1. EDWARD A. CRALLE, MBA
1610 N Mason, Apt 312 Chicago, IL 60639
Chicago Housing Authority, Chicago, IL
Senior Property Accountant, 8/2013 – Present
Produce financial statement packages which includes; balance sheet, income statement,
budget comparison reports, narrative variance report, security deposit reports, budget
revisions, adjusting journal entries, andadjust tenant ledger accounts. Prepare cash position
schedules and cash account reconciliations. Prepare subsidy schedule for all CHA properties.
Prepare interface from Yardi to Lawson accounting systems.
Reconfiguration of Yardi and Lawson accounting systems,
Edit accounting policies and procedures.
Illinois Housing Development Authority, Chicago, IL
Consulting Internal Auditor, 11/2012 – April/2013
Evaluate internal controls, processes, and policies. Follow generally acceptedauditing
standards (GAAS) in testing or reviewing department’s controls. Report problems and perform
evaluations. Participate in entrance andexit conferences. Contribute to audit reporting.
Prepared flow charts to evaluate internal strengths and weaknesses
Performed risk assessments
Used internal controls questionnaires to evaluate internal controls
Tested account balances
Quality Plus Management Services, A division of Harrods Realty, Chicago, IL
Accounting Manager, 09/2006 – 11/2012
Senior Financial Analyst, 07/2000 – 09/2006
Staff Accountant, 05/1998 – 07/2000
Supervisedand prepared all accounting functions for a portfolio of 100-120 commercial,
residential or industrial properties. Reviewedand superviseddisbursements, accounts
receivable and general ledger data. Prepared financial statements, budgets, escalation billings
and other analysis as needed. Function as the primary accounting resource for property
management, property administrators, regional vice president, and vice president-property
Reviewedledger detail, recorded adjusting journal entries, reconciledcapital and tenant
improvements, lease commissions and capitalize when complete. Prepare d monthly
GAAP based financial statements and supporting schedules.
Reviewedand reconciledall property level cash, investment, and disbursement
Managed day-to-day oversight of staffing, accounting operations, checks and balances,
quality control, reporting, training and fixed asset management
Assistedexecutive team with financial modeling including 10 year forecasts, property
returns and buy, sell, hold decisions.
Reviewed tenant receivables balances and activity. Reviewed monthly accounts
receivable sub-ledger close and transfer to general ledger.
MaintainedExcel based audit work paper file, supporting schedules, and trial balances.
Lead the property management department in preparing of monthly variance reports.
Reviewedquarterly budget reforecast for reasonableness and accuracy.
Developed a working relationshipwith property managers and property administrators.
Functioned as a liaison between home office and regional employees. Responsibilities
include answering questions about and ensuring compliance with accounting policies
and procedures, and resolving accounting relatedproblems.
Managed the year-end tax return and K-1 distribution process for the various
partnerships within company
2. Oversaw the accurate preparation of the Profit and Loss Statement, the Balance Sheet
and Cash Flow statements on both a tax basis and cash basis.
Managed a team of accountants (varying experience) Team of 15
WASTE MANAGEMENT, Houston, TX
Divisional Accountant, 07/1997- 04/1998
Responsible for the entire accounting function for five divisions totaling $200 million in gross
revenues per year.
Performed all closing journal entries andaccount reconciliations,
Prepared sales and used tax returns, SEC10Q and SEC10K reports,
Prepared consolidated financial statements,
Analyzed budgetary revenue andexpense variances andreported conclusions to top
THE PARSON GROUP, Chicago, IL
Software Implementation & Accounting management
Contractual Consultant, 02/1991 – 07/1997
Managed accounting projects and accounting information systems.
Assessedclient financial system needs,
Gave client presentations to demonstrate AP and GL feature s,
Developed account structure for system implementations,
Maintained GL and produced financial reports,
Prepared account reconciliations,
Major clients: Allstate – Cash Management, Bond portfolio , Tate & Lyle - SAP implementation,
Paladin – Management of accounting operation, and Waste Management, PeopleSoft
implementation which transitionedinto full-time employment with Waste Management.
GE CAPITAL, Barrington, IL
Field Examiner, 09/1987 – 02/1991
Performed audits on auto dealerships that GE Capital financed.
Performed inventory counts,
Reviewedfinancial statements for accuracy,
Examined Loan covenants with GE Capital,
Ensured Client was in compliance with Loan agreements,
Assessedoverall business risk,
Prepared audit repots.
HILL, TAYLOR & CO., CPA’s - Chicago, IL
Senior Auditor, 08/1983 – 09/1987
Supervisedfinancial and compliance audits primarily in the areas of financial services,
non-profit/governmental, real estate,
Documented internal control functions, narratives, and flow charts,
Developed and reviewedaudit work papers and performed tests when required.
Trainedstaff on various audit techniques,
Createdwork schedules for staff and prepared budgets for top management.
Worked with clients to resolve audit findings,
Prepared written reports for all levels of management, detailing audit findings,
conclusions and corrective actions.
EDUCATION & TRAINING
Bachelor of Science in Accounting,
3. Southern Illinois University, Carbondale, IL
MBA – Accounting & Financial Management, 12/13
Keller Graduate School of Management
PMP Candidate, 2014
GL Applications: Oracle, Platinum, PeopleSoft, Yardi, Lawson, MRI,
Software Applications: Microsoft Excel, Ms Visio, Ms Project, TeamMate, MS Access & MS
Database Applications: Microsoft Access, Crystal & Lotus Approach