owais a. shamsi

Home: 501-***-**** Mobile: 501-***-**** acflbs@r.postjobfree.com Little

Rock, AR

financial Operations / Accounting Manager/Cost Accountant

Accomplished controller in manufacturing, warehousing and product

distribution environments. Financial reporting, analysis planning and

accounting skills accompanied by strong team management skills and exposure

to project management and budgets. History of reorganizing, streamlining

and strengthening financial operations to maximize performance and

profitability of private firms. Experience in small lean environments as

well as large corporate structures. Acknowledged ability to interface

effectively across the organization and solve problems in the broader

organizational context. Implemented a new ERP system from with several

accounting modules.

Experience Includes:

Full-Cycle Accounting Payroll Processing Interface with Marketing and

Sales

Financial Statement Bank, A/P & A/R Interface with Engineering and

Preparation Reconciliation Factory Floor Supervisors

Cash Flow Management Staff Training Negotiating Leases

Month End Closing ERP Implementation Diplomatic Complaint

Prepare Journal Entries MAS 90 Resolution

Budgeting Project Management Group Benefit Administration

QuickBooks Premier/Pro

Professional Experience:

Century Industries, Little Rock, AR

2013 - Present

Accounting Director

Under the direct supervision of the CEO, responsible for the overall

management of the Accounting and Administration Departments. Also involved

in strategic planning, financial analysis, HR and problem resolution.

Direct entire accounting function in accordance with GAAP, with full

discretion and oversight of general ledger functions.

> Responsible for managing and maintaining cost analysis and cost

containment strategies.

> Review collections of A/R, A/P and payroll procedures.

> Review G/L accounts for accuracy each month, correct any

discrepancies.

> Create and process journal entries as necessary.

> Recommend and develop policies, procedures and systems to meet company

objectives.

> Responsible for bank, purchase order and inventory reconciliations.

> Generate, distribute and file financial statements.

> Evaluate, coach and motivate employees within the Accounting/Admin

department.

> Assist other manager with personnel issues as they arise.

ARMA Design, North Little Rock, AR

2009 - 2013

Finance Manager

Manage financial and accounting functions for an electronic engineering

design and electronic components manufacturing company. Direct budget and

cost controls for several departments. Accountability extends to financial

statements, profit/loss and cash flow analysis.

> Responsible for managing engineering and manufacturing projects,

including maintaining labor and material cost information and

informing Project Management.

> Report directly to the CEO on all cost information and over budgeted

projects.

> Establish annual budget and forecasts and explain and resulting

variances to the CEO and CFO.

> Improved project management by streamlining communication and document

flow between two office locations.

> Manage all Accounting and HR functions for 2 offices.

> Consolidated all Accounting and Administrative functions, resulting in

savings of over $25,000 a year.

> Improved all Accounting functions and created comprehensive Accounting

Process manual for the company.

> Prepare month end journal entries and all financial reports.

> Perform all bank, credit cards, and Purchase Order Reconciliations.

> Responsible for all Accounts Receivable and Accounts Payable

activities.

> Keep the Depreciation Schedule updated. Calculate depreciation cost

for the Financial Statements.

> Prepare biweekly payroll and all payroll tax reports.

L'OREAL USA, Little Rock, AR

2008 - 2009

Financial Accounting Manager

Supplied management with the analyses necessary for the effective

management of the plant. Analyzed potential deviation of risks in terms of

results. Identified key areas of improvement, provided alternatives

sources for cost savings to enhance the plant performance. Assisted in

enforcing deadlines for month-end, trend analysis, and budget reports.

> Participated on a consumption task force to identify and correct

excess consumption of components and bulk on the plant floor.

Recommendations resulted in yearly savings of 10K on one manufacturing

line.

> Prepared month end journal entries and financial statements. Analyzed

trends and operating costs.

> Supervised a team of two accountants with costing of new products for

launches and cycle programs. Submitted estimated cost to corporate

marketing for planned launches.

> Validated the industrial cost price during the year and for budgets.

Examined changes in bill of material, components and manufacturing

methods to determine effects on costs.

> Coordinated across several departments to gather purchasing, labor and

logistical information. Acted as a liaison between corporate

marketing and accounting division.

> Prepared and analyzed the weekly and monthly manufacturing variance

reports and alerted management of any drifts.

> Calculated trends for the year in costs based on projected production

plan. Calculated all plant Overhead rates for budget purposes.

> Designed updated procedures of restricted access of inventory

transaction for better internal control.

BIONET ESTHETICS, Little Rock, AR

2003 - 2008

Accounting Manager

Managed complete business operations of a start-up manufacturing and

distribution firm, including oversight of $4M budget. Supervised a team of

20 cross-functional employees. Worked closely with major distributors and

resellers such as American Laser Centers and Spenco. Directed entire

accounting function in accordance with GAAP, with full discretion and

oversight of general ledger functions.

> Worked with the CEO to ensure corporate directives are being

implemented and functions operating efficiently.

> Led initiatives to optimize financial leverage and health of entire

firm, reporting directly to the CEO. Implemented MAS 90 ERP system

that improved inventory management and delivery times, resulting in

savings of $50,000 in the first year.

> Provided CEO with reports comparing factors affecting prices and

profitability of products. Explained monthly budget variances to CEO

and CFO. Interpreted and reported any discrepancies.

> Determined the best valuation methods to use for manufactured

products.

> Examined changes in Bill of Material, raw material and manufacturing

methods to determine effects on cost.

> Performed inventory control on a weekly basis. Implemented internal

controls to avoid surplus and inventory loss resulting in savings of

over $30,000. Coordinated with Inventory Control and Shipping

department to keep cost and quantity information up to date.

> Created new policies and procedures. Initiated new return policy,

directed improvement in terms and discount management, and obtained

lines of credit from existing and new vendors enhancing firm's cash

position.

> Directed work flow, supervised and trained accounting and

administrative staff performing postings to accounts receivable and

payable accounts.

> Responsible for bank, purchase order and inventory reconciliations

> Prepared payroll for employees and for all monthly, quarterly and

yearly payroll tax reports.

Education

SOUTHERN ILLINOIS UNIVERSITY, Carbondale, IL 1999-

2003

Bachelor of Science in Accounting

Technical Skills

Microsoft Excel, PowerPoint, Outlook, Access, MS Dynamics Great Plains, MAS

90 Manufacturing and Distribution Suite of Modules, Lawson, Business Works,

QuickBooks Premier edition 2010, 2011 and Quicken.[pic]

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