Summary
Overview
Work History
Education
Skills
Memberships and Affiliations
Consulting Experience
Timeline
Generic

RACQUEL ASSAYE

Philadelphia,PA

Summary

Strategic executive experienced in impacting business direction with successful leadership decisions. Talented at providing key plan development and implementation. Veteran creator of successful business plans and strategic development initiatives. Vast experience in the accounting and finance industry with a strong knowledge of operations, facilities, information technology and human resources. Ready to utilize more than two decades of experience in a new and more influential executive role.

Overview

29
29
years of professional experience

Work History

Acting President & CEO

Mental Health Partnerships
Philadelphia, PA
01.2023 - Current
  • Develop quality business strategies and plans ensuring their alignment with short-term and long-term objectives
  • Lead and motivate subordinates to advance employee engagement and develop a high performing managerial team
  • Oversee all operations and business activities to ensure they produce the desired results and are consistent with the overall strategy and mission
  • Make investing decisions to advance the business and increase profits
  • Enforce adherence to legal guidelines and in-house policies to maintain the company’s legality and business ethics
  • Review financial and non-financial reports to devise solutions or improvements
  • Build trust relations with key partners and stakeholders and act as a point of contact for important shareholders
  • Analyze problematic situations and occurrences and provide solutions to ensure company survival and growth
  • Maintain a deep knowledge of the business environment and industry of the organization
  • Support the executives and other direct reports through coaching and supervision and other related leadership development tools.

Chief Financial Officer

Mental Health Partnerships
Philadelphia, PA
01.2021 - 01.2023
  • Responsible for the fiscal operations, reporting and compliance processes of the agency and for supporting the executive team, board of directors, division directors and other internal and external stakeholders with fiscal oversight of over 37 programs in multiple locations, funded by several counties with different compliance and reporting requirements
  • Oversight of Information Technology, Fee-for Service Billing and Facilities & Maintenance teams
  • Has been instrumental in integrating modules in the financial system for tasks that were being tracked in excel, improved funder relationship with timely and transparent reporting and honest conversations about the business operations resulting in earlier release of advance payments that positively impacted cash flow
  • Was significant in improving cash flow management, moving the agency from full reliance on the line of credit to limited usage
  • Utilizing the coaching method was instrumental in encouraging more ownership of division budgets resulting in better budget to actual performance across divisions.

CEO/Interim Leader

Mazzoni Center
Philadelphia, PA
12.2018 - 01.2021
  • Instrumental in the union negotiation process that resulted in a landmark contract that offers non-traditional and visionary benefits
  • Worked to create a stronger Human Resources team to focus on better employee relations management
  • Strengthened the management team by hiring other key leaders to support the structure and processes being implemented.

Chief Financial Officer

Mazzoni Center (Full-time)
Philadelphia, PA
01.2014 - 01.2021
  • Responsible for the fiscal and billing processes, agency operations, communications, marketing and development, facilities management, and IT functions of the center
  • Manage a team of 5 leadership professionals and 13 support staff to ensure programs and mission are fully supported
  • Instrumental in the financial planning for a $13M building purchase and outfitting
  • Planned and facilitated a fiscal software migration, managed budget growth from $11M to $22M of consolidated revenue and net assets.

Senior Accountant

Mazzoni Center
Philadelphia, PA
01.2009 - 01.2014
  • Responsible for recording and processing of financial information at the center
  • Impacted the month-end closing process by ensuring that my deliverables were completed in a timely and accurate manner
  • Reworked the vendor management process so that the agency no longer carried large payable balances
  • Provided feedback that changed a programmatic process that had duplicative duties in the financial department.

Staff Accountant

Vertical Screen
Philadelphia, PA
01.2007 - 01.2008
  • Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
  • Managed accounts payable activities such as processing vendor invoices, submitting payments for processing, monitoring vendor balances..
  • Participated in special projects as needed.

Staff Accountant

Caribbean Community Secretariat
Georgetown, Guyana
01.2002 - 01.2004
  • Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
  • Compiled and prepared journal entries to ensure accurate general ledger records.
  • Managed accounts receivable activities such as invoicing customers, applying payments received, monitoring customer balances..
  • Reconciled company bank statements and bookkeeping ledgers.

PT Junior Accountant

College Health Foods
Trinidad & Tobago
01.1998 - 01.2002
  • Student accountant with the primary responsibility of accounts payables processing.

Auditor II

Deloitte and Touche
Georgetown, Guyana
01.1995 - 01.1998
  • Worked with clients from various industries to ensure compliance with accounting standards and company established internal control procedures by examining records, reports, operating practices and supporting documentation
  • Supporting clients with bookkeeping and tax preparation and worked with teams to perform forensic audits to determine the presence of fraud
  • This role sharpened my knowledge of accounting and degrees of processing and reporting across different industries.

Education

Doctor of Business Administration - Business Administration

Drexel University
Philadelphia, PA
06-2023

Master of Science - Accounting

Drexel University
Philadelphia, PA
05-2008

Bachelor of Science - Business Education

Andrews University
Berrien Springs, MI
05-2002

Skills

  • Company Representation
  • Project Management
  • Revenue Generation
  • Process Improvement
  • Financial Management
  • Profitability Optimization
  • Operations Oversight
  • Change Management
  • Staff Management
  • Partnership Development
  • Budget Management
  • Budgeting and Cost Control

Memberships and Affiliations

  • National Association of Black Accountants (NABA)
  • CFO Alliance

Consulting Experience

  • Mizpah, Philadelphia, PA, Treasurer & Board Member, 2023-01-01, current
  • Gaudenzia, Philadelphia, PA, Board Member, 2019-11-01, current
  • Professional Women’s Roundtable (PWR), Philadelphia, PA, Board Treasurer, 2019-06-01, 2021-01-01
  • Mizpah, Philadelphia, PA, Finance Committee Chair, Treasurer, 2010-01-01, 2017-01-01

Timeline

Acting President & CEO

Mental Health Partnerships
01.2023 - Current

Chief Financial Officer

Mental Health Partnerships
01.2021 - 01.2023

CEO/Interim Leader

Mazzoni Center
12.2018 - 01.2021

Chief Financial Officer

Mazzoni Center (Full-time)
01.2014 - 01.2021

Senior Accountant

Mazzoni Center
01.2009 - 01.2014

Staff Accountant

Vertical Screen
01.2007 - 01.2008

Staff Accountant

Caribbean Community Secretariat
01.2002 - 01.2004

PT Junior Accountant

College Health Foods
01.1998 - 01.2002

Auditor II

Deloitte and Touche
01.1995 - 01.1998

Doctor of Business Administration - Business Administration

Drexel University

Master of Science - Accounting

Drexel University

Bachelor of Science - Business Education

Andrews University

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