Accounts Payable Receivable
Resume:
TERESITA T. SCOTT, MBA
***************@*****.***
KNOWLEDGE
GAAP, SOX, Financial Reporting & Planning, Cash Management, Team Management, Vendor & Contract Management, Investment Portfolio Management, Insurance Accounting, Banking Regulatory Reporting, SEC and Regulatory Reporting, Excel, PowerPoint, Pivot Tables, QuickBooks, Applied TAM & EPIC, Payroll Administration
PROFESSIONAL EXPERIENCE
The Owens Group, Chicago, IL
Accounting Manager August 2003 – Present
Manage the day-to-day operations of the accounting department performing accounting, billing, collections, and third-party claims.
Advise management on short-term and long-term financial objectives, policies, and actions.
Monitor financial activities and details, such as cashflow and reserves levels, to ensure that all legal and regulatory requirements are met.
Analyze the financials details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
Develop and enforce accounting and operational policies and procedures and internal controls to maximize workflows, financial integrity, compliance, and protection of company assets.
Oversee month-end and year-end closing process and confirm that the information is compliant with GAAP.
Re-engineered the accounting process to reduce the month-end close by 50%.
Reduced the annual audit review process by 40% in the last 10 years.
Maintain relationship with banking, insurance, and non-organizational accounting personnel to facilitate financial activities.
Participation in the annual budgeting and forecasting process and provide financial analysis for decision-making.
Partner with the CPA firm to assist with timely preparation of financial reports and tax returns.
Oversee the coordination and monitoring of all MBE and DBE contracts and maintain necessary documentation for meeting compliance regulations.
Bank Financial, Olympia Fields, IL
Accounting Supervisor October 2001 - August 2003
Supervised small staff of accountants.
Managed investment portfolio and recorded Real Estate transactions.
Completed and filed the Thrift Financial Report and Consolidated Maturity/Rate Report with the Office of Thrift Supervision quarterly and monthly filed the Cost of Funds Report.
Assisted the Controller with footnotes for the Consolidated Financial statement.
The Northern Trust Company, Chicago, IL
Securities Technician August 1997 – October 2001
Ensured accurate processing of 350 securities payments monthly.
Verified the sales and buys of securities at current value to determine entitlement.
Monitored the control account and reconciled all exceptions over ten days.
Trained and cross-trained new team members.
EDUCATION
Olivet Nazarene University, Bourbonnais, IL
Masters: Business Administration
Illinois State University, Normal, IL
B.S. in Business Administration, Minor: Accounting
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