Jake Scully Email & Phone Number

Reston, Va, Us

Los Angeles Metropolitan Area

• Founding member – currently responsible for all finance and accounting activities (daily bookkeeping, month end close, monthly reporting, cash forecast, payroll).• Developed and maintain financial model containing 3 years of revenue and cost projections, a complete 3 statement model, a forecasted budget for year 1, as well as scenario and sensitivity analysis. o Model was included with the deck sent to dozens of individual and institutional investors.

Los Angeles Metropolitan Area

• Complete rework of financial model to ensure consistency with FP&A modeling standards, improve upon structure, format, and formulas, and implemented scenario and sensitivity analysis.

• Analyzed and developed a scenario report for the company’s three lines of business and product lines. • Helped show the effect of resource allocation on current margins, providing additional insight on optimal resource allocation to achieve desired future margins.• Implemented and maintained a monthly reporting and analysis system.• Account reconciliations and schedules maintenance (depreciation, prepaids, etc.)• Key part of due diligence and analysis leading to the sale of the company in November 2020.

• Responsible for the daily bookkeeping of 12 separate locations, interfacing with both restaurant employees and over 100 vendors to maintain up-to-date account balances.• Assist with financial reporting and analysis, including month end COGS and PnL.• Responsible for month end account reconciliations and accruals.

Greater Los Angeles Area

• Developed a reporting system to aid in analysis of employee time management and client hours utilization.Findings were used to establish new rates in contract negotiations.• Utilized straight line and double discount methods to maintain the monthly depreciation schedule. • Created a tool to analyze customer revenue and turnover, providing benefits towards trend and scenario analysis.• Compared financial indicators and competitive firm analysis (e.g. expense distribution) with a self-developed benchmark reporting tool. • Worked within accounts receivable and accounts payable management, which reduced customer average days to pay by nearly 10 days.• Managed month end close reconciliations, including various bank and credit card accounts, assets, liabilities, and depreciation accounts.

11921 Freedom Drive Suite 550, Reston, Va 20190

• Developed and maintained cash forecasting model to better manage cash flow and payables.• Created and implemented processes for quoting, invoicing and purchase order creation.• Migrated accounting system, to increase efficiency, reporting capabilities, and overall financial management. This revealed multiple cases of overpayment, saving the company over $50,000.• Managed daily accounting: accounts receivable and payable management, expense report management, sales and use tax management, and monthly reconciliations.