Accounting Manager Health Care

Brian W. Waits

**** ******* ***** **. ***. ***•Kennesaw, GA 30152

Cell: 678-***-**** • Email: ad5cyq@r.postjobfree.com

EXPERIENCE

ASP Global, LLC July 2014 – January 2024

Accounting Manager – Inventory

Managed all aspects of accounting for inventory and cost of goods for a rapidly growing international sourcing and distribution company in the health care industry.

Corporate treasury functions – Provided input and analysis for cash forecasting. Scheduled and processed international wire payments and processed cash receipts.

Responsible for all cost of goods, inventory, AP trade and prepaid activities in Income Statement & Balance Sheet for month end and annual closes.

Participated in the annual audit with a focus on inventory, product costs, logistics costs, and trade payables.

Managed all functions of inventory accounting including product purchases, receipt of goods, cost, monthly reconciliation of the general ledger inventory to the sub-ledger, physical inventory cycle counts and the annual warehouse physical count.

Reported and analyzed monthly expenses for two subsidiary offices based in China.

Prepared a monthly financial reporting package for a subsidiary trading company based in Hong Kong.

Maintained the Fixed Assets ledger and calculated monthly depreciation expense.

Worked directly with two subsidiary company offices in China to coordinate cash forecasts and payments of goods from various factories in the Far East.

Prepared monthly calculation and analysis of the excess and obsolete inventory reserve.

Prepared monthly account reconciliations for all inventory, fixed assets, trade payables, all prepaids and deposits (30+ accounts).

Provided monthly analysis and forecast of international ocean borne and air freight logistics costs.

Tracked and analyzed customs import duties and tariff costs while developing a working knowledge of US customs regulation and reporting.

Worked on development and implementations of Esker - accounts payable processing software, Epicor – ERP.

RaceTrac Petroleum, Inc. January 1989 - July 2013

Accounting Manager – Metroplex Energy, Inc. (Subsidiary of RaceTrac Petroleum, Inc.), 2000 – July 2013

Responsible for an accounting department which processed and reconciled $3 billion+ (2012) annual sales and purchases (bulk, wholesale fuel distribution), continually modifying and updating processes to accommodate ever changing business and industry requirements and growth in sales volume. The accounting staff grew from one accountant/manager in 2000 to include two additional staff accountants and one accounting associate.

In 2008, I had the primary accounting/user role in building a new solution to move all core accounting functions for Metroplex Energy, Inc. from Microsoft Excel to a J. D. Edwards ERP system. This role encompassed current process mapping, new system concept, design, set-up, testing, migration of historical data, user training and implementation to a production environment. My role also included participation in a larger company wide ERP implementation to facilitate all core accounting functions.

Established and maintained accounting processes for energy commodity and derivative trading activity. This included mark to market calculations, adherence to internal and governmental trading limits and guidelines and adherence to GAAP standards for recording hedging and derivative transactions.

Managed and reviewed the reconciliation of 30 to 40 G/L balance sheet accounts monthly and interacted with the related internal departments to correct accounting discrepancies. I also provided additional analyses for these accounts to satisfy the requests of external auditors.

Developed a monthly financial reporting package for Metroplex Energy Inc. which included a balance sheet, income statements

by business segment and other related schedules and analyses as requested by management. As a senior manager, I also participated in the ongoing development and review of financial and management reports produced for the parent company (RaceTrac Petroleum, Inc.).

Reviewed support documentation and calculations for monthly closing general ledger entries, allocations, corrections, adjustments and accruals, as prepared by the accounting staff.

Continually addressed the information and support requirements of other internal departments. This included procurement, tax, finance, banking, legal, IT, cash management, RaceTrac corporate accounting department, external and internal audits. In particular, Metroplex accounting worked closely with tax accounting to provide data for monthly fuel excise tax filings and participated in a major software initiative to improve the fuel tax reporting process.

Managed the accounting/tracking and government required compliance reporting for biofuel credits (RINS). I was also responsible for development of a system to report biofuel credit activity and complete an annual compliance audit, as mandated by the Environment Protection Agency.

Designed ad-hoc financial reports for operating management as well as financial accounting management, using various database and reporting tools.

Monitored and reviewed accounting and related system reports for accuracy and completeness.

Interacted with internal and external auditors to complete year-end financial audits, as well as various other governmental compliance mandates and internal audits and reviews.

Delivered value to the company by finding and eliminating waste, making the complex simple, and reducing time required for necessary activities.

Initiated process improvements and system enhancements that increased organization efficiency/effectiveness.

Manager – Accounting Special Projects, 1998 -1999

Worked with IT department to document accounting department processes and procedures and develop new systems and procedures to make those processes more efficient.

Evaluating and updating the financial and analytical reporting needs of management.

Developing query tools to allow management to extract and review ad hoc data

Migrating manual processes supporting the accounts payable – fuel team to PDI accounting software.

Research and documentation for transition to ERP software solution for fuel accounting.

Manager – Inventory Accounting 1997 -1998

Responsibility for the weekly processing and review of all sales, inventory and cash reconciliation reports for a large multi-location retail convenience store chain.

Managing a staff of eight associates which reviewed data quality and interacted with field personnel to resolve and explain variances and unusual results.

Perform a timely, weekly close process and produce sales and gross margin data reports to operations and senior management.

Manager – Payables and Reporting (Fuel Accounting) 1994 – 1996

Responsibility for reconciliation, processing and payment of all fuel inventory and transportation purchases for a large multi- location retail convenience store chain.

Managing a staff of 12 associates and one supervisor which reconciled vendor invoice quantities received to retail store inventory reports, validated price and facilitated payment to meet vendor payment deadlines.

Perform a timely, weekly close process and produce fuel margin and volume date reports to operations and senior management.

Manager – Financial Accounting August 1989 – 1993

Responsible for closing the company’s books monthly and issuing an extensive financial and analytical package to management and other external parties.

Reviewing monthly P & L account activity and explaining and resolving variances. Reconciliation of all non-cash balance sheet accounts on a monthly basis.

Leading the annual close process and working with external auditors.

Managing a staff of 6 – 8 staff accountants.

Participated in moving retail store inventory accounting, sales accounting and fuel payables from outdated proprietary accounting systems to PDI. This role included working with PDI consultants, migrating historical data, development of new production processes and training of the accounting staff.

Participated in moving from a proprietary G/L accounting package to JDEdwards software. This included creation of JDEdwards based reports to replace a financial package primarily created using Microsoft Excel.

SOFTWARE SKILLS

JD Edwards (Implementation project leader), Epicor Prophet 21, Esker, Excel (Advanced), Word, PowerPoint, Outlook

EDUCATION

Gordon College - Barnesville, GA

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