Michael Able Email & Phone Number

Falls Church, Va, Us

• Supervise the Payroll, Accounts Payable, Accounts Receivable, Cashier and Night Audit.• Manage the construction contractor costs for a hotel valued in excess of 450 million dollars. • Supervise the daily accounting operations ensuring compliance with all SOPs and all local laws and regulations. • Analyze and reconcile all general ledger accounts and bank statements to ensure financial information is available and accurate. • Prepare all month end multiple entity financial statements and reports to ensure accurate, timely information is available for management.• Assist in the compilation and preparation of the annual budget, forecasts, taxes and other financial reports.• Train, monitor and coordinate the implementation and maintenance of financial and cash controls and information flow throughout all the departments in the hotel to ensure compliance, accurate records and minimize liabilities, losses and expenses.• Resolve problems and ensure maintenance of the accounting systems and equipment to ensure smooth operations by managing and working intimately with the IT department. • Research and develop departmental operating policies.• Analyze problems, evaluate alternatives and implement creative recommendations.• Review various documents and records for accuracy, appropriate coding, and compliance with policies.• Work with department directors and other staff on accounting and analytical related issues and problems.Major Accomplishments Instrumental in implementation of OnTrack time management performance tool, which reduced excessive overtime hours by 20%. Reduced hotel food costs by 12% auditing the inventory process between outlets and controlling spending during slow periods. Improved accounts payable by streamlining invoice processing and re-establishing proper payment terms. Improved accounts receivable by establishing proper collection timelines and ensuring all client billings are accurate and timely.

• Primary responsibilities consisted of detailed review of contractor and subcontractor billing statements on a 560 million dollar construction project (Viceroy Hotels and Resorts Anguilla).• Prepare draws on construction loan to submit to lender. • Perform bank reconciliations.• Timberline, Advanced Excel functions, including pivot tables and formulas, such as v-lookups, sum-ifs and count-ifs.• Cash management and forecasting. Maintained six bank accounts, three in the U.S. and three in Anguilla. Vendors were paid either by U.S check, wires, or Anguilla check which required direct interface with the local bank.• Managed payroll process. Client had employees on several different pay cycles (bi-weekly, semi-monthly, and monthly) and paid in various ways (handwritten checks, individual wires, and via ADP).Major Accomplishments Detailed audit and reconciliation of subcontractor payments, resulting in a reduction of overpayments and recapture of approximately $350,000 in contractor obligations. Refined manual payroll process which eliminated payroll discrepancies and streamlined data entry process reducing input from five days to two days. Managed the enrollment of over 100 subcontractors in the owner controlled insurance program, limiting potential claims and litigation from construction activities.

• Review and manage accounting requirements of client contracts via preparation of contract abstracts.• Manage construction project billings, including over/under analysis, billing reconciliation and accounts receivable collections.• Analyze monthly division financials and prepare variance reports. • Overall responsibility for maintaining the integrity of multiple project General Ledgers and subsidiary ledgers utilizing CMS Software (Construction Management System) via IBM A/S 400 mainframe platform.• Instrumental in companywide transition from Maridian Prolog Manager 7 to CMS Software.• Insure standardization on all projects• Monitor and review insurance programs and insurance requirements of subcontractors.• Manage division and project payroll.• Prepare, analyze and maintain annual operating budget.• Hire, train and mentor Project Accountants.• Review and prioritize subordinate assignments.• Assisted corporate accounting with development and implementation of internal controls• Establish and maintain relationships with construction contractors, lending institutions and various municipalities.• Manage the construction and operating costs for properties valued in excess of 350 million dollars. • Oversee preparation of all billings and requisitions.• Prepare project cash flow projections and analysis.• Review all purchase and service contracts.Major Accomplishments Detailed audit and reconciliation of reimbursable expenses, resulting in a recapture of approximately $780,000 over multiple contracts. Extensive review of client contracts, identifying billing opportunities not capitalized. Instrumental in the development and implementation of training program and instruction manuals for project accounting staff.

Leesburg, Florida, Us

• Overall responsibility for maintaining the integrity of multiple project General Ledgers and subsidiary ledgers utilizing BIS Software (Builders Information System).• Prepare monthly financial reports on various assets for owner review.• Prepare and maintain annual operating budget.• Establish and maintain relationships with construction contractors, lending institutions and various municipalities.• Manage the construction, operating costs and sale for properties valued in excess of $50 million.• Oversee preparation of all billings and requisitions.• Daily cash analysis, bank reconciliations and job cost analysis.• Total responsibility and supervision of $70 million construction budget for several high-end town homes.• Analyze income statements and audit variances. Approve, prepare and enter all journal entries.• Aided marketing consultant in the preparation of proposal fact sheets and website development.• Review all purchase and service contracts.Major Accomplishments Instrumental in the decrease of monthly office overhead expenditure by approximately 10 percent. Implemented new job costing procedures and forms, which reduced delays in submitting requisitions to lending institutions. Detailed audit of reimbursable expenses, resulting in a recapture of approximately $350,000. Recovered 1 million dollars in accounts receivable aging.

Berwyn, Pa, Us

• Overall responsibility for maintaining the integrity of multiple project General Ledgers (CTI Real Estate System) and subsidiary ledgers. • Review, maintain and reconcile cash and fixed asset accounts.• Manage the construction and operating costs for properties valued in excess of 2.1 billion dollars. • Prepared all month-end closing procedures for the Property Management (MRI Real Estate Solutions), Accounts Payable, Bank Reconciliations and Payroll postings to the General Ledger.• Prepare monthly financial reports on various assets for executive and partner review.• Prepare and maintain annual operating budget.• Prepared due diligence for sale of luxury residential property.• Establish and maintain relationships with construction contractors, lending institutions and various municipalities.• Prepare detailed informational briefs of loan agreements, construction contracts, and vendor service contracts. Monitor, maintain and ensure compliance of loan obligations.• Assembled tax return work papers for corporate tax manager. Reviewed all drafts of tax returns prior to finalization and submissions completed returns.• General responsibilities consisted of detailed review of contractor and subcontractor billing statements on a 1.3 billion dollar construction project (Terminal 4 at JFK International Air Terminal).• Maintained the construction budget and related cost centers (Budgetrac System) for the project.• Responsible for training and supervision of new staff.• Prepared detailed invoices for services rendered to clients.Major Accomplishments Instrumental in the increase of residential management leasing revenue by 35 percent. Prepared all due diligence for residential property at a selling price of 43 million dollars. Responsible for approximately $600,000 of savings from detailed contractor and vendor billing review. Instrumental in obtaining a 15 percent cost savings on all vendor service and maintenance contracts.

Gb

M.A.C, Forensic Accounting

Bachelor Of Science, Business And Accounting