Sales Accounts Payable

JASVIR BASSI

e-mail: *******@*****.***

**** ******** ******

Hayward, CA 94545 Home: 510-***-****

PROFILE

Industrious, resourceful Controller with over twenty years of experience in high technology, manufacturing, market

research, and software industries. Proven communication, management, and systems skills. Persistent, dependable

team builder with excellent and thorough overview of business goals and objectives.

EXPERIENCE

HOYA PHOTONICS, INC. Santa Clara/Fremont, California 2001-2013

Manufacturer of lasers used by government and educational institutions for research products, dentists for dental

cleaning, dental and gum surgeries, and dermatologists for hair and tattoo removals and skin rejuvenations.

Financial Controller

Managed all Finance functions and some Human Resource and IT functions including accounts receivable, accounts

payable, payroll, general ledger, consolidated financial reports, and overlooked financial aspect of inventories

Managed completion of consolidated financial reports of five different, domestic and international, entities on

monthly and quarterly basis.

Managed company's external interim and annual audits by working with KPMG, Deloitte and Touche, and E&Y.

Managed to keep clean record for filing up to twenty different sales tax returns on monthly, quarterly and annual

basis.

Prepared, distributed and managed company's up to $40 million quarterly and annual budget plan.

Designed and implemented procedures to fully document company’s over 500 accounts payable bills per month to

improve vendor payments, collection and billings of up to over 200 accounts receivable invoices.

Helped designing company's JSOX procedures for semi-annual reporting to Japan.

Managed company's electronic banking and pooled cash activities along with maintenance and reconciliation of all

ZBA payroll, credit cards and operating accounts.

Managed maintenance, reconciliation, and physical inventory of over 500 fixed assets.

Managed processing, approvals, reconciliations, and booking of bi-weekly ADP payrolls, quarterly & annual

payroll tax returns.

Managed, maintained, and helped preparing company's sales commissions plans.

Prepared, analyzed and distributed company's financial reports and commissions/bonuses.

Managed preparation of monthly, quarterly and annual reports like inter-company, affiliate, apportionment

schedules for federal and state income and property tax returns.

Worked closely with VP of Operations and CEO to manage optimum inventory levels, inventory costing, labor

reporting, physical and cycle counts, and standards updates to meet company's goals and objectives.

Built, cross-trained, and supervised a team of eight.

Assisted in managing and performing on as needed basis company's Human Resource and IT functions.

STOESSER REGISTER SYSTEMS Mountain View, California 1998-2001

Division of Olec Corporation. Manufacturer of Registration/Graphic Arts/Imaging Equipment.

Plant Controller

Managed Accounting, Purchasing, Costing and Human Resource functions including payroll, accounts receivable,

accounts payable, general ledger, financial reports, and job costing.

Designed, implemented and managed reports to convert commissions/bonuses calculations from manual and

inaccurate to automated, accurate and quicker.

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Analyzed product costs by comparing to and modifying standards thru full routine of reviewing ‘Bill of Materials

and Routings’, rolling up costs to ‘Current Values’, reviewing ‘Current Values’, and, finally, getting these costs

moved to ‘Accounting Values’ to calculate accurate value of inventory.

Forecasted a sales budget of $6.0 million and prepared annual budget of $5.50 million.

Designed and implemented procedures to fully document company’s over 300 accounts payable bills per month to

improve vendor payments.

Performed cost analysis on over 30 products to point out a long due increases of sales price which increased

monthly revenues of $10,000 to $15,000.

Successfully managed processing of ‘ADP’ payroll covering over 50 employees.

Instituted and managed tight customer credit processing by using past payment history and strong control over cash

collections, which minimized A/R bad debt customers to 5 considering total customers of 500.

Developed procedures for processing of ongoing inter-company billings of 3 divisions.

Built, cross-trained, and supervised a team of ten.

Managed benefits of up to 55 people including vacation, and sick leave.

Wrote and managed personnel policies and general procedures that assisted six supervisors on a daily basis.

QUALTEC DATA PRODUCTS, INC. Fremont, California 1994-1998

Subsidiary of a billion $ company. Manufacturer of hardware computer security devices .

Controller/Assistant Controller

Managed Accounting, MIS, and Human Resource functions including payroll, accounts receivable, accounts payable,

general ledger, financial reports, and network administration.

Instituted and managed tight customer credit processing by using past payment history, which minimized A/R bad

debt to $500 considering annual sales of $5,000,000.

Modified daily working procedures to minimize month-end from eight to three days.

Reduced credit-line balance down to $0 from $450,000.

Saved 2.5% on vendor payments by developing strong controls over cash collections and payables processing.

Successfully completed three-year sales tax audit with additional liability of $0.

Reduced annual year end closing, audit, and tax costs by 33%.

Managed setup and maintenance of company’s EDI System to transact with two major customers, reducing data

entry volume by 12% of total orders entered.

Forecasted a sales budget of $4.5 million and prepared annual budget of $4 million.

Built, cross-trained, and supervised a team of five.

Converted from in-house non-systematic payroll to systematic payroll of 30 employees without a problem.

Installed and managed major benefits of 30 people including medical, dental, vacation, sick leave, and 401(k).

Successfully converted from in-house systematic payroll to ‘ADP’ payroll covering 50 employees.

Managed 50-user Novell Network.

Installed and maintained over 25 different software applications.

Wrote and managed personnel policies and procedures manual that assisted five supervisors on a daily basis.

Designed and implemented procedures to fully document company’s over 200 assets worth up to $1.5 million.

INPUT, INC. Mountain View, California 1989-1994

10 million $ international company that conducts computer industry market research and provides consulting services.

Assistant Controller/Accountant

Responsibilities included closing month-end/year-end books; performing account analysis; preparing financial

statements for parent and subsidiary companies; calculating royalties; reconciling domestic as well as foreign bank

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statements and inter company accounts; processing payroll through ‘ADP’ system; managing cash, fixed assets, and

inventories; computing commissions/bonuses; and preparing various spread sheets for accounting and management

planning needs. Set up company budgets/forecasts, computer programming, variance analysis, supervision of two

clerical staff, and accounts receivable and accounts payable functions.

Maintained general ledger in five different currencies. Prepared consolidated financial statements involving all

five currencies on a monthly basis.

Reconciled bank statements of all six units involving four different currencies.

Calculated commissions/bonuses of over 25 international employees in all 6 units.

Prepared year-end audit work schedules of six different units.

Assisted in reducing month-end closing from five to three days.

Maintained strong control over collections and payments to cover company payroll during very slow sales periods.

Co-developed $8 million budget while assisting in forecasting annual $7.5 million expenses on monthly basis.

Maintained record keeping of over 300 assets in all units, totaling over $250,000.

Assisted in training and supervision of 10 employees.

Installed and managed Solomon III system and cross-trained accounting department in its use.

Assisted in setting up, installing, and managing 5-user Novell Network to service accounting department’s needs.

Modified mailing list systems database of 5,000 contacts to better serve marketing needs of the company.

SBT CORPORATION Sausalito, California 1988-1989

Manufacturer of accounting software.

G/L Product Specialist

Primarily contacted customers for resolution of support requests regarding general ledger and other modules.

Questions and problems dealt with accounting, software principles, sequences and procedures. Also responsible for

product enhancement recommendations, pre-release product evaluations, documentation review, and program

correction testing.

Identified more than 200 software problems and enhancements over 6-month period, which improved marketing

efforts with new customers.

Trained 300 new customers over the telephone to use our software, and trained 2 co-workers to provide support.

VANTAGE POINT Chico, California 1987-1988

Provided bookkeeping and computer consulting services.

Assistant Accountant/Programmer

Responsible for journal entries, coding accounts payable and accounts receivable invoices, performing data entry,

account analysis, complex Lotus 1-2-3 and Quattro spread sheets involving macros, financial statements, and budget

reports. Operated different accounting programs and computer programming in Dbase III Plus, Lotus 1-2-3, Reflex,

and Basic.

EDUCATION/TRAINING

California State University, Chico, California Graduated 1988

B.S., Business Administration, concentration in Accounting

B.S., Computer Science, concentration in Commercial Applications

Minor: Statistics

Intermediate Excel (two-day seminar); Management Skills (three-day seminar); Impact of Internet (one day seminar).

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TECHNICAL SKILLS

Solomon III Microsoft Word Lotus 1-2-3

Profit Key ROI ATX Max

Cougar Mountain Word Perfect Turbo Tax

SBT Accounting Word Star Dbase III Plus

Quick Books & Quicken Corell Flow Informix

Macola Accounting Microsoft Excel Crystal Reports

Act Quattro Pro for Windows Reflex

Fas Encore Symphony Tax Shop

Intuitive ERP Ask Manman SAP

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