Paxton Ormsby
Dunedin,FL
Summary
Accomplished finance professional with a proven track record at Coverdell & Company, adept financial and sales trend analysis to drive business decisions. Excelled in developing revenue forecasting models and enhancing financial reporting processes. Demonstrates strong analytical capabilities and effective communication, significantly improving month-end close efficiency and budget accuracy.
Overview
24
24
years of professional experience
Work History
Senior Accountant - Revenue Recognition
A J Gallagher & Company
06.2022 - 10.2024
- Prepared monthly journal entries and account reconciliations related to month-end close.
- Reviewed insurance carrier commission agreements and determined appropriate supplemental and contingent deferred revenue amounts to accrue.
- Prepared and maintained SOP documentation for monthly closure procedures.
- Developed and maintained Excel templates ensuring consistent month-end close journal entry preparation.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
Business Unit Finance Manager
Coverdell & Company
12.2018 - 06.2022
- Prepared and maintained annual revenue and expense budgets and revenue forecasting for a $75 million business unit.
- Monitored budget and revenue trends, compiling reports for business unit and corporate leadership to inform decision-making.
- Developed comprehensive ad-hoc financial reporting for business unit decision-making support.
- Analyzed revenue and collection trends, customer churn rates; projected future cash collections based on analysis.
- Evaluated marketing spend ROI.
Senior Accountant
Coverdell & Company
12.2013 - 12.2018
- Analyzed revenue and collection trends, customer churn rates; projected future cash collections based on analysis.
- Prepared monthly close revenue journal entries and reconciliations.
- Reconciled credit card merchant account bank deposits with monthly billing activity.
- Prepared and maintained annual corporate revenue and expense budgets and revenue forecasting for a $75 million company.
Staff Accountant (Contract)
Coverdell & Company
07.2012 - 12.2013
- Maintained general ledger accuracy through regular account reconciliations, journal entry adjustments, and transaction reviews.
- Prepared and processed month-end close journal entries .
- Collected and arranged financial information and entered details into Dynamics SL financial management system.
Financial Analyst
Greater Chicago Food Depository
07.2008 - 03.2012
- Facilitated smooth month-end close processes by efficiently reconciling accounts and addressing discrepancies promptly.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Met with department heads on monthly basis to review department P&Ls and discuss any variances to budget.
- Audit test-counted random inventory items in warehouse to verify inventory system integrity.
Financial Analyst III
LaSalle Bank/ABN AMRO
08.2006 - 03.2008
- Assisted in implementing BASEL II reserve asset calculation models.
- Prepared test reporting under BASEL II requirements and compared with pre-BASEL II reporting prior to BASEL II adoption. BASEL II reporting requirement included over $2 billion of financial instruments held by the bank.
Senior Financial Analyst
Bally Total Fitness
08.2003 - 08.2006
- Provided valuable insights by leading monthly variance analysis reviews between actual results and budget/forecast expectations.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Prepared annual revenue and expense budgets for 850 club locations.
- Analyzed customer churn, payment and default trends.
Financial Analyst
Bally Total Fitness
07.2002 - 08.2003
- Assisted retail division with sales analysis, budgeting, forecasting and inventory management for 850 club locations.
Senior Financial Analyst - Brand Central
Sears, Roebuck and Company
07.2001 - 03.2002
- Prepared sales analysis on the effects of offering various credit offers on appliance purchases for customers using Sears card.
- Created weekly sales analysis and reported sales trends for appliances and home electronics.
Financial Analyst - Inventory Controls
Sears, Roebuck and Company
05.2000 - 07.2001
- Prepared detailed inventory trend analysis used to determine appropriate reordering/stocking levels, identify shrinkage, and to markdown outdated merchandise for 1,100 Sears Auto centers.
- Coordinated with outside inventory audit service vendors to conduct annual inventory for all stores.
Education
MBA -
Roosevelt University
Chicago, IL12.1998
Bachelor of Science - Finance
Southern Illinois University
Carbondale, IL12.1993
Skills
- Insurance accounting
- Deferred revenue accounting
- Financial statement preparation
- Journal entry preparation
- Fixed asset accounting
- Bank and merchant account reconciliation
- General ledger account reconciliation
- Budget preparation administration
- Revenue forecasting
- Sales churn and trend analysis
- Microsoft 365 (Excel, Word, PowerPoint, etc)
- Audit support
Timeline
Senior Accountant - Revenue Recognition
A J Gallagher & Company
06.2022 - 10.2024
Business Unit Finance Manager
Coverdell & Company
12.2018 - 06.2022
Senior Accountant
Coverdell & Company
12.2013 - 12.2018
Staff Accountant (Contract)
Coverdell & Company
07.2012 - 12.2013
Financial Analyst
Greater Chicago Food Depository
07.2008 - 03.2012
Financial Analyst III
LaSalle Bank/ABN AMRO
08.2006 - 03.2008
Senior Financial Analyst
Bally Total Fitness
08.2003 - 08.2006
Financial Analyst
Bally Total Fitness
07.2002 - 08.2003
Senior Financial Analyst - Brand Central
Sears, Roebuck and Company
07.2001 - 03.2002
Financial Analyst - Inventory Controls
Sears, Roebuck and Company
05.2000 - 07.2001
MBA -
Roosevelt University
Bachelor of Science - Finance
Southern Illinois University
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