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To us it's simple...

"Do things the right way. For the right reasons. Good things will follow."

Client Given Gift of Time - Loan Staff Services

Client: Large Publicly-Held Commercial Bank

Requirement: Loan Staff Services
 
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Business Situation:

The client’s financial reporting team (responsible for the preparation of the Call Report and SEC reporting) had been running lean all year and had recently experienced additional turnover. With year-end approaching, all staff had been working overtime, including Saturdays, due to their increased workloads. Additionally, the client’s Accounting Policy and Projects Team were in need of additional support for their Chart of Accounts project, as the current account descriptions were not as robust as they could have been and were in need of reformatting. The client was also in need of support in preparing for their year-end audit.

ProNexus Solution:

ProNexus was engaged by the client to provide Staff Augmentation Year-End Services. ProNexus assigned four consultants to act as utility players within the organization and assist where needed. ProNexus was responsible for interfacing with other departments within the organization to update their chart of account descriptions under the direction of the senior management team. ProNexus also supported the finance team with footnote preparation, reoccurring monthly accounting functions – which included loan and fair value footnotes, stock compensation accounting, and low-income equity investment accounting.

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