Snow Bai
West Covina,USA
Summary
Diligent Senior Accountant with solid background in financial analysis and reporting. Successfully managed complex accounting tasks and ensured compliance with regulatory standards. Demonstrated expertise in financial forecasting and budget management. Experienced with financial reporting, budgeting, and compliance. Utilizes advanced accounting software to streamline processes and ensure accuracy. Strong understanding of regulatory standards and financial forecasting.
Overview
15
15
years of professional experience
Work History
Senior Accountant
Boiling Point Group
01.2011 - Current
- Control and oversee accounts payable and accounts receivable
- Reconcile all general ledgers to trial balance accounts
- Perform monthly inventory physical count and analysis
- Prepare depreciation schedule for fixed assets and amortization schedule for loans
- Perform month-end closing procedures
- Prepare monthly financial statements including balance sheet, profit & loss, and cashflow statements
- Prepare annual 571L filing, Form 1099s filing, and statement of information filing
- Prepare monthly sales tax, multi states sales tax filing
- Prepare monthly prepayments and quarterly sales tax return on-line filing
- Prepare annual budget
- Assist in special project assigned by upper management
- Prepare and participate the 571L auditing with the officer
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Maintained accurate depreciation schedules for fixed assets, coordinating with store/dept. managers for timely recording of acquisitions or disposals.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Conducted monthly reconciliations for all bank accounts to ensure financial integrity.
- Optimized cash flow management, carefully scheduling outgoing payments to coincide with receivable cycles.
- Contributed to policy development, recommending changes to improve financial procedures and controls.
- Enhanced budget forecasting accuracy, employing comprehensive variance analysis techniques.
- Streamlined accounts payable processes, reducing payment cycle times by automating invoice processing.
- Assisted in successful completion of external audits by preparing comprehensive documentation and supporting evidence.
- Provided journal entries and performed accounting on accrual basis.
- Tracked funds, prepared deposits and reconciled accounts.
- Maintained integrity of general ledger and chart of accounts.
- Collected and reported monthly expense variances and explanations.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
Education
MBA - Concertation in Accounting
University of La Verne
La Verne, CA01.2012
Bachelor - Major in Computer Sciences
Liaoning Shi Hua University
Liao Ning, China01.2004
Skills
- On-hand experience in Quick books and Sage ERP accounting systems, familiar with Oracle
- Microsoft office-Proficient in excel, word, power point, and pivot table fields
- General ledger accounting
- Manufacturing accounting
- Cost accounting
- Fixed asset accounting
- Financial statement preparation
- Journal entry preparation
- Balance sheets reconciliation
- Sales Tax & Property Tax preparation
- Cash flow management
- Budget preparation
- Data analysis
Languages
English
Chinese (Mandarin)
Strengths
- Strong analytical skills
- 10+ years’ accounting experience
- Strong interpersonal and communication skills
- Clearly understanding and experiencing of month-end closing procedures
- Ability to work independently and multi-task
- Attention to details, good organizational skills, and ability to perform efficiently and accurately in a fast-paced dynamic environment
Timeline
Senior Accountant
Boiling Point Group
01.2011 - Current
MBA - Concertation in Accounting
University of La Verne
Bachelor - Major in Computer Sciences
Liaoning Shi Hua University
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