Mary Beth Schornak
Seattle
Summary
Dynamic financial leader with extensive experience as Controller at Faraday Pharmaceuticals, Inc. Proven expertise in financial statement preparation and annual audit coordination. Adept at enhancing internal controls and driving operational improvements. Strong analytical skills complemented by effective communication, ensuring accurate financial reporting and strategic cash flow management.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Controller
Faraday Pharmaceuticals, Inc.
Seattle
07.2016 - Current
- Managed trial balances for Faraday Pharmaceutical, Inc. and Faraday Pharmaceutical Ltd, ensuring accuracy through monthly close journal entries and reconciliations.
- Prepared and reviewed internal consolidated financial statements monthly, adhering to generally accepted accounting principles (GAAP).
- Served as key liaison with external auditors, overseeing annual financial audits and external financial statement generation.
- Conducted research and documented significant financial transactions, producing technical accounting memos.
- Collaborated with Operations Manager on accounts payable automation system for accurate approvals and coding.
Controller, Contractor
Nexgenia, Inc.
01.2016 - 01.2019
- Oversee all accounting and tax matters, including AP, fixed assets, GL, payroll, business tax, property tax, responsible for closing books monthly and preparing internal financial reports in accordance to GAAP and investor reporting.
- Manage cash flow projection on a monthly basis and communicate with CEO on a weekly to monthly basis depending on corporate situation.
- Develop internal control system and recommend areas for improvement both financial and operational.
- Lead the completion of annual financial audit and coordinate with external tax accountants for corporate tax return preparation.
- Prepare annual budget and conduct monthly budget to actual comparison.
- Collaborate with the Operations Manager on purchase requisition and expense reporting management system for proper approval and account coding.
Consultant
PhaseRx, Inc
Seattle
01.2016 - 07.2016
- Assisted theController in daily accounting operations such as general ledger work, accounts payable, and expense report reviewing
Education
BA - Business Administration
University of Puget Sound
Tacoma, WACertificate in Accounting -
North Seattle Community College
Seattle, WACPA / Certified Public Accountant, Inactive -
Washington State Board of Accountancy
Seattle, WASkills
- Financial statement preparation
- Annual audit coordination
- General ledger management
- Month-end closing processes
- Fixed asset accounting
- Depreciation schedule management
- Budget variance analysis
- Accounts payable and receivable
- Payroll processing and HR support
- Benefits administration
- Foreign currency translation
Certification
CPA / Certified Public Accountant, Inactive, Washington State Board of Accountancy, Seattle, WA
Timeline
Controller
Faraday Pharmaceuticals, Inc.
07.2016 - Current
Consultant
PhaseRx, Inc
01.2016 - 07.2016
Controller, Contractor
Nexgenia, Inc.
01.2016 - 01.2019
BA - Business Administration
University of Puget Sound
Certificate in Accounting -
North Seattle Community College
CPA / Certified Public Accountant, Inactive -
Washington State Board of Accountancy