Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
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Sherif Basta

San Francisco,California

Summary

Financial planning and analysis professional, with over 14 years of financial management reporting, budgeting, measuring profitability, financial analysis and project management. Extensive experience working directly with senior executives in strategic planning and execution of annual plans resulting in revenue increase. Proven leadership in training and developing direct reports.

Overview

18
18
years of professional experience

Work History

Independent Prop Trader

Maverick Trading
07.2021 - 10.2023
  • Managed a portfolio that achieved capital gains of 18% annually
  • Conducted daily market analysis for potential trades based on trends
  • Utilized advanced trading software to manage risks and execute profitable trade strategy
  • Optimized advanced technical chart reading to identify entry and exit points on trades
  • Collaborated with other traders to implement and understand new trading ideas.

VP Financial Planning & Analyst III

Mechanics Bank
08.2007 - 10.2020
  • Presented to executive team monthly divisional profitability reports to achieve financial success
  • Executed acquisition reports of purchased banks for decision making regarding customer base forecast
  • Identified complex data integrity by converting newly acquired banks data for streamline reporting systems
  • Supervised and mentored two financial analysts to strengthen finance departmental needs
  • Coordinated daily liquidity to secure stress levels can be met according to internal policies
  • Developed and delivered quarterly financial packages for Board of Directors
  • Partnered with Treasury department on a quarterly basis for asset and liability modeling to assess interest rate risks
  • Performed annual bank budget and forecast with executive team as part of annual strategic planning
  • Implemented various budget, profitability and general ledger systems to improve data driven analysis
  • Provided overdraft analysis and seek revenue opportunities through identifying new fee revenues
  • Revamped and centralized vendor management as part of cost savings initiative plan.

AVP Financial Analyst II

Mechanics Bank
02.2011 - 05.2015
  • Coordinated with cross function departments to analyze existing budget or create budget plans for upcoming year
  • Designed ad-hoc reporting tools from management requests to address daily challenges
  • Input accruals into general ledger system
  • Manage vendor by negotiating pricing and contracts
  • Evaluated and monitored expenses vs budget variances for executives to plan adjustments
  • Chaired Deposit Rate Committee to establish market positioning among competitors
  • Track purchases bank wide with accounts payable to meet budget
  • Oversaw variance analysis for bank products and recommended action through write up plan to maintain control over business
  • Generated daily operational analysis reports in customer behavior for long term business effectiveness
  • Validated yield rates to ensure integrity of interest income and expense are calculated properly.

Financial Analyst I

Mechanics Bank
08.2007 - 02.2011
  • Analyzed general ledger account reconciliation to enhance data accuracy by ensuring corrections in system of records
  • Collaborated with auditors to assure compliance with internal and government standards
  • Conceptualized and automated filing lease state taxes to improve delivery time and accuracy
  • Managed accrual entries to identify significant discrepancies in monthly financials to capture correct dollar amount
  • Engaged with accounting and treasury departments to finish monthly end closing procedures
  • Created reporting analysis for bank products to maintain profitability by selling new services.

Director of Personal Training

Westminster University
05.2005 - 06.2007
  • Build athletic and fitness facilities
  • Manage and train Personal Trainers
  • Track financials and sales goals of the personal training department
  • Maintain and order Fitness equipment
  • Work with coaching staff of various teams to implement strength training for athletes.

Education

Master of Business Administration, MBA - Accounting

WESTMINSTER UNIVERSITY
Salt Lake City, UT

Bachelor of Science - Exercise of Sports Science

UNIVERSITY OF UTAH
Salt Lake City, UT

Skills

  • Strategy Development
  • Data Analysis
  • Operations Improvement
  • Risk Management
  • Corporate Finance
  • Project Management
  • Effective Communication
  • Decision Making
  • Collaborative Learner
  • Interpersonal Skills
  • Profitability Analysis
  • Technical Skills
  • Customer Service
  • Microsoft Office
  • Cognos
  • Oracle Analytics
  • Software Implementation
  • Vendor Negotiation

Accomplishments

  • Improved profitability reporting by implementing financial analysis measures for business decisions by senior executive team. As result distribution of reports to management was reduced from thirteen to three business days, impacting decision making bank wide.
  • Decreased annual non-interest expenses by $3.2 million through vendor management by direct negotiations with vendors and re-bidding contracts.
  • Implemented new financial reporting software without any increase in overhead or any downtime by working directly with consultant firm on calculations and mapping of new system.
  • Created new analysis reporting tool to identify potential new customers for mortgage and retail banking departments, leading to a $6.8 million revenue increase.

Timeline

Independent Prop Trader

Maverick Trading
07.2021 - 10.2023

AVP Financial Analyst II

Mechanics Bank
02.2011 - 05.2015

VP Financial Planning & Analyst III

Mechanics Bank
08.2007 - 10.2020

Financial Analyst I

Mechanics Bank
08.2007 - 02.2011

Director of Personal Training

Westminster University
05.2005 - 06.2007

Master of Business Administration, MBA - Accounting

WESTMINSTER UNIVERSITY

Bachelor of Science - Exercise of Sports Science

UNIVERSITY OF UTAH

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Sherif Basta