RICA SORENSEN

• Oversee Global Licensing Accounting (contracts review, account set-up in licensing software, amortization, deferrals, and invoicing)
• Serve as US and Canada lead, providing detailed analyses regarding sales dilution programs and revenue recognition including preparation of quarterly trial balance commentary and revenue recognition testing
• Manage month end close procedures including preparation of journal entries for sales dilution accruals, revenue recognition and deferral of prepaid payments
• Review journal entries prepared by team members during close and ensure company policies and SOX requirements are met
• Perform monthly balance sheet reconciliations for assigned accounts and review others prepared by my team
• Assist FP&A, Sales and Licensing partners with P&L fluctuation analyses
• Coordinate quarterly reviews and SOX testing with internal and external auditors
• Serve as Wipro's (team based in India) point of contact and mentor
• Identify opportunities for process improvements, simplification, and standardization to promote efficiencies and better customer service
• Assist in validating reports, creating new application, and testing functionality for an on-going SAP ECC upgrade to SAP Fiori
• Testing workflows ensuring controls are followed, identifying risks and creating customized/macro excel templates for users and validations templates

Awards:

• Arcuate Award Winning with People for leading the Wipro (based in India) improve quality of work.
• Arcuate Award Embracing Growth and Moving Fast - implemented several efficiencies to help accelerate month-end close f or both Sales Finance and FP&A.
• Icon Award for my participation of the Distribution Center Bypass in ensuring proper revenue recognition

• Collaborated with internal and external business partners to complete the Annual Financial Planning (AFP)
• Prepared analyses and proposed adjustments to AFP forecast quarterly based on actual expenses and trends
• Prepared and analyzed various financial reports, both internal and external, in preparation for journal entries
• Reviewed various reports and journal entries for Accounting Specialist prior to processing payments, parking journal entries and sending communications out to business partners
• Completed balance sheet account reconciliations using both internal and external detailed statement
• Prepared annual financial statements, governmental Form 5500 filings for multiple plan audits and benefits plans
• Maintained adequate documentation to support and describe current work processes while ensuring SOX requirements were met.

• Supervised team of 8-14 student controllers including creating term schedule and approving payroll
• Assisted in mentoring student leaders during the annual budgeting/allocation
• Provided financial support and recordkeeping for the ASUO student government, ASUO-recognized student organizations and ASUO contracted services
• Managed month-end close and year-end close, reconciliations and journal entries
• Helped to develop more efficient processes for student financial aid

Award:

• Community Liaison Excellence Medallion Award by the Division of Student Life

• Reviewed car deals to ensure complete paperwork was obtained by sales and finance desk for funding
• Performed accounting for all car deals and submitted paperwork for funding
• Performed reconciliations and ensured funding was received timely
• Processed payroll ensuring different pay plans were followed, garnishments were paid, and 401K contributions were submitted and funded.