SUMMARY:
Pathik has extensive experience in delivering financial expertise and strategic guidance to diverse clientele. As a Senior Finance Specialist (Outsourced Controller) at EdOps, Pathik oversaw all aspects of financial operations, from budgeting and forecasting to internal audit and strategic planning. Pathik managed clients engagements and worked with senior leadership on a day-to-day basis to implement internal controls, streamline processes, optimize cash flow, and improve profitability. Before joining EdOps, Pathik worked on various consulting engagements through Syracuse University, where he assisted senior management on initiatives related to cash flow/liquidity management, go-to-market strategy, and growth/expansion strategy. Pathik holds a Bachelor’s degree in Computer Engineering from North Gujarat University, a Master’s degree in Finance from Goldey- Beacom College, and an MBA in Finance from Syracuse University.
CONSULTING PROJECTS:
Pathik has extensive experience in managing consulting engagements and advising senior leadership. Some of Pathik’s consulting assignments are detailed below. Client names are not disclosed because of confidentiality or non-disclosure agreements.
Cash Flow/Liquidity Management
A construction company in New York was facing severe cash flow issues which forced them to hire temporary workers and take on debt at higher than market rates. The company was headed towards insolvency and needed assistance in managing these liquidity issues.
A non-profit organization with multiple schools, residential facilities and hospitals, needed assistance with a divestiture of one of their schools. They also wanted an investment policy and cash management plan that would generate reasonable returns from their idle cash.
Marketing
A leading provider of electrical products and systems needed assistance with a go-to-market strategy for their newest line of high-end products.
A chain of convenience stores was facing stiff competition and needed assistance in improving customer retention.
Growth/Expansion
A financial advisory firm in New York was struggling to cater to the varying needs of their clients. They needed assistance in expanding to other regions and developing a more efficient structure for their offerings.
An imitation jewellery business in Ahmedabad was about to be awarded a contract from a major media network provided they could scale up their design and manufacturing to meet the media company’s needs. Developed a growth plan for the business that would allow them to streamline their operations and scale significantly from their current base.
Facilities Financing
A charter school network had been funding a facilities project with internal funds and they would run out of cash if the financing was not closed in three months. An existing loan portfolio of 22 loans from 9 different banks further complicated the financing transaction. They reached out for assistance with the financing transaction and to ensure optimal cash utilization in the interim.
Staff Transitions
A charter school network had multiple staff transitions during which federal reimbursements fell under the radar. The reimbursement deadline was in 9 days and the organization was about to lose $6 million in federal funding when they reached out for assistance.
A charter school network was in a frenzy when their Director of Finance quit unexpectedly. Their CEO and CFO had already announced their departure and the organization had been struggling to find their replacements. They needed assistance during these staffing transitions to ensure timely communication with critical stakeholders, implementation of internal controls during and after transition, and appropriate training of new staff members.
Subsidiaries/Multi-entity Structures
A non-profit organization worked as a real-estate incubator for schools, purchasing the ideal buildings for schools and renting it out to them until they had the financial strength to own the buildings themselves. They needed assistance in strategic and financial planning for the subsidiary companies and facilities financing for this project.
A charter school network was part of a financing transaction where they were provided a loan to cover 90% of the facilities project cost. The parent organization was willing to cover the rest but could not do so directly due to the complexity of existing loans and tax credits. Assisted the organization in divesting a portion of a business and creating a subsidiary which would then loan the funds to the corresponding subsidiary involved in the facilities project.
Technology Migration
A non-profit organization was using paper-based purchase orders for their accounts payable process and a single license desktop-based accounting system, both processes that their organization had long outgrown. The accounting process was mostly manual and monthly reports to the senior management were often delayed. These outdated systems made their documentation cluttered and made it difficult for senior management to make informed decisions. They needed assistance in a transition to an online accounts payable system and accounting system that would ensure migration of legacy data and minimal disruption to the organization during the transition.