Shaishav "Shay" Thakkar Email & Phone Number

Oak Brook, Il

Hoffman Estates, Il

Financial Analyst - Controller Group->Support Sears Financial Services Business Unit in the completion of the monthly close process including, journal entry preparation, preparation or review of account reconciliations and analysis and identification of the significant changes in and components of account balances. Interface with business personnel to understand the components of account balances. ->Responsible for booking several million dollar promotion event related journal entries and reconciling with general ledger for accuracy->Perform monthly invoices to various vendor and follow-up in collection process->Work with external vendor on reconciling their invoice and resolving any vendor related issues->Partnership with Business Unit Directors and assist with their request such as creating expense report, analyzing vendor subsidies and various other ad hoc requests->Work with internal and external auditors on their request and provide proper supporting->Created and written new procedures and enhance exiting procedures Financial Analyst – Home Appliance Business Unit->Perform variance analysis and monitor financial performance against LY/budget/forecast->Prepare and/or review interpretations of financial results. Advises senior leadership on the meaning of the results->Work with Finance Managers to provide reporting and analysis for specific measures within the merchandise group to deliver on productivity goals->Responsible for Board of Directors financial presentations for the CEO office and corporate Senior Leadership Team->Assembles data, reporting, and recommendations on ad hoc analyses requested by finance, merchandising, and senior management->Responsible to both the Sears and Kmart Formats

->Ensure compliance with company approved accounting, control activities, records, ledgers, reconciliations, financial reports in accordance with company policies/procedures, Generally Accepting Accounting Principles (GAAP), tax regulations for the purpose of developing and maintaining timely, accurate and reliable financial data to be used in financial reporting, tax reporting, and control of operating and capital expenses->Experience in calculating complex shared wages, overhead allocation of 15 subsidiary companies, applying multi level scenarios in single worksheet->Perform all aspects of the month end close process- including preparing of consolidated financial statements, aging reports, overhead expense schedule and other subsidiary schedules->Financial statement analysis – comparison of actual results to budget and report results to Accounting Manager / Vice President of Finance->Maintain full and timely compliance with State, Federal and other regulatory agency requirements for management company / DME->Performed year end close and prepare audit schedules for outside accountant with 100% accuracy->Track and report all daily cash activity in an accurate and timely manner to Managing Partner, Vice President of Finance and to management company->Ensure all payroll related components, including PTO, are tracked, monitored and reported in an accurate and timely manner->Initiate an audit of processed paid-time-off by payroll vs. approved PTO and recovered approximately $10,000.00 in overpayments->Transmit all payroll transactions, Federal & State payroll taxes and 401k withholdings in an accurate and timely manner->Analyze costs and benefits for an option to outsource payroll and presented to VP of Finance->Successfully lead a project to automated Microsoft Excel base financial statements to Microsoft FRX financial reporting tool

Oak Brook Il

-> Audited government entities such as school districts, villages, and park districts-> Provided accounting services for not-for-profits and school districts-> Reconciled client account balances to determine accuracy to the general ledger-> Reviewed general ledgers and examine supporting documents and perform test on data to insure proper internal controls-> Reconciled trial balances and bank account, resolved accounting discrepancies and recorded general entries-> Followed and documented the audit trial for each assigned audit in accordance with Generally Accepted Auditing Standards (GAAS)-> Performed consultation for SEC 500 company and worked on special projects-> Performed paperless audit utilizing Caseware auditing software

Greater Chicago Area

->Maintained large volume tax system files by balancing on a regular basis->Produced tax forms-1099 and 1042 to shareholders->Addressed both verbally and in writing, complex accounting and tax topics

Greater Chicago Area

->Recorded and summarized reporting of all fixed asset transactions and adjustments including monthly depreciation expense and ensured accurate calculations->Prepared journal entries and reconciliation of all accounts and amounts related to the Arthur Rodgers management contract related to various LSSI properties->Researched for outstanding errors and correction via journal entries in a timely manner including running and posting management allocation

Greater Chicago Area

->Performed bookkeeping services, set up a new client chart of accounts on QuickBooks software->Created S and C corporation tax returns as well as individual federal and multi-state income tax returns->Researched clients tax issues ( BNA database), closed year end books, and reconciled bank

Bachelor Of Science, Accounting

Bachelor Of Science (Bs), Accounting