Jigna Sureshh

Experience

• 

  Third Security, LLC

  Sept 2001 - Aug 2003

  Research Analyst

  Third Security, VA, USA - Third Security is a private equity firm that concentrates on emerging through late stage investments in life sciences and communications technology. They also own an investment advisory focused on high net worth individuals. Responsibilities at this position spanned two functional areas:Private Equity Management – Conducted research and analysis for the firm’s private equity holdings.• Conducted business/SWOT analysis on business plans received by the company. Forecasted financials for proposals deemed profitable holdings using NPV models and made recommendations. • Provided management support through strategic planning, market research, competition analysis, cost analysis and financial modeling to the private ventures. • Worked with senior management to secure additional financing for ventures.Equity Portfolio Management – Served as a member on the portfolio advisory committee for one of the company’s holdings, an asset management institution. The institute had $500M under management $200M of which was invested in equities. • Involved with monitoring, balancing and management of equity portfolio. • Selected companies for the buy list of the portfolios. This was done through industry analysis, detailed equity analysis, creating financial models, forecasting income statement, and conducting discounted cash flow and relative valuations. Research conducted on the basis of value investment philosophy. • Co-managed the High Yield portfolio, an income oriented portfolio with a number of REIT investments. At the time of resignation the portfolio had outperformed the NAREIT index on quarterly and YTD basis. Show less

• 

  UnitedHealthcare

  Sept 2003 - Aug 2006

  Senior Financial Analyst

  Hired as a Financial Analyst and promoted to managerial grade with supervisory responsibilities. • Was directly accountable for membership, revenue and cost of care budgeting/reporting for the company. Subsidiary alone was $1 Billion in revenue. • Re-engineered financial processes to facilitate better reporting and planning.• Played a major role in preparing and presenting C-level presentations.• Worked on merger related reporting and forecasting.• Managed the RMAS database. Utility of which was to accumulate monthly membership and revenue numbers from five different data sources. This information was used for reporting KPIs, calculating commissions, reporting to HQ and forecasting trends.• Analyst responsible directly to manage costs for $27M of insured and $30M of risk share business.• Spearheaded reporting of Medicaid accounts to department heads and initiated interdepartmental dialogue. • Skilled at sifting through large quantities of data to identify trends and strategize to achieve objectives.• Monitored accounts against forecast, and worked towards managing costs. • Trained and mentored new hire to department. Show less

• 

  Janelia Farm Research Campus

  Aug 2006 - Jul 2010

  Lead Senior Financial Analyst

  JRC is a state of the art research facility in Ashburn, VA. Collaborated as part of team accountable for budget development, forecasting, and financial planning for a world-class biomedical research center with more than 80 cost centers and $100M in annual expenses. Worked closely with the Director of Finance to start up the department, financial processes, variance reporting, budgeting, and forecasting for the entire enterprise. Coordinated with Directors to create annual budget, a five-year plan, and forecasts. • Applied comprehensive knowledge of GAAP to identify accounting issues and create resolutions. • Executed a complex inter-departmental chargeback program for shared services across the organization.• Set up project accounting and reporting for a $12M Visitors Program.• Managed 50 projects simultaneously and reported in one cost-center against multiple budgets. • Maintained processes, documentation, and auditor communications to ensure audit compliance.• Trained business leaders in sound budgeting practices and financial management. • Supported the implementation and training of budgeting software Prophix. • Served as project manager for the execution and roll out of COGNOS. Show less

• 

  Cleveland Clinic Abu Dhabi

  Jan 2011 - Aug 2017

  Senior Budget Manager

  Cleveland Clinic Abu Dhabi is a 364 bed multi-speciality hospital established to bring western expertise to the UAE, set up in collaboration with Cleveland Clinic Ohio. Hired as a Budget Manager of this highly data driven venture and got promoted to the role of Senior Budget Manager. Served as an integral member of a core team of 30 caregivers that successfully opened the hospital and grew the organization to 3000+. Prepared and drove the annual budget and forecasting process for CCAD to the tune of $400M (AED 1.2B). Advised management and C-level executives on financial management, process improvements, budget considerations, policies, cost saving initiatives, and fund transfers. Supported COO on multi-million-dollar service contracts through monitoring financial KPIs, renewals and performance. Oversaw two direct reports. • Partnered with internal stakeholders including the Digestive Diseases and Neurological Institutes to achieve their financial goals by assisting in the creation of budgets/forecasts, analysis of monthly variances, Institute profitability analysis and explaining departmental business drivers to department head, CFO and Board.• Collaborated with medical and operational leaders to create, and present the strategic five-year plan.• Key contributor to the month end close process by monitoring monthly budget variance, cash balance, providing adjusting entries and updating accruals.• Conducted financial evaluations on new projects and capital medical equipment via NPV/ROI calculations, to ensure financial feasibility and alignment with strategic growth projections.• Delivered key analysis, reporting, and structure to the workforce and capital committees, enabling the organization to remain agile during budget constraints. • Drove accountability and understanding of financial performance by rolling out corporate, Institute MD&A and C-level reporting. • Authored board documents to present results and analysis to stakeholders. Show less

• 

  TJ Technology Services, Inc.

  Jun 2018 - May 2022

  Director, Financial Consulting

  Client Department of Healthcare Finance, District of Columbia – Budget Management ConsultantContractor position for a highly visible project in the DC government. Led the budgeting/forecasting and reporting for the project through its entire life cycle, from initiation to high growth and eventual steady state. Some Achievements: • Lead, develop, monitor and defend the Budget or Annual Planning Document garnering millions of dollars of grant funding from two federal partners (Medicaid and FNS) for the district project. • Own and revamped the cost allocation plan to a federally mandated CAM tool from a home-grown calculation. Worked with program managers to ensure the complex cost allocation formula is updated annually and is in accordance with the program activities and local available funding. • Lead, track and manage expenditures against approved budget. Rebalance the budget via the forecast process allowing management to flex based on need. • Develop and manage financial models to support strategic initiatives. • Successfully transitioned the project with its 150+ contractors from DDI phase to O&M providing financial flexibility through a highly ambiguous phase of the project. Show less

• 

  IA Financial Group (Industrial Alliance)

  Jun 2022 - now

  Director of Financial Planning and Analysis

  IAAWG is a leading provider of Finance and Insurance solutions to automobile dealerships and a fully owned subsidiary of iA Financial Group, the fourth largest life and insurance company in Canada. iA is listed on the Toronto Stock Exchange with a market capitalization of $8.4B. Grown through acquisitions IAAWG has two ERPs and a complex corporate structure. A supervisory position my responsibilities areSome Achievements: • Responsible for budgeting, forecasting, and monthly variance reporting for two of four companies (under IAAWG).• Responsible for reporting of consolidated financials and Sales to IAAWG leadership on a monthly basis. This was achieved by consolidating financial data from three ERPs.• Key contributor to board and audit presentations for both the US and Canadian board.• Navigate through challenges like roll out of IFRS-17 standard for insurance contracts, integration with iA, disparate systems and management driven reporting changes.• In consultation with senior executives rolled out cost centres and other financial tools to provide clarity and aid in expense management. That led to $10M in savings over two years. • Create complex financial models testing the return on new products and services.• Lead, mentor and manage staff. Show less