Billing Coordinator Analyst

Parth Nanavati Resume Page * of *

Parth Nanavati, MBA

*************@*****.***

Professional Experience

Finance Director October 2019 to April 2020

FCBCURE. (subsidiary of IPG), Parsippany, NJ

Responsible for all financial aspects of the company operations in US, reporting to Global CFO of new vertical within Omnicom

Overseeing hiring budgets and working with VP of HR for hiring FTEs and/or freelancers, while overseeing the resource scoping requests and approvals across all offices

Conducting monthly P&Ls and client health reviews with Global CFO and Office GMs

Reviewing and negotiating MSAs, SOWs, staff plans using various margin calculators to help foster revenue & margin growth

Preparing annual and quarterly plan and forecast, and provide ongoing analysis smooth financial operations

Oversee monthly close including P&L and B/s review across all offices Finance Director June 2018 to October 2019

Organic Inc. (subsidiary of Omnicom), New York, NY Organic, Inc. is the first digital interactive ad agency headquartered in New York City with additional offices in Detroit, San Francisco, Atlanta, Dallas, and Los Angeles and is a part of the Omnicom Precision Marketing Group Inc, and owned by BBDO Worldwide. Reporting to the CEO and Global CFO, and manage 4 direct reports with a total revenue of $60M.

Responsible for all financial aspects of the company operations in US, reporting to Global CFO of new vertical within Omnicom

Overseeing hiring budgets and working with VP of HR for hiring FTEs and/or freelancers, while overseeing the resource scoping requests and approvals across all offices

Conducting monthly P&Ls and client health reviews with Global CFO and Office GMs

Reviewing and negotiating MSAs, SOWs, staff plans using various margin calculators to help foster revenue & margin growth

Preparing annual and quarterly plan and forecast, and provide ongoing analysis smooth financial operations

Oversee monthly close including P&L and B/s review across all offices

Reviewing project status reports- including burn rates, billing, AR, AP, contractual labor and other financial reporting metrics

Working with client procurement/finance teams for month end & quarter end reconciliation to secure more funds due to variance on Retainer / production spend to scoped hours Parth Nanavati Resume Page 2 of 3

Reviewing, designing and implementing internal controls and instituting effective quality control measures to ensure GAAP implications

Encouraging team to share and use best practices within finance department Finance Director June 2016 to June 2018

Organic Inc. & Atmosphere Proximity (subsidiary of Omnicom), New York, NY

Managed a team of 6 resources including 2 Managers, 2 Sr. Analysts, Jr. accountant and a billing coordinator

Prepared and reviewed fee pricing proposals (fixed fee, retainer and production projects)

Performed monthly reviews and account reconciliation to ensure the accuracy and integrity of financial information with GAAP

Support monthly team meetings with internal client teams (Creative, Account Mgmt. & PM) to develop accurate revenue forecast for all client’s current projects as well as pipeline

Managed P&Ls for both brands across all 3 office locations for Organic in addition to the corporate P&L

Updated policies and procedures for the firm's operations, including the employee handbook, organizational chart as well as training manuals for various positions

Communicating with senior staff and HR for resourcing requests and budget approvals

Organized team building events encouraging cross-training, collaboration and support Finance Manager October 2015 to June 2016

Organic Inc. (subsidiary of Omnicom), New York, NY

Overseeing and helping resolve any client P&L matters via monthly meeting and budget trackers

Effectively implemented new monthly revenue forecast process across all offices as well as weekly WIP reviews for all client projects

Successfully implemented Microsoft Dynamics/AX system wide transition for both companies, $55+ million client revenue for 15+ clients

Responsible for forecasting, analyzing and monthly reporting of client revenue and revenue recognition for all client projects

Identified trends based on Actuals vs. Forecast analysis to help develop a better forecast

Handle & follow-up Fee & OOP billing to reduce A/R aging across all clients Sr. Finance Analyst May 2011 to May 2014

Toys R Us Inc. Wayne, NJ

Analyzed business performance using financial models to evaluate business trends and the effectiveness of strategic initiatives supporting Electronics & Entertainment(E&E) department

Budgeting & forecasting sales & margin by identifying trends, risks and opportunities within E&E (Annual revenue – $980M) and Express/pop-up business (Annual revenue – $23M)

Identified and communicated implications on future performance of various deals to improve margin performance of E&E department

Parth Nanavati Resume Page 3 of 3

Building and supporting various daily/weekly as well as ad-hoc reporting for E&E and Toys R Us Express (Pop-ups & Outlets)

Driving forecast for quarterly Obsolete Inventory items each month for the company; contributed to improved YOY obsolete inventory reduction by 25%

Collaborating with business partners(IT and Planning) every month to re-forecast monthly and quarterly outlook for the revenue & margin drivers for E&E business division

Assisting internal and external audit and support ongoing SOX compliance testing and walkthroughs

Supporting systems migration as SME for FP&A working closely with IT department and contractors and developers to layout a smooth structure for new companywide rollout

Mastering knowledge of each line item on P&L and understanding overall implications driven by each one of them (Obsolete, LCM, Shrinkage etc.)

Supporting and forecasting BPP (warranties) and POSA cards (Third-party gift cards) reporting for the company

Sr. Finance Analyst August 2010 to May 2011

Covance Inc. Princeton, NJ

Perform monthly analysis of headcount reporting using Data Warehouse and Peoplesoft, working closely with HR and worldwide finance managers to define and resolve any reporting discrepancies

Responsible for review and audit of press release (financial supplement & text) of 10-Q

Perform various activities during the monthly closing process such as journal entries, B/S and P&L analysis, account reconciliations and fixed asset/CIP review

Worked directly with CAO to prepare monthly Management package and BODs package, providing initial reviews of controls and working closely with the units worldwide

Worked closely with internal & external audit department to perform SOX testing for the documents verified by other departments

Prepared proforma SEC Schedules for quarterly distribution and review SEC Schedules submitted at quarter end for completeness and accuracy

Assist with the quarterly external SEC reporting, including checklist preparation, footnote disclosure support, tie out of 10Q to supporting documentation and other areas as needed Client Finance Analyst January 2008 to August 2010 Digitas Inc. New York, NY

Education

MBA, Finance & Accounting

December 2007

University of Scranton, Scranton, PA

Bachelors in Business Administration

May 2005

HLCC, Gujarat University Gujarat, India

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