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 month-over-month variances for all assets and liabilities within other ICG (OICG). • 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 and manual entries impacting the receivable/payable.• 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 MD&A (Management Discussion and Analysis). Documented all accounting processes and procedures for compliance.• 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, finance companies, operation, management and construction companies, and investment 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 all cash, investment and equity reconciliations; analyzed and explained variances at end of accounting close.

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 obligation provision.• 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 statements and performance reports.• 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.• Significantly improved the company’s cash flow position via implementation of new credit and collection procedures.• Directed the company-wide migration to SAP; conducted end-user training.• Led the accounting/reporting of Registered Investment Advisory (RIA).

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