Andrew Thompson
Nassau,Bahamas
Summary
Focused Accounting professional with over thirty years of experience maintaining financial records and reviewing account activity. Proven track record of developing accurate spreadsheets and delivering organized reports with Quick Book and Oracle accounting software. Accomplished in taking on tasks within strict deadlines while prioritizing urgent needs.
Overview
43
43
years of professional experience
Work History
Financial Accountant
Radiant Solutions Ltd
07.2023 - Current
- Assisted in annual audit preparations, ensuring smooth process with no major discrepancies found.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
- Identified cost-saving opportunities through thorough budget analysis and expense tracking.
- Input financial data and produced reports using Quickbooks.
- Used double-entry accounting methods and check backs to manage daily entries to general ledgers.
- Managed relationships with external auditors effectively ensuring positive outcomes during annual audits.
- Reported financial data and updated financial records in ledgers and journals.
Assistant Financial Accountant
Citco Fund Services (Bahamas) Limited
08.2013 - 07.2021
- Facilitated timely vendor payments by maintaining organized accounts payable process flow and tracking system.
- Assisted with annual budget preparation, resulting in more accurate forecasting of company finances.
- Streamlined month-end closing process by implementing more efficient system for preparing journal entries.
- Strengthened interdepartmental communication with regular updates on pertinent financial information affecting each area''s budgetary status.
- Improved financial accuracy by reconciling and analyzing account discrepancies on monthly basis.
- Simplified expense reporting process for employees while increasing oversight over corporate credit card usage, streamlining reimbursement requests.
- Provided ongoing support to accounting team members, promoting professional development and fostering positive work environment.
- Contributed to successful completion of financial audits through timely preparation of required documentation.
- Supported management decision-making by providing timely and accurate reports on company performance indicators.
- Ensured tax compliance through accurate completion of sales tax returns and proper recording of related transactions.
- Reported financial data and updated financial records in ledgers and journals.
- Led daily general ledger entries, using double-entry accounting method and check backs.
- Mitigated impacts on financial accounting and business operations by working proactively to identify and resolve strategic concerns.
- Trained junior employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
- Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems.
- Trained three employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
- Trained three employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
- Trained three employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
Assistant Financial Controller
Citco Bahamas Limited
11.2000 - 06.2012
- Assisted in budget preparation and management, ensuring alignment with company goals and objectives.
- Managed fixed assets accounting process, including asset additions, disposals, transfers, depreciation calculations, and reconciliations.
- Optimized cash flow management by closely monitoring accounts receivable and payable activities.
- Enhanced profitability through comprehensive reviews of product pricing strategies and cost structures.
- Improved financial reporting accuracy by streamlining the month-end close process and implementing new accounting procedures.
- Collaborated with cross-functional teams for accurate revenue forecasting and expense tracking.
- Supported external audit processes with timely delivery of requested documentation and schedules.
- Streamlined reconciliation processes for general ledger accounts, increasing efficiency and accuracy in financial reporting.
- Ensured compliance with internal controls, policies, and procedures, reducing risk exposure for the organization.
- Worked closely with operations teams to improve inventory management practices, resulting in reduced carrying costs without impacting service levels or customer satisfaction.
- Mentored junior finance team members on best practices in accounting principles.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Created and distributed reports on internal and external finances, audits, and budgets.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Supported financial director with special projects and additional job duties.
Senior Associate
Hang Seng Bank (Bahamas) Limited
09.1981 - 04.2000
- Streamlined operational efficiency by identifying areas for improvement and proposing actionable solutions.
- Effectively managed multiple competing priorities while maintaining focus on delivering exceptional results for clients and organization.
- Implemented process improvements that led to significant time savings and increased accuracy in deliverables.
- Consistently maintained strong relationships with clients, ensuring clear communication and timely updates on project progress.
- Maintained and processed invoices, deposits, and money logs.
- Managed accounts payable and receivable activities, maintaining vendor relationships and positive cash flow.
- Monitored incoming payments from clients, ensuring prompt application of funds against outstanding invoices.
- Prepared monthly bank reconciliations to ensure accurate representation of company''s financial position.
- Reconciled and corrected issues with financial records.
- Posted daily receipts and payments in accordance with corporate protocols.
- Supported year-end closing procedures by preparing adjusting journal entries as needed.
- Maintained accurate records of all transactions, ensuring compliance with company policies and applicable regulations.
Education
Associate of Science - Accounting
College of The Bahamas
Nassau, Bahamas05.2000
High School Diploma -
St. Johns College
Nassau, Bahamas06.1981
Skills
- Accounts Payable and Receivable
- Accounting and bookkeeping
- Financial Modeling
- Financial Reporting
- Bank Reconciliation
- General Ledger Management
- Account Reconciliation
- Data Entry
- Financial stability knowledge
- Microsoft Excel proficiency
- Generally Accepted Accounting Principles
- Payroll support
- Fixed Asset Management
- General ledger accounting
- Accounts Payable
• Coach, Director and Treasurer of Freedom Farm Baseball League
Twenty-Five years as a Baseball Coach and Director of Freedom Farm serving as the Leagues current Treasurer
Timeline
Financial Accountant
Radiant Solutions Ltd
07.2023 - Current
Assistant Financial Accountant
Citco Fund Services (Bahamas) Limited
08.2013 - 07.2021
Assistant Financial Controller
Citco Bahamas Limited
11.2000 - 06.2012
Senior Associate
Hang Seng Bank (Bahamas) Limited
09.1981 - 04.2000
Associate of Science - Accounting
College of The Bahamas
High School Diploma -
St. Johns College
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