Patrick J. Rhea

Las Vegas, NV *****

702-***-****

acq26d@r.postjobfree.com

WORK EXPERIENCE

Freedom Leaf Inc., Las Vegas, NV (Publicly Traded Print & Online Publications) 10/2014 – Present

Senior Accountant

Set up four start-up companies including chart of accounts, customers, vendors, deposit and credit card interface

Financial statement preparation on an accrual basis, tax book coordination, merger recording

Fiscal year budgeting, weekly cash flow forecasting, private placement memorandum, 10Q

Bank reconciliation, general ledger reconciliation, credit card reconciliation, A/R, A/P

Multi-state semi-monthly payroll processing, new hire setup, filing payroll related returns with state agencies

1099-MISC filing, collection of w-9 and w-4, procurement of insurance policies

Cash management, QuickBooks Report Writing, Invoicing customers, bank deposits

Accountemps, Fort Lauderdale, FL (Contract – Government Fund Accounting) 9/2014 – 10/2014

Accountant II

Monthly financial statement preparation based on GAAP, G/L reconciliation, bank reconciliation

Invoice review, cost allocation, variance report preparation, weekly cash flow forecasting

Income and expense accruals, payroll reconciliation, fixed asset maintenance, subsidiary ledger reconciliation

Gables Residential, Boca Raton, FL (Multi-family Residential Property Management) 5/2014 – 8/2014

Property Accountant

Prepared monthly financial statements based on US GAAP for multifamily properties using JD Edwards and MRI

Processed month-end close for a portfolio of 6 properties totaling over 1,500 apartment units

Audit workpapers, balance sheet roll-forwards, G/L reconciliation, income/expense accruals, prepaids

Bank reconciliation, loan and escrow reconciliation, variance explanation

Owner correspondence, cash flow forecasting, distributions, wire initiation

MetCap Living Inc, Toronto, ON (Privately Owned Apt and Condo Management Co.) 4/2013 – 3/2014

Property Accountant

Prepared monthly financial statements based on IFRS for a Canadian public REIT using Yardi Voyager

Processed month-end close for a portfolio of 8 properties totaling over 1,600 apartment units

Prepared audit workpapers for balance sheet accounts and large expense accounts such as taxes and insurance

Recorded semi-monthly payroll and calculated payroll allocation among properties per investment fund.

Prepared quarterly cash flow statements

Prepared fiscal year budgets

General ledger reconciliation, bank reconciliation, expense accrual, prepaid expense and deferred asset amortization

Tax escrow reconciliation, short-notice provision, bad debt write-off

Budget-to-actual variance analysis including utility price and consumption variance analysis

Filed sales tax (HST) returns

TRG (The Related Group) Management Company, Miami, FL (Apt/Condo Developer and Manager) 10/2011 - 2/2013

Senior Accountant

Prepared journal entries for acquisition and disposition of LIHTC (Low Income Housing Tax Credit) properties

Created audit workpaper templates

Recorded property takeovers including G/L account mapping and registration with tax authorities

Filed SR-1s with housing authorities

Reconciled costs associated with building rehabilitation

Prepared annual budgets and budget templates

Performed monthly reconciliation of trust accounts

Reviewed journal entries and bank reconciliation completed by staff accountants

Correspondence with lender/trustee/syndicates for insurance/tax/replacement reserve draws

Calculated waterfall for quarterly distribution

Wrote technical A/R and G/L procedural manual

Month-end close, GAAP accrual, Supervision of A/R and A/P

JRK Property Holdings, Los Angeles, CA (Private Equity - Apts, Condos, and Boutique Hotels) 5/2009 - 6/2011

Senior Accountant

Prepared monthly financial statements for 13 multifamily properties

Performed weekly cash flow forecasting

Recorded preferred returns and cash flow distributions

Filed gross receipts and business tax returns

Took an integral role in system conversion from QuickBooks to AMSI eFinancials

Performed monthly revenue analysis for fraud prevention purposes

Maintained balance sheet roll-forwards for all balance sheet accounts including notes payable schedules

Bank Reconciliation

Shorenstein Realty Services LP, San Francisco, CA (Owner & Operator of Class A Office Buildings) 4/2007 – 4/2009

Senior Property Accountant

Performed fund accounting duties including capital calls and fund consolidation for a $1.3 billion real estate fund

Performed FAS 141 analysis for two office building acquisitions

Calculated interest allocation for a group financing by an investment fund

Prepared quarterly GAAP financial statements for two class A office buildings and two office building development projects

Prepared consolidating and consolidated financial statements for holding companies

Performed monthly forecasting of cash flow for eight real estate investment entities

Prepared fiscal year budgets and furnished monthly variance analysis

Performed quarterly and annual expense escalation true-ups for modified net and NNN leases

Prepared annual audit packages including audit workpapers

Recorded asset additions, depreciation, amortization, and accretion of debt discount

Reviewed abstraction of leases including calculation of FAS 13 rent

Initiated set-up of new projects, bank accounts, account codes, and job codes

Identified related party transactions for investor reporting purposes

Provided system training for new-hires

Equastone, San Diego, CA (Private Equity - Office/Retail/Industrial Property Investment & Management) 12/2004 – 4/2007

Senior Corporate Accountant

Performed fund accounting functions including capital calls, booking acquisitions to G/L upon escrow close

Initiated wire transfers to title companies for purchases of office buildings and oversaw funding approval process

Prepared annual budgets for RE investment funds, fund managing entities, and corporate operation

Recorded acquisition, disposition, and refinancing of office buildings

Recorded quarterly distributions and preferred returns

Converted nine corporations and limited liability companies from QuickBooks to Yardi

Converted to Yardi from Excel two years of accounting records for two funds and their managing entities

Prepared monthly financial statements for funds, fund managers, properties, asset management and acquisition entities

Handled debt service including capital expenditure holdbacks and operating shortfall reserve draws

Reviewed property financial statements and trained property accountants on GAAP, preparation of depreciation schedules, reconciliation against tax returns

Worked closely with acquisitions committee in providing data of company’s properties that are similar to buildings proposed for acquisition

Trained property accountants and A/P clerks on general Yardi functions and generation of 1099s

Prepared promissory notes for short term notes issued to funds and officers and maintained notes receivable schedules

Handled cash management involving average daily balance of $10 million

Administered bi-weekly payroll processing for multi-state staff body

Administered employee benefits programs to include 401k, FSA, Medical, Dental, COBRA, PTO, and auto allowance

Performed all aspects of Human Resources duties to include employee background screening, W-2, I-9 verification, workers compensation insurance payments, termination, unemployment claims, etc.

Performed wages, insurance, and corporate overhead cost allocations

Provided personal bookkeeping services using Quicken to both CEO and Chairman to include payment of credit cards, household expenses, wages and interest income deposits, LOC advances, bank reconciliation, etc.

Provided accounting services to CEO and Chairman to include collection of return on investments, posting gain/loss of capital in investments, updating fair value of various real estate investments, etc.

Set up charges, suites, tenants, vendors, G/L accounts, bank accounts, etc. using Yardi and QuickBooks

EDUCATION

Florida Atlantic University, Executive Master of Accounting in Forensic Accounting, expected graduation in Dec 2016

University of Southern California, Bachelor of Science in Business Administration, Dec 1995

City College of San Francisco – Completion of Auditing and Federal Income Taxation, 2008

University of California Los Angeles Extension– Completion of Intermediate Accounting, 1997

SKILLS & KNOWLEDGE

Advanced proficiency in Yardi Voyager, MRI, QuickBooks, JD Edwards, Insite, RealPage, AMSI, Quicken, FAS, CTI, ADP Pay eXpert, Excel, Word & PowerPoint, Type 70WPM, 10-key by Touch

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