Sofia Michis Email & Phone Number

- Provide strategic guidance in overseeing the financial, treasury, and tax planning activities for nationwide owned assets and its subsidiaries. - Develop and implement financial strategies and policies to support the overall business objectives of a diverse group of operating entities. - Oversee financial planning, budgeting, and forecasting processes, ensuring accuracy and alignment with strategic goals. - Monitor financial performance, analyze variances, and identify areas of improvement or risk. - Conduct financial analysis and due diligence for potential business opportunities, including acquisitions, dispositions, and investments. - Implement effective internal controls and financial reporting systems to safeguard assets and ensure compliance with laws and regulations. - Ensure accurate and timely financial reporting in compliance with accounting standards and regulatory requirements, including corporate, portfolio and property levels. - Prepare financial statements, reports, and analysis for internal and external stakeholders, including senior leadership, lenders, partners, and investors. - Coordinate external audits and maintain relations with external auditors and investigate their findings and recommendations.

Englewood, New Jersey, Us

Conduct financial analysis and due diligence for potential business opportunities, including acquisitions, dispositions, and investments.Implement effective internal controls and financial reporting systems to safeguard assets and ensure compliance with laws and regulations.Ensure accurate and timely financial reporting in compliance with accounting standards and regulatory requirements, including corporate, portfolio and property levels.Coordinate external audits and maintain relations with external auditors and investigate their findings. Communicate financial information and performance to stakeholders, including partners, investors, and creditors.Support and work closely with founders in investor relations and fundraising efforts.Manage treasury for the organization including cash forecasting, working capital planning and investment oversight.Manage related activities such as insurance, legal, risk management, IT, and human resources.Manage employee benefit plans, including 401k plan, Employee Incentive plan, and Employee Health Insurance plans.Performing cash projection scenarios to better manage cash balances and to optimize the use of excess cash balances.Implementing, documenting, and maintaining adequate and effective internal controls.Coordinating the preparation of annual tax return with outside CPA firm.Assist in all Due Diligence processes of acquisition/disposition of assets.Review and analyze all property-related complex transactions related to acquisitions, dispositions, and refinancing. Responsible for all Fund Accounting functions to ensure accurate reporting to investors.Perform various calculations including IRRs and management fees for 8 Funds.Perform waterfall calculations related distribution and income allocation.Perform quarterly investor reporting, capital calls, distributions, and LP capital statements.Lead the Treasury function, maintain banking relationships, and assist with various private investment close processes.

- Oversee the timely completion of the full cycle of month-end and year-end close activities for portfolio of 60 properties/entities. This includes income statement, balance sheet and cash account reconciliations; reviewing all financials and reconciliations ensuring accurate reporting- Participate in the preparation and review of the annual budgets, forecast and reforecasts throughout the year. - Implementing processes to record company transactions and comparing company costs incurred to budget. - Reviewing monthly accounting close processes to guarantee accurate accounting records are maintained. - Creating year-to-date, monthly, quarterly, and annual financial statements and budgets and related footnotes. - Performing cash projection scenarios to better manage cash balances and to optimize the use of excess cash balances. - Monitoring the accumulation and pay-back of inter-company reimbursements. - Implementing, documenting, and maintaining adequate and effective internal controls. - Coordinating the preparation of annual tax return with outside CPA firm. - Assist in all processes of acquisition/disposition of assets. - Review and analyze all property-related complex transactions related to acquisitions, dispositions, and refinancing. - Work with construction department on all contracts, project budgets, and payment issues. Including reviewing change orders and lien waivers. - Review, abstract, and enter leases in accounting software. - Review and approve year end tenant reconciliations. - Responsible for all Fund Accounting functions to ensure accurate reporting to investors. -Oversee various calculations including IRRs and management fees for 8 Funds. - Oversee waterfall calculations related distribution and income allocation. - Oversee quarterly investor reporting, capital calls, distributions and LP capital statements. - Prepare quarterly reports for general partners and assist with ad-hoc projects

Directly reported to Controller in support of $800M in assets parent company with 87 active subsidiaries with the following ongoing responsibilities: - Managed all accounting aspects such as: complex bank reconciliations, monthly accruals and journal entries, depreciation/amortization of fixed assets, accounts payables, accounts receivables and complex intercompany reconciliations. Analyzed financial results, capital forecasts and cash flow forecasts - Prepared and audited monthly, quarterly, and yearly financial statements. Identified risk areas and performed issue analysis and resolutions - Managed monthly P & L, Balance Sheet, BVA, and FASB reports, and coordinate adjustments as needed. - Prepared monthly, quarterly, and annual consolidations for internal management and external auditors, as well as managed and updated Accrual, GAAP and Tax books. - Prepared and maintained annual corporate budget and ongoing re-forecasts. - Managed and responded to periodic and ad hoc financial reporting requests of Owners and Lenders. - Assisted with asset acquisitions and closings of industrial and office properties in Chicago and Texas areas - Prepared monthly loan draws for construction projects and assist construction manager with day-to-day job cost entries and reporting SIGNIFICANT ACCOMPLISHMENTS - Transitioned to new MRI system, including automating processes and implementing best practices, training third party and internal employees and performed system troubleshooting saving company consulting fees by 60% - Coordination of annual external audit and active participation in implementation of internal and third party accounting best practices and reduce annual audit costs by 50%.

Monitored cash accounts receivable and accounts payable. Enter accounts payable invoices and employee expense reports and cut checks. Administer online banking functions Generated monthly close of financial statements Prepared management reports concerning purchases, sales, and inventory Generated budgets and forecasts on a quarterly basis and presented to the management team

Accounting And Business Administration

Associates