Robert A. Covelle
Accounts Receivable, Accounts Payable, Payroll
Budgets and Budget Revisions / GAAP & SOX
Analysis of Income /Expenses
Reconciliation of all Balance Sheet Accounts
Fixed Assets / Depreciation
Managed staff of fifty
Medford Housing Authority - Medford, Massachusetts
Executive Director / Finance & Accounting
2009 - June 2012
Directed a team of fifty in all aspects of this large public housing
authority; with emphasis in accounting & finance.
. Managed, reviewed and reconciled the annual budget of twenty million
. Recommended budget revisions, when variances became too high.
. Reviewed financial statements, variance analysis and all GAAP journal
. Interacted with Fee Accountants, state Auditors and Independent CPA
. Increased physical inspection scores from the mid 70's upon arrival to
the mid 90's.
. Led the effort in getting Medford Housing Authority to High Performer
status three years in a row, which guarantees additional funding from
. Significantly reduced rental turnaround time and vacancies from twenty-
five per month to four, which generates additional rental income.
. Federalized two properties (over two hundred units ) resulting in more
. Saved approximately $50,000 per year by installing solar panels on
roof of high rise property, providing 90% of domestic hot water, and
conserving natural resources.
. Ensured and certified Sarbanes-Oxley compliance.
. Leased up an additional eighty Section 8 vouchers, bringing in close
to $90K per year in additional revenue.
Somerville Housing Authority - Somerville, Massachusetts
Director of Finance
1997 - 2009
Managed staff of five in complete ownership of all finance and accounting
functions for this large public housing agency.
. Developed annual budgets and led budget reviews for fourteen
developments and presented to senior management and Board of
. Prepared monthly budget to actual variance analysis and led effort in
development of comparative financial statements, and prepared
consolidated financial statements.
. Supervised team of five in all facets of accounts receivable, accounts
payable, payroll and general ledger.
. Led reconciliation of all Federal Grants and State Modernization
. Worked closely with the Executive Director, to discuss the financial
picture of the authority, in order to strategize
and maximize revenues while reducing expenses.
. Controlled and reconciled budget of forty million dollars.
. Prepared all month end and year end GAAP adjusting entries. Ensured
and certified SOX compliance.
. Supervised the year end audit and interacted with auditing staff.
. Recorded all Fixed Asset purchases and Depreciation; reconciled
Robert A. Covelle - Pg. 2
Clover Group, Inc - Chelsea, Massachusetts
1992 - 1997
Directed accounting team of four, in complete ownership of all accounting
functions for this $20M produce distributor.
. Developed new chart of accounts leading a more efficient and
streamlined general ledger and financial statements.
. Directed the conversion of computer system leading to more efficiency
and less down time.
. Led annual budgeting process and monthly budget to actual variance
analysis reviews with executive team.
. Managed the year end closing process and supervised the annual audit
Other positions of increasing complexity and responsibility
. Goulston & Storrs, P.C. - Boston, Massachusetts - Accounting Manager
Managed the accounting for a prominent law firm, supervised the
general ledger, payroll, and AP.
Reviewed and analyzed monthly financial statements.
. Power Products Inc - Wakefield, Massachusetts - Assistant Controller
Supervised all facets of AR, AP, payroll and general ledger. Prepared
monthly financial statements, and monitored and tracked employee
. National Medical Care (DSD Division) - Boston, Massachusetts -
Managed all accounting for twenty facilities including the payroll for
seven hundred employees. Assisted Controller with budgets and
forecasts. Prepared and analyzed monthly financial statements.
. Anthony Gange, CPA - Woburn, MA - Ron Quigley, CPA - Medford, MA
Worked part-time during the tax season for these two CPA firms
preparing personal, partnership and corporate
tax returns. Prepared trial balances and general ledgers.
Reconciled all balance sheet accounts and analyzed all
income and expense accounts.
EDUCATION: Bentley University - Bachelor of Science -
SOFTWARE: HAB Software - Management Computer
Software - Peachtree
Quicken - ProSeries by Intuit - Microsoft Word,
Microsoft Excel & Outlook - Produce
Software - Legal Software
Medical Software - Turbo