Tricialyn G. Lichtenstein
Alexandria,USA
Summary
Results-driven financial executive with a proven track record across construction, commercial real estate, government, IT, and hospitality sectors. Expertise in financial strategy and process efficiencies has led to significant achievements in capital optimization, budgeting, and forecasting. Recognized for strong problem-solving skills and adaptability that drive organizational success. Career objectives focus on leveraging financial acumen to enhance operational performance further.
Overview
16
16
years of professional experience
Work History
Accounting & Financial Consultant
Potomac Investment Properties
Washington, DC
05.2021 - 06.2024
- Reported directly to ownership on various financial matters such as revenue growth, expense reductions, or investment opportunities
- Stayed well-informed about monthly financials of all partnership with consolidated reporting, analytics, and oversight of financial statements, budgets, and forecasts
- Supported strategic decision-making by providing insightful financial analysis of existing longterm investments and opportunities, accumulating to $2B worth of real estate assets
- Developed capital forecasts, and annual budgets to guide business operations, as well as directed management of cash flow, for more than $31M in partnership cash, to optimize working capital and minimize costs
- Protected company interests as liaison and maintained relationships between organization and external parties (bankers, investors, auditors, attorneys, and other key stakeholders)
- Secured over $5M in PPP debt and succeeded in respective loan forgiveness of such debt
- Optimized partnerships to meet expected challenges and exceed performance targets, while collaborating with third parties to meet budget expectations and monitor spending
- Developed customized financial strategies for clients, aligning with their long-term goals and risk tolerance.
- Developed financial analysis reports and presentations by applying acquired financial principles.
- Analyzed cost estimates and financial performance of projects to ensure accuracy and compliance with applicable regulations.
- Determined and tracked budget expenses with accuracy and transparency.
- Performed variance analysis on actual versus budgeted figures to identify areas of improvement in the project.
- Advised stakeholders on best practices when it comes to financing projects within their organization.
- Participated in meetings between clients, vendors, stakeholders discussing contractual obligations related to specific projects.
- Assessed current processes related to project finances and developed recommendations for improvements.
- Analyzed complex financial information to offer recommendations to management, driving decision-making.
- Facilitated meetings between internal teams to discuss project scope, timelines, budgeting requirements.
- Managed the preparation of budgets, forecasts, cash flow analysis, trend analysis and other related activities.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Evaluated potential investments and acquisitions from a financial perspective and recommended appropriate action plans.
- Evaluated existing processes for effectiveness and developed recommendations for improvement.
- Managed and directed budgets, expenditures, accounting, financial reporting.
- Collaborated with other departments to ensure accurate budgeting and forecasting processes were followed.
- Evaluated complex financial information from multiple sources to make sound recommendations.
Vice President of Finance
Indigo Asset Services
Arlington, VA
07.2016 - 05.2021
- Oversaw $320M+ portfolio for ~25 operating entities consisting of retail, office, industrial, multi-family and development real estate
- Managed $100M+ in existing debt and led refinancing strategies with a variety of lending institutions
- Designed financial forecasting and impact tool for COVID19 as it relates to cash flow and compliance with loans and partnership agreements
- Formalized process to track, analyze and approve 45/145 tenant requests for rent relief while coordinating with management, legal and lender teams resulting in the preservation of $800K+ in uncollected receivables and potential loss to portfolio income
- Launched strategic plan for funding five-year major capital plans by implementing and completing the refinancing of four loan in three years for over $50M in outstanding debt from various curated lending resources
- Contributed to 15% increase in company service revenue during third year of company existence by mining for talent within team's expertise
- Expanded consulting and added partnership services outside of main scope of company and role responsibility
- In charge of setting financial priorities and accomplishing targets by partnering closely and cross-functionally with business leaders
Controller
OTL Enterprises LLC
New York, NY
07.2014 - 05.2016
- Responsible for oversight of 30+ operating/construction in process assets for the ownership entity that served as the general partner and/or general contractor
- Evaluated needs for procurement of funds and investment of surpluses, making appropriate recommendations
- Implemented cost-saving measures by identifying inefficiencies in processes or systems
- Collaborated with other departments, specifically project management, to develop key performance indicators KPIs for monitoring operational efficiency
- Performed and delegated all accounting functions for development projects with average cost of $50M per asset
- Initiated reviews and upgraded company policy and procedures resulting in revised payable cycle improving cash management and net income
- Forecasted cash flow requirements and allocated capital across multiple operating entities
- Accelerated monthly draw process for funding through timely construction draw submission and detailed contractor progress billing for 3 major projects in process
- Improved on construction contract processes including redesign of company's AIA template to reform contractor requisitions process
Corporate Internal Auditor
Highgate Hotels
New York, NY
09.2013 - 07.2014
- Conducted internal audits on location including various corporate office function reviews for global portfolio with asset value exceeding $20B and generating over $5B in cumulative revenues
- Planned and executed hotel internal audits designed to enhance the overall control environment and maximize efficiency, coverage and effectiveness of each department
- Assessed compliance with and understanding of company Standard Operating Procedures and obtaining evidence of such compliance
- Preparation of draft internal audit reports summarizing findings and recommendations for improvements
- Participation in the quarterly monitoring and verification of SOX compliance for publicly owned properties
- Personally improved more than 5 workpapers while assisting with maintenance of company SOPs and process documentation of all key controls to address applicable risks
Senior Property Accountant
Acadia Realty Trust
White Plains, NY
11.2012 - 08.2013
- Responsible for monthly accounting close of 15+ properties which included reviewing and adjusting journal entries, balance sheet account reconciliations, CAM calculations, and account variance analyses
- Managed and improved on fund workpapers while assisting with corporate consolidated financial statements and audit reports
- Prepared information packages presenting actual property account analyses, cash flow, and capital expenditures
- Conducted monthly, quarterly, and annual accounting for 20+ properties, and assisted in completing SEC 10Q/10K schedule filings and investor analysis documentation
Senior Audit Associate
CohnReznick LLP
Bethesda, MD
09.2008 - 10.2012
- Planned, executed and delivered final audit including internal control assessments for identity potential fraud and audit risks
- Customized new audit programs providing company-wide resource for hospitality engagements that documented specific procedures
- Performed specialized service for tax credit cost certifications for $50M+ in development costs
- Approved and determined eligible costs in compliance with government regulations for tax credits
- Consistently met strict deadlines for finalizing audit and compliance testing
Education
Bachelor of Business Administration - Accounting
James Madison University
Harrisonburg, VA05.2008
Skills
AREAS OF EXPERIENCE
- Financial Reporting and Analysis
- Budgeting and forecasting
- Cash flow management
- Internal and external audits
- Debt Financing Strategies
- Revenue and profit growth management
- Strategic Planning and Alignment
- Financial Compliance and Controls
- Expert Excel skills
Affiliations
- IMA (Institute of Management Accountants)
- IMN (Information Management Systems)
- AIPB (The American Institute of Bookkeepers)
Volunteer Experience
Riverside Estates Civics Association Board of Directors, Alexandria, Alexandria, VA, 06/01/21, Current, Board Elected Treasurer
Areas Of Experience
- Financial Reporting and Analysis
- Budgeting and Forecasting
- Cash Flow Management
- Internal and External Audits
- Debt Financing Strategies
- Financial Due Diligence Management
- Revenue and Profit Growth Management
- Strategic Planning and Alignment
- Financial Compliance and Controls
- Third-Party Liaison
Timeline
Accounting & Financial Consultant
Potomac Investment Properties
05.2021 - 06.2024
Vice President of Finance
Indigo Asset Services
07.2016 - 05.2021
Controller
OTL Enterprises LLC
07.2014 - 05.2016
Corporate Internal Auditor
Highgate Hotels
09.2013 - 07.2014
Senior Property Accountant
Acadia Realty Trust
11.2012 - 08.2013
Senior Audit Associate
CohnReznick LLP
09.2008 - 10.2012
Bachelor of Business Administration - Accounting
James Madison University
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