Experience

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  Skowron & Bunning LLP

  • Citrus Heights, CA

  • Managing Partner

    • Nov 2018 - Present
    • Citrus Heights, CA

    A full service accounting and consulting firm helping individuals and small to medium sized businesses with their accounting and tax needs

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  Joseph M.Skowron, CPA

  • 225 30th Street, Suite 301 Sacramento, CA 95816

  • Owner

    • Dec 2010 - Nov 2018
    • 225 30th Street, Suite 301 Sacramento, CA 95816

    Accounting, Consulting and Tax Services for Individuals and Businesses

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  Resources Global Professionals

  • Northern California

  • Consultant

    • Oct 2011 - Apr 2017
    • Northern California

    At Resources Global Professionals, we serve business from the inside. Partnering with client teams, we solve problems, implement initiatives and help drive change through all levels of businesses all over the world.

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  State Street Bank

  • Sacramento, CA

  • Senior Vice President

    • Mar 2007 - Dec 2010
    • Sacramento, CA

    • Led the Canadian team and migrated the business from Toronto, saving $2.5M/year in operating expenses.• Led the hedge fund business which was a new venture for the site.• Improved the recruiting process to a 50% reduction in time while maintaining high quality. • Developed and began implementing a CPA program for staff to improve retention.• Developed and began implementing an Associate Accounting program which could reduce staff costs by $500K/year.

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  Intel Corporation

  • Corporate Planning Controller

    • Oct 2005 - Mar 2007

    • Responsible for the consolidation and reporting of financial and managerial results and forecasts.• Successfully led a team in the reorganization of the Flash Group.• Led the Corporate Planning group in the navigation of several cutbacks experienced in 2H 2005; 1H 2006.• Drove the redesign to the internal allocations process for better reporting and opportunities for cash savings.

  • Treasury Accounting Controller

    • Apr 1999 - Oct 2005

    • Responsible for worldwide oversight of Treasury accounting activities, including; Cash Management, Intel Capital and Foreign Currency overseeing the accounting for the $13B cash portfolio as well as the $2B Intel Capital portfolio.• Successfully led various teams in the implementation of several technical accounting issues including: - FAS 123R - Stock Based Compensation; - FAS 133 – Derivatives and Hedging; - FIN 46 – Variable Interest Entities; - SOP 97-2 - Revenue Recognition for Multiple Element Sales Arrangements; - Sarbanes Oxley; Sections 302 and 404 (representing 12/67 key processes)• Successful business partnering on numerous structured deals for maximum shareholder value and proper accounting treatment (e.g., PCCW, Samsung Convertible.)• Drove the development of an internally developed accounting and reporting system for Intel Capital. • Developed an organization of 12 accounting professionals (from an original three) to address the growing risks and complexity within the organization.

  • Audit Manager

    • Dec 1995 - Apr 1999

    • Hired as a Treasury Audit Specialist responsible for monitoring controls over Treasury – Worldwide.• Created the Treasury Audit Program to address risks of the Auditing Committee, External Auditors and Internal Audit.• Promoted to manager in 7/96 responsible for Treasury, E&Y Coordination, Tax and added Planning and Logistics Group (PLG) in 6/97.• Successfully implemented an automated work paper software program world wide which created greater efficiency and effectiveness and control over the Internal Audit Process.

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  First Interstate Bank

  • Los Angeles, CA

  • Manager - Internal Audit

    • Apr 1992 - Dec 1995
    • Los Angeles, CA

    • Responsible for the Financial Reporting, Operations and Investments cycles within the bank with emphasis on the Investments cycle which included; Bank Trading and Investment Portfolio reviews, testing for compliance with MSRB/GSA, FFIEC testing, Investment Operations and Retail Sales of Non-Deposit Investment Products.• Responsible for the installation and sustaining testing of several Treasury systems installations (Wall Street Analytics, CMS Bond Edge, Savid).• Successfully led the implementation of Section 112 of the FDIC Improvement Act for the California Bank (the predecessor to Sarbanes Oxley for Banks).• Developed a program to train and develop staff which allowed them to meet the requirements for Certification as a CPA in the state of California.

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  Price Waterhouse

  • New York, NY; Los Angeles, CA

  • Manager

    • Jun 1985 - Apr 1992
    • New York, NY; Los Angeles, CA

    • Led the Audit team on the IPO for Aames Financial.• Analyzed and evaluated valuations for an investment portfolio for an insurance company which included junk bonds and real estate.• Performed audits of various capital markets groups and related transactions at leading global financial institutions. Transactions included; swaps, futures, options, forwards and foreign exchange transactions.• Responsible for the planning and coordination, supervision and execution of annual financial audits attesting to the fairness of financial statement of both private and public companies (SEC Registrants.) • Responsible for review of internal control systems and formulation of recommendations for improvement to management.• Assisted in the Litigation Consulting practice preparing damage models and performing “forensic” accounting audits.Clients Served Include :• Financial Institutions (Chase, Chemical, Dean Witter, Barclay’s, Oppenheimer & Co., City National Bank)• Insurance (Broad Inc., Amwest Insurance)• Manufacturing and Distribution (Culbro, Matchbox, Yamaha, Pepsi of Bakersfield)• Talent Agency (Josephson International)• Energy (Luz International Limited)

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  Sheraton Hotels

  • New York, NY

  • Assistant Controller

    • Sep 1983 - Jun 1985
    • New York, NY

    • Responsible for the training and supervision of accounting personnel.• Interpretation of Joint Venture Agreement for financial and tax reporting.• Instrumental in implementing the use of PC’s in the New York area hotels.• Financial Statement preparation and analysis as well as strategic planning and budgeting.