NetSuite, QuickBooks, FundEZ
Steven "Rossi" Arasomwan
Senior Finance Director
Brooklyn,NY
Summary
Senior Finance Director with 15+ years of experience possessing in-depth knowledge of cost control, budgeting, and financial accounting to organizations. Using strategic finance to assist in all areas of finance -forecasting, budgeting, consolidation, financial planning, and investment management. Proficient in NetSuite and QuickBooks. Hands-on leader with strong business acumen and an analytical mindset to identify and correct underachieving trends. Providing a robust history of streamlining, reorganizing, and strengthening finance and accounting operations to maximize performance and profitability. An effective liaison and "connector" who quickly cultivates strong internal and external working relationships with clients, donors, vendors, and stakeholders.
Overview
15
15
years of professional experience
8
8
years of post-secondary education
1
1
Certification
Work History
Strategic Finance Director
Allocations
Miami, FL (Remote)
09.2021 - Current
- Frequently build financial operating models to create in-depth analyses to provide insights to key decision-makers in investment and operational strategies.
- Work closely and directly with CFO and executive leadership to support company-wide strategic initiatives using KPI metrics.
- Own and scale our consolidated strategic and financial planning processes:(Forecasts, Budgets, Long-Term Strategic Plan).
- Created and monitors sales pipeline dashboard that shows up-to-the-minute sales metrics for our executive team, shareholders, and potential investors.
- Facilitate ad-hoc and cross-functional strategic and operational projects and execute strategic projects independently and with Sales Business leaders.
- Increased revenue by 37% using direct quantitative modeling efforts to quantify revenue and efficiency-related initiatives.
- Quarterly evaluations on financial performance of investments, acquisitions, and other business opportunities to provide strategic recommendations to executive team.
Senior Finance Director
Lonelyleap
Brooklyn, NY
12.2019 - 02.2021
- Analyzed trends to mitigate financial risks associated with making investment or spending decisions of annual $3M+ budget
- Created and monitored KPIs, which led to 20% growth in financial performance.
- Negotiated with vendors, suppliers, and other stakeholders to acquire mutually beneficial contracts and agreements which saved our company $62,000.
- Oversaw successful implementation of operational strategies and policies to drive organizational growth and productivity by 27%.
- Reviewed financial and operational month-end reports with Managing Director to make effective business decisions.
- Established and enforced robust internal controls on revenue and expenses to protect company assets.
Chief Financial Officer
Self-eSTEM
Oakland, CA
01.2017 - 12.2020
- Provided leadership and develop strategies to increase major and planned gifts by 80%.
- Maintained fundraising database while producing monthly reports for Board of Directors.
- Ideated successful special events that helped generate significant funds for K-12 school needs.
- Created and implemented comprehensive plan for development and marketing activities.
- Developed strategic plans for development in conjunction with board committee.
- Cultivated new strategic partnerships and maintained existing donors, including individuals and corporations.
- Promotes Science, Technology, Engineering & Math to girls of color ages (7-17) in the Bay Area.
Director of Finance & Operations
Echoing Green
New York, NY
12.2017 - 12.2019
- Managed and administered $12M gifts (restricted, temporarily restricted, and permanently restricted) and reviewed gift agreements while ensuring compliance with award letters
- Created and managed financial forecasting schedules, displaying revenue, expense, and organizational/departmental budget spending, highlighting historical trends.
- Managed production of financial statements, including cash flow, tax preparation, payroll, and debt payments keeping company in compliance with government reporting requirements
- Led annual budget development, monitored expenditures and variances, and proactively updated income and expense projections.
- Collaborated across departments to inform process evaluation and refinement, enhance financial KPI development, and created partnership structures that strengthen organization's financial position.
- Implemented Expensify to enhance existing corporate credit card processes' efficiency to streamline our company's expense reporting process by 60%.
- Managed several direct reports in all aspects of full-cycle accounting: GAAP reporting, insurance, compliance, and grant reporting.
- Ideated and executed monthly webinar series for 2017 - 2019 Fellows to deepen their operational and financial leadership development.
Corporate Finance Manager
Tesla Inc
Palo Alto, CA
07.2016 - 12.2017
- Performed flux analysis on various accounts, explaining budget vs actual variances throughout chart of accounts for 12 departments.
- Managed short and long-term cash flow projections for multiple projects above $50+ million.
- Reviewed director reports bank reconciliations and analyses of fluctuations in expenses and accruals to ensure accuracy was GAAP compliant.
- Provided weekly cash forecast report to my finance manager to ensure availability of funds to cover any immediate unforeseen expenses.
- Exercised leadership capabilities by successfully motivating and inspiring direct reports to aim for forward-thinking strategies and solutions.
FP&A Manager
Expanse
San Francisco, CA
06.2014 - 07.2016
- Prepared and presented complex financial slide decks to C-Suite in preparation for Series A ($6M) and Series B ($20M) funding rounds.
- Performed multiple cost-benefit analyses to inform management of financial status of government + private client contracts.
- Mitigated annual audit risks and audited financial information utilizing QuickBooks to implement corrective action.
- Created our cash forecasting operating financial model.
- Interacted with venture capital partners and board of directors.
- Researched and completed PBC items for Ernst & Young auditors during initial and year-end processes.
- Demonstrated leadership skills in managing finance projects from concept to completion.
Senior FP&A Analyst
UCSF Medical Center
San Francisco, CA
04.2011 - 05.2014
- Managed 10+ multi-million-dollar contracts by creating financial spreadsheets monitoring daily, monthly, quarterly, and yearly expenses against project's milestones budget.
- Analyzed monthly financials to highlight results, recommending short-term tactical and long-term strategic solutions to improve medical research
- Mitigated financial discrepancies by preparing bank reconciliations, managing field audits, and reviewing financial records for accuracy.
- Planned, developed, and implemented strategies to convey financial information to key decision-makers.
- Streamlined data tracking by managing thousands of financial records with 97% accuracy.
- Conducted annual audits of internal documents to validate transactions and provided financial guidance for resource allocation, inventory control, and budgeting.
Financial Analyst
Bay Area Rapid Transit
Oakland, CA
01.2008 - 03.2011
- Prepared, analyzed, and reconciled financial statements, including the Balance Sheet, P&L, and Cash Flow Statement.
- Reviewed financial reports and streamlined operations to increase productivity and company profits.
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
- Created weekly, monthly, and quarterly reporting schedules for Finance review.
- Provided timely explanations of variances between actual results and forecasts/budgets, which helped decrease our month-end close schedule by 40%.
- Performed complex financial and budget analyses to determine requirements and justify requested funding.
Education
MBA - Strategic Finance
American University
Washington, DC 01.2021 - Current
Bachelor of Science - Finance
California State University - East Bay
Hayward, CA 09.2002 - 12.2007
Skills
Contracts and Leasesundefined
Software
Concur, Expensify
Salesforce, HubSpot, Peoplesoft
ADP Payroll & JustWorks
Certification
CNAP - Certified Nonprofit Accounting Professional
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
"Everyone has talent. What's rare is the courage to follow it to the dark places where it leads".
Erica Jong
Timeline
CNAP - Certified Nonprofit Accounting Professional
02-2023
Strategic Finance Director
Allocations
09.2021 - Current
MBA - Strategic Finance
American University
01.2021 - Current
Senior Finance Director
Lonelyleap
12.2019 - 02.2021
Director of Finance & Operations
Echoing Green
12.2017 - 12.2019
Chief Financial Officer
Self-eSTEM
01.2017 - 12.2020
Corporate Finance Manager
Tesla Inc
07.2016 - 12.2017
FP&A Manager
Expanse
06.2014 - 07.2016
Senior FP&A Analyst
UCSF Medical Center
04.2011 - 05.2014
Financial Analyst
Bay Area Rapid Transit
01.2008 - 03.2011
Bachelor of Science - Finance
California State University - East Bay
09.2002 - 12.2007
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