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, expense classification, and subsequent reporting.• 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- (Xero).• 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 according to various collective bargaining agreements.• 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 audited financial statements.• Managed operations staff member as part of the money transfer process. Ensured all required levels of approval were obtained and transfer were inputted correctly before releasing funds in the JP Morgan Morcom system.

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.• Automated the preparation of the daily trade volume and commission reports reducing preparation time by 50%.• Established the Convergex consolidated reporting function and related workflows. Fully integrated two acquired companies into the legacy general ledger system and consolidation process.

New York City, Us

Chicago, Il, Us