James Varghese Email & Phone Number

Wayne, Pa, Us

*Operations focused CFO managing all financial aspects of a specialty manufacturing company, including accounts receivable and payable, payroll, 401K and healthcare benefits, monthly financial statements to investors, board meeting reporting, tax filings to 13 states, a yearly audit with Ernst & Young, internal reporting and ad hoc analyses.

* Key finance lead on one of GWS’ largest and most visible first-generation outsourcing contracts, with $540MM in annual revenue, ~11MM of operating space across 14 countries and over 250 account employees. *Took over and directed completion of monthly reporting of ~$80-120M of accrued, actual, and capital costs to client. Was the point person for all questions regarding costs and accruals for all 120K lines of the report, for all countries on the account. *Refined all month-end accrual processes for more accurate accruals as well as tighter integrations with reporting databases. *Managed all internal CBRE budgeting, forecasting, accounts receivable and variance analysis in addition to client budgeting.

*Trusted by CBRE leadership to help stabilize and build GWS’ relationship with Biogen in their first-generation outsourcing contract.*Provided direction and worked closely with operations teams to help manage and prioritize costs across 2.7M of operating space.*Streamlined problem areas across the account by identifying and documenting solutions to share with the broader team, many of whom were new to CBRE & CBRE systems. Quickly became a trusted go-to person for all manner of issues, finance and non-finance.*Contacted and worked with over 200 vendors to transition their invoicing to CBRE from Biogen. Proactively reached out to client finance and operations teams to establish strong working relationships that have continued to today.

*Supported the Americas VP of Sourcing as well as a diverse group of over 40 employees including business development teams, category management teams and vendor enablement teams in providing sourcing support and savings to the CBRE organization. *Assisted regional and global executive leadership in the achievement of contractual and operational savings targets using score carding, value-add reporting and providing additional support for underachieving accounts. *Directed all financial functions for one of the largest cost centers for CBRE GWS, including all budgeting & forecasting, invoicing (both AR & AP), accounting and strategic planning. Accomplishments included charge-off rates of less than 2% on annual billings of $5M and driving year-end results to exceed budgeted targets by significant amounts. *Considered the single point of contact for sourcing related finance questions from the account, platform, and vendor level.

*While still working on and then demobilizing another contract, assumed leadership of management and financial functions for a facilities management contract with Pfizer covering 7 sites in the US, Puerto Rico and Canada with 8.6M of operating space and generating $26M annual revenue.*Quickly became a subject matter expert and knowledge center for the account, providing contract review and interpretation and commercial model management (scope & task structure) while developing into the account point person for issue resolution. Served as key finance voice in contract extension, renegotiation and demobilization conversations with client leadership.*Conduct variance analysis, investigating and assessing current costs and reviewing future liabilities. Consistent cost control and review helped increase account margin by 270K (31%) year over year and provided leadership with explanations for areas of discrepancies and improved forecasting accuracy.*Develop direct reports in the US and PR to their full potential by providing coaching, training, and other development opportunities by establishing goals, reviewing employee performance, and providing timely, candid and constructive performance feedback.*Create monthly journal entries, perform account and balance sheet reviews and reconciliations and serve as the point of contact for internal and external audit teams.

*Managed financial and administrative functions for one of Johnson Controls’ (JCI) largest facilities management accounts covering 15 sites with 10.2M of operating space and generating $150M annual revenue over several lines of business.*Worked with account leadership team in analyzing and effecting sound commercial decisions while serving as a conduit for standardized finance processes and corporate business operating standards, initiatives and best practices.*Provided oversight of all financial processes including accounts payable, accounts receivable and billing while managing weekly payroll for over 570 employees, including 130+ union workers operating under several different collective bargaining agreements.*Implemented technology changes to improve payroll, AP, and billing processes, with highlights including driving down payroll processing time from a 2 person, 2 day time commitment to 1 person, 1 day, taking total AP issues from over $11M to under $1M, lowering unbilled receivables from $15M to $3M and reducing the number of overdue AR invoices from 360 to 0.*Revitalized areas of low client satisfaction by proactively reaching out to and working with customer’s finance and operations staff to establish, foster and maintain strong working relationships across local, regional and virtual teams.*Quickly became a subject matter expert and knowledge center for the account, providing contract review and interpretation and commercial model management (scope & task structure) while developing into a key point person for issue resolution. *Discovered and successfully billed over 400K of underbillings after comprehensively reviewing account contracts.

Zamudio, Vizcaya, Es

*Managed a construction project's financial aspects during all phases of a project's life cycle (planning and pre-construction, construction and project closeout) and provided product and service cost analyses, short- and long-term trending and forecasting, budget variance analyses and process improvement recommendations.*Monitored purchases of components for projects as well as various logistics and construction costs to ensure that project accounting was accurate and well supported. Directed the proper accounting of sales and expenditures in SAP under a proprietary percentage-of-completion revenue recognition model.*Reviewed customer contracts to ensure accuracy of revenue recognition and transfer pricing models in budgets and forecasts.*Developed, maintained and updated project costing models (EACs) and interfaced closely with the construction & logistics directors to ensure that project estimates reflected the most complete information possible.*Created analytical models and reports to convey key issues to construction management and Gamesa’s steering committee. Utilized data from SAP and other sources to create dashboards and detailed reporting for distribution to leadership teams.*Worked closely with project managers, on-site personnel and other divisions of the organization to control spending at sites and directed rebilling to internal and external customers for reimbursable costs.*Provided financial support as controller to a several departments, including the sales and marketing teams, by coordinating with various department heads to develop and adhere to budgets and forecasts and provided causes of and solutions to any variances.*Provided ad-hoc analysis for the CFO, Global Division heads and various directors as needed. Created several reporting tools and functional profit and loss reports for other divisions of the company.*Maintained and updated much of the detailed inventory, project, capitalization and profitability modeling for the company.

Zamudio, Vizcaya, Es

*Provided financial support to the logistics and planning departments of Gamesa Wind US’ wind turbine sales and installation arm.*Supported the development of the budget and quarterly forecasts by developing, cataloguing and implementing good working processes and procedures in the project budgeting, forecasting and operational phases.*Analyzed and controlled all costs and capital investments associated with the movement of wind farm components and the equipment necessary for the delivery and installation of wind turbines to various projects throughout the US and Mexico.*Created and maintained project estimate models (EACs) tracking outbound freight and other logistics costs as well as providing accurate estimates of future costs. Ensured costs were accurately and completely recorded using the correct work breakdown structures (WBS) in SAP, leading to accurate cost accruals and timely month-end financial closings and financial reporting.*Produced analytical reports for management that detailed spending on a monthly and project-to-date basis, provided comparisons to budgets and forecasts and explanation for all major variances.*Provided both operational and customer relationship support in Gamesa’s first project in Mexico, ensuring timely deliveries and prompt payments to both vendors and governmental authorities leading to a project that finished under budget.*Provided ad-hoc analysis and review of multi-million dollar contracts entered into with subcontractors as well as cost impact studies of project delivery delays and the reassignment of components.*Supported the development of several of the driving models of the business, including transfer price models, revenue recognition models, capitalization models and the inventory reconciliation model.

Zamudio, Vizcaya, Es

*Provided ad-hoc support to Gamesa’s purchasing, manufacturing and planning divisions to optimize scheduling of construction and logistics activities across competing projects and to assist in analyzing components on a true (freight-inclusive) cost basis.*Provided financial support as controller to a number of other departments, checking budgetary compliance, recommending cost savings measures to reduce spending and ensuring that all expenditures of company resources were efficient and effective. *Tracked, analyzed and maintained current information on the operations business scorecard and key performance indicators.*Interacted, collaborated and supported business partners located in various parts of the US as well as Spain and Mexico.*Valued by management and team members for analytical skills, dependability and ability to learn and apply new concepts.

Zamudio, Vizcaya, Es

*Worked with supervisor to help develop an Access database using data from SAP, accounting categorizations and other sources that drove a functional P&L reporting package for the Gamesa USA organization as a whole and in each of its separate entities.*Developed the first-ever monthly reporting package, by department, for the entire US organization using pivots, Access databases and VBA to expedite the flow of data. Have continued to maintain, update and distribute this reporting package as well as the above database even after several promotions.*Developed project reporting files to be used on a weekly basis to identify trends in overpayment and for optimizing the entering of SAP purchase requisitions into the appropriate work breakdown structure (WBS) categories.*Assisted in update and automation of several reporting files, including AR and AP aging reports and intercompany reconciliations.*Took on increasingly larger roles in preparation for and presentation of monthly review meetings including the monthly Management Discussion and Analysis (MD&A) meeting with Gamesa’s Global Management Team.*Created and prepared a monthly financial results presentation for the MD&A while working with the CFO and other Directors of Finance to identify significant trends and financial issues appropriate for reporting to Global Management.*Facilitated creation of detailed departmental budgeting files and assisted in all aspects of the budget process, from the drafting of a written procedure on the use of budget files to hands-on training in budget preparation and providing oversight and review.*Identified and addressed vendor inefficiencies that dropped annualized communication expenses from $1.2M to $704K.*Increased productivity levels across the finance and accounting group by supplying Excel and Access support and providing key contributions toward automation of account reconciliation processes and other departmental tasks.

Us

*Responsibilities include the lead role in coordinating bi-annual budgeting efforts for $310 million in operating expenses.*Spearheaded the development, design and distribution of an Excel-based budgeting template and trained business partners on its use.*Manage the monthly variance analysis process from the initial data collection and categorization stage through the final presentation.*Prepare thorough month- and year-end financial reports and partner with department heads to prepare annual plan and revenue forecasts. *Developed several detailed 10-year portfolio cash flow models complete with detailed and variable assumptions to satisfy necessary disclosures for potential JV partners.*Assisted the finance director in the development of the company-wide operations budget, five and ten year plans, corporate investment strategy recommendations and other financial initiatives.

Charlotte, Nc, Us

*Directly accountable for the day-to-day analyses of compensation paid to affinity groups who had contracts with MBNA.*Prepared, maintained, and presented to senior management the group compensation budget of over $610 million and supported the development of the long-range plan for the U.S. Credit Card division.*Responsibilities included keeping current with new group signings/renewals/re-negotiations/releases while communicating the impact on group compensation to various business partners. Attended and participated as the finance liaison in group compensation meetings with business partners.*Developed and implemented process improvements by creating shortcuts, utilizing spreadsheet automation and creating more efficient ways to complete compensation analysis while ensuring data was current and accurate.

Buffalo, New York, Us

*Scheduled, coordinated and produced analyses covering a wide variety of industries, including real estate and health care, among others.*Interacted with companies at various points in their growth cycles and prepared debt covenants, conditions and controls accordingly.*Gathered information from various sources, including company management, relationship managers and outside sources (ex. Dun & Bradstreet, Experian, and the SEC) while autonomously preparing commentary for review by senior management.*Prepared Excel cash flow models using various interest rate scenarios when necessary.*Part of a credit culture that improved credit factors, decreased net charge-offs and dropped bank-wide credit loss allowances to 1.63% of total loans.

Buffalo, New York, Us

*One of 15 recruits chosen from over 1,100 applicants to be accepted into and complete a rigorous training program designed to prepare graduates for branch management positions.*Designed and developed a proposal for an employee recognition project that was presented to the executive board and has been implemented bank-wide.*Assistant-managed a branch with retail deposits of over $8 million. Responsibilities included maximizing loans and deposits by developing new business as well as maintaining present customers through a directed market plan. Provided guidance and training to 5 branch personnel.

Bachelor Of Science (B.S.), Business Administration And Management, General

Education record