Vaishali Mewar
Houston,TX
Summary
Highly motivated and detail-oriented professional with extensive accounting experience in a Fortune 250 company. Demonstrated success in team mentoring and development, as well as process improvement for enhanced efficiency. Known for effective management of multiple responsibilities in the consolidations accounting group. Proven track record of delivering exceptional results and driving organizational success.
Overview
26
26
years of professional experience
1
1
Certification
Work History
Sr. Manager, Consolidation, U.K.
Group 1 Automotive, Inc.
04.2024 - Current
- Company Overview: Group 1 Automotive is a publicly traded, Fortune 250 automotive retailer, with 258 dealerships in the U.S and the U.K with over $17.0B in annual revenues and $7.8B in total assets as of December 31, 2024.
- Led and mentored a team of four accountants and two managers, overseeing day-to-day operations
- Hired and trained U.S
- Manager of Consolidation and mentored U.K
- Manager of Consolidation
- Provided training on assorted topics for all new hires
- Set annual goals and objectives for the team
- Implemented interim and year-end performance reviews
- Managed month-end and quarterly close processes
- Ensured all journal entries were accurately recorded
- Reviewed consolidated balance sheet and income statement, sold store and acquisition reviews
- Reconciled intercompany on a consolidated basis and prepared elimination entry
- Reviewed the goodwill/intangibles reconciliations
- Prepared purchase reserve for tax and prepared quarterly assets held for sale entry
- Reviewed the monthly and quarterly chargeback reserve calculations
- Directed and ensured the team completed tasks on schedule
- Implemented process improvements
- Redesigned the dealer-added equipment and front gross analysis
- Assisted Director to establish a plan to move various close tasks to pre-close
- Assisted Director to eliminate tasks that were no longer necessary due to the growth of the company
- Analyzed accounting for business combinations and disposition transactions
- Handled over 120 acquisitions 49 dispositions over a span of 10 years
- Reviewed asset purchase agreements to ensure all accounting implications were addressed
- Conducted mapping reviews related to the integration of new dealerships
- Prepared all purchase accounting entries related to the transaction
- Ensured the purchase price on the agreement agreed to the entry recorded on the store
- Reviewed acquisition/disposition checklists
- Assisted Director of Consolidation and Corporate Accounting with Oracle FCCS/ERP system implementation
- Attended design meetings with consultants to convey wants and needs
- Tested various components of the system in the testing phase
- Parallel tested six months of data against Hyperion data
- Developed and trained the team on the new system
- Prepared the overall analytical review of the company’s balance sheet
- Prepared the review of the company’s reserve accounts on a quarterly basis
- Reviewed and approved monthly mapping and metadata changes for Hyperion/Oracle FCCS
- Collaborated with external and internal auditors to prepare for and facilitate the financial audit process
- Managed purchase company entities that housed adjustments to align our consolidated results with U.S
- GAAP
- Group 1 Automotive is a publicly traded, Fortune 250 automotive retailer, with 258 dealerships in the U.S
- And the U.K
- And over $17.0B in annual revenues and $7.8B in total assets as of December 31, 2024
- Managed successful onboarding of Inchcape Retail acquisition with 54 dealerships across U.K
- In Aug 2024
- Managed acquisition of 10 U.S
- Dealerships and 6 U.S
- Dispositions in Feb 2024
- Assisted with Oracle FCCS/ERP system implementation in 2023
- Assisted with the acquisition of the Prime group of dealerships in the U.S
- In Nov 2021
Sr. Associate Manager, Consolidations
Group 1 Automotive
08.2013 - 12.2017
- Performed variance analysis on market level financials on a monthly and quarterly basis
- Reviewed and approved audit reports for U.S., U.K
- And Brazil markets
- Automated various tasks that were previously manual
- Wrote and reviewed sections of the MD&A on our 10K and 10Q
- Reviewed purchase company reserve entries
- Assisted the Sr
- Manager of Consolidations with training new hires
- Managed and led the accounting intern program for corporate accounting and consolidations team
- Reviewed quarterly reserve analysis
- Reviewed and posted journal entries
- Participated in year-end impairment testing
- Drafted accounting memos for Negative Cash, Factory AR & Property tax reclass
Sr. Financial Analyst
Loomis
07.2006 - 07.2013
- Responsible for HFM reporting for the U.S
- Division of Loomis
- Supervised staff accountant and account analyst
- Designed and improved processes for reviewing financial data
- Created and reviewed presentations and reports for upper management
- Assisted management during the forecast, business plan and budget process
- Trained colleagues on HFM, account and bank reconciliations
- Performed month-end closing duties including posting journal entries and variance analysis
- Handled inquiries and assisted controllers meet their reporting needs
- Worked with auditors during interim and year-end audits
- Prepared monthly Board book for upper management
- Filed annual reports on behalf of the company
- Transitioned financial data to Securitas format due to acquisition
- Participated in the annual business plan and budget process
- Resolved tax issues with states and handled the state franchise tax payments
- Performed variance analysis for the accounting group
- Created KPI reports for Operations group
- Developed ability to adapt quickly and efficiently to changes within the organization
Staff Accountant
Loomis Fargo & Co.
03.1999 - 12.2000
- Prepared and posted journal entries, ran allocations and financial reports
- Performed general ledger account and bank reconciliations
- Performed P&L variance analysis
- Assisted in conversion of payroll systems from ADP to Ceridian
- Reviewed financial data and presentations for the external reporting group
Education
BBA - Marketing and Finance
University of Houston
Skills
- Team Leadership
- Detail-Oriented Approach
- Effective Communication
- Financial Data Analysis
- Effective Time Management
- Knowledge of GAAP Standards
- Effective Problem Resolution
- Quality Improvement Initiatives
- Project Coordination
- Internal controls
- General ledger
- Adaptability to Change
- Advanced Excel Proficiency
- SmartView Proficiency
- Oracle FCCS
- Oracle ERP
- Hyperion
- Navision
- Qlik
- CDK
- Alteryx
- Monarch
- Foxit
- Adobe
Certification
Filed for intent to sit for the CPA exam
Timeline
Sr. Manager, Consolidation, U.K.
Group 1 Automotive, Inc.
04.2024 - Current
Sr. Associate Manager, Consolidations
Group 1 Automotive
08.2013 - 12.2017
Sr. Financial Analyst
Loomis
07.2006 - 07.2013
Staff Accountant
Loomis Fargo & Co.
03.1999 - 12.2000
BBA - Marketing and Finance
University of Houston
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