Summary
Overview
Work History
Education
Skills
Certification
Work Availability
Timeline
Generic

Kelly McDermott

Sugar Land,TX

Summary

Goal-focused Accountant with record of accurate reporting and budget management. Offering 12 years of CPA experience handling full cycle accounting including preparation and interpretation of financial statements according to GAAP.

Overview

32
32
years of professional experience
1
1
Certificate

Work History

Financial Controller

B&J Wholesale, LLC
12.2023 - Current
  • Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
  • Reduced operating costs through meticulous budget management and cost analysis.
  • Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
  • Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
  • Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
  • Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
  • Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
  • Developed comprehensive financial models for strategic planning and decision-making purposes.
  • Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
  • Led organizational cash flow and cash flow forecasting initiatives.
  • Optimized working capital availability by proactively managing inventory levels, accounts receivable balances, vendor payment terms negotiation.
  • Followed up with delinquent accounts to obtain funds and reduce aging balances.
  • Prepared balance sheets, cash flow reports and income statements.
  • Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
  • Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
  • Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
  • Accurately completed financial statement audits and thoroughly reviewed results.
  • Continued to perform senior accountant role.

Senior Accountant

B&J Wholesale, LLC
03.2021 - 11.2023
  • Prepared monthly journal entries and reconciliations.
  • Reconciled accounts and created documents for monthly closure procedures.
  • Reviewed documents and accounts for discrepancies and resolved variances.
  • Reconciled balance sheets and streamlined best practices for balance sheet processes.
  • Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
  • Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
  • Updated general ledger with latest entries.
  • Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
  • Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
  • Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
  • Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
  • Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.

Senior Accountant

System 4 Of Houston
03.2013 - 02.2021
  • Worked independently to run full cycle accounting and day to day operations of service based janitorial master franchise
  • Company also sold and financed individual franchises to independent contractors
  • Set up, implemented, and improved accounting systems and processes to meet business's growing needs
  • Managed five employees including one staff accountant
  • Reconciled balance sheet accounts and streamlined best practices for balance sheet processes
  • Prepared monthly schedules for balance sheet reconciliation such as fixed assets and depreciation, accrued expenses, and prepaid assets
  • Evaluated and improved accuracy and completeness of all financial records
  • Prepared monthly and year end financial statements
  • Gathered and analyzed employee, department and company-wide financial information
  • Managed cash flow and all cash transactions and reconciled to bank statement
  • Handled accounts receivable duties including invoicing, cash and credit card receipts, all reporting, and collections
  • Reduced receivable cycle times considerably by implementing effective collection processes
  • Managed all accounts payables from payment to reporting
  • Improved vendor terms and relationships
  • Prepared reports for and filed sales tax
  • Performed all payroll reports and associated duties to pay employees in house
  • Prepare supporting schedules and provide documentation for outside auditors as needed
  • Performed all other accounting duties to complete entire accounting cycle including gathering information, preparing documents, finalizing reports and closing books.

Office Manager and Staff Accountant

BG Chair Company. Inc.
01.1992 - 07.2012
  • Oversaw day to day operations and accounting for a small Ohio based manufacturing company working directly with owner
  • Set up and implemented all accounting processes for AR, AP, collections, and cash functions
  • Tracked and recorded expenses and reconciled accounts to maintain accurate, current and compliant financial records
  • Purchased raw materials used for manufacturing
  • Compared vendor prices and negotiated for optimal savings
  • Maintained relationships with vendors and managed invoices for materials for production
  • Generated financial statements and reports detailing accounts receivable status
  • Also, reviewed accounts on monthly basis to assess aging and pursue collection of funds
  • Reconciled account information and reported figures in general ledger by comparing to bank account statement each month
  • Provided all technical customer support for manufactured product.

Education

CPA Qualifying Certificate Accounting - Accounting

Owens Community College
Perrysburg, OH
05.2011

Associate of Science - Business Administration

Bowling Green State University
Bowling Green, OH
12.1991

Skills

  • GAAP proficiency
  • General ledger accounting
  • Financial statement review
  • Financial reporting
  • Expertise in QuickBooks
  • Expertise in Excel
  • Variance Analysis

Certification

Certified Public Accountant (CPA)

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
swipe to browse

Timeline

Financial Controller

B&J Wholesale, LLC
12.2023 - Current

Senior Accountant

B&J Wholesale, LLC
03.2021 - 11.2023

Senior Accountant

System 4 Of Houston
03.2013 - 02.2021

Office Manager and Staff Accountant

BG Chair Company. Inc.
01.1992 - 07.2012

CPA Qualifying Certificate Accounting - Accounting

Owens Community College

Associate of Science - Business Administration

Bowling Green State University

Similar Profiles

CREATE PROFILE
Kelly McDermott