EXECUTIVE FINANCIAL OFFICER / CONTROLLER
Start-up, Turnaround & High-Growth Organizations
Distributor & Manufacture / High-Tech & Government Contractor
QUALIFICATIONS PROFILE
Solution-oriented, multifaceted Senior Financial Executive with
demonstrated expertise in building top-performing organizations.
Outstanding accomplishments in business start-up, turnaround, and
financial/operational management across diverse industries, reinvigorating
organizational infrastructure, inventory, processes and financial
measurement systems. Delivered strong and sustainable cost efficiencies
through process redesign and performance management.
Core Competencies
Setting Up/Rebuilding Financial Systems
Forecasting, Reporting & Analysis
Corporate Finance & Asset Management
State/Federal Regulatory Reporting
Internal Control & Risk Management
Staff Management & Performance Building
Strategic Planning, Execution & Management
Budgeting & Cash Flow Optimization
Banking/Finance Liaison/Negotiation
Government Contract Compliance
Evaluation/Monitoring of Insurance Needs
Shareholder Communication
PROFESSIONAL EXPERIENCE
2009 - Present iControl Systems USA, LLC.
Rockville, MD
Assistant Controller
iControl is the leading provider of newspaper billing consolidation, SBT
and category support services in North America. iControl has roots that go
back 65 years in the periodical business. We understand the business from
all angles, making us a partner our clients - such as CVS, Safeway, Barnes
& Noble, and others, can count on for the long haul. The revenue is around
$200 million. www.icontrolusa.com
Responsibilities and Achievements Include:
. Develop and periodically update all budgets and financial projections
for management team;
. Process monthly & annual accounting closes, produce financial
statements along with related financial performance evaluations and
detailed analysis;
. Initiated and developed performance evaluation / cost analysis
methodology and analytical tools required to establish financial
responsibility goals for each functional area and to monitor the
performance of each team and its members.
. Produce all required tax filings, manage all corporate insurance
programs and monitor compliance with federal, state and local
governmental requirements.
. Oversee human resource department and its activities;
. Communicate with the board of directors, stockholders, etc.
2008 - 2009 Watkins Meegan Drury & Company, LLC.
Vienna, VA
Senior Accountant
Watkins, Meegan, Drury & Company, L.L.C. (Watkins Meegan), is a certified
public accounting and consulting firm, which is ranked as the 11th largest
CPA firm in the metropolitan Washington, D.C. area and a top 100 CPA firm
in the nation. The firm provides traditional accounting, auditing, and tax
services as well as business and financial advisory services, internal
auditing, outsourcing, litigation support and business valuations,
information technology, healthcare, and other related services.
www.watkinsmeegan.com
Responsibilities and Achievements Included:
. Completed the largest consulting engagement in the history of Watkins
Meegan's Virginia office. The engagement involved a Virginia based C-
corporation that had experienced a large embezzlement of funds.
Conditions in the client's office included the misstatement, confusion
and general disarray of Company records that often accompany internal
theft situations as dishonest employees attempt to hide what they have
done. During this engagement, I served as the client's controller,
while other Watkins Meegan team members fulfilled the business's
remaining financial roles and responsibilities. In addition to day-to-
day accounting and financial requirements, we conducted a full
forensic audit of the client's books and records dating back three
years. During the engagement, I personally discovered and corrected
more than $1,000,000 in equipment sales that had not been recorded.
As a result, the client recorded these previously unrecorded sales and
collected the related customer cash payments. To prevent a repeat of
such occurrences in the future, I also produced standard operating
procedures to govern the receipt, security, handling, shipment and
invoicing of equipment sale activity, as well as the related
maintenance of equipment sale accounts receivable and their subsequent
collection. As a result of our efforts, the client's financial books,
records and financial statements have become reliable and usable as
management tools, and the Company has become profitable.
. Helped several Watkins Meegan government contractor clients review
their books and records, and provided business analysis, as necessary.
. During tax seasons, I also worked with Watkins Meegan's tax department
to provide client tax plans and to produce client tax returns for C-
corporations, S-corporations, trusts, partnerships and individuals.
2005 - 2007 ProcessFlo, Inc.
Edison, NJ
Controller
ProcessFlo is a leading distributer of pumps and pumping equipment in the
northeastern United States with revenues totaling approximately $40 million
in 2007.
Responsibilities and Achievements Included:
. Reported directly to the president. Supervised the accounting and
internal administrative departments. Managed / supervised a staff of
four.
. Reviewed all transactions daily, maintained accounting system and
handled all accounting issues including those related to general
ledger, accounts payable, accounts receivable, internal control, cash
flow, monthly and annual accounting closes, taxation, etc.
. Negotiated contracts including those related to the purchase of
inventory and the shipment thereof.
. Managed work-in-process accounting. Produced annual budgets and
updated same monthly to account for changes in business trends.
Responsible for customer relationship management including the
approval of customer credit accounts, the setting of credit limits and
subsequent collection of accounts receivable. Also managed supplier
relationships and handled legal activities;
. Developed new productivity standards and tracking methods used to
establish and monitor the performance of individual sales personnel.
These new methods and standards replaced those used at ProcessFlo and
throughout the industry for more than thirty years. The new methods
and standards continue to be used by management and stockholders to
evaluate performance and productivity.
. Developed standard operating procedures, which covered all corporate
departments and functions. Known within ProcessFlo as the "Bible",
these procedures introduced concepts widely used in high-tech
companies, but not generally used in the manufacturing and
distribution industries.
2002 - 2005 Gong Shing Corporation
Philadelphia, PA Gong Shing is an Asian held real
estate development and property management company, with nine subsidiaries
whose primary offices are located in Pennsylvania, Florida and Missouri.
Most Asian supermarkets in Philadelphia, PA were developed by Gong Shing.
Vice General Manager & Controller
. Supervised accounting record/report program for the headquarters and
its nine subsidiaries;
. Reviewed large real estate investment opportunities for the HQ and
subsidiaries;
. Responsible for negotiations related to the acquisition of large
properties and projects;
Accounting Supervisor
. Responsible for all accounting activities at headquarters and
supervised 3 staff accountants;
. Reviewed financial reports for several subsidiaries;
Assistance to President
. Handled accounting report/taxation for the headquarters;
. Dealt with property management programs in Philadelphia.
2002 Accountemps, Inc.
Philadelphia, PA
Senior Accountant
. Maintained General Ledger & prepared monthly financial statements;
. Prepared budget and verified its implementation;
1992 - 2000 Beijing Zhenxing Feedstuff Corp.
Beijing, China
Co-founder & President
Founded in 1992 by four young college graduates with an initial
capital investment of 700 Yuan (less than $100), Beijing Zhenxing Feedstuff
Corp. produced animal foods in a suburb of Beijing, China. After several
years of hard work and business success, Beijing Zhenxing Feedstuff Co.
operated one animal food factory and five farms raising about 20,000 pigs
annually. The Zhenxing brand of animal foods became a household name
throughout eastern China. By 2000, the company's valuation exceeded 5
million Yuan (0.6 million U.S. dollars) with revenues totaling 10 million
Yuan (1.2 million U.S. dollars).
EDUCATION & PROFESSIONAL DEVELOPMENT
Master in Accounting Rider University May 2004 Lawrenceville, NJ
BS in Physical Tsinghua University July 1990 Beijing, China
Chemistry
AFFILIATIONS & PROFESSIONAL MEMBERSHIPS
Board Member: The Chinese Scholar Friendship Associates
The CSFA is a NY registered non-profit organization to improve
Sino-American culture exchange and devote to improvement of
human rights and democracy in China.
Director in Public Relationship: The Chinese Finance Association
The Chinese Finance Association (TCFA) is a registered non-
profit organization aimed at facilitating the exchange of ideas,
knowledge and information on education, research and practice in
finance and related areas between the US and China. TCFA seeks
to bring together the collective wisdom and expertise of
scholars and professionals active in the field of finance in an
effort to help the development of capital markets in China. TCFA
further seeks to serve as the central venue to service its
members in their professional development.
Member: Beta Alpha Psi.
BA? is an international honorary organization for accounting,
finance and information systems students and professionals.