Summary
Overview
Work History
Education
Skills
Certification
Professional Accomplishments
References
Languages
Timeline
Generic

Albana Paci

Walpole,MA

Summary

Astute Accounting Manager offering to drive company development. Successfully utilize 15 years of accounting and financial management expertise to effectively provide team leadership. Committed to fostering change management to support continuous improvement. Advanced knowledge of financial statement preparation and analysis, forecasting and cost control with strong analytical, quantitative and problem-solving skills.

Overview

14
14
years of professional experience
1
1
Certification

Work History

Accounting Manager

Kearsarge Energy, LLP
Boston, MA
09.2023 - Current
  • Oversee the Accounting team on all aspects of quarter and year-end closings, including all financial statements are correctly supported and analyzed
  • Implement new accounting standards such as ASC842 and ASC326
  • Ensure all ledger activity is complete and accurate; maintain workpapers on all balance sheet and income statement accounts including reconciliation and analysis of applicable balances
  • Managing all elements of the year-end audit and meeting deliverables; preparing financial statements and footnotes for the project entities as well as the consolidated corporate entity
  • Working with the preparation of the financial model and preparation of conditions precedent required to obtain funding from investors and lenders
  • Reading, analyzing and preparing the accounting of various agreements including Operating Agreements, Loan Agreements, Lease Agreements, Pilot Agreements and more
  • Prepare and analyze information for delivery to third party lenders and investors, including financial statements lender compliance certificates, budgets, and forecasts
  • Management, accounting, and reporting of solar renewable energy credits
  • Support the tax forecasting and preparation process
  • Working on treasury activities updating the project cash flow models on a monthly basis, including calculation of debt service coverage and reserve requirements
  • Oversee accounts payable and accounts receivable
  • Manage reconciliation of General Ledger accounts
  • Responsible for the development of the accounting team creating an environment that supports and encourages the career growth of the team members.

Senior Accountant

Kearsarge Energy, LLP
Boston, MA
07.2021 - 09.2023
  • Work with the Accounting team on all aspects of quarter and year-end closings, including all financial statements are correctly supported and analyzed
  • Prepare and maintain ASC842 schedules analyzing all lease agreements of all project companies
  • Ensure all ledger activity is complete and accurate; maintain workpapers on all balance sheet and income statement accounts including reconciliation and analysis of applicable balances
  • Direct interaction with all elements of the year-end audit and meeting deliverables; assist in the preparation of financial statements and footnotes for the project entities as well as the consolidated corporate entity
  • Prepare and analyze information for delivery to third party lenders and investors, including financial statements lender compliance certificates, budgets, and forecasts
  • Assist with management, accounting, and reporting of solar renewable energy credits
  • Support the tax forecasting and preparation process
  • Assist in treasury activities updating the project cash flow models on a monthly basis, including calculation of debt service coverage and reserve requirements.

Assistant Manager

The Cooperative Bank
Roslindale, MA
07.2019 - 07.2021
  • Resolve all customer issues and facilitate new account development and recommend appropriate bank products and services to resolve all customer issues
  • Determine all profit & sales objectives and design effective strategies to meet those objectives and goals
  • Implement all required safety programs and provide required training and development to bank employees to enhance operation and customer service levels
  • Help create budgets and forecasts and interpret financial reports and risk analysis.

Asst Manager Financial Control, Planning & Reporting

National Commercial Bank
Tirane, Albania
05.2014 - 03.2018
  • Daily preparation of Bank’s Balance Sheet and Income statement
  • Developed well documented procedures, which describe the flow of the transaction and movement of documents from the source document to the general ledger
  • Assisted in the implementation of the new banking systems and identified opportunities for automation of processes
  • Developed a manual for the bank’s accounting policies and procedures for all the items on the balance sheet and income statement
  • Ensured that these comply with the international accounting rules
  • Provided full support and recommendations on strategic decisions and third-party financial agreements.

Senior Specialist Financial Control, Planning & Reporting

National Commercial Bank
Tirane, Albania
04.2012 - 05.2014
  • Prepared and reported monthly/quarterly/yearly financial statements to the main Bank of Albania in compliance with monetary statistics, banking statistics, supervisory department, payment instrument and payment balance sheet regulations/policies
  • Provided periodic information for other regulatory bodies such as Institute of Statistics, Deposit Insurance Agency, Tax Office etc
  • Contact point person for every issue involving the reporting to the Bank of Albania and Tax Office
  • Overseeing operating expenses and GL balances comparing to the budget figures on a monthly basis and assisted with bank audits performed by external and regulatory bodies.

Specialist of Financial Control, Planning and Reporting

National Commercial Bank
Tirane, Albania
04.2010 - 04.2012
  • Provided periodic information for other regulatory bodies such as Institute of Statistics, Deposit Insurance Agency, Tax Office etc
  • Developed internal control guidelines, policies and procedures for budget accounting, cash and credit management, administration and other activities
  • Coordinating and directing budgeting, procurement, investment activities and financial planning.

Education

Masters in Finance -

Tirana University
01.2011

Bachelor of Science - Finance

Tirana University
01.2007

Skills

  • Financial Planning
  • Accounts Analysis
  • Accounting Solutions Integration
  • Account And Ledger Reconciliations
  • Financial Statement Preparation
  • Financial Statement Analysis
  • Financial Statements Expertise
  • Year-End Closing
  • Employee Mentoring
  • Financial Auditing Procedures

Certification

  • Certified Public Accountant (CPA)
  • Association of Chartered Certified Accountants (ACCA) Candidate

Professional Accomplishments

  • Accounting Manager, Kearsarge Energy, LLP, Boston, MA, 09/2023, Present, Oversee the Accounting team on all aspects of quarter and year-end closings, including all financial statements are correctly supported and analyzed., Implement new accounting standards such as ASC842 and ASC326., Ensure all ledger activity is complete and accurate; maintain workpapers on all balance sheet and income statement accounts including reconciliation and analysis of applicable balances., Managing all elements of the year-end audit and meeting deliverables; preparing financial statements and footnotes for the project entities as well as the consolidated corporate entity., Working with the preparation of the financial model and preparation of conditions precedent required to obtain funding from investors and lenders., Reading, analyzing and preparing the accounting of various agreements including Operating Agreements, Loan Agreements, Lease Agreements, Pilot Agreements and more., Prepare and analyze information for delivery to third party lenders and investors, including financial statements lender compliance certificates, budgets, and forecasts., Management, accounting, and reporting of solar renewable energy credits., Support the tax forecasting and preparation process., Working on treasury activities updating the project cash flow models on a monthly basis, including calculation of debt service coverage and reserve requirements., Oversee accounts payable and accounts receivable., Manage reconciliation of General Ledger accounts., Responsible for the development of the accounting team creating an environment that supports and encourages the career growth of the team members.
  • Senior Accountant, Kearsarge Energy, LLP, Boston, MA, 07/2021, 09/2023, Work with the Accounting team on all aspects of quarter and year-end closings, including all financial statements are correctly supported and analyzed., Prepare and maintain ASC842 schedules analyzing all lease agreements of all project companies., Ensure all ledger activity is complete and accurate; maintain workpapers on all balance sheet and income statement accounts including reconciliation and analysis of applicable balances., Direct interaction with all elements of the year-end audit and meeting deliverables; assist in the preparation of financial statements and footnotes for the project entities as well as the consolidated corporate entity., Prepare and analyze information for delivery to third party lenders and investors, including financial statements lender compliance certificates, budgets, and forecasts., Assist with management, accounting, and reporting of solar renewable energy credits., Support the tax forecasting and preparation process., Assist in treasury activities updating the project cash flow models on a monthly basis, including calculation of debt service coverage and reserve requirements.
  • Assistant Manager, The Cooperative Bank, Roslindale, MA, 07/2019, 07/2021, Resolve all customer issues and facilitate new account development and recommend appropriate bank products and services to resolve all customer issues., Determine all profit & sales objectives and design effective strategies to meet those objectives and goals., Implement all required safety programs and provide required training and development to bank employees to enhance operation and customer service levels., Help create budgets and forecasts and interpret financial reports and risk analysis.
  • Assistant Manager Financial Control, Planning & Reporting, National Commercial Bank, Tirane, Albania, 05/2014, 03/2018, Daily preparation of Bank’s Balance Sheet and Income statement., Developed well documented procedures, which describe the flow of the transaction and movement of documents from the source document to the general ledger., Assisted in the implementation of the new banking systems and identified opportunities for automation of processes., Developed a manual for the bank’s accounting policies and procedures for all the items on the balance sheet and income statement., Ensured that these comply with the international accounting rules., Provided full support and recommendations on strategic decisions and third-party financial agreements.
  • Senior Specialist Financial Control, Planning & Reporting, National Commercial Bank, Tirane, Albania, 04/2012, 05/2014, Prepared and reported monthly/quarterly/yearly financial statements to the main Bank of Albania in compliance with monetary statistics, banking statistics, supervisory department, payment instrument and payment balance sheet regulations/policies., Provided periodic information for other regulatory bodies such as Institute of Statistics, Deposit Insurance Agency, Tax Office etc., Contact point person for every issue involving the reporting to the Bank of Albania and Tax Office., Overseeing operating expenses and GL balances comparing to the budget figures on a monthly basis and assisted with bank audits performed by external and regulatory bodies.
  • Specialist of Financial Control, Planning and Reporting, National Commercial Bank, Tirane, Albania, 04/2010, 04/2012, Provided periodic information for other regulatory bodies such as Institute of Statistics, Deposit Insurance Agency, Tax Office etc., Developed internal control guidelines, policies and procedures for budget accounting, cash and credit management, administration and other activities., Coordinating and directing budgeting, procurement, investment activities and financial planning.

References

References are available upon request.

Languages

English
Native/ Bilingual
Albanian
Native/ Bilingual
Turkish
Full Professional
Italian
Professional

Timeline

Accounting Manager

Kearsarge Energy, LLP
09.2023 - Current

Senior Accountant

Kearsarge Energy, LLP
07.2021 - 09.2023

Assistant Manager

The Cooperative Bank
07.2019 - 07.2021

Asst Manager Financial Control, Planning & Reporting

National Commercial Bank
05.2014 - 03.2018

Senior Specialist Financial Control, Planning & Reporting

National Commercial Bank
04.2012 - 05.2014

Specialist of Financial Control, Planning and Reporting

National Commercial Bank
04.2010 - 04.2012

Masters in Finance -

Tirana University

Bachelor of Science - Finance

Tirana University
Albana Paci