Accounting Manager-Cardiovascular Biotherapeutics Inc, Las Vegas, NV 03/05-Current SEC Reporting: Prepares and files periodic reports (10-Q, 10-K, 8-K, etc) with the SEC Prepare and write the Management’s Discussion and Analysis of results of operations and financial condition (MD&A) including footnotes. Prepare quarterly and annual financial statements – balance sheets, income statements, cash flows, and related footnotes and supporting materials including fixed assets, in accordance with GAAP and SEC rules and regulations Preparation of financial statements, other financial schedules and supporting schedules needed to file proxies and registration statements with the SEC Day-to-Day Accounting: Supervising and managing an accounting department that currently includes six employees and is expected to grow. Ensure the proper and continuous flow of day to day activities including month-end close, journal entries, account reconciliation and analysis for various balance sheet and income statement accounts and bank reconciliation’s. Review non-routine journal entries. Perform and review employees and consultant’s payroll and oversee the issuance of 1099/1042 forms at the year-end. Liaise with the legal department for the stock options/warrants issued and monitor the financial implications of employee/consultant agreements, benefit plans and stock option grants. Perform the FAS123(R) –calculation on the stock options/warrants for stock compensation reporting. Debt Covenants: Provide on monthly basis financial information and supporting schedules needed to complete compliance analyses of the company’s various debt covenants. Calculate the monthly interest on the notes to be paid in cash/shares on a quarterly basis. Perform the FAS133 derivative calculation on the notes converted, interest payments made and options exercised by non employees Internal Management Reporting and Budgeting: Ensures timely preparation of management reports for month-end close and include recommendations regarding findings to the company’s management Perform accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances and initiating corrective actions Internal Controls: Responsible for maintaining a system of internal controls that is Sarbanes-Oxley compliant. Interface directly with the company’s audit committee regarding financial reporting, governance and internal control matters. Monitor and maintain the internal controls of the accounting system to ensure that the financial position of the company is properly reflected. Monitor accounting department policies and procedures and recommend improvements. Other duties: Successfully converted general ledger system from QuickBooks to Net suite Accounting, entirely redesigned accounting system with budgeting units, reporting formats, and controls.
Senior Accountant – Metrocities Mortgage Inc, Sherman Oaks, CA 11/02-03/05 Reconciliation/preparation of the branches’ financial statements & ABA’s (Affiliated Business Arrangements) on a monthly basis and consolidate them at the year end. Responsibilities included preparation of the monthly P&L and forecasts, monthly flash reports, quarterly forecasts and annual plans. Analyzed and researched the expense variance on a monthly basis for each business unit/branches, reviewed unusual cost records and ensured the cost data is allocated correctly. Also assisted in performing monthly analysis of corporate inter-company balances. Reconciled detailed general ledger accounts in relation to the individual profit-centers and reconciled Member’s Capital, Partnership Distribution and Income Distribution against the general ledger. Analyzed and prepared the indirect cost expense on a monthly basis for each business unit, branches and corporate. Proactively interacted with various departments throughout the organization (including the Lending and Deposits dept.) to provide information necessary to assist in their decision-making processes.
Staff Accountant – Sunwest Mortgage Inc, Cerritos, CA 04/00-10/02 Duties included preparation of monthly financial statements for the corporate & the branches. Oversee monthly general ledger management, e.g., reviewed bank reconciliation, sub ledger reconciliation and other monthly closing procedures including inter-company balance reconciliation and month end closing entries. Other duties included preparing journal entries for commissions accruals, rent allocation; appraisal expenses accruals, reclasses of income & expenses. Reconciled inventory count data from the warehouse team versus inventory data from the accounting system. Performed inventory discrepancy analysis and ensured proper processes are in place to protect risk exposure. Managed daily cash flow forecasts. Coordinated with accounts payable and the cash management group to determine the needs and availability of cash. Functioned as the liaison between the organization and financial institutions.
Accounting Associate – Computer Resolutions, Lakewood, CA 04/99-03/00 Responsible for the timely issuance of the company’s monthly and year-end financial statements to the management, lending institution and other specific vendors. Duties included handling accounts receivables/payables, daily bank deposits & reconciliation’s and budget preparations. Accounts receivables & payables included accounts reconciliation of customers/vendors, billing, collections & maintenance of A/R & A/P reports, processing expenses & vendor payables. Other duties included cash management, monthly bank reconciliation, & preparing of 1099’s at year-end Responsible for assisting with wire transfers. This included vouchering and applying the manual wire payment in Quickbooks.
Staff Accountant – Prime Broking Company (India) Ltd, Bombay INDIA 05/01-03/99 Responsibilities included preparation of financial statements and review of the general ledger for audit purpose. Meet deadlines included month, quarter and year end close duties, forecasting, budgeting, and sales tax reporting. Oversee the company’s accounting operations, helped to implement systems to automate processes wherever possible. Supervised staff accountants to ensure the proper processes are being followed, journal entries posted are accurate by reviewing work and providing feedback to ensure the process is running efficiently.
Pursuing MBA in Finance – Devry’s Keller Graduate School of Management (Class of 2008) BS in Accounting & Finance – University of Phoenix BS in Accounting & Finance – University of Bombay, INDIA Certified Tax Preparer – H & R Block, California (1999-2002) & Nevada State (2006)
Knowledge of Accounting packages such Net suite Accounting, JD Edwards, SBT Accounting & QuickBooks, Data Track, Mortgage on line (MOL), Windows 2000 Microsoft Word, & Excel