Vivek Sabharwal Email and Phone Number

Financial Planning and Analysis

Responsible for Strategic and Operational Budgeting, Forecasting, Variance Analysis.Developed Internal reporting structure which included creating detailed center level hierarchies.Lead a team of Internal management reporting providing segment level profitability analysis.Implemented FTP system.Managed Incentive Compensation Programs for sales staff.Assisted Project Management office in vendor selection and providing Finance input including cost-benefit analysis for all new projects undertaken.

Managed Incentive Compensation program for field officers.Responsible for accurate and timely reporting of weekly performance of Sales Executives based on the spread achievement as compared to their % to target.Spearheaded implementation of SAP FICO system from FP&A business side. Superuser for North American FP&A Operations.Created financial forecasting model for Retail Loans that included Balance sheet, P&L and margin calculations.Developed and produced standard consolidated reporting for financial results and associated metrics.Coordinated consolidation of the monthly forecast and annual business plan for GMAC’s North America operations.Prepared variance analysisAutomated management reporting for GMAC’s North America operations using SAP, Pivot tables and advance excel functions.Preparedad hoc presentations and reporting for various levels of senior managementWorked with business units to understand financial results, forecast changes and understand overall business performance

Responsible for managing all aspects of budget. Prepared consolidated 18 month rolling forecast.Provided explanations on the variances between Actual and plan/forecast on monthly basis.Responsible for calculation of FTP expense/income and reporting on FTP basis.Member of a management team responsible to ensure month-end close timely and accurately. Assisted SEC Reporting group in preparing quarterly and annual reports.

Coordinated, controlled and monitored certain Accounting operations like closing of books and variance analysis.Reviewed and approved both Balance sheet and Income statement reconciliations prepared monthly by Accountants, accounting assistants, and clerical staff. Responded to questions from auditors and management.Responsible for implementing reconcilement software by Checkfree and trained other users.

Prepared and analyzed daily and/or monthly G/L accounts reconciliation.Prepared monthly reconciliation of Treasury accounts. Prepared and analyzed daily reconciliation for accounts on trust and mortgage side of business.Prepared and analyzed Sales and Wires in Process Accounts reconciliation. Prepared monthly reconciliation of merchant services accounts.

Prepared Demand Drafts and Bankers Checks.Checked daily report of cash balance and cheques of tellers’ transactions. Designed a spreadsheet for tellers to tally cash daily.Worked on clearing of local and outstation checks.