FLORENCE AKADJE
Summary
A highly knowledgeable and skilled finance and accounting professional with over 10 years of progressive experience in the financial services industry. Proven expertise in financial analysis, reporting, and accounting, with a strong understanding of GAAP and regulatory compliance. Demonstrated ability to streamline processes, improve efficiency, and contribute to organizational goals. Adept at collaborating with cross-functional teams, managing multiple priorities, and delivering accurate results in fast-paced environments. Seeking a challenging role where I can leverage my skills and experience to contribute to the success of a growing organization.
Overview
13
13
years of professional experience
Work History
Finance Analyst
Tower Federal Credit Union
Laurel, MD
01.2022 - Current
- Prepares financial forecasts to provide information that assists decision-makers in evaluating the company’s progress toward its goals and objectives by developing assumptions on future trends in rates, volumes, and terms, and gathering information from external market sources.
- Provides analytical and administrative support to the Asset Liability Committee (ALCO), as well as accounting and investment functions, to support company operations.
- Performs financial analyses and prepares financial reports to be used by senior decision-makers.
- Responsible for maintaining the investment accounting system and generating reports for evaluating and planning investment strategy.
- Oversees the daily cash position process to ensure adequate balances at financial institutions, maintains accurate investment general ledger accounts, and prepares statements and reports.
- Monitors reserve positions to ensure that required reserves are maintained with the Federal Reserve Bank (FRB), and are responsible for record-keeping and reporting on the daily cash and reserve positions.
- Maintains the ALM database to provide timely and accurate financial data that meets internal and external reporting requirements.
- Contributes to the improvement of the Investments and ALM Department through research and analytical support, as well as special projects to support ALCO.
Accountant II
Tower Federal Credit Union
Laurel, MD
11.2020 - 12.2021
- Prepares regular, periodic reports on the status of account reconciliations to management.
- Ensures reconciliations are submitted within stated deadlines, and informs accounting management and custodian department management of problematic accounts.
- Collaborates with other business units within the credit union to reconcile and resolve outstanding transactions.
- Ensures the accuracy of entries to general ledger accounts, and reconciles subsidiary general ledger accounts.
- Responsible for the entry and recording of fixed assets and depreciation transactions.
- Assists in the monthly closing process by reviewing and posting month-end entries.
- Participates in the audit process by ensuring all documents are available for review.
- Responsible for wire transfers for TFCU members and credit union departments, per OFAC and FinCen regulations, after verifying proper authorization and debit of the appropriate account.
Senior Accountant
City First Bank of DC
Washington, DC
03.2019 - 10.2020
- Responsible for maintaining the investment portfolio by recording purchases, sales, maturities, and interest payments, and performing monthly reconciliation.
- Coordinated the end-of-period closing process to ensure all deadlines were met, and information was presented per GAAP.
- Performed bank reconciliations and account reconciliations between the general ledger, subsidiary ledgers, and financial statements.
- Assisted with preparing and reviewing the balance sheet, income statements, supporting schedules, and comparative financial information.
- Prepared monthly closing entries.
- Reviewed detailed analyses of fixed asset general ledger accounts and depreciation expenditure on a monthly, quarterly, and annual basis.
- Maintained schedules, and prepared entries for the amortization of prepaid and other assets.
- Received invoices for payment; assigned appropriated G/L coding to the invoice, and prepared check requests.
- Cross-trained in all accounting positions to ensure the ongoing daily operations of the organization.
Finance Analyst – Bank Officer
Revere Bank
Laurel, MD
09.2011 - 02.2019
- Responsible for monthly Asset/Liability Committee (ALCO) reports, such as analysis, Economic Value of Equity (EVE), and Earnings at Risk (EAR), utilizing PCBB (Sendero-based) for presentation to the Senior Vice President of Finance.
- Assisted with purchasing investments by performing pre-purchase analysis.
- Monitored the daily cash position at corresponding banks to ensure an adequate balance of funds.
- Responsible for creating, analyzing, and compiling monthly Board of Directors' reporting.
- Responsible for preparing periodic GAAP financial statements while ensuring the integrity and completeness of the financials.
- Reconcile complex general ledger accounts to sub-ledgers, investigate and resolve discrepancies, and post adjustments.
- Liaison between the Bank and internal and external auditors to increase the efficiency and effectiveness of the audit process.
- Created, implemented, and managed the bank-wide vendor management system.
- Trained and mentored four team members within the Finance Department.
- Created, documented, and implemented a streamlined, bank-wide Accounts Payable process.
- The new approach resulted in a 37% reduction in errors, and it trained the Finance Department on the new process.
- Work closely with other finance employees to resolve accounting issues.
Education
Master of Science - Accounting and Financial Management
University Maryland Global Campus
College Park, MD08.2021
Bachelor of Science - Finance
Salisbury University
Salisbury, MD05.2006
Skills
- Leadership
- Regulatory compliance and reporting
- GAAP Financial Reporting
- Board and management reporting
- Superior research skills
- Variance and Cost Analysis
- Efficiency improvements
- Account reconciliation
- QuickBooks
- IBM Cognos Report Studio
- Fiserv Premier Banking Platform
- Prologue Financial Accounting
- Investment analysis
- FIS Horizon Banking Platform
- Horizon 360 Business Intelligence
- Microsoft Great Plains
- Tableau
- Fiserv Intelligent Workplace
- Microsoft Office (Word, Excel, PowerPoint)
- Axiom Financial
- C Myers Anytime Forecasting & ALM
Leadership Development
Maryland Bankers Association Emerging Leaders Program, 11/18
Relevant Training
- Asset Liability Education, C. Myers, 06/24
- Bank Secrecy Act & Anti-Money Laundering Act, American Bankers Association, 12/18
- Office of Foreign Assets Control, American Bankers Association, 12/18
- Patriot Act, American Bankers Association, 12/18
- Bond University, Performance Trust, 10/18
- Analyzing Bank Performance, American Bankers Association, 08/17
Community Service
- Board Member, First Generation College Bound
- Revere Bank Team Leader, Best Buddies of Maryland
References
References available upon request.
Timeline
Finance Analyst
Tower Federal Credit Union
01.2022 - Current
Accountant II
Tower Federal Credit Union
11.2020 - 12.2021
Senior Accountant
City First Bank of DC
03.2019 - 10.2020
Finance Analyst – Bank Officer
Revere Bank
09.2011 - 02.2019
Master of Science - Accounting and Financial Management
University Maryland Global Campus
Bachelor of Science - Finance
Salisbury University
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