Jigar Patel
*** ******** *****, ******, ** ***** 732-***-**** **************@*****.***
EDUCATION
NORTHEASTERN UNIVERSITY, Boston, MA (3.7 G.P.A Top 15% class & Beta Gamma Sigma Society) 2009 - 2011
Master of Business Administration degree
Vice President, Finance and Investment Club & Vice President, Entrepreneurship Club
RUTGERS UNIVERSITY, New Brunswick, NJ (3.6 G.P.A Honors) 2001-2005
Bachelor of Arts with Honors (Concentration in Economics and Geography)
PROFESSIONAL EXPERIENCE
Tyco Internationals Inc. Princeton, NJ. (Industrial Goods & Diversified Machinery & Security) Jun 2011 - Sep 2011
MBA Intern – FP&A
• Assisted in preparing, compiling and analyzing the monthly, quarterly corporate expense, headcount reports and/or Corporate Financial Review schedules and package. Perform controls assessment, testing, and review of targeted corporate processes.
• Used data to analyze and identify strategic opportunities to drive decision making (price analysis, cost drivers, process mapping and specifications), driving operating initiatives and tracking transformation initiatives.
• Variance analysis of annual budgets, internal operational reviews and cost reduction plan for restructuring initiatives.
Aegis Limited Inc., East Rutherford, NJ. (Insurance Company) Apr 2007 - Aug 2009
Staff Accountant/ Financial Analyst (Financial Planning & Analysis)
• Prepared operating expenses and premium reports by researching and analyzing revenue and expenditure trends. Recommended appropriate budget levels and conducted risk management analysis. Reduced companywide operating expenses by 5% by negotiating with division vice presidents.
• Tracked capital projects worth $20 million; distributed management reports and monthly forecast; and assisted CIO in restructuring IT division by business functionality. Sox, spreadsheet remediation and internal controls exposure.
• Met with middle and upper management on a monthly basis to review monthly premiums and operating expenses and recommended improvements. Created monthly commentary for companywide revenues ($1 billion) and expenses ($150 million). Collaborated with internal and external auditors to improve accurate reporting of revenues and expenses.
CONSULTING Apr 2005 – Feb 2007
AC Moore Inc. Berlin, NJ. (Arts and Craft Company) Title - Financial Analyst for 4 months
• Performed Pro Forma, DCF and (IRR / NPV) modeling and analysis to evaluate real estate proposals, including new stores & lease renewals. Improved working capital management and reduced inventory levels and enhanced supply chain management
• Created models, analyzed performance metrics, and developed and compiled various financial and statistical reports that focus on improving performance of individual store and company performance. (Closed 20 stores with the analysis)
• Consolidated sales reporting for management and recommend cost centers their appropriate budget levels.
Movado Group Inc. Paramus, NJ. (Luxury Watch Brand Company) Title - Budget Analyst for 15 months
• Prepared monthly sales reports and royalty payment calculations for all licensed brands. Created and tracked corporate inventory inflow and outflow model to assist brand presidents in maintaining profitable inventory levels.
• Prepared and reviewed business analyses, including capital expenditure roll up, structural changes, headcount, and industry comparison of financial ratios. Provided insight on other SG&A charges including inter-company charges and allocations.
• Measured company performance with sector industries, S&P and Russell indexes, covering financial and valuation metrics.
• Conducted due diligence on potential acquisitions applying valuation models (DCF, Multiples).
• Consolidated actual, plan and projected financial statements, expense summaries and executive financial packages.
Johnson & Johnson Inc. Piscataway, NJ (Healthcare & Consumer Products) Title – Financial Analyst for 4 months
• Conducted in-depth analysis on rebate structures, legal contracts, profitability analysis, and business developments projects.
• Assisted in budgeting, forecasting, variance analysis and reporting, running financial models and business metrics.
COMPUTER SKILLS
Hyperion Software, BPCS, Crystal reporting, FRX Reporting, Cognos, Freedom Financials, Great Plains, COSO SOX & Oracle
ACTIVITIES
• Invest in capital markets, read Wall Street Journal and finance books & traveling in developing economies & charity work
• Member of Boston security Analyst Society, Boston Vegetarian Society, Beta Gamma Sigma & 360 Huntington Fund