Lynn Coen, CPA
Norfolk,VA
Summary
Dedicated and thorough financial professional with over twenty years' experience in public, private and governmental accounting and finance. Skilled in technical and analytical research of complex financial issues, forensic accounting and auditing, budgeting and forecasting, compliance reporting, and guidance and development of accounting staff in previous positions. Additional skills in verbal and written communication, coupled with an optimistic approach and a commitment to improving teamwork and employee relationships, add a human element sometimes missing in the financial profession.
Overview
28
28
years of professional experience
1
1
Certification
Work History
Bond Fund Manager
HRTAC
07.2019 - Current
- Manage the Commission's outstanding debt portfolio to ensure accurate reporting and paying of HRTAC's debt service, including calculation of monthly flow of funds transfers in accordance with multiple bond indentures. Monitor fund balances for payment decisions on large transportation projects. Track bond proceed expenditures on multiple bond and debt issuances.
- Assist with issuance of bonds and other long term debt as needed. Work together with the Executive Director, financial advisors and bond counsel by providing accurate information on fund balances, other available cash, project cost expenditures and other necessary information.
- Research and record complex financial transactions related to debt issuance, debt retirement and debt defeasance. Ensure transactions are accounted for in accordance with GAAP. Prepare financial statement footnotes and disclosures for audited financial statements.
- Work closely with VDOT and various Commonwealth departments at year-end to provide information needed to calculate inter-agency receivables/payables, detailed information on bond and debt transactions and balances, and Component Unit financial reporting requirements.
- Research other accounting and financial statement reporting issues to ensure compliance with FASB and GASB standards. Work with external auditors, specifically in the areas of government accounts payable and long-term debt.
- Assist with operation of the HRRTF program to enable transfers to HRT of state money managed by HRTAC.
- Prepare approval request packages with clear, concise written communication to the Finance Chair in order to obtain multiple levels of approval on all HRTAC outgoing wires. Enter internal transfers and all wires and monitor until complete.
- Provide additional support to the Executive Director as needed
Fiscal Administrator, Chesapeake Transportation Sy
City Of Chesapeake, Virginia
08.2018 - 06.2019
- Oversight of all financial matters relating to the Toll System of the City of Chesapeake
- Financial reporting and accounting for all bonds and other debt, including working with toll consultants, ratings agencies, financial advisors and trustees
- Cooperative work with the City’s Debt Manager to calculate and monitor debt covenant ratios and debt service requirements
- Prepare financial disclosures posted on the City’s website regarding toll transactions, revenues and expenses, and Construction in Process
- Budgeting, forecasting and variance analysis
- Supervise and train financial staff
- Review and approve all journal entries, bank and account reconciliations and financial statements
- Prepare numerous audit schedules, disclosures and footnotes for City’s Comprehensive Annual Financial Report (CAFR)
- Fixed assets inventory and reconciliation
- Oracle PeopleSoft, Microsoft Outlook, Word and Excel.
Controller
HWK, Inc.
03.2016 - 07.2018
- Financial Controller for a group of 45 family-owned corporations, partnerships, limited liability companies and trusts
- Accounting, financial reporting, payroll, budgeting, and tax preparation for 45 entities (single-asset real estate partnerships/LLCs, commercial real estate, long-term real estate investments, commercial loans and asset and investment management entities)
- Reporting and forecasting for large investment portfolios for 8 entities
- Federal income tax research, planning, projections and return preparation for each entity as well as 21 individuals in a four-generation extended family group
- Considerable tax research on issues related to partnerships, real estate, portfolio income, alternative minimum tax, individual taxation, IRA conversions and trusts
- Established controls and procedures for a neglected accounting system upon beginning this position
- Completed extensive analysis of all accounting and tax records for each entity, resulting in numerous corrections from the previous ten years
- Filed successful requests for overlooked IRS refunds and abatement of penalties
- Established cohesive, productive relationships with other accounting department personnel
- Quickbooks Desktop, Microsoft Excel, Word and Outlook, Microsoft Access, TValue.
Accountant
Insight for Living
12.2013 - 03.2016
- Accounts payable, fixed assets, capital leases, prepaid expenses
- Electronic Bank Deposits, processing of donor contributions, cash account analysis, G/L account reconciliations
- Audit schedule preparation and assistance with audit
- Reconciliation of consolidated budget schedules, restricted gifts and royalties
- Great Plains accounting software, RTL donor software, Microsoft Excel, Word and Outlook.
Volunteer
Hope for the Heart
12.2010 - 10.2012
- Relief receptionist, administrative volunteer in Finance Department.
Contract Accountant
Malibu Floors
07.2011 - 10.2011
- Account analysis, bank reconciliations and journal entries.
Audit Manager and Tax Supervisor
Public Accounting
07.1996 - 12.2009
- Areas of concentration included construction, banking, pension plans, nonprofit, manufacturing and fraud investigation.
Education
Master of Science in Accounting -
University of North Texas
Denton, TXBachelor of Science in Accounting -
University of North Texas
Denton, TXSkills
- Analysis and research of complex technical financial issues
- Financial Reporting and Auditing
- Forensic and investigative accounting
- Analysis and administration of legal or statutory bond and tax documents
- Concise written communication
- Relationship building, both internal and external
- Supervision and guidance of accounting team
Certification
Certified Public Accountant
- State of Texas, License #39302
- State of Virginia, License # 49072
Timeline
Bond Fund Manager
HRTAC
07.2019 - Current
Fiscal Administrator, Chesapeake Transportation Sy
City Of Chesapeake, Virginia
08.2018 - 06.2019
Controller
HWK, Inc.
03.2016 - 07.2018
Accountant
Insight for Living
12.2013 - 03.2016
Contract Accountant
Malibu Floors
07.2011 - 10.2011
Volunteer
Hope for the Heart
12.2010 - 10.2012
Audit Manager and Tax Supervisor
Public Accounting
07.1996 - 12.2009
Master of Science in Accounting -
University of North Texas
Bachelor of Science in Accounting -
University of North Texas
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