Revenue Recognition Senior Management

Ph#347-***-****

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DILYAVER VELIYEV, BA

PROFESSIONAL EXPERIENCE

Ingrao DPC, USA, NYC

Sr. Accountant (contract) 11/2023–07/2024

Overseeing all accounting and financial functions.

Established budgets, developed annual financial plans and projections

Conducted analysis of financial risks and benefits on business initiatives. Analyzed performance against the business plan.

Analyzed monthly/quarterly financial statement results, including variance explanations for revenue, COGS (margin), labor and all operating expenses.

Conducted weekly/monthly financial assessments and generates reports to be submitted to senior management.

Developed and managed monthly revenue close process to ensure accurate and timely reporting. Managed monthly unbilled balances to identify trends/problems and improved collection rate on receivables.

Overseeing all audits and internal control processes. Ensured adherence to financial, labor and insurance requirements.

Managed implementation and maintenance of price tables to ensure proper reimbursement and contract compliance.

Managed payroll and commission processes, overseeing monthly sales tax payments. CBRE, USA, NYC

Sr. Accountant (contract) 03/2023–08/2023

Reviewed/ analyzed revenue contracts to ensure compliance with accounting standards and company policies

Assessed revenue recognition implications of complex contracts and provide guidance to cross-functional teams

Maintained collaborative relationships with sales/finance teams to ensure accurate and timely recording of revenue transactions

Performed revenue calculations: revenue allocation, deferred and unbilled revenue accounting, associated accrued liabilities related to unbilled revenue

Prepared balance sheet reconciliations related to the revenue area

Maintained revenue-related documentation: contract summaries, revenue memos and recognition checklists

Assisted in the preparation of financial statements, including revenue-related disclosures

Supported external audits by providing documentation and explanations related to revenue recognition

Participated in process improvement initiatives to enhance the efficiency and effectiveness of revenue recognition processes Downing Street Group, Canada, ON

Fund Accountant 04/2021–01/2023

Maintained accounts for assigned projects/assets portfolio, budget versus actual variance analyses

Assisted in the design and preparation of budgets for management review

Prepared monthly bank/sales commission, trust deposits reconciliations, HST returns, property tax, FSt & reports

Analyzed accruals to ensure adequacy and adjust as necessary, reconciled sub-ledger to general ledger account balances

Ensured compliance with Group internal policies, procedures and best risk management practices

Provided accounting support for mergers and acquisitions by reviewing financial information; converting data to general ledger system; obtaining supplementary information for preparing FSt

Prepared cash calls – Draws/Waterfall, reconciled project distributions/contributions to ensure sufficient project liquidity

Assisted in cash flow reconciliations and analysis, monthly compliance reporting to lenders, government and partners

Ensured all financial reporting deadlines are met and the confidentiality and security of all financial files

Assisted CFO with special projects/workflow control process improvements Distrikt Development, Canada, ON

Sr. Accountant 09/2019–04/2021

Reviewed GL to ensure proper GAAP recording of income/expense and BSh items for all projects

Performed timely month-end close and ensure recording of all transactions, set up monthly accruals

Prepared/processed cash calls - Draws, recorded/reconciled project distributions/contributions, attended draw meetings

Worked with development managers to ensure that projections of final costs and yields are accurately reflected

Assisted development managers to create monthly cash forecast for development projects

Maintained multiple bank accounts sales commission and trust deposits reconciliations

Set up pre-development/development project jobs and monitor related budgets, analyzed actuals Vs budget data

Assisted VP Finance to prepare monthly/quarterly reports for all information stake holders

Reviewed lease documents to ensure proper accounting and input into accounting system

Obtained/reviewed leasing assumptions and assist in the review of the quarterly forecast and annual budget Ph#347-***-****

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Ensured that proper approvals are obtained for invoices, budgets/draws/contractors requisitions

Communicated with the other managers to support overall department goals and objectives

Provided support to the external auditors, responded to queries regarding financial results, special reporting requests etc.

Assisted VP Finance with special projects/workflow process improvements, supervised junior staff as needed

Performed other duties and/or special projects as assigned. Stolport Corporation, Canada, ON

Accountant 02/2019–08/2019

Full accounting cycle and external auditors support

Financial statement preparation and remittance reporting - WSIB, EHT and HST

Maintained efficient cash flow control through banks reconciliation and bank Vs daily sales reports analysis

Periodic revenue analysis, reporting to Ports Toronto authorities related to operations (parking, ferry, airplane landing fees, aviation fuel) for profit-sharing purposes, based on contractual obligations and annual audit requirements

Prepared project budgeting/forecasting and document packages for loan approvals

Maintained AP & AR functions by timely issuance/processing of invoices and statement reminders

Managing vendor accounts, resolved invoice discrepancies and discovering duplication of unauthorized parking tickets

Verified customer payments through Chase Merchant Services and Moneris Solutions. Linked it to bank statements for reconciliation purposes

Managed and reconciled fuel inventory based on operational reports

Other revenue/cost on demand ad-hoc analysis

Contract positions 12/2017-01/2019

Double Z Investment, Climb Credit, Norseman Construction, Accountemps Talon International Development, Canada, ON

Accountant 01/2012-10/2016

Managed AP/AR/Holdback receivables, prepared and processed POs requisitions

Followed up overdue collections, prepared HST/ETD/WSIB remittances

Analyzed and prepared monthly accruals and reconciliations of various balance sheet accounts

Consolidated inter-company transactions and reconciliations including foreign currency accounting

Monitored compliance of approval levels, verified vendor statements

Prepared monthly cash requirements forecast, deposits, EFT payments and journal entries

Maintained cash flow reports by summarizing information from GL and bank statements

Prepared bank reconciliations for all bank accounts

Assisted with accounting for capital assets including additions, dispositions and depreciation entries

Coordinated cheque processing, credit card and electronic deposits/withdrawals transaction reconciliation

Assisted with budget/forecast submission, Financial Management reporting and analysis

Booked accruals to ensure proper account reconciliations/accurate reporting, assisted in closing process

Reviewed accounting transactions to identify discrepancies and to produce accurate/credible financial data

Assisted in financial statements preparation and obtained sign-off to ensure timely submission for Reporting

Prepared working papers to support year-end audit process and respond to auditor requests as required.

Other ad-hoc projects as assigned.

Met Cap Living, Canada, ON

Property Administrator/Leasing agent 06/2010–01/2012 BDO Moscow

Manager, Audit 02/2006–10/2009

Lead compliance related audit/consulting engagements in FMCG/CPG, Retail and Manufacturing sectors based on IFRS/US GAAP. Adjust the audit approach to the changing client environment

Maintained productive working relationships with client throughout the year

Managed fieldwork on clients’ sites and interacting with clients to collect all the necessary data and information

Completing audit processes and documenting higher-risk areas, analyzing the data to make sure it is true and fair

Supervised Audit Department, develop people by delegating tasks/providing guidance. Monitored and evaluated staff performance

Analyzed key business processes, including risk assessments, audit planning, control evaluation and report drafting, investigated issues identified

Provided market and competitive analysis for new business pitches and consultancy projects, encourage team members to identify opportunities to apply the firm's services Ph#347-***-****

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KPMG Moscow

Senior Auditor 12/1999–01/2006

Lead/executed IFRS/USGAAP audit engagements including risk assessments, audit planning, control evaluation and report drafting in Energy, Telecommunication, Industry and Financial sectors

Effectively planed engagement and utilized engagement software

Collected/analyzed data to detect deficient controls, errors/irregularities, fraud/non-compliance with laws and regulations

Interviewed clients' staff to ensure recording of transactions and compliance with laws and regulations

Examined/evaluated financial and information systems, recommending controls to ensure system reliability and integrity

Inspected accounting books/system for efficiency/effectiveness, performed research when necessary

Prepared audit reports detailing audit results and issued recommendations to management

Followed-up with accountable business leaders to ensure issues are effectively resolved

Supervised daily fieldwork, informed supervisors of the engagement status, managed staff performance

Applied complex accounting and auditing concepts to particular client situations

Shared knowledge with team members and enhance service delivery, assumed manager role when necessary British American Tobacco

Project Accountant /Internal Auditor 06/1995–12/1999

Maintained project control for investment project over USD 230 mln.

Maintained budget control for 3 Plants and Head Quarter. Assist with the annual global budgeting process

Designed, maintained and continuously developed dynamic KPI, analyzed budget variances by activity centers and KPI's

Analyzed and forecasted monthly/yearly sales data, reviewed budgets to ensure expenditures maintained within approved limitations

Prepared ad-hoc/variance financial analysis (CAPEX, OPEX, etc.), monthly and quarterly forecasting reports

Maintained CAPEX financial reporting system. Participated in management reporting and group inter-settlement reconciliation

Reviewed internal controls procedures and ensure that accounting activities are in line with established Group policies and regulatory legislation, accounting and reporting standards

Analyzed/ evaluated controls within different functions, ensured control procedures are consistently and accurately applied

Applying risk-based internal audit methodology and executing operational, IT and Financial internal audit reviews in line with the methodology to identify control and operational weaknesses

Investigated unusual/complex business transactions, analyzed, documented and properly addressed relevant accounting and reporting issues, created effective management action plans to address the identified gaps

Managed and participated in all phases of the audit, including scoping, planning, fieldwork and reporting for assigned audit

Evaluating testing exceptions and partnering with the business to develop effective remediation plans

Build strong relationships with all key stakeholders (corporate/operations/finance), provided support to external auditors

Undertake other tasks or special projects as and when required by management EDUCATION

CPA & CTP In progress

University of Leuven, Belgium and the University of World Economy and Diplomacy 1996 MBA – Accounting & Finance

Tashkent State University of Economics 1994

BA – Finance, Accounting & Audit (Honors)

TECHNOLOGY

MO applications (Excel, etc), QuickBooks, Navision, 1S, Yardi, Jonas Premier, Newstar, Spark, Caseware/Caseview, PMWeb, AX Dynamics, Kyriba, D365, SAP.

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