Summary
Overview
Work History
Education
Skills
Projects
Generic

Mihir Parekh

Analyst
Mumbai

Summary

Observant Analyst possessing in-depth knowledge of accounting system and procedures. Analytical professional committed to accurately evaluating, recording and presenting data. Forward thinking, detail-oriented, team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.

Overview

11
11
years of professional experience
2
2
Certifications
4
4
Languages

Work History

Accounts Receivable Analyst

Fiserv
03.2022 - Current
  • Meet daily,monthly,quarterly deadlines for recording of all AR and non-AR cash receipts.
  • Identify and properly record short payments and overpayments and assist in subsequent review of these discrepancies performed.
  • Research miscellaneous AR items to provide details and check copies to support audits.
  • Monitor and distribute incoming requests sent to cash applications general mailbox.
  • Research and resolve client inquiries. Prepare, post and upload journal entries into SAP S4 HANA.
  • Reconcile balance sheet accounts.
  • Provide verbal and written communication to clients maintaining client satisfaction and resolving issues on timely basis.
  • Learning Power BI and Alteryx for process simplification and automation.
  • Using excel for day to day activities.
  • Train newly joined associates on SAP S4 and other internal processes.
  • Developed training materials for associates to refer and adhere to the process.

Accounts Payable Analyst

Willis Towers Watson
06.2013 - 02.2022
  • Generated financial statements to analyze premium and commission.
  • Processed daily invoices, check requests and wire transfers of foreign and domestic currency.
  • Researched and resolved invoice and payment issues for internal employees and external vendors.
  • Posting Journal entries before month-end to rectify transactions and ensuring a smooth month close.
  • Preparing reconciliation reports, discrepancy reports at start of the month so entire team can work and achieve the team goal.
  • Auditing and reviewing recon and discrepancy entries before month-end.
  • Preparing month-end reports and providing clearance numbers to higher management.
  • Conducting account reconciliation for client and carrier books and resolving any dispute.
  • Training and mentoring new associates and assisting them to solve any problems.
  • Maintaining strong relationship with international colleagues and managers.
  • Communicating via emails and calls within and outside the organization.
  • Providing supportive suggestions for bifurcation of responsibilities.
  • Suggesting innovating solutions to optimize our current process and see if we can in-take new work.
  • Solving complex problems of team members or if there is any particular escalation.
  • Handled sensitive and confidential documents and information to maintain corporate reputation.
  • Provided strong customer service and support to prevent invoice and overpayment issues.

Education

Bachelor in Accounting & Finance - Accounting And Finance

Mithibai College
Vile Parle West
05.2010 - 2013.05

Skills

    Planning and Coordination

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Projects

3rd Party Reconciliation System : Currently on the panel to decide if we can buy a 3rd party system for our daily reconciliation. Currently we are working with one of the huge carrier's and testing out the system to check if it will work for us as well as the carrier. I am representing Accounts Payable and am testing the entire system. This project is still going on and have been working on this with our leaders and reporting all the data directly to the Director of Operations as she needs to prepare a business plan for the same.

General Ledger : Migrating general ledger work from the US to India. This is also an on going project and I am being trained directly by the business leader, this also comes under the purview of the Director of Operations. There were 1 lakh items initially which I had to work and then I bought the counts to 20,000.

Canada Transition : In 2018, our company decided to migrate all our Canada accounting work here in Mumbai and I led the project with 2 other associates. All the work was downloaded by me and I used to train the 2 associates. Handled all the queries, concerns, escalations for this case till 2019 and later was able to delegate the complete task to the associates so I could take in other work.

Setting team objectives : This was one of the projects wherein I was working with our HOD and directly reporting to him. The task was to identify the necessary KPI's (key performance indicators), see the feasibility and accordingly set a desired target for each indicator. I also explained the team on basis of which we came up with the logic and gave reasoning. Worked on this in 2016 and the new objectives were in effect from 2017, and till date we use most of those objectives for our team along with the targets which were set.

Others : Some other projects which I was involved in are :- Defining roles, Updating manuals with latest procedures, Setting Oracle for payments.

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