Adam Ferrari
Accounting Manager at Exceleration Music- Claim this Profile
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English Native or bilingual proficiency
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Bio
Experience
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Exceleration Music
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Musicians
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1 - 100 Employee
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Accounting Manager
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Jan 2023 - Present
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Tallan
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United States
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IT Services and IT Consulting
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1 - 100 Employee
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Controller
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Feb 2017 - Jan 2023
- Lead month-end and year-end close processes including: o Revenue recognition, accruals, deferrals and reclassing o Analyze account workpapers to GL account balances o Accounts receivable, accounts payable and cash flow management o Preparation of GAAP financial statements - Own all aspects of ASC 606 revenue accounting and billing operations - Ongoing assessment of policies, procedures and internal controls including implementation of improvements - Monitor all client budget spend against contract amounts to protect from project overrun - Supervise Senior Staff Accountant and Billing Coordinator - Liaise with external auditors in: o Fulfilling yearly testing and compliance requests o Providing required documentation and explanations - Monthly managerial reporting for senior management team - Analyze financial activity and track performance to budget including variance investigation - Create vision for, develop and implement internal finance software as well as Dynamics Business Central transition - Conduct and present profitability analysis of both potential and existing projects to optimize revenue and minimize cost - Handpicked member of “Executive Committee Training Program” - Create/administer all bonus compensation plans for employees - Lead all payroll activities for US in conjunction with HR - Ensure regulatory compliance across all company contracts - Entity accounting for Tallan’s three subsidiaries
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MCR Property Management
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Hamden, CT
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Senior Staff Accountant
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Jun 2015 - Jan 2017
- Prepared internal and external financial statements - Prepared annual budgets for internal and external use - Performed historical expense trend analysis to determine and implement strategies to reduce costs. - Assisted with valuation, diligence and closing process in connection with sale of company owned properties. - Analyzed financial activity and tracked performance to budget - Processed and oversaw accounts payable procedures - Act as liaison for external auditors in: o Fulfilling yearly testing and compliance requests o Providing required documentation and explanations - Entity accounting for 15 residential apartment complexes under Belfonti Associates umbrella - Filed annual Income and Expense reports with various town assessors
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SONGS Music Publishing
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United States
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Musicians
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1 - 100 Employee
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Manager, Royalties
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May 2011 - Jun 2015
- Reconciled, analyzed, forecasted and allocated all revenue - Ensured royalty compliance by royalty audits with all vendors - Summarized contractual information of all accounts in CRM - Coordinated countersignature and of all contracts - Provided direct support to CFO in form of monthly revenue close reports and special projects as needed - Finalized and distributed all client royalty statements - Entity accounting for SONGS subsidiaries and co-ownership interests - Reconciled, analyzed, forecasted and allocated all revenue - Ensured royalty compliance by royalty audits with all vendors - Summarized contractual information of all accounts in CRM - Coordinated countersignature and of all contracts - Provided direct support to CFO in form of monthly revenue close reports and special projects as needed - Finalized and distributed all client royalty statements - Entity accounting for SONGS subsidiaries and co-ownership interests
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Lye & Lye, P.C.
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Hamden, CT
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Staff Accountant
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Jan 2008 - Apr 2011
- Oversaw month-end close processes across all clients - Assisted in preparation of client financial reports and prepared/processed business/individual tax returns - Calculated all weekly and semi-monthly payroll for clients - Prepared and processed monthly client payroll tax deposits, quarterly payroll tax returns, and yearly responsibilities (1099-MISC, W-2, W-3, etc.) - Prepared monthly sales and use tax returns as well as rolling property tax returns - Oversaw month-end close processes across all clients - Assisted in preparation of client financial reports and prepared/processed business/individual tax returns - Calculated all weekly and semi-monthly payroll for clients - Prepared and processed monthly client payroll tax deposits, quarterly payroll tax returns, and yearly responsibilities (1099-MISC, W-2, W-3, etc.) - Prepared monthly sales and use tax returns as well as rolling property tax returns
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Education
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University of New Haven
Master of Business Administration (MBA) -
University of New Haven
Bachelor of Arts (B.A.), Music Business