Financial Executive
Resume:
Philip J. Fratino
Willoughby, OH 44094
E-Mail Address *******@***.***
Career Summary
Financial Executive with years of increasing responsibility in the finance and accounting profession within the financial services, healthcare, construction, university / utility and entertainment industries and have been able to adapt to the different environments with specific expertise in the following areas:
1. Securities and Exchange Commission (SEC) and other Regulatory filings
2. Management Reporting, Design and Implementation
3. Consolidations and Financial Reporting
4. Budgeting and Planning
5. Financial Analysis
6. Mergers and Acquisitions
Professional Experience
Franklin & Seidelmann Subspecialty Radiology, Beachwood, OH - July 2007 to June 2009
Financial Analyst
• Successfully integrated the accounting functions of an acquired company in a prompt and timely manner.
• Analyze and prepare all journal entries relating to the month end close process.
• Managed the process of paying Doctors in a prompt and timely manner.
• Managed the Accounting Department upon the abrupt departure of the Controller. Despite being short staffed, our department managed to meet all timelines and provide to Senior Management the information they needed to make decisions.
GreenBank, Greeneville, TN - September 2004 – May 2007
Accounting Officer, AVP
• Prepared reports for the SEC form 10Q and 10K in a timely fashion.
• Research US GAAP, SEC and other Regulatory issues and made recommendation to improve reporting.
• Prepared reports to the SEC relating to Section 16 regulatory filings.
• Created the Bank’s Consolidated Budget, by using a more realistic approach of growing loans and deposits.
• Analyzed variances between current, prior months and Budget and provided recommendations to improve Corporate and Business Unit profitability.
New River Light & Power (ASU) Boone, NC – August 1999 – August 2004
Accountant II (Controller) - Customer Service Manager
• Managed computer operations (Customer Information System CIS and Financial).
• Managed Customer Service Department making sure rules, regulations, policies and procedures are followed.
• Created a business Budget, analyze variances between actual and budgeted amounts to and recommend ways to increase net income
Management Responsibilities
Managed four employees including computer operations, customer service, accounts payable/payroll and custodian.
Philip J. Fratino Resume Page 2
Saxton Incorporated (Construction/Home Builder), Las Vegas, NV – August 1997 to July 1999
Senior Corporate Accountant (Assistant Controller)
• Created a monthly management report allowing management the ability to review their performance and improve profitability.
• Reviewed and coordinated the preparation of reports to SEC.
• Reviewed the consolidation process, which created materially correct financial statements for the use of senior management, creditors and investors.
• Prepared percentage of completion model.
• Prepared Indirect Cost allocations.
Management Responsibilities
Managed one employee (payroll).
Las Vegas Motor Speedway, Las Vegas, NV – January 1997 to August 1997
Controller
• Created a “soft count” program that reduced reporting from days to a few hours.
• Counted monies and sent deposit to bank working from 5am often till late at night.
Management Responsibilities
Managed six employees including accounts payable, accounts receivable and 4 soft count/hard count (during events).
Bank of America, Las Vegas, NV (As successor to Valley Bank of Nevada) – October 1990 to December 1996
Assistant Vice President/Senior Financial Analyst
Senior Accountant
Senior Accounting Analyst
Accounting Analyst
• Reviewed and coordinated the preparation of all monthly reports to the Board of Directors and quarterly to the Federal Reserve (FRY 9C), SEC and market analysts.
• Reviewed the consolidation/elimination process, which created materially correct financial statements for the use of senior management, creditors and investors.
• Created Purchase Accounting entries for various mergers.
• Invented and implemented a report that allows management, company wide to analyze staffing requirements compared to planned amounts reducing personnel expenses.
Society Bank, Cleveland, OH (As successor to Central National Bank) – September 1984 to October 1990
Corporate Accountant
Corporate Tax Accountant
Fixed Asset Accountant
Insurance Accountant
• Prepared workers for federal tax return 1120 in a complete and efficient manner allowing management time to review the return before submission to the IRS.
• Worked as part of a team during an IRS audit to answer question from the IRS. My knowledge of investment tax credit and tax depreciation resulted in significant savings during the audit.
Philip J. Fratino Resume Page 3
Software
Microsoft Excel Jack Henry Financial Systems
Microsoft Word FCS General Ledger
Profitstar Timberline Construction Accounting package
Hyperion MAS 90 Financial Accounting package
Microsoft Great Plains FRX Report Writer
Quickbooks
Professional License and Education
Licensed CPA in the State of Ohio #30271. Currently in a retired status
Graduate of Miami University (Ohio) May 1984 - Bachelor of Science with Accountancy major.
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