Financial Reporting Management

Bhuvan Chhatrapati

New Jersey • *********@*****.*** • 908-***-**** • linkedin.com/bhuvan-chhatrapati/ SUMMARY

Seasoned Financial Controller with over 20 years of distinguished experience in financial management, accounting, and financial services. Renowned for delivering accurate and comprehensive financial statements, streamlining financial reporting, and enforcing robust internal controls. Expert in strategic financial planning, budget management, and leading successful transitions to new accounting platforms. Recognized for exceptional leadership in managing cross-functional teams and driving operational excellence. A proactive problem-solver with a proven track record of optimizing processes, enhancing productivity, and achieving cost efficiencies. Passionate about leveraging financial expertise to support organizational growth and drive continuous improvement. SKILLS

• Accounting Management

• Financial Project Management

• Financial Statement Analysis

• Financial Analysis & Reporting

• Complex Problem-Solving

• Budgeting & Cost Accounting

• Regulatory Compliance

• Operational Streamlining

TECHNICAL PROFICIENCES

• Financial Management Systems: Expert in Oracle Financials, Oracle Hyperion Essbase, with a proven track record of leveraging these platforms to enhance financial reporting and analysis.

• Business Intelligence Tools: Proficient and Certified in SAP Business Objects and Workday (HCM and Financial Management), utilizing it for robust data analysis in strategic planning and decision making support.

• Accounting Software: Experienced with Sage MAS 500, QuickBooks, and Peachtree, ensuring accurate financial tracking and streamlined accounting processes.

• Reporting and Analytics: Skilled in Microsoft FRx for creating custom financial reports and providing critical insights for management.

• Advanced Excel: Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and data visualization, to support detailed financial analysis and reporting. PROFESSIONAL EXPERIENCE

NIKSUN INC. Princeton, NJ

Finance Controller 03/2023-05/2024

• Enhanced finance infrastructure and automated ERP systems to support high transaction growth for new product lines.

• Provided strategic tax representation guidance, optimizing company structure for compliance and efficiency.

• Led a team of developers in creating customized inventory and order management modules, improving operational efficiency.

• Refined financial reporting processes, ensuring accuracy and timeliness.

• Conducted Section 174 capitalization calculations and led the annual R&D credit study, ensuring regulatory compliance.

• Streamlined and automated back-office processes, improving overall operational efficiency.

• Researched sales tax regulations, ERP partnerships, tax preparation strategies, and IRS law updates for compliance and best practices.

RUKH DEVELOPMENT South Plainfield, NJ

VP Finance 10/2014-02/2023

• Streamlined financial statement preparation for subsidiaries, ensuring GAAP compliance and accurate consolidation.

• Developed cash flow projections, aiding in strategic investment decisions.

• Managed treasury functions, including cash projections and bank/loan reconciliations.

• Oversaw monthly closing procedures, ensuring accurate financial reporting.

• Prepared personal financial statements for owners, facilitating smooth interactions with financial institutions.

• Managed accounts payable and trained new clerks for efficiency and accuracy.

• Collaborated on mergers and acquisitions, managing bank loans and investment-related financing.

• Managed insurance policies for business & owners, assessing and mitigating risks.

• Coordinated with tax accountants for year-end tax liabilities, ensuring compliance and optimal planning.

LIFEBOOKER INC Brooklyn, NY

Finance Controller 12/2011-10/2014

• Prepared and presented comprehensive financial statements with detailed projections and account analysis for quarterly Board meetings.

• Collaborated with external accountants for annual tax filings and audits, ensuring compliance.

• Developed and implemented policies and procedures related to capital expenditures, financial reserves, and human resources, enhancing operational efficiency and compliance.

• Oversaw employee benefits, payroll processing, and commission plans, achieving significant cost savings.

• Improved financial reporting processes for accuracy and timeliness.

• Provided strategic financial insights to the Board for informed decision-making.

• Managed stakeholder relationships, ensuring alignment with organizational goals. DOUBLE ROCK CORPORATION Manhasset, NY

Corporate Controller 04/2009-11/2011

• Prepared and presented standalone and consolidated financial statements, cash projections, and comprehensive variance and trend analyses for subsidiaries and affiliates.

• Led the monthly closing process, managing accruals, allocations, royalties, and adjusting entries.

• Managed treasury functions, optimizing cash flow management and financial stability.

• Created ad-hoc reports using FRX report writer, providing critical financial insights.

• Conducted detailed financial analyses, supporting strategic decision-making.

• Collaborated with cross-functional teams to enhance financial processes.

• Ensured compliance with internal controls and accounting policies. NICE SYSTEMS INC. Rutherford, NJ

Financial Reporting Manager 09/2001-01/2009

• Prepared and reviewed comprehensive financial statements and managed daily cash projections for U.S. subsidiaries.

• Led month-end closing, managing accruals and adjusting entries for accurate records.

• Conducted monthly variance analysis using Hyperion, Business Objects, and Oracle Financials.

• Performed asset valuation during acquisitions, managing purchase price adjustments and integration.

• Managed and maintained $16 million in fixed assets, calculating gains/losses on asset retirements.

• Developed and documented SOX-compliant internal control policies and procedures.

• Prepared deferred tax asset and liability worksheets under FAS 109.

• Served as a SWAT team member during crisis management, providing strategic support. FRUTAROM INC. North Bergen, NJ

Senior Accountant 12/2000-08/2001

• Assisted in financial statement preparation and analysis.

• Conducted daily loan reconciliations and calculated monthly interest payable.

• Managed and maintained monthly bank reconciliations, accounts payable (AP), accounts receivable (AR), and fixed asset (FA) reconciliations.

• Provided financial insights through detailed analysis, supporting strategic decisions. FEDWAY ASSOCIATES INC. Kearny, NJ

Staff Accountant 09/1999-11/2000

• Updated daily cash balances and performed monthly bank reconciliations.

• Managed the filing of sales tax and payroll tax returns, ensuring compliance.

• Created ad-hoc reports and provided detailed financial analysis during audits.

• Enhanced financial reporting and compliance processes. DILIP PATEL, CPA Union, NJ

Staff Accountant 02/1997-09/1999

• Prepared and filed sales tax and payroll tax returns, ensuring regulatory compliance.

• Compiled interim and annual financial statements, supporting strategic decisions.

• Managed corporate and personal tax returns for business owners, optimizing efficiency.

• Collaborated with auditors for smooth audit processes and compliance. EDUCATION

RUTGERS UNIVERSITY Newark, NJ

Bachelor of Major in Accounting

CERTIFICATION

• Certified Treasury Professional (FDU – Teaneck Campus)

• Certified Notary Professional.

• Certified in Workday (HCM and Financial Management) training through online coursera Workday Enterprise.

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