Financial Accounting

Andrew Lokenauth H

***-** ***** ****** ******** Hill, New York 11419 347-***-**** **********@*****.***

SUMMARY

6+ years knowledge of fixed income, structured, equity & credit products, the financial services & insurance market, US GAAP & FASB rules, financial reporting & controls, investment accounting & analytics, and process improvement & automation through Excel & Access

CPA Candidate, passed 3 out of 4 parts of the CPA exam (FAR, AUD, BEC)

PROFESSIONAL EXPERIENCE

JPMorgan Chase Asset Management New York, New York

Product Controller/ Financial Reporting Associate Dec. 2015- Present

Prepare & present the P&L, balance sheet, key financial data & analytics to senior management, used to manage business effectively

Prepare the outlook & actual financials with commentary on drivers and variances

Manage the month-end close, post all adjusting entries and complete various reconciliations

Complete financial and management reporting, ensuring compliance with regulatory and accounting policies

Reconcile the ledger to MIS, data warehouse & financial reporting, then resolve & explain variances, discrepancies, and breaks in data

Collaborate with Front-Office, Back-Office, Operations & IT to explain movements, fluctuations, and drivers in the portfolio and P&L

Work with key stakeholders to quantify potential impacts of issues, ensuring impact on the financial statements is understood

Support business managers (resolve questions on variances, complete data requests on P&L, balances, periods, clients, products, etc.)

Lead initiatives to improve financial controls and fix GL mapping discrepancies to reduce variances between sub ledgers and databases

Re-engineer deliverables to automate and develop more efficient processes, as well as create standard operating procedures

Use Excel and Access to improve & automate the reporting process & financial controls, and create reconciliation & reporting templates

Involved in the evaluation, testing, and implementation of new and upgraded systems

Support stress testing submissions for CCAR, budgeting and forecasting, and financial planning and analysis

AIG / TransAtlantic Reinsurance (formed by AIG) New York, New York

Supervisory Investment Accountant (Financial Reporting & Analytics) Apr. 2014- Dec. 2015

Maintained the ledger, investment accounting & analytics, and financial reporting & control processes for TRC’s $20B portfolio

Prepared and explained P&L, balance sheet, portfolio performance, drivers, issues, trends and other key performance to management

Researched and resolved all issues, variances, fluctuations & drivers of data, then summarized and explained (for the GAAP & STAT month-end close, balance sheet and P&L, financial reporting, fixed income and equity products, trades, business unit reconciliations’)

Reviewed the work of staff (business unit reconciliations, reporting schedules, adjusting entries, financial controls)

Managed investment accounting functions (GAAP/STAT month-end close, business unit rec’s, adjusting entries, investment summary)

Completed financial reporting (audited financial statements, GAAP reporting package & footnotes, statutory reporting yellowbooks, etc.)

Completed financial controls (trade reconciliations, bond trend analysis, fixed income deep dives, cash & asset rec’s., SOX testing, etc.)

Prepared various reconciliations, ensuring all issues were researched and resolved (for ledger, holdings, trades, business unit’s, etc.)

Researched accounting issues to determine proper treatment; Maintained working knowledge of accounting terminology & concepts

Utilized Excel to automate & improve processes, accelerating completion time of reconciliations, reporting schedules & ad hoc requests

Used Excel to analyze & manipulate financial data, using advanced functions (LOOKUPs, Index/Match, Pivots, logic, charting, etc.)

Senior Investment Accountant (Financial Reporting & Analytics) May 2012 – Apr. 2014

Analyzed & reported the financial activities of AIG’s $100B investment portfolio; Presented a financial picture of operating performance

Responsible for the GAAP & STAT month-end close, investment accounting, investment analytics, and financial reporting

Supervised the work of a staff accountant (e.g., review journal entries, reconciliations, financial reporting schedules)

Prepared company analytics; Analyzed investments, P&L, and balance sheet by calculating financial ratios and reviewing trends, comparing current results with those from comparative periods, and providing financial analysis with explanations of fluctuations

Researched & resolved monthly variances, discrepancies & fluctuations for asset activity (cash, fixed income, equity, short-term, etc.)

Reconciled & maintained the general and subsidiary ledgers and resolved all discrepancies; Posted GAAP & STAT adjusting entries

Completed statutory reporting schedules (yellowbooks); Prepared audited financial statements, MD&A, footnotes & disclosures

Researched accounting issues, GAAP pronouncements & policies to determine proper accounting treatment

Created presentations for senior management (e.g., financial results, trends, economic events and impacts, GAAP interpretations, etc.)

Designed workbooks in Excel to help automate and improve processes, reducing project completion time; Create spreadsheets in Excel using MACROs, lookups, pivots, index/match formulas, logic statements, conditional formatting, charting, etc.

New York Life Insurance Company New York, New York

Financial Reporting Accountant (Controller’s Department: Consolidations) Jun. 2010 - May 2012

Managed GAAP & STAT accounting functions; Performed the month-end close processes, maintained the general ledger, posted adjusting entries (e.g., taxes, URA, Fx, intercompany, cash, etc.), completed reconciliations, account analysis, variance analysis, etc.

Evaluated all ledger accounts for unusual fluctuations from quarter to quarter, as well as STAT to GAAP differences, then investigated to determine reasons for variances; Wrote memo’s explaining reasons behind variances and fluctuations

Created year-end financial statements for NYL subsidiaries (Balance Sheet, Income Statement, Cash Flow, Financial Highlights, etc.)

Communicated and collaborated with various departments to prepare key information and ensure timely resolution of accounting issues

INTERNSHIP EXPERIENCE

International Securities Exchange (Financial Reporting) Goldman Sachs (Investments) CitiGroup (Private Equity)

EDUCATION

Pace University, Pforzheimer Honors College New York, New York

Bachelor of Business Administration; Major: Accounting/Economics (GPA: 3.7/4.0) May 2010

COMPUTER SKILLS

Excel, Access, PowerPoint, PAM, ledger systems (SAP, SUN), Reporting Tools (Hyperion HFM, Essbase, SmartView, VISION, IDR), WINGS

Contact this candidate