Ericka Ivery
Roselle,NJ
Summary
Accomplished Senior Accountant and Financial Analyst with a proven track record at LVMH, adept in financial statement analysis and variance analysis. Excelled in staff coordination and team development, enhancing financial accuracy by 30%. Skilled in Microsoft Office Suite and ADP, demonstrating a strong ability to lead and innovate in fast-paced environments.
Overview
22
22
years of professional experience
Work History
Senior Accountant
Core Force
Edison, New Jersey
03.2022 - Current
- Month End Close
- Manage financial close process for clients
- Compile and analyze financial information to prepare monthly journal entries
- Cost of goods sold reconciliation between ERP system and General Ledger
- Perform analytics to explain variances for the actual results as compared to prior periods and estimates
- Support Director and VP of Finance with onboarding of new clients
- Reconcile inter-company transactions
- Prepare monthly financial statements and supporting schedules to be presented to clients
- Maintain fixed assets and prepaid schedules
- Support and assist AP team and Junior Accountants with daily tasks and queries
- Participate in external audits
- Calculate AR Reserve accrual
- Process quarterly royalty calculations in accordance with procedures and timetables as defined by agreement
- Generate statements, reports and analysis for licensor and management
- Reconcile accrued royalty balance to the general ledger
- Respond to inquiries from licensors regarding royalty statements and payments
- Prepares monthly royalty accrual
- Maintain shortfall schedules based upon minimum guarantees
- Ensure compliance to financial commitments and obligations which included prepaid advances, minimum guarantees and monthly or quarterly disbursements
Senior Accountant
Partners Pharmacy Services, LLC
Springfield, New Jersey
05.2019 - 03.2022
- Monthly bank reconciliation of operating and cash disbursement account
- Daily treasury management to include providing current day cash position to VP, processing wires, update BBC worksheet and preparation of journal entry for cash transactions
- Maintain fixed assets which consists of reviewing invoices on a weekly basis to ensure proper coding, posting new additions and adjustment in FA module, updating monthly rollforward
- Analyze financial statements at month end providing detail explanation of spend
- Compile data for monthly sales reports for 11 Pharmacies
- Weekly review of Accounts Payable invoices; communicate changes to AP staff
- Perform general ledger and balance sheet account reconciliations
- Prepare and post monthly journal entries recurring, nonrecurring and accruals
- Records and amortize prepaid expenses
- Month end reconciliation of AR clearing account – cash deposit, credit card transactions
Senior Accountant
OUTERSTUFF, LLC
Clark, New Jersey
06.2017 - 02.2019
- Compiled data for monthly EU sales listing filing and quarterly VAT return
- Analyzed balance sheet and income statement account fluctuations, provide explanations for any significant changes
- Annual audit preparation
- Review and reconcile factor transmission statements
- Code accounts payable bank activity prior to entry into general ledger
- Month end related: create and post journal entries, expense account review, allocations, P&L review and preparation
- Post inter-company transactions
- Reconciled cash receipts, credit card receivables and credit card fees to A/P
Sr. Financial Analyst
LVMH Perfumes & Cosmetics – Fresh Inc.
Edison, New Jersey
01.2013 - 05.2017
- Company Overview: (Division of LVMH)
- Responsible for the integrity of the general ledger accounts, ensuring that P&L accounts are used consistently and that all balance sheet accounts balances can be substantiated
- Ensure an accurate and timely monthly, quarterly and year end close
- Prior to close, review activity to ensure anticipated activity has been booked and any unanticipated activity is identified and investigated
- Conducts variance analysis for Canadian, Mexican and North America P&L’s (actual versus budget and revised budget) of operational expenses; provide commentary on variances
- Support NA business units by providing monthly reports to summarize results of operations and analyze variances
- Provide P&L by account by channel to top management
- Review income tax calculations, state sales tax and GST return preparation on a monthly basis
- Maintain Fixed Assets accounts, reconcile to GL, roll forward schedule, create new assets from WIP and depreciation
- Prepare balance sheet analysis including accrued expenses, other liabilities, store commissions and demo salaries; reconcile and re-class CY and PY bookings
- Compile data and compose commentary for monthly sales flash (both prelim and final); prepare returns accrual file
- Assist with preparation of annual budgets and revisions (R1 and R2); update financial package to include gross to net sales, retail sales by line and SOC (source of change)
- Financial reporting and consolidation in Syrus
- (Division of LVMH)
Sr. Financial Analyst
LVMH (SSC: Shared Service Center)
Edison, NJ
01.2008 - 12.2012
- Treasury management (short term cash forecast, process multiple currency wires, upload check file); ensure accuracy of recordings of FX adjustments
- Compare actual financial results to the forecasts and provide variance explanations
- Participating in monthly, quarterly and year end close
- Prepare and enter monthly journal entries and monthly accruals
- Recoding of payroll and funding the benefits
- Financial reporting of the P&L (monthly) and Balance Sheet on a quarterly basis
- Consolidation and analysis of financial packages for subsidiary entities (HK, UK, China)
- Monthly sales flashes (US and UK) to report in our price waterfall according to the international standards
- Operating and cash disbursements bank account reconciliations
- Monitor global, intra and inter - company transactions; maintain recordings and reconciliations
- Prepare and track monthly analysis of T&E expenses vs budget
- Assist in the development of financial budgets & forecast (G&A departments)
Payroll Administrator
LVMH (SSC: Shared Service Center)
Edison, NJ
12.2002 - 01.2008
- Process and audit US and Canadian weekly, bi-weekly and semi-monthly payrolls
- Create month end journal entries and adjusting JE’s relating to void and staled dated checks, payroll taxes
- Calculate accruals for wages, vacation liability and benefit plan liabilities
- Reconcile tax liabilities to tax deposits and payroll cash transactions to bank debits
- Interact with state and local agencies to reconcile outstanding payroll taxes and discrepancies
- Prepare filings and payments of various state and local tax returns (US and Canada)
Education
Bachelor of Science - Accounting
Kean University
Union, NJSkills
- Microsoft Office Suite
- ADP
- Financial Statement Analysis
- Variance analysis
- Staff Coordination
- Team Development
- Journal entry review
- General ledger accounting
References
References available upon request.
Timeline
Senior Accountant
Core Force
03.2022 - Current
Senior Accountant
Partners Pharmacy Services, LLC
05.2019 - 03.2022
Senior Accountant
OUTERSTUFF, LLC
06.2017 - 02.2019
Sr. Financial Analyst
LVMH Perfumes & Cosmetics – Fresh Inc.
01.2013 - 05.2017
Sr. Financial Analyst
LVMH (SSC: Shared Service Center)
01.2008 - 12.2012
Payroll Administrator
LVMH (SSC: Shared Service Center)
12.2002 - 01.2008
Bachelor of Science - Accounting
Kean University