DeMornai Blackwell

On-site Consultant at Independent Sector (Nonprofit)

• Identified opportunities to improve business process flows and productivity.
• Forecasted trends and recommended improvements based on financial risk analyses.
• Managed day-to-day operations within 2-person finance department for Nonprofit organization.
• Established and enforced controls on revenue and expenses to protect company assets.
• Reduced process discrepancies through measured implementation of performance reporting and data systems.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
• Handles all accounting functions for the organizations including grant management and reporting, restricted and unrestricted asset reporting and quasi endowment funding
• Successfully implemented or reimplemented new accounting functions and business process improvements including but not limited to: Bill.com, Divvy Expense Reporting, Sage Intacct

Accounting & Finance

• Completed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
• Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
• Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information.
• Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
• Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing and sales tax returns.
• Implemented new automated billing reminder system, slashing past-due accounts 75%.

Human Resources

• Managed payroll data entry and processing for 80+ employees to comply with predetermined company guidelines.
• Streamlined HR efficiencies, coordinated new hire orientations and provided onboarding and training for new employees.
• Evaluated employee onboarding programs and presented strategic improvement recommendations to upper management.
• Maintained human resources regulatory compliance with local, state and federal laws.
• Utilized compliance tools, corrective actions and identification of deficiencies to mitigate audit risks.

Contract Management

• Maintained Salesforce and Sage Intacct database for with contract, vendor and customer information.
• Monitored contracts' performance to detect non-compliance with terms and deficient returns and organize proactive resolutions.
• Managed, supervised and controlled execution of contracts ranging from $100 to $25,000 per month.
• Supported timely and complete billing by documenting milestones and submitting accurate invoicing paperwork.

Information Technology

• Facilitated best user experience through continuous support and communication of system changes.
• Negotiated software support contracts to drive $250K in cost savings over 5 year agreement.
• Guided implementation of company-wide enterprise security strategy for network and hardware, disaster recovery and endpoint protection.
• Analyzed network security and current infrastructure to assess areas in need of improvement and develop solutions.

Business Development / Marketing

• Coordinated innovative strategies to accomplish marketing objectives and boost long-term profitability.
• Developed and implemented favorable pricing structures balancing firm objectives against customer targets.
• Implemented successful approaches to revitalize underperforming product lines and create new profit-generating enterprises.
• Developed new proposals, contracts and procedures to draw in more clients and streamline work operations.
• Represented company and promoted products at conferences and industry events.

Accounting / Finance

• Directed 3 individuals within Finance department
• Compiled operational and risk reports detailing financial metrics to help management make proactive decisions.
• Created and enforced company-wide controls regarding revenue and expenses in concerted effort to protect organization's assets.
• Worked with regulatory representatives to complete accurate filings and maintain compliance.

Information Technology

• Directed 2 employees & network vendor in IT Operations
• Developed $2M information technology budget, implementing cost-cutting initiatives to stay on track.
• Used Automation technique to boost accuracy of data submission processes to 37% from 15%.
• Authored RFP for purchase and implementation of Accufund to migrate QuickBooks system for improved productivity and accounting
• Implemented, tested and tracked applications, business software, network infrastructure and wireless devices.

Human Resources

• Worked with Director of Administrative Services to ensure personnel compliance as needed for oversight in payroll, benefit and termination procedures
• Reduced audit risk by 20% by optimizing compliance tools, identifying deficiencies and implementing corrective actions.
• Reduced HR budget by 15% by developing new processes and improving workflow.
• Negotiated collective bargaining agreements with labor unions by highlighting company profit and operational outcomes.

Accounting & Finance

• Oversight of 2 direct and 1 indirect financial staff
• Prepared monthly financial reporting and packages for US and Canadian entity
• Prepared and submitted federal filings to include 990, T3010 and 5500
• Point of Contact for all financial reporting requests including but not limited to banking contacts, audit requests and membership funding

Compliance

• Oversaw 2 individuals within Compliance Department
• Reviewed grantee reporting and submissions for charitable donations in excess of $100M annually
• Accurately reported and accounted for endowment funding, restricted grant revenues upwards to $6M annually
• Maintained financial compliance reporting for donations going to over 150 countries

Human Resources / IT

• Completed onboarding & off boarding processes for employees
• Completed full cycle payroll and benefit processing
• Maintained Network Security and Admin Access; completed switch to Google Cloud Docs
  

Accounting / Finance

• Served as back up to CFO for all strategic, operational and financial decisions and action plans
• Managed 15 individuals in accounting operations, accounting close, account reporting, consolidations reporting and reconciliations for $1.6B financial institution
• Directed monthly and yearly close to included review of variance reports, analysis explanations to budget and sign off
• Managed preparation of weekly, quarterly & yearly regulatory reporting for NCUA 5300 Call Report, FR 2900 Financial Statistics Report, FHLB Quarterly Collateral Report, Business Property Taxes/Reporting & Business Consolidations

Secondary Marketing / Investments

• Oversight of all Mortgage Accounting transactions to include review Fannie Mae serviced accounts, escrow analysis, daily balancing and remittance & reporting for Credit Union Portfolio Loans and Correspondent Lending
• Reviewed proper accounting for all secondary-market transactions including Hedge Fund Accounting, Pipeline Maintenance & Packaging
• Updated investment records upon funding of investments Address and resolved non-routine, complex and unexpected variances
• Worked alongside Senior Director of Internal Audit on conducting scheduled internal audits and reporting for regulatory compliance

Property Management

• Monitored all infrastructure and building expenses and reviewed and approved invoices.
• Fully abstracted all leases and entered all pertinent information into management system.
• Supervised production of annual rent, operating expense and real estate tax adjustments.
• Prepared detailed budgets and reports on financial conditions of Commercial property

Accounting / Finance

• Oversight and management of 7 colleagues whose tasks included Accounts Payable, General Accounting and Financial Analytics of $538M financial institution
• Analyzed complex regulation and policy documents that directly impacted budgetary and financial matters and presented findings to board of directors
• Maintained complex financial analysis reports and presentations including but not limited to Investment, Financial, ALM, Deposit, and Marketing Dashboards by applying acquired financial principles and advance level Excel practices
• Reduced closing time for monthly and quarterly close by 35% by implementing new consolidation procedures.
• Reviewed Daily Accounts to include but not limited to Share Drafts, ACH, Wire Accounts, ATM Settlement and Balancing, Fixed Assets, Prepaid, Capital/Equity Accounts
• Prepared IRS Form 945 for Back-Up Withholding and Excess Share Insurance Remittance & Reporting