Ernest G. Monterrosa

Professional Profile

 

MBA, professional with experience overseeing all financial and accounting functions.  Experience in the design and coordination of activities involving general and cost accounting, financial budget, sales forecasting, product trend analyses and tax reporting, payroll preparation, 401(k) portfolio management and human resources management.  Proficient with MS Office software programs including spreadsheet, word processing and database management, as well as accounting software such as GP Dynamics, BAAN, PeopleSoft, QuickBooks.

 

• Accounting – Solid background in overseeing, planning and budgeting accounting functions. Responsibilities includes direct daily operations, financial statement preparation, cash forecasting, fixed asset custodianship and database management, business tax reporting, administer in-house payroll, payroll tax preparation, supervision of A/R, A/P, G/L and payroll functions.

 

• Accounts Payable – Review of incoming invoices and Request for Payments via email. Ensuring that duplicate payments are avoided. Analysis of documents to ensure proper general ledger coding as well as, for multiple company reporting, and cost center reporting. Work with multiple accounting periods with multiple companies simultaneously. Ensuring GAAP is followed to capitalize expenses and amortization of prepaid expenses. Entering invoices into the A/P system.

 

• Tax Accounting – Experience with the preparation of corporate tax return: for-profit and not-for-profit tax returns (Form 990), sales tax returns and payroll tax returns. Tax law research experience on IRS Form 990; multi- state sales tax return issues (Georgia and Florida), as well as multi-county surtax laws, within Florida. Tax research skills: Extensive work in IRS issues for Form 1040; Form 1120, Form 990 and Form 1065.

 

• Hospital/Reimbursement Accounting – Experience with the preparation of Medicare Cost Reporting in the areas of DSH (Disproportionate Share Hospital) section of the annual cost reports. Experience also includes issues or hemophilia and renal dialysis cost reporting. Experience in the research of authoritative regulation and Medicare law. Journalizing and recoding findings into the general ledger.

 

• Human Resources – Ability to design and implement employee benefit package. Worked with Merrill Lynch professionals to structure employee savings plan. Coach employees to select their level of investment risk tolerance. Monitoring of investment performance of 401(k) employee plans and making appropriate changes when needed. Design of employee training programs (customer service), warehouse management procedures and employee safety. Design and implementation of employee support systems. Monitoring employment law issues (OSHA, Equal Pay Act, Equal Employment Opportunity, etc.). Other functions: job analysis and design; recruiting and terminations.

 

• General Management – Self-motivated decisive team leader with experience in business management including negotiations, procurement (international exposure). Experience with establishing internal controls policies and procedures for liquid assets (cash and cash equivalents); inventory management; and fixed assets’ management and custodianship. Experience with risk management issues. Negotiation with vendors (insurance agencies, IT vendors, and text. Dealing with employee motivation and management. Risk management: workers’ comp issues, employee safety and inventory risk issues. Import and export functions: logistics, risk insurance for inventory in transit.

 

• Communications – Strong communicator with well-developed presentation and negotiation skills. Able to develop productive relationships with clients, vendors and staffs at all level. Experience in and development of negotiating skills dealing with international manufacturers and employees (China, India, and Thailand).

 

 

Experience

 

ISKCON MIAMI OUTREACH, INC.                                                                        08/2019 to Present

Work done as an independent Consultant

Small nonprofit organization; a religious institution, located in Miami, FL.

Consulting was initially done pro bono. The organization is in the process of incorporating in Florida. Management Consulting Issues: My consulting services included the formation of nonprofit organization based on Florida Statutes. Worked on the articles of incorporation and corporate by-laws. Currently, I am working with the founders in defining their mission statement, HR policies and procedures, and financing arrangements. Accounting Issues: I am also working with their treasurer to set up the corporation’s accounting system, from the ground up, including finding the appropriate software to match their needs. Taxation Issues: I will also be working on the corporation’s application for its IRC 501(c)(3) status with the Internal Revenue Service.

 

 

10 CAN INC.                                                                                                              01/2019 to 04/2019

Work done as an Account Temps Consultant

Small nonprofit organization, located in Newberry, FL. Functions: Set up chart of accounts. Analysis of transactions for proper journalizing. Managing multiple bank reconciliations. Updating general ledger prior to producing financial statements. Software used: QuickBooks online.

 

Tower Hill Insurance Group                                                                                       02/2018 to 10/2018

Work done as an Account Temps Consultant

Job: Accounts Payable functions for a multi-company and multi-State accounting reporting.

Analysis of documents for proper accounting treatment: (a) Set up prepaid items in the general ledger; (b) expensing items to income statement. Analysis of documents related to insurance claims; payments to insurance adjustors, and insurance agents. Analysis related to proper codification of insurance claims (hurricane-based G/L codification).

 

 

Consultant, Robert Half International / Account Temps, Jacksonville, FL                          12/2017 to Present

Recruiting firm

• Temporary assignments in finance, accounting and internal auditing for RH’s regional clients.

Consulting Work (Robert Half International’s clients)

Client: Tower Hill Insurance. Worked on accounts payable projects: analyzing source documents, validating authorization, ensuring IRS tax ID compliance from vendors; analyzing nature of goods and services being processed to ensure proper G/L reporting. Worked with various insurance claims’ (insurance claims’ accounting) related to hurricane damages affecting Tower Hill’s customers. Worked with insurance adjustors to ascertain payments for their services related to several hurricanes affecting clients (management’s goal was to report on the basis of timing, severity and class of hurricane, all information to be properly reflected in the financial statements for each GL entity). Worked with procedures to ensure proper payments, both electronically and regular checks. Did some reconciliation work.

Client: Butler’s Plaza Enterprises. Did a short-term assignment work related to sales tax reconciliation of several taxing entities owned by the client.

Client: 10 CAN Inc. A not-for-profit entity. Setting up their general ledger structure; processing their cash receipts and cash disbursements. Analyzing financials and bring their financials in compliance with GAAP.

 

Graduate School, Saint Leo University Tampa, Florida                                                   01/2015 to 05/2016

• General MBA degree obtained in May, 2016
• Major research work done in the leadership and strategic management fields
• After graduation, I took a sabbatical trip to Europe that lasted until 12/2016

 

Accounting Manager, Sacred Threads, Inc. (STI) Gainesville, FL                                    03/2012 to 12/2014

An international company specializing in the  wholesale of women apparel.

• Supervised all aspects of financial accounting up to production of monthly financial statements.
• Coordinated startup of STI’s nonprofit arm, the Sacred Deeds Foundation (SDF); developed accounting policies for both STI and SDF, and researched and obtained the Foundation’s 501(c)3 status.
• Implement employee’s benefit package; worked closely with Merrill Lynch advisors.
• Integrated independent IT software into GP Dynamics general ledger.
• Developed A/R policies and procedures for speedy collections and worked with attorneys to litigate with nonpaying customers.
• Oversight over supervisors of A/R , A/P, G/L, cost accounting, purchasing, and logistics/warehousing.
• Financing roles. Loan negotiations with local banks and international banks (India, Thailand).

 

Senior Accountant, Shands Healthcare, Gainesville, FL                                              07/2005 to 06/2011

A teaching hospitals with two UF affiliated hospitals in Gainesville and Jacksonville, FL along with several community hospitals and clinics in the surrounding cities.

• Financial Accounting. Preparation and documentation of monthly journal entries, quarterly and year-end closings analysis. Monthly balance sheet accounts reconciliations in preparation for quarterly internal audit requests and yearly audit. Analysis of financial statements of various entities’ income statement and balance sheets. Software used: PeopleSoft.
• Tax Accounting. Research and prepare several IRS F-990 for one major hospital (Lakeshore) and several nonprofit organizations controlled by Shands (Shands Jacksonville Foundation, Inc. Shands Auxiliaries, Inc., Shands Jacksonville Affiliates, Inc., Eldercare of Alachua County, etc.). Software used: Lacerte. Handling all of Shands entities’ sales tax reporting, in a multi-county tax environment. Research of sales tax law for the state of Florida and Georgia; analysis of financial transactions and preparation of multi-county sales tax returns. Tax return preparation corporations IRS 1120 and FL 1120-N. Shands’ operated some UBI operations that required “for profit” corporate tax returns.
• Reimbursement Accounting. Handled issues with Medicare and Medicaid. Worked in a team to prepare the Medicare Cost Report for Shands main hospital in Gainesville, and some support work for Shands Lakeshore hospital and Shands Jacksonville hospital. Areas of cost reports: DSH, Renal Dialysis, and Hemophilia sections.
• Cost Accounting. Worked on a support capacity to the cost accounting personnel, helping in designing their reporting needs, and in researching financial accounting data used in their cost accounting models.

 

Grants Accountant, Shands Healthcare  Gainesville, FL                                              12/2001 to 07/2005

A teaching hospitals with two UF affiliated hospitals in Gainesville and Jacksonville, FL along with several community hospitals and clinics in the surrounding cities.

• Prepared monthly journal entries for Eldercare of Alachua County, Inc., another entity fully controlled by Shands Healthcare.
• Tracked all payroll expenses, as well as, ambulatory costs associated with providing services to clients.
• Worked simultaneously with several fiscal periods: Federal, State, County and City, as all these government entities provided some type grant-funding to Eldercare of Alachua County.
• Prepared Eldercare of Alachua County’s monthly financial statements and its balance sheet accounts reconciliations.
• Research on grants requirements from the federal, state, county and municipal governments.

EDUCATION

 

Master of Business Administration, Saint Leo University, 2016. Major in corporate finance, minor in corporate leadership.

Bachelor of Science in Accounting, Saint Leo University, 2007

Software: MS Office: Excel, Word, Access. PeopleSoft, GP Dynamics (G/L, A/R, Inventory), BAAN, Business Objects, Lacerte, Tax Act., QuickBooks.

Certifications. Certificates and CPEs: Internal Revenue Service Forums on Corporate taxation and individual tax law updates and changes. Orlando, Florida, 08/2019.