Manager Management
Resume:
Patrick J. Rhea
Las Vegas, NV *****
*********@*****.***
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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