Summary
Overview
Work History
Education
Skills
Timeline
Generic

Turab Jafri

Irving,TX

Summary

A detail-oriented investor Accounting professional with FHLMC, FNMA and PLS reconciliation experience Holds an MBA and a Bachelor of Finance Analytical Financial Analyst known for high productivity and efficient task completion. Specialize in financial forecasting, risk management, and data analysis. Excel in problem-solving, critical thinking, and communication to achieve goals and drive business success.

Overview

2025
2025
years of professional experience

Work History

Financial Analyst II / Reconciliation Analyst II

Shellpoint Mortgage
Coppell, Tx
06.2023 - Current
  • Performed bank reconciliation of 85 PLS AA Portfolios strategically and meticulously in order to reduce the monthly breaks within the compliance and regulation's guidelines
  • Researched aging items and confirmed that all outages have been properly identified and drove the correction of these items
  • Performed quality control of recons every month after the cut off time

Investor Accountant II

PennyMAC Financial Services
Dallas, TX
05.2022 - 02.2023
  • Performed bank reconciliation of 15 portfolios of FNMA & FHLMC strategically and meticulously in order to reduce the monthly breaks within the compliance and regulation's guidelines
  • Researched aging items and confirmed that all outages have been properly identified and drove the correction of these items
  • Researched reserve items assigned by management to meet our goal for receivable project
  • Performed quality control of recons every month after the cut off time
  • ACHIEVEMENTS
  • Successfully controlled the number of outages in recon
  • Successfully reconciled half a million loans in accordance with investor guidelines

Financial Analyst II

Nationstar Mortgage
Dallas, TX
11.2018 - 04.2022
  • Provided financial reporting and business analytics support to strategic business programs and key business functions
  • Collaborated to identify key drivers and trends of financial performance and communicated proactively with management in the supported business
  • Published daily, weekly, and monthly business reporting to support key initiatives
  • Enhanced existing reporting and developed new reporting to address program changes as business needs evolved
  • Identified action items in periodic business reviews, and diligently followed up to bring satisfactory closure of issues
  • ACHIEVEMENTS
  • Successfully controlled the number of outages in the branch error account
  • Successfully developed weekly and monthly reports to represent branch error account to top executives

Investor Services Specialist II

04.2015 - 11.2018
  • Managed the big portfolio of FHLMC with 65,000 loans strategically and meticulously in order to reduce the monthly breaks within the compliance and regulation's guidelines
  • Researched aging items and confirmed that all outages have been properly identified and drove the correction of these items
  • Researched reserve items assigned by management to meet our goal for receivable project
  • Assisted with project (KR7) for clearing outages related with pending claims
  • Performed quality control of recons every month after the cut-off time
  • Prepared FHLMC team for audits, and ensured no issues arise during audits
  • ACHIEVEMENTS
  • Successfully controlled the number of outages in recon
  • Assisted with KR7 project that included research of outages, and project management skills (i.e., how to best coordinate with other department and present data)
  • Streamlined and eliminated manual processes by automating the procedures for bank reconciliation, which helped the department to allocate more time to variance analysis and root cause resolution

Accounting Analyst (Financial Analyst)

Nefab America
Coppell, TX
06.2014 - 12.2014
  • Maintained the budget model to account for significant changes in the business environment
  • Performed variance and trend analysis by confirming consistency of reporting over time related to budget
  • Reviewed and analyzed budget submissions for feasibility
  • Facilitated management's decision-making process on key business initiatives as they related to key business estimates
  • Analyzed accounts receivables and accounts payables to increase net working capital of various divisions
  • Prepared and analyzed monthly, quarterly and annual financial statements and management reports accurately and in a timely manner
  • Performed various accounting tasks, such as preparing accurate and timely financial statements and supporting financial information for two divisions
  • Developed ad-hoc reports to assist better decision-making among management
  • ACHIEVEMENTS
  • Successfully led a project to analyze various scenarios to increase net working capital of various divisions
  • Took initiative to develop new reports from IBM Cognos & FRX Reporting for reporting revenue, operating expenses, EBITA, etc., which led to significant time savings
  • Developed and implemented an efficient process for physical inventory which resulted in resolving the recurring issue of large variances in inventory valuation

Merchandise Accounting Analyst

Sears Holding
Plano, TX
06.2010 - 06.2014
  • Performed and monitored Sears merchandise transactions in the general ledger
  • Handled entire inventory processes and ensured that it is carried out in an efficient and effective manner
  • Reviewing reconciliations for each month-end
  • Interfaced with external and internal auditors in reviewing inventory activities
  • Reviewed various inventory reports, identified key trends, variances, and areas needing improvement
  • Provided information and assistance to management regarding cost and sale of inventory
  • Performed ad-hoc analysis and forecasts for internal management team and external customers

LEASE Accounting Analyst

  • Responsible for month/quarter end close process for lease accounting
  • Responsible for analysis and reconciliation of 60 plus accounts for the lease portfolio
  • Managed all reporting, analysis and reconciliation functions
  • Responsible for accounting, billing and reconciliation of retail and lease subvention programs
  • Maintained lease properties, tenant accounts, payments, billings and accruals
  • Co-ordinated new tenant setup and new lease setup in JD Edwards
  • Processed and paid rent, CAM, tax and insurance expenses to property owners
  • Worked with upper management to prepare yearly budgets & forecasting
  • Prepared accruals and amortization schedules and uploaded monthly reports
  • Reviewed the analysis and reconciliations performed by the staff to ensure accuracy of the information
  • Co-ordinated the preparation of financial statements, and assisted in the annual auditing processes
  • Processed invoices and payments
  • ACHIEVEMENTS
  • Successfully implemented strategies to reduce costs of the organization by renegotiating lease terms with landlords, resulting in savings in excess of $250,000 in a fiscal calendar
  • Took initiative to analyze variances in AP ledger which led to resolving over $800,000 in billing errors

Education

Master's in Business Administration - Accounting

University of Dallas
Irving, TX
12.2011

Bachelors of Science - Finance

Roosevelt University
Chicago, IL
12.2005

Skills

  • Intermediate to advance Word, PowerPoint, Visio, and Excel skills (eg pivot tables, v-lookup, macros)
  • IBM Cognos, SAP Business Object, FRX Reporting, Essbase, LSAMS, People Soft and Lawson

Timeline

Financial Analyst II / Reconciliation Analyst II

Shellpoint Mortgage
06.2023 - Current

Investor Accountant II

PennyMAC Financial Services
05.2022 - 02.2023

Financial Analyst II

Nationstar Mortgage
11.2018 - 04.2022

Investor Services Specialist II

04.2015 - 11.2018

Accounting Analyst (Financial Analyst)

Nefab America
06.2014 - 12.2014

Merchandise Accounting Analyst

Sears Holding
06.2010 - 06.2014

LEASE Accounting Analyst

Master's in Business Administration - Accounting

University of Dallas

Bachelors of Science - Finance

Roosevelt University

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Turab Jafri