Revenue Recognition Sec Reporting

Sanjay Patel

408-***-**** – ********@*****.***

Senior Finance, Accounting, and Operations professional specializing in profit margins – Efficient and accurate month end closes and reporting – Financial modeling, planning and analysis – Budgeting – Rev Rec, International accounting, and consolidations - GAAP, IFRS, and SOX - Tax and audit - Accounting systems conversions – SEC Reporting support - Building, managing and mentoring of staff

EXPERIENCE

TempCFO, Inc., An inDinero Company. (outsourced finance, accounting, and tax services, startup)

12/2018 – Current – Senior Controller

Mange a book of 10 to 12 startup clients

ME Close, prepare financial statements, variance to budget analysis, BS recons, cash forecast

Manage Client Revenue Recognition, budgeting, additional analysis as needed

Manage Tax and Audit, PBC lists, tax provision work

Work closely with client and CEO/CFO on projects as directed

Manage and train staff, work closely with accounting team

Consulting – Director of Finance/Controller (Audible Magic, Escalon Services, Tesla, Openwave Messaging, ItsOn Inc., Attivo Partners, Macias, Gini & O’Connell LLP MGO)

3/2015 – 12/2018

Month End Close, Payroll, Human Resource and Cash Management

Prepare financial statements, variance to budget analysis, BS recons, cash forecast

Manage Revenue Recognition (ASC 605 and 606, VSOE, SAB101, etc.)

Support SEC reporting and budgeting, additional analysis and reporting as needed

Manage Tax and Audit. Other projects as directed by CFO and CEO

Drobo Inc. /Connected Data Inc. (Storage, startup, 80-85 employees)

4/2014 – 2/2015 – Assistant Controller

Reporting to the CFO, manage and mentor a team of three employees

Manage day-to-day accounting and finance (AR, AP, Payroll, GL, cash management, etc.)

Month end closing for two entities. Prepare consolidated financials. Review BS and bank recons

Monthly reporting package for BOD. Prepare due diligence checklist for potential investors

Manage revenue recognition and deferred revenue, review monthly commission calculations

Work with outside auditors and tax team in US, UK, Singapore and Japan

Prepare monthly variance analysis and actual vs. budget analysis

Assist in preparing annual budget, other projects and reporting as requested by CFO

Strands Labs Inc. (Financial Management Software, start up, 45-50 employees)

9/2013 – 6/2014 – Controller/Director of Finance and Accounting (Contractor)

Month end closing and international consolidation, balance sheet and bank reconciliations

Prepare monthly board package for CEO, investors and BOD, Manage audit and tax return

Prepare and review monthly variance analysis and actual vs. budget analysis

Manage revenue recognition and deferred revenue.

Work with accountant in Spain to coordinate month end close calendar

Implement month end controls, other projects as requested by CEO

Zed USA Corp. (Mobile content/Online advertising and marketing, start up, 35-40 employees))

2/2012 – 7/2013 – Controller, US

Manage and mentor staff of four, month end closing and financial reporting, and consolidations

Monthly Revenue Recognition (virtual goods, advertising, SAAS, project)

Manage budget process and full US audit, Work with outside tax firm to prepare annual taxes

Manage all cash forecasting and work closely with Spain on funding of operations

Contracts reviews and audits; review monthly results with HQ team in Spain

Extensive modeling of future product expectations and requirements to add new revenue streams

Work with COO to identify outsourcing functions and partnering with third party companies

Securematics, Inc., (Distribution of Network Security Products, 40-45 employees)

12/2009 – 1/2012 – Senior Manager Finance and Operations

Manage staff of 22 (8 direct and 14 indirect reports)

Help grow revenues from $107 million in 2009 to $144 million in 2010 to $175 million in 2011

Month end close, inventory management, credit/collections, logistics, cash flows, and operations

Work closely with GM to plan for credit and inventory requirements

New client contract reviews and credit line setting. Weekly forecast meetings to track sales

Manage vendor audits, manage all day to day functions of the daily business

Implement internal procedures to enhance productivity, manage cash forecast and credit lines

Create metrics to measure roi, inventory turnover, quote to close ratios, and operating cash

NaturEner USA (Alternative Energy, start up, 30-35 employees)

2009 – Senior Accounting Manager – (Contractor)

Manage system conversion from QuickBooks to Sage Mas90, transfer books for 20 entities

Manage, coach, and mentor staff of 2. Create/measure goals for the accounting staff members

Implement month end close schedule and create deadlines for accuracy and efficiency of financial statements in compliance with US GAAP and IFRS

Prepare/review corporate financial statements and balance sheets

Review bank/balance sheet reconciliations, intercompany accounts, FX gain/loss and fixed assets

Book all partnership and hedge entries, forecast cash flow needs, manage all aspects of the GL

Provide support for external audits/tax filings. Provide support to management

Rickenbacker Group, Inc. (AR Management Company, start up, 75-80 employees)

2005 – 2008 - Controller

Increased profit margin 15% for 2005, and maintained this increase for 2006 and 2007

Created/implemented a financial model to forecast revenues and manage costs to maximize profit

Reduction in costs by utilizing our international subsidiary while maintaining our revenues

Set-up internal controls and secured alternate financing to minimize cost and maximize cash flow

Manage accounting, finance, payroll, human resources, and staff of four

Monthly variance analysis used in financial planning and cash management

Prepare consolidated financial statements and balance sheet including our international subsidiary

Manage foreign currency/intercompany entries and currency exchange rate exposure

Manage revenue recognition and deferred revenue, oversee expenses for our international sub

Manage licensing, bonding, and filing of annual reports for 50 states

Manage internal audits and work with CPA for tax returns

CONSULTING/CONTRACTING

2008 - FedEx Freight West, Freight and Logistics, Interim Accounting Manager

2002 - PG&E, Utilities, Senior Accounting/Business Analyst

PERMANENT

2004 – 2005 - Future Network USA, Accounting Manager

2003 – 2004 - Landmark Education Enterprises Inc., Sr. Acct.

2000 – 2001 - VA Linux Systems, Inc., Software/Hardware and Services, Sr. Acct

1999 – 2000 - OSH/Sears Hardware Corporate, Retail Merchandise, Sr. GL/Inventory Acct

1997 – 1999 - Stuart Anderson’s Restaurants, Corporate Office, Sr. Acct

Education

MBA, University of Phoenix

Bachelor of Science, Business Finance, CSU - Long Beach

Computer Skills

Oracle, PeopleSoft, SAP, SAP Business One, NetSuite, Great Plains, Sage Intacct, Salesforce, MAS 90, Platinum, QuickBooks, FRX, Crystal Reports, Hyperion, CONCUR, Lawson, Solomon, Vertex

Contact this candidate