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Accounting Manager

Location:
Milford, Connecticut, United States
Salary:
$85,000
Posted:
May 19, 2018

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Resume:

ANTHONY M. AVELLANI

** ******** ******

Naugatuck, CT. 06770

203-***-****

ac5ivc@r.postjobfree.com

PROFILE

Financial Management Professional experienced in all phases of accounting:

Management & Regulatory Reporting, GAAP Acct.

Peer Group Analysis

Planning & Budgets

Business Line Profitability / Product Pricing

Merger & Acquisition Analysis

Sales Analysis

Interest Rate Sensitivity Analysis

Cost / Expense Reduction

Capital Enhancement Planning

Insurance Policies

Lease Accounting

Internal Controls / SOX

Payroll Processing

Option / Restricted Stock Accounting

Deferred Tax Calculations

ALCO / Cash Management

Reserve for Possible Loan Loss / OREO

SELECTED ACCOMPLISHMENTS

Profitability Accounting – Developed, Installed and Managed:

Product and Organizational Profitability

Loan Hurdle Pricing/Customer Profitability

New Product Costing / Pricing

Branch Cost Analysis

Accounting Systems - Installed comprehensive general ledger, cost and budget system. Developed and automated a standardized financial forecasting and performance measurement model at the profit center level.

Acquisitions - Managed the financial aspects of a Federal Deposit Insurance Corporation bank acquisition. Major undertakings included the consolidation of two general ledgers, the determination of the optimum staffing level for finance and the highlighting of opportunities for other significant savings from consolidation.

PROFESSIONAL EXPERIENCE

Connex Credit Union, North Haven, CT / Creative Financial Staffing – 3.5 Month temporary full-time position-$550 Million Credit Union – Senior Accountant November 2, 2017–February 16, 2018

Duties

Responsible for General Ledger and Bank Statement reconciliations. Completed several Management Reports

Webster Bank, Waterbury, CT – 2-month temporary full time position - $26.1 Billion Jan 4, 2017-Feb 27, 2017

Senior Accountant

Duties

Review of 10K SEC report and other Regulatory reports. Prepare and analyze Pension Plan report comparing Market value to Book Value. Reviewed and summarized The New Revenue Standard to be implemented in 2017. Worked on other projects as needed.

Naugatuck Valley Savings and Loan, Naugatuck, CT (Acquired by Liberty Bank) $500 million Bank

July 2013 – Jan 2016

Senior Accountant

Duties

Responsible for production and analysis of all internal Financial Management reports and supported the production of all regulatory reports. Produced 10Q and 10K schedules. Produced and monitored OREO and Allowance for Loan Loss reports.

Responsible for all Bank and Company Insurance policies.

Accomplishments

Managed and implemented the installation of cost center accounting

Wrote Excel programs for summary and detailed Financial and Regulatory reports as well as Net Interest Margin analysis reports that are created from General Ledger System downloads.

Streamlined Financial and Regulatory reports and reduced preparation time. Developed Internal Controls.

Created excel Deferred Tax Calculation Model and produced quarterly Deferred Tax calculation reports.

Prepared information for and interacted with Internal and External Auditors.

Anthony M. Avellani Page 2 of 4

The Bank of Southern Connecticut, New Haven, CT (Acquired by Liberty Bank) 120 million Comm. Bank

Nov 2002 – July, 2013

Vice President, Controller and Chief Accounting Officer

Duties

Managed a staff of 3 and the production and analysis of all internal and external financial and regulatory reports. Produced the annual report, 10K & 10Q schedules and Proxy Report. Managed and prepared consolidated and subsidiary budgets.

Managed Accounts Payable, Reconciliation’s, Fixed Assets, Payroll and Option / Restricted Stock accounting.

Managed Investment accounting and Funding Position.

Prepared Asset / Liability reports and presented to ALCO Committee and Board of Directors.

Accomplishments

Streamlined Financial and Regulatory reports and reduced preparation time.

Prepared information for and interacted with Internal and External Auditors. Developed Internal Controls.

Created excel Deferred Tax Calculation Model and produced quarterly Deferred Tax calculation reports.

Southington Savings Bank, Southington, CT (Acquired by Bank North) $600 million Commercial Bank 1999 – 2002

Senior Accounting Manager reporting directly to the CFO

Duties

Managed the production and analysis of all internal and external financial and regulatory reports. Produced annual report and 10K schedules.

Managed Accounts Payable, Reconciliation’s and Fixed Asset accounting.

Accomplishments

Managed and implemented the installation of Organizational, Product and Customer Profitability System.

Wrote Excel program for summary and detailed Yield, Rate Volume Variance and Net Interest Margin analysis

reports that feed from General Ledger downloads.

Produced Start up branch / subsidiary profitability analysis.

Successfully reconciled seven major general ledger loan accounts with large debit balances that had not been reconciled for two years.

Developed analysis of Loan Rate changes report by Loan Type.

AMERICAN PAYMENT SYSTEMS, INC., Hamden, CT 1997 - 1999

Utility payment collections service grossing over $37MM in sales.

Finance and Accounting Manager reporting directly to the President

Duties

Managed the production and analysis of all internal and external financial reporting.

Managed Payroll, Accounts Payable/Receivable, Fixed Asset Accounting, Administrative Services and Audit.

Furnished management with information regarding the economic, accounting and significant other ramifications of policy issues under consideration, long term planning, annual budgets and forecasting; financial analysis; and corporate compliance.

Accomplishments

Directed other business units in developing/refining all internal financial reporting systems and other information systems to more effectively evaluate financial performance against internal goals and stated objectives.

Streamlined reporting and month-end close time.

Responsible for focusing, directing and coordinating management efforts to turn a $1.5 million forecasted pretax loss into a $50 thousand pretax profit - the first profit the company ever had. This was carried into the following year with a $1.8 million pretax operating income.

Enhanced New Product Pricing model and Contract Profitability reporting.

Organized the Annual Reports and Tax filings for all clients covering approximately 39 states.

Improved all Management and Board of Directors reports to focus on important issues and variances.

Anthony M. Avellani Page 3 of 4

HUDSON UNITED BANK, Mahwah, N.J. Commercial bank - total assets- $2 Billion+

Assistant Vice President and Accounting Manager reporting directly to the CFO

Duties

Managed the production and analysis of all internal and financial reporting for the Connecticut subsidiary and two additionally purchased banks.

Administer the activities of a staff responsible for: financial reporting to management, subsidiary reporting and financial analysis.

Accomplishments

Consolidated all three banks into one general ledger and reporting structure for consolidation into Hudson United Bank.

Directed the reconstruction and reconciliation of the Investment Portfolio at year end resolving a potential

$5 million write-off proposed by the external auditors.

LAFAYETTE AMERICAN BANK AND TRUST COMPANY, (Acquired by Hudson United Bank)

Assistant Vice President and Accounting Manager reporting directly to the CFO

Duties

Managed the production and analysis of all internal financial reporting.

Furnished management with information regarding the economic, accounting and significant other ramifications of policy issues under consideration.

Managed the activities of a staff responsible for: financial reporting to management; subsidiary reporting; and financial analysis.

Accomplishments

Consolidation

Worked with other business units to develop and refine all internal financial reporting systems and other information systems to more effectively evaluate financial performance against internal goals and stated objectives.

Managed Accounts Payable, Reconciliation’s and Fixed Asset and Investment portfolio accounting.

Accounting Systems - Managed the consolidation of three banks into one general ledger and reporting structure. Updated the Fixed Asset / Accounts Payable systems to the current releases - not done for four years and established automated subsidiary accounting on Peachtree software systems. Responsible for the control and timeliness of all reconciliation’s.

Management Reporting - Developed and enhanced management reporting and analysis. Reduced the month-end closing from five days to three days. Directed the reconstruction and reconciliation of the Investment Portfolio at year-end resolving a potential $5 million write-off proposed by the external accountants.

The Chase Manhattan Bank of Connecticut, N.A., Commercial bank - total assets- $2.2 Billion+

Vice President and Accounting Manager/Controller – See City Trust below

Citytrust, Bridgeport, CT (Acquired by The Chase Manhattan Bank)

Held various positions in leadership and increasing responsibility up to Senior Vice President and CFO

Duties

Managed the production and analysis of all internal and external financial reporting.

Managed Accounts Payable, Reconciliation’s and Fixed Asset Accounting.

Supervised staff s of 21 at Chase, 30 at Citytrust.

Developed annual and long-range operating plans.

Provided for adequate liquidity.

Managed interest-rate sensitive gap and investment portfolios.

Provided advisement as to economic, accounting, tax and other financial ramifications of policy issue’s being considered.

Capital Enhancement - Worked with senior management team in development of three-year comprehensive operating plan addressing capital adequacy that was submitted and accepted by the regulatory agencies.

Accomplishments

Merger, Acquisition, and Other Business Reviews - Identified potential merger and acquisition candidates. Performed related pro forma financial analysis focusing on income enhancements and operating cost efficiencies to be derived from consolidation. Developed plans for transition.

Management Reporting – Developed / enhanced management reporting and analysis. Developed business line profitability analysis critical to the decision process regarding the expansion or exit of products. Significantly enhanced and streamlined reporting and related presentations to management with respect to financial results, budget and forecasting.

Accounting Systems - Managed the consolidation of the financial accounting and reporting systems of two independent banks into one legal entity. Coordinated the interfacing of financial and regulatory reporting with the parent corporation. Managed Accounts Payable and Fixed Assets Accounting.

Anthony M. Avellani Page 4 of 4

EDUCATION

University of Bridgeport, Bridgeport, CT Williams College, Williamstown, MA

Master of Business Administration The School of Banking

University of Connecticut, Storrs, CT

Bachelor of Science, Accounting

The Chase Manhattan Bank of Connecticut, N.A., Bridgeport, CT

Controllership Skills

SKILLS

Microsoft Word and Excel

SYSTEMS USED

FISERV, PROLOGUE, MSA, PROFIT STARS, Jack Henry,

Oracle, ODIN, ADP and others



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