Robert Brinster Email and Phone Number

Mail clerk

Assist VP Finance part time with wire transfers, treasury spreadsheets, positive pay files and other projects as needed.

Maintain corporate and facility bank balances with accounts at Wells Fargo and Private Bank. Prepare daily cash summary that reports cash balances, loan balances, deposits from Medicare/Medi-Cal and outstanding check balances. Prepare 13 week cash flow forecast to determine future incoming cash flows, payables and debt obligations. New borrowing submissions and paydowns on credit lines. Prepare positive pay files on Great Plains for Accounts Payable and transmit to banks. Review exceptions and ACH fraud filter. Review and initiate wires and book transfers. Determine weekly accounts payable budget for invoices to pay. Bank documents and administration for opening and closing accounts.

Wires, account transfers, cash flow spreadsheet, positive pay

Assist with the morning cash position, cash forecasting (13 weeks), debt schedule and ad hoc projects. Contract completed.

Assist with bank documentation that will update current and newly acquired bank accounts. Contract completed.

Process and record reverse wire and EFT transactions daily. Review and approve daily cash movements for the Tax, and Wage Depts. Monitor daily funds movement including returned items and wire rejections. Update internal reporting systems with financial institution data imports. Validate and report real-time cash balancing activities daily.

ResponsibilitiesMaintain bank balances of the US division of an international business software company based in the UK with $2.1B in assets. Determine surplus cash for US divisions for daily investment at Bank of America. Prepare daily cash flow spreadsheet that reports cash balances for all domestic companies, investments, outstanding intercompany loan balances, and calculates final cash position. Prepare bi-weekly cash flow forecast to determine future incoming cash flows, payables and debt obligations. Prepare monthly credit card analysis to determine total sales, fees and discount rates. Review and initiate domestic and FX wires and account transfers. Arrange all intercompany interest payments to parent company and determine surplus cash that is available for principal repayment to the UK parent. Integrate the treasury function and cash reporting of 2 major acquisitions. Open and close bank accounts. Prepare bank documentation.Accomplishments*Set up investment facility with Banc America Securities. *Created new form to streamline check and wire requests into single form which also included account transfers, ACHs and wire releases.*Prepared a flowchart for CEO, CFO and Treasurer that outlines company infrastructure and paths of all intercompany loans.*Created monthly credit card analysis, DSO report, repatriation analysis and various debt reports.*Assisted in the creation of a cash pooling process in which all cash is concentrated to a single bank account through daily ZBA transfers for quicker repatriation of surplus cash to the parent company.

Provide accurate assessment of all daily funding obligations to maintain integrity of wire transfers for an automobile financing company with $9B in assets. Perform essential functions to determine daily debits, credits, and cash position for funding purposes and to maintain correct balances in all accounts at Union Bank of California, Citibank, and Mellon Bank. Prepare daily cash flow spreadsheet that reports all cash activity, outstanding debt levels for all debt instruments, and calculates the final cash position. Update cash flow forecast to maintain integrity by tracking past cash transactions and working with other departments to predict future sales and funding obligations. Negotiate most favorable interest rate for commercial loans and investments. Maintain $500M bank loan outstandings versus credit lines on a daily basis and an average daily $20M investment in Euros or Cayman dollars. Download and compile daily payments to trustees for all active ABS deals. Manage and review all retail and wholesale lockbox services at Citibank and electronic customer payments to Mellon Bank. Initiate daily ACH transfers to sweep these deposits to a concentration account at Union Bank that averages $250M each month.Accounting responsibilities: daily transaction and month end journal entries, general ledger analysis and bank reconciliations.Miscellaneous cash duties: ACH payments of sales taxes, FX wires, stop payments, and bank documentation. Prepare monthly debt maturity, swap, and medium-term note schedules.

Responsible for analysis of $700M commercial loan portfolio in order to prepare monthly reports such as: cost of funds, loan summary, investor summary, holdback balances, escrow balances, delinquent loans, and multiple borrowers.Review daily loan transactions to prepare a daily reconciliation and book journal entries. Analyzed and reconciled related general ledger accounts.

Consolidation and analysis of budget plans, sales forecasts and sales reports for the divisions of a clothing manufacturer with assets of $500M. Prepared monthly financial statements of smaller divisions. Assisted senior management with analysis of divisions for pending sale or purchase. Misc. duties: month-end close, general ledger analysis, journal entries, and bank reconciliations.