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Steven Davis is a seasoned finance professional with 30+ years of experience in financial reporting, accounting, auditing, and budgeting. He has held senior leadership positions in various organizations, including Principal at Abrams Foster Nole & Williams, Senior Finance & Operating Executive at Empower Baltimore Management Corporation, Fiscal Director at APM, Inc., First Controller at Growth Systems, Inc., and Accounting Supervisor at Hirsch, Oelbaum. He holds a B.S. degree in Accounting from Drexel University.

Experience

    • Principal
      • Jan 2006 - Present

      Responsible for initiating, planning, supervising and executing audits for the firm. Performed and supervised audits for private and governmental entities, pension audits, SAS 70 and other entities and industries. Experience includes wide and diverse client base, including public companies, not-for-profit organizations, OMB A-133 single audits, and pension and employee benefit audits. Supervised and evaluated senior and junior staff.

    • Chief Financial and Contract Officer
      • Jul 1995 - Dec 2005

      Senior Finance & Operating Executive recruited to lead and manage all financial affairs, daily business activities, and human resource functions for the start-up and operation of a nonprofit corporation formed to foster economic growth and job creation in distressed areas of Baltimore City. Lead and direct treasury functions; internal and external audits; and the development and implementation of internal controls. Concurrently responsible for contract development and negotiations; grants management, administration, and oversight; and Information Technology. Lead a staff of 5. Report directly to the President/CEO.  Designed and implemented accounting and financial reporting systems and procedures for $100M start-up organization including:– Designed base contract and procedures for contract and grant oversight.– Created fiscal monitoring and procurement policies to ensure compliance with appropriate regulations and monitoring of sub-recipients. – Instituted comprehensive processes for data collection and periodic reporting. – Wrote financial accounting procedures and guidelines; developed personnel handbook. Developed solid partnerships with government and community contacts to achieve two-week turnaround in receipt and expenditure of funds. Implemented and administered EBMC’s first Local Area Network including:– Computerized all accounting, financial and non-financial reporting functions.– Analyzed and identified organization-wide computer network needs, and selected subsequent system upgrade.– Trained all staff in operation and utilization of the new network.

    • Fiscal Director
      • Jan 1990 - Jun 1995

      Planned, organized, and directed all fiscal and accounting functions, including budget planning, formulation, and execution. Single authority for operational accounting, financial statements and reporting, and fiscal policy interpretation. Managed federal and other reporting requirements and supervised compliance management. Overhauled accounting department, initiating new organizational and accounting procedures to facilitate growth from $2M to $10M in five years. Consolidated separate, manual accounting and billing functions into one automated system of financial reporting for over 25 cost centers and implemented new computer system. Combined purchase functions and reallocated expenditures to achieve 22% cost savings Secured bank credit line and grant advances to ensure agency survival when the city’s financial crisis reduced funding support.

    • Controller
      • Jan 1986 - Jan 1989

      A nonprofit organization operating group homes for the mentally retarded)First Controller for growing nonprofit organization. Maintained general ledgers, compiled financial statements, and prepared payroll, payables and receivables, and budget/cost reports.Established all business department and financial systems. Developed database program to automate monthly billing for 40 group homes.Consolidated and analyzed data to develop standardized budgets for 15 departments.Created process with county administrators that reduced the timeframe for budget and contract negotiations by 50%.

    • Accounting Supervisor
      • Jan 1984 - Jan 1985

    • Senior Accountant
      • Jan 1981 - Jan 1984

Education

  • 1975 - 1980
    Drexel University
    B.S., Accounting

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Industry Focus. “Accounting and Auditing”

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