Summary
Overview
Work History
Education
Skills
Timeline
Generic

Bhavesh Patel

Monroe,NY

Summary

Results-driven senior accounting and financial management professional with a proven track record of driving financial performance and strategic decision-making. Experienced in financial planning, forecasting, and analysis. Skilled in identifying trends, interpreting data, and providing actionable insights to support business objectives. Strong analytical, communication, and leadership abilities, with a focus on delivering results and adding value to the organization.

Overview

17
17
years of professional experience

Work History

Sr Financial Analyst

Honeywell International
Morris Plains, NJ
10.2023 - Current
  • Performed variance analysis to compare AOP and FCST against actual results, identifying causes of discrepancies, driving continuous improvement initiatives to minimize variances, and highlighting risks and opportunities in forecasts.
  • Analyzed complex financial transactions with channel partners, developing a Standard Operating Procedure (SOP) for accurate financial reporting.
  • Facilitated sprint meetings with Distribution Center (DC) leaders to gather accurate data, identify trends, compare against sales targets, and address discrepancies.
  • Participated in the Annual Operating Plan (AOP) and Strategic Planning (STRAP) process, as well as created templates to load the AOP into Hyperion Planning (HP).

Sr Financial Analyst

Honeywell International
Morris Plains, NJ
08.2018 - 10.2023
  • Managed the financial reporting and oversight of the AM R&D budget of $80 million, and NPI/NPS revenue of $1 billion.
  • Lead the Management Operating System (MOS) to provide accurate and efficient financial information for business decisions.
  • Developed financial models for project management evaluations, and investment analysis.
  • Collaborated with cross-functional teams to develop the annual operating plan (AOP) and strategic plan (STRAP).
  • Aided project management team by providing general administrative assistance.

Sr Accountant

Honeywell International
Morris Plains, NJ
04.2017 - 08.2018
  • Performed project accounting for one of the largest Aero sites, with approximately $140M in engineering revenue, and $200M in RDE spend annually.
  • Supported a major joint venture with partner Pratt & Whitney, reviewing and recording monthly entries, and interfacing with the Aero Finance Director, partner finance personnel, and program management.
  • Supported external audit requests for Deloitte and DCAA.
  • Monthly follow-up on project Estimate at Complete updates, and Unbilled Receivables for projects on POC Accounting.
  • Calculated and produced billings for complex cost-type and cost-share agreements with the U.S. Government.
  • Participated in the adoption of ASC 606, which had a significant impact on the accounting for customer-funded RDE projects.
  • Supported monthly closing, including system monitoring, journal entries, account reconciliations, and quarterly schedules.

Controller

Global Ground Automation Inc
Secaucus, NJ
10.2008 - 02.2017
  • Collaborate with the business manager to ensure integrity in the financial reporting function, and assist management in making informed decisions.
  • Developed a gross margin analysis tool used to evaluate business segment performance and set annual operating plan targets for the division.
  • Assist in the roadmap planning tool to facilitate project prioritization and three-year planning for the division.
  • Provided financial analysis to business partners for customer contract pricing, and negotiation strategies.
  • Partnering with business managers to identify emerging business opportunities with channel partners resulted in a 20% revenue growth and an increased customer retention rate.

Education

Bachelor of Commerce - Advanced Accounting & Auditing

Sardar Patel University
India
01-1991

Skills

  • Financial reporting and analysis
  • Strategic planning
  • Customer relationship management
  • Process optimization
  • Problem solving
  • General ledger management
  • Cross-functional collaboration
  • Budgeting and forecasting

Timeline

Sr Financial Analyst

Honeywell International
10.2023 - Current

Sr Financial Analyst

Honeywell International
08.2018 - 10.2023

Sr Accountant

Honeywell International
04.2017 - 08.2018

Controller

Global Ground Automation Inc
10.2008 - 02.2017

Bachelor of Commerce - Advanced Accounting & Auditing

Sardar Patel University

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