Kennisha Banks
Richmond,USA
Summary
Results-oriented accounting and finance professional with a strong work ethic and over 18 years of accounting experience. Highly effective in establishing processes, internal controls, financial reporting, financial analysis, system implementation and management. Demonstrated ability to perform in demanding and intense work environments and committed to driving initiatives towards continuous process improvements and problem solving. Strengths include: Fixed Assets, Financial Reporting, Sound Technical and Analytical skills, Budgeting & Forecasting, Extensive knowledge of Sarbanes Oxley Compliance / Internal Controls, Strong Audit Experience, Team Leadership & Collaboration, Solid communication between all levels, Systems Implementation / Development, Streamlining Processes / Delivering Timely Data, Process Improvements, Advanced Excel and SQL exposure, Strong Business Acumen.
Overview
18
18
years of professional experience
Work History
Senior Accountant
Seal for life industries
03.2022 - Current
- Company Overview: (coatings manufacturing and supply provider)
- Develop and manage yearly budget
- Cashflow forecast and projections
- Evaluate Capital Spending for proper accounting
- Research and improve accounting and finance related topics as needed for accurate and timely accounting processes
- Analyze financial data to forecast and identify trends, perform variance analysis and update budget
- Create, review, and approve account reconciliation for balance sheet accounts for 3 companies for consolidation
- Ad Hoc Projects requested by executives and management
- Find incorrect or inefficient accounting practices and suggest and implement more efficient processes, such as including inventory processes from invoice to ship
- Prepare analysis of financial statements
- Guide junior accountants, and review journal entries
- Created Payroll template for accurate payroll allocations and intercompany calculations
- Amortize Prepaids in agreement with contractual terms and obligations
- Addbacks Review and evaluation for Investors
- Accrue costs expected via PL analysis monthly
- Audit liaison
- (coatings manufacturing and supply provider)
Senior Operations Financial Analyst
Waterbridge Resources, LLC
Houston, TX
10.2019 - 03.2022
- Company Overview: (private equity backed midstream water disposal service provider)
- Record, monitor, and analyze capital spending for 3 accounting books (corporate and 2 basins)
- Monitor and manage spending AFEs for accurate cost applications
- Compare AFE project VOWD to Actual costs to capture monthly accruals
- Coordinate with field for proper capital spending application, including land
- Quarterly meeting with executives for overall capital costs evaluations
- Participate in biannual audits as point of contact for capital spending related inquiries and processes
- Cleaned up and created capital spending (including land related costs) reconciliation file for monthly review
- Reconcile CIP, accrued capital spending, and land capital GL accounts
- Worked on Workday system implementation
- Contributed to establishing internal controls and AFE policy processes
- (private equity backed midstream water disposal service provider)
Financial Reporting Supervisor
Texon lp
Houston, TX
11.2011 - 04.2019
- Company Overview: (Privately held midstream service provider of blend technology and niche energy marketing)
- Contributor on the Implementation and testing of Sage Intacct
- Reconciled financial balances between Solomon and Intacct for accuracy
- Cleaned up inaccurate balances
- Incorporated processes for easier financial close process
- Reviewed and approved asset transactions and journal entries
- Reviewed period close activities for accuracy and timeliness
- Lead contact on interim and yearly audits
- Prepared internal financials and provided accounting support for Company’s management team
- Oversee and manage financial close process to distribution
- Calculate monthly working capital and net worth
- Maintain derivative monthly balances
- Coordinate with Finance VP to prepare forecast
- Natural Gas Liquids margin reconciliation and report
- Review Balance Sheet related account Reconciliations
- Research and improve accounting related topics as needed for accurate and timely accounting processes
- Restructured and created a faster close process (from 60+ day close to 25 day)
- Led, organized, and executed new projects as assigned by the VP of Finance to develop business process improvements and new system functionality
- Executed preparing and finalizing financial reporting package for executive review
- Construct cash flow statement to test system generated cash flow statement
- Ensure accurate, timely resolution of discrepancies found during reconciliations
- Accounting Liaison on Entero clean up and implementation
- Entero invoices, purchases, inventories system reconciliation, investigation, and correction facilitation
- Entero and Solomon accrued payable and receivable cross reconciliation
- Created, researched, improved, and trained in the management of biodiesel certificates
- Review AP Invoices, Journal entries, and Expense reports for coding accuracy
- Executed variance analysis on budget to actual operating expenses
- Mitigated discrepancies with proactive analysis and processes
- Streamlined cash reconciliation process, and PP&E maintenance and process
- Participated in monthly/quarterly business reviews with upper management to discuss business results and budget/forecast variances
- Created, Reviewed and approved fixed asset rollforwards/account reconciliations
- Provided audit support for fiscal year-end audit
- (Privately held midstream service provider of blend technology and niche energy marketing)
AP & Material Accountant
Southern Company (Mississippi Power)
Gulfport, MS
07.2010 - 11.2011
- Company Overview: (An investor-owned electric utility company and a wholly owned subsidiary of Atlanta-based Southern Company.)
- Provide various ad hoc reports on capital balances of reconciled accounts
- Research nuances in accordance with FERC regulations
- Prepare monthly JE to balance inventory and ensure timely month end close
- Perform AUC variance analysis and make corrections as needed
- Oversaw physical inventory at generation plants and material distribution locations
- Support end users on P2P process and other payable related inquiries
- Maintain consistent communication with field to ensure accurate, timely resolution of discrepancies
- Identify and implement improvements to systems and related processes to develop efficiencies
- Contributor on Oracle and Maximo implementation team
- Tested transactions and tracked process though Oracle from initial entry to import into Maximo
- Reconciled and retested unsuccessful transactions for error resolution
- (An investor-owned electric utility company and a wholly owned subsidiary of Atlanta-based Southern Company.)
Associate: Assurance/Audit
PricewaterhouseCoopers, LLP
Houston, TX
01.2007 - 08.2008
- Participated in year-end audits with a variety of clients that included AIG SunAmerica, ExxonMobil, Service Corp International (including carve out), and Maverick Tube Corporation (Tenaris)
- Strong experience in the attest/assurance process of a client's operations utilizing firm practice methodology to assess our client's operation
- Coordinated & participated in quarterly and annual audits of public companies (SEC compliance)
- Maintained regular communication with clients to ensure timely completion of audits
- Organized meetings and presentations to ensure clients understanding of the new AS5
- Conducted on-site inventory counts for a variety of clients across various industries
- This includes risk assessment, planning, analytical procedures, benefit plan analysis, operations improvement, as well as focused reviews of information systems
- Participated in audits of internal control over financial reporting as required by AS5 and Section 404 of Sarbanes-Oxley
- Performed SOX 404 procedures - conducted control based audits that included review of control, documentation, and processes and controls testing of public companies
- Tested audit areas including cash, investments, A/R, A/P and other liabilities, expenses, fixed assets, equity, payroll, investment income, repurchase agreements, and revenue by performing substantive tests of details on transactions and affiliated accounts related to the financial statements
- Performed research relating to various accounting issues including client application of new policies, financial reporting disclosures, and FAS 157
- Executed conveying solutions to our client's complex business problems through the use of written reports and presentations
- Performed walkthroughs and testing of controls for different processes, including oil and gas properties marketing/trading operations, revenue, treasury, and financial reporting, also including evaluating internal controls and design of controls and testing operating effectiveness of controls
Education
Master of Business Administration -
Houston Baptist University
Houston, TXBachelors of Science - Accounting
Hampton University
Hampton, VAAssociate of Science - Business Administration
Tidewater Community College
Portsmouth, VASkills
- Fixed Assets
- Financial Reporting
- Sound Technical and Analytical skills
- Budgeting & Forecasting
- Extensive knowledge of Sarbanes Oxley Compliance / Internal Controls
- Strong Audit Experience
- Team Leadership & Collaboration
- Solid communication between all levels
- Systems Implementation / Development
- Streamlining Processes / Delivering Timely Data
- Process Improvements
- Advanced Excel and SQL exposure
- Strong Business Acumen
- General ledger accounting
- Audit Support
- Variance Analysis
- Payroll Processing
- Cash Flow Management
- Tax Preparation
- Knowledge of financial statements
- General Ledger Management
- Bank Reconciliation
- Internal Controls
- Journal entry posting
- Budget Management
- Financial auditing procedures
- Financial reporting systems maintenance
- Financial Auditing
- Forecasting
- Willing to Learn
- Critical Thinking
- Operational Reporting
- Advanced Mathematics
- Proactive and Focused
- Adaptability
- Analytical Skills
- Attention to Detail
- Financial Information Systems
- Analytical Thinking
- Problem-solving abilities
- Remote Video Conferencing
- Community Networking
Workinggap - Reason
Moved back to Mississippi to take care of my ailing mother.
Timeline
Senior Accountant
Seal for life industries
03.2022 - Current
Senior Operations Financial Analyst
Waterbridge Resources, LLC
10.2019 - 03.2022
Financial Reporting Supervisor
Texon lp
11.2011 - 04.2019
AP & Material Accountant
Southern Company (Mississippi Power)
07.2010 - 11.2011
Associate: Assurance/Audit
PricewaterhouseCoopers, LLP
01.2007 - 08.2008
Master of Business Administration -
Houston Baptist University
Bachelors of Science - Accounting
Hampton University
Associate of Science - Business Administration
Tidewater Community College
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