Nik Parekh
Senior Finance Manager at NZ Health Partnerships- Claim this Profile
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Bio
Credentials
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Corporate Finance: Robust Financial Modeling
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Chartered Accountant
Chartered Accountants Australia and New Zealand
Experience
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NZ Health Partnerships
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New Zealand
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Government Administration
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1 - 100 Employee
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Senior Finance Manager
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Aug 2021 - Present
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Finance Manager
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Nov 2018 - Jan 2023
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Cost and Benefit Analyst (contract)
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Sep 2018 - Nov 2018
- Cost and benefit modelling- Analysis
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Unitec | Te Pūkenga
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Higher Education
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700 & Above Employee
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Senior Decision Support Advisor (Similar to a Senior Commercial Advisor/Finance Business Partner)
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Oct 2013 - Jun 2018
Decision Support Advisor for- • Property Projects team (1 CEO, 1 Capital Operations Director, 4 Project Leads, $80m Capex building & $10m Opex spend) • Organisational Transformation & PMO (1 Executive Director, 6 Project Managers, $8m Opex budget) • Corporate services (2 Executive Directors, 3 General Managers and 7 Managers, $40m Opex budget) • Student Services (1 Director, 6 Managers, $12m Opex budget) • IT Services (1 General Manager, 3 Managers, $4m Opex and $12m Capex budget) Position focus – • Staff management of 1 Revenue Insights Accountant • Business partnering with multiple managers • Monthly financial review and reporting • Variance analysis • Budgeting and forecasting • Analysis and planning • Educate non financial staff on financial transactions • Account reconciliation Achievements: • Helped with implementation a new Asset Management module in PeopleSoft. Worked with the IT team as a finance subject matter expert on the set up, testing and integration of data • Partnered with Property Projects and led the financial management of capital projects. Part of the governance group that managed a $30M build of its central Hub and a 10,000 sq.m, $40M purpose built Trades learning facility. Built strong relationship with the Capital Project Director and team of Project Managers to see the projects from start to final completion • Partnered with the IT Project Management and PMO to provided financial analysis for new business cases to radically shift the technology provision in labs and classrooms. The analysis presented significant gains and long term cost efficiencies. Senior Leadership Team approved the business case & funding for implementation Show less
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Auckland Council
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New Zealand
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Government Administration
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700 & Above Employee
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Business Performance Advisor
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Nov 2010 - Sep 2013
Business Performance Advisor for - • Environmental Strategy and Policy department. (1 General Mgr, 7 Mgrs and $30m Opex budget) • Corporate Communications (1 Executive Director, 8 Mgrs, $12m Opex budget) • Economic Development and Partnerships (1 General Mgr, 6 Mgrs and $39m Opex budget) Position focus: • Annual planning • Monthly financial reporting • Evaluating and managing financial performance • Improving financial systems Achievements: • Worked on the implementation on Oracle’s Hyperion financial management system as part of team selected by the Auckland Transition agency during the amalgamation of the Super City Council. Worked on consolidation account hierarchies, testing and reporting of consolidated values • Promoted Strategy dept’s bold new upgrade of Elliot street. Prepared financial analysis for the roading improvement for a pilot project of shared use of Elliot street. • Worked closely with local board advisors and operational department on annual plan. This work fed into Council’s main Annual Plan for the region. This paved the way for Local Boards to work on their mandate to serve the local communities • Provided timely and accurate reporting to business stakerholder with explanation of progress against budget and strategic priorities. The accuracy of reports led to a greater reliance by Managers and trust in me during the time of amalgamation and uncertainty • Documented budgets, monitored budgets and supported financial and non-financial managers with forecasts • Identified opportunities of combining different funding sources of an important marine management project. This led to the successful approval and implementation of NZ’s first spatial plan • Identified areas of cost reductions and communicated potential savings options to senior management, after thorough forecast work with middle management. This led to savings of $350,000 per annum for 10 years. Show less
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North Shore City Council
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Construction
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1 - 100 Employee
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Business Analyst
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2007 - Oct 2010
• Business Analyst for -• Property (1 General Mgr, 4 Mgrs and $30m Opex and $20m Capex budget)• IT Services (1 Executive Director, 1 Gen Mgr, 4 Mgrs and $12m Opex budget and $6m Capex budget)• Corporate Services (1 1 Executive Director, 7 Mgrs and $10m Opex budget)Position focus: • Budgeting• Forecasting• Variance analysis• Monthly financial reporting • Financial input into buisness cases• Cost-benefit analysisAchievements: • Helped with the implementation of Technology One financial management system. Worked on chart of account set up, testing combinations, data migration and reporting• Trained 450 staff on Technology One ERP system and received an outstanding customer service award from the CFO. Provided timely and accurate project financials from Tech One and trained staff on finding project information within Tech One.• Provided financial analysis for construction projects such as Devonport library extension, Torpedo wharf strengthening, Pumphouse chimney restoration Show less
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Procurement Support
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Jun 2005 - May 2007
• Maintained the financial procurement data & preferred supplier relationships. Trained staff on purchasing and reporting of the Technology One financial system • Saved staffing budget by training organisation staff on Technology One purchasing and reporting• Outstanding customer service award from CFO• 100% customer satisfaction result for two consecutive years for training staff on Technology One system
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Education
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Chartered Accountants Australia and New Zealand
Chartered Accountant, Accounting and Finance -
Massey University
Bachelor's degree, Accounting and Business/Management -
University of Mumbai
Master's degree, Accounting and Finance