PAUL CRAIG NICHOLSON
Brooklyn,NEW YORK
Summary
Experienced CFO/Controller with more than 30 years of success. Skilled in uncovering opportunities to improve financial growth, risk management and internal controls when managing all accounting functions.
Overview
34
34
years of professional experience
Work History
CHIEF FINANCIAL OFFICER
NEW YORK CENTER FOR LIVING, INC.
11.2022 - Current
- Manage full accounting operations for the foundation with a department of 2 employees including a Revenue Cycle Manager and a Senior Accountant/Controller
- Prepare an annual budget for the foundation and monitor actual to budget results monthly
- Reconcile all bank accounts for cash, credit card and insurance payments from all clients and vendors
- Prepare and track cash flow and monthly reports detailing client transactions and services rendered to identify financial strengths and weaknesses and propose strategic directions.
- Conduct detailed analysis of company financial information
- Coordinate and prepare monthly and annual reporting and accounting preparation with outside auditors
- Prepare and submit payroll for the organization’s current employees
- Pay all outstanding invoices for the foundation
- Prepare correspondence for our PEO, ADP Total Source, for unemployment and other claims
- Prepare annual 1099s
- Confirm the accuracy of the information entered into the EMR and other online platforms with clinicians and psychiatrists for billing accuracy.
CONTROLLER
LEITER PROPERTY MANAGEMENT
10.2016 - 11.2022
- Managed entire accounting operation for 70+ properties with a department of 3 employees
- Approved and signed checks with Signature Bank for all properties and ensured accuracy of all financial transactions including AvidXchange and Clickpay interfaces
- Processed and approved payroll for 12 entities with 30-35 employees
- Acted as Yardi administrator including closing month end, supporting users, and maintaining a system for accounting accuracy
- Onboarded and coordinated new clients on the accounting systems to ensure all funds were transferred from prior management and continued financial precision
- Prepared annual operating and capital budgets to provide comprehensive, detailed balanced budgets using historical data
- Assured financial solvency by preparing lease abstracts, monthly cash flow analyses, reconciliations, and management statements
- Monitored monthly revenue and expenses, contracts, construction or capital improvements costs, performed variance and advanced analyses, and assessed daily cash requirements for all properties
- Managed and maintained all financial transactions and fiscal operations including Billing, Payroll, Accounts Payable and Receivable, and Closing data for over 70 cooperatives and condominiums
- Supervised and managed all entries to the general ledger
- Invested reserve funds and handled special financial matters based on interactions with Boards of Directors & Managers
- Interacted and coordinated with property managers, auditors, bank representatives, and other professionals involved in property operations
- Prepared special projects as required by Boards of Directors & Managers
- Secured short-term or special financing for various projects on properties
- Prepared year-end 1099s
- Ensured that tax professionals prepared all properties' tax returns and yearly financial statements for managed properties
- Followed up with delinquent accounts to obtain funds and reduce aging balances
- Managed outstanding balance amounts by evaluating reports and determining collection statuses.
FINANCIAL ANALYST
DOUGLAS ELLIMAN PROPERTY MANAGEMENT
09.1989 - 10.2016
- Formulated annual operating and capital budgets to provide comprehensive, detailed balanced budgets
- Managed financial solvency by preparing lease abstracts, monthly cash flow analyses, reconciliations, and management statements
- Increased revenues and lessened expenses by monitoring monthly revenue and expenses, contracts, construction or capital improvements costs, performing variance and advanced analyses, and assessing daily cash requirements for all properties
- Managed and maintained all financial transactions and fiscal operations including Payroll, Accounts Payable and Receivable for 30 cooperative, condominium and mixed-use corporations
- Posted and supervised all entries to the general ledger
- Invested reserve funds and handle special financial matters based on interactions with Boards of Directors & Managers and owners of the properties
- Interacted with property managers, auditors, bank representatives, and other professionals involved in property operations
- Prepared special projects as required by Boards of Directors & Managers and Douglas Elliman Property Management
- Secured short-term or special financing for various projects of the properties
- Collected data and developed detailed spreadsheets to identify trends to create revenue, profitability and expense forecasts.
Education
M.B.A - Finance
NEW YORK UNIVERSITY, LEONARD N. STERN SCHOOL OF BUSINESS
New York, NY02.1993
B.B.A - Computer Systems
THE BERNARD M. BARUCH COLLEGE OF THE C.U.N.Y
New York, NY02.1984
Skills
- Teambuilding
- Decision-Making
- Flexible and Adaptable
- Active Listening
- Analytical and Critical Thinking
- Multitasking Abilities
- Problem-Solving
- Organization and Time Management
- Attention to Detail
- Excellent Communication
- Preparing financial statements
Timeline
CHIEF FINANCIAL OFFICER
NEW YORK CENTER FOR LIVING, INC.
11.2022 - Current
CONTROLLER
LEITER PROPERTY MANAGEMENT
10.2016 - 11.2022
FINANCIAL ANALYST
DOUGLAS ELLIMAN PROPERTY MANAGEMENT
09.1989 - 10.2016
M.B.A - Finance
NEW YORK UNIVERSITY, LEONARD N. STERN SCHOOL OF BUSINESS
B.B.A - Computer Systems
THE BERNARD M. BARUCH COLLEGE OF THE C.U.N.Y
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