stephen wachira

Met strict company deadlines by completing daily cash management activities; bank reconciliations, daily money transfers of remittances, funding escrow accounts and preparing all associated journal entries between 50 intercompany accounts for our subsidiaries. Improved student loan service business decisions by providing assistance in determining how to realign resources, through preparation of various financial reports, including income statements and other ad hoc and periodic reports for management and other departments to use.

* Dec 2011-Present Accountant, Navient(Formerly Sallie Mae), Newark, DE * Performed monthly, quarterly and year-end closing activities; preparation and review of reconciliations and journal entries, coordinated communication and resolution of open items, performed ad-hoc research and analysis and General ledger maintenance. * Performed daily cash management activities; bank reconciliations, daily money transfers of remittances and funding of our escrow accounts and preparation of any journal entries that go along with it for over 50 accounts. * Assisted in preparation of various financial reports like income statements and pulling various reports both ad hoc and periodic for management and other departments as required. * Prepared documentation required for ICE testing and both internal and external Audits. * Reconciled over 100 cash and cash-liability accounts. * Accomplishments * Worked as part of a team that was responsible for restructuring of the accounting department which involved consolidation and successful integration of our subsidiary accounting departments.

* Skip traced on borrowers who had defaulted on their loans using Lexis Nexis, in order to assist them in resolving their delinquencies. * Advised borrowers, endorsers and co-signers on repayment and deferment options available including but not limited to implementing forbearances and explaining the interest accrued or capitalized on the account. * Sent the necessary documents to borrowers and acted as a liaison between the borrowers and the processing department to ensure quick and efficient servicing of the account. Accomplishments * I worked as a dialer tactician in a task force position for six months where I was involved with setting up the dialer strategies, trouble shooting, and maintenance of the dialer database.

* Audited daily closed reports and other cash transaction reports for 17 gas station outlets. * Assisted in preparation of balance sheets, income statements and other periodical financial statements. * Reconciled fuel invoices and fuel inventory for 37 company-owned gas stations that represented $15 million in business every month. * Updated journal entries to the general ledger which included running data syncs. * Accomplishments * I was part of an audit team that audited the companies fuel sales volumes to correct a discrepancy on the fuel tax paid to the state saving the company over 1.5 million dollars in fines from the state of Delaware * I led a court ordered post bankruptcy bank reconciliation team that was assembled on short notice finishing the job on schedule and saving the company from dire legal consequences.

Standardized cash application and associated reconciliation processes across all business units to meet departmental and organizational goals, all while initiating and tracking cash flow between 26 Advance Publishing Company Inc. newspaper sub-ledger systems and corresponding banks, reconciling and posting related journal entries on a daily, weekly, and monthly bases to generate various financial reports. Reduced reconciliation process time by 50% through introduction of the pre-reconciliation process on over 100 bank recs, cash clearing recs, and other miscellaneous recs for assigned business units monthly. Processed month-end entries, reviewed and analyzed general ledger accounts related to assigned business units and assisted with additional ad-hoc requests to ensure timely completion of monthly and year-end close reports used in key decision making by management.