Summary
Overview
Work History
Education
Timeline
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Patrick Crase

Cincinnati,United States

Summary

Accountant with 3+ years of experience exceeding expectations and improving accounting process. With a background at a public accounting firm and publicly traded real estate investment trust, seeking an opportunity to leverage a strong understanding of financial statement impacts and excellent interpersonal skills to excel in a new role.

Overview

7
7
years of professional experience

Work History

Senior Transactions Accountant

Phillips Edison & Company
Cincinnati, Ohio
07.2023 - Current
  • Perform initial accounting onboarding, interpretation, and execution of purchase and sale agreements, and subsequent accounting for over $450 million in acquisitions.
  • Streamline review processes on purchase price allocation valuations for newly acquired properties, reducing completion time by 3 days on average while ensuring reasonableness and accuracy.
  • Evaluated a $4.6 billion real estate portfolio for impairment, along with various investments in companies and goodwill.
  • Led cross-functional efforts to implement a strategy to account for unusual accounting transactions at newly acquired properties.
  • Analyzed technical accounting assumptions, including reviewing the reasonableness of the incremental borrowing rate and cap rate for lease accounting.

Audit Associate

Forvis
Cincinnati, OH
09.2021 - 06.2023
  • Served as in-charge of five audit engagements for healthcare and manufacturing clients, which resulted in budgeted realization and positive client satisfaction.
  • Exceeded expectation in comprehensive financial statement audits for healthcare, not-for-profit, manufacturing, and insurance entities.
  • Performed internal control walkthroughs of clients' AP, AR, and Investing and Financing cycles.
  • Recommended process improvements to aid clients in addressing internal control deficiencies.
  • Effectively communicated internally (with partners, managers, and junior staff) and externally (with CFOs, controllers, and accounting staff) to meet deadlines and reach budget realization.

Property Accounting Intern

Phillips Edison & Company
Cincinnati, OH
12.2017 - 12.2020
  • Improved, backlogged common area maintenance (CAM) reconciliation billing process to complete six months of outstanding reconciliations in a month.
  • Managed preparation of invoices, backup review, and distribution of CAM, insurance, and real estate tax (RET) reconciliations for over 350 properties.
  • Prepared and enhanced monthly fixed asset roll forwards for four diversified funds, reconciling over $4 billion in assets between RAM (Real Asset Management) software and the general ledger.
  • Posted monthly journal entries to recognize mortgage, insurance, and interest expense for over 350 properties.

Audit Intern

Forvis
Cincinnati, OH
01.2020 - 05.2020
  • Independently performed audit procedures on cash equivalents, accounts payable, accounts receivable, long-term debt, and fixed assets.
  • Performed financial analysis of fluctuations within the balance sheet and income statement.
  • Collected and analyzed financial data, and assisted in the creation of financial statements.

Education

BBA - Accounting

University of Cincinnati
Cincinnati, OH
05-2021

Timeline

Senior Transactions Accountant

Phillips Edison & Company
07.2023 - Current

Audit Associate

Forvis
09.2021 - 06.2023

Audit Intern

Forvis
01.2020 - 05.2020

Property Accounting Intern

Phillips Edison & Company
12.2017 - 12.2020

BBA - Accounting

University of Cincinnati

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Patrick Crase