PRINCY ARORA
Flanders,USA
Summary
Top-Performing, results driven, hands-on Financial Director with double Master's degree and 20+ years of experience spearheading financial growth and cost cutting initiatives.
Overview
24
24
years of professional experience
Work History
Manager - Order to Cash
Wakefern Food Corp.
05.2022 - 09.2024
- Direct - Audit, AR and Retail Finance at Shared Financial Services division
- Direct team of 30+ accountants to - Audit receivables from POS to Oracle with over 19B in revenue, Balance Sheet schedules, and Month end financial close for 350+ retail supermarkets, under Shoprite, Pricerite Marketplace, Fresh Grocer, Dearborn Market, Gourmet Garage and Fairway Market banners
- Ensure accurate, timely execution and delivery of store level Audited Cash and Sales, related Balance Sheet Reconciliations/Schedules, Financial Reports - Oracle, POS
- Liaison with KPMG Auditors - facilitate SOC1 audit and respond to subsequent queries
- Support and actively participate in budgeting process while collaborating with leadership
- Participate in negotiation for any contracts, clearing house rates, and vendor terms
- Oversee Pharmacy Receivables and payments from third party for 50+ pharmacies
- Spearheaded Finance Transformation - implemented Bots for automating day to day manual tasks for multiple functional areas - daily AR audit tasks, Third party Pharmacy Receivables - achieving efficiency and accuracy
- Support supervisors from a Systems, Accounting and Human Resource perspective
- Support POS technical support, with requested changes reporting to Cash and Sales
- Create and maintain Chart of Accounts mapping for all Oracle members from POS
- Review and test system changes, and upgrade to Oracle and POS
- Oversee the training, development, cross functional training, evaluation of staff and evaluation of direct reports
Director of Accounting and Finance
Strato, Inc.
03.2021 - 05.2022
- Continuously improve accounting processes, strategic involvement with implementing new ERP - Infor - design dashboards and reporting to gain visibility proactively, transition
- Monthly P&L forecast; analyze budget versus actual performance, trends and variances with business unit leaders
- Oversee A/R and A/P trends - identify variances and resolve
- Review bank reconciliations and coordinate monthly closing process
- Monitor and ensure internal controls are adequate and appropriate for current operations
- Timely and accurately generate monthly financial statement package for multiple entities
- Directed the accounting team - Accounts Payable, Receivable and Financial Analyst
- Collaborated to prepare annual budgets of Business Units by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans
- Review expenses, vendor/supplier costs for reduction and recommend recovery plans as needed to Budget
- Liaison with outside CPA, bank, auditors for Corporate Federal and State Tax return preparation, monthly borrowing base, and 401k annual audits
Director of Accounting and Finance
B Robinson Optical
03.2013 - 01.2020
- Budgeting, forecasting, P&L design - Driving corporate budget process by precise collaboration with Sales and Marketing team to maintain cash flow and spending
- Negotiate costs, contracts, terms, credit availability with vendors, Manage accruals, expense controls and prepaid expenses
- Increase cash-flow, improve credit terms- Maintain weekly cash flow and quarterly cash forecast in conjunction with budget for expense categories, collections
- Monthly, Quarterly Reports - Dynamically innovate and maintain excel tools/templates to generate/analyze monthly, quarterly financial reports
- Liaison with bank - credit line, borrowing base certificates
- Quarterly Royalty, Advertising and Marketing reports to licensor
- Weekly team meeting - Weekly and monthly goals, achievement and evaluation
- Oversee accounting team - A/R, A/P, EDI, and payroll for employees and 1099 non-employees
- Compliance with NJ, NY state reporting, internal control
- Design, develop and implement methods and strategies to continually improve processes
- Process improvement - enhance reports to cut reporting time by 30%, streamline collection process to collect 25% more in 15% less time
Controller
Parade Enterprises, LLC, dba Burger King
09.2009 - 12.2012
- Directed accounting procedures for 25 restaurants in NJ with sales exceeding of $30M
- Oversee team of four office staffs in day-to-day accounting process
- Compile month-end close analysis from restaurant and company perspective
- Measure and analyze financial data and operational information from multiple sources
- Develop and direct complex excel based financial models, analysis tools, to automate and assure accurate, timely data extraction, analyzing and report submission
- Prepare consolidated balance sheets, P&L, and cash flow statements, perform financial analysis
- Established and maintained internal and external communications - reporting controls, serve as a liaison to external auditors and 1200 employees
- Automate processes to improve speed and reliability in processing critical financial information
- Review relevant financial data and trend analysis prior to approval of all capital expenditures
- Analyze trends and resolve inconsistencies in financial entries and reports - Food cost, Sales %
Controller
Sinar Bron Imaging
11.2006 - 07.2009
- Month-end close including journal entries, financial reporting line review and reconciliation
- Responsible for preparing, retrieving, analyzing and interpreting financial statements, budgets and operating results
- Developed management reports - Accounts Receivable, Payables, and Sales Commissions - trained accounting clerks on operating them
- Implemented ERP - NetSuite, setup chart of accounts, transition data, and design reports
- Extracted, processed and validated data from company's accounting system to produce monthly, quarterly - reports
- Prepared and posted Journal Entries, Accrual Entries, record and analyze variable Inventory costs
Assistant Controller
Oved Diamond Company
08.2004 - 11.2006
- Supervised P&L, Cash Flow, Balance Sheet projections and participated in maintaining the company's forecasting system
- Implemented, developed and controlled cash management operations
- Responsible for hiring, training and monitoring accounting staff
- Assisted management in forecasting budgets, preparing financial statements and financial analysis
- Developed financial reports for forecasting analysis of data reported in multiple systems
- Integrated with Sales and accounting to create Sales incentives, Commission structure and Spiffs
Financial Analyst
Europa Diamonds Inc.
01.2001 - 08.2004
- Prepare and analyze presentation and reports which highlight financial and operational results
- Reported to senior management - monthly, quarterly, annual financial performance and key trends
- Implementation of budgets, detailed business plans and forecasts
- Identified and analyzed operational problems and recommend effective solutions
- Responsible for meeting strict internal and external timelines / milestones
Education
Master of Accountancy - Professional Accounting
Rutgers University
New Brunswick, NJExecutive MBA - Global Management
Kean University
Union, NJBachelor of Technology - Computer Information Systems
New York City College of Technology
Brooklyn, NYSkills
- ERP Implementation
- Finance Transformation
- Project Management
- Chart of Accounts mapping
- Internal controls
- Team Leadership
- Complex Problem-Solving
- Staff Training and Development
- Cross-Functional Training
- Contract Negotiation
- Process Improvement
- PeopleSoft
- Oracle
- NetSuite
- ERP Sage 100/Mas90
- Infor Syteline
- Cognos
- Salesforce CRM
- QuickBooks
- MS Dynamics Navision
- MS office – Excel – pivot tables, vlookup
- Excel4apps
- Alteryx
- Workday
- CPA candidate
- Notary Public
Timeline
Manager - Order to Cash
Wakefern Food Corp.
05.2022 - 09.2024
Director of Accounting and Finance
Strato, Inc.
03.2021 - 05.2022
Director of Accounting and Finance
B Robinson Optical
03.2013 - 01.2020
Controller
Parade Enterprises, LLC, dba Burger King
09.2009 - 12.2012
Controller
Sinar Bron Imaging
11.2006 - 07.2009
Assistant Controller
Oved Diamond Company
08.2004 - 11.2006
Financial Analyst
Europa Diamonds Inc.
01.2001 - 08.2004
Master of Accountancy - Professional Accounting
Rutgers University
Executive MBA - Global Management
Kean University
Bachelor of Technology - Computer Information Systems
New York City College of Technology
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