ROHIT R NAYAK
Hamel,MN
Summary
Over 21 years of Professional Blended Business, Quality and Financial Analysis experience with a focus in Oracle Project Accounting and Accounts receivable Fixed Asset/Capital Projects, Visual and Sage. Demonstrated track record providing comprehensive financial forecasting, budgeting, and analysis to the leadership to take timely decisions. Possess strong understanding of financial planning, accounting, and analytics. Extensive qualifications in all facets of information systems methodology from Testing-UAT through documentation, user training, quality review, and enhancement. Skilled communicator, able to build strong working relationships with co-workers and stakeholders.
Overview
19
19
years of professional experience
Work History
Finance Analyst
Wabtec - Digital Train Performance
Minneapolis, MN
10.2022 - Current
- Support business in monthly/quarterly financial and operational results for the business with focus on Commercial expansion, R&D funding, and dashboard digitization across product lines
- Lead revenue monthly closing processes and participate in company-wide projects for revenue accounting as well as order to cash cycles, working closely with Controller, Finance Manager & operational accounting team
- Take initiative on process simplification and upgrade relevant financial systems & operating processes
- Improve finance reporting, management reporting, budgeting, and estimating tools
- Operational partner in preparation for and participation in project reviews working with global locations as needed to obtain necessary information for such reviews
- Track financials throughout quarter and communicate risks & opportunities
- Stay abreast on technical accounting guidance around Rev Rec and Working capital
- Provide support on short- and long-range estimate cycles and associated FP&A requirements
- Develop & execute a process to review Engineering cost in collaboration with Engineering Finance team
- Review investment/cost allocation approach to liquidate Software Development cost to product lines.
Plant Accounting Manager
Wabtec
London, Canada
11.2020 - 10.2022
- Oversee the close process and prepare financial statements/reporting packages
- Evaluate and make enhancements to processes and procedures, internal controls
- Supervise a team of 2 direct employees to ensure the following: Lead, mentor, and development a growing team
- Timely preparation of account reconciliations and analysis
- Intercompany account tracking and reconciliation & booking journal entries
- Prepare quarterly SOX audit requirements
- Prepare information for internal/external audits
- Perform financial & accounting ad-hoc analysis or as may be required from time to time – quite often on short notice – by senior management
- Prepare & distribute various monthly internal financial reports
- Assist with annual budget & strategic planning preparation.
Lead Accounting Specialist
Wabtec
Winnipeg, Canada
- 10.2020
- Participate in monthly/quarterly close processes, including management reporting & account analysis
- Loading monthly Sage balances to Oracle G/L, reconciling account balances (Cash, AR, AP, Intercompany, Pre-paid etc.) on a monthly basis
- Prepare periodic balance sheet analysis
- Engage with auditors to answer questions with regards to control processes and account reconciliations
- Internal monthly billing & revenue recognition for TI projects
- Complete the Sage & Oracle invoice processing, payment processing and AP/AR accountings
- Responsible for verifying, analyzing, investigating and resolving receivable invoice discrepancies
- Partner with and support the FP&A team to help meet their goals and objectives
- Complete required GST, HST & PST tax filings for the site & annual Canadian statutory filling
- Business overall AR reporting, tracking past due & working with stakeholders on dispute resolution
- Compile data for intercompany bill back process, coordinating with the stakeholders
- Implemented & Automated Oracle AR module, gained 80% productivity
- Supporting TP business with Oracle billing/collections for Canada OU
- Collating data, validating, billing to Erie for TI & TP business
- Reconciling & preparing rollforward data for Deferred Income.
Accountant
ATCO Group
Edmonton, Canada
03.2018 - 07.2018
- Monthly reporting and analyzing 24 cost centers such as Finance and Risk, Cybersecurity, Secretarial, Project Management Office, Internal Audit, Treasury and Security
- Conducting detailed variance analysis (Actual v/s budget v/s prior year) on various cost categories such as Salary and Wages, Contract Services, Travel and Living, Other overhead and Allocation expenses
- Reporting the detailed analysis to the respective Cost center owners and responding to the specific questions by querying the GL Wand and Oracle Project Accounting across 11 companies of Atco
- Collating timecard data for internal customer service teams for 125 cost centers across 11 companies, analyzing the data and working on fixing Oracle rejects with different stakeholders.
Functional Manager - Business Financial Analysis Support
Genpact LLC
Houston, TX
03.2010 - 06.2017
- Reconciling Sales report with SmartView & Hyperion interactive report for business metrics like Revenue, COGS and contribution margin
- Analyze monthly trial balance for reasonability and accuracy of balances reported & posting Journal entries, for the countries who were not live on General Ledger
- Monitoring the general ledger accounts ensuring the cost is liquidated and revenue realization is done post job completion in Oracle Projects
- Profit analysis for the jobs completed in Service center, compare actual margins v/s forecasted margins, researching and reporting findings on variance to the stakeholders such as operations and finance
- Monitoring Work in progress General Ledger A/Cs for the services jobs and ensuring they are liquidated in Oracle as soon as the job finished, and revenue is recognized in the Oracle
- General Ledger Balance and Sub ledger balance reconciliation, posting Manual journal entries to correct balance in the General ledger
- Weekly and monthly AR reporting and reconciliation, troubleshooting rejected invoices from PA and OM modules, VAT reconciliation
- Conducting rapid collections meeting with the collections team and Operations team, preparing detailed level data on potential collections, disputes and risk invoices for management review
- Supporting countries on corporate income tax filling, helping the teams with data on invoices billed for the period, payments received, cost invoices, flow of data and accounting in Oracle
- Responsible for monitoring and clearing lines/invoices in reject status in GE internal billing system for Aero Services
- Monitoring and evaluating Estimated cost accrual Balance sheet A/C(ECA), executing reversal process for qualified projects
- Extracting Oracle Project accounting expenditure details for projects with ECA balances across 13 live Operating Units, compare trailing cost and establish and manage a reliable, repeatable process around reversal by coordinating with Operations and Billing teams
- Co-Coordinating with operations team for Capital projects completion in Oracle Capex module and interfacing them to the fixed asset module.
Assistant Manager – Billing and Accounts receivables
Genpact LLC
Bangalore, India
03.2005 - 02.2010
- Monitoring business metrics like billing cycle time, accuracy, analyze reports for invoices billed
- Weekly reporting the business metrics like billing quality, turnaround time and aged jobs to be billed – direct impact on cash flow for the business
- Monitoring margins for the jobs billed, deep dive on jobs with lower margins – strategic recommendation to the business on key actionable
- Implementing order to cash best practices – impacts cash flow (business metric)
- Process standardization for a global business model (1st touch point, customer profiling, dispute resolution, escalation metrics).
Skills
- Financial Planning, Forecasting & Reporting per GAAP
- Variance Analysis ( Actual v/s Forecast )
- Internal Controls
- Process Optimization
- Stakeholder Collaboration
- Cost Accounting
- Auditing &Auditing Support
- Account Reconciliation ( General Ledger v/s Sub-Ledger )
- ERP Accounting- Oracle, Sage and Visual
- General Ledger Accounting
- Expense and Revenue Analysis
- Cost-Benefit Analysis
- General Ledger Journal Entry
- Project Management
- Budgetary Planning
Education
Bachelors of Hotel Management (June 1997 to 2001)
Pursuing CMA
Timeline
Finance Analyst
Wabtec - Digital Train Performance
10.2022 - Current
Plant Accounting Manager
Wabtec
11.2020 - 10.2022
Accountant
ATCO Group
03.2018 - 07.2018
Functional Manager - Business Financial Analysis Support
Genpact LLC
03.2010 - 06.2017
Assistant Manager – Billing and Accounts receivables
Genpact LLC
03.2005 - 02.2010
Lead Accounting Specialist
Wabtec
- 10.2020
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