PROFILE
Highly accomplished financial strategist offering 20 years of experience in public and private accounting. Specialize in defining and establishing complex financial management programs. True value is the ability to effectively evaluate a firm’s financial health, and then institute sound remediation and performance enhancement strategies. Competent and confident cultivating productive relationships with clients, partners, vendors, and investors. Unique ability to motivate employees and foster collaborative efforts that produce results exceeding expectations. Soup to nuts knowledge of GAAP.
• Private Equity and Venture Capital
• Hedge Fund Management
• Public Accounting
• Management Consulting
• Commercial Real Estate
• Portfolio Consolidation
• Individual, Partnership and Corporate Taxes
• Corporate Finance
• Internal and External Audits
• Regulatory Compliance
• Investor Relations
• Financial Reporting
PROFESSIONAL HIGHLIGHTS
Controlled full accounting for a $100 million fund holding 21 hospitality investments.
Fully directed accounting for a private equity firm, particularly for the hedge fund with AUM of $25 million and private equity fund with AUM of $20 million.
Strategically consulted with nearly 65 clients with value up to $100 million on a broad scope of accounting, compliance, and tax issues.
EXPERIENCE & ACHIEVEMENTS
RDF VENTURES LLC New York, NY
Single Member owned Private Equity Fund.
Consultant (Part-Time) (9/2009 to Present): Primarily updated financials for 9 entities including 4 trusts.
Reviewed and approved complex individual federal tax and prepared by CPA Firm
• Researched on tax issue to determine appropriate action.
• Significantly improved accounting system.
APF PROPERTIES LLC New York, NY
$250 million unregistered commercial real estate fund, comprised of 8 properties in NY and PA.
Financial Controller (2008 to 8/2009): Principally directed the complete financial operations of this fund, which encompassed evaluating and approving federal and state tax returns prepared by CPA firms, reviewing and approving capital calls and distributions after considering a multi-layered IRR, “Side Pocket” clause, and analyzing monthly financial statements and supporting schedules. Oversaw accounting staff of 3 nationally recognized property management companies. Upheld GAAP requirements and complied with corporate internal controls.
• Instrumentally contributed to closing a new property purchased for $103 million in Philadelphia.
• Significantly simplified each property’s monthly reporting package and analysis.
• Streamlined monthly closing of the owner / Management Company.
• Increased efficiency in the year-end closing and tax returns review processes.
TRINITY HOTEL INVESTORS LLC New York, NY
$200 million fund with 21 hospitality investments.
Financial Controller (2007 to 2008): Joined this organization as the 1st controller, and identified the immediate objectives as being to overhaul the accounting for 5 portfolios, institute accounting for a portfolio of 15 holdings, and also establish a portfolio for 3 additional hotels, the totality of which were managed by 6 different independent hotel management companies. Principally interfaced with the executive leadership team, investors, lenders, and the management firms. Evaluated capital calls and distributions after considering multi-layered IRR and comprehensive waterfall calculations.
• Consolidated the financial statements of 21 hotels under 7 different portfolios.
• Defined accounting policy, established systems, and streamlined accounting for each portfolio.
• Instituted reporting and internal accounting controls at the corporate level and at each hotel.
• Directed the annual and semi-annual audits and annual tax filings.
JANUS FINANCIAL SERVICES INC. Princeton, NJ
Private equity / venture capital firm engaged in hedge fund and factor / asset based financing.
VP, Finance & Operations / Financial Controller, Private Equity/Hedge Fund Division (2005 to 2007): Fully directed GAAP accounting on a broad range of financial services, particularly the hedge fund with AUM of $25 million, private equity fund with AUM of $20 million, and $5 million in factor financing. Controlled accounting, compliance, and financial statement preparation for onshore and offshore hedge funds, private equity firms, and investment management firms.
• Condensed the month-end closing process for the hedge-fund and private equity holdings.
• Streamlined the portfolio’s “Know Your Client” process and upheld compliance guidelines.
Financial Controller, Assured Pharmacy Inc., a Janus investment (2005 to 2007): Strategically guided daily accounting functions, chiefly requiring preparation of financial statements, coordinating and executing quarterly reviews and annual audits, and preparing comprehensive SEC filings (forms 10-Q and 10-K). Reviewed and approved federal and state tax returns prepared by independent CPA firms.
• Consolidated 3 companies and reduced time intensiveness 50% for each quarter.
• Enhanced the quarterly audit package for independent auditors to minimize the time investment.
PRAJAPATI ASSOCIATES LLP New York, NY
A public accounting firm
Senior Accountant (2000 to 2005): Issued strategic accounting, compliance, and tax expertise to a portfolio of nearly 70 clients for this public accounting firm, comprised of wholesalers with a turn-over of $100 million in worth, private equity funds valued up to $75 million, and clients in IT, real estate, hospitality, and retail. Closely consulted with clients to gain a comprehensive understanding of the operations, goals, and requirements. Conducted in depth audits and reviews of client financial operations, accounting processes, and records. Researched tax and audit issues to determine corrective action. Prepared tax returns for corporations, limited partnerships, limited liability companies, and individuals.
• Involved in setting up accounting division, training staff and, defining procedures for start-up companies.
• Research GAAP accounting and regulatory accounting questions that arose within the firm.
RAMESH SARVA, CPA, PC Forest Hills, NY
A public accounting firm
Senior Accountant / Management Consultant (1995 to 2000): Evaluated technology infrastructure for this public accounting firm’s clients valued up to $25 to 50 million, and issued recommendations to enhance performance of their financial applications. Consulted with clients in the wholesale, technology, service, and retail sectors. Evaluated system workflow, reporting, and accuracy. Also supported clients’ finance and accounting operations by analyzing records, reconciling accounts, and conducting audits.
STATE BANK OF INDIA Mumbai, India
Accountant (1989 to 1994): Directed payroll administration for the main branch of this nationalized commercial bank, comprised of 250 employees across 50 departments. Held senior responsibility for general bookkeeping, preparing the trial balance, administering employee records, and verifying the accuracy and completeness of information. Generated periodic reports for decision making.
EDUCATION
BACHELOR OF COMMERCE, FINANCIAL ACCOUNTING & ECONOMICS
University of Mumbai, Mumbai, India 1992
DIPLOMA, COMPUTER MANAGEMENT
Management Institute of Software, Mumbai, India 1992
TRAINING
CPA CANDIDATE 11/2009
ADDITIONAL SKILLS
Computer: Proficient with Windows; Word; Excel; PowerPoint; Publisher; Outlook; QuickBooks; QuickBooks Enterprise Solutions, Peachtree; Pro System; and other proprietary finance, accounting, and business systems.
Language: Fluent in English, Hindi, Gujarati, and Marathi. |
