Sayed Merchant Email & Phone Number

Mississauga, Canada

PRACS / CERERO / Allied Research Int’l (Cetero Research) Oct. 2006- Present Manager, Finance/Financial Analyst • Preparing monthly financial reports/package including Budget vs. Actual, Forecast vs. Actual variance reports and flash report for Senior Management.• Preparing annual budget. Reviewing with Dept. heads and Senior Management.• Preparing 3 Months short term and 15 months long term forecast. Frequently reviewing with Senior Management on a monthly basis.• Performing projects profitability analysis and generating several monthly and ad-hoc reports for over 47 projects. Prepared cost accrual JE if required.• Streamline Project Base Revenue Recognition process by developing new % completion process. Recognizing and posting monthly Revenue, Unbilled and Deferred Revenue JEs’.• Reviewing Sponsors contract and suggesting payment terms.• Administrating the Sponsors contract to invoiced in a timely manner to facilitate Cash Flow.• Supervising Financial Analyst and AR Associate. Facilitate their work by providing big picture, guidance, planning and assisting in resolving their issues.• Maintaining capital assets ledger and preparing monthly amortization JE. • Reconciling monthly GL Accounts Receivables, Revenue Accounts, Accrued Liabilities and Prepaid accounts.• Implemented automated timesheet system, to capture the project time cost by project in a timely and accurate manner. The automated process helped the company to capture approx. $470K additional project time. Also acting as a system administrator to setup and maintain the system.• Developed manpower utilization reports to maximize the utilization and assist manpower scheduling for top management.• Streamline the billing process with operation depts. to issue the customers invoices in a timely manner. Introduced the new process to issue all flow thru invoices to maximize the revenue from the contracts.