Michael Sokolowski Email & Phone Number

Tax planning, Tax Preparation, Accounting, Fractional CFO & Controller Services, ERP System implementation.

New York, NY, US

• Recruited to restructure and implement more efficient and accurate accounting system, General Ledger package, and financial reporting process. Trained accounting staff on new system use and SOP including job costing.
• Successfully implemented a new cloud based General Ledger Package (Sage- Intacct), converting all General Ledger, Accounts Payable & Accounts Receivable detail for five legal entities from the legacy accounting System.
• Created a new standardized chart of Accounts to properly classify expense by type (Direct, Variable, SG&A). Trained junior staff on how to properly classify expenses.
• Converted financial statements from modified cash basis to accrual basis. Created consolidated financial reports with eliminations to adhere to GAAP.
• Established job costing reports within new accounting system, and trained Accounts Payable staff on how to properly report expenses based on financial statement classification.

Westwood, New Jersey, US

• Prepared full monthly financial reporting package for presentation to the owners and investors including, income statement, balance sheet, gross margin reports, KPI’s, rolling cash flow and profit and loss forecasts.
• Managed two employees on all billing, collections, payroll, and accounts payable functions.
• Automated the monthly union benefit payment process for eight different labor unions by utilizing pivot tables and other advanced Excel functions. Responsible for accurately calculating the benefits due each month.
• Prepared annual financial statements for the CEO’s private investment partnerships including review of all K-1s. Worked with outside tax firm to prepare forms 1065 and 1120.

US

• Oversaw all accounting and finance functions, including Financial Reporting, Treasury, Accounts Payable, Imvestment Reporting, Partnership Accounting
• Directed the monthly, quarterly, and annual close multiple legal entities in the CYMA general ledger system.
• Prepared and submitted monthly FOCUS and quarterly SSOI reports with FINRA, and quarterly 13F holdings report with the SEC.
• Prepared consolidated financial statements with note disclosures, for parent company and eight domestic subsidiaries, in accordance with Generally Accepted Accounting Principles and recent Accounting Standards
• Successfully established general ledger and chart of accounts for four new subsidiaries. Integrated financial information of new entities into the parent company consolidated reporting process.
• Maintained all accounting records for the domestic and offshore funds in Advent- Axys, including reconciling of all securities trades and positions to the prime broker and administrator. Prepared offshore fund’s annual.

New York, New York, US

• Managed staff of three employees on all financial and accounting functions, including monthly close, financial statement preparation, Sarbanes Oxley compliance, and budgeting, while reporting directly to the CFO.
• Directed the monthly close in the Tradewinds general ledger system, reviewed and signed off on all work produced by staff. Reported and summarized results to bank parent company.
• Streamlined the accounts receivable collection process, resulting in a $200,000 reversal in bad debt expense.
• Managed audits with external, internal, FINRA, and New York State sales and use tax auditors.
• Oversaw preparation and filing of monthly FOCUS reports with FINRA, in accordance with SEC rule 15c3-1.
• Prepared and submitted the quarterly 17H risk management report to the SEC.

New York City, US

Chicago, IL, US