Summary
Overview
Work History
Education
Skills
Timeline
Generic

Cheryl Nasta

Cave Creek,AZ

Summary

Accomplished finance and accounting professional with over 25 years of demonstrated experience including budgeting, forecasting, reporting, accounting, financial systems, and project management. My experience encompasses a variety and depth of expertise in many roles throughout the organization. My contributions include a common thread of driving efficiency, analyzing complex financial information, implementing process improvements, and identifying best practices and opportunities to drive efficient. I have an established and proven ability to lead and motivate high-performing, multi-disciplinary teams, and implementation partners to achieve organizational goals. This includes delivering four successful, high profile systems implementations and projects, under budget.

Overview

26
26
years of professional experience

Work History

Director- Financial Systems

Shea Homes
12.2015 - Current
  • Manage, coordinate and orchestrate the Finance and Accounting organization’s capital and non-capital project business systems initiatives for Shea Homes and Heavy Construction (as applicable)
  • Oversee the administration of and provide governance over Finance and Accounting applications including OneStream and IntelliChief
  • Act as internal project manager over financial system implementations with a proven record of delivering successful, complex deployments under budget including IntelliChief, OneStream Consolidation and Forecast application, OneStream underwriting tool and Hyperion Financial Management
  • Execute Project Management tasks over project lifecycles including (but not limited to): Develop and identify scope, define requirements, create business case, and financial models including budget, cost benefit analysis and IRR for all prospective capital projects for senior management approval
  • Draft, distribute and manage RFP process
  • Review and refine contracts and software agreements and collaborate with CIO and Legal for approvals
  • Produce and present status for active capital projects to the IT Capital Committee and Executives on a quarterly basis
  • Generate measures of success to track progress towards project goals
  • Provide guidance and recommendation on resource allocation and assist in managing shared resources and conflicting priorities
  • Oversee and execute the user acceptance testing and issue/defect resolution
  • Lead Steering Committee status meetings with project stakeholders
  • Collaborate with external consultants
  • Create and maintain the consulting and software cost budgets for Shea Homes Corporate for including in IT quarterly forecast updates
  • Administer and communicate priority of current and future initiatives and status of ongoing projects as Associate member of the Shea Home IT Steering Committee
  • Developed calculation script for indirect cash flow rules for home building operations within both OneStream and HFM
  • Coordinated with senior management in the design, content and creation of new standard of internal cash flow reporting
  • Partner with VP of Accounting to execute new business or accounting/ reporting requirements that impact the OneStream environment
  • Partner with division Vice Presidents and Global Finance team to develop and implement enhancements to applications to align or expand with evolving business needs
  • Ongoing coordination and partnership across the J.F
  • Shea IT organization to ensure data integrity, security and change control, training, infrastructure and performance and safeguard controls and processes subject to IT Audit
  • Maintain a solid understanding of business reporting requirements, processes, and how information is utilized and leveraged to support ongoing operations
  • Network and engage with software companies as needed and/or consulting partners to build and maintain business partnerships
  • Manage a staff that includes a Financial Systems Manager responsible for the administration of OneStream and external project manager resources as needed
  • Train, motivate and develop staff by encouraging company values, business partnerships, efficiency, continuous process improvement, and accountability
  • Develop routine 360 feedback and open communication including annual goal planning and performance reviews
  • Led organization of best practice initiatives across divisions, identifying areas of improvement or enhancements including the reorganization and centralization of Finance teams between Family and Active Lifestyle Divisions
  • Managed design and implementation of ASC 606, Revenue from Contracts with Customers, from a Finance and systems perspective
  • Collaborate with project committee and external audit to interpret and understand requirements of the new guidance, communicate with various stakeholders on related operational impacts, and develop and manage implementation plan.

Finance Manager- Southern California Division

Shea Homes
10.2010 - 12.2015
  • Coordinated and led the centralization of the Southern California Finance role into new centralized Finance team to the Arizona location
  • Collaborated with the Vice President of Finance centrally, to build cohesive framework across financial analyst functions and standardized processes globally to streamline and create efficiencies
  • Controlled the cash management and payables process for six joint ventures including the compilation of monthly cash flow analysis, and monthly financial statement preparation
  • Prepare financial data for inclusion in joint venture partner meetings, as well as borrowing base calculations and quarterly packages to banks
  • Interacted with division leaders to establish and maintain monthly budgeting process and best practices for internal business metrics and reporting and ensure accuracy of monthly costing standards
  • Maintained accuracy and integrity of gross margin reporting weekly and prepare contribution margin analysis by construction phase for production starts
  • Coordinate with Internal and External Audit as it related to the quarterly review process
  • Managed the quarterly forecast and annual business plan with Division Vice President
  • Prepared and provided analysis and ongoing business plan guidance to JV Partners.

Regional Controller- Central Accounting

Shea Homes
07.2008 - 10.2010
  • Participated in the ongoing centralization efforts of the Accounting and Finance regional and corporate roles including resource planning, documentation, and establishing best practices
  • Primarily responsible for general ledger and accounting activities of Arizona, Southern California and Corporate divisions
  • Managed a direct team of six accounting professionals through general ledger close process, account reconciliation and review, monthly reporting, variance analysis, and ad-hoc projects
  • Team lead in centralizing the Corporate Accounting function and integrating into new centralized team
  • Interacted with senior management at the divisional and corporate level providing clear communication and influence decisions across levels of authority
  • Managed coordination of real estate property taxes across divisions
  • Worked in conjunction with external consultants in coordinating property tax appeals on certain land holdings
  • Ensured integrity in reporting as well as consistency with GAAP, prepare and document controls in alignment with internal and external audit requirements
  • Reviewed and approve all vendor checks for accuracy and monitor cash flow and cash flow projections at a corporate level
  • Facilitated and reviewed the recording and cash management functions across the consolidated entity at a corporate level, corporate allocations, and budget vs actual analysis on a monthly basis.

Assistant Controller- Arizona Division

Shea Homes
06.2006 - 06.2008
  • Participated in the divisional implementation of a company-wide general ledger conversion to JD Edwards Enterprise One
  • Administered and executed testing of A/P processes and all aspects of general accounting functions, planned and ensured staff were adequately trained in order to avoid any interruption of business
  • Supervised the monthly and annual close process which includes reviewing journal entries and automated postings for accuracy & completeness, review financial reports and ensure all accounting process and entries are complete, ensure integrity of G/L, A/P, and other interfaced systems impacting financial and unit reporting, perform company, project, and cost center and account setups as necessary
  • Managed high-volume (approx
  • 12M/month) Accounts Payable team of three, ensuring appropriate segregation of duties are in place for all check runs and continually strive for efficiency
  • Assisted preparation of summaries, roll-forward schedules, variance analyses, and other audit schedules, as requested for annual financial statement audits and internal audits, as necessary
  • Assisted the forecast team on a quarterly basis to compile and analyze projected forecast information (sales, closings, revenue, gross profits, cash flow, G&A expense, selling expense, and other income and expense) for specific land development and home building projects
  • Ensured high levels of customer service to internal customers as well as our trade partners.

Senior Financial Analyst- Arizona Division

Shea Homes
12.2005 - 06.2006
  • Provided quarterly and annual forecast to management for Vistancia consolidated joint venture and other consolidated projects
  • Work with various departments across division to measure timing of receipts and disbursements for projections
  • Compiled 5-year trend analysis and variance analysis explanations for budget vs
  • Actual comparisons on a quarterly basis
  • Assembled monthly cash flow for Division as compared to annual business plan with variance analysis
  • Designed and implemented a consistent Cash Flow reporting tool across divisions in preparation for system integration to new ledger system.

Assistant Vice President - Corporate Financial Reporting & Analysis

Citigroup
10.2001 - 11.2005
  • Managed integrity of balance sheet exceeding one trillion in assets as well as the corporate loan portfolio and allowance for loan loss on a monthly and quarterly basis for Citigroup, Citicorp and Citibank legal entities for inclusion in internal board presentations, 10Q/10K SEC filings and quarterly earnings releases
  • Prepared detailed annotations and discussion points for CFO for reference in quarterly analyst calls/ presentations
  • Collaborated on the implementation of new Balance-Sheet and Equity related accounting pronouncements and disclosures
  • Provided training and supervision to staff of five comprised of managers and financial analysts
  • Calculated weighted basic and diluted shares for EPS disclosures
  • Coordinated and maintained comprehensive calculation of projections for for option, stock and deferred compensation activity for over 200,000 employees
  • Participated in monthly flash calls pertaining to specific business segments, review and interpret accuracy of P&L data and text included in the MD&A sections of the 10Qs and earning release disclosures for Life and Annuity and Asset Management businesses
  • Coordinated with Corporate Treasury in compilation of Liquidity disclosures and derive Citigroup equity estimates for mid-year forecast and yearly plan purposes
  • Review debt covenant requirements for Citigroup and Citicorp entities as well as write long and short-term debt footnotes on a quarterly and annual basis
  • Spear-headed the development and distribution of an automated legal entity Balance Sheet by business segment to facilitate Balance Sheet control initiatives at the request of senior management, utilized by business segment CFO’s globally
  • Field questions and furnished data to various areas including Accounting Policy, Tax, Regulatory, Planning, Treasury, Investor Relations as well as internal and external auditors, and the FED and OCC as needed
  • Evaluated RCSA’s and perform quarterly tests of controls on accordance with SOX 404.

Senior Accountant- Financial Services Assurance Practice

KPMG LLP
10.1998 - 10.2001
  • Provided assurance services to Global accounts such as Credit Suisse First Boston, CSFBdirect, DLJ, ING and Chase Manhattan Bank
  • Responsibilities included developing and completing audit plans, made inquiries to key client senior management; analyzed, reconciled, and interpreted financial data for accuracy and compliance in accordance with relevant accounting, auditing and regulatory standards; ensured validity and accuracy of financial data included in Form 10Qs and 10Ks, broker-dealer filings, and quarterly earnings releases; maintained detailed and organized documentation in accordance with Firm standards; supervised and trained new personnel promoting integrity, quality and teamwork
  • Engaged on various consulting engagements including: the recommendation and implementation of business process improvements of stock transfer department; executed and documented the initial phase of a US GAAP conversion project for NY business unit of a global investment bank; assisted global compensation department in facilitating the mid-year review process, and provided support on a due diligence project for the acquisition/purchase of a NY based broker-dealer operation.

Education

Bachelor of Science in Accounting -

LONG ISLAND UNIVERSITY/C.W. POST CAMPUS
05.1998

Skills

  • Detail-oriented with a big picture perspective
  • Strategic business partner
  • Ability to understand stakeholder’s perspectives
  • Intellectually curious
  • Self-directed learner
  • Strong interpersonal and problem solving skills
  • Implicit awareness to identify risks and opportunities
  • Ability to thrive in fast-paced, complex, or changing business environments and successfully navigate in ambiguous ones
  • Committed to setting actionable goals and driving results
  • Advocate of fostering strong team-oriented environments with open and honest communication
  • Lead multi discipline teams to achieve objectives
  • Ability to influence, negotiate and interact with all levels of management
  • Natural competence for identifying strengths and skills in others
  • Organizational and analytical proficiencies
  • Honest, reliable, pragmatic, empathetic, resilient and flexible
  • OneStream 742
  • IntelliChief
  • JD Edwards Enterprise One
  • Cherwell Service Management
  • Microsoft Office 365
  • Business Objects
  • PowerBi
  • CMS
  • Salesforce

Timeline

Director- Financial Systems

Shea Homes
12.2015 - Current

Finance Manager- Southern California Division

Shea Homes
10.2010 - 12.2015

Regional Controller- Central Accounting

Shea Homes
07.2008 - 10.2010

Assistant Controller- Arizona Division

Shea Homes
06.2006 - 06.2008

Senior Financial Analyst- Arizona Division

Shea Homes
12.2005 - 06.2006

Assistant Vice President - Corporate Financial Reporting & Analysis

Citigroup
10.2001 - 11.2005

Senior Accountant- Financial Services Assurance Practice

KPMG LLP
10.1998 - 10.2001

Bachelor of Science in Accounting -

LONG ISLAND UNIVERSITY/C.W. POST CAMPUS

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