MELISSA CHAVAKULA
Miami,FL
Summary
Highly skilled and talented finance manager with extensive knowledge of data analysis. Strong management and supervisory skills. Seeking a rewarding and challenging position as a finance manager in a company that values professional growth opportunities. Background in customer service, marketing, and billing, with excellent interpersonal skills to effectively interface with patrons, clients, and professionals. Proficient in Excel, and PowerPoint for efficient handling of various tasks.
Overview
9
9
years of professional experience
Work History
Accounting Manager
Davidson Hotels & Resorts
08.2023 - Current
- Managed journal entries, collection efforts, reconciliations, and payroll processing.
- Managed banking reconciliations and monthly balance sheet statements.
- Managed relationships with external vendors, ensuring timely payments and accurate recording of expenses.
- Completed bi-weekly payroll for company employees.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Generated monthly and quarterly financial statements for executive review.
- Streamlined month-end closing procedures resulting in reduced processing time without compromising accuracy or completeness of the reports generated.
- Collaborated with other departments to achieve accurate and prompt financial reporting.
- Managed successful audits by collaborating effectively with internal and external auditors.
- Reduced discrepancies in financial data with thorough account reconciliations and adjustments.
- Monitored budget allocation and expenditures to enforce compliance with company policies.
- Oversaw payroll processing, ensuring accuracy and timely distribution of employee payments.
- Streamlined monthly closing process, significantly reducing time required for financial reporting preparation.
- Reduced outstanding accounts receivable through more effective communication strategies with clients.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Contributed to hiring, training and development of accounting teams.
- Ensured compliance with GAAP, tax regulations, and internal policies by conducting regular audits and reviews.
- Reduced month-end closing time by implementing efficient reconciliation procedures.
Senior Staff Accountant
Surfcomber Miami Beach
01.2022 - 08.2023
- Responsible for timely reporting of monthly financial analysis and management reports
- Prepare full accounting reports, summaries and reconciliation with relevant reports submitted before the deadline
- Investigate, resolve accounting discrepancies and irregularities
- Review monthly accounts, variance analysis and highlight key weaknesses and recommend for improvement
- Provide monthly expense and cost analysis for management review
- Handle monthly payroll and office administrative tasks
- Processing of payments to vendors
- Analyze financial information in response to queries from Management, suppliers, and customers
- Able to meet the reporting deadlines and requirements by priority the task given
- Reduced discrepancies in account balances by thoroughly reviewing and reconciling general ledger accounts on a monthly basis.
- Calculated tax owed, prepared, and submitted returns and upheld compliance with all applicable laws.
- Prepared accounts for industry audits and supported audit process.
- Prepared monthly journal entries and reconciliations.
- Completed year-end closing processes with controllers and external auditors.
- Contributed to hiring, training and development of accounting teams.
Senior Staff Accountant(AR,AP)Paymaster
Lorien Hotel and Spa
01.2021 - 08.2023
- Company Overview: Website: https://Lorienhotelandspa.com
- Completes payments and controls expenses by receiving, processing, verifying, and reconciling invoices
- Reconciles processed work by verifying entries and comparing system reports to balances
- Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries
- Pays vendors by monitoring discount opportunities, verifying federal id numbers, scheduling and preparing checks, and resolving purchase order, contract, invoice, or payment discrepancies and documentation
- Ensures credit is received for outstanding memo
- Issues stop-payments or purchase order amendments
- Pays employees by receiving and verifying expense reports and requests for advances; preparing checks
- Maintains accounting ledgers by verifying and posting account transactions
- Verifies vendor accounts by reconciling monthly statements and related transactions
- Maintains historical records by microfilming and filing documents
- Disburses petty cash by recording entry and verifying documentation
- Reports sales taxes by calculating requirements on paid invoices
- Protects organization's value by keeping information confidential
- Updates job knowledge by participating in educational opportunities
- Accomplishes accounting and organization mission by completing related results as needed
- Performing general bookkeeping duties, like invoicing clients, recording cash receipts, making deposits at the bank, reconciling accounts and updating accounting software log
- Auditing ledgers periodically to ensure that the invoice numbers and billing addresses are accurate
- Handling any special billing situations
- Maintaining accurate accounting ledgers that are in line with best practices
- Following up with past-due accounts for collections
- Keeping management and executives informed of any issues
- Answering any billing questions that clients might have
- Receiving and handling invoicing and billing-related mail
- Communicating with other department heads regularly
- Addressing any billing discrepancies
- Generating financial reports and statements that detail the status of accounts receivable
- Maintains payroll information by collecting, calculating, and entering data
- Updates payroll records by entering changes in exemptions, insurance coverage, savings deductions, and job title and department/division transfers
- Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages
- Determines payroll liabilities by calculating employee federal and state income and social security taxes and employer's social security, unemployment, and workers compensation payments
- Resolves payroll discrepancies by collecting and analyzing information
- Provides payroll information by answering questions and requests
- Maintains payroll operations by following policies and procedures; reporting needed changes
- Maintains employee confidence and protects payroll operations by keeping information confidential
- Contributes to team effort by accomplishing related results as needed
- Website: https://Lorienhotelandspa.com
Staff Accountant
Hotel Monaco Baltimore
01.2018 - 03.2020
- Prepare consolidated internal and external financial statements by gathering and analyzing information from the general ledger system and from departments
- Analyzes information and options by developing spreadsheet reports, verifying information
- Prepare general ledger entries by maintaining records and files, and reconciling accounts
- Prepare payments by accruing expenses; assigning account numbers; requesting disbursements; reconciling accounts
- Develops and implements accounting procedures by analyzing current procedures, recommending changes
- Answers accounting and financial questions by researching and interpreting data
- Protects organization's value by keeping information confidential
- Updates job knowledge by participating in educational opportunities
- Accomplishes accounting and organization mission by completing related results as needed
- Monitor accounts and incoming payments
- Perform verifying, classifying, computing, posting and recording accounts receivable data
- Verify discrepancies
- Respond to and resolve clients' billing issues and questions
- Prepare and manage bills, invoices and bank deposits
- Reconcile the accounts receivable ledger
- Make sure that all payments are properly posted
Income Auditor
Nobu Eden Roc
01.2016 - 06.2017
- Credit card transactions balance with the micros & Opera systems and prepare the credit card summary
- Implement financial control procedures and systems
- Check Micros and Opera reports for accuracy and unusual transactions
- Ensure all rates and rate codes are documented, approved and loaded in the PMS and Reservations systems
- Post room & tax, Opera backup, file maintenance and the close of day
- Update credit card reconciliations on a daily basis that agree to transmissions and receipts
- Reconcile and review all daily revenue transactions and ensure that postings are correctly applied to the right revenue and adjustment codes
- On a daily basis review all credit card and cash refunds ensuring that all have been investigated and are supported by appropriate backup and have management approval
- On a daily basis prepare the F&B void report, ensuring all supporting backup is attached
- Review and reconcile the daily trial balance report to ensure that all revenues including telephone, spa, in-house movies, minibar and parking revenue are correctly recorded and classified in the PMS system and are accurately reported in the General Ledger
- Review and report daily on the complimentary A&G/S&P checks, rate discrepancy reports, housekeeping discrepancy reports, and out of service room reports
- To assist Financial Accountant during Month End accounts process by ensuring preparation and posting journals
- Ensure that banquet department's revenue postings are correct by reconciling the banquet report which is provided by the Banquets manager on a daily basis
- Review of No-Show reports and to ensure that all 'chargeable' No Shows has been charged
- Preparing and posting daily revenue journals and distributing to the Management
- Participate in various Responsible business activities organized by the hotel
- Preparation of Daily Sales Report and timely issue to relevant departments
- To prepare rebates, allowance summary and paid-outs for approval in line with company policies
- To make spot checks on correct room rates and prices charged
- Balance and verify figures against individual department reports and completing daily revenue balancing and audit of hotel revenue while you balance credit card transmissions as needed
- Assure the accuracy of daily management reports by inspecting all backup for proper documentation
- Prepare monthly sales tax and tip allocation
- May perform additional accounting duties such as processing credit approvals/denials, conducting inventory of safe deposit boxes, accounting/clerical duties, counting house bank with General Cashier and reconciling other in-house accounts, checking foreign currency rates on receipts and verifying loss or gain on foreign exchange, or preparing special projects as assigned
- Participate in the inventory process and assist with hotel financial/accounting staff with inventories
- Ensure the General Ledger, Advanced Deposit Ledger and City and Guest Ledgers are in balance on a daily basis
- Reconcile all hotel Over/Short accounts and occurrences
- Prepare Miscellaneous Journal and period-to-date financial information
- Check all vouchers issued for proper explanations and approvals
- Accounts payable processing of invoices, check requests and expense reports
- Review cash disbursements including check, ACH and wire payments for proper documentation
Education
BBA - Management Business Administration
University of Miami
Skills
- Billing
- Auditing
- Opera
- PMS
- Reconciliation
- Forecasting
- Journal Entries
- General Ledger
- Taxes
- Balance Sheet (Blackline)
- Journal entries
- Accounts receivable
- Accounting and bookkeeping
- Payroll software expertise
- Accounts payable and receivable
- Monthly journal entries
Timeline
Accounting Manager
Davidson Hotels & Resorts
08.2023 - Current
Senior Staff Accountant
Surfcomber Miami Beach
01.2022 - 08.2023
Senior Staff Accountant(AR,AP)Paymaster
Lorien Hotel and Spa
01.2021 - 08.2023
Staff Accountant
Hotel Monaco Baltimore
01.2018 - 03.2020
Income Auditor
Nobu Eden Roc
01.2016 - 06.2017
BBA - Management Business Administration
University of Miami
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