Financial Reporting Senior Management

RICK J. BALGOBIN

MBA – University of Miami, FL Telephone: 719-***-****

BS – Banking & Finance, Everest College, Fl. E-mail: ad8a3d@r.postjobfree.com

***** **** ******, ********, **. 80602

SUMMARY

Highly motivated financial professional with over fifteen year experience in finance and accounting. Reputation for effectively communicating status, issues and progress of projects both orally and written. Develop excellent relationships with customers, team members, sales force and senior management. Known for remaining calm and focused in high stress situations.

Professional Experience

Accounting Manger, 05/10 – Present

(Commercial Credit Management Associates, LLC – Consulting Company)

Managing the accounting staff who are responsible for financial reporting, billing, collections, account payable, payroll and budget preparation for the organization

Establishes internal controls and guidelines for accounting transactions and budget preparation.

Oversees preparation of business activity reports, financial forecasts, and annual budgets.

Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles or financial reporting standards.

Responsible for tax planning throughout the fiscal year; files annual corporate tax return.

Audits accounts to ensure compliance with state and federal regulations; coordinates with outside auditors and provides needed information for the annual external audit.

Presents recommendations to management on short- and long-term financial objectives and policies.

Provides financial analysis with an emphasis on capital investments, pricing decisions, and contract negotiations.

Ensures compliance with local, state, and federal government requirements.

Performs other related duties as necessary or assigned.

Recruits and hires account and financial staff and conducts performance evaluations

Coordinates training programs for new staff and identifies training needed for current staff

Assisted with accounting department audits/special projects as needed

Cross trained staff in best practices, implemented SOX Controls and revision to policies and procedures

Partner with Finance, Operations and our Customers to understand their problems and pain points and educate them on tools and best-in-class practices to streamline the procure-to-pay cycle

Review revenue related contracts for compliance with revenue recognition guidelines, ASC 606 and determine appropriate treatment

Maintain documentation for all review and compliance work completed

Led training on revenue recognition rules, policies and procedures within the organization, especially within the Sales groups

Worked with the Revenue Recognition team and respective business partners to develop best practices

Revenue reporting and flux analysis as needed

Worked with Treasury group in ensuring that all foreign transactions was accounted in sub ledgers

Managed FX rate schedule for all entities - domestic and international

Responsible for managing vendor files and updating vendor information

Ensuring that vendors were paid in a timely manner as outlined by company's guidelines

Responsible for preparing cash flow reports for management

Ensured that best practices for both AP & AR was adhered to by all staff and improved as necessary

Ensured that invoices were entered accurately into accounting systems and paid as per due date

Cash Management, cash application and reporting

Responsible for creating fixed assets roll forward

Process Improvements and Innovations; Support monthly and quarterly financial reporting (US GAAP and Statutory Reporting)

Evaluate transactions and record to the GL as necessary to ensure financials are accurate and complete

Perform financial analysis of actual results against budget/forecast and understand the business environment to ensure financial statements are reported in accordance with US GAAP

Research technical accounting issues and work with management on solutions

Account reconciliations for month end close, GL analysis, month end and year close

Working with internal and external auditors, preparing worksheets and resolving inquiries

Reviewed and audited statements, created and approved journal entries,

Responsible for computing sales commissions and payouts

Worked with senior management to implements commission and other incentive plans

TeleTech, Inc. - CO 05/08 – 02/10

(BPO Business Process Outsourcing Company)

Accounting Supervisor – AR/AP/Cash Management/Fixed Assets

Created companywide policy for senior management and established general policy, procedures and practices governing the overall credit operation

Responsible for transferring the A/R- Cash Management portfolio to the Philippines

Responsible for transferring the A/P group to the Philippines

Implemented guidelines and policies, training the cash application team

Responsible for Fixed Assets (Domestic and International) financials and reporting to management

Creating monthly and annual roll forward report for SEC Filings and management

Responsible for asset inventory, asset tagging, retiring and disposals of assets

Responsible for entering new assets as well as retirement of assets in SAP system

Responsible for deploying assets to new sites as needed

Responsible for site visits and doing physical inventory count

Managed a group of 6 Fixed Assets Accountant in Philippines, Mexico and Argentina

Tested SOX requirements and prepared work papers for internal and external auditors

Quantum Corporation, Colorado Springs, CO

(Data Storage Company)

Manager, Credit & Collections 08/06 – 05/08

Monitor aging reports for potential problems, manage collections activities, negotiating with past due accounts, and referring accounts to collection agencies

Audits methods and implemented policies and procedures to improve and increase efficiency of operations

Analyze credit worthiness of clients and prospects and establish credit lines

Worked with internal audit to prepare work papers for auditors, ensure compliance as per Sarbanes Oxley guidelines

Perform financial analysis and reporting to senior level managers and supervisors that reporting methods are developed to optimize decision making across the entire operations

Reduced DSO from 58 to 52

Reduced open A/R 61 & Over from $13.5M to $6M

Conducted research on corporations within industry specific making credit decisions on industry trends and growth

Created weekly and month reports to management as to status of DSO, A/R and potential delinquency

Managed a group of ten credit analysts

TECHNICAL SKILLS

MS Outlook, MS Excel, MS Word, MS PowerPoint, PeopleSoft, Oracle, JD Edwards, SAP. NetSuite; Concur

PROFESSIONAL/TECHNICAL COURSES:

Six Sigma, Dealing with Difficult People, Time Management, Stress Management, Managing People, Effective Communication, Sexual Harassment in the Workplace, Team Building, Business Ethics, Basic Leadership, Group Dynamics, Project Management

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