Accounting Management

SUMMARY

CPA with a great background in property – real estate accounting with impressive accomplishments noted below. Exhibits a consummate understanding of the industry and accounting following generally accepted accounting principles and authoritative literature. Currently finished internships needed for credits to help complete dual MBA being pursued at UT Dallas, cumulative GPA of a 3.85. The program requires a few more classes online to finish by Summer. Leaving Invitation Homes was due to the start date of the MBA program. Finishing this will not interfere with ability to work as it is all online and the goal is to do both. Other recent short tenures were due to relocating to follow fiancée in rotational residency to become a doctor, which is finished and Dallas is now home! If you are looking for a very accomplished professional with a proven track record who demonstrates attention to detail, can provide detailed analyses and understanding of industry and any related accounting, one who works smart, organized, efficient and accurate, then a great match exists and value can be brought. The goal is to find a long term fit that can continually allow one to add value as a team member and be a trusted and relied upon member in the accounting department.

EDUCATION

CPA Certificate - Scored in top 90th percentile

University of Texas, C.T. Naveen Jindal School of Management, Dallas, Texas

Dual MBA Accounting & Finance; To Be Completed End of Summer, January 2017 - current – 3.85 GPA

Texas A&M University, Mays College of Business, College Station, TX

Bachelor of Business Administration in Finance, December 2009 – 3.4 GPA

WORK EXPERIENCE

MPC – Fort Worth, TX May 2017 – July 2017

Property Accountant – Intern - performing accounting for construction and management of apartment complexes.

Full-cycle accounting for a portfolio of thirteen apartments performing; general ledger entries, monthly procedure checklist, eighty-three bank reconciliations, industry accounting and financial statements using OneSite Accounting.

Across accounting period performed various real estate specific accounting. At month end prepared and calculated various bill back invoices for deposit into parent entity including; development and property management fees and bonuses, maintenance, asset fees, lease commissions, lease up deficit, expense report reimbursements made on corporate credit.

Preparation of monthly reporting package after first detailed analysis into reasonableness and accuracy of financials and research and material variances from budget. Ensure utilities and reoccurring bills in correct accounting period. Package encompassing reports from leasing and rents and financials from OneSite accounting including budget to actual, trailing twelve P&L and balance sheet. Distribute to VP of Operations and Principal and once approved send out to third party owners.

Worked closely with property managers across properties and helped ensure correct calculation of recovery expenses and exclusions for tenants on ledger in leasing and rents. Handle billing process for tenet charges such as electricity, sewer and pet fees.

Weekly provided operations with a summary of delinquencies by tenants and past residents – providing reason, this report allowed property managers to see clearly who to contact for payment, month over month bad debt decreased 12%.

Ad-Hoc projects; such as property conversions related to historical data from QuickBooks to OneSite Accounting.

Using the report modeling reporter, I created five reports preferred in financial statement presentation that was implemented.

Responsible for weekly account payable processing, coding verification and accuracy of POs entered by AP under direct supervision, Reviewed and approved open invoice reports and ran cash balance report to capture funding position before authorizing AP to make weekly check run of payments selected for pay on aging reports by property, coordinated any funding request for operating expenses for third party owners as company involved many mere property management operations.

Accomplishments

Taught and documented to Finance manager, Controller and Staff Accountant efficiencies with excel formulas and functions, cutting comparable project time in half.

Showed Controller GAAP literature of every internal control weakness observed and discussed better procedures. Every procedure was implemented, resulting in GAAP compliance in records, segregation of duties, approval process, check handling and documentation for accounting procedures. Corroborated by outsourced CPA firm consulted.

Using the report modeling reporter, created five reports for financial statement that was implemented to be distributed to stakeholders.

Left documentation for every accounting procedure performed as well as why it is performed and how it follows GAAP.

Omega Resources, LLC – Dallas, TX February 2017 – April 2017

Senior Staff Accountant– Intern - accounting for E&P

Full-cycle accounting including; overseeing and supervising accuracy of AP coding and timely payment, A/R duties such as reviewing royalty checks, general ledger entries and maintenance and month-end activities encompassing accruals, reconciliations, ensuring the integrity of accounting by analysis of reasonableness and accuracy following industry and GAAP standards and producing financials.

Fiduciary duty to stakeholders, producing monthly reporting package of financials and reports that account for company performance.

Assist management with budgeting and forecast involving analyzing historical cost and prior year variance to budget along with economic outlook of industry and economy, communicate with management each month variances in actuals to budget material and rationale.

Treasury functions including bank reconciliations and cash management of all banks liquidity in light of vendor aging reports, expected revenue and other drivers of cash position ensuring all accounts funded, assist with banking administration.

Kept abreast of trends in expenses and revenue, serving as a liaison across departments including; engineering, land, legal and management - communicating key drivers of trending operational and financial matters, as well utilizing cross department expertise.

Industry specific accounting including; JV and JIBS, recording depletion and depreciation, approval of AP invoices following industry capitalization for successful efforts accounting method, LOE and capital accrual, interest capitalization of development projects, etc.

Managed payroll in QuickBooks and kept reconciliations for quarterly and yearly filing after internship ended,

Accomplishments

Led process improvements for documenting and establishing more effective internal controls, ensuring heightened compliance with GAAP and applicable federal and state regulatory rules for financial and tax reporting.

Ad-Hoc financial analysis improving financial health such as analysis on poorly performing oil leases, recording rate of declining return and extrapolated that six years out and calculated the NPV of the well. Market research suggested the current market value was over-priced, working with land I encouraged the selling of over-priced leases resulting in a gain of $110,000 when compared to the discounted cash flows the leases would produce. Allowed land liquidity and time to focus on more profitable deals.

Initiated project to validate the fixed asset accounting and schedules going back to previous years filing, reclassified $90,000 in expenses to capital assets following successful efforts capitalization industry practices published by the IRS and corrected monthly depreciation expense to capture all depreciable assets, resulting in $235,000 pre-tax shelter against taxable income for next filing.

Invitation Homes – Dallas, TX March 2016 – November 2016

Property Accountant– Contractor performing accounting for an assigned portfolio of single-family properties

Month-end close duties including; general ledger and month end accounting entries, financial statement preparation for managers, reconciliations and analysis of accounting transactions for reasonableness and accordance with established policy, industry standards, GAAP and FASB.

Monthly close package for portfolio managers and controller consisting of reports and Financials to show performance of portfolio of 15,000 houses - book value $250 million.

Maintained balance sheet schedules to ensure correct reporting of monthly financials and perform reconciliations.

Ensured accuracy of sub-ledger by tying out closing preliminary workbooks consisting of cashier’s check schedules, accounts receivable, earnest money, delayed closings, payables, security deposit liability, AP aging, expense comparison reports and rent rolls generated in Yardi as reports, reconciling to the trial balance.

Efficiently performed daily bank reconciliations of six bank accounts with over $3,000,000 a month in activity.

Calculated and posted various real estate accounting at month-end including bad debt, management fee accrual, lease commission, lease amortization, and maintenance fees.

Worked with portfolio managers to ensure tenant ledgers’ accuracy, processed daily NSF and Stop Payment reports and processed in Yardi and reconciled ledger monthly.

Consolidated and compiled all payables weekly for field managers review; collaborating together to ensure expenditures accurately coded following analysis regarding chart of accounts, invoice, capitalization guidelines, GAAP and company policy.

iHeartMedia – San Antonio, TX March 2015 – November 2015

Senior Accountant – Contractor performing accounting functions for media and advertising company

Month end accounting duties; accruals, adjusting entries, reconciliations and account analysis, financial statement analysis to budget including variance analysis for materiality for assigned accounts, communicating to management.

Preparation of monthly reporting package to regions assigned, discussing operational results with district manager.

CIP analysis and capitalization. Maintained monthly schedules of fixed assets and other specific general ledger accounts, roll forwards.

Prepared and reconciled all balances related to property taxes including prepaid and accruals; $40 million monthly average.

Prepared budget and cost reports for construction projects weekly and prepared monthly closing statements - COGS and P&L and forecasted expected cost to be incurred to finish projects, reported to project management.

Accomplishments

Identified tax exempt properties that were levied property taxes, worked with consultant to file appeals on over assessed taxes and identified bills levied on property no longer owned, resulting in refunds of roughly $300,000.

With project staff prepared cost/ budget reports weekly, reducing cost of projects by an estimated 9% for similar new projects.

Fieldwood Energy – Houston, TX May 2014 – January 2015

Property Accountant – Property accounting for a private E&P

Full-cycle accounting including; oversight and approval of AP through workflow, A/R and general ledger entries along with month-end tasks including producing financials and analyzing ledger, financials and statements for reasonableness and accuracy following industry guideline and GAAP, performing reconciliations and reporting to management.

Provided commentary of variance analysis performed for material differences between actual and budgets. Distributed to key stakeholders a monthly reporting package of financials and reports and communicated key metrics and ratios analysis of portfolio’s performance.

Calculated LOE accrual, quarterly performed variance analysis of accrual to actuals, making adjustments for materiality.

Fixed asset accounting and reconciliation, keeping schedules to account for changes throughout month.

Forecasting and budgeting expenses related to joint ventures and uploaded into accounting system.

Maintained and accounted for all property taxes of portfolio of assets managed including forecasting bills for accruals each month.

Processed non operated JIBs using JIBLINK, and resolved WI owner inquiries. Processed 70 JIBs for payment in one month to catch up JIB payments owed to help maintain business reputation when short staffed.

Using COPAS guidelines, determined producing and drilling overhead per JOA.

AFE analysis comparing budgets to actual amounts notified management on over-budgeted AFEs.

Accomplishments

Collaborated with accounts payable to correct coding of invoices following industry standards, resulting in capitalization of $2,200,000 in costs, which increased net income and assets by $1,950,000, resulted in greater compliance with GAAP.

Improved the accuracy of capital accrual accounting by working with drilling engineers to receive updated forecast on future drilling costs instead of relying on system application for costs that was often out of date resulting in the reduction of a liability by 20% proportionally to previous accounting period and improving analysis of CAPEX expenditures to budget.

Endeavour International Corporation – Houston, TX May 2012 – May 2014

Staff Accountant – Accounting and related functions for Endeavour, an independent E&P

Performed full cycle accounting including; journal entries, A/R, A/P, reconciliations, consolidations and financial reporting.

Property accounting specific to oil and gas; DD&A calculation, depletion using percentage method, undeveloped and producing leasehold impairment costs, overhead, ARO accretion expense, capital and LOE accruals.

Treasury related functions including; daily reconciliations of all bank activity, coding cash entries in the general ledger, forecast cash balances, performed monthly bank reconciliations tying all cash entries to general ledger and bank statements.

Determined if costs incurred on fixed assets were capitalized costs or expenditures. Computed capitalization, expensed carrying and retaining costs, dry hole wells and G&G. Assessed unproved to proved property transfers. Reconciled subsidiary balance.

Prepared monthly budget variance reports for management using models.

A/R functions and revenue recognition, invoicing partners, and aging receivables. Recorded revenue of $500 million a year.

Accounted for production sharing agreements and liability associated with over lifts.

Various ad hoc financial analysis and modeling.

JIB functions including; assisting with JV audits, responding to partner inquiries and processing and coding.

AFE analysis, comparing AFE actual to budgeted amounts and pre-AFE estimates.

Supervised three accounts payable personnel, performed reporting for 1099MISC and 1042S tax reporting.

Accomplishments

In collaboration with external auditors, identified and documented internal controls for the majority of financial transactions.

Made recommendations in deficiencies related to segregation of duties and retention of records and initiated policy and procedure improvements improving organizational internal control and compliance with SOX.

Ad hoc analysis of unprofitable leases, sold 10 leases for $440,000, reducing operating expense by $15,000 a month.

Acquired all responsibilities assigned to financial accountant when position became vacant, saving the company $80,000 a year.

Helped formulate process improvements in fixed asset process by creating and monitoring a system of controls and procedures.

Worked with field managers to help explain increasing LOE and in collaboration forecasted expected LOE in future months with a variance of less than 7% to actuals improving management’s ability to make informed decisions.

Helped design a macro in excel that automated process for data entry related to recording daily indexed prices for oil and gas that was used to price sales, thereby, reducing process and invoice time by 90%.

TECHNICAL SKILLS

Oracle, Cognos, Hyperion Essbase, PeopleSoft Microsoft Dynamics, Enertia, OneSite Accounting, MRI, Concur, SAP, OGSYS, Yardi, Salesforce, ADP, Workday, JIBLink, QuickBooks, Microsoft Office (advanced user).

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