IONEL LAURENTIU STEFU
SENIOR ACCOUNTANT BALBOA CAPITAL CORPORATION OCTOBER 2018 – JUNE 2019
Leasing company California.
Heavily utilize Excel’s advanced features (vlookup, hlookup, sumifs, pivots tables, conditional statements, text to columns, index/match etc)
Managed the month-end close process, including preparation of journal entries, account reconciliations and account analyses.
Prepared/maintained/reviewed consolidation adjustments, appendices and intercompany eliminations for the month-end close.
Prepared/maintained/reviewed monthly financial statements, including income statements, balance sheets, equity rollforward, cash flows and various management reports, ensuring accuracy and consistency with reporting and accounting standards.
Assisted the Controller with budgeting, financial analysis, and financial reporting.
Created and maintain documentation of accounting policies and consolidation structure to be used as a manual/guideline for new users. Resolve accounting discrepancies and irregularities.
Managed and drive process improvements around the month-end close process, transactional accounting processes (A/P, A/R and Consolidations/Eliminations) and other processes as needed.
Maintain and enforce chart of accounts structure and rules,
Maintain the integrity of the general ledger (GL) and related subsidiary ledgers (SL). Ensure SL ties up with GL. Prepare and review balance sheet and profit and loss account analysis and perform account analysis clean-up
Performs daily cash analysis and prepares cash position report and monthly bank reconciliations Determine amount of funds to transfer between accounts.
Compute all necessary accruals, review deposits and prepayments, and prepare all related journal entries thereof including clean-up adjustments, calculated and maintained fixed assets depreciation, prepaid expenses
Prepared wire transfer requests and initiated wires, analyzed and verified bank analysis charges
Reconciled general ledger accounts, prepared and recorded month-end closing entries, analyzed balance sheet account month-to-month balance variances; Board Financials preparation, GL Analysis schedule preparation and fluctuation explanations, Balance Sheet reconciliations
Submitted collateral packages and corresponding reports to custodian, prepared and submitted to banks service report as part of funding process, prepared and delivered loan documentation to bank and custodian agent.
Managed a portfolio upwards of $250MMin loan/leasing contracts, communicated with custodian regarding submissions/documentation/exceptions
Support internal and external audit which include preparation of all analysis related to financial reporting audit, internal audit and tax related audit.
ACCOUNTANT SCHOOLS FIRST FCU MARCH 2017 – AUGUST 2018
Federally chartered Credit Union that serves the educational community in Southern California.
Process’ learning of software in a very short period of time without much training and minimal supervision
Redesign department workflow that improve General Ledger postings saved more than 10 work hours a month
Analyzed and rewrote procedures/training manuals to improve efficiency
Wire verification (FRB Fedline), official check reconciliations, Over 80 monthly reconciliations
Managed temps, consultants and legal expenses, property tax (prepare and file 571 L Form Business Property Statement an annual basis) and accruals including performing journal entries and account reconciliations
NCUA 5300 Call Report preparation and filing on a quarterly basis
Board Financials preparation and distribution, KPI Report Accounting Department - monthly
GL variance determination and remediation, GL Analysis schedule preparation and fluctuation explanations
Heavily utilize Excel :vlookup, hlookup, sumifs, pivots tables, text to columns, index/match
Construct/improve processes in order to track GL P&L activities and create a Balance Sheet reconciliations
Performed daily operations for SFFCU Education Foundation : journal entries, account reconciliation, and month end accruals, maintained chart of accounts manage accounts payable/receivable, payroll etc
Prepared statistic reports annually requested by US CENSUS Bureau.
SR ACCOUNTANT BONIPLAS SYSTEMS SEPTEMBER 2010 – DECEMBER 2016
Manufacturing aluminum products and Import/Export company serving the private /public entities in the energy sector with $15M annual sales
Performed account reconciliation, and month end accruals
Review treatment of accounting transactions
Reconciled, analyzed, and reviewed general ledger accounts in preparation for month end closing
Monitored accounts to ensure payments are up to date/maintained vendors files
Calculated and maintained fix assets depreciation according to company’s policies
Implemented and maintained chart of accounts insuring new accounts where added when necessarily
Knowledge corporate finance and accounting principles, solid knowledge of GAAP and IFRS
Reconcile perpetual inventory balances to the General Ledger, identifying and resolving differences.
Manage the accounting for inventory, including transaction tracking, costing, periodic physical count, and inventory obsolescence; prepare or approve inventory related manual journal entries and inventory adjustments.
Prepare monthly financial reports, including P&L statement, Balance Sheet, Cash Flow and year-end financial reports, quarterly forecast and annual budget.
Identified and explained variations between actual versus forecast and budget
Generate data for corporate CPAs to generate corporate tax return and audited financial statements.
Record / Reconcile intercompany transactions for commonly controlled businesses and subsidiary companies.
Possess authorization to sign corporate checks for all group companies.
Manage and coordinate all payroll activities gather employee time from several locations, calculate labor distribution and generate payroll deductions, direct deposit processing and related tax returns / payment.
LEAD SR. FINANCIAL ANALYST MKB ROMEXTERRA BANK JULY 2007 – AUGUST 2010
Overseen a geographic area of 20 branches/ cost centres with separate budgets. Collected data, researches, and prepared analysis for region and branches or function, budget performance and projects
Monitored branches budgets by reviewing data in the financial system, and communicated to management to drive business decisions
Budget and cashflow forecasting for each Branch, including variance analysis/ reports prepared by collecting, analysing and summarizing information using Excel functions as VLOOKUP, pivot tables and graphs
Performed detailed and timely variance analysis between Actual, Budgeted and latest Forecast results
Ad hoc impact analysis related to changes occurred at some point in client management relationship which could have major impact in the P&L of the Branch
Assisted in the annual budgeting process, by providing to HQ inputs about sales forecast, gross margin and operating expenses of the branches
Supported the decision-making process with monthly reports and analysis requirements related to monthly operating and financial results
Performs ad-hoc projects utilizing knowledge of finance theories such as present value and cash flow analysis
Created reports on financial performance for internal use, created standard reports for HQ.
SR. FINANCIAL ANALYST LIBRA BANK JUNE 2001 – JUNE 2007
Revised legal information and credit history to determine the client’s legal standing, validate credit worthiness
Assisted the department managers and director in analysing data of past and current operations, trends and costs of estimated and realized revenues, and critical balance sheet components
Responsible for analysis Profitability for different types of products and Branches
Cash flow forecasting for Loan Portfolio and Deposits. Conducting variance analysis to budget and prior year for individual line items on the P&L
Monitor performance indicators, highlighting trends and analysing causes of unexpected variance
FINANCIAL ANALYST SAFI SA MAY1996 – JUNE 2001
Company valuation, dealing with analysis of the requirements for financing: analysis of business plan, financial statement, balance sheet and cash flow
Analysis of financial indicators and framing companies in risk classes
MASTER 1997 THE ACADEMY OF ECONOMIC STUDIES BUCURESTI
·Major: Finance Minor: Investment
BACHELOR OF ECONOMICS 1996 THE ACADEMY OF ECONOMIC STUDIES BUCURESTI
·Major: Accounting Minor: Finance
CERTIFIED FRAUD EXAMINER CFE 2016 Association of Certified Fraud Examiners, US
Courses and Seminars
CODECS, Project Management 2011
KPMG & Ministry of Finance, Company Financial Analysis according IAS/IFRS 2001
Booz Allen & Hamilton Inc. US, Advanced in Investment Analysis 1997
Booz Allen & Hamilton Inc. US, Introduction to Investment Analysis 1996
Expert Accountants Corp and Authorized Accountants (CECCAR) Theory and methods for companies’ valuation 1996
Microsoft Office: Excel (v-lookup, pivots, sumifs), Word, Power Point, Outlook, SAP
Accounting Software: Symitar, Trintech Cadency, Trintech RecoNet, Elite billing software, Hyperon Essbase
Banking Software: Image view, Resolve Check, Interlinks