Mohamed Nimakwala
Hyderabad
Summary
Finance Professional with 14 + years of experience with strong domain knowledge of Fund Accounting in private equity/real estate, Financial Reporting, Account Receivables Management, Credit Appraisal, Customer Relationship Management, MIS reporting and Digital Transformation
Overview
15
15
years of professional experience
Work History
Team Leader
Cognizant Technology Solutions
Hyderabad
04.2022 - Current
- Managing 2 teams of 14 fund accountants providing guidance on technical, accounting and managerial issues.
- Worked on Employee Plans and Carry Plans.
- Trained and mentored other accounting associates.
- Managing relationship with the fund controllers and client's stakeholders.
- Implemented new procedures and processes for fund accounting deliverables, resulting in 10% increased efficiency.
- Handled complete accounting and back-end process for a new fund which included LE creation, Deals and LP allocations and Bank account creation in the reporting software.
- Took the lead to correct the historical discrepancies in GL versus the Main fund Financials for 4 funds.
- Prepared quarterly and annual workpapers, financial statements and capital account statements.
- Prepared Capital calls, Distributions and Waterfall Calculations to LPs / GPs.
- Prepared reconciliations of Books with Main Fund financials.
- Prepared Audit related materials for external audit and financial reporting.
- Prepared Monthly, quarterly and semi-annual reporting required by the US regulatory authorities.
- Reviewed deliverables done by the team and ensuring timeliness, accuracy, consistency and quality.
- Studied root cause of accounting discrepancies to provide corrective actions.
- Managing work in time sensitive situations. Demonstrated good judgment in decision making process.
- Determining Staffing needs and participating in recruiting, hiring and onboarding of associates.
- Assisted in UAT project for implementation of advanced version of Investran.
Accountant
DHL Global Forwarding
Dubai
04.2015 - 07.2020
- Supervising and mentoring a team of 7 Junior Accountants in the Invoicing Function. Assigning daily tasks and monitoring performance.
- Responsible for all aspects of invoice processing and AR transactions including KPI’s and timelines.
- Month End closing procedures and management reporting.
- Monitor status of delinquent and high risk accounts.
- Coordination with Internal Auditors, Statutory Auditors and Legal Consultants – Data sharing, query resolution, management action plan on observations, assistance in preparation of legal notices/ arbitration procedures.
- Key member in digital transformation initiatives – Successful implementation of Cargowise and Oracle ERP used for invoicing through daily interactions with the system integrators and organizing multiple UATs.
Manager
IDBI Bank Ltd
Bengaluru
06.2009 - 02.2015
- Evaluation and analysis of Financial and personal documents for appraisal of Business Loans, Home Loans, Car Loans, Educational Loans, Personal Loans & Gold Loans.
- Sanctioning of Business Loans up to INR 15 Lakhs.
- Calculation of Loan Eligibility against the requirements of customers.
- Handling and Solving Customer queries and complaints.
- Managing a team of 8 Direct Selling Agent (DSA). Setting of individual Targets for DSA and ensuring they achieve the same.
- Training and retention of the DSA team.
Vice President of Marketing
Aggrandizia
Pune
- Developing and implementing a cohesive marketing plan to increase brand awareness and monitoring all marketing campaigns.
- Regular presentations to prospective clients and after sales follow up for any complaint resolution and ensuring customer satisfaction.
- MIS preparation and presentation to Senior Management.
- Streamlining and Supervision of Accounts Receivable and Account Payable Processes
Education
MBA - Finance
Christ University
Bengaluru04-2009
Bachelor of Commerce - Finance
Maharaja Sayajirao University
Vadodara04-2007
Skills
- Fund Accounting
- Financial Reportings and Reconciliations
- Leadership and Team Management
- Regulatory Compliance / Due Diligence
- Excellent Communication and Organizational Skills
- Technical Proficiency
- Superior attention to details
- Problem Solving Skills
- Accounts payable and receivable
- Staff Recruitment and Hiring
- Business Relationship Management
- Change Management and process improvement
Accomplishments
Cognizant Technologies Solutions
- Recognized for leadership skills with the “Employee of the Quarter” Award.
- Award for Best Team performing Team of the Quarter.
- High performance team rating at every semi-annual client review and a very positive feedback and appreciation from the client.
- Reduced attrition in our team by almost 60% providing proper guidance and council and training.
- Increased productivity by 10% by ensuring alignment with accounting standards and reducing rework.
DHL Global Forwarding
- Reduction of Days Sales Outstanding (DSO) from 70 to 61 days through introduction of daily shipment trackers, effective customer interactions and introduction of e- invoicing process.
- Increased invoicing team's productivity by 70% in terms of monthly files handled through automation of invoice value computation.
- Increased invoicing accuracy from 80% to 95% through proper trainings and root cause analysis for invoicing errors.
- Pivotal role in successful implementation of Invoicing ERP.
IDBI Bank Ltd
- Doubled the branch assets disbursements within a year of joining.
- Top 10 Pan India for cross selling 3rd party products.
- Led a team of 8 Direct Selling Agents (DSA) under the branch to one of the topmost positions in Karnataka.
- Certificates for attaining income targets for Retail Liabilities & 3rd party products.
Languages
English
First Language
Hindi
Proficient (C2)
C2
Gujarati
Upper Intermediate (B2)
B2
Arabic
Intermediate (B1)
B1
References
References available upon request.
Timeline
Team Leader
Cognizant Technology Solutions
04.2022 - Current
Accountant
DHL Global Forwarding
04.2015 - 07.2020
Manager
IDBI Bank Ltd
06.2009 - 02.2015
Vice President of Marketing
Aggrandizia
MBA - Finance
Christ University
Bachelor of Commerce - Finance
Maharaja Sayajirao University