CPA
Resume:
THOMAS P. COURTNEY CPA,MBA
*****************@*****.***
Stratford, CT 06614
EDUCATION
University of Connecticut, Stamford, CT, MBA in Finance, Marketing and International Business
Iona College, New Rochelle, NY, Bachelor of Business Administration in Public Accounting
CPA Certification, State of Maryland
SKILLS
Oracle, SAP, Blackline, Workday, Salesforce, Essbase, Power BI, SOVOS, Peoplesoft, SQL, YARDI, Cognos, TM1, PROCAS, Advanced Excel Macros, VLOOKUP, Pivot Tables), PowerPoint, Bloomberg, Wall Street Systems, SunGuard, Sage Intact, CCH Pro Tax System, Drake Tax Software, Quickbooks.
EXPERIENCE
Consulting Assignments 2019 – 2024
Client / Position: Priceline / Sr Accountant 3/24-9/24
Responsible for managing the cash account for a high- volume subsidiary of Priceline.
Prepared monthly accruals and adjusting journal entries.
Assisted with the month end close and reconciliations. Prepared analysis for Sr Management of monthly and yearly Income and Balance Sheet accounts.
Client / Position: Cigna Group (Investment Operations) / Financial Consultant 1/23-11/23
Prepared annual and quarterly statutory statements for NAIC. Utilized SOVOS (Wings) to facilitate the uploading of statutory statements.
Assisted with the monthly and quarterly accounting close. Prepared monthly accruals and closing entries.
Analyzed the impact of international holdings of short-term and long-term investments.
Reviewed and assisted in the preparation of the corporate 10Q in accordance with GAAP.
Audited quarterly peer review for the investment accounting division.
Reviewed SOX auditing documentation.
Analyzed large streams of data from Oracle to prepare ad-hoc analysis for the Sr Director of Investment of Accounting.
Client / Position: New York Power Authority (NYPA) / Treasury Consultant 1/22-1/23
Created the daily cash flow forecast and reconciliation for new credit facility (SFP Green Transmission Bonds), this helped the operations team and Sr Management optimize the use of cash.
Prepared bi-monthly reports for CFO detailing the overall financial status of the new credit facility.
Prepared rating agency reports on the Agency’s debt profile.
Led the effort to close dormant bank accounts by auditing activity in all existing accounts, resulted in closing five accounts and led to greater efficiency for the Treasury Operations Team.
Client / Position: Messer Industrial Gasses / Senior Accountant 10/21-1/22
Produced month end closing journal entries and accruals based on account analysis via Salesforce.
Reconciled monthly cash, AR and AP balances and documented results in BlackLine for year-end audit.
Client / Position: UBS Real Estate Division / Senior Accountant 3/20-10/21
Evaluated real estate financial statements (REIT’s) and footnotes to verify that they were in accordance with GAAP and UBS standards.
Collaborated with Project Managers on the implementation of a new real estate accounting system (YARDI).
Employed Excel VLOOKUP function and Pivot Tables to verify and summarize large data sets from legacy databases to insure historical data was uploaded accurately.
Evaluated financial statements prepared by managing agent financial team for 30 properties. Audited cash reconciliations, monthly accruals, prepaid expenses and all closing entries to ensure GAAP compliant.
Investigated trends and explained to team leader’s variances to budget and prior qtr.
Coached on-site financial managers on UBS financial standards. Reviewed CAM calculations.
Client / Position: 365 Data Centers / Accounting Manager 8/19–12/20
Led the company in closing the monthly financial records, creating closing and adjusting entries.
Reconciled all bank statements and worked with external auditors on revenue recognition.
Reviewed and advised on corporate insurance policies.
IBM Corporation Somers, NY 2003 – 2019
Senior Financial/Accounting Analyst, Research Division
Composed and presented consolidated monthly P&L results, forecast, including identification of risks and recommendations for opportunities, for Software/Systems/Security/Cloud Division’s Senior Executive Management. Instrumental in improving expense recovery ratio from 35% to 62%.
Identified/monitored key business metrics KPI’s related to the performance of the business units.
Innovated/co-developed best practices to forecast income/expense/cash flow from Government projects (DoD, NSA, DoE, DARPA). Held confidential security clearance, worked on over fort Government projects.
Coordinated and developed 5-year Strategic Financial Plan for Research Division.
Aligned with Operations Manager to develop operating and capital budgets.
Prepared SOX documentation on journal entries for Internal Audit dept.
Reviewed and approved all procurement (purchase invoices) on Government Projects. Confirmed procurement was contained in budget and revised forecast based on timing and reviewed account coding.
Reconciled division travel expenses for 500 scientists to insure they were charging to appropriate contract.
IBM, Senior Treasury Analyst, Treasury Operations
Executed and confirmed Capital Markets trades including Money Market deals, swaps, derivatives and intercompany loans.
Prepared daily cash reconciliation for all IBM legal entities.
Confirmed foreign exchange transactions including cross currency swaps, single and double average rate forward transactions for cash flow requirements.
Filed/updated Federal Reserve foreign ownership status of IBM equity and long term debt.
Spearheaded the migration from long form confirmations to the electronic process for FX trades (SWIFT) - worked extensively with banking counterparties.
IBM, Money Market Trader, Capital Markets, Corporate Treasury
Managed $13B cash portfolio consisting of: Money Market Funds, Certificates of Deposit, Time Deposits, Tax Exempt Variable Rate Demand Notes, Asset Backed Commercial Paper, Corporate Commercial Paper, Student Loan Auction Rate Securities and Government Agency Notes. Always strived to increase yield while working within risk management parameters to ensure funds were safe and liquid.
Innovated money market review process during 2017 financial crisis. recommendations on expected risk and credit limits. Process included interviewing/maintaining relationships with portfolio managers, reviewing portfolio holdings reports, and consolidating critical data from seventeen money market funds.
Directed issuance of three commercial paper programs, total debt approximately $5.5B. Initiated a program to significantly reduce IBM’s short-term financing expense.by approx. $15M per year.
Established guidelines for new lines of credit and liquidated riskier investments alongside Risk Management Division. Performed assessments for Sarbanes-Oxley compliance and recommended appropriate action.
IBM, Professional Financial Analyst, Global Services Division
Directed analysis and review of over sixty Information Technology Application/Transformation projects totalling $60M to assess validity of assumptions underlying NPV and IRR calculations.
Developed, tracked and verified metrics used to substantiate IT project benefits.
Worked closely with external auditors, instrumental in identifying $17M in R&D Tax Credits.
Credit Suisse, New York, NY 2002 – 2003
Financial Consultant, Real Estate/Corporate Services Division
Investigated and negotiated vendor proposals resulting in cost savings of $2.8M
Presented Hyperion Essbase monthly P&L statements for ten departments, including detailed analysis of financial results highlighting opportunities, risks and action items, resulting in the identification and recovery of $370K in overpayments to vendors. Utilized Peoplesoft to drill down into line-item details.
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