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Treasurer/PFO

Location:
Brandon, FL, 33647
Posted:
February 20, 2012

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Resume:

Robert A. DeVault Jr.

Tampa, Florida ***** ******.*******@*****.*** 813-***-****

FINANCIAL MANAGEMENT

Accomplished Financial Executive with extensive experience in accounting, financial reporting and SEC reporting. Responsible for a company with more than 50 billion in assets, with retail and insurance distribution. Experienced with both service provider and client side dynamics. Extensive experience in support systems integration and insourcing leveraging financial reporting software for automation and risk mitigation. Effective team leader who drives performance to increase efficiencies and strengthen controls. Specific competencies include:

• Financial Statement Prep

• Board Reporting

• Mergers

• SEC Filings and Forms • Financial Reporting Software

• Budgeting

• Expense Analysis • Valuation Committee Chair

• Compliance Monitoring

• Project Management

• Risk Committee

SELECTED ACHIEVEMENTS

Financial reporting: Audit oversight / Regulatory Reporting

• Directed financial statement production. Managed multiple data sources. Sarbanes Oxley certifications and sub certifications. Ensured full compliance with GAAP, Regulation S-X, SEC guidelines and 60 day deadlines.

• Managed auditors, oversaw report delivery, resolved reconciliation issues; proactively reconciled audit analysis before year-end to resolve any discrepancies.

• Coordinated multiple managers for MD&A preparation and review and sub certification.

• Oversaw bank report preparation and data delivery for accuracy and deadlines.

• Monitor and revise policies as needed to ensure the adequacy and effectiveness of internal controls over external financial reporting.

• Evaluate new accounting rules and SEC regulations to assess impact on the financial reporting process.3` `

Project Management / Insourcing / Automation and risk reduction

• Insourced the financial statement preparation, performance calculation, budgeting and all other administrative functions leveraging database:

Reduced typesetting bills by 700,000 annually.

Reduced reporting and admin costs by 50%.

• Leveraged existing software system adding additional companies to the platform:

Reduced management required from six directors to three.

Reduced staff required from five to two.

• Added insurance product separate accounts to performance calculation software substantially reducing calculation risk of error:

Developed current support staff to assist in project.

Utilized servers and databases already in place to minimize costs.

Leveraging Systems for Innovation

• Leveraged a database application to build multiple different end customer Fact Sheets/Data Feeds reducing data transfer risk error and increasing speed of delivery:

Built Fact Sheets from scratch within database to exact specifications of end users.

Developed data feeds to populate website support software for multiple end users.

Worked closely with different departments to understand internal dynamics and needs to create solutions that would last.

Leveraged automation eliminating additional costs for the increased workload.

PROFESSIONAL EXPERIENCE

TRANSAMERICA ASSET MANAGEMENT, St. Petersburg, FL 2002 – 2012

Vice President/Treasurer/PFO (2010 to 2012)

Certified accurate mutual fund financial statements, present to the board of directors, valuation committee chair; member trade oversight committee, risk committee.

Assistant Vice President/Assistant Treasurer/Director (2008 to 2010)

Oversaw financial reporting process, member valuation committee, oversee custody/accounting relationship, oversee fund expense budgeting, bill payment, expense limit analysis, and draft N-14 pro-forma financial statements for fund mergers.

Manager Fund Administration (2003 to 2007)

Ensured accurate financial statement production; oversee custody accounting relationship, member valuation committee. Expense budgeting, limit analysis, bill payment.

Supervisor Fund Administration (2002 to 2003)

Reviewed financial statements, monitor mutual fund compliance with 40 act, prospectus, review board reports.

PNC GLOBAL INVESTMENT SERVICING, Wilmington, DE 1994 to 2002

Mutual Fund Accounting and Administration Manager

Responsible for preparation review and supervision of daily trade and capital stock input, cash recon. and clearing, pricing, corporate actions and NAV calculation and verification. Also prepared/reviewed audit analysis cost roll forward, cash flows, portfolio turnover calculation, financial highlight per ANA and per share calculations, draft financial statements and noted to financials. Started as a Mutual Fund Accountant and promoted through several levels to management. Clients serviced were Schwab Funds and Phoenix Funds.

EDUCATION

Bachelor of Science, Business Administration

Major: Accounting/Management

Widener University, Chester, PA



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