Summary
Overview
Work History
Education
Skills
References
Timeline
Generic

TESFAYE BEKELE

Silver Spring,MD

Summary

Accomplished Senior Financial Analyst with a proven track record at University Research Co., LLC (URC), adept in GAAP compliance and financial modeling. Streamlined audit processes, reducing adjustments by over 40%, and expertly managed over $40M in wire transfers. Demonstrates exceptional analytical skills and a collaborative approach, ensuring accuracy and compliance in financial reporting.

Overview

22
22
years of professional experience

Work History

Senior Financial Analyst

University Research Co., LLC (URC)
12.2020 - Current
  • Streamlined annual audit preparations ensuring that all financial records meet regulatory and USAID compliance standards, and reduced audit adjustments.
  • Direct or perform all required accounting functions, and manage the monthly/annual closing.
  • Prepare, review, and submit monthly field financial reports in collaboration with PCs and the field team.
  • Implemented to ensure company policies and procedures are followed in line with donors and USAID requirements.
  • Review, analyze, and resolve pending items on field balance sheet reports to keep them clean.
  • Prepared and reconciled the bank statement with the general ledger activity, monthly.
  • Prepares monthly assigned general ledger account reconciliations.
  • Prepares and records monthly adjusting journal entries.
  • Review and analyze the project consultants’ payment request for wire processing.
  • Reviewed and processed over $40M in international and domestic wire transfers across multiple field projects, ensuring 100% accuracy and compliance annually.
  • Collaborated closely with various teams to guarantee the accuracy and completeness of financial data.
  • Prepare, compile, and manage documents for financial statements, tax filings, and audit support.
  • Reviewed contracts between vendors and suppliers ensuring compliance with company policy and regulations.

Staff Accountant

University Research Co., LLC (URC) & Center for Human Services (CHS)
07.2012 - 12.2020
  • Assisted in preparing periodic financial reports and analyses of accounts with high proficiency.
  • Led accounts payable and accounts receivable issues, and resolved them timely and efficiently.
  • Analyzed and provided various financial-related reports as needed to management, using various Excel functions.
  • Analyzed and prepared checks for different vendors in a timely manner.
  • Dealt with internal and external clients to resolve issues related to financial management and budget.
  • Reconciled cash and check balances on a regular basis.
  • Performed bank reconciliations and prepared entries and adjustments to accounts.
  • Oversaw the implementation and use of Paylocity payroll software.
  • Processed and uploaded biweekly payroll via Paylocity software.
  • Dealt with employees and the payroll provider for any issues that arise from payroll processing.
  • Implemented creating, updating, and deleting new and existing employees for the payroll process.
  • Worked on allocating and reconciling credit card merchant bank account deposits and refunds with the operating bank account.
  • Communicated with various entities through email, phone, and mail, and resolved problems smoothly in a professional manner.
  • Reviewed accounts payable invoices for accuracy prior to payment processing.
  • Participated in special projects as needed.
  • Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
  • Reconciled company bank statements and bookkeeping ledgers.
  • Reconciled bank statements and resolved discrepancies promptly.

Bookkeeper

Shoppers food and pharmacy
05.2007 - 05.2012
  • Recording and reconciling daily sales in the system, and making any adjustments as needed.
  • Work on money gram transactions in wiring money all over the world.
  • Work on global express for bill payments and card reloading.
  • Interact and solve problems related to customer disputes.
  • Reconciling cash and check balances on a daily basis of transactions.
  • Reconcile and adjust transactions as needed.
  • Participate in planning and implementing the budget and inventory.
  • Assisted in training and helping employees on how to handle registers and clients.

Accounting Assistant

Kforce staffing agency
03.2006 - 05.2007
  • Mr. Bekele worked on different projects and at different companies as a temporary worker.
  • The assignments completed include:
  • Prepared daily, weekly, and monthly cash flow statements, and weekly cash flow projections.
  • Processed accounts payable and accounts receivable, and handled vendor relations.
  • Managed bank and general ledger reconciliations.
  • Processed a biweekly payroll for more than 100 employees using QuickBooks.
  • Processed and paid payroll tax liabilities.
  • Prepared and filled quarterly 941 and other payroll taxes, state tax filings, and supported the work of the outside auditor regarding taxes, and reviewed financial statements.
  • Participate in monthly financial statements, annual budgets, and variance analysis to budgets.
  • Reconciled all accounts, controlled the general ledger, and prepared the year-end trial balance.

Senior Accountant

Equatorial Business Group PLC
Addis Ababa
03.2003 - 03.2005
  • Worked on cost analysis and pricing of imported goods from different countries.
  • Reconciled the general and subsidiary ledgers of the company.
  • Performed all activities related to accounts receivable and accounts payable.
  • Processed tax (VAT) preparation and filing on a monthly basis.
  • Prepared accounting entries for financial statements in accordance with GAAP.
  • Performed various cost and budget analyses.
  • Oversaw and helped to implement ACCPAC software, and trained other staff.

Education

Bachelor’s degree - Accounting

Addis Ababa University
Ethiopia
07.2000

Skills

  • QuickBooks
  • Sage 300 (ACCPAC)
  • Costpoint
  • Paylocity
  • MS office
  • Outlook
  • Bookkeeping
  • Cash flow management
  • GAAP compliance
  • Account reconciliation
  • Budgeting and planning
  • Financial statement analysis
  • Variance analysis
  • Internal controls
  • Cost-benefit analysis
  • Expense reduction
  • Revenue recognition
  • Financial modeling

References

References available upon request.

Timeline

Senior Financial Analyst

University Research Co., LLC (URC)
12.2020 - Current

Staff Accountant

University Research Co., LLC (URC) & Center for Human Services (CHS)
07.2012 - 12.2020

Bookkeeper

Shoppers food and pharmacy
05.2007 - 05.2012

Accounting Assistant

Kforce staffing agency
03.2006 - 05.2007

Senior Accountant

Equatorial Business Group PLC
03.2003 - 03.2005

Bachelor’s degree - Accounting

Addis Ababa University

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