Karen Cooper Frana

Administered all financial transactions for two companies, ensuring compliance with OMB Uniform Guidance and GAAP. Supervised accounting team to achieve accurate management of federally funded programs. Prepared and analyzed cost allocations for equitable and allowable distribution of costs to agency wide programs. Prepared annual budget, monthly, quarterly and annual financial statements and presented to management.

• Developed a checklist to guide the audit process, ensuring all key areas are covered, resulting in clean audits.
• Streamlined month-end close process, improving report time to management by reducing month end close time by 30%.
• Implemented new accounting software and reduced staff from 4 to 2.
• Implemented a system of internal controls with limited staff that improved compliance with GAAP regulations.

Managed accounting functions of $3 million 501(c)3 entity, overseeing various cost centers. Directed daily operations while ensuring timely and precise financial reports. Contracted employee benefits programs to enhance organizational performance. Acquired necessary business insurance coverage to mitigate risks.

• Collaborated with Executive Director to create and execute financial strategies aligned with long-term goals, achieving significant cost savings.
• Reduced expenses by managing payroll in-house to enhance budget efficiency.

• Co-managed daily, monthly and annual financial transactions, ensuring timely completion of tasks.
• Responsible for all payroll functions and administration of employee benefits.
• Maintained inventory of office supplies, proactively restocking materials when needed to minimize downtime due to shortages.