Cheryl Moretti-Chiarelli
North Attleboro,MA
Summary
Versatile CPA with a broad and unique background in banking, finance, real estate transactions and business & investment management; offering creative and innovative issue resolution with a positive and enthusiastic attitude. Motivated senior finance/accounting professional, proficient in financial management & reporting, and partnering with departmental leaders to identify business development strategies and cost saving opportunities. Action-oriented with experience creating & managing budget/forecast process, and complex, cross-functional, decision support tools.
Overview
19
19
years of professional experience
Work History
CPA & Business Consultant
Self-Employed
, RI
06.2019 - Current
- Provided research & analysis on broad range of tax & accounting topics to determine appropriate reporting, disclosure & filing requirements of GAAP & IRS rules/regulations
- Prepared financial statements for Compilation & Review engagements
- Prepared correspondence on behalf of client for; abatement requests, response to IRS notices & summarizing interpretation of technical guidance/recommendation
- Recommended tax strategies for complex, multifaceted accounting & tax issues to reduce/offset tax liability and minimize risks
- Streamlined and improved accounting processes
Sr. Financial Analyst, Officer
Bristol County Savings Bank
Taunton, MA
02.2017 - 06.2019
- FP&A; created & presented financial models & analysis to support various strategic planning & initiatives
- Sr. Exec./BOD reporting of deposit & loan variances and ongoing initiatives (business lines & corporate)
- Forecasting/Budgeting NII (deposit/loans) and supporting analysis & assumptions
- Project & Data Warehouse Mgmt; support CORE system upgrade; reviewed, streamlined and converted Finance/Accounting & Business Mgmt (FP&A) reports to Crystal Reporting
- Treasury services; investment portfolio oversight & reporting (stock & bond), partner with state/local banking partnerships; responsible for Asset/Liability Management & Liquidity Risk Management
- Provided ongoing direct support to CFO and Controller; annual audits (internal/external), tax preparation and other special projects with deposit & loan operations
Supervisor / Sr. Accountant
Yarlas, Kaplan, Santilli & Moran (YKSM) CPA's
Providence, RI
03.2011 - 04.2017
- Provided tax and accounting expertise to 50+ self-managed clients/accounts
- Prepared various tax filings (individual, business, fiduciary & non-profit)
- Researched & interpreted complex tax issues and accounting topics via IRS/GAAP literature
- Provided recommendations & support for tax positions and F/S disclosures; including cost-benefit analysis of risk/reward
- Conducted audits, reviews and compilations for businesses & non-profit organizations
- Reviewed workpapers to ensure adequacy, accuracy and completeness & communicated unresolved issues/risks to partner(s)/client, as needed
- Supervised, trained and mentored 9 staff accountants; scheduling and monitoring of workload & client satisfaction
- Created and monitored project/client budgets; communicated issues to Partner(s), if applicable
Financial Advisor
Morgan Stanley Smith Barney
Boston, MA
01.2010 - 01.2011
- Successfully completed 6-month training program & investment/securities licensing; Series 7, 66, 31, Life & Accident/Health Insurance
- Completed professional evaluations and comprehensive business planning and client development
- Provided analysis of current vs future cash flows, risk tolerance, life style and retirement goals
- Created long-term investment strategies for individuals and small business owners
Relationship Manager/Sr. Analyst - Group Property
RBS/Citizens Bank N.A.
Providence, RI
08.2006 - 10.2009
- FP&A and excel modeling of the bank’s corporate real estate portfolio and transactions involving leased & owned commercial property (retail & corporate)
- Provided strategic planning (design/develop) for 1,800+ locations totaling 12 million SF (3 regions/16 states)
- Coordinated financial modeling, business cases, project timing and space planning (3,000+ staff)
- Managed comprehensive regional real estate strategies and affiliated budget and cost-savings
- Coordinated and facilitated real estate strategies across 3 regions
- Provided recommendations to align real estate initiatives with business line objectives to create value-driven efficiencies and measured cost savings
- Coordinated and presented financial impacts & space considerations for comprehensive real estate strategy scenarios to executive management
- Developed and leveraged internal/external relationships to support real estate strategy FP&A
- Created/interpreted complex financial models to achieve value optimization and support cost-effective real estate transactions; such as acquisitions, dispositions, sale-leasebacks and regional back-office consolidations
Finance Manager - Corp Real Estate Mgmt
RBS Citizens Bank
Providence, RI
12.2003 - 01.2006
- Supervised 3 financial analysts, supporting $300MM+ real estate portfolio
- Prepared and managed annual budgets and month-end forecast
- Presented variance analysis and consolidated reporting to management & corporate accounting
- Prepared and monitored accruals, journal entries, data metrics and inter-company allocations
- Managed capital plans by state/region; coordinating real estate projects & capital reallocation
- Developed and administered adequate financial procedures to enhance decision making and provide counseling on fiscal control, capital/budgets and GAAP/IFRS adherence
- Optimized FP&A models to support transaction analysis and expense reduction initiatives
Financial Analyst
Citizens Financial Group, Inc.
Providence, RI
01.2002 - 11.2003
- Provided FP&A for various business units & bank projects and acquisitions
- Provided month-end analysis and variance explanations for actuals comparison to budget/forecast
- Facilitated process improvements, enhanced project tracking and budgeting/forecasting software support
- SME in development of MIS FP&A custom built software
- Reviewed business cases and determined financial impact and fund availability
- Validated cost reduction measures driven by Procurement contract negotiations
- Managed capital expense budgets (acquisition/project & business lines)
- Monitored projects and validated cost savings post implementation; compare to budget
Education
MBA - Finance
University of Rhode Island
Kingston, RIBachelor of Science - Accounting
University of Rhode Island
Kingston, RISkills
- Financial Planning & Analysis
- Budgeting/Forecasting
- Financial Management/Reporting
- Portfolio Management
- Relationship Management
- Real Estate Transactions
- Business Intelligence Gathering
- Cash Flow Management
- Microsoft Office Suite
- Leadership and Staff Development
- Business Development
- Analytical and Critical Thinker
- Process Improvement
- Oracle PeopleSoft
- Performance Benchmarking
- Attention to Detail
Timeline
CPA & Business Consultant
Self-Employed
06.2019 - Current
Sr. Financial Analyst, Officer
Bristol County Savings Bank
02.2017 - 06.2019
Supervisor / Sr. Accountant
Yarlas, Kaplan, Santilli & Moran (YKSM) CPA's
03.2011 - 04.2017
Financial Advisor
Morgan Stanley Smith Barney
01.2010 - 01.2011
Relationship Manager/Sr. Analyst - Group Property
RBS/Citizens Bank N.A.
08.2006 - 10.2009
Finance Manager - Corp Real Estate Mgmt
RBS Citizens Bank
12.2003 - 01.2006
Financial Analyst
Citizens Financial Group, Inc.
01.2002 - 11.2003
MBA - Finance
University of Rhode Island
Bachelor of Science - Accounting
University of Rhode Island
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