Michael Di Somma

Michael Di Somma

Accounting Supervisor
Location: Rancho Santa Margarita CA
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MICHAEL A. DI SOMMA 10 Silkwood Lane Rancho Santa Margarita, CA 92688 mdisomma77@yahoo.com (949) 903-4317 OBJECTIVE: ? To use my accumulated experience and MBA in a role with a company that will offer me an opportunity for growth, contribution and advancement. EXPERIENCE: Strategic Storage, LLC. Ladera Ranch, CA Accounting Supervisor December 2010 – Current ? Supervises a staff of six accountants to ensure timely and accurate financial statement preparation for senior management for a portfolio of 120+ properties ? Integral part of monthly financial statement preparation streamlining process creating efficiencies and reducing cycle time ? Works closely under a CPA in fully documenting policies and procedures for SOX compliance and dissemination to property accountants ? Liaison between external auditors and accountants to quickly and accurately provide audit requests ? Supervises loan covenant requirements with lenders for encumbered properties/portfolios ? Prepares the monthly, quarterly and yearly financial statements for a portfolio of international facilities; including ground-up development properties ? Prepares variance comments in cooperation with property management analyzing actual financial results to budget ? Performs the financial statement consolidations with variance comments for senior management for three portfolios made up of 37 properties ? Works closely with regional managers and property staff in proper handling of accounting policies ? Responsible for oversight and review of cash management functions such as initiating wire transfers, fund requests, and reconciling cash balance ? Prepares annual budgets and budget reprojections ? Treasury experience including establishing complex banking structures among properties ? Assists with special projects from Controller/CFO including property audits, assistance with, property acquisitions, treasury functions, financial statement filings and various miscellaneous reports RREEF North America, A Member of the Deutsche Bank Group Costa Mesa, CA Accountant April 2007 – December 2010 ? Manages the financial statements for a portfolio of ten commercial real estate properties with greater than 200 tenants ? Prepares variance comments in cooperation with property management analyzing actual financial results to budget ? Prepares annual budgets and budget reprojections ? Properly maintains tax books including, fixed asset entry and monthly depreciation and amortization ? Charts fixed asset acquisition and progress through the Capital Expenditure Status Report ? Responsible for oversight and review of cash management functions such as initiating wire transfers, fund requests, and reconciling cash balance ? Responsible for bank statement reconciliation ? Prepares recovery schedules and prepares tenant year-end reconciliation billings ? Responsible for the oversight and review of AP invoice input, check run processing and cash receipts processing Zieman Manufacturing Co. Laguna Hills, CA Staff Accountant May 2005 – April 2007 ? Prepared and analyzed financial statements for three manufacturing plants with annual sales in excess of $31 million ? Managed and analyzed plant financial statements with multiple and differing product lines ? Performed month-end and year-end closing duties, including accrual entries ? Assisted controller with physical inventories in accordance with GAAP & Sarbanes Oxley testing ? Analyzed and reconciled general ledger accounts ? Assisted controller with various accounting projects including acquisition due diligence ? Advised plant accounting staff on day-to-day procedures ? Completed bank reconciliations for three plants ? Worked as a communication liaison with the corporate office in Indiana and the plant managers in California Residential Finance America Irvine, CA Jr. Staff Accountant January 2005 – May 2005 ? Recorded entries into general ledger ? Reconciled Provident Bank account ? Entered accounts payable into AccPac ? Complied and paid state and federal taxes for branches EDUCATION California State University Long Beach, CA MBA with an option in Finance December 2004 Graduate GPA: 3.20 California State University Long Beach, CA BA, English December 2000 Graduated cum laude, GPA: 3.9 PERFORMANCE SKILLS ? Advanced computer skills ? Self-motivated with a high degree of initiative and follow through ? Team player who can excel in a dynamic environment ? Excellent communication skills ? Good at analyzing inefficiencies and implementing a corrective course of action FUNCTIONAL SKILLS Great Plains, FrX, Yardi, CTI, rPay, Navision, Citrix, Fixed Asset System (FAS), Excel Jet Reports, Advanced MS-Excel knowledge, AccPac, Accounting Package, AS400, MS-Access, MS-Word, MS-Outlook

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