ROY WELCH JR
Chicago,IL
Summary
Financial Management Professional with 15 years of experience in accounting and financial oversight. Demonstrated success in leading teams and improving compliance through effective system monitoring and reporting. Proficient in accounts payable and receivable, cash management, and budgeting, resulting in enhanced operational efficiency. Strong capabilities in financial statement preparation, forecasting, and cost management, supported by analytical and problem-solving skills, including 5 years in non-profit accounting.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Vice President of Finance
Community Boost Consulting
San Diego, CA
03.2023 - 01.2026
- Directed preparation and presentation of financial statements, forecasts, and variance analyses for executive leadership and board stakeholders.
- Streamlined billing and revenue recognition processes, reducing invoice processing time by 50%.
- Implemented internal control systems to ensure compliance with GAAP and company policies.
- Oversaw month-end closing processes, prepared financial statements, and managed reconciliations.
- Collaborated with executive teams on long-term strategies and investment opportunities.
- Managed budgeting, forecasting, and cash flow analyses to support strategic initiatives.
- Established standardized reporting controls to enhance financial transparency and support scalable growth.
- Identified cost-saving opportunities through improved operational efficiencies.
Director of Business Affairs
Blokhaus, Inc
07.2022 - 02.2023
- Managed accounting, payroll, and financial reporting activities to ensure compliance and accuracy.
- Streamlined billing and month-end reporting processes, reducing invoice processing time by 50 percent.
- Supervised month-end close processes and reconciled treasury transactions to maintain financial integrity.
- Prepared financial reports in accordance with established policies and procedures.
- Developed annual budgets and analyzed actual expenses against projections for effective resource allocation.
- Presented operational reports to senior management, highlighting key performance indicators and variances.
- Implemented software conversions, desktop setups, and staff training to enhance operational efficiency.
- Established reporting systems and controls to optimize governance across finance functions.
Accounting Manager
Pivot Design, Inc
Chicago, IL
06.2019 - 06.2022
- Delivered actionable recommendations to enhance strategic direction and optimize accounting operations.
- Developed and implemented accounting policies to standardize best practices across departments.
- Oversaw cash flow management, controlling costs and financial matters effectively.
- Prepared month-end closing entries for comprehensive reporting and precise recordkeeping.
- Collaborated with various departments to provide detailed financial information for senior management.
- Reconciled and reviewed databases to ensure accuracy of monthly revenue calculations.
- Evaluated and approved billing invoices and expense reports to monitor cash flow.
- Supervised accounting tasks, including accounts payable, receivable, and general ledger management.
Senior Accountant
Abelson Taylor
Chicago, IL
02.2014 - 06.2019
- Maintains the general ledger and all related accounts with proper documentation and records of all company transactions
- Reviews entries to the general and subsidiary ledgers to ensure accuracy and compliance with the company's established accounting principles
- Executes monthly and year-end closing of the general ledger, including preparation of journal entries
- Facilitates the preparation of interim, year-end, and comparative financial reports
- Performs and provides analysis of current results to prior periods and budget and prepares and distributes ad hoc reporting as directed by the Controller and Chief Financial Officer
- Participated in revenue cycle processes to maximize profitability and increase revenue
- Assists the Controller in training and management of accounting staff and coordinating the year-end financial audit, and preparing schedules and documents for third-party auditors
- Oversees and maintains a computerized accounting system, backup control, and record of computer-generated reports and statements
- Prepares monthly bank reconciliation for all accounts and verifies the accuracy of bank statements, and provides a resolution to questions or problems
- Maintains integrity of cash balances, and cash flow systems and reconciles all balance sheet accounts and key income statements monthly
- Maintains fixed asset records and determines depreciation terms/rates to apply to capitalized items
- Monitored $200M of revenue and compared to targets to address variances and resolved actual-to-budget variances.
Staff Accountant
Leo Burnett Chicago
Chicago, IL
02.2010 - 02.2014
- Complete daily accounting functions in compliance with International Financial Reporting Standards
- Prepares Monthly Multi-Unit Profit & Loss Statements consisting of $700M in revenue
- Compile and enter journal entries; review, analyze and reconcile general ledger, schedules, and account reconciliations promptly
- Prepare monthly Balance Sheets and Profit & Loss Schedules
- Compile and analyze Trade Working Capital monthly, improving the state of the company cash by $2M
- Review and approve vendor invoices daily up to 25k
- Participate and assist in the year-end, interim, and internal audits
- Perform other miscellaneous accounting functions and special projects as assigned.
Education
Bachelor of Science in Accounting -
Florida A & M University, School of Business and Industry
Tallahassee, FL12.2008
Skills
- Budgeting and forecasting
- KPI analysis and reporting
- Cash flow management
- GAAP and IFRS compliance
- Revenue recognition and billing
- Cost optimization
- Operational efficiency
- Executive leadership
- Risk management
- Internal control systems
- Strategic planning
- Revenue growth strategies
- Financial systems integration and ERP expertise
Certification
- Certified Tax Preparer – 2009
- QuickBooks Online Certification – 04/01/22
Timeline
Vice President of Finance
Community Boost Consulting
03.2023 - 01.2026
Director of Business Affairs
Blokhaus, Inc
07.2022 - 02.2023
Accounting Manager
Pivot Design, Inc
06.2019 - 06.2022
Senior Accountant
Abelson Taylor
02.2014 - 06.2019
Staff Accountant
Leo Burnett Chicago
02.2010 - 02.2014
Bachelor of Science in Accounting -
Florida A & M University, School of Business and Industry