Accounts Payable Receivable

Aaron J. Israel, CPA

**************@*****.*** 646-***-**** Flushing, New York

Experience:

**/** – 06/24 William Pears Group / Jober Ventures

New York, NY

Group Finance and Operations Director

Oversight for all financial accounting and reporting for portfolio of over 1,500 Coop and Condo units across 80 properties including but not limited to the following functions: monthly operating and project management funding, quarterly asset management reporting; assisting with financial modeling for portfolio acquisitions, overseeing apartment unit sale process.

Oversee third party management of portfolio assets, including but not limited to following functions: accounts receivable, accounts payable, general ledger, fixed assets, and bank reconciliations.

Responsible for financial reporting, compliance with tax filing requirements, and communicating financial information to the board of directors.

Revenue, cash, and debt management.

Evaluation and monitoring of all expenditures ensuring prevention of over-expenditure of budget line items, and proper categorization of all expenditures.

02/22 – 09/23 Shvo Concepts

New York, NY

Director, Accounting

Prepare, oversee, and ensure the accurate and timely dissemination of financial reports, including internal and external monthly and quarterly financial statements, monthly lender draws, cash flow analyses, annual audits, and regulatory filings for four luxury real estate developments in NYC, Beverly Hills, and Miami Beach.

Record and analyze transactions of commercial assets, including buying project assets, condominium unit sales, projects’ loan closings/extensions, and refinancing.

Oversee an accounting team of two.

Ensure the accurate and timely processing of A/P.

Communicate clearly with ownership/management and team members, as well as participate in monthly budget meetings.

Manage financial systems, including new implementations and upgrades, as well as improve the efficiency and effectiveness of accounting systems and processes.

Ensure that proper policies, procedures, and controls are in place.

Manage and maintain positive relationships with lenders and other financial institutions. • Maintain a strong relationship with firm’s chosen CPA firm.

Help identify and manage business risks and insurance requirements.

Hire and train skilled accounting and finance staff as needed.

10/20 – 01/2022 Main Street Business Center

Long Island, NY

Owner

Created and ran a shipping and receiving company on Long Island

Handle all sales, service, finances, and customer relations

Operate all equipment, software and devices

02/16 – 3/20 Newcastle Realty Services LLC

New York, NY

Controller – Real Estate

Oversee all aspects of accounting, including financial reporting, budgeting, cash management, accounts receivable, accounts payable and payroll for a portfolio of approximately 2,500 housing units in New York metropolitan area (annual revenue 50M) and a private equity fund invested in student housing.

Manage an accounting department comprising of two staff accountants and three accounting clerks.

Implement and provide recommendations regarding improving internal control processes for accounts receivable and accounts payable. Motivate team members to consistently meet monthly, quarterly and year-end deadlines.

Interact and coordinate with building managers on a daily basis to ensure the proper transfer of financial information to tenants and ownership.

Oversee calculation for billing Operating Escalation, Real Estate Tax escalation to commercial tenants.

Interface with clients and their representatives including attorneys and tax advisors. Provide financial reporting packages to outside auditors including supporting schedules for Balance Sheet and Income Statement items.

Prepare, review and approve acquisition and refinancing journal entries.

Manage company’s property management software with outside Yardi IT team.

Monitor bank accounts and credit card activity on daily basis.

03/14 – 02/16 First Service Residential

New York, NY

Senior Financial Analyst, Accountant

Responsible for functions of accounting & budgetary process for a portfolio of luxury and high-end Manhattan Coops and Condominiums and Rental Properties.

Prepared and analyzed monthly reporting packages. Reconciled investment accounts, transfers to and from reserve accounts. Process critical payments for real estate taxes, mortgages/loans, insurance. Assisted with annual audits, mortgage refinancing. Reconciled general ledger expense classifications, reviewed A/P for accuracy and completeness prior to approving payments.

Oversaw junior accountants in preparation of bank reconciliations, accounts payable and accounts receivable functions.

Actively interfaced with Board members, present budgets and forecasts at Board meetings, interact and collaborate with Management.

03/09 – 12/13 Czarnowski & Beer, CPAs

New York, NY

Senior Accountant

Performed audit and review procedures assigned in audits for common interest realty associations and preparation of their related certified financial statements.

Analyzed client accounting systems, internal controls, and operations, made recommendations for improvements to clients’ senior management.

Forecasted areas of concern by performing analytical review procedures and reported findings to clients’ senior management. Worked closely with client’s accounting departments in preparation of operating budgets.

Responsibilities also included preparation of Federal and state/local income tax returns, calculated and prepared quarterly income tax estimates. Performed various detailed year-end accruals, analysis and GL entries.

04/07 – 03/09 Douglas Elliman Property MGMT

New York, NY

Financial Analyst, Accountant

Performed financial management for portfolio of rental and coop/condo properties of various sizes.

Prepared and analyzed monthly, quarterly and year end management reporting packages. Prepared annual budgets forecasts and variance analysis

Reconciled general ledger expense classifications, reviewed A/P for accuracy and completeness prior to approving payments. Reviewed and reconciled monthly bank reconciliations for operating and reserve accounts. Calculated real estate tax escalation charges for commercial tenants, making recommendations on base rent escalations.

Made recommendations on monthly maintenance and common charge increases, attended budget meetings with Board Members.

08/04 – 04/07 PKF, CPAs, LLP

New York, NY

Senior Accountant

Participated in the planning, fieldwork and summary reporting of results of financial statement audits and reviews for a variety of firm clients.

Preparation of client financial statements and related footnote disclosures, procedures to prepare or review of forecasted operating budgets, accounting, tax services, financial planning.

Responsible for communicating significant findings to client’s senior management.

Client industries include: commercial and residential real estate, 401(K) plans, manufacturers, non-for-profit entities.

Licensure: Certified Public Accountant

Education: Brooklyn College, CUNY

Bachelor of Science

Major: Accounting; Minor: Computer Information Systems.

Skills: Yardi, AppFolio, Sage, QuickBooks, Microsoft Office (excel, word).

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