Tangela Russell CPA, MBA, CFE
Brandon,FL
Summary
Focused, results oriented global accounting and finance executive seeking a challenging executive management position allowing for the full utilization of demonstrated organizational, personnel management, financial reporting and project management skills proven by 24 years of successful, progressive employment.
I am an accomplished and motivated executive with successful career history in business operations. Offering exceptional leadership and staff development skills proven to build trust and communicate effectively across all organizational levels. Coordinated with board members and C-suite executives to initiate and execute strategic business plans that achieve key objectives.
As a CPA with a proven track record of timely delivery on aggressive strategic goals in the areas of auditing, budgeting, forecasting, managerial financial reporting, SEC reporting, CIMA reporting, Bahamas Central Bank reporting, corporate consolidations, internal control assessments, trust accounting, valuations, and forensic accounting. I feel I am a potential asset to any company.
Overview
17
17
years of professional experience
Work History
Vice President Finance
Citi
Tampa, Florida
06.2022 - Current
- Reporting Preparation and analysis of the quarterly, semi-annual and annual Regulatory Reports required by FRB and OCC for Citigroup and Citibank entities, including FR Y-9C
- Call Report (FFIEC031), and FRY9 LP Reconciliation and analysis of certain earnings releases, 10-Q/10-K disclosures, Board of
- Directors and Senior Management Presentations and Analyst Packages, Maintenance of the global Accounting Policy Manual, internal controls on Regulatory data integrity, data quality improvement projects as well as implementation of new reporting systems Lead in-depth analysis of variances incorporating the understanding of regulatory reporting along with financial analysis in order to communicate results to Senior Management and US
- Regulatory Agencies Lead/participate in regulatory exams, internal audits and address external analysts’ questions Lead/participate in projects and ad-hoc requests
Acting Financial Controller/CFO
Bahamas Ministry of Tourism
Nassau, Bahamas
01.2021 - 06.2022
- Directly responsible for the day-to-day management of accounting and financial operations of the $140 million Ministry of Tourism budget.
- Supervised, trained, and maintained the professional development of an 11-person team of diversified accounting professionals.
- Oversaw the budgeting, forecasting, and cash management initiatives of the Ministry.
- Prepared and reported key financial metrics to key stakeholders.
- Prepared monthly, quarterly, and annual reporting for the Ministry.
- Coordinated and managed the internal and external audit processes.
- Organized the financial accounting timetable, workload and action plan to ensure the efficiency and effectiveness for the completion of monthly and year end accounts.
- Executed scheduled inventory cycle counts and made necessary adjustments to virtual inventory records.
Chief Financial Officer/Head of Finance
Sterling Bank & Trust Ltd
Nassau, Bahamas
03.2016 - 10.2020
- Maintained daily, weekly, monthly, and quarterly analysis for all assets under management in accordance with global and internal directives.
- Prepared quarterly and annual reporting for the Central Bank of the Bahamas.
- Oversaw the financial planning processes for efficiency improvements.
- Developed robust internal controls while mitigating risk and maintaining integrity.
- Led and mentored the finance team.
- Provided strategic and financial growth advice to other company executives.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Created annual budgets and monitored performance against them to ensure objectives were achieved.
- Established policies related to internal controls over accounting systems as well as financial processes within the organization.
- Prepared financial statements according to company guidelines and IFRS.
- Conducted thorough reviews of monthly financial statements to ensure accuracy in budgeting and forecasting.
- Coordinated internal and external audits to ensure compliance with applicable regulations.
- Produced daily, weekly, and monthly reports summarizing key performance indicators.
- Monitored and maintained general ledger accounts for accuracy and completeness.
- Prepared monthly journal entries and reconciled general ledger accounts.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Created and updated financial reports on frequent basis to present information to leadership teams.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Created presentations for shareholders highlighting key successes achieved by the organization over a given period.
Financial Controller
Sterling Financial Group
Nassau, Bahamas
08.2012 - 03.2018
- Maintained daily, weekly, monthly, and quarterly analysis for all assets under management, in accordance with external and internal directives.
- Prepared monthly, quarterly, and annual reporting as required for the Securities Commission of The Bahamas and the Cayman Islands Monetary Authority.
- Spearheaded and directed accounting divisions to manage fund accounting, accounts payable, accounts receivable, payroll, budget, and all other accounting functions.
- Prepared monthly, quarterly and annual financial reports for management review.
- Communicated financial reporting to shareholders.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Ensured compliance with all applicable federal and state regulations related to accounting practices.
- Oversaw the month-end closing process, prepared financial statements, and managed advanced reconciliations for Sterling Financial Group, as well as all mutual funds under the Sterling umbrella.
- Coordinated audits by external auditors, in accordance with IFRS.
- Produced financial reports and audit documentation to facilitate internal and external auditing.
- Maintained relationships with banks, investors, vendors, customers, government agencies.
Manager
Krys-Global
Nassau, Bahamas
01.2010 - 08.2012
- Provided restructuring and asset recovery services, often involving liquidation and other formal appointments, in complex, cross-border situations
- Conducted proactive liquidations to ensure the prompt realization of assets and subsequent distribution to creditors
- Applied forensic accounting and analytical skills to various client situations
- Conducted investigations, financial modeling, and ratio analysis
- Prepared valuations, and cash flow projections
- Prepared draft expert reports to third parties
- Developed and/or refuted damage calculations
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Prepared ad hoc financial analysis reports as requested by senior management.
Regional Head of Accounting
EFG Bank & Trust (Bahamas) Ltd
Nassau, Bahamas
01.2008 - 01.2010
- Oversaw the supervision, training, and development of a team of accountants.
- Oversaw budgeting, forecasting, and cash management initiatives.
- Assisted and advised trust officers and administrators on accounting matters.
- Ensured timely and efficient preparation of all external reporting within specified guidelines.
- Maintained daily, weekly, monthly, and quarterly analysis for all assets under management in accordance with global and internal directives.
- Prepared monthly, quarterly, and annual Hyperion reporting for Swiss global management.
- Prepared quarterly and annual reporting for the Central Bank of the Bahamas.
- Prepared financial reporting in accordance with IFRS for all EFG banks within the Caribbean region.
- Coordinated and managed the internal and external audit processes.
- Coordinated hiring processes including interviewing potential candidates.
- Identified opportunities for operational efficiencies through process improvements, thereby reducing the monthly close from 15 to 5 days.
- Analyzed financial statements and prepared journal entries as needed at month-end and year-end close.
- Performed month-end and year-end close activities such as accruals, journal entries and reconciliations.
Education
Master of Business Administration - International Business
American Intercontinental University
Chandler, AZ06-2008
Bachelor of Science - BS in Financial Management with a concentration in Accounting
Clemson University
Clemson, SC06-1998
Skills
- Forecasting
- Proposals and presentations
- Decision-making
- Budget administration
- Complex Problem-solving
- Training and mentoring
- Financial management
- Verbal and written communication
- Performance metrics analysis
- Budget oversight
- Critical thinking
- Documentation and reporting
- Performance data analysis
- Results-driven
- Policy and procedure development
Affiliations
- Association of Certified Fraud Examiners - Member
- National Association of Black Accountants - Member
- Alpha Kappa Alpha Sorority - Member
Professional Highlights
- Improved operational efficiencies by reducing the month end close from 15 to 5 days.
- Developed the accounting process and procedures of a start up $25 million dollar offshore real estate fund from inception to divestiture.
- Developed a financial model to provide a valuation for future medical costs that resulted in a client award in excess of $1.5 million dollars as a part of a medical malpractice suit.
Personal Information
Citizenship: US Citizen
Timeline
Vice President Finance
Citi
06.2022 - Current
Acting Financial Controller/CFO
Bahamas Ministry of Tourism
01.2021 - 06.2022
Chief Financial Officer/Head of Finance
Sterling Bank & Trust Ltd
03.2016 - 10.2020
Financial Controller
Sterling Financial Group
08.2012 - 03.2018
Manager
Krys-Global
01.2010 - 08.2012
Regional Head of Accounting
EFG Bank & Trust (Bahamas) Ltd
01.2008 - 01.2010
Master of Business Administration - International Business
American Intercontinental University
Bachelor of Science - BS in Financial Management with a concentration in Accounting
Clemson University
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