MIHIR PATEL
**A GRACE RD, LAKE HIAWATHA NJ ***** Phone: 973-***-**** Email: ********@*****.***
SUMMARY OF QUALIFICATIONS
• Able to access the requirements of growing companies and assist senior management with decision-making process.
• Worked effectively with cross functional groups at all organizational levels to achieve company’s annual goals.
• An analytical thinker energized by challenges and able to thrive in a high pressure environment to achieve deadlines.
• Recognized for efforts to identify new processes, to improve quality, reduce costs, and increase gross margin.
PROFESSIONAL EXPERIENCE
C. R Bard, Inc. Murray Hill, New Jersey (www.crbard.com) Apr’06- Feb’12
A leading U.S multinational manufacturer of innovative medical devices in the field of vascular, urology, oncology & surgical specialty. It is publicly traded on NYSE with 2011 gross revenue of $2.9B USD & 11,000 employees globally.
Sr. Financial Analyst – Corporate Accounting & Financial Reporting
• Assist Corporate Controller in preparation & managing several P&L components of $115M annual operating budget.
• Prepare monthly commercial P&L of $12M with analytics explaining variances to Budget, Forecast & Prior Year.
• Responsible for preparation of $1.4B legal entity Balance sheet with flux package explaining YTD variances.
• Provide key statistics to auditors for 10-Q/K reporting related to Shareholders Equity, Deferred Comp & Fixed Assets.
• Worked in collaboration with cross functional VP’s to reduce YOY commercial spend on Admin and R&D cost centers by at least 0.50 basis points to improve bottom-line.
• Partnered with senior management to implement Quality Taskforce initiatives of $3.0M to improve gross margins.
• Prepare Quarterly Directors Deferred comp statements, annual 1099’s and provide key statistics for proxy reporting.
• Developed financial reporting model that reduced consolidation time of Global P/L from 2 days to 1 day for New products, R&D Growth Initiative & Acquisition projects
Reckitt Benckiser Plc, Parsippany, New Jersey (www.rb.com) Aug’04- Apr’06
A British multinational FMCG manufacturer of diversified consumer products for household, health and personal care. It is publicly traded on FTSE100 with 2011 gross revenue of £9.5B GBP & 27,200 employees globally.
Financial Analyst – Cost Accounting
• Oversee month- end close, quarterly Forecast and annual Budgets for North American supply chain team.
• Prepare Purchase Price Variance (PPV) report to analyze $800M procurement performance against standard cost.
• Assist in timely completeness of factory operating statement and supply scorecard.
• Reduced bill of material (BOM) cycle time from several weeks to one day and improved BOM accuracy to 100%.
• Assist Brand Managers in understanding cost structure of Brand P&L and investigate manufacturing variances and recommended discontinuation of 30 SKU’s to improve gross margins from -17% to +10%
• Facilitated improvement of inventory by eliminating write-off’s exceeding $200k and reduced freight costs by 1%
• Implemented automated PPV financial reporting process to download data by reducing annual overtime of $25k and enhancing accuracy and timeliness.
FDU Federal Credit Union, Madison, New Jersey (www.fdufcu.org) Jan’03- Aug’04
Credit union serving its members since 1965 with full portfolio of banking and financial management service.
Accountant – Banking & Treasury
• Assist in the preparation of month-end financial statements & cash flow analysis for management reporting.
• Composed effective accounting and ad-hoc reports summarizing A/P data to improve cash flow and working capital.
• Assist loan manager in underwriting consumer loan document, analyses of credit report & debt ratio.
• Automated A/P bank reconciliation process, saved 6 labor hours and reducing the risk of control deficiencies.
EDUCATION
• Master of Business Administration, Fairleigh Dickinson University, NJ (Major: Finance & Entrepreneurship, GPA: 3.72)
• Master of Commerce (Part-I), University of Mumbai, India (Major: Accounting & Economics, GPA: 3.43)
ADDITIONAL
• Experience in using JD Edwards One World (v9.0), Hyperion Financial Management (v11.1), Cognos Analyst (v8.1)
PeopleSoft (v8.8), Micro-Strategy Web (v8.0), Oracle Smart view, proficiency in MS Excel (2010) & MS Access (2003)