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AVNI PATEL, CA, CPA

Email: adim4z@r.postjobfree.com • Tel: 917-***-****

Linked In: www.linkedin.com/in/AvniPatel-FinanceLeader SUMMARY

Experienced Finance Leader with expertise in all aspects of corporate accounting and expense management both domestically and internationally. Known for in-depth knowledge of accounting, audit, tax, treasury management and reporting with a focus on work processes, technology, and internal controls. Worked with C-Suite, business managers, auditors, regulatory agencies, and consultants, to resolve issues proactively and manage deliverables.

PROFESSIONAL EXPERIENCE

WATERFALL ASSET MANAGEMENT LLC, New York, NY July 2013 – August 2020 Corporate Controller

Financial Planning, Accounting & Reporting

• Worked with C-Suite and business managers to develop budgets and rolling forecasts; drove business performance with robust business line profit/loss, balance sheet and cash flow reports for data driven decision making.

• Built, led and mentored a team of 6 accountants responsible for global consolidation, audit, accounting, banking, payroll, receivables and payables, month end close, intercompany reconciliations, fund expense allocations/reimbursements in US, UK, Ireland, and Spain.

• Designed and implemented procedures for forecasting management & incentive fees; hurdle, and claw back calculations, tax distribution calculations; expense allocations, and rebates by reviewing hedge funds and PE funds’ Investment Management Agreements (IMAs), partnership agreement and side letters.

• Liaised with fund administrators for incentive fee calcs, NAV, K-1 reconciliation, fund financials to reconcile GP investments.

• Implemented back office procedures for month end close, fund cost allocations, multi-currency reports, UK FCA filings, GBP and EUR FX hedging, FX gains/loss calculations, budgets, consolidated financial statements, accounting and cash policies, internal controls and accounting standards for revenue recognition (ASC 606) and investment accounting (ASC 820).

• Developed a system for managing partners’ capital allocations, distributions, reporting of partners’ capital based on GAAP, tax and cash basis for management company and GP entities.

• Created efficiencies by streamlining workflows for accounting, financial forecasts, budgets, cash flows, team KPIs, FX hedges, business line reports, audit schedules and tax projections.

• Performed management company financial modeling and valuation analysis for potential sale of minority interest.

• Liaised with tax professionals for preparing transfer pricing models, rent tax, sales & VAT tax, tax projections, tax accruals, compliance and tax estimates for US, UK, Ireland, and Spain

• Worked with banks for treasury management, reducing/eliminating bank charges, FX hedges, margin calls, secured and unsecured line of credit and short/long term loans.

• Managed SEC audit requests and mock examinations effectively.

• Led various technology projects, working with the technology team and software vendors to implement scalable systems to support new business initiatives and accurate and timely financial reporting.

• Managed E&O, D&O, EPL, Workers Comp, Fidelity, Financial Institution Bond, Property & Casualty, Umbrella, Medical, Life, Disability and Key-man Insurances and claims. Employee Compensation and Benefits - US, UK, Ireland, and Spain

• Established and expanded HR, payroll and benefits to include: commuter, healthcare, FSA, short-term & long-term disability, parental leave, unemployment and EEOC reporting 2

• Managed 401(k), profit sharing plans, defined benefits pension plan, compliance testing, nondiscrimination and top-heavy testing, safe harbor calculations and 401(k) audits.

• Designed and maintained partners’ special allocations, employee awards, special bonuses, deferred interest investments/cash plans in US and UK.

• Designed, implemented, controlled and constantly modified T&E reimbursement policy.

• Negotiated with HR vendors to create efficiencies. M.D. SASS INVESTORS SERVICES, New York, NY June 2007 – June 2013 Corporate Controller / Assistant Controller

• Supervised 9 accountants responsible for payroll, accounts receivable, accounts payable, intercompany reconciliations, daily cash flow, client billing, commission payments and soft dollar payments.

• Prepared quarterly SEC filings and FINRA reports for US broker dealer.

• Prepared and reviewed fund financials, management companies’ K-1’s, tax calculations, tax projections and ensured timely and accurate filings of Federal & State corporate tax returns, sales tax, rent tax and payroll tax return.

• Managed family office onshore and offshore entities, trusts, personal tax projections, estimated tax payments and tax filings. and charitable foundation accounting and audit

• Prepared and analyzed variances between budgets and actual business line P/L for management decisions.

• Converted various entities to tax basis (cash) financial statements for annual tax return.

• Managed HR, payroll, employee benefits, profit sharing plan, compliance and nondiscrimination testing, form 5500, and 401K audit.

• Prepared and tracked multiple profit participation and deferred compensation arrangements, partner capital accounts across multiple entities as well as equity account for non-controlling interest. ABRAMS AND MCKEEVER, CPA’S, Cresskill, NJ December 2002-May 2007 Senior Associate / Staff Accountant

• Performed GAAP audits and compiled tax returns for S Corps, C Corps, trusts, charitable foundations and partnerships.

• Proactively worked with clients to provide innovative tax planning and tax saving strategies, ensured timely compliances and accurate filings of quarterly sales tax, payroll tax and income tax returns.

• Prepared/reviewed SOX Controls and SEC compliance reports i.e. 10-K, 10-Q & 10-QSB.

• Implemented various accounting software’s for clients. SKILLS AND CREDENTIALS

EDUCATION:

CPA (license pending) (1st attempt-87th percentile) USA CFA level 1 (1st attempt) USA

CA (1st attempt) Institute of Chartered Accountants, India Masters of Commerce I (Accounting) Mumbai, India

Bachelors of Commerce (Accounting) Sydenham College, Mumbai, India COMPUTER SKILL:

Proficient in Microsoft Dynamics, NetSuite, FRX and Management Reporter, QuickBooks, Decusoft Compose, ERP Systems, Backstop CRM, Investor Bridge, Concur, Excel – pivot tables, SUM-IFs, Vlookup, Hlookup, Index, Power Query, Power BI, Qlik and Tableau.

GENERAL:

• Good understanding of financial products including ABS, Structured Lending, RMBS and CMBS.

• Strong financial reporting and analytical skills; ability to think big picture with a global mindset

• Technology implementation and project management capabilities

• Excellent communication, problem-solving and inter-personal skills

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