Sanjeev Parab is a transformational Finance Leader with 15+ Years of Diverse Experience in Complex Environments....
SANJEEV PARAB, CPA Clifton, NJ 07012 646.288.3590
[email protected] www.linkedin.com/in/sanjeevparab
SENIOR FINANCE EXECUTIVE FINANCIAL PLANNING & ANALYSIS (FP&A) BUDGETING & PROFITABILITY AUTOMATION Transformational Finance Leader | 15+ Years of Diverse Experience in Complex Environments Expertise: Process Optimization / Strategic Oversight of Global Finance Programs / ERP Implementations Strategic and insightful leader of people and processes; identifies opportunities and executes fundamental changes that drive bottom-line results. Excels in rapid growth environments; develops flexible, scalable financial reporting and analytics to manage and measure profitability. Accelerates productivity and collaboration across functional boundaries; manages internal stakeholder communications/expectations and critical external relationships with auditors, attorneys and insurance brokers. Transfer pricing and cost allocation ERP/Financial Reporting Optimization Project costing and operational expenses analysis Vendor Oversight & Negotiations Global Consolidated Accounting Costing & Profitability Metrics & Analytics Performance Management & Growth Planning Lean Process Improvement & Optimization
EXECUTIVE MILESTONES
Architected flexible, end-to-end budgeting, growth management and performance analytics as process engineer and project lead for QForma’s enterprise ERP implementation and customization effort. Reduced bad debt by 70% and saved up to $300K annually for Aruvil International; strengthened, defined and enforced credit and collections processes. Instrumental in multimillion-dollar acquisition as tactical due diligence lead; additionally delivered extensive profitability and transfer-pricing analysis for complex and business-critical transaction. Aligned budgets and cost projections with the QForma’s strategic growth plan and long-term vision; integrated newly on-boarded ERP with legacy systems devised models and analytics to yield deep and transparent visibility for Board and C-level executives.
PROFESSIONAL EXPERIENCE QFORMA, INC. (formerly SkilaMederi), Morris Plains, NJ 2011 – 10/2013 Global Controller Leading Life Sciences strategy, analytics and predictive technology provider; owned/funded by BelHealth Investment Partners, LLC. Promoted to Global Controller to establish long-term financial vision for US/German/Ukraine/UK – entities, analyze, optimize governance, reporting and internal controls and provide monthly reporting to the Board of Directors. Introduced MS Solomon ERP to create visibility and actionable insight into fiscal viability of the organization, and spearheaded specialized reporting dashboards across critical benchmarks and to integrate global accounting. Led comprehensive FY13 target setting and budgeting with each business unit, and provided guidance and analysis to support the complex process. Created speedy process to close books monthly; quarterly and annually to create financial statements, variance and KPI reporting for consolidated & individual entities and managed global corporate taxes, 1099(US), VAT(EU), bank covenants, valuations, and audits. Created transfer pricing and cost allocation between US and German entity, and generated monthly GL entries. Reduced NJ tax liability from $177K to $18K through partnership with ADP payroll vendors and internal project leads to uncover and submit records and data that were previously unreported. Implemented Concur T&E and created spend analysis reports for business heads to empower tighter control of travel and expense at the departmental and business unit level and maintained expenses at budget levels. Globalized banking; AR invoicing, collection; AP payment, approval and weekly cash flow management. Generated and documented revenue recognition methods in system; projected monthly and backlog revenue. Produced operating expenses analysis, project costing and pricing.
SENIOR FINANCE EXECUTIVE
SANJEEV PARAB, CPA| PAGE 2
ROWLAND, INC., Clifton, NJ 2008 – 2011 Corporate Controller International manufacturer and wholesale/retail distributor of coffee and coffee products. Managed high-performing team of eight with accountability for three divisions; total revenue $190M. Introduced perpetual inventory reporting with visibility into current, maximum and minimum levels as well as quantities on order and damaged, destroyed and expired items, created process for monthly cycle count. Saved $250K per year by performing bill-back analysis to identify unauthorized extensions and abuses of promotional periods; introduced tools for managing credits and quickly eliminated the costly issue. Propelled significant margin and revenue growth to yield over $7M/annually; prompted data-driven paradigm and strategic shift from everyday low prices (EDLP) to limited-time discounts in each location. Created promotion budget with preferred outcome method; Controlled spending to budgeted limits and achieved expected results with least variance. Implemented Standard Costing in MS Dynamic GP and updated monthly to arrive at proper cost and pricing. Administered benefits, 401k, yearend form 5500 analysis, workmen compensation, health, dental and vision insurance. ARUVIL, INC., New York, NY 2002 – 2008 Controller (2003 – 2008) Accountant (2002 – 2003) Fencing material distributor with four US locations, an extensive product catalog and a strong national footprint. Revitalized fiscal policies, managed accounting functions and administered employee payroll/benefits; directed staff in execution of all inventory, branch and GL accounting, as well as consolidated oversight of collections, credit and cash management. Financed new profit lines by tightening internal SOX controls and strengthening bank relationships to access an increased line of credit. Reduced inventory by $650K with a complete overhaul of procurement and fulfillment; incorporated lead-time and seasonality into the procurement process and created location-based inventory/pick processes. Slashed shipping costs by 14% through extensive negotiations with freightliners and reallocation of orders based on bid-driven pricing. OPI GLOBAL, New York, NY 2001 – 2002 Accountant Managed on/offshore teams in strategic vision setting and financial planning for leading outsourced professional services firm; integrated Lawson ERP and managed all critical functionality for large regional accounts. MERCK & CO., Bombay, India 1992 – 2001 Sr. Manager, ERP Implemented and supported SAP ERP financial reporting and provided high-quality solutions for Finance-Control (FI-CO) functions.
EDUCATION AND LICENSURE Certified Public Accountant (CPA), State of Colorado Chartered Accountant of India, Bombay Bachelor of Science, Bombay University, India PROFESSIONAL AFFILIATIONS Member, AICPA: American Institute of CPA’s TECHNICAL SKILLS ERP: Oracle, Lawson, Microsoft Dynamics GP & RMS, Solomon MS Office, SAP: Excel, Access, Word Expert Knowledge: Peachtree, MAS90, QuickBooks, Clipper FOXBase, Lotus123, dbase
