Customer Service Sales

GEOFFREY MONSALVATGE, MBA, CPA

**** ** **** **. ***** Springs, FL 33071

Cell: 954-***-**** *****.***********@*****.***

EXPERIENCE

OCEANCO/CENTIME –Ft. Lauderdale, Florida

Corporate Controller - 1995-2013

International Manufacturer of Custom Luxury Yachts: Annual Sales: $50 million

Actively managed financial & management reporting, insurance and tax compliance for

locations in Holland, Monaco, South Africa, and the USA

Directed consolidated financial reporting and cash management with division controllers

Coordinated audits and tax matters with domestic and international CPA firms

Development management reports and variance analysis for Board of Directors

Hands on accounting responsibility for 36 companies in various jurisdictions

Worked with company attorneys to resolve legal and compliance issues

Developed global insurance program for general liability, builder’s risk, completed

operations and umbrella coverage, including reporting requirement and claims management

Directly managed a team of 3 accounting professionals in the USA and indirectly managed

employees in other foreign company locations

Developed complex spreadsheets using Pivot Tables, Variable Data Tables, HLOOKUP,

VLOOKUP, and Macros to streamline financial and management reporting

Actively managed all treasury activities including global cash forecasting and foreign

exchange hedging

Maintained company financial models and updated the model s as the Company’s business

grew

Maintain banking and lender relations including compliance, letters of credit and new

financing arrangements

Coordinated and arranged for documentation and closing of multi-million dollar luxury

yachts

Coordinated vessel documentation in offshore jurisdictions and handled all custom

requirements

Performed all human resources and payroll functions in USA office

Managed USA office, supported the marketing and construction departments with budget

reports and cost analysis

Key accomplishments:

Completed first audit with unqualified opinion with a company with complex

international corporate structure

Reduced taxes by $1,900,000 by successfully challenging Dutch authorities assessment

of Company’s transfer price allocations

Saved $1,500,000 in insurance premiums by developing global insurance program and

negotiating price and terms with various underwriters that maximized coverage for

unique corporate structure

Developed accounting systems for multi -company, multi-currency financial and cash

flow reporting

Created Company’s 401k Plan and Section 125b FSA Plan. Integrated FSA with health

and dental plans to reduce costs while providing the same level of employee benefits

Broward Marine Inc.- Ft. Lauderdale, Florida

Controller –1993 – 1995

Luxury yacht manufacturer with annual sales of $35 million

Integral part of management teams providing financial analysis and guidance for production

and marketing departments

Calculated pricing for new boat sales

Created repairs database and worked with customer service department to determine pricing

for refitting yachts

Maintained integrity of percentage of completion sales recognition by teaming with

production and engineer to determine cost to complete

Actively Managed $1.4 million insurance budget and worked with risk management to

institute safety procedures

Directly supervised a team of six employees, including accounting, information systems and

human resources and customer service

Issued invoices for new boat sales and assisted in the preparation of service invoices.

Actively monitored accounts receivable and initiate collection activities

coordinated audits and tax matters with CPA firm

Administered profit sharing and self-funded medical plan for over 200 employees

Handles all EPA compliance and remediation issues

Key accomplishments:

Negotiated $3 million credit line

Saved $150,000 by modifying application of Uniform Cap rules for inventory

Corrected Insurance retro-calculation which resulted in additional refund of $60,000

Instituted cost accounting procedure to track costs in order to price customized features

Set up divisional and multi-company accounting procedures

Developed incentive program

Pompano Masonry Corporation -Pompano Beach, Florida

Controller - 1992 – 1993:

• Financial responsibility Multi-State Masonry Contractor with annual sales of $30 million

• Initiated monthly financial report ing using report writer software

• Responsible for annual audit, federal and state tax filings including the preparation of all

accounting schedule required by the auditor

• Actively involved in all areas of risk management, including verify the accuracy of all

information used the compute the workers compensation modifier; challenge claims used

the computation; and following through with N CCI to reissue corrected modifiers.

• Worked with project managers to verify the integrity of cost to complete data used in

percentage of completion calculation

Key accomplishments:

Negotiated $1.5 million credit line

Developed and implemented Plan of Merger between two family corporations in order to

minimize tax and insurance impact on family succession plan

Saved over $500,000 in workers compensation insurance by discovering and successfully

challenging NCCI reporting errors

Developed and implemented monthly financial reporting

The Waldman Corporation, Fort Lauderdale, Florida

Controller – 1986 - 1992

Residential Builder: Annual sales $30 million

Financial responsibility for residential home builder with a nnual sales of $30 million

Installed job cost accounting software and transitioned the company from manual system to

computerized accounting system

Trained employees to use new job cost accounting software

Hands on Responsibility for the Accounting Department comprise of 2 professional

accountant and 2 accounting clerks

Handled and Payroll and Human Resources activities

Computed all commissions for sales agents

Actively involved in mortgage administration to in sure timely closings

Check accuracy of all HUD1 closing statements

Prepared all lender compliance report, and ensured compliance with all covenants

Developed feasibility analysis for new projects and worked with the Construction VP to

establish construction budgets

Key accomplishments:

Coordinated the closing of $100 million in home sales

Designed and computerized accounting & information systems

Installed personal computer network

Developed and standardized accounting procedures

Implemented budgets and forecasts

Developed financial and management reporting systems

Knight Enterprises, Boca Raton, FL

Assistant Treasurer – 1984 - 1986

• Managed accounting and data processing department for c ommercial real estate developer

and property management company

Directly supervised department of 9

Prepared for loan compliance and reporting, cash flow, common area budgets, tenant expense

allocations and adjustments

Prepared analysis for acquisitions

In charge of all personal computers of the company, troubleshooting, training and evaluating

new software

Houdaille Industries, Ft Lauderdale, FL

Corporate Financial Account – 1980 – 1984

• Worked at the corporate headquarter of Houdaille Industries. Houdaille was a Fortune 500

company before go private in 1979

• Consolidated financial statements and reports for multinational manufacturing company.

• Coordinated financial, operational and compliance reporting with division controllers

Ernst & Whinney (Ernst & Young), Ft Lauderdale, FL

Advanced Staff Accountant – 1979 - 1980

EDUCATION

MBA Concentration in Finance 1992 – Florida Atlantic University 3.9 GPA

BBA Accounting 1979 – Florida Atlantic University; Graduated with Honors

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