Patty Bednarik Email & Phone Number

Danbury, CT

Controller for international Financial Services firm in the Aviation industry.

Norwalk, CT

• Treasury Director for ensuring efficient cash and liquidity processes throughout GE business dispositions. Serve as liaison between Treasury Leadership, Business Development and Operations to lead Cash Workstream for.
• Legal Entity Restructuring: Determine and manage cash and treasury infrastructure, including FX
• Operational Liquidity & Cash Forecasting: Manage the amount of liquidity required and develop cash forecasting.
• Intercompany Loan Settlements: Ensure efficient communication and settlement of all intercompany loans to minimize the impact on GE’s operational liquidity/funding profile.
• Cash Extraction: Develop and oversee plans to return all cash from disposition target to GE parent pre-close ensuring as little disturbance to business operations as possible.
• Post-Close Operating Model: Establish cash reporting, cash position management and intercompany loan processes.

Norwalk, CT

• Controller for consolidation of discontinued accounting operations. Develop framework for transition of multiple GE Capital entities into the Global Legacy organization with quality and Controllership. Leader for.
• Owner of wing-to-wing closing and reporting process for consolidated businesses in 20+ industries including Real Estate, Franchise, Equity, HealthCare and Transportation for the US and Canada.
• Managed treasury function for 200+ bank accounts, maintaining accountability for driving accounts to closure.
• Drove simplification initiatives to improve transitioned accounting processes in +100’s leasing/lending entities.
• Executed testing and implementation of new payroll system mapping to General Ledger.
• Accounted for pension, severance and benefits due to business disposition; managed and controlled costs from intercompany billings.

Fairfield, CT

• Focused on business strategy to build Centers of Excellence and drive consistent accounting processes globally. Leader of global projects, policies and closing processes for 5 global centers.
• Successfully led company-wide accounting change to Last Calendar Day, earning recognition and management award
• Drove compliance by closing Audit Schedule II for Global Ops Finance Sub-ledger tie out
• Implemented quarterly surveys to collect two-way feedback on global closing process and drive one unified team
• Issued Global SOP on Monthly Close Process, focusing on manual journal entry simplification
• Developed, tested and launched dashboard for the automated collection of MJE metrics

Danbury, CT

• Awarded promotion to a challenging leadership position to implement and enforce financial controls for a GE Capital segment serving both GE industrial businesses as well as external clients. Responsible for Trade.
• Led quarterly financial review with management providing detailed analysis on movements in volume and variances in receivables and net income
• Managed the treasury function with 12 bank accounts and multiple banking institutions, and maintained accountability for approximately $40B in annual in/out cash flows
• Led Intercompany reconciliations for GE Corporate process with all internal industrial businesses
• Launched new efficiencies and eliminated non-value added processes to drive productivity and accountability and boost consistency in financial and internal operating and financial processes
• Established consistent, disciplined oversight of client integrations and new product introductions, providing program accounting training to customers

• Supported Controller as Lead Accountant and collaborated cross functionally to support overall department goals and objectives.
• Led Accounting wind down and termination of GE Plastics, as well as managing manual daily settlements with external buyer.
• Calculated income share for GE Clients and delivered supporting rebate details to GE Corporate.
• Provided support to FP&A by lending expertise in reporting, expense research and GL account definitions.
• Led GL transition from another GE Capital component, involving complete account mapping, balance and activity transfers, re-routing of electronic feeds, testing & implementation
• Managed account reconciliation monthly process including supervision of off-shore team

Danbury, CT

• Responsible for Monthly Closing, financial planning sessions, headcount analysis, FAS 91 and expense analysis for FP&A team in Diversified Vendor Finance group
• Drove accuracy in planning sessions through in depth analysis of actuals vs estimates
• Built financial models to forecast expenses for short and long range forecasts through estimation utilizing business assumptions.
• Led bullet train project on expense reduction working with senior leadership team to drive reduction in all expense categories, resulting in a 10% annual savings
• Managed the planning, calculations, accruals and payments of incentive compensation
• Quarterly presentations to management to present budgets, business financials and project updates.

Danbury, CT

• Controllership analyst for Vendor Financial Services - HQ
• Prepared manual journal entries to support HQ monthly closing
• Prepared and consolidated quarterly reporting
• Trained and transitioned account reconciliations to offshore India team as pilot for GE Capital

Stamford, CT

Danbury, CT

Mba, Fianace

Graduated MBA program with honors while working full time

Bachelor Of Science (Bs), Accounting

Graduated from Fairfield University's School of Business rigorous Accounting Program, with a minor in Spanish.