Randy Asante, Email & Phone Number

New York, New York, US

• Analyzed Capital Account Statements (CAS) and fund financial statements to generate and book equity pick-ups for private equity funds; Mezzanine, International, Real Estate, Distressed and Leveraged Buy-Out Funds.
• Reviewed, approved and booked STAT (Statutory Accounting) and GAAP entries for Income/Loss, Realized/Unrealized, and FX Adjustment for funds where New York Life was a LP.
• Played key role in the coordination/training of staff during the transitioning of NYLI operations offshore.

• Assisted with the monthly preparation, analysis and distribution of a $1T Citigroup Institutional Client Group (ICG) balance sheet with supporting documentation. Researched, analyzed and documented material.
• Directed the coordination and remediation of the OICG-managed segment, successfully reducing total assets from $40B to $20B via detailed global analytics.
• Communicated and directed legal entity managers in various regions to rectify incorrect and illogical balances and movements within the OICG-managed segment.
• Developed and enhanced a more informative analytical report that segregated assets and liabilities; provided granular and detailed commentary accompanied by target resolution dates for unresolved issues.
• Prepared analytical reports for equity compensation that tracked monthly reduction in force activity.

• Managed the preparation of monthly allocation and reconciliation of cash receipts and disbursements between Citi and Morgan Stanley Smith Barney during MSSB joint venture. Reviewed and analyzed all systematic feeder.
• Conducted the detailed research and analysis of historical receivable/payable balances with the JV resulting in prior period adjustments to settlements.
• Prepared and submitted monthly Non-Clearing bill with accompanying statements to the JV.
• Monitored/reported JV sales credits and Institutional Client Group rebates; managed monthly transfer of settlement to JV and analyzed month-end posting of sales credits and rebates to the general ledger.
• Analyzed PAIB account activities to ensure that accounts are flat and all sales credits have been allocated correctly and that the corporate cost center has no revenue allocated to it
• Identified/communicated differences/issues with the product control and trade support areas for resolution.

• Managed and oversaw the accurate and timely reporting of various FX funds’ performance, while conducting reconciliations of funds’ performance between the accounting and trading systems.
• Accrued and accounted for funds’ management, administrative and incentive fees; monitored revenues and expenses for all funds on a regular basis.

• Led the preparation of external financial reports to include Forms 10-K and 10-Q, while managing responsibility for the compilation, validation and review of all financial statement footnotes and disclosures for the.
• Liaised with external auditors on quarterly reviews and annual audits.
• Performed balance sheet and income statement analytics; managed and the reconciliation of general ledger accounts, and reviewed/signed off on journal entries.
• Participated in accounting research on SEC disclosures with regards to US GAAP pronouncements and SEC rules.

• Managed the preparation of consolidated financial statements for Tamuin International, Inc. (Mexican subsidiary of Exelon Corporation.) consisting of fourteen legal entities that included payroll & benefits companies.
• Translated functional currency information to local currency using month end rates; monitored and analyzed related foreign exchange fluctuations and implications.
• Maintained records for inter-company billings and receipts of various fees; management fees, technical services fees, construction fees, and payroll and benefits expenses.
• Managed all aspects of payroll to include local and hypothetical taxes for expatriates and 401k deductions.
• Adjusted foreign entity financials to conform to disclosure requirements for US GAAP; foreign exchange, revenue levelization, depreciation, and amortization of capitalized development costs.
• Maintained, monitored and aged receivables from affiliates and third parties.

• Managed and led the preparation of audited financials, and performed the daily reconciliation of two trading system’s P&L and inventory position. Reviewed contractual agreements to assess compliance with SOX purchase.
• Analyzed various expenses related to electronic communication networks, news and quotes.

New York, NY, US

• Directed and oversaw all aspects of accounting for a broker dealer with $500 million budget, 2,500 independent brokers and 300 staff, to include the preparation, analysis and reporting of broker-dealer financial.
• Prepared and justified budget requests; proposed business plans and allocated funds accordingly.
• Advised staff on cost analysis, fiscal allocations and how to operate effectively within budget; monitored budget vs actual accounting sub-ledger reports for controlling expenditures.
• Analyzed and reconciled all accounts and related entries monthly; maintained fixed asset ledger.
• Planned audits, prepared audit budgets and acted as a liaison between company and external auditors.
• Reported organizational finances to management and delivered recommendation on resource utilization, tax strategies, and assumptions underlying budget forecasts.

• Managed and drove all aspects of daily accounting functions.
• Prepared financial statements & reports for two legal entities: Bear Stearns (Japan ) and Bear Stearns (Paris).
• Translated and re-measured functional currency information to local currency for reporting.
• Researched, analyzed and explained all material variances at end of each close.
• Performed reconciliation for inter-company and investment/equity accounts.

New York, NY, US

• Assisted in preparation and filing of financial statements, Forms 10Q and 10K with the SEC.
• Consolidated several Real Estate Limited Partnerships’ (L.P.) Financial Statements.
• Prepared asset, liability, revenue and expense variation analysis.
• Prepared Schedule K-1 tax returns for the Partnerships.

Master Of Business Administration (Mba), Accounting And Finance

Education record

Education record

Education record

Education record