Academic Attack 3: Estimated Betas Are Unstable

Academic Attack 3: Estimated Betas Are Unstable

Another problem the theory encounters is the instability of measured betas. One might well be skeptical about the wisdom of relying on beta estimates based on historical data. Beta really looks suspiciously like a tool of technical analysis in academic dress – a bastard cousin of the technicians' charts. And as far as individual securities go, historical betas – used as a basis for predicting future betas and, hence, expected security returns – do not seem to be much more reliable as predictors of security performance than any of the devices cooked up by technical analysis.

In order to see how beta familiarity breeds contempt, we should know how beta is bred in the first place. The typical procedure in estimating betas for an individual stock is ti measure the relationship between the security's past return and the return from the market as a whole. For example, suppose that in the last quarter AT&T's total return (including both dividends and capital gains) was 5 percent and the market return (similarly measured) was 10 percent. We plot this pair of returns on a graph, as is done next.

We can continue the process by measuring the rate of return for AT&T and for the S&P 500 (our proxy for the market) in many other past three-month periods, and we can plot these observations on the same graph. After many pairs of returns for AT&T and for the market have been plotted, a line of best fit (a regression line) is drawn to represent the average relationship between the returns from AT&T and those from the S&P 500 (The regression line is also called a least-squares line, since it is estimated by finding the line that minimizes the sum of the squared vertical distances from each of the black dots to the line). The slope of the regression line (i.e., the ration between the vertical and horizontal sides of a right triangle having the regression line as its hypotenuse) is our measure of the security's historical beta. In this example, we get a beta estimate for AT&T of ½, or 0.5, as shown in the chart. This means that AT&T has been about half as volatile as the overall market, and the assumption is that it will continue to be so in the future. It is clear why this last assertion may be wrong. After the divestiture of 1983 and with deregulation of the telecommunications industry, AT&T is not the same company as it previously was. Even without such major changes affecting the characteristics of the company's stock, some unforeseen event(s), not reflected in past returns, may decisively affect the security's future returns.

Elk. Photo by Elena

To illustrate this hazard in measuring an individual stock's beta, consider the following example : During some periods in the 1960d, Mead Johnson and Company (now part of Bristol-Myers Company) had a measured beta that was negattive; it tended to move against the marker, and thus appeared to be preceisely the kind of stock investors would seek to reduce the risks of their portfolio. But looking behind the reasons for this measured beta's being less than zero did not give one very much comfort that the beta for the future – which is after all what is really relevant – would turn out to be anything like the beta from the past.

What happened in the Mead Johnson case was that in 1962 the company came out with a marvelous new product that became an instant best-seller. The product, called “Metrecal,” was a liquid dietary supplement. Consumers were urged to have a can of Metrecal rather than their normal lunch. Metrecal would provide all the vitamins and nutrients needed for health with few of the calories that usually went along with lunch. An so, in 1962, as Americans became more diet-conscious, drinking Metrecal became quite a fad, and the earnings and stock price of Mead Johnson climbed sharply at precisely the time the stock market was taking one of its worst baths since the Great Depression.

Like most fads, the Metrecal boom did not last very long; by 1963 and 1964, just when the general stock market was recovering, Americans got pretty sick and tired of drinking Metrecal for lunch, and the big boost in earnings and stock prices that Mead Johnson had earlier enjoyed began to fade away.

Later in the 1960s, just about the time the market took another slump, Mead Johnson came out with another new product. This one was called “Nutrament.” Nutrament was a dietary supplement that was supposed to put on weight, and skinny teenagers bought it by the case to improve their appearance. Yes, you guessed it! Nutrament was the same product as Metrecal except that if you drank Nutrament in addition to lunch you could put on weight, rather than lose it. Again, Mead Johnson prospered while the market slumped, and it is this unusual combination of circumstances that produced the negative betas of the period.

The problem is, of course, whether such a fortuitous string of events could reasonably be anticipated to occur in the future. On a priori grounds we would expect not. Indeed, what was in fact measured was anything but a systematic relationship with the market. Of course, this is precisely the problem in predicting betas on the basis of past experience. Any changes in the economy, in the characteristics of an individual company, or in the competitive situation facing the company can be expected to change the sensitivity of the company's stock to market fluctuations. It would be surprising to discover that betas of individual stocks did not vary widely over time. In fact, they do vary. The Mead Johnson example is not just an isolated case, the exception that tastes the rule.

Marshall Blume, a professor at the Wharton school of Finance, conducted several tests of the stability of historical beta estimates. He found that the smaller the number of securities in the portfolio, the weaker the relationship between portfolio betas for consecutive periods. For a portfolio of one security, the earlier beta is a very poor predictor of the beta in the second period. Past betas are not useful predictors of future betas for individual stocks. Better productive power is obtained from betas calculated for portfolios containing larger number of stocks. Thanks to the law of large numbers, the number of inaccurate beta estimates on individual  stocks can be combined to form a much more accurate estimate of the risk of the portfolio as a whole. While the beta estimates for some securities will be much too high, the estimates for many others will be too law.

Mutual-fund betas are not quite as easy to predict from period to period as are betas for unmanaged portfolios, because fund managers will often deliberately change the risk composition of the portfolio. Still, the general investment objective of the fund (e.g. growth, stability, etc.) does put a limit on the degree of change possible, and mutual fund betas also tend to be far more stable from period to period than are the betas for individual stocks. Still, the general conclusion that should be drawn from this discussion is that historical betas may be quite imperfect indicators of future betas. The people who oversold beta as a useful tool in predicting the behavior of individual stocks did the new investment technology a great disservice. In judging risk, beta cannot substitute for brains. Many beta boomers, however gone to great lengths to legitimize their technical bastard.   

Playing the Odds When You’re 65

Playing the Odds When You’re 65

Age insurance: Premiums are expensive, and benefits could be a long way away

If you’re 65, there’s slightly more than a 60 percent chance you’ll never collect anything from a long-term care policy. There’s a 75 percent chance that you’ll need care for less than a year, and chances are, you will have the resources to pay for it. On the other hand, there’s a chance that you or your spouse will need nursing care for five years or more. That bill could wipe you out.

Even so, long-term care coverage is expensive, and policies are often full of loopholes that allow insurers to avoid paying claims. No wonder few people over 65 have ponied up.

Long-term care insurance isn’t for everybody. In fact, it isn’t for most people. This kind of insurance only makes sense for people who have assets to protect, specifically those whose net worth, excluding their house, is roughly between $100,000 and $1 million. With less, you’re denying yourself Medicaid assistance that you would be entitled to if you had no insurance. If your assets are above that range, you’d probably be better off saving the money you would pay in premiums and being prepared to pay for any care out of your savings.

Age Insurance. Photo by Elena

The best time to buy a long-term care policy is probably when you`re in your 60s, before premiums skyrocket. But you`ve got to be prepared for the long haul. The average age for nursing home admittance is 81 for men and 84 for women. Here we cite factors to consider when buying a policy:

What’s covered: Some companies will only dole out money for medical problems. Experts recommend a company that provides more than medical attention, such as assistance with bathing, dressing, eating, moving, going to the bathroom, or in the case of Alzheimer’s, constant supervision.

Home care; Many people would prefer to avoid nursing homes. Insurance companies have begun offering limited care outside of institutions.

However, most polices only pay a flat dollar amount per day, which may only cover a few hours of care.

Benefit amount: Check out the costs of nursing homes in your area to determine the appropriate daily benefits. For example, if they charge $125 a day, you might want to insure yourself for $110 a day and cover the remainder from your own income.

Benefit period: The majority of nursing home stays are less than three or four years, so you may want to park your premium by changing a shorter time period.

Elimination period: This is your deductible, measured in the number of days of care you pay for before the insurance company kicks in its share. Experts recommend 20 to 100 days.

Inflation protection: For buyers under age 70, experts recommend purchasing a policy that increases your benefit amount by 5 percent each year.

Otherwise your fixed daily benefit could shrink in proportion to the real cost of care over the years.

Average age of admission to a nursing home: men – 81 years old, women – 84 years old.

Who will care for you if are disables you: Spouse – 35.6%, daughter – 32.6%. Son – 17.1%. Other – 14.7%.

What are your chances of a nursing home stay? Length of stay, at least one day, men – 33%, women – 52%. 3 months or more, men 22%, women 41%.

1 year or more, men 14%, women – 31%. More than 5 years. Men – 4%, women – 13%.

Who pays for nursing home care? Medicaid – 47.4%. Private pay – 43.1%. Medicare – 4.4.%. Other – 5.1%.

Having Trouble With a Claim?

Having Trouble With a Claim?

Just when you thought things couldn’t get any worse…

It’s bad enough that your car’s been smashed, your house broken into, or you’ve suffered some other unfortunate calamity. Now, you have to face your insurance company. The good ones make it almost painless. But, if you’re having difficulty getting a fair claim settlement, the consumer Federation of America’s Insurance Group suggests the following:

Keep good records. When you have a claim, keep a file on what happens. Write down who said what and when. It could mean thousands of dollars later because the company, the state insurance department, and any attorney you might go to will need clear facts to work with.

Contact your insurance company: It is best to do this in writing and to insist that your company reply in writing so that you have documentation of the course of events Ask for your company’s position on the situation. Do not send your original policy or any original policy materials. Send copies If you find that your company is not responding in a fair manner, then go to the next step.

Don’t give up. One important thing to know is that since the company writes the insurance policy language, if it is unclear to you if they are correct in denying your claim, you probably will win in court. Courts hold that any ambiguity in the policy language is held against the insurance company. If you’re reasonable in reading the clause the company says it is relying upon to deny your claim, and you don’t agree with them, hang in there: you should win.

The Ryerson Institute of Technology was founded in 1948, inheriting the staff and facilities of the Toronto Training and Re-establishment Institute. In 1966, it became the Ryerson Polytechnical Institute.. Photo: Elena

Contact your state insurance department. Each state’s insurance department has a section to address consumer complaints. They may not take your side in every dispute, but they can make sure the company is responsive to your complaint. When you write to them, send copies of all correspondence ebetween you and your company. Give the name of the company and the policy number. Do not send your policy; send a copy if the insurance department needs it. If you are not receiving a satisfactory response, you have a third option.

Go to small claims court or to a lawyer. If your claim is small, a small claims court, where you can be your own lawyer, may be your best bet. For major claims, it may pay to use a lawyer. In some states, if insurer behavior is particularly abusive, you may be able to collect additional money if a court finds the insurer acted improperly.

Expert tip: If you have an accident: Call medical help for anyone who may be injured, call the police, and don’t leave the accident scene before they arrive. Get the name, address, phone number, insurance company, and driver’s license number of anyone who was involved. Get the names and addresses of anyone who saw the accident. Notify your insurance agent or company immediately. Write down details of the accident and get a copy of the police report. Save copies or everything.

Academic Attack #1: Theory Does Not Measure Up to Practice

Academic Attack #1: Theory Does Not Measure Up to Practice

Recall that the CAPM could be reduced to a very simple formula : Rate of Return = Risk-free Rate + Beta (Return from Market – Risk-free Rate).

Thus, a security with a zero beta should give a return exactly equalto the risk-free rate. Unfortunately, the actual results don't come out that way.

This damning accusation is the finding from an exhaustive study of all the stocks on the New York Stock Exchange over a thirty-five year period. The securities were grouped into ten portfolios of equal size, according to their beta measures for the year. Thus, Portfolio I consisted of the 10 percent of the NYSE securities with the highest betas.Portfolio II contained the 10 percent with the second-highest betas, etc. The chart shows the relation between the average monthly return and the beta for each of the ten different portfolios (shown by the block dots on the chart) over the entire period. The market portfolio is denoted by O, and the solid line is a line of best fit (a regression line) drawn through the dots. The dashed line connects the average risk-free rate of return with the rate of return on the market portfolio. This is the theoretical relationship of the CAPM that was described earlier.

If the CAPM were absolutely correct, the theoretical and the actual relationship would be one and the same. But practive, as can quickly be seen, is not represented by the same line as theory. Note particularly the difference between the rate of return on an actual zero-beta common stock or portfolio of stocks and the risk-free rate. From the chart, it is clear that the measured zero-beta rate of return exceeds the risk-free rate. Since the zero-beta portfolio and a portfolio of riskless assets such as Treasury bills have the same systematic risk (beta), this result implies that something besides a beta measure of risk is being valued in the market. It appears that some unsystematic (or at least some non-beta) risk makes the return higher for the zero-beta portfolio.

Furthermore, the actual risk-return relationship (examined by Black, Jensen, and Scholes) appears to be flatter than that predicted by the CAPM; low-risk stocks earn higher returns, and high-risk stocks earn lower returns, than the theory predicts. (This is a phenomenon much like that found at the race track, where long shots seem to go off at much lower odds than their true probability of winning would indicate, whereas favorites go off at higher odds than is consistent with their winning percentages). Shrewd old Adam Smith recognized this way back in 1776 when he wrote, “The ordinary rate of profit always rises more or less with the risk. It does not, however, seem to rise... so as to compensate it completely.”

Theory and Practice. Photo by Elena

Systematic Risk (Beta) vs. Average Monthly Return for Ten Different-Risk Portfolios, and the Market Portfolio, for 1931 – 1965.

Average monthly return (%) Actual relationship – Theoretical realationship – Risk-free rate of return – market portfolio. Systematic Risk (Beta). Source: Black, Jensen, and Scholes, The Capital Asset Pricing Model: Some Empirical Tests, in Studies in the Theory of Capital Markets, ed. Jensen, 1972.

(Fisher Black attempted to explain these discrepancies between theory and evidence by pointing out that with uncertain inflation, the future real value of any dollar return is also uncertain. Hence, what we have been calling the risk-free rate is actually a risky real rate of return. Indeed, when inflation is taken into account a truly riskless asset does not exist. It is therefore not surprising that the procedure of drawing a line from some supposedly risk-free return through the market portfolio (as in the theoretical relationship depicted in the chart above) does not represent the actual relationship between returns and beta.

Black argues that the true relationship between risk and return can be described by the following equation:

Rate of return = Zero-beta return + Beta (Return from Market – Zero-beta return).

He finds that the data better support this version of the CAPM.  It is, however, still subject to many of the other problems).

Batting for Beta: The Supporting Evidence

Batting for Beta: The Supporting Evidence

Tesis of the capital-asset pricing model have tried to ascertain if security returns are in fact directly related to beta, as the theory asserts, we have already presented some data on this question. Here we would like to present some additional evidence.

The enthusiasm for beta and for the CAPM in which it is wrapped has been fueled by charts, such as the chart that show the relationship over a twenty-year period between the performance of a large number of professionally managed funds and the beta measure of relative volatility.  It is because the numbers are averages of many funds that the relationship between risk and reward is so tight. Still, the results appear to be quite consistent with the theory. The portfolio returns have varied positively with in (almost) a straight0line manner, so that over the long pull, high-beta portfolios have provided larger total returns than low-risk ones.

The relationship is exactly as predicted by the theory. In “up” years, the high-beta portfolios well outdistanced the low-beta ones. It was the high-beta portfolios that took the real drubbings in the bear-market periods of the 1970s. Of course, this is precisely what we mean by the concept of risk, and this is why betas for diversified portfolios appear to be useful risk measures.

The possibility of obtaining higher returns over the long pull from higher-beta portfolios is perfectly consistent with the random-walk and efficient-market notions. The efficient-market theory asserts that there is no way to gain superior performance (that is, extra returns) for a given level of risk. The beta advocates say that the only way to gain extra returns is to take on more risk. But this is hardly an inefficiency in the market. It is the natural expectation in a market where most participants dislike risk and therefore must be compensated (reawarded) to bear it.

Batting for beta... Photo by Elena

Being Bearish on Beta: Some Disquieting Results

Like just about everything in life, beta may work well some of the time, but it certainly doesn't live up to its press billings all of the time. Burrowing away at the statistical base of the capital-asset pricing model, the beta bears have uncovered major flaws. The evidence contradicting this fundamental part of the new investment technology has sent some practitioners and academics off in search of ways to improve the CAPM. And even some institutional investors who in the past swore by the model began disavowing it altogether by the late 1980s. In order to understand this reaction, we need to examine the academic studies that led to beta's fall from grace, at least in the minds of some academics and professionals.

The Current State of the Art: Beyond Beta

The Current State of the Art: Beyond Beta

In Shakespeare's Henry IV, Glendower boasts to Hotspur. “I can call spirits from the vasty deep.” “Why, so can I or so can any man,” says Hotspur, unimpressed; “But will they come when you call for them?” Anyone can theorize about how security markets work, and the capital-asset pricing model is just another theory. The really important question is: Does it work?

Certainly, many institutional investors have embraced the beta concept, if only in an attempt to play down the flamboyant excesses of the past. Beta is, after all, an academic creation.What could be more staid? Simply created as a number that describes a stock's risk, it appears almost sterile in nature. True, it requires large investments in computer programs, but the closet chartists love it. Even if you don't believe in beta, you have to speak its language because back on the nation's campuses, my colleagues and I have been producing a long line of Ph.D.s and MBAs who spot its terminology.

By the early 19803. according to a Wall Street Journal article, bet had become so popular that it underlay the investment rationale for $65 billion in U.S. Pension funds. Beta also appeared to provide a method of evaluating a portfolio manager's performance. If the realized return is larger than that predicted by the overall portfolio beta, the manager is said to have produced a positive alpha. Lots of money in the market sought out the manager who could deliver the largest alpha.

But is beta a useful measure of risk? Do high-beta portfolios always fall farther in bear markets than low-beta ones? Is it true that high-beta portfolios will provide larger long-term returns than lower-beta ones, as the capital-asset pricing model suggests? Do present methods of calculating beta on the basis of past history give any useful information about future betas? Does beta alone summarize a security's total systematic risk, or do we need to consider other factors as well? In short, does beta really deserve an alpha? These are subjects of intense current debate among practitioners and academics, and not all the evidence is in as yet. We can review the available evidence and discusses the current state of thinking on the new investment technology.

Result of good investments. Photo by Elena

Searching for the Investment Grail

Our guess is that the “turncoat quant” is wrong. The unearthing of serious cracks in the CAPM will not lead to an abandonment of mathematical tools in financial analysis and a return to traditional security analysis. The evidence that supports the efficiency of capital markets and the existence of what is usually a positive relationship between measured risk and return is far too abundant for anyone to reject the new investment technology out of hand. And since academics and practitioners have already made substantial progress in building better theories of the risk-return relationship, the practical consequence of the failures of the CAPM is likely to be more discriminating risk measurement, with the use of even more quantitative tools in risk analysis – not less. Will give the flavor of some of the new approaches to security pricing that have been developed as alternatives to the CAPM, and will present their practical meaning to investment analysts.

The Quant Quest for Better Measures of Risk: Arbitrage Pricing Theory

One of the pioneers in the field of risk measurement is the Yale School of Management's finance wunderkind, Stephen Ross. Ross has developed a new theory of pricing in the capital markets called APT, or arbitrage pricing theory. APT has had wide influence both in academic community and in the practical world of portfolio management, To understand the logic of the newest APT work on risk measurement, one must remember the correct insight underlying the CAPM: The only risk that investors should be compensated for bearing is the risk that cannot be diversified away. Only systematic risk will command a risk premium in the market. But the systematic elements of risk in particular stocks and portfolios may be too complicated to be capturable by a measure of beta – the tendency of the stocks to move more or less than the market. This is especially so since any particular stock index is a very imperfect representative of the general market. Hence, many quants now feel that beta may fail to capture a number of important systematic elements of risk.

Let's take a look at several of these other systematic risk elements. Changes in national income, for one, may affect returns form individual stocks in a systematic way. This was shown in our illustration of a simple island economy. Also, changes in national income mirror changes in the personal income of individuals, and the systematic relationship between security returns and salary income can be expected to have a significant effect on individual behavior. For example, the laborer in a Ford plant will find a holding of Ford common stock particularly risky, since job lay-offs and poor returns from Ford stocks are likely to occur at the same time. Changes in national income may also reflect changes in other forms of property income and may therefore be relevant for institutional portfolio managers as well.

Changes in interest rates also systematically affect the returns from individual stocks and are important non diversifiable risk elements. To the extent that stocks tend to suffer as interest rates go up, equities are a risky investment, and those stocks that are particularly vulnerable to increases in the general level of interest rates are especially risky. Thus, many stocks and fixed-income investments will tend to move in parallel, and these stocks will not be helpful in reducing the risk of a bond portfolio. Since fixed-income securities are a major part of the portfolios of many institutional investors, this systematic risk factor is particularly important for some of the largest investors in the market. Clearly, then, investors who think of risk in its broadest and most meaningful sense will be sensitive to the tendency of certain stocks to be particularly affected by changes in interest rates.

Changes in the rate of inflation will similarly tend to have a systematic influence on the returns from common stocks. This is so for at least two reasons. First, an increase in the rate of inflation tends to increase interest rates and thus tends to lower the prices of equities, as just discussed. Second, the increase in inflation may squeeze profit margins for certain groups of companies – public utilities, for example, which often find that rate increases lag behind increases in costs. On the other hand, inflation may benefit the prices of common stocks in the natural-resource industries. Thus, again there are important systematic relationships between stock returns and economic variables that may not be captured adequately by a simple beta measure of risk.

Statistical tests of the influence on security returns of several systematic risk variables have shown promising results. Better explanations than those given by the CAPM can be obtained for the variation in returns among different securities by using, in addition to the traditional beta measure of risk, a number of systematic risk variables, such as sensitivity to changes in national income, in interest rates, and in the rate of inflation. Of course, the evidence supporting many-risk-factor models of security pricing has only begun to accumulate. It is not yet certain how these new theories will stand up to more extensive examination. Still, the preliminary results are definitely encouraging.

If, however, one wanted for simplicity to select the one risk measure most closely related to expected returns, the traditional beta measure would not be my first choice. The best single risk proxy turns out to be the extent of disagreement among security analysts' forecasts for each individual company. Companies for which there is a broad consensus with respect to the growth of future earnings in dividends seem to be considered less risky (and hence have lower expected returns) than companies for which there is little agreement among security analysts. It is possible to interpret this result as contradicting modern asset pricing theory, which suggests that individual security variability per se will not be relevant for valuation. The dispersion of analysts' forecasts, however, may actually serve as a particularly useful proxy for a variety of systematic risks.

Consider, for example, two companies. One a machinery manufacturer, is heavily in debt and extremely sensitive to systematic influences. The other, an all-equity pharmaceutical firm, is quite insensitive to economic conditions. It could be that Wall Street analysts agree completely on how economic conditions will affect the companies, but differ greatly on their economic forecasts. If so, there could be a big dispersion in earnings forecasts for the machinery manufacturer (because of the difference in economic forecasts and the extreme sensitivity of the company to economic conditions) and very small differences in the forecasts for the drug company (because economic conditions have little effect on that company). Thus, if two different analysts have very different forecasts for GNP, inflation, and interest rates, a highly debt-leveraged company in a heavy industry would be greatly affected by differences in underlying economic forecasts, while an unleveraged drug company might show no effect whatsoever. Hence, differences in analysts' forecasts could be a most useful proxy for systematic risk in the broadest sense of the term.

While we still have much to learn about the market's evaluation of risk, I believe it is fair to conclude that risk is unlikely to be captured adequately by a single beta statistic, the risk measure of the CAPM. It appears that several other systematic risk measures affect the valuation of securities. In addition there is some evidence that security returns are related to size (smaller firms tend to have higher rates of return) and also to price-earnings multiples (firms with low P/Es tend to produce higher returns). Whether individual risk plays any role at all in the valuation process is still, however, an open question.

Individual security variability does play a role in the valuation process. This would not be hard to explain. Because of transaction and information costs, a large number of individual portfolios may not be diversified. Individuals own between one-half and two-thirds of all NYSE stocks and an even larger fraction of stocks traded on other exchanges. Thus, these security holders might well be concerned with the variability of individual stocks. Even well-diversified institutional investors may worry about the behavior of individual stocks when they must report to finance committees the breakdown of their performance results over the preceding period. Still, there is a powerful argument on the other side. Any role in the valuation process that may consistently be provided by individual security variability will create an arbitrage opportunity for investors able to diversify widely. It is difficult to believe that these arbitrage opportunities will not eventually be exploited and “true value will out”.

Beyond Beta. Photo by Elena.

Various Samples of Cover Letters

Samples of Cover Letters and CVs for Controller

• Corporate Controller Senior Financial Professional CV
• Controller Resume Submission
• Credit Controller Supervisor / Analyst
• Financial Controller Curriculum Vitae, Sample
• Senior Controller Resume
• Controller
• Assistant Controller CV
• CFO/Controller
• Controller - Consultant
• Director of Finance - Controller
• One more Director of Finance - Controller
• Curriculum Vitae: Financial Controller
• Senior-Level Management : Controller
• Credit Controller
• Controller - Different Letters of Presentation
• Corporate Controller Cover Letter and CV
• Senior Accountant Cover Letter and CV
• Controller Position : Cover Letter and CV

Corporate Controller Senior Financial Professional CV

Senior financial professional with 12 years of progressive experience in finance and accounting including 8 years in managerial capacities. Self-starter with strong analytical, organizational, and communication skills. Proven ability to successfully operate within demanding and rapidly changing environments. Solid interpersonal skills and cross-functional team interactions coupled with effective leadership abilities.

AREAS OF EXPERTISE:

    Financial Planning & Analysis

    Cash Management

    IT Management

    Systems Implementation

    Process Improvement

    Cost Containment

    Financial Controls

    Foreign Currency Transactions

    Budgeting and Forecasting

    Key Performance Metrics

PROFESSIONAL EXPERIENCE:

Controller, Stamford, Ca 08/07 – Present

Abuelo Anejo

Luxury consumer goods brand with wholesale distribution, retail, and e-commerce divisions

    Oversee accounting and finance functions (financial statement preparation and reporting, cost accounting, accounts payable, accounts receivable, cash management, foreign currency exchange, budgeting, forecasting, payroll and 401k administration).

    Recruit, train, motivate and develop a direct staff of 60.

    Oversee the IT department and financial information systems.

    Liaise with external CPA firm and lenders.

    Assist operations and purchasing managers in operations planning.

Selected Contributions:

    Led the financial implementation of Microsoft Dynamics NAV ERP software and data warehouse to enhance efficiencies, reporting, and profitability.

    Saved an additional 10% of shipping costs though competitive bidding (approximately $180,000 in the first year).

    Instituted cash forecasting to better predict the company’s cash needs.

    Began foreign currency hedging transactions to reduce volatility of fluctuating exchange rates.

    Implemented process improvements to credit and collections to drive DSO down from 90 days to 5 days improving cash flow.

    Created annual budgeting and forecasting process.

    Setup first in-house IT department and eliminated expensive outsourced IT services.

    Reduced computer hardware expenses by 50% by purchasing off lease business equipment.

    Helped increase sales at industry tradeshows by 10% by implementing a wireless showroom scanning system (increase of $160,000 in the first year).

Regional Accounting Supervisor, Claro, VT 04/02 – 08/10

Group Financial Statement Supervisor, Wayne NJ

Enterprise Rent-A-Car

    Selected, trained, motivated, and developed a direct accounting staff of 6.

    Supervised the accounting department daily operations (General Ledger, Accounts Payable, and Accounts Receivable).

    Assisted the Controller in preparation of the annual forecast to support corporate strategic planning efforts.

    Oversaw and planned the financial statement preparation processes.

    Calculated profit and non-profit based compensation bonuses.

    Filed multiple state sales and use tax returns.

    Lead operational compliance audits.

Selected Contributions:

    Awarded a Business Management Exceptional Achievement Award (awarded to the top 5% of the company).

    Contributed to 10 employee promotions (7 to Accounting Supervisor and 3 to Financial Statement Analyst).

    Maintained GAAP compliant financial statements with no year-end audit comments from the audit team.

Staff Accountant, Atlanta, GA 01/99 – 03/01

Enterprise Rent-A-Car

    Oversaw and planned the financial statement preparation processes.

    Prepared variance analysis and bank reconciliations.

    Responsible for the daily processing of the accounts receivable and accounts payable.

    Involved in the training, motivation and development of the accounting staff.

    Assisted with operational compliance audits.

EDUCATION AND CERTIFICATIONS:

Keller Graduate School of Management – MS, Accounting and Finance, 2002

North Carolina State University – BS, Business Management and Finance, 1998

Certified Public Accountant, 2011

TECHNICAL EXPERIENCE:

Microsoft Dynamics NAV, PeopleSoft Financials, Microsoft Dynamics RMS, Microsoft Office, AS400, Data Warehouse, Microsoft SQL, EDI, ADP Payroll.

Good job! Photo by Elena

Controller Resume Submission

Narin Bohemienne

18 W. 45th Street, 4nd Floor, New York, NY 555555

Email: sanar@eartlink.net; Phone: (555) 555-9009

Executive with 15 years of diverse and progressive experience in P&L management, business development, strategic planning, cost control, business integration, financial reporting and restructuring. Exceptional organizational, analytical and communication skills. Team player with proven leadership.

Experience

2011 – current position Kristina Kirchner inc.  Miami, Fl.

Principal – CFO/Controller Services.

    Provide a broad scope of accounting and financial management services to early stage companies.

    Consult on cash and asset management and provide help in obtaining credit facility.

    Consult on budgeting and strategic business planning.

    Advise on improvement in the quality and timeliness of monthly financial statements.

    Perform “fiscal physical” to identify cost savings. ERP system diagnosis and implementation.

2008 - 2011    Pinguino FOODS, inc.  Miami, Fl

Controller – Organic Baby Food Manufacturing Company.

    Responsible for all accounting, financial reporting & analysis, sales revenue projection, interpretation of accounting guidelines for the company, establishment of internal controls, financial policies & procedures, risk management, working capital management & transactions.

    Ensured monthly reporting is on time and up to standard; all variances fully investigated and understood.

    Shortened monthly reporting time from 15 days to 6 days.  Educated board members to better understand, develop and use various reports for strategic business decisions.

    Shortened DSO to increase net cash inflow and eliminate fines and penalties imposed by governmental and union bodies.  Monitored cash and asset management to procure credit facility.

    Directed monthly close procedures, cutoff controls, acct reconciliation, accruals & exp adjustments.

1998-2006  Desjardins Bank. Montreal, Canada

Vice President, Financial Planning and Reporting – Global Dynamics Services.

    Built essential communication with senior financial officers of the respective strategic business unit to bring an efficient approach towards the financial planning and reporting process, including design of the monthly financial reporting.

    Supported in the financial restructuring from Bankers Trust legacy to Desjardins Bank including integration of the former BT and DB portfolios of the Global Dynamics business.

    Supported business heads in the establishment of the financial objectives for the businesses and developed a process to track progress towards those objectives.

    Performed complex financial analyses designed to control the business and provided critical decision making MIS.

1996-1998 ING CAYA/ABN AWRO.  New York, NY

Vice President, Financial Administration and Contract Management – Information Technology.

    Directed and managed financial admin functions and team for Jo Lupo integration project  ($34m budget) including advancement of financial and managerial accounting process, budgetary control and financial reporting including:

- Development and implementation of model/methodology for allocating project spend, including all accounting requirements and database updates for distributing depreciation expense for assets placed in service.

- Managed relationship with Corporate Financial Control regarding all project financial processes and general ledger requirements.

- Ensured compliance with documented procedures.

    Managed contracts administration processes in accordance with the project’s procurement schedule

1992-1996 MORGAN PANAMA & CO.  San Francisco, CA

Vice President, Finance and Operations – Information Technology.

    Directed 200 – person financial control unit with an annual budget of $75 million.

    Substantially streamed lined operations and achieved a 15% reduction in expenses.

    Collaborated with Managing Directors of respective silos to customize management reports resulting in improved company-wide decision making and planning process. This included the reengineering of the financial processes.

    Built and maintained a model to track, forecast and analyze headcount requirement by silos; reviewed headcount reporting with senior management on a weekly basis.

1989-1992 Arnold Schwartz Inc.  San Diego, VT

Senior Manager, Financial Planning & Reporting Analysis.

    Evaluated business strategies, assessed resulting financial needs and developed finance alternatives to determine company valuation.

    Developed complex models to determine company valuation, such as the 5 year revenue model. This model calculates asset growth and revenues for the multiple-channel enterprise of the  401(K) business unit.

    Performed strategic profitability analysis for the 401(K) business using a custom designed application called MUSE, the model for understanding Arnold Schwartz economics, an activity based costing model.

- Influenced strategic, marketing and operational decision making through profitability-based analysis.

- Lead economic modeling efforts on 401(K) business strategy project.

    Managed the creation/coordination of the annual and multi-year business plans; performed general financial management function related to the enterprise; produced quarterly regulatory reporting for the State Banking Department.

    Built and maintained models to track, forecast and analyze productivity, profitability and operating results of each business unit.

    Responsible for the review and overhaul of all management reports to bring a more analytical dimension.

1982-1988 Captain Dreyfus and Co. Paris, France

Senior Financial Analyst, Financial Planning & Reporting Analysis – Corporate Finance

    Developed an analytical model which calculated management fee phase-ins for Dreyfus funds.

    Wrote reports for profitability by products, variance analysis for cost centers, allocation of costs, financial ratios, etc.

    Managed the preparation of Corporation’s annual business plan and the periodic updates of projection estimates.

    Prepared financial information package for the Corporation’s Board of Directors meeting.

    Prepared SEC reporting such as the 10-Q(quarterly) and 10-K(annual) reports on a recurring basis.

Education Paris College, France

1978-1982 B.A. – Cum Laude in Business Management.

Teaching Assistant – Mathematics and BASIC programming.

President – International Student Organization.

Awards National Dean’s Honor.

Proficiency Excel, Hyperion Essbase, SAP, Oracle, PeopleSoft G/L, Xtuple, QuickBooks, Rational Database.

Additional Working knowledge of four languages. Enjoy literature and fine arts. Knowledge of Western Europe and Asia.

Credit Controller Supervisor / Analyst

To obtain a challenging position in customer service focusing on operations, strategic management and in the area of business where my qualifications and practical experience can be put to good use.

Work Experience

Credit Controller Supervisor / Analyst

San Jacinto College

Missisauga, On

Mai 2012 to Present

Department: Account Receivable Department

Springfield, PA

Start/End Date: February 2015 - Current

Position: Credit Controller Supervisor / Analyst

Responsibilities:

    Managing customer ledger of 1400+ for major branches.

    Liaising professionally with external and internal customers.

    Reconciliation of customer accounts.

    Promptly attending to customer issues in relation to service and disputes.

    Monitoring of payment arrangements via EFT, cheques and major credit cards.

    Provide monthly statements to all customers (automated).

    Taking appropriate action on account holders who have exceeded trading terms. E.g. reminder letters, demand letters and final demands.

    Managing the risk in relation to debt exposure.

    Reporting to Account Manager.

    Setting credit limits and increasing limits for customers as approved.

    Releasing orders through credit approval and company guidelines.

    Setting up accounts in accordance with Company guidelines.

    Company, business and individual searches with Veda & Creditworks.

    Obtaining information from credit referees.

    Age Trial Balance reporting (daily).

    Collections result reporting (monthly).

    Branch cash collection reporting (monthly) to all branch managers and senior management.

    Creating New Reports as requested ( VBA )

    Coaching team members on new processes and procedures.

    Motivating the team on setting monthly budgets and forecasts.

Uniprix Corp, Canada

Sales

BA NSW Account

September 2002 to August 2007

Position: Account Manager / Business Development Manager

Responsibilities:

    Increase sales penetration of all catalogue products.

    Proactively initiate and engage sales calls to new prospects.

    Prospect for potential new clients and turn this into increased business.

    Plan approaches and pitches.

    Present new products and services and enhance existing relationships.

    Maintain/Increase pricing and gross margin.

    Review, manage and influence customer purchasing behavior and processes.

    Manage pipeline, activity levels and sales ratios to achieve business targets.

    Assist Other Divisions to cross-sell into the segment.

    Develop a strong business relationship with all relevant contacts within the client organizations.

    Operate as the single point of contact for current & new clients.

    All allocated clients are to be contacted according to an approved call plan.

    QBR & CBR reporting for Internal and External client.

    Liaising professionally with External and Internal Clients.

    Adhoc, ATB and Usages reporting.

    Promptly attend to clients issues in relation to service and disputes.

    Liaise with suppliers as required.

    General administrations work

Laurentian Bank

National Credit Controller

Accounts Department

May 2000 to May 2004

Responsibilities:

    Managing client ledger of 650+ national major accounts.

    Liaising professionally with external and internal clients.

    Reconciliation of general ledger and customer accounts.

    Promptly attend to customer issues in relation to service and disputes.

    Monitor payment arrangement via EFT, cheques and major credit cards.

    Provide monthly statements to all customers.

    Taking appropriate action on account holders who have exceed trading terms.

    Managing the risk in relation to debt exposure.

    Monthly meeting with managers.

    Set credit limit and increasing credit limits for customer.

    Releasing orders through credit approval guidelines.

    Account setup in accordance with credit approval guidelines.

National / International Credit Controller / 2IC

United States Liability Insurance Company

Wayne, PA

January 1999 to April 2002

Department: Finance & Administration Dept.

Responsibilities:

    Managing client ledger of 200+ major national accounts, which have a total trading value of $6-7 million per month.

    Liaising with International Agent for South East Asia.

    Liaising professionally with External and Internal Clients.

    Reconciliation of accounts.

    Promptly attend to customer issues in relation to service and disputes.

    Follow up on payments and allocations.

    Provide monthly statements and advise what is expected in payments.

    Taking appropriate action on account holders who have exceed trading terms.

    Managing the risk in relation to debt exposure.

    Forecasting WSO/DSO and 60 day plus debt for the teams KPI's and targets.

    Reporting to Management in regards to Month End Target results.

Account Manager

United States Liability Insurance Company

Wayne, PA

January 1996 to May 1998

Clients Liaison Supervisor

Receivables Wall Street, Inc.

October 1994 to January 1999

Aurora Windows and Doors

Site Manager

September 1998 to September 2000

Responsible for 4 sites & 12 Staff

Education

Bachelor of Business in Accounting

Nashville University of Technology

Diploma in Customer Service Training

Winnipeg Institute of Credit Management

2004

St. Francisco High School

May 1995

Competencies

    Familiar with popular computer applications / systems (SAP, Masterpak, Pronto and CRM Management).

    High knowledge of Word and Excel and functions including VBA and Macro set ups.

    Extensive knowledge of the Asia Pacific Region and their customs.

    Can speak two languages - English and Thai.

    Current drivers license.

    Excellent written and spoken English.

    Proven organizational and time management skills.

    Experience working in complex corporate & small business environments.

    Staff management skills.

    Senior First Aid license.

Financial Controller Curriculum Vitae, Sample

Alexander Fictional, CPA, MBA

11 Galaxy Av.      a_f@cephei.vv

Cephei, VV.         11-11-11-11

Career Profile & Highlights

Experienced in Senior Finance Executive roles. Established track record in enterprise value growth.

Professional Experience & Accomplishments

2010-2012

CFO (Chief Financial Officer) at Interplanetary Co. (spaceship and airline transportation business). While in office, implemented and monitored strategies that resulted in the organization recording net gains of $N/A, a(n) N/A% increase over the previous ten years in business. Worked with the Board of Directors, banks and attorneys. Produced and reviewed budgets, cash flow forecasts, valuations and audits. Responsible for quality assurance, quality control, managing departmental staff and all related processes. Demonstrated strong abilities meeting sharp deadlines.

2006-2010

Controller at Galactic Quadrant (pixie dust manufacturer). Assisted during the company’s merger with a music label, successfully consolidated assets and implemented a new accounting system for the group (SAP/Financials). Approved capital expenses under $N/A and prepared reports for decision making by the CFO and the CEO (Chief Executive Officer) for assets valued at over $N/A.

2001-2006

Accountant of the Governmental Treasury at Interstellar. Oversaw all accounting activities. Mostly management accounting. Reported directly to the Comptroller.

1999-2001

Internship as a Senior Accounting Clerk at Intergalactic LLC (stars and planets merchandiser), counting as credit towards the CPA requirements, offered in partnership between the company and Sirius University. Light accounting calculations.

1998-1999

Accounting Clerk at S.T.A.R.S.. Financial reporting, forecasting, filing. Entering purchase orders, receipts and deposits. Completing and updating spreadsheets. Light office work.

1996-1998

Bookkeeper at S.T.A.R.S. Promoted from cashier, transferred to the corporate level. Calculated and posted financial data unto the company’s database systems. Entering invoices into the system, filing. Other clerical and administrative tasks.

1994-1996

Cashier at S.T.A.R.S. (organic grocery store). Recorded customers’ purchases and entered them in the cash system. Tasks involved customer service.

Areas of Expertise

Managerial Accounting – Financial Accounting – Tax – Banking – Legislation and Regulation – Forecasting – Budgeting – Negotiating – Reporting – Bookkeeping – Calculations – Analysis – Information Systems – Insurance – Auditing & Compliance – Financial and Strategic Planning – Mergers and Acquisitions – Crisis Management

Skills & Competencies

    Outstanding managerial, organizational and leadership skills

    Excellent verbal and written interpersonal and communication skills

    Proficient in up-to-date accounting software and other computer systems (Yardi, Microsoft Access, Outlook, Word, Power Point, Excel, Excel Macro; VLookup, SRM, HFM, Quick Books)

    Quick learner, team player, business acumen, highly knowledgeable in international, interstellar, interplanetary and intergalactic policies

Education

2009

CFA (Chartered Financial Analyst) – CFA Institute: The Global Association of Investment Professionals

2010-2008

Master of Business Administration (MBA), Financial Management Concentration, Accounting minor, with complete CFA integration – Rigel University.

2001

CPA (Certified Public Accountant) – American Institute of Certified Public Accountants

1998-2000

Bachelor of Commerce (BCom) in Managerial Accounting, Finance minor – Sirius University.

1994-1998

Bachelor of Science (BSc) In Mathematics and Statistics - Sirius University.

______________________________________

* The terms Financial Controller, FCO (Financial Control Officer) and some other financial officers, and Comptroller (usually refers to government) may be used interchangeably.

Senior Controller Resume

Liam Nisson

_____________

Cell:  203-555-3371

Email:  liamnisson@hotrail.com

3 Cercle Str.

Blackford, CO  0592

EXECUTIVE SUMMARY

    Broad Finance, Operations and HR leadership management experience across private and public sectors

    Strong problem-solving skills in growth-oriented, entrepreneurial, start-up environments as well as mature enterprises

    Foundation in public accounting with Big 4 firm and early audit and control experience with diversified NYSE company.

    Detail-oriented, hand-on and ethical team leader with diverse systems knowledge, effective communications and people management expertise.

    Strong business ethics with solid leadership and mentoring skills in motivating others to excel.

    Proficient in various software, IT programs, systems and network management and computer technology language.

EXPERIENCE

2007 – present  Battleship Textiles LLC  Mirabo, CO

CFO/Controller

    Manage financial, administrative, HR and IT functions of a textile company that provides dyeing, finishing and coating services to textile converters and end users.

    Developed pricing structures and product costing metrics.

    Introduced high deductible health plan option avoiding a 50% premium increase.

    Participated in OSHA inspection and documented areas needing remediation as result of inspection.

    Worked closely with plant engineering to implement preventative maintenance programs and efficient operations.

    Collaborated with IT to re-institute and streamline internal maintenance system and database.

    Worked with insurance partners to limit risk, establish and maintain high safety and environmentally conscious manufacturing practices.

    Managed Workers Comp program with EH&S Manager resulting in improved experience mod.

    Responsible for all financial and fiscal management. Provide leadership and coordination in administrative, business planning, and contract negotiations with suppliers and union.

2001 -2007  Kianu Reaves Corp.  Albany, NY

Divisional Controller

    Led $ 60 million publicly traded, multi-divisional electronics manufacturer in its transition to a regular financial reporting schedule with Securities & Exchange Commission and lenders.

    Developed financial reporting package, restated previous financial statements, filed delinquent SEC forms for fiscal, filed amended tax returns, settled IRS audits and obtained $9.0 million in tax refunds.

    Provided financial leadership and knowledge during an SEC investigation, shareholder lawsuit, and IRS audits.

    Responsible for divisional hands on controllership including general accounting, cost accounting, monthly close, budgeting and forecasting for manufacturing supplier to military and commercial customers.

1996 – 2002  REEADE Co  Central Park, Buenos Aires, Argentina

Senior VP Finance & Administration, Member of Senior Management Team

    Managed financial resource, IT and manufacturing functions, served as right-hand to Owner & President of a privately-held $20 million textile manufacturer of custom-made buttons for leading global firms (Guess, Esprit, Benetton, IZOD, etc.)

Finance & Administration

    Analyzed monthly operating results, prepared operating and capital budgets, monitored and revised cash forecasts, led presentations to the board.

    Created and presented financial plan used to negotiate sale of excess manufacturing facility.

    Developed new departmental budgeting cost center system.

    Counselled operating management on product pricing, planning and budgeting issues.

    Created, implemented, and administered company 401K program.

    Provided counsel to owner/president on company and tax matters (C and S corporations, Section 936).

Technology & Operations

    Organized and chaired quality control meetings to resolve product quality issues.

    Led establishment of offshore tax advantaged production facility.

    Introduced in-house EDI programs leading to significant order processing and inventory release efficiencies for company and customer base.

    Implemented company-wide performance evaluation policies and procedures.

Education

Mar-del-Plata College

    Bachelor of Business Administration, Accounting Major

INTERESTS & ACTIVITIES

    Tennis

    Golf

    Fishing

Controller

Work Experience

Controller

Riverdale YM-YWHA

2013 to Present

Monthly journal entries

    Bank Reconciliations

    Review and preparation of financial statements

    Yearly Budgets for 15 programs

    Account analysis

    Accounting for city contracts DFTA & UPK

    Full service bookkeeping for the service industry focusing primarily on physician practices

    Services include monthly billing paying, bank reconciliation and preparation of financial statements

    Quarterly payroll, sales and commercial rent tax returns.

Consultant

Bettye Muller Designs

New York, NY

2009 to 2012

General accounting and financial reporting)

    Concept Heaven/One2One New York Gym/Skin Spa New York (Financial operations & reporting)

    RR Donnelly: (Outsourcing proposal for a large law firm)

    IVS Motors: (Business development & accounts receivable projects)

    Roth Medical practice: (Administrative management of office including accounting and billing)

    Bachelder Law (Overseeing firm operations)

    Tory's LLP (Law firm financial reporting)

Controller

Kaye Scholer LLP

2001 to 2008

Responsible for the financial operations of a 400 attorney multi-office law firm

    Those responsibilities include accounts payable, receivables and financial reporting

    Oversee eight employees

    Reviewed daily activities to help determine the cash flow needs for the operation of the firm

    On a daily basis responsible for approving the remote check deposit and when needed approval of various wire transfers.

    Daily interaction with the firms bank which includes quarterly financial reporting.

    Petty cash reconciliation done daily by our AP team and reviewed by me.

    Prepared partner draws and retirement deductions on a monthly basis.

    Made quarterly tax payments for those partners involved in the non resident composite tax returns prepared by the firm. Those states involved were CA, NJ, NY & IL.

    Reviewed every month the following : o Journal entries  o Cash transfer entries o Direct pay worksheet for partners draws o Expense account analysis o Bank reconciliation o Analysis of foreign office financial reporting & tax returns

    Review and sign off on our Commercial Rent and Sales Tax return

    Prepare a comprehensive worksheet every year which details management fees charged by investment funds that are passed onto the partners who are in the HR-10 retirement plan.

    Prepare, oversee and review worksheets needed for our year end audit, partnership taxes & pension 6000's schedules

Controller

Greenberg Traurig, LLP

2000 to 2007

Responsible for all accounting operations of the NY office

    Manage a staff of 30, including three direct reports

    Responsible for 30% of the Firm's yearly revenue of approximately $350 million

    Oversee billings each month to ensure that 100 billing partners process at least 60% of billings by the 15th of each month. Resolve issues and update practices as needed

    Orchestrate semi-annual collection drives

    Prepare and review Commercial Rent & Sales Tax

    Coordinate banking relationships with Citibank & Capital One Bank

    Support the financial needs of New Jersey and Albany offices, including budgets

    Maintain yearly budget with revisions, which includes: o Calculating revenue of every attorney using billable rates and hours o Developing spreadsheets for large overhead expenses o Projecting compensation numbers for Associates and Business staff

Controller

Mound, Cotton

1995 to 2002

Responsible for the financial needs of a mid-size law firm

    Managed a staff of seven, including senior accountant, billing, accounts receivable and accounts payable

    Reorganized and implemented procedures and various controls to help the department run more smoothly

    Designed cash report for partner review and prepared a weekly cash summary

    Reviewed and analyzed monthly financial statements

    Prepared and analyzed equity and non-equity accounts to determine profit distribution and draw availability

    Invested and maintained funds held on behalf of the clients

    Maintained 401(k) contributions with Fidelity through online transactions

    Coordinated the billing and MIS group in the implementation of electronic billing at the request of our clients through use of various software products

    Worked with the outside accountant in reviewing accounts on a quarterly and year-end basis

    Prepared Quarterly UBT, Commercial Rent and Sales Tax return

    Reviewed and prepared yearly Partnership Returns with the outside accountant

Assistant Controller

Curtis, Mallet

1985 to 1992

Responsible for all the financial accounting functions for the NY office

    Managed a staff of fourteen, including accounts payable, accounts receivable, billing, payroll and general accounting

    Analyzed income and expense details for partner review on a daily basis

    Maintained technical end of General Ledger

    Prepared and analyzed equity and non-equity accounts to determine profit distribution and draw availability

    Implemented and used online banking transactions

    Maintained investment and operating bank accounts

    Reviewed and finalized month-end financial statements

    Formulated statistical analysis of partners paid time to determine partnership percentages

    Reviewed and prepared all Partnership Returns at year end

    Invested and maintained monies in client trust accounts

    Maintained 401(k), Hr-10 (pension) & 401(k) loans for the Partners, Staff and Associates of the firm

Accounting Supervisor

Ernst & Young

1979 to 1985

Developed and oversaw all accounting functions and general ledger procedures for worldwide operations of this major accounting firm

    Supervised the activities of two accounting clerks

    Administered expatriate compensation and payroll programs to conform to both U.S. and foreign tax laws

    Reviewed account billings and payroll on monthly basis

    Prepared periodic analysis of investments, foreign income and expense figures, and executive expense reporting

    Prepared quarterly and annual financial forecasts based upon actual vs. budget for U.S. and foreign compensation analysis, re-location costs, and cost analysis for 12 in-house publications

    Developed general ledger for worldwide "umbrella" partnership accounting resulting from merger of Ernst & Ernst with Whinney Murray

    Encoded documentation and prepared computer input

    Prepared Partnership Returns

    Prepared monthly financial statements

Education

B.A. in Economics

Hunter College -

New York, NY

SKILLS

Microsoft Word, Excel, Quick Books, Time Slips, CMS Open, On Budget software, Keystone-Solutions, Lotus Notes, Elite, Auth-Net, Book 4 Time & Sales Force, Financial Edge (non-profit accounting application), Paychex & ADP

Assistant Controller Resume

Steeve Jobs

2448 Ocean Park Apt 45S, Jamaika, NY 11999 (718)330-5717 barackobama@gmail.com

Assistant Controller / Chief Financial Officer (template)

Reporting & Financial Analysis / Cost Control & Improvement / Team Building & Leadership

Expert With The Implementation & Conversion Of Accounting Systems

Accomplished and analytical Controller / CFO with extensive experience leading teams through financial statement preparation and analysis, comprehensive accounting tasks, and special projects while maximizing efficiency and cost reduction. Motivational team leader with comprehensive abilities in staff training; able to drive effective communication across multiple organizational levels. Solid skills in time management, organization, leadership, problem solving. Experienced in a variety of business environments; five years of experience in public accounting. Well-developed technical / computer skill set.

Core competencies include:

Financial Statements & Analysis

Internal / External Audit Processes

Accounting Policies & Procedures

Report Generation & Assessment

Regulatory Compliance

Cash Flow, Budget & Taxes

Cost & Variance Analysis

Negotiations & Process Reviews

Cost Reduction & Avoidance

Interpersonal Relations

PROFESSIONAL EXPERIENCE

PART-TIME CONTROLLER / CFO, 2006 – Present

ACCOUNTANT / CONTROLLER / CFO / OFFICE MANAGER / DIRECTOR OF HUMAN RESOURCES

Michelle Obama Group of Queens Landing NJ – 1999-2008 (Mary & Mary) & (Obama Property Management)

Maje (Mid-Sized Ladies Dress Company)

Monthly Financial Statements

Coordinate Tax Compliance & Planning For Corp and For All Partners

Weekly Cash Flow Projections / Inventory Purchasing & Payments

Oversight of all Chargebacks, Gross Profits & Department Store Compliances

Responsible for Reviewing & Approving All Vendor Invoices / B.O.L’s

Gross Profit Analysis By Style / Lot / Salesperson / Customer

Slow Moving Inventory Identification & Conversion To Maximize Cash Flow

Total Communications & Review With Factor To Ensure Compliance

EDI Management & Problem Resolution

Management of House Accounts To Minimize Credit Risks & Maximize Collections

Production Import Costing & Coordination Of Sales Prices With Sales Department

Import Production Planning & Warehousing Responsibilities (Pick & Pack)

Reduced Operating Expenses By $100,000 & Improved Operating Efficiencies

Prepared Monthly, Quarterly & Yearly Budgets & Forecasts

Obama Property Management (Mid-Sized Property Management Firm)

Monthly Closing Of 60+ LLC’s (Books) & Issuance Of Monthly Financial Statements

Review Potential New Acquisitions To Measure Existing & Potential CAP Rates

Analyze All Commercial CAM’s & Rental Lease Escalations

Prepare & File Applications For Property Tax Reductions

Responsible For All Renovation & Capital Improvement Projects As Project Manager

INTERIM CHIEF FINANCIAL OFFICER NEW ARK CITY POLICE ATHLETIC LEAGUE (PAL) – YEAR 2003

A $50M NON-PROFIT ORGANIZATION

INTERNATIONAL CONTROLLER NEUROMEDICAL SYSTEMS INC., (NASDAQ) 1992 – 1998

A Developmental Stage Company With International Subsidiaries In The Business of Manufacturing & Services in the Energy Detection Fields. Worked Extensively in Europe, Israel, Venus.

PUBLIC ACCOUNTING AUDIT SENIOR ERNST & YOUNG – YEAR 1991

Left Ernst & Young to join

PUBLIC ACCOUNTING AUDIT & TAX SENIOR ALFA CENTAURA CPA FIRM (1989 – 1991)

GENERAL CONTRACTOR / BUILDER CARL SAGAN & SON GENERAL CONTRACTING (1881– 1991)

EDUCATION, CERTIFICATIONS & LICENSES

1980 Baruch College, BBA Accountancy, New York City

1995 Certification By Platinum Accounting Systems As Installer & Trainer With International FASB 52 Expertise

2008 Obtained NYS Real Estate Broker’s License

ACCOUNTING & COMPUTER SYSTEMS:

QuickBooks, Peachtree, Great Plains Dynamics, MAS90, Yardi, Sage Master Builder, Sage Timberline, Solomon, Platinum, Macola, Inventory Pro, FAS, FRX Report Writer, Microsoft Word, Expert In Microsoft Excel (Financial Modeling, Budgets, Forecasts, Pivot Tables, Macros).

GENERAL:

Real Estate Purchase Analysis & Multi Building Management

International Accounting

GAAP Financial Statement Presentation

Preparation Of Source Entries & Schedules

Bankruptcy Filings (Ch. 7 & 11)

Foreign Currency Financial Statement Conversions (FASB 52) & (IAS 21)

Inter-Company Eliminations, Fixed Asset / Depreciation Adjustments & Consolidations

Transfer Pricing To Comply With International & Domestic Taxation Concerns

Design & Creation of financial modeling in Excel & Access

Preparation Of Budgets & Variance Analysis

Design, Setup & Implementations Of Websites & Databases

IPO & SEC Reports & Disclosures

Cash Management & Treasury Functions

Audit Preparation

Mergers & Acquisitions

Establishment Of New Corporations & Accounting Departments

Establishment & Documentation Of Policies, Controls & Procedures

Federal, State & City Corporate Tax Returns

Human Resources

Contracts

Personal

• Former Auxiliary Police Officer For The City Of New Ark

CFO/Controller

DIMITRY MEDVEDEV

555 Mamaroneck Ave #555, White Plains, NY

55555 - 555.555.5555

Medvedev@gtail.com

CFO / CONTROLLER

Senior financial executive with broad based experience in manufacturing, construction/real estate development and services industries. Cost control and managing rapid corporate growth.  Familiarity with union, surety and lender compliance; Expertise on tax reporting requirements.

CAREER HISTORY

Russian CONSULTING GROUP, Principal 2010-Present

    Revised business plan verbiage and completely overhauled the financials for North American Nutritional Supplements company.

    Created company structure for post seed international start-up manufacturer/wholesaler.  Acted as interim Chief Financial Officer.

    Produced pro-forma financial statements and schedules (seven years) with investment banking firm for $200MM hotel casino venture. Indicated profit and exit strategy potentials, securing investment for the client.

    Reengineered financial statements of multi-state corporation for possible company sale.

    As interim controller, partnered with internal staff to complete year end close for $25MM construction subcontractor.

    As acting CFO for an $70MM national general contracting firm, assisted in year-end close, audit, six month statements and software conversion.

    Consulted on Business Plan for roll-out of 12 store retail wellness/ cosmetic centers.

    Responsible for year-end closing for many properties and several major Construction Loan closings for NYC Property Manager/Developer.

    As interim CFO with NYC Construction Management, set up accounting/computer systems.

    Consulted as assistant to CFO for $400MM MEP contractor/general contractor:

    Assisted in year-end financial statement preparation including notes for outside auditors.

    Wrote new policies and procedures, Oversaw Risk Management and insurance requirements; helped in securing new insurance post-merger, writing RFP for multiple brokers, putting together renewal packages, interviewing and negotiating with brokers.

    Set new procedures for sub-contractor insurance requirements in contracts, tracking sub-contractor Certificates of Insurance, tracking/information management for insurance claims.

SAINT-PAUL LLC, Chief Financial Office 2009

CFO just prior to private equity investment for $14MM manufacturer/installer of solid surface solutions.

    Responsible for all monthly and quarterly reports to private equity firm & lenders.

    Ensured that all loan covenants were met on a monthly basis.

    Researched, identified and began implementation of first integrated ERP system.

    Wrote employee manual.

    Set policies and sales & marketing procedures leading to a more than doubling of revenues in a six month period.

VAIGAY GROUP LLC, Vice President Finance / CFO  2003-2009

    Performed analysis for profitability of new projects and returns for investors.

    Oversaw financing requirements, accounting and funding requests of multiple condominium developments ($65MM to $315MM).

    Responsible for compliance with primary and mezzanine lender reporting requirements and liaison with outside professionals.

    Managed intercompany transactions among seven project entities and one affiliated rental management company.

    Set up accounting and computer systems for real estate developer; assisted in training and oversight of related management company.  Wrote company Employee/Procedure Manuals.

SCI WINDOW CORP., Vice President / CFO  1997–2003

    Supervised and oversaw accounting and office staff for $30MM window and door subcontractor.

    Responsible for all federal and state tax reporting for three corporations.

    Prepared working trial balance and adjusting entries for independent auditors.

    Determined capital expenditure needs; performed cost benefit analysis of lease vs. purchase.

    Administered union reports for union payroll, compliance with union and governmental requirements.

    Directed all human resources functions. Trained staff on in-house computer systems.

    Instituted weekly job costing analyses with estimates. Identified misrepresented postings to job costs and unchecked purchasing.  Instituted new purchasing requirements and corrected the postings. Minimized the estimated loss, saving the company $150,000.

    Instituted a new policy requiring purchase orders and approvals. Job costs were reduced an average of 10% on retrofit jobs, $2+M, and 30% on new construction jobs, saving $4.8M.

PAK MAIL CENTERS OF AMERICA, Principal of Franchise 1990-1996

    Opened, ran, and oversaw company growth to top 10% of all Pak Mail stores, one of the top rated international franchises in the Business Support Services field.

    Oversaw full business from lease negotiation through hiring personnel, vendor contracts, customer service, accounting & tax preparation, and advertising & marketing decisions.

PROFESSIONAL AFFILIATIONS

Construction Financial Management Association (Member - Board of Directors, New York City Chapter  and Westchester/Fairfield Chapter (1986-2003 & 2006-2007); Institute of Management Accountants Member & Controllers Council (1978-2003)

EDUCATION

MBA, Accounting  - Pace University, New York

BS, Accounting  - State University of New York

Controller - Consultant

Name, address

May 2011 – Mai 2013  Mirabelle, Ltd

Controller – Consultant

    Responsible for month end close, reconciliation of balance sheet accounts, set up financials in quickbooks

    Created and prepare financial statements

    Responsible for accounts payable and receivables

    Inventory management, costing and control

    Responsible in business planning for launching of new product line

    Responsible for Cash Flow Management

    Responsible in reconciling intercompany accounts

    Responsible for monthly sales tax preparation

    Reduced overhead and general expenses by 20%

    Assisted with business plan for new company

    Responsible for budgeting, forecasting and strategic planning

    Reviewed financials and variance reports

    Increased sales by meeting with sales associates and implemented sales tactics to a more aggressive approach

May 2009 – April 2011 Du Fort, Inc

Controller

    Responsible for month end close reporting to parent company

    Assisted in helping the company grow with an increase of 25 %

    Improved cash flow by decreasing DSO from 50 to 40 days and negotiated net terms with key vendors

    Prepared board packages, including financial statements, variance analysis and commentary

    Prepared payroll and managed cash flow while obtaining additional funding, ERP Implementation using Navision and SAP

    Assisted in financial and strategic planning

    Responsible for preparation/review of budgets and forecast

    Cost accounting and inventory management

    Designed, implemented and managed the Company’s accounting systems and internal controls

    Cut receivable write offs by creating credit policies by using aggressive collection strategies and establishing constructive dialogue with delinquent accounts

    Ensured accuracy of compliance with accounting policies and procedures

September 2007 – March 2009 St-Eustache

Controller

    Performed month end close, including invoicing, payables, budget vs. actual analysis

    Prepared and interacted with CFO to review variances, budgets, forecasts and month end close

    Responsible for intercompany reconciliations, totaling 5 separate accounts

    Heavy interaction with headquarters in London to discuss intercompany reconciliations, month end close, budgets and forecasts

    Prepared monthly report to parent company

    Reduced account receivables by 2 million in a month and had clients stay within their terms

    Reduced overhead by 20% within six months

    Reviewed, maintained, analyzed g/l entries, compiled, prepared financial statements

    Compiled and prepare financial statements

    Performed all bank transactions including wire transfers and bank relations

    Maintained cash flow analysis and implemented aggressive options to increase cash flow

    Prepared and organized pertinent information for quarterly and annual audits

    Responsible for overseeing accounts receivable, accounts payable and shipping departments

    Responsible for inventory control and entries

    Responsible for inventory store audits

    Prepared weekly flash reports and review with department heads

January 2003 – July 2007 Americain Appareil, NY

Assistant Controller

    Performed month end close, analyze financial statements and schedules

    Responsible for creating financials for new acquisitions allowing business units to focus on strategic aspects

    Responsible for all intercompany reconciliations, total of 9 separate accounts

    ERP Implementation to SAP/Hyperion

    Evaluated monthly analysis between budget and actual

    Oversaw staff of 15, reviewed and analyzed payables, receivables and wire transfers

    Prepared financial statements and review with CFO

    Responsible for payment and allocation of intercompany transactions

    Responsible for preparing and analyzing labor cost schedule and variance report

    Prepared and reviewed budgets and forecast with department heads

    Conducted Inventory audits including reconciliations and audits and implemented inventory controls

    Implemented new accounting program

    Implemented and enforced accounting policies and procedures

    Maintained and reconcile clothing allowance for retail and corporate

    Reviewed, analyzed and maintained capital expenditure schedule

    Maintained general ledger

    Responsible for preparing internal management reports

HR responsibilities included hiring personnel, responsible for maintaining 401K plans as well as insurance and payroll.

January 1999 – December 2002 Via Rail, Canada

Senior Accountant

    Prepared month end close, maintained general ledger, responsible for bank reconciliations for 1o provinces

    Prepared internal management reports for decision making such as capital budgeting and segmental performance analysis

    Prepared all sales/use tax forms for 10 provinces

    Prepared cash flow and monthly sales analysis

    Prepared and reviewed cost and retail pricing

    Responsible for cash receipts and wire transfers for all respective accounts

    Oversaw, instructed and analyzed credit and financial information

Computer skills: Hyperion, SAP, JDEdwards, AS400, Vision 2000, Solomon, Quickbooks, Navision

Education:

Fashion Institute of Technology, NY

BA – Buying and Merchandising, 1992

Fluent in Spanish

DIRECTOR OF FINANCE - CONTROLLER

ROSALIE ROSEMONDE

Financial Professional with 15+ years of finance/accounting management experience at public and private companies in retail and for-profit education industries. Expertise in financial management, controllership, cash management, AR and AP management, financial reporting, planning and analysis and auditor relations.

EXPERIENCE

Controller / Director of Finance    2004 – Present

French Culinary Institute, Paris, France

Financial management responsibility for this $35MM multi-location for-profit culinary teaching institution with locations in New York, California and Italy.

    Direct report to the CFO and manage all GL, AR, payroll, and AP personnel/processes. Oversee monthly and quarterly closings as well as all internal/external audits.  Installed numerous new controls resulting in improved revenue recognition and control of company assets.

    Full financial management for two major locations in New York and California.

    Assisted in the acquisition of California location. Led conversion of location’s accounting, AP and AR policies to corporate standards. Absorbed GL accounting and AP management into headquarter staff, resulting in 2 FTE reduction.

    Shopped the market for Casualty and Health insurance generating premium savings and packaging Casualty insurance to increase coverage and reduce premiums.

    Recruit, train and manage staff of seven Senior Accountants, Staff Accountants, payroll and AP / AR Professionals.

    Created daily cash flow management reporting capability. Dramatically improved identification of daily cash flow and utilization of available cash.

    Upgraded accounting, reporting, and ERP systems, introduced standard chart of accounts, and developed automated revenue recognition and financial reporting capabilities.

    Improved overall reporting system providing more accurate and faster financial reports.

    Reduced monthly closings from fourteen days to four days generating substantial savings in labor costs, and improved ability for management of the company.

    Introduced a monthly financial package which included cash flow, balance sheets and P&L, as well as variance reports for monthly revenues and expenses.

    Personally created companies annual budgets for P&L, investment and cash flow.

    Review monthly actual to budgets variance with department managers to drive cost control.

    Participated in the establishment of $6MM term loans, enabling a change of ownership, the acquisition of California location and a major capital expansion of NY Location.

Accounting Manager 2000 – 2004

Covenant House, Bruxelles, Belge

Accounting Management responsibility for a not-for-profit social service institution with housing facilities.

    Reported to the VP of Finance, assisting financial operations.

    Prepared a consolidated financial statement of Covenant House and its Affiliates.

    Responsible for monthly and year end closings.

    Developed and implemented financial policies and procedures.

    Worked closely with the senior management team.

    Supervised the timely and accurate recording and reporting of the financial transactions, including payroll, inter-company and other governmental required reports.

    Managed the preparation of financial reports, including bank reconciliations and payroll analysis.

    Managed restricted funds, insurance schedule and pension allocations.

    Reconciled closing of subsidiary ledgers to General Ledger.

    Provided detail general ledger reports and budget vs. actual expense monitoring reports to managers.

    Reviewed, analyzed and approved of all account analysis by accounting staff.

    Oversaw the annual audit process.

    Reviewed accounting staff for performance and promotability.

Retail Accounting Manager 1998 – 2000

Marcus Retail, Inc., Riga, Latvia

Retail Accounting manager for publicly traded shoe designer

    Prepared monthly, quarterly and year-end closings and representative reports.

    Reconciled closing of subsidiary ledgers to General Ledger

    Utilized AS400 database.

    Provide detail general ledger reports and budget vs. actual expense monitoring reports to managers

    Prepared bank reconciliations and account analysis reports.

    Oversaw the preparation of weekly ADP payroll.

    Input financial data and wire transfer into HSBC (HEXAGON) global system.

    Prepared and analyzed sales audit reports and daily flash sales.

    Audited and reconciled expense reports of senior management.

    Reviewed accounting staff for performance and promotability.

Accounting Manager    1992 – 1998

Supreme Auto Group, Vilnus, Lituanie

EDUCATION

B.S., Accounting

Tartu College,

Completed Baruch College Executive Program Coursework: Corporate Finance, Quantitative Tools for Finance, Investments & Theory, Financial Accounting.

Currently enrolled in University of Phonenix MBA studies

COMPUTER SKILLS

Excel, Microsoft Words, Works, Access, PowerPoint, Mas90, AS400, FRx, Paycheck, CampusView, Biznet, MFG Pro, Great Plains and Accpac, Novell, NT Server, Reconet and Hexagon from HSBC, Chase Chemlink.

Director of Finance - Controller

JIMMY M.

48-41 215 Street, Queens Village

New York 55528

♦555-259-2550

♦jymmput@yahoo.com

Financial Professional with 15+ years of finance/accounting management experience at public and private companies in retail and for-profit education industries. Expertise in financial management, controllership, cash management, AR and AP management, financial reporting, planning and analysis and auditor relations.

EXPERIENCE

Controller / Director of Finance 2008 – Present

Italian Culinary Institute, New York, NY

Financial management responsibility for this $150MM multi-location for-profit culinary teaching institution with locations in the US, Italy, Argentine and Zimbabwe.

    Direct report to the CFO and manage all GL, AR, payroll, and AP personnel/processes. Oversee monthly and quarterly closings as well as all internal/external audits.  Installed numerous new controls resulting in improved revenue recognition and control of company assets.

    Full financial management for three major locations in New York, New Ark and Florid.

    Assisted in the acquisition of Florida location. Led conversion of location’s accounting, AP and AR policies to corporate standards. Absorbed GL accounting and AP management into headquarter staff, resulting in 2 FTE reduction.

    Created daily cash flow management reporting capability. Dramatically improved identification of daily cash flow and utilization of available cash.

    Created daily cash flow management reporting capability. Dramatically improved identification of daily cash flow and utilization of available cash.

    Recruit, train and manage staff of seven Senior Accountants, Staff Accountants, payroll and AP / AR Professionals.

    Improved overall reporting system providing more accurate and faster financial reports.

    Reduced monthly closings from fourteen days to four days generating substantial savings in labor costs, and improved ability for management of the company.

    Introduced a monthly financial package which included cash flow, balance sheets and P&L, as well as variance reports for monthly revenues and expenses.

    Personally created companies annual budgets for P&L, investment and cash flow.

    Upgraded accounting, reporting, and ERP systems, introduced standard chart of accounts, and developed automated revenue recognition and financial reporting capabilities.

    Review monthly actual to budgets variance with department managers to drive cost control.

    Shopped the market for Casualty and Health insurance generating premium savings and packaging Casualty insurance to increase coverage and reduce premiums.

    Participated in the establishment of $6MM term loans, enabling a change of ownership, the acquisition of California location and a major capital expansion of New York Location.

Accounting Manager  2002 – 2007

Covenant House, Lafayette, Alabama

Accounting Management responsibility for a not-for-profit social service institution with housing facilities.

    Reported to the VP of Finance, assisting financial operations.

    Prepared a consolidated financial statement of Covenant House and its Affiliates.

    Responsible for monthly and year end closings.

    Developed and implemented financial policies and procedures.

    Worked closely with the senior management team.

    Supervised the timely and accurate recording and reporting of the financial transactions, including payroll, inter-company and other governmental required reports.

    Managed the preparation of financial reports, including bank reconciliations and payroll analysis.

    Managed restricted funds, insurance schedule and pension allocations.

    Reconciled closing of subsidiary ledgers to General Ledger.

    Provide detail general ledger reports and budget vs. actual expense monitoring reports to managers.

    Reviewed accounting staff for performance and promotability.

    Review, analyze and approve of all account analysis by accounting staff.

    Oversaw the annual audit process.

Retail Accounting Manager    1999 – 2004

Steve Madden Retail,Long Island City, New York, NY

Retail Accounting manager for publicly traded shoe designer

    Prepared monthly, quarterly and year-end closings and representative reports.

    Reconciled closing of subsidiary ledgers to General Ledger.

    Utilized AS400 database.

    Provide detail general ledger reports and budget vs. actual expense monitoring reports to managers.

    Prepared bank reconciliations and account analysis reports.

    Oversaw the preparation of weekly ADP payroll.

    Input financial data and wire transfer into HSBC (HEXAGON) global system.

    Prepared and analyzed sales audit reports and daily flash sales.

    Audited and reconciled expense reports of senior management.

    Reviewed accounting staff for performance and promotability.

EDUCATION

B.S., Accounting

York College, CUNY, Jamaica, New York

Completed Baruch College Executive Program Coursework: Corporate Finance, Quantitative Tools for Finance, Investments & Theory, Financial Accounting.

Currently enrolled in University of Phonenix MBA studies

COMPUTER SKILLS

Excel, Microsoft Words, Works, Access, PowerPoint, Mas90, AS400, FRx, Paycheck, CampusView, Biznet, MFG Pro, Great Plains and Accpac, Novell, NT Server, Reconet and Hexagon from HSBC, Chase Chemlink.

Curriculum Vitae: Financial Controller

Zack Perfekt, CPA

1111 Seaside Blvd.  zack.perfekt@stardust.com

Pretty Girls Forest, NA     111-111-1111

Career Objective

The full time, permanent position of Controller at Galaxy Inc., as per the post id #11111111.

Education

• 2002-2003  MBA Duchess University: 3.7/4.

• 2000-2002  MSc Prince University Econometrics: GPA 3.6/4.

• 1997-2000  BCom Accounting Prince University: GPA 4/4.

• 1993-1997  BSc (Honors) Mathematics & Statistics Prince University, GPA: 4/4.

Work Experience

• 2009-2012  Financial Controller at Interstellar Space LLC. Oversaw all financial aspects of the business. Drafted management reports from source data. Promoted from Assistant Controller. Duties included the realization of a budget that allowed the company to increase profitability, while at the same time contribution to the sales department project with implementation of successful strategies, gaining the company a revenue increase of 210% over two quarters. Forecasts, budgets, VAT returns. Analysis of data and consequential suggestions, consolidations.

• 2005-2009  As an Accounting Controller at Intergalactic Corp., prepared and analyzed budgets and financial reports. Oversaw daily operations of the financial department and all accounting activities as directed by governmental policies. Directly supervised and hired, trained and monitored all accounting department employees. Assisted senior management in preparing and forecasting financial statements, as well as cash flow projections and reports on investment activities.

• 2000-2005  Senior Accountant at Binary VV Cephei LLP, a fashion retail company with over $12 million annual sales and significant international presence. Transmitted monthly accounts payable and receivable, reviewed all financial data and oversaw all bookkeeping activities. Ensured that all accounting department staff ‘s activities complied with GAAP policies.

Skills & Abilities

• Fluent in spoken and written English, German

• Strong organizational, communication, interpersonal, listening, time and human resource management skills

• Experienced in accounting software such as Quick Books, ASAP and Oracle

• Proficient in computer programs such as Microsoft Office Suite (Word, Power Point, Excel, Access, Outlook), Adobe Acrobat

• Dynamic, energetic, responsible, thorough

• Fast learner, business acumen, goal and detail oriented

• Good knowledge of underwriting, experienced in real estate, insurance

Awards and Honors

• Consistently placed on the Dean’s List throughout academic career

• Awarded the Shelly Star bursary for research in statistics

• Took first prize in a national competition for a business project proposal with budget cuts, as a result received full scholarship for an Honors in Actuarial Science program at Prince University.

Hobbies

• Alpine ski (attention! This part is rather controversial, but we mention it just to let you think why!)

• Fractals and diffraction patterns

• Graphics - CGI - Adobe CS5 (Illustrator, Photoshop, After Effects and other design applications), Autodesk (Maya, 3Ds Max).

• Photography art

___________________________________

REFERENCES – Available on request.

Senior-Level Management : Controller

Mad Were, CPA

3115 Jorgensesn Avenue, Apartment 9 • Gothic City 5554

714-555-6671 • 555yah@gmoil.com

SENIOR-LEVEL MANAGEMENT: Controller

Big-picture thinker and visionary leader who drives a culture of excellence company-wide and champions beneficial change initiatives. Detail-oriented financial manager with a proven record of creating, interpreting and reporting financial information to improve general business operations and support long-range strategic goals. Specialize in creating policies and procedures that streamline operations, safeguard assets, introduce business solutions, increase profit

AREAS OF EXPERTISE

Financial Analysis & Reporting Organizational Development •  Financial Technology • Change Agent • Project and Risk Management • Process Development Enhancing Productivity • Team Leadership • Training & Development

PROFESSIONAL EXPERIENCE

Natal Parking, Ltd • Barbarossa, BA • May 2007 to present

Owner and operator of 150 parking garage facilities in Barbados.

Controller

Ensure accurate general ledger transactions for 90 operating companies. Direct corporate finance and accounting. Oversee cash management functions, including cash receipts for over 3,000 monthly customers and daily revenue receipts for all locations. Partner with Vice-President to prepare RFPs, Management Property Reports and property analysis. Cooperation with Operations Supervisors to manage aging customer accounts. Work with external auditors for the annual review and tax return preparation.

Major Contributions:

    Created weekly payroll flash reports and user friendly monthly P&L statements for individual companies and consolidated P&L listing each company separately.

    Streamlined procedures, strengthened accounting controls and shortened the month-end closing process, overhauled the accounting department, improved the accuracy and relevance of accounting reports.

    Improved cash receipts collections by over 9% for over 3,000 monthly customers by communicating directly with Field Operations on customers’ collection status.

    Created data retrieving programs to eliminate manual data entry with the IT Director and vendors for: the revenue control system, the credit card processor, the payroll processor and MAS 200 rep.

    Reorganized the work flow, increased the responsibility and improved the expected quality of the work from the accounting department.

    Supervised creation of manuals and work paper templates so work became standardized

    Saved thousands of dollars by partnering with credit card and telephone vendors by restructuring the billing rate and consolidating their invoices to save processing time.

    Improved cash management by reconciling on a daily basis cash receipts and cash disbursements.

MMM Agency • Moscow • December 1999- April 2007

Controller

Direct all aspects of corporate finance and accounting. Oversee cash management functions, including approving cash disbursements. Oversee external auditors in insurance, tax audits. Manage special financial projects. Supervise direct reports and twenty employees.

Major Contributions:

    Reduced operating expenses by more than 30% by providing information and analysis to facilitate a major corporate reorganization.

    Restructured the general ledger to setup separate records for each corporate division.

    Facilitated a $10 million divisional divestiture by evaluating potential deals for profitability and feasibility, collecting information for due diligence.

    Enabled better stock management by spearheading implementation of a new inventory control and PO software system.

    Partnered with Operations Manager to develop a budgeting system, establishing standards and better methods for evaluating employee and corporate performance.

    Improved audit position by assuming management of sales tax audit, saving more than half of the amount previously paid in penalties and taxes.

Vlad Poutine • Sokolniki, Moscow • September 1995 - October 1999

Accounting firm with a diversified client base that included real estate investment.

Senior Accountant

Prepared personal, corporate and partnership tax returns and ensured all internal and external deadlines were met. Liaised with clients to maintain relationships and gather information to prepare tax returns.

Major Contributions:

    Personally prepared at least half of the compagny’s returns, with many client returns consisting of dozens of real estate properties in multiple states.

    Led an in-depth audit of a client’s business and recommended reorganization based on employee skills.

    Coordinated monthly work for clients, including journal entries, general ledger, sales tax, and payroll and inventory control.

    Supervised audit, review and compilation engagements.

EDUCATION

Master of Business Administration in Accounting

State University of Vermont • West Burlington, Vermont

Bachelor of Arts

State University of Vermont • West Burlington, Vermont

PROFESSIONAL DEVELOPMENT

Certified Public Accountant (CPA)

Credit Controller

Work Experience

Credit Controller/Project Coordinator

Thebigword

New York, NY

May 2011 to Present

Processing invoices, payments and accounts receivables of both F2F and OPI clients.Validating credit notes and coordinating schedules of multi-lingual interpreters for the New York City Department of Education. Training and supervising new interpreting coordinators. Assisted the Financial Controller with the screening of potential applicants for multilevel vacancies, coordinated interviews and scheduled pre-employment exams of selected candidates.

Customer Experience Manager

Old Navy

Staten Island, NY

2004 to 2011

All aspects of human resource administration. Recruited, hired, trained, and developed associates. Outlined training opportunities from observations and client feedback. Assisted the general manager by executing business strategies and upholding the customer service vision. Ensured proper execution of tasks, Loss Prevention, Risk Management & Safety while communicating sales updates and targeting sales goals. Performed Leader on Duty responsibilities, monitored payroll, forecasting and schedules. Planned community events and fundraisers.

Sales Lead

Ann INC

Staten Island, NY

2001 to 2004

Scheduled entry level associates and trained new employees. Performed visual store setting as per company policies set by the corporate office. Processed weekly payroll, assisted clients with purchases while maintaining the highest quality customer service. Opened and closed the store as the Manager on Duty.

Associate Sanitarian I

NYC Dept. of Health

Brooklyn, NY

1997 to 2001

Trained and supervised inspectors, performed supervisory checks to ensure compliance. Conducted a bi-weekly seminar on regulatory compliance. Reviewed architectural plans of new and existing child care centers. Assigned duties and provided technical assistance to child care center operators and field personnel. Issued violations and testified at administrative tribunal hearings.

Health Sanitarian II

NYC Dept. of Health

Brooklyn, NY

1995 to 1997

Trained and supervised inspectors, conducted unannounced inspections at licensed and unlicensed child care centers. Responded to complaints generated from 311. Performed lead abatement/remediation compliance inspections and issued violations when necessary. Testified at administrative tribunal hearings.

Health Sanitarian II

NYC Dept. of Health

New York, NY

1994 to 1995

Trained and supervised inspectors. Educated parents and property owners regarding lead poisoning. Issued early intervention referrals. Performed XRF testing for lead paint in the homes of lead poisoned children. Conducted water sample and dust wipe analysis. Issued violations and administrative hearing dated when necessary.

Health Advisor

NYC Dept. of Health

New York, NY

1989 to 1994

Educated patients and their contacts about Tuberculosis transmission. Administered PPD skin tests and evaluated results. Performed Direct Observed Therapy for multi-drug resistant patients. Escorted patients to clinic visits. Physician hotline operator and interstate health department liaison.

Education

BS in Biology

CUNY Medgar Evers College -

Brooklyn, NY

2004

Certifications

EPA Lead Inspector

2016 to 2019

Skills

Microsoft Word, Outlook, Excel, PowerPoint and Access. Excellent communication and customer service skills. Proven organizational abilities and problem solving/analytical thinking. Ability to prioritize, handle multiple projects, work as part of a team and exercise independent judgement.

Controller Letters of Presentation

Dear Recruiting Manager:

I am very interested in the Controller opportunity, and have enclosed my resume for your consideration.

I am a responsible and proactive financial manager who prioritizes organizational needs and maximizes growth opportunities. I have many successes in identifying control weakness and correcting key areas of financial losses, maximizing profits. My experience as a CPA in public accounting practice has contributed to my successes in managing financial reporting and compliance, tax reporting, and reporting to regulatory agencies.

My experience includes:

    On-time, reliable monthly financial reporting.

    General ledger accounting

    Budgeting and forecasting.

    Financial System enhancements and implementations.

    Treasury management and earning maximization.

    Improving customer collections.

    Management of billing, collections, purchases and accounts payable.

    Staff and resource planning.

    Sarbanes-Oxley engagement consulting.

    Tax management, compliance and representation.

    Management and coordination of CPA Audits.

I am confident that my background and experience will be of great value to this position.

Thank you for your consideration.

PROFILE:  A professional CPA, Financial Manager with a solid record of improving corporate financial performance:

    Organization and restructuring of financial departments for optimum performance.

    Representation to tax and regulatory authorities resulting in winning large audit judgements.

    Planning and implementation of several upgraded financial reporting systems.

    Won large asset recoveries by identification corporate misspending through forensic audits and analysis.

EXPERIENCE

CPA, Consultant 9/02-present

Performance of accounting and tax services to several small businesses and individuals.

Stanley Kubrik Engagement Consultant 6/04-1/09

Financial accounting and tax services provided to several corporations, small businesses and individuals. 6/05-1/06 / 10/02-7-04

SK Section 404 (SOX) control system engagement planning and management within various industries including real estate and healthcare. Documented internal control system procedures and processes through formal interviews with organizational personnel and management. Identified the effectiveness of internal control policies and procedures on their ability to support accurate financial reporting. Reported control status to corporate management, and offered recommendations to correct processes that would strengthen controls, where needed. Conducted tests of internal control systems, processes and procedures to determine whether desirable controls were being consistently adhered to, including re-testing of remedied procedures. Tested all processes, systems and procedures affecting the SEC 10K and 10Q reports. Designed narratives, internal control matrices, management letters and reports. Supported regular meetings and communications with client management and their independent auditors to report on control systems and procedures.

Corporate Controller, CFO

HM Mechanical Corp. XXXX

Safeguarded financial assets for $60 million Construction and Service Company in the San-Francisco commercial Mechanical contracting industry. Hands-on accounting and management of the Microsoft Dynamics / Great Plains accounting and financial reporting systems. Provided on-time, accurate financial reports for banks, insurance and bonding companies for financing and insuring construction projects. Redesigned control systems and procedures to enhance timeliness and accuracy in the financial reporting. Improved the cash flow position by reorganizing collection and payment policies and focusing on customer project resolutions. Conducted forensic accounting audits that identified and recovered $1 million in misapplied spending. Formalized a lien waiver process to protect profits from unforeseen future claims by subcontractors. Maintained compliance with New York State and City agency requirements for government projects. Managed contract compliance with general contractors and subcontractors. Responsible for AIA construction billing, collections, accounts payable, payroll, and human resources. Negotiated equipment leases, insurances and corporate investments with outside agencies. Administrated staff benefit programs including 401K, Profit Sharing, Medical, and Life Insurance. Managed compliance with two labor unions. Maintained accurate job costing and percentage of completion accounting systems.

Controller, CFO

Bouckshpan Development Group LLC.

Responsible for accounting and financial management of a portfolio of operating and development stage real estate properties including 15 real estate companies operating assisted living residences in multiple states. Planned and implemented new financial reporting systems that eliminated a steady three week backlog in accounting transaction entries, saving the company several full time staff salaries per year. Managed the accounting and financial reporting for operations and development businesses, loan restructuring, and business purchases. Automated the financial systems including implementation of a new Quickbooks Enterprise general ledger system and a new automated, interfaced payroll system. Adjusted all general ledger accounts and drafted monthly financial statements for all 12 properties with supporting schedules and disclosures. Streamlined accounting efficiency by implementing a new payroll system for 450 employees with an automated download capability to the general ledger, saving cost by eliminating manual accounting entry of several biweekly payroll reporting classifications. Migrated new entities to new accounting system and designed and implemented improved control procedures. Financial planning including due diligence for new acquisitions as well as monthly revenue budget plans and forecasts. Staff manager to 17 accounting staff.

Controller

Montreal Plumbing & Heating Corp.,

Managed the accounting and financial reporting for a $30 million unionized construction company in the HVAC, plumbing and heating business. Corrected two years of prior period accounting errors including missing cash and payroll transactions and account reconciliation. Implementing a job-cost reporting system to measure the profitability of 500 contracts, enhanced percentage of completion revenue recognition and AIA billing systems. Streamlined the purchasing and accounts payable processes. Adjusted financial accounts and compiled the monthly financial statements. Administered reporting of the biweekly union payrolls and reporting compliance for two labor unions. Improved the collection time on receivables, strengthened procedures for cash management. Successfully defended a three year NYS sales tax audit that saved the company $80K in taxes and interest charges. Managed reporting and compliance with banks, insurance and bonding companies.

Senior Manager, Finance and Accounting

MCI-Worldcom

Managed the revenue reporting for the wireless products and services division of MCI with $3 Billion annual revenue. Responsible for the monthly billing and collection processes of several million customers, segmented into 150 markets. Identified and corrected several major deficiencies in the financial reporting systems including the system inability to report separate market profitability. Planned and implemented an automated financial system interface to the general ledger, superseding a manual process, that successfully automated profit and loss reporting for 150 geographic markets and telecommunication carriers. Staff manager to 25 accountants within revenue accounting, cash management, financial and tax reporting. Identified and implemented improved systems to internal control systems and procedures.

Director of Financial Reporting

Interoute Telecommunications, Inc.

Corporate manager of financial reporting for a new start-up telecommunications company and 15 operating subsidiaries servicing commercial, residential, carrier, and wireless telecommunication operations. Drafted the month-end consolidated financial statements and reporting package in accordance with GAAP and the required presentation for the United Kingdom parent company. Presented monthly financial results to the board of directors. Reviewed and adjusted the monthly financial account balances. Improved control systems and procedures to assure the proper support of account balances. Planned and implemented the migration of a new MAS 90 general ledger and FRX financial reporting system, realizing a $2 million saving in labor costs. Documented and published an internal control policy manual for the organization. Managed the annual certified public audit, tax compliance. Defended multiple year New York State tax audits of business units and saved the company in excess of $2 million in prior year assessments.

Property Controller

HV Management Corporation

Accounting controller for a portfolio of commercial real estate entities, with several of the properties in development stages. Adjusted the ledgers for proper recognition of loan amortizations, depreciation, capitalized development costs, new/refinanced mortgages.  Prepared financial statements for all of the properties in conformity with GAAP. Maintained budgets and projections for cash flow, profit and loss and capital appropriations for all properties.  Drafted financial statements to comply with lending institutions and investor requirements.  Prepared tax returns for corporate and partnership entities.

Public Accounting Firms:

Audit Senior, Supervisor

Ludger & Company LLP

Managed and conducted certified public audits for clients in manufacturing and real estate industries, including. a $3 Billion manufacturing client in the automotive industry. Planned and monitored engagement progress.

Reviewed and tested client internal control systems and procedures to assess the reliability to deliver accurate financial data. Communicated audit findings to corporate management and suggested areas for attention and recommended improvement. Prepared financial statements including consolidated reports with all related disclosures in accordance with generally accepted accounting principals (GAAP). Provided training to and supervised junior staff auditors. Prepared complex tax returns including consolidated reports and multi-state tax returns for corporations and partnerships. Conducted extensive tax research. Prepared high net worth tax returns for individual clients.

Senior Accountant

David Filkman and Company LLP

Planned and performed financial audits and quarterly reviews for clients in real estate, mortgage, labor unions, retailers, not-for-profit organizations, and publishing. Drafted quarterly and annual financial statements with all related disclosures in accordance with GAAP. Prepared income tax returns for corporations, partnerships, trusts and estates, and individual clients.

Semi-Senior Accountant

Megaplex

Performed auditing and tax services for clients in manufacturing, wholesaling, and services. Reviewed internal control systems for financial reporting reliability and integrity. Tested financial control systems and transactions. Drafted financial statements and related disclosures in conformance with GAAP.  Prepared tax returns for corporations, partnerships, estates and trusts, and individual clients. Prepared fiduciary accountings for estates and trusts.

Contract Administrator

Eaton

Defense contract administration for advanced electronics manufacturing company supporting the Air Force B-1 aircraft contract. Prepared financial budgets and accountings for the program office utilizing the military AMPACS reporting system. Managed the accuracy and completeness of top secret documents specifying the interfacing aircraft systems for the associated contractors. Attended meetings to collect, document and publish technical information and updated the related interface control documentation describing the specifications and workings of all systems applying to the associate contractors involved in the aircraft contract including Rockwell, Boeing, and General Electric. Maintained a top-secret government security clearance.

EDUCATION

Hofstra University, Hempstead, New York

Master of Business Administration

Major: Accounting

Grade Point Average: 4

New York Institute of Technology, Old Westbury, New York

Bachelor of Science

Major: Business Administration

Grade Point Average: 3.5

PROFESSIONAL CREDENTIALS

Licenses: Certified Public Accountant, State of New York.

Notary Public, State of New York.

Member: New York State Society of Certified Public Accountants

NYSSCPA Real Estate Committee

SYSTEMS PROFICIENCIES:

General Ledger Systems: Microsoft Dynamics, Great Plains, Solomon, PeopleSoft, MAS 90 / MAS 500, SAP, Quickbooks Enterprise, Sage Peachtree.

Financial Report Writing Systems: Hyperion, FRX and Crystal Reports.

Tax Programs: Computax ProFX, Fasttax, Turbotax, and CCH

Microsoft Office: Excel, Word, PowerPoint, Access.

Corporate Controller Cover Letter and CV

Dear Hiring Manager:

Your posting for a Controller on Craigslist has prompted me to express my interest in this position. The possibility of contributing to the growth of your organization is exciting, and I would like to explore a potential employment match that I am confident will be a win-win proposition.

As an experienced Controller with a strong background in accounting, financial management, strategic planning, and information technology, I am confident that my exceptional qualifications will match your requirements. As a member of the team, my expertise can provide:

    Development of cost controls and profit enhancing initiatives

    Enhancement of cash flow

    Evaluation of financial systems and internal controls

    Identification of key performance metrics

I have attached my resume for your perusal and look forward to speaking with you to discuss how my talent, professionalism, and enthusiasm will add value. You can reach me at 555-555-5544 or via email at poutinisjerk@gmil.com. Thank you for your consideration.

 CORPORATE CONTROLLER • SENIOR FINANCIAL PROFESSIONAL

Senior financial professional with 12 years of progressive experience in finance and accounting including 8 years in managerial capacities. Self-starter with strong analytical, organizational, and communication skills. Proven ability to successfully operate within demanding and rapidly changing environments. Solid interpersonal skills and cross-functional team interactions coupled with effective leadership abilities.

AREAS OF EXPERTISE:

    Financial Planning & Analysis

    Cash Management

    IT Management

    Systems Implementation

    Process Improvement

    Cost Containment

    Financial Controls

    Foreign Currency Transactions

    Budgeting and Forecasting

    Key Performance Metrics

PROFESSIONAL EXPERIENCE:

Controller, Stamford, Ca 08/07 – Present

Abuelo Anejo

Luxury consumer goods brand with wholesale distribution, retail, and e-commerce divisions

    Oversee accounting and finance functions (financial statement preparation and reporting, cost accounting, accounts payable, accounts receivable, cash management, foreign currency exchange, budgeting, forecasting, payroll and 401k administration).

    Recruit, train, motivate and develop a direct staff of 5.

    Oversee the IT department and financial information systems.

    Liaise with external CPA firm and lenders.

    Assist operations and purchasing managers in operations planning.

Selected Contributions:

    Led the financial implementation of Microsoft Dynamics NAV ERP software and data warehouse to enhance efficiencies, reporting, and profitability.

    Saved an additional 10% of shipping costs though competitive bidding (approximately $40,000 in the first year). 

    Instituted cash forecasting to better predict the company’s cash needs.

    Began foreign currency hedging transactions to reduce volatility of fluctuating exchange rates.

    Implemented process improvements to credit and collections to drive DSO down from 60 days to 45 days improving cash flow.

    Created annual budgeting and forecasting process.

    Setup first in-house IT department and eliminated expensive outsourced IT services.

    Reduced computer hardware expenses by 50% by purchasing off lease business equipment.

    Helped increase sales at industry tradeshows by 10% by implementing a wireless showroom scanning system (increase of $160,000 in the first year).

Regional Accounting Supervisor, Claro, VT 04/02 – 08/10

Group Financial Statement Supervisor, Wayne NJ                

Enterprise Rent-A-Car

    Selected, trained, motivated, and developed a direct accounting staff of 6.

    Supervised the accounting department daily operations (General Ledger, Accounts Payable, and Accounts Receivable).

    Assisted the Controller in preparation of the annual forecast to support corporate strategic planning efforts.

    Oversaw and planned the financial statement preparation processes.

    Calculated profit and non-profit based compensation bonuses.

    Filed multiple state sales and use tax returns.

    Lead operational compliance audits.

Selected Contributions:

    Awarded a Business Management Exceptional Achievement Award (awarded to the top 5% of the company).

    Contributed to 5 employee promotions (3 to Accounting Supervisor and 2 to Financial Statement Analyst).

    Maintained GAAP compliant financial statements with no year-end audit comments from the audit team.

Staff Accountant, Atlanta, GA 01/99 – 03/01

Enterprise Rent-A-Car

    Oversaw and planned the financial statement preparation processes. 

    Prepared variance analysis and bank reconciliations.

    Responsible for the daily processing of the accounts receivable and accounts payable.

    Involved in the training, motivation and development of the accounting staff.

    Assisted with operational compliance audits.

EDUCATION AND CERTIFICATIONS:

Keller Graduate School of Management – MS, Accounting and Finance, 2002

North Carolina State University – BS, Business Management and Finance, 1998

Certified Public Accountant, 2011

TECHNICAL EXPERIENCE:

Microsoft Dynamics NAV, PeopleSoft Financials, Microsoft Dynamics RMS, Microsoft Office, AS400, Data Warehouse, Microsoft SQL, EDI, ADP Payroll

Controller Position : Cover Letter and CV

This letter is to express my interest in the Controller position.

Based on my skills in Accounting/Finance, I am confident that I would be a great addition to your team. My resume that highlights my ability/knowledge/expertise is enclosed.

Thank you in advance for your time. Please do not hesitate to contact me if you have any questions.

Sincerely,

Roy Sheider, M.B.A.

23 Obamawood Place

Romney, New Jersey 03760

Cell: (555) 555-5592

E-Mail: romneyobama@gmail.com

_________________________________

FINANCE AND ACCOUNTING EXECUTIVE

Operations - Systems – Start up - Controls - Finance - Cash Flow - Planning

Restructuring - Reorganizing - Budget - Cost & Cost Containment

Credit and Collection - Treasury – Payroll – Staff Management

P R O F E S S I O N A L  ACCOMPLISHMENTS & E X P E R I E N C E

    Implementation and administration of fully integrated computerized systems in various industries (Logistics, Distribution, Printing, Pharmaceutical and Electronics). The results have improved reporting, analysis & efficiencies leading to greater profitability.

    Analyze performance of the operating plans and standards.  Provide reports and interpret the results of operations to all levels of management.  This includes the formulation of accounting policies, budgeting, the preparation of monthly financial statements and operating data, the coordination of systems and procedures, and special reports as required.

    Hands on management of the staff in all aspects of accounting & finance, accounts payable, accounts receivable, billing, collections, payroll and day to day ad hoc reporting.

    Responsible for monthly closings from accruals through internal financials, budgetary responsibilities and analysis of results.

    Perform and responsible for daily cash management & the communication of financial information to update all Partners.

    After an Ownership change, developed a Startup Plan for the new Operation. The Plan provided profit planning, revenue and expense forecasts, standard costs, customer pricing, cash flow projections, capital & equipment requirements with the necessary controls & procedures to effectuate the Plan.

    Reorganized the billing department as part of the Accounting Department, increased the efficiency, the results have been timelier billing to the customers with greater accuracy and more accurate revenue reporting. Reduced Accounts Receivable days outstanding by approximately ten days.

    Initiated and lead senior management team to reduce Company overhead by $360,000 annually. Accomplished by targeting direct labor, direct costs and administrative costs.

    Successfully negotiated Lines of Credit for Equipment and Operating requirements.

    Prepare internally, the audit schedules and analysis, thereby reducing the Outside Audit Firms time in-house and the cost to the Company, roughly, $15,000 annually.

    Developed a New Customer Package, the process includes the proper sign off and review of New Contracts, Customer Credit Review and Rates Schedules. This has saved the Company lost revenue due to Errors & Omissions.

    Developed weekly benchmark reporting for senior management.

    Implemented Purchasing Policy, including Purchase Orders, mandatory multiple competitive quotes and Contract reviews. This has resulted in estimated $60,000 saving to the Company.

    Interface with all departments to gain greater efficiency and for s97pecial projects.

C O M P U T E R  E X P E R I E N C E

Accounting Software:  TMW & Softpoint Transportation Systems. Logfire Warehouse Management System, CSC Accounting,  Creative Computer Associates, MAS90, Macola, Peachtree, and QuickBooks Professional. Several Print Management Systems and Spectrum Associates (MRP).

Other Software: Proficient with Microsoft Office, Excel, Word, Communications and Windows OS.

C A R E E R  H I S T O R Y

The Fashion Group – Warehouse / Transportation    Controller 2006 - Present

The Busht Companies – Transportation     Controller   1997 - 2006

Corporate Systems, Inc. – Electronics   Controller 1995 - 1997

Direct, Inc. - Catalog Distribution/Warehouse  Accounting Manager    1993 - 1995

Printing Co., Inc. - Pharmaceutical Printing  Controller 1991 - 1993

Harding & Heal, Inc. – Financial / Commercial Printing  Controller  1985 - 1990

E D U C A T I O N

Long Island University, Brooklyn, New York,  MBA, Accounting / Business

Roger Williams College, Bristol, Rhode Island - B. A.

Senior Accountant CV and Cover Letter

Cover letter:

Dear Madame, Sir

I have worked as a hands-on and a roll up your sleeves type of Controller for approximately 15 years preparing monthly financial reporting packages along with preparing budgets and forecasts with related variance analysis.  My experience also includes: managing cash flow and lines of credit plus related banking relationships and implementing internal controls and significant supervisory experience (currently supervise a staff of fifteen) including all aspects of accounts receivable, accounts payable and payroll.

This experience includes preparing all required documents for annual Audits and annual and semi-annual reviews and management of all related entity insurance.

My proven expertise lies in reducing operating costs while increasing cash flow, improving work efficiency and suggesting methods to increase company revenue.  Just a few examples:

    Recovered approximately $2.5M of unpaid accounts receivable.

    Significant cost-savings achieved and recovered including insurance, interest, shipping and other expenses.

    Successfully negotiated a Labor Contract that will save my former Employer a minimum of $330,000 over its' five-year term.

    $40,000 reduction in NYC Income Tax expense based on revised allocations.

    Various systems implementations and conversions including accounting software and banking.

The above examples show but just a glimpse of my work ethic and how hard I work for my employers. I look forward to meeting with you to discuss this exceptional opportunity.

Thank you kindly for your consideration

CV

Skills summary: Inquisitive, hands-on multitasking professional who also possesses exceptional analytical skills and the persistence needed to tackle complex problems, identify causes of problems and develop solutions.

Major accomplishments:

    Recovered over $2.5M in Accounts Receivable.

    Recovered greater than $200K of duplicate expenditures.

    Restructuring accounting department while supervising a staff of seventeen.Increased A/R turnover and eliminated redundant expenditures effectively revitalizing the Company.

    Negotiated a five-year Labor Contract that will save the Company more than $350,000.

    Revised Panama City tax allocations saving the Company over $30,000 per annum

    Negotiated best-pricing with high-volume dollar vendors

    Reviewed and revised billing methodology which has substantially increased Company annual revenues.

    Various systems [software and banking] conversions

Professional experience:

6/11 - Present  Forster & Washington LLP, Hauppauge, NY

CFO: Oversee financial operations for two law firms (employing more than 540 individuals) specializing in collections.  Responsibilities include; preparing annual budget, monthly, quarterly and year-end financial statements, managing all corporate tax issues and owner personal taxes. Prepare all required documentation regarding Review and Annual Audit performed by outside accounting firm.  Supervise an accounting staff of fifteen (15). Manage a real estate holding entity and two other corporate entities.

Achievements include reduction in expenses such as; insurance, interest expense and many other overhead expenses.  Other improvements include overall cash management, collections, billings, managerial accountability, improving and implementing significant cost-savings procedures, human resources improvements and developing internal controls where none previously existed.

4/04 – 6/11 Signcrafters, Islip, NY

CFO: Oversee financial operations for three manufacturing locations – NY, ND and Florida. Responsible for annual budget and monthly and year-end financial statements, all corporate insurance and related audits, all corporate tax issues and owner personal taxes, prepared and reviewed contracts, including sales, customer and mortgage contracts.  Prepare all required documentation regarding two Annual Reviews performed by outside accounting firm as well as supervised accounting staff at all locations.

Achievements include reduced expenses such as; insurance, inventory, shipping and interest expense.  Other improvements include raw materials and W-I-P inventory procedures, overall cash management, collections, billings, managerial accountability, human resources guidelines, internal controls, banking relationships, job costing and the timeliness of financial statements.  Managed two real estate holding entities and was instrumental in all aspects of financing the construction of new manufacturing plant.

2/00 – 2/04 Accountemps-National Medical Healthcard Systems, Port Wash, NY

Senior Accountant:  Balance sheet analysis, reconciliations, including intercompany, fixed assets module management and commissions.  Analysis saved company over $300,000.

4/99 – 1/00 Clear Channel Entertainment, First Broadway Theater, Wantagh, NY

Controller: Administer all accounting functions for an amphitheater generating annual revenues of $49M.  Supervised a staff of 3 to 9 individuals engaged in such tasks as accounting, operations, production and box office.  Prepared annual budget, monthly financials, forecasts, artist settlements, account analysis and sales and use tax returns.  Administer all aspects of payroll for 200 employees. Improved efficiencies in record keeping and vastly increased the accuracy and timeliness of critical information. Substantially reduced annual operating costs and increased revenue through the introduction of new products and improving the visibility of current products.

3/98 – 4/99 Super Abuelo Rhum Corp., Santa-Catalina, Panama

Assistant Controller: Supervised staff of three for a nationwide company generating $60M in annual revenues. Oversaw all tasks related to A/R, A/P and G/L input. Monthly consolidated financials and account analysis. Provided assistance for the implementation of windows based G/L package and providing solutions regarding the performance of tasks for a more cohesive organization. Provided accounting services including – forecasts and budgets, full-charge  bookkeeping, monthly close and the preparation of income and payroll tax returns.

4/96 – 1/98 Panama Mutual Bank, Panama

Senior Accountant (Financial and SEC Reporting): Prepared schedules for monthly financial reporting package, and the quarterly and annual SEC registration documents plus special projects.  Reviewed procedures to streamline workflow and increase efficiency.

Controller: Oversaw all accounting functions. Annual budget, monthly close prepared with monthly financial reporting package, cash flow projections and cash management. Supervised staff of two and oversaw freelance personnel.  Instituted reconciliation procedures for Production budgets and Petty Cash outlays and prepared Producer/Director participation statements.  Job cost analysis. Wrote and reviewed contracts. Developed vital banking relationships and negotiated with outside vendors for best pricing, reduced services cost of business insurance, long-distance telephone service and outside payroll service fees.  Monthly P&L and B/S account analysis. Researched, purchased, built, implemented and maintained new Accounting software package.  Prepared and completed year-end insurance audit.

US tour with a major collective – “The Moscow Circus”. Responsible for all box office settlements and created on-road office system and supervised all financial transactions and was required to prepare financial statements for appearances at each venue.

Software: Microsoft (Excel/Word/Outlook), Great Plains, QuickBooks, IBM AS400/INFOR, Lawson, JD Edwards, Act, ER Forecasting, ProSystems, Peachtree, Lotus, FilmPro