Onika Raghubansi
Chatsworth,CA
Summary
Seasoned Certified Public Accountant with over fifteen (15) years of experience in public and corporate accounting. Adept at delivering meticulous month-end financial close, with a specialized focus on the distinctive requirements of financial institutions.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Corporate Controller
Velocity Financial Inc. (NYSE: VEL)
08.2023 - Current
- Oversaw all month-end and year-end close processes within a SOX-compliant environment, ensuring accuracy and compliance
- Spearheaded the annual financial audit, fostering strong relationships with external audit teams to facilitate smooth and effective auditing procedures
- Analyze monthly financial trends and metrics, conduct flux analysis, and share comprehensive findings with executive teams for informed decision-making and performance optimization
- Identify and implement enhancements in accounting processes, systems, and tools to improve efficiency and streamline financial closings
- Provide leadership within the department, motivating employees to achieve company objectives and uphold high standards of performance.
Senior Accountant Manager
Velocity Financial Inc. (NYSE: VEL)
05.2022 - 07.2023
- Expanded role to oversee loan accounting and general accounting functions, effectively coordinating activities to ensure financial integrity and efficiency across diverse financial domains
- Review debt analysis to assess the company's current debt positions, examining debt levels, terms, and repayment schedules to gauge overall financial health and leverage status
- Review intercompany transactions for accuracy, completeness, and compliance.
Accounting Supervisor
Velocity Financial Inc. (NYSE: VEL)
01.2018 - 05.2022
- Achieved significant reduction in month-end close cycle, from 22 to just 5 business days, through implementation of automated workflow procedures
- Ensured accuracy and completeness of month-end journal entries and balance sheet reconciliations, endorsing prepared documents by staff and senior accountants
- Played a key role in implementing new general ledger system (Sage Intacct), meticulously reviewing data migration and maintaining integrity throughout the process
- Led the implementation of an in-house sub-ledger system, including rigorous testing and validation of API for financial data integration
- Collaborated closely with executives and external auditors on IPO-related reports and data, ensuring compliance and accuracy in financial reporting with the SEC
- Ensured timeliness and accuracy of financial reporting (10Q, 10K and MD&A) with Securities and Exchange Commission.
Senior Accountant
Velocity Financial Inc. (NYSE: VEL)
11.2015 - 12.2017
- Prepared monthly consolidated financial statements, including balance sheets, income statements, and cash flow statements, accompanied by thorough flux analysis
- Conducted review of various journal entries for month-end close, encompassing eliminations and intercompany transactions to ensure accuracy
- Performed detailed analysis of revenue margins based on Weighted Average Coupon Rate (WAC), contributing to strategic financial decision-making.
Staff Accountant (Reporting to VP of Finance)
Jet Edge International
12.2013 - 11.2015
- Prepared aircraft management statements and facilitated the reconciliation of charter trip-related expenses for designated aircraft within a private jet charter company
- Ensured the efficient processing of a high volume of vendor invoices, ensuring accurate billing procedures
- Conducted thorough verification of data in accordance with contractual agreements to accurately record revenue and analyze fuel costs, contributing to financial transparency and efficiency
- Compiled and prepared commission schedules for charter sales on a monthly basis, supporting effective incentive structures and sales performance analysis.
Staff Accountant (Reporting to Managing Partner)
Hinricher, Douglas & Porter LLP
12.2011 - 12.2013
- Prepared federal and multi-state tax returns for various corporations, multi-tiered partnerships, non-profit organization and high net worth individuals
- Assisted in governmental audits for HUD programs in accordance with Federal Single Audit Act (OMB A-133) and worked closely with partners in preparation of financial reviews
- Responsible for preparing payroll tax returns, business property statement and business tax license for clients on timely manner
- Reconciled general ledger accounts and booked adjusting journal entries as required for clients.
Staff Accountant (Reporting to Accounting Manager)
Sunil Narayan CPA
07.2009 - 12.2011
- Prepared federal and multi-state tax returns for individuals, corporations and assisted in various tax audits
- Performed detailed testing and analysis on cash receipts, cash disbursements and payroll for governmental and non-profit auditing
- Recorded income and expense for various small business entities.
Tax Intern
Posada and Associates CPAs
01.2009 - 08.2009
- Prepared individual income tax returns, W-2, 1099 and related worksheet as needed.
Education
Masters of Business Administration -
California State University, Long Beach
Long Beach, CA01.2023
Bachelor of Science in Accounting -
California State University, Northridge
Northridge, CA01.2009
Skills
- Microsoft Office
- ProSystems Fx
- CFS Payroll System
- QuickBooks
- Quicken
- Lacerte
- Pro-Series
- Accounting for Trial Balance
- Salesforce
- Sage Intacct
- Power BI
- QuickBase
Certification
Certified Public Accountant, California, 2012, Passed all exams on the first attempt
Timeline
Corporate Controller
Velocity Financial Inc. (NYSE: VEL)
08.2023 - Current
Senior Accountant Manager
Velocity Financial Inc. (NYSE: VEL)
05.2022 - 07.2023
Accounting Supervisor
Velocity Financial Inc. (NYSE: VEL)
01.2018 - 05.2022
Senior Accountant
Velocity Financial Inc. (NYSE: VEL)
11.2015 - 12.2017
Staff Accountant (Reporting to VP of Finance)
Jet Edge International
12.2013 - 11.2015
Staff Accountant (Reporting to Managing Partner)
Hinricher, Douglas & Porter LLP
12.2011 - 12.2013
Staff Accountant (Reporting to Accounting Manager)
Sunil Narayan CPA
07.2009 - 12.2011
Tax Intern
Posada and Associates CPAs
01.2009 - 08.2009
Masters of Business Administration -
California State University, Long Beach
Bachelor of Science in Accounting -
California State University, Northridge
Certified Public Accountant, California, 2012, Passed all exams on the first attempt
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