GBENGA ISRAEL OLOLA
Springdale,MD
Summary
A seasoned Senior Accounting professional with over 15 years of Federal contract accounting experience. A highly organized, bright, self-reliant person with vision and the versatility to handle multiple tasks, work well under pressure with attention to details either independently or as a team player. A forward thinker, problem solver with excellent written and oral interpersonal communication skills committed to improving effectiveness and efficiency in operations and services.
Overview
21
21
years of professional experience
Work History
Senior GL Accountant
Praxis Engineering Technologies, LLC
Columbia, MD
06.2019 - Current
- Manage Billing and Accounts Receivables Processing for all contract types including rate adjustment/retro
- Enter cash receipt / wire transfer against AR/Invoices
- Preparation of AR reconciliation and schedules on monthly basis using Deltek – CostPoint 8.1
- Maintenance of all billing folders to ensure projects are in SOX compliance
- Maintain the Fixed Asset and associated depreciation schedules
- Record fixed asset entries, calculate and post depreciation entries through Deltek – CostPoint 8.1
- Prepare daily, weekly and monthly account schedules and reconciliations, including, but not limited to, prepaid expenses, other assets, accrued liabilities, and other liabilities to ensure that general ledger account information is accurate, consistent, traceable, and auditable
- Review balance sheet and profit and loss statements, consolidated financial statements, and other accounting schedules and reports including externally required disclosures
- Preparation and posting of revenue recognition entries using Deltek – CostPoint 8.1
- Assist in the preparation of the Annual and Quarterly Statements – Specifically the financial statements- balance sheet, income statement and cash flow statements
- Compile, review, analyze, and record financial information to the general ledger
- Complete monthly closings and effectively explain results to management
- Participate in Month-End Closing and the preparation of the Annual and Quarterly Statements – Specifically the financial statements- balance sheet, income statement and cash flow statements
- Support interim and year-end audit requirements, which may include research and reconciling
- Prepare special project analyses for Accounting Managers and Directors using Deltek – CostPoint 8.1
- Oversee Payroll Reconciliation, Initiate wire transfer and ACH
- Reconciliation of all cash accounts and performance of daily cash management duties, such as internal cash reporting
- Projects set-up functions- revenue, billing, and contract data setup in accurate and timely manner using Deltek – CostPoint 8.1
- Preparation of accrued expenses schedule, calculation and posting of accrued expenses
- Reviewing AP vouchers, consultant invoices for accuracy and approving same for payment
- Prepare AP reconciliation and Schedules
- Timesheet and Labor Distribution processing – Deltek – CostPoint 8.1
- Maintenance of chart of accounts through Deltek – CostPoint 8.1
- Monthly indirect rates/pools and service center allocation processing.
Senior Accountant
BYTTS INC
Lanham, MD
10.2011 - 05.2019
- Maintain the Fixed Asset and associated depreciation schedules
- Record fixed asset entries, calculate, and post depreciation entries
- Processed timesheets and expense reports in Unanet, GCS Premier and ADP for payroll and billing purposes
- Coordinated and ensured timely processing of all invoices, checked requests and monitored adherence to company policies as they relate to A/P
- Reconciliation of all balance sheet accounts, ideintify all outstanding items make necessary correction
- Account Receivable / Cash Receipt & other deposit Processing through Unanet/GCS Premier
- Review balance sheet and profit and loss statements, consolidated financial statements, and other accounting schedules and reports including externally required disclosures
- Preparation, posting and un-post of revenue recognition entries through Unanet/GCS Premier Unanet
- Billing / Invoices processing and distribution such as T & M, CPFF, Fixed Price etc
- Through Unanet/GCS Premier
- Preparation and maintenance of all recurring / closing adjusting entries for month-end closing
- Project set-up functions,such as revenue,billing and contract data in accurate and timely manner in Unanet
- Monthly Preparation of the company Borrowing Base Certificate submission to relevant bank
- Assisted the company in the preparation for interim and annual audits
- Perfomed month-end closing processing and closing the month through Unanet
Staff/Senior Staff Accountant
SGT Inc
Greenbelt, MD
12.2004 - 09.2011
- General Ledger and Subsidiary Ledger reconciliation and analysis
- Bank Reconciliation of all cash accounts
- Account Receivable / Cash Receipt Processing
- Billing / Invoices processing and distribution such as T & M, CPFF, Fixed Price etc
- Preparation and maintenance of all recurring / closing adjusting entries for month-end closing
- Fixed Assets Management and Processing
- Project set-up functions,such as revenue,billing and contract data in accurate and timely manner
- Monthly Preparation of the company Borrowing Base Certificate submission to relevant bank
- Prepared Annual Leave Accruals reconciliations and reports
- Assisted the company in the preparation for interim and annual audits
- Perfomed month-end closing processing
- Distribution of various accounting reports to required business office/officers
- Filed of assigned state taxes
- Performed other duties as assigned.
Staff Accountant
NETWORK Inc
Lanham, MD
01.2003 - 11.2004
- Managed Bank, Cash and Credit Card reconciliation
- Reviewed General Ledger and Subsidiary Ledgers reconciliation and analysis
- Timesheets management and processing
- Bi-monthly processing of employee’s payroll in ADP/PC for payroll
- Adjusting and recurring journal entries preparation
- Completed weekly cycle accounts payable processing including expense report for employees
- Prepared and reviewed vendor billing
- Managed employee PTO and Payroll reconciliations
- Additional working experience available upon request.
Education
Bachelor of Science - Accounting
University of Maryland University College
2019
Master of Business Administration - undefined
Federal University of Technology
1997
Bachelor of Science - Accounting
University of Lagos
1990
Skills
- Core competencies include:
- Accounts Receivable
- Bank and Balance Sheet Accounts Reconciliation
- Contracts/Projects Set-Up
- Financial & Cashflow Statements
- Fixed Asset Management
- Forecast & Budget
- Full Cycle Accounting
- General Ledger
- Month End Closing
- Payroll & Labor Processing
- Time & Material, CPFF & FFP invoicing
- SOX Compliance
Accomplishments
- Certified Chartered Accountant
- SOFTWARES
- ADP EZ-Labor
- ADP- PC Payroll
- Cognos Impromptu Report Writer
- Deltek- GCS Premier / Cost Point
- Great Plain Dynamics
- IMIS
- MS Office Suite
- Oracle Financials
- Peachtree
- QuickBooks Pro
- Report Smith
- SAP
- Symitar
- Unanet
Timeline
Senior GL Accountant
Praxis Engineering Technologies, LLC
06.2019 - Current
Senior Accountant
BYTTS INC
10.2011 - 05.2019
Staff/Senior Staff Accountant
SGT Inc
12.2004 - 09.2011
Staff Accountant
NETWORK Inc
01.2003 - 11.2004
Bachelor of Science - Accounting
University of Maryland University College
Master of Business Administration - undefined
Federal University of Technology
Bachelor of Science - Accounting
University of Lagos
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