General Ledger Property Management
Resume:
Stuart G. Rothstein, MBA
Warrington, PA 18976
Cell: 215-***-**** ************@*******.***
http://www.linkedin.com/in/stuartrothstein76
Experience:
DMC Property Management, Trooper, PA
Controller September 2024-Present
Upgrade and maintain the books into GAAP Compliance by reviewing and making the appropriate adjustments to the correct General Ledger Accounts, creating Prepaid Insurance and Prepaid Expense schedules, and dealing with any potential GAAP issues.
Prepare the monthly Financial Statements, reconcile the Bank Accounts, and perform variance analysis from prior year to date.
Prepared and analyzed monthly financials for the property and corporate books which included generating specific monthly reports from the data for the Investors.
Executed the transition for all new properties, including third party managed properties, the sales tax setup, business licenses, utility transfer, merchant account and all administrative requirements to be able to conduct business in the county, city, and/or state.
Review and process the company payroll on a biweekly basis.
Instrumental in onboarding new properties by taking the lead in making sure by closing day the data was in Entrata and that the properties had working utilities.
Developed weekly reports and reports for month end close that were used by the President to help resolve collection, vacancy, and excessive spending on maintenance hours.
Successfully completed the transition from Cash to Accrual Accounting.
B Blair Corporation, Ivyland, PA
Assistant Controller April 2024-September 2024
Upgrade and maintain the books into GAAP Compliance by reviewing and making the appropriate adjustments to the correct General Ledger Accounts, creating Prepaid Insurance and Prepaid Expense schedules, and dealing with any potential GAAP issues.
Developed a PowerPoint presentation that explained the financial results of the prior and current Fiscal Year.
Prepare the monthly Financial Statements, reconcile the Bank Accounts, and perform variance analysis from prior year to date.
Maintain and update the Depreciation Schedule including recording the Depreciation expense monthly and working with the external auditor to have the schedule ready for year-end.
Directed the collection and aging process for outstanding Accounts Receivable.
Prepare the monthly Work-In-Process (WIP) report for review by the Controller, Administrator and Project Managers.
Review and process the company payroll on a weekly basis.
Self-Storage Capital Partners (Snapbox Storage), Philadelphia, PA
Accounting Manager June 2022-March 2024
Senior Accountant December 2020-June 2022
Upgraded and maintained the property books into GAAP Compliance by resetting the Balance Sheet and addressing any potential GAAP issues.
Resolved the company’s multiple compliance issues with prior multi-state tax filings.
Reduced the amount of time taken to close the month by setting up schedules and addressing any issues with the P & L on a proactive basis instead of reactive.
Researched and resolved any variances in the Income Statement compared to the Budget and the PY by coordinating with the District Managers and Accounts Payable to find out the root cause and deal with the situation per GAAP.
Executed and supervised the monthly, quarterly, and/or yearly sales and personal property tax filings for multi-state compliance.
Generated and Supervised Balance Sheet Reconciliations for all Properties.
Prepared and analyzed monthly financials for the property and corporate books which included generating specific monthly reports from the data for the Investors.
Executed the transition for all new properties, including third party managed properties, the sales tax setup, business licenses, utility transfer, merchant account and all administrative requirements to be able to conduct business in the county, city, and/or state.
Supervised and trained a team of three corporate accountants to effectively perform the month and year end close by reviewing the financials to make sure they are GAAP compliant.
Facilitated in document preparation for external auditors, which included but not limited to, Depreciation and Amortization schedules, Prepaid schedules, Loan schedules for the Properties that had a Mortgage, Accounts Payable schedules, for the year-end audit.
Review the post-audit adjusting entries and finalized year-end financial statements.
S. Walter Packaging Corporation, Philadelphia, PA
Senior Accountant January 2019-June 2020
Developed a more structured method to reconcile the company’s merchant account and helped resolved their long-standing issues with chargebacks and misapplied charges.
Resolved the company’s multiple compliance issues with prior multi-state tax filings.
Reduced the amount of time taken to close the monthly financials.
Executed and supervised the quarterly and yearly sales tax filings for multi-state compliance including addressing any notices that were received from the jurisdictions.
Generated Balance Sheet and Income Statement Reconciliation schedules.
Maintained Depreciation, Amortization, Goodwill, and Intangible Asset Schedules as part of the month end and year end close.
Examined and explained variances between budget, MTD and YTD on the Income Statement.
Prepared reports and explanations on Capital Expenditures and Operational Expenditures.
Reconcile the company’s four bank accounts monthly.
Norshel Industries, Inc., Croydon, PA
Controller January 2014-December 2018
Revised and improved the account layout in the General Ledger to create a more efficient review of the monthly and year to date financial performance.
Executed three successful bank audits that helped the company maintain their positive standing with their bank and maintain their Line of Credit.
Decrease overall outstanding Accounts Receivable by 33% in the last year, including having delinquent accounts that were over 60 days past due consistently at 2-3% of total aging.
Managed the Accounts Payable and Accounts Receivable departments.
Prepared the monthly and year-end Financial Statements, reconciled the Bank Accounts, and performed variance analysis as to why there were deviations from MTD and YTD.
Reconciled the General Ledger to the LIFO/FIFO inventory valuation on a daily and monthly basis and worked with the appropriate departments to get any variances resolved.
Direct the collection and aging process for outstanding Accounts Receivable and to resolve any billing issues that were causing a delay in payment.
Education:
La Salle University, Philadelphia, PA, 2005 MBA Accounting
West Chester University, West Chester, PA, 1998 B.A. Psychology,
Computer Skills:
Proficient in Microsoft Excel, Word, & PowerPoint, NetSuite, Peachtree, QuickBooks, Yardi and multiple ERP systems.
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