Michael E. Sausmer, MBA

www.linkedin.com/in/msausmer

Dallas, TX - acw36i@r.postjobfree.com - 214-***-****

PROFILE

Results oriented financial professional with diverse experience in financial analysis, operations and accounting. Problem solver with proven results in cost reduction and productivity improvement.

MAJOR STRENGTHS

- Budgeting: Operations & Capital - Operational and Variance Analysis

- Bank Statement and Account Reconciliations - Forecasting: P&L, Cash Flow and Balance Sheets

- Financial Statement Preparation - Cost Reduction and Productivity Improvement

COMPUTER SKILLS

MS Office 2010 (Excel, Word, Outlook), CAS, NDC, NFE, 4C, SharePoint, Premise Tracking, MS Helmsman 4.029 and Adaytum Financial Modeling Reporting and Accounting Packages, Receivership Liability System, FACTS, PeopleSoft, JD Edwards Version 5, Various mainframe accounting systems

ACCOMPLISHMENTS

Created and implemented a method for managing and controlling inventory, which resulted in 20% decreased inventory and 25% increased efficiency and operator performance at various locations.

Performed study of subsidiary operation that resulted in 20% reduction of overhead.

Reduced departmental expenses 15% through analysis and various problem solving tools.

PROFESSIONAL EXPERIENCE

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) - Dallas, TX 2009-2014

Analyst, Accountant, & Auditor

Receivership Oversight

Prepared monthly income statements and balance sheets for several banks in receivership.

Analyzed financial statements and presented receiverships’ financial condition to management.

Researched, investigated, and reported issues/corrections to general ledger transactions; reconciled general ledger accounts.

Reconciled bank accounts with failed bank institution general ledgers; prepared adjusting journal entries; coordinated/organized invoicing and collection of deposit insurance and dividends.

Claims

Prepared strategic operating plans of failed bank institutions explaining financial positions including assets, liabilities and capital accounts prior to takeover.

Evaluated claims regarding IT equipment, leases, fixed assets acquisitions; reviewed loan documents. Prepared status reports evaluating claims and cases in litigation.

Reviewed claimant contracts, trust documents, participation agreements, lawsuits against failed institutions and examined invoices for completeness and accuracy.

Assisted legal counsels in resolving claims activities, determinations, and defensive litigation cases; represented the FDIC at settlement mediation hearings.

Interpreted deposit insurance account procedures, laws and regulations and informed depositors.

Analyzed depositor bank account data from banking institutions; attended several financial institution closings; served as Claims Agent In-Charge.

Internal Review

Examined invoice and detail support assuring vendor compliance with contractual terms.

Reviewed detail support for propriety noting any exceptions; documented internal procedures, issues, and recommendations.

Reconciled, processed, and prepared a variety of financial case documents.

SANDONE PRODUCTIONS, INC. - Dallas, TX 2008-2009

Accountant

Prepared income statements and balance sheets; reviewed billings, receivables, payables, and identified reporting discrepancies. Made recommendations for improvement.

Researched and reported corrections related to general ledger transactions.

CITY OF DALLAS/VIGNON CORPORATION - Dallas, TX 2007

Accountant (Contractor)

Provided effective services by processing monthly budget variance analyses, revenues, expense forecasting and developing monthly cash flow forecasts.

Recorded journal entries for business transactions.

Reconciled and determined monthly accounts receivable aging summary, billings, cash receipts.

Improved accuracy and effectiveness of financial and cash flow forecasting.

Resolved year-end physical inventory and monthly close trial balance reports, approving all expenditure requests; processed accounts payable invoices.

TELVISTA, INC. - Dallas, TX 2004-2007

Senior Business Analyst

Set-up, compiled, and maintained yearly P&L, selling, and administrative budgets of $120M.

Constructed yearly/monthly fixed assets and depreciation schedules; prepared financial statements for monthly reporting.

Selected and implemented MS Helmsman for yearly/monthly budgeting and reporting packages; Prepared monthly variance analysis and commentary. Trained management on software use.

Forecasted Income Statements, Balance Sheets and Cash Flow positions.

Prepared P&L and administrative expense forecasts; assisted with monthly close processes and reconciling accounts payable invoices.

ADDITIONAL EXPERIENCE

Senior Financial Analyst - Dallas, TX

American Pad & Paper, Inc., MBNA, Northern Telecom, Inc., Tenet Healthcare

EDUCATION

Bachelor of Arts – Economics and Political Science

Washington University In St. Louis - Saint Louis, MO

Master of Business Administration - Finance

Drexel University - Philadelphia, PA

VOLUNTEER ACTIVITIES

Organizations include Meals on Wheels, Sandwiches for Homeless and Salvation Army Lunches

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