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Accounting Credit Card

Location:
Seattle, Washington, United States
Posted:
January 30, 2018

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Michael Bonazza

ac39m0@r.postjobfree.com

Vashon, WA

Work Experience

Union Bank, San Francisco/Oakland, CA

AVP, Retail Banking Controllers

June 2013 – October 2017

Retail Credit Cards (April 2016 – October 2017)

Collaborated across disciplines (Regulatory Reporting, Technology, and Credit Card Vendor) to build a reporting process for an acquired credit card portfolio:

Sourced and delivered high integrity loan level extracts for periodic reporting

Proposed components of reportable carrying value for the credit card portfolio

Sourced daily loan level transaction files to enable credit card analysis and reporting

Built data mapping to illustrate how credit card transaction data roles up to the general ledger

Designed monthly credit card reconciliations and quarterly credit card Regulatory/SEC reporting deliverables

Traced transactions in the credit card mainframe system to ensure fraud reporting accuracy and presented the end to end process to internal stakeholders including Enterprise Fraud Management and reporting

Reduced manual accounting intervention at month end by collaborating with the credit card vendor to optimize system to general ledger loss/recovery mapping

Partnered with senior management to define accounting treatment of friendly vs foreign fraud

Designed a decision tree for the settlement team to use when deciding where to place daily suspended transactions

Managed periodic delivery of credit card information to internal and external stakeholders (Deloitte, internal compliance, Basel, SEC and REG reporting teams)

Additional Accounting Responsibilities/Projects:

Managed BAU accounting processes for credit cards, expense accruals and the Bank’s Community Reinvestment Act portfolio

Collaborated with senior management on a project to define and memorialize how different loan servicing systems across the bank compute loan delinquency (Actual Day Count, MBA, OTS)

Acquired Bank Reporting (March 2015 – March 2016)

Performed quarterly reporting of loan collections owed to the FDIC relating to the purchase of two failed banks

Assisted the reporting team by building excel logic to accommodate new reporting rules

Collaborated with management to create a process to validate negative expense claim eligibility by creating a process flow and accounting plan to demonstrate the process end to end

Performed loan research and proposed adjustments to more accurately reflect the bank’s cash position with the FDIC

Analyst, Retail Banking Controllers

Mortgage Banking (June 2013 – March 2015)

Gave a presentation to management on the components of fair value for mortgage loans

Documented accounting treatment for interest rate locks and forward sales

Analyzed and communicated monthly business trends that caused P&L fluctuations

Maintained/closed/reconciled GL accounts for mortgage banking operations

Hired three months into a six month contract

Thrinkit.com, San Francisco, CA

Founder & Editor

April 2012 – Present

Designed a media platform for news related commentary and data stories

PricewaterhouseCoopers, San Francisco, CA

Experienced Associate

January 2010 - April 2012

Analyzed security pricing for mutual fund companies such as Charles Schwab & Fwd Funds

Tested controls affecting the reporting of financial information for AAA Insurance

Oversaw the inventory audit of a garden hose company in Nevada

Gained exposure to nonprofit accounting while performing an audit for UC Merced

Performed payroll testing for a hedge fund in San Francisco

Chevron, Concord, CA

Finance Development Program Intern

June 2008 - August 2008

Performed cost cutting research for drilling and exploration operations (Upstream Finance)

Toured an oil production facility in the Gulf of Mexico

Educational Experience

St. Mary’s College of California

Bachelor of Science in Accounting, Class of 2009

Student Body Vice President for Finance (2008-2009)

Resident Advisor (2008-2009)

Systems Experience

Peoplesoft General Ledger, Advanced MS Excel, Advanced MS Access, Credit Card (Rumba) Mainframe



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