Accounting and Executive Professional with corporate experience in leadership and financial management
Orange County, California Area
- Past
-
- Controller at Ascension Management Inc.
- Controller at Ascension Management Inc
- Corporate Controller at Play N Trade
- Controller at Play N Trade Franchise Inc.
- Controller at Play N Trade Video Games
- Controller and Corporate Officer- Secretary at T-Street Management Inc
- Financial Analyst at Citigroup, Franchise Finance Division
- Account Executive at Universal Aero Support Inc
- Education
-
- California State University-Fullerton - College of Business and Economics
- California State University of Fullerton
- Connections
-
49
connections
- Industry
- Accounting
- Websites
Phil Stooksbury’s Summary
Accounting and Executive Professional with corporate experience in leadership and financial management, an astute advisor in all levels of tax, operational procedures and finance. Self reliant, detail oriented with a strong discipline in achieving objectives and manage multiple tasks with a commitment to excellence.
Phil Stooksbury’s Specialties:
accountancy, accounts payable, accounts receivable, advertising, budgeting, business plans, cash flow, consulting, contract management, cpa, customer relations, database administration, directing, due diligence, finance, financial, financial analysis, financial management, great plains software, mergers, microsoft access, microsoft excel, microsoft powerpoint, microsoft word, negotiation, peachtree, policy analysis, purchasing, quickbooks, real estate, sales, tax planning
Phil Stooksbury’s Experience
-
Controller
Ascension Management Inc.
(Accounting industry)
August 2008 — October 2009 (1 year 3 months)
-
Controller
Ascension Management Inc
(Accounting industry)
August 2008 — October 2009 (1 year 3 months)
Financial Services Company primarily focused on improving individual finances through investment, real estate and loans
Controller and Treasurer
Present expenditures, revenue performance and budgets of companies to the Executives and the Board. Counseled regarding revisions and authorization of trade contracts; analyze potential investment opportunities for private investors. Drafted and executed private placement memorandums for entrepreneurs to raise capital for investment portfolios. Consulted small business clients through audits and mergers and restructured accounting policies and procedures. Generated growth status report and offered counsel on business plans and ad hoc projections. Planned and created internal controls to ensure compliancy with GAAP and government policies.
Spearheaded financial recovery by assuming operational role and cutting cost
Established effective business models including the creation of subsidiaries; Reworked a stronger financial portfolio and implemented new policies and procedures for a client resulting in the successful sale of the business, Yakety Yak Wireless, Inc.
Created an investment package including a private placement memorandum and investor agreement for a variety of companies which includes an IT software company seeking growth funds from potential investors and a real estate capital venture firm purchasing bulk real estate owned properties from a variety of banks for investors and clients.
Provided financial consulting for clients seeking negotiations or settlements with various creditors and agencies mitigating losses and providing annual savings ranging from $20,000 to $140,000 in cost. -
Corporate Controller
Play N Trade
(Accounting industry)
2006 — July 2008 (2 years )
-
Controller
Play N Trade Franchise Inc.
(Accounting industry)
May 2006 — July 2008 (2 years 3 months)
-
Controller
Play N Trade Video Games
(Accounting industry)
2006 — 2008 (2 years )
-
Controller and Corporate Officer- Secretary
T-Street Management Inc
(Accounting industry)
July 2005 — July 2008 (3 years 1 month)
Reported directly to Executives, responsibilities comprise of financial management of franchisors, report and review financial performance of various subsidiaries. Supervised a team of accountants to monitor client financials and compliance, manage royalties, activation commissions and product revenues produced by franchise units. Planned and established the policies and procedures of accounting controls in accordance to GAAP and prepared tax filings for federal and multiple states and coordinated audit projects with outside CPA firms. Arranged minutes and maintain corporate filings for the Board of Directors. Draft vendor and broker agreements with national distributors and wholesalers of electronic products and services. Assumed operational responsibilities for the implementation and direction of electronic goods delivered to franchisees.
- Created efficient accounting operations to facilitate and sustain successive financial and multi-franchise unit growth. These operational methods allowed the franchisors to grow exponentially, Yakety Yak Wireless, Inc. originally had 20 stores which expanded over 80 stores and selling over 200 franchise units. Play N Trade Inc. initially started with 15 stores and grew over 150 stores and selling over 600 franchise units.
- Established ACH payment method with franchisees to minimize collections and maximize cash flow. This lowered the 30 days turnaround time to less than 3 days in Accounts Receivable Collection.
- Formed an operational distribution channel with increase discounts for wholesale bulk purchases of video game products and equipment for over 150 franchisees and increased gross profit margin by 10% and establish immediate delivery of products to meet growing customer demands. -
Financial Analyst
Citigroup, Franchise Finance Division
(Accounting industry)
January 2004 — July 2005 (1 year 7 months)
As a Financial Analyst, my responsibilities were to evaluate franchisees seeking loans and increase lines of credit by assessing their credit, income statements, cash flow and potential financial opportunity. In addition, I managed a $350 million oil/petroleum portfolio that included Chevron, Shell, Arco and Jiffy Lube franchises. Reviewed quarterly financial compliance of franchisees, draft default and due diligence correspondence with clients, and worked closely with Senior Loan Officers and Executives on financial ad hoc projections and analysis of potential clients requesting $5 to $50 million commercial notes. As my duties increased, I managed a $450 million portfolio in the food industry including Wendy's
-
Account Executive
Universal Aero Support Inc
(Accounting industry)
October 2002 — December 2003 (1 year 3 months)
Supplier, Distributor and Broker of aircraft engines and components for commercial aerospace companies; The duties of an Account executive consisted daily entries of accounts receivable and accounts payable, report monthly and quarterly financials to CEO, filed quarterly state sales tax, review and correspond with international client's purchase orders and invoices. Verified FAA authorization of airline components, audit the aeronautical device's historical record and trace any discrepancy or accidental circumstances.
Phil Stooksbury’s Education
-
California State University-Fullerton - College of Business and Economics
BS in Business Administration , Accounting and minor in Economics , 2000 — 2004
- Activities and Societies:
- Accounting Society, Economics Association
-
California State University of Fullerton
Bachelor's of Science , Business Administration
Phil Stooksbury’s Contact Settings
Interested In:
- career opportunities
- consulting offers
- new ventures
- job inquiries
- expertise requests
- reference requests
