Elroy Fernandis
Paldagudde House,Renjala Post,Karkala
Summary
Detail-oriented financial analyst with 5 years of experience in financial analysis, accounting, and audit, with proven success in project budgeting, financial forecasting, revenue recognition, and variance analysis. My expertise in Excel and financial software applications, combined with my attention to detail and analytical skills, makes me confident in my ability to make a valuable contribution to any finance team.
Overview
6
6
years of professional experience
Work History
Financial Analyst
Precision for medicine
Bengaluru
10.2023 - Current
- Support the project teams in all financial areas associated with running a clinical trial.
- Preparation of the monthly invoicing worksheet, which is the source document for client invoicing and the source of revenue recognition.
- Performing variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
- Reviewing work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities.
- Support the monthly project review meetings on an as needed basis.
- Providing support to the Manager, Operational Finance and Vice President, Operational Finance in the preparation of contract documents (statements of work and change orders).
- Work with Company Accountant to provide support to the financial reporting and general ledger functions.
- Work with Company Accountant to provide support to ensure an accurate and timely monthly, quarterly and year-end close.
- Work with Company Accountant to ensure the timely reporting of all monthly financial information.
- Analyzed profit margins for the studies, highlighting key insights to functional leads, which informed data-driven decision-making and improved operational efficiency.
- Preparation and timely submission of monthly invoices to clients, ensuring accuracy and providing tailored input to address client-specific requests and requirements.
- Implemented comprehensive Standard Operating Procedures (SOPs) to streamline study processes, ensuring accuracy, consistency, and enhanced efficiency across projects.
- Responds to inquiries from the CFO and Vice President, Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects.
- Assist in development and implementation of new procedures and features to enhance the workflow and internal controls.
PROJECT FINANCE ASST1
IQVIA RDS (INIDA) PRIVATE LIMITED
BANGLORE
06.2021 - 10.2023
- Approving the project contracts and provide financial advice on the payment terms & payment schedule to have profitable and positive cash flow position.
- Timely uploading the contract budget into PeopleSoft tool and perform periodic review for accuracy and completeness to identify budget variance and avoiding overruns.
- Analyze the financial information and monthly report to provide accurate and timely financial recommendation to the project team for decision making purposes.
- Conduct monthly project review and analysis of assigned projects, including review of revenue recognition, project performance and proactively participate in the project meeting for discussion to identify, communicate and address financial issues.
- Evaluate financial performance of the projects by comparing and analyzing actual result with forecasts.
- Manage relationship with external auditor and prepare supporting schedules and analysis for quarterly reviews and for annual audit.
- Tracking the unbilled revenue, advance utilization and unpaid invoices.
- Highlighting deviations in key project performance metrics- backlog variance, write-offs, over the limit revenue, contribution margin/realization also providing relevant project level reporting and reconciliations.
- Provide accurate and timely financial information and resolution to the project team regarding any financial discrepancies or queries.
- Preparation of analysis, commentary and presentation material for financial reviews with the finance and business senior management.
- Review monthly project performance report ensuring all department an agencies are operated within allocated budgets and investigate excessive expenses and reporting discrepancies.
- Collaborate with the project operation team and provide timely information require by appropriate management to review result of the project analysis.
- Investigate and provide analysis of the project performance by highlighting the drivers of variance vs budget and the forecast.
- Perform the recon activity and close the completed project.
ACCOUNTS /AUDIT ASSISTANT
Pinto and Associates
Mangalore
02.2020 - 02.2021
- Preparation of books of accounts for businesses (by using Tally software) and audit of books of accounts.
- Verification of all the periodic transactions.
- Prepare bank reconciliations.
- Have worked on assignments involving - Preparation of India income tax returns for individuals having salary, rental, interest, business income and capital gains from the sale of properties and financial assets like shares, mutual funds etc.
- Preparation of GST returns for Regular and Composition tax payers.
INTERNSHIP
Stock holding Corporation of India limited
Karkala
06.2019 - 07.2019
- Ensuring the highest levels of service to the clients.
- Profiling Customers and suggesting financial product to meet customer needs.
- Formulate and decide views on industry and companies based and technical and fundamental analysis.
- Conduct research, analyze financial information, and make predictions regarding financial matter.
Education
M.B.A - Finance and Marketing
St Aloysius Institute of Management And Technology
Mangalore05-2019
B.Com - Accounting and Taxation
Sri Bhuvanendra College
Karkala05-2017
PUC - Accounting
Sri Bhuvanendra College
Karkala, KA04-2014
Skills
- Financial reporting
- Revenue recognition
- Budgeting and forecasting
- Variance Analysis
- Project management
- Advanced Excel
- Client invoicing
- MS Office
- PeopleSoft Financial
- Power BI (Basic)
Timeline
Financial Analyst
Precision for medicine
10.2023 - Current
PROJECT FINANCE ASST1
IQVIA RDS (INIDA) PRIVATE LIMITED
06.2021 - 10.2023
ACCOUNTS /AUDIT ASSISTANT
Pinto and Associates
02.2020 - 02.2021
INTERNSHIP
Stock holding Corporation of India limited
06.2019 - 07.2019
M.B.A - Finance and Marketing
St Aloysius Institute of Management And Technology
B.Com - Accounting and Taxation
Sri Bhuvanendra College
PUC - Accounting
Sri Bhuvanendra College
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