Financial Officer Reporting

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ASHOK NAYYAR, CPA

***** ******* **** **, **********, MD-20874

Phone: Cell 301-***-****: Home 301-***-****

Email: **********@*****.***

SUMMARY

CPA with extensive experience as an executive financial officer in technology companies, service-based firms, Federal Contracting, Not for Profit, and public accounting entities. I am skilled in strategic planning, budgeting, compliance, financial reporting, and risk management. Proven track record in mergers and acquisitions, systems implementation, and team leadership. Ready to drive companies’ financial strategy and support sustainable growth.

• Partner with CEO/CFO on Execution of financial strategies •M&A, Equity deals, strategy analysis

• Establishing and monitoring internal controls • Private equity experience with OTC filing

• Day-to-day management of the finance dept with team mentoring • ERP system implementation and training

• GAAP monthly financial reporting at firm and dept. level • Federal contract and systems

• Seamless integration of newly acquired companies • Liaison with Board & Audit Committee

• New Policy and Procedures, Improvements • Grants accounts, NICRA cost, single audit

• Insurance coverages, contract, corporate negotiations • Co-ordination of Legal Matters

• Maintain relationships with bank and lending partners • Product pricing and Risk analysis.

• Consolidation of foreign/local subsidiaries and cost allocation • Develop multi-year operational plan.

• Lease accounting implementation, Project Accounting • Strategic input and KPI’s management.

• Treasury, Cash Flow Management and Projections • Board Meeting presentation.

• Management of International Subsidiaries-Audit, Tax • Investment Management, Policies

• Implementation of SAAS/ Revenue Recognition rules • Budget Development & Forecasting

• Annual Audit and Tax return preparation • Management of Overseas finance teams EXPERIENCE

Futuris Company, Rockville, MD, USA 2024, PE backed Group of 7 Portfolio Companies Chief Financial Officer

• Assist in formulating the company’s future direction and supporting tactical initiatives.

• Monitor and direct the implementation of strategic business plans.

• Develop financial and tax strategies.

• Manage capital requests and budgeting processes.

• Develop performance measures supporting the company’s strategic direction.

• Prepare and conduct Monthly Business Reviews with the CEO for all subsidiary portfolio companies

• Participate in key decisions as a member of the executive team.

• Manage the accounting, investor relations, legal, tax and treasury departments including resources based overseas.

• Oversee the financial operations of subsidiary companies and foreign operations.

• Manage the financial accountabilities of any outsourced third party.

• Oversee the company’s transaction processing systems.

• Implementing financial and operational best practices

• Oversee employee benefit plans, with emphasis on maximizing total spending and ROI.

• Supervise and model acquisition due diligence and support acquisition negotiations.

• Oversee the issuance of financial information.

• Review and approve OTC filings and work with Corporate Counsel in this regard.

• Report on financial results for the CEO and to the Board of Directors.

• Understand and mitigate key elements of the company risk profile.

• Monitor all open legal issues involving the company, and legal issues affecting the industry.

• Construct and monitor reliable control systems.

• Maintain appropriate insurance coverage.

• Maintain banking relationships

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• Represent the company with investment bankers and investors.

• Maintain relations with external auditors and investigate their findings and recommendations

• Ensure that record keeping meets the requirements of auditors and government agencies.

• Ensure that the company complies with all legal and regulatory requirements.

• Participate in conference calls with the investment community Edge Direct, Baltimore, MD, USA 2022 to 2023, Strategy and Consulting Moore Holdings Company Controller

• Ensured compliance with GAAP and Tax laws, managing financial risks and providing guidance on risk mitigation strategies.

• Led the implementation of ASC 606 and ASC 842, overseeing inter-company reconciliation of 40 companies and managing A/R, A/P, and cash flow.

• Developed and monitored yearly budgets, ensuring alignment with strategic goals, and conducted month- end, quarter-end, and year-end financial close processes. Military Benefit Association, Chantilly VA, USA 2020 to 2022 Chief Financial Officer and Treasurer

• Led financial strategy and operations for increased revenue, ensuring compliance with ASC606 and ASC 842, and improving financial reporting accuracy.

• Directed mergers and acquisitions, including negotiation, due diligence, and post-merger integration, resulting in successful expansion and an increased market share of 10%.

• Managed budgeting, cash flow, and investments, achieving a 15% improvement in financial performance Cook Ross Inc, Silver Spring, MD, USA 2018 to 2020, Strategy and Consulting firm Chief Financial Officer

• Formulated the company's future direction and developed performance measures, achieving a 25% increase in revenue by implementing strategic input and KPI management.

• Managed all accounting operations, including Billing, A/R, A/P, Cost Accounting, Contracting, Revenue Recognition, and Month End Close, ensuring compliance with federal and state tax reporting

• Provided timely and accurate analysis of budgets, financial reports, and trends, assisting the CEO/President, Board, and senior executives in decision-making processes.

• Product Pricing policy implementation, Risk Analysis, Covid-19 Business Continuity plan, PPP Loan etc.

• Maximize the return on financial assets by establishing financial policies, controls, and reporting systems.

• Work with the CEO to develop long-term budget and monitor budget with comparison to actual outcomes.

• Oversee the completion of Federal and State tax reporting requirements.

• Prepare Product Pricing models, Sales Force management, monitor contracts and sales revenue, comparing expectations to actuals. Managed 25% increased revenue from the previous year.

• Protect assets by establishing, monitoring, and enforcing internal controls.

• Develop a reliable cash flow projection process and reporting mechanism with cash threshold.

• Advisor from the financial perspective on any contracts into which the corporation may enter. Market Bridge Corporation, Bethesda, MD, USA 2008 to 2017 (Offices in UK, Bulgaria, Canada,) International professional services firm-sales strategies, marketing programs, and data analytics. Controller (2008-2011), Chief Financial Officer (2011 – 2017)

• Led financial operations, including accounting and financial analysis, managing a $30M operating budget

• Reduced corporate loans by over $1M through monthly financial variance analyses and strategic discussions with department heads.

• Implemented Microsoft Dynamics/Solomon, integrating financial systems with time and expense reporting, enhancing financial data management.

• Led financial operations, managing a $30M operating budget and $1M capital budget, ensuring compliance with US GAAP and regulatory requirements.

• Reduced corporate loans by over $1M through monthly financial variance analyses and strategic discussions with department heads.

• Implemented Microsoft Dynamics/Solomon, integrating financial systems with time and exp 3 P a g e

Phoenix Health Systems Inc, Gaithersburg, MD, USA 2003 to 2008 Privately held, professional services firm providing IT services to healthcare Industry Corporate Controller

• Supervised month-end closing process, Line of Credit management, Client relationship and managed entire finance function of the firm.

• Prepared GAAP-based financial statements and financial metrics to identify operational risks. Public Accounting - K Gupta & Associates, CA (CPA’s) EDUCATION

University of Delhi, India University of Rajasthan, India Bachelor’s in commerce - Accounting Master’s in accountancy and Business Statistics COURSES: Tax Course- HR Block, S-Corp, LLC, and C-Corp, 990 tax returns SYSTEM SKILLS

MS Dynamics, Accpac, Great Plains, D-365, Sage Intact, SAP, Navision Financials, Quick Books, Peachtree, ADP and MS Office

ADDITIONAL INFORMATION

CERTIFICATIONS

CPA- Active License of VA & MD,

CGMA-Certificate Global Management Accountant, USA Company Secretary (CS), ICSI, India

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