Elizabeth Daley
Longmeadow,MA
Summary
Dynamic finance professional with expertise in financial reporting, budget management, and strategic planning. Proven track record of leading initiatives that drive efficiency and compliance, while enhancing organizational financial health.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Owner
Practical Magic Bookkeeping Services
Longmeadow, Massachusetts
06.2008 - Current
- Prepared year-end tax returns for diverse clientele using tax preparation software.
- Reviewed financial documents for accuracy and compliance with tax regulations.
- Communicated tax obligations and strategies to clients during consultation sessions.
- Organized client records to ensure efficient retrieval and processing of information.
- Collaborated with clients to gather necessary documentation for tax filing.
- Assisted in audits by providing required documentation and responding to inquiries.
- Mentored junior staff on bookkeeping best practices and tax preparation techniques.
- Worked closely with external auditors during annual audits providing support as needed.
- Generated accurate financial reports on a monthly basis to be used in the preparation of taxes.
- Performed financial analysis to identify trends, variances and opportunities for improvement.
- Communicated with clients regarding tax inquiries, requests for additional documentation.
- Monitored changes in federal, state and local laws relating to taxation matters that could affect clients' business operations.
- Prepared year-end bookkeeping entries, including reconciliations, journal entries and accruals.
- Created W-2s, 1099s, 1096s at year-end as required by law.
- Ensured compliance with government regulations through review of internal procedures.
- Collaborated with accountants, auditors and other personnel as necessary to resolve any outstanding questions or issues related to taxation matters.
- Completed tax forms accurately and timely according to established deadlines.
- Assisted with the preparation of financial statements and other reports as needed.
- Analyzed current processes to identify areas where efficiency can be improved.
- Reviewed client documents for accuracy and completeness of information prior to filing tax returns.
- Identified discrepancies between budgeted amounts and actual expenses.
- Reconciled bank statements on a regular basis ensuring accuracy of all transactions.
- Responded to state and federal tax notices by preparing written responses or tax return amendments.
Director of Finance
Webber & Grinnell Insurance/Alera Group
Northampton, MA
10.2007 - 10.2023
- Developed financial strategies to optimize budget allocations and resource management.
- Analyzed financial reports to identify trends and provide actionable insights to stakeholders.
- Led annual budgeting process, collaborating with department heads for accurate forecasts.
- Ensured that all tax filings were completed accurately and on time according to federal state regulations.
- Provided oversight for accounts receivable and payable functions, payroll processing, investments, and treasury operations.
- Established policies and procedures related to accounting systems, internal controls, budgeting, forecasting, and purchasing.
- Negotiated contracts with vendors for services such as banking relationships or technology solutions.
- Monitored cash flow, prepared monthly financial statements, and analyzed trends to ensure appropriate use of funds.
- Developed and maintained strong banking relationships, securing favorable terms for credit facilities and other financial services.
- Coordinated with HR on payroll management and benefit fund allocations, ensuring accuracy and compliance.
- Supervised accounts payable and receivable operations, improving cash flow management and reducing outstanding debts.
- Played a key role in mergers and acquisitions, conducting due diligence and integrating financial systems and processes.
- Analyzed actual financial results to budget, preparing variance reporting to functional groups.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
Education
Bachelor of Science - Business Management
Suffolk University
Boston, Massachusetts, MASkills
- Financial reporting
- Budget management
- Financial strategy
- Process improvement
- Relationship building
- Analytical thinking
- Problem solving
- Human resource management
Certification
SHRM-CP - Society Of Human Resources Management
Timeline
Owner
Practical Magic Bookkeeping Services
06.2008 - Current
Director of Finance
Webber & Grinnell Insurance/Alera Group
10.2007 - 10.2023
Bachelor of Science - Business Management
Suffolk University