost containment and forecast yearly financials

• Lead the first annual financial audit of 4 months and coordinated with 3 external CPAs for Private Equity investors

• Spearheaded due diligence efforts and integration of accountings systems in acquisitions of new medical practices

• Switched legacy payroll system to ADP allowing detailed reporting of time tracking, PTO, and better record keeping

• Integrated QuickBooks and ADP for improved reporting and organized by department and location removing errors

• Implemented the new ECW EMR and switched from Criterion EMR over 6 months improving overall RCM functions Director of Finance and Administration May 2017 – Nov 2018 Brooklyn Urgent Care and Pain Management • Brooklyn, NY

• Increased the collections rate from 45% to 85% in 6 months by creating customized processes and procedures

• Prepared, analyzed, consolidated and presented the financial reports for 5 separate medical entities and 4 locations

• Developed contracts/credentialing management reporting system for payers and streamlined billing/collections

• Implemented different EMRs for offices such as Athena-Health, Advanced MD, Next Gen and Modernizing Medicine

• Integrated EMRs with in house proprietary solutions such as MAVRO and other OCR software saving 7% in expenses

• Prepared 10Ks in order to maintain banking relationship and ensure compliance for the 2 partners and investors

• Coordinated with 2 large firms of arbitration/litigation attorneys for No-fault/Workers Comp accounts processing

$4.7M+ of receivables to ensure accurate and timely submissions of documentation for arbitration/litigation Controller Sep 2015 – May 2017

Phantom Communications LLC (Subsidiary of Saadia Group) • New York, NY

• Supervised 3 accountants to maintain schedule of financial reports and reviewed data for compliance and accuracy

• Streamlined and implemented AR, Billing and Collections System resulting in $500K recovery of unaccounted sales

• Developed internal controls and reconciliation processes to reduce monthly close process from 6 weeks to 2 weeks

• Improved/reorganized warehouse processes speeding up inventory management system saving 50 hours monthly

• Weekly & Monthly compliance Covenants of AR and inventory to ensure banking relationship for $7M line of credit

• Reported Key Performance Indicators and financials of company to group CFO and partners for monthly meetings

• Adjusted responsibilities and adapted financial systems and processes during growth of $15M to $45M in 18 months Controller May 2011 – Sep 2015

Coney Island Auto Holdings Corp • Brooklyn, NY

• Managed the accumulation, consolidation and reporting of financial data for 6 operating and 5 realty subsidiaries

• Oversaw regulatory reporting and managed quality control for tax planning and compliance of $30M worth of sales

• Cleaned up and developed accounting system/procedures to eliminate inaccuracies for better AP/AR reconciliations

• Produced reviewed financial statement in coordination with external CPA firm for compliance with lending banks

• Implemented Accounting Module in Vision (ERP by Epicor) resulting in faster month end close from 60 to 10 days

• Reduced workers comp premium by $50,000 yearly by implementing integrated HR solution (Balance Point)

• Hired, trained and retained 7 direct reports and implemented payroll and employer benefits for all 150 employees 2

Financial Analyst Jan 2009 – May 2011

Wessex Community Bank (formerly Hampshire Credit Union) • Portsmouth, UK

• Reconciliation of main clearing accounts and prepared key drivers for board meetings

• Prepared figures for quarterly and annual returns to Financial Service Authority

• Analyzed trends in product performance and produced and managed budget

• Handled all day to day accounting aspects including audits from grant providers Education

Master of Science, Economics and Finance 2008

University of Portsmouth, Portsmouth, UK

Bachelor of Business Administration 2007

University of Portsmouth, Portsmouth, UK

Bachelor of Arts in Accounting Commerce

University of Management & Technology, Pakistan 2005 Technical Competencies

• Net Suite • Sage • Quick Books • Vision by Epicor • Paychex • ADP • Balance Point Payroll •ECW EMR • Criterion EMR

• Modernizing Medicine EMR • MPLS • Advanced MD • Athena Health

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