Accounting Company

Paul Kudalis

**** ********* ****, ********, ** **103

630-***-**** ***********@*******.***

Accomplished Business Leader with a 20-year professional background

encompassing accounting, financial planning & analysis, cost accounting,

treasury, cash flow, credit and collections, audit and tax. Developed a

successful track record of leading accounting & finance organizations

through a number of acquisitions, divestitures & integrations. Significant

manufacturing and distribution experience at both the plant and corporate

levels. Masters in Accountancy and CPA. Strong working knowledge with JD

Edwards, Oracle, Hyperion, SAP, and MAPICS as well as Excel, Word and

PowerPoint.

Professional Experience

CENX, Inc; Winnetka, IL 2010 - Present

CENX, Inc. is a closely held development stage company in the

telecommunications industry that provides Software and Software as a

Service to telecommunication and network providers including Sprint,

Verizon and Ericsson. CENX currently has operations in the United States,

Canada, United Kingdom, Germany and China.

Corporate Controller

Responsibilities:

. Corporate Controlling, Consolidations and Reporting.

. Accounting Policies & Procedures including Revenue Recognition.

. Financial Planning and Analysis.

. Federal, State and Local Taxes.

. Oversight of annual audit.

Accomplishments:

. Formed new Corporations in United Kingdom, Germany and China.

. Engaged High Street Partners to provide local services for payroll,

cash disbursements and reporting.

. Integrated new foreign subsidiaries into Great Plaines, translated

into US currency and consolidated.

. Performed a tax decision analysis for telecommunication services with

E&Y.

Emerson Electric Company (Stratos International, Inc.); Harwood Heights, IL

2005 - 2010

Emerson Electric is a $23 Billion dollar Fortune 500 Manufacturer with 300

facilities around the world. Stratos International was a $92 Million

dollar company that was acquired by Emerson in 2007. Stratos manufactures

fiber optical, microwave and radio frequency electronic components and

subassemblies used in telecommunications, network and military

applications.

Controller

Responsibilities:

. Full financial accounting and reporting responsibilities for 4

manufacturing plants including standard cost accounting, manufacturing

variance analysis and overhead pools.

. Inventory Control, cycle counting and management of obsolete

inventory.

. Month End Close process, Consolidations and SEC reporting.

. Financial Planning and Analysis, annual budgeting and quarterly

forecasting process.

. Oversight of external audits and maintained Internal Controls &

SOX compliance.

Accomplishments:

. Successfully turned-around the accounting & reporting function to

provide timely and accurate financial reporting for management and SEC

Reporting, (audit fees were reduced by $400,000).

. Implemented JD Edwards and created a consolidation company to include

all consolidating and eliminating entries in the system resulting in a

consistent and reliable report.

. Resolved credit and collection delinquency problems by reducing

delinquent accounts from approximately $900,000 to $200,000 reducing

bad debt expense by $300,000 in my first year.

Cosco Industries, Inc.; Harwood Heights, IL

2004 - 2005

Cosco Industries is a privately held manufacturing, marketing and

distribution company in the office supplies industry.

VP of Finance & Controller

Responsibilities:

. Full financial accounting and reporting responsibilities for all

entities (9) including daily receipts and disbursements, banking and

treasury functions, wire transfers, asset based borrowing base

calculations, month end close, consolidations and reporting.

. Annual audits by PWC, bank audits by GMAC and appraisals of assets.

. Federal and state income taxes as well as sales use and local taxes.

Accomplishments:

. Following a financial slump in early 2004 and a default on the

company's bank loans, was able to obtain loan commitments from all

three banks approached (LaSalle, GMAC and Guaranty Bank Group).

. Implemented a perpetual inventory system in a controlled warehouse

with a high degree of accuracy to enable the bank to advance 74% on

inventory. Improved production and variance reporting on manufactured

goods and purchases from major suppliers. Designed a report on

freight costs to establish standards for ocean and air freight plus

duties.

. Integrated the acquisition of two new companies into a new wholly

owned subsidiary Cosco Marking, Inc.

. Implemented a new financial reporting package (FRx) and wrote the

consolidation reports for the parent and subsidiary companies and

operationally by wholesale, retail and other groups. Implemented

Jacana software for weekly and monthly reporting of trade receivables

and payables for cash flow management. Wrote various other reports

using IBM query and the ODBC functions for balance sheet and other

significant account reviews.

Strombecker Corporation; Chicago, IL

2000-2004

Corporate Controller

Strombecker was the oldest privately-held toy company in the United States

with annual revenues of $70 Million with multiple operations throughout the

U.S., Canada, UK & China. The company merged with another toy company in

2004.

Corporate Controller

Responsibilities:

. Manage a staff of twelve people responsible for all accounting

functions including general accounting, cash receipts, cash

disbursements, credit and collections and payroll functions.

. Consolidations and financial reporting for all domestic and foreign

operations. Preparation of the monthly management book which included

all financial statements, analytical reviews, metrics, sales analysis,

gross profit by customer and by product, cash position, banking and

forecasts.

. Treasury and banking functions including daily preparation of the

borrowing base for cash availability at all locations. Daily wire

transfers to and from the US, Canada, Hong Kong and other locations.

Accomplishments:

. Redesigned the royalty accounting system and related software programs

to be 2000 compliant and better inform management of current license

agreements in effect including minimum royalty guarantees, advances,

royalty expenses and profitability by product license.

White Cap, Inc.; Downers Grove, IL

1997 - 2000

White Cap, Inc. is a $225 Million dollar manufacturer of closures for the

food and beverage industry with 8 plants located in the United States,

Mexico, Brazil and Venezuela. The company was previously owned by

Continental Can Europe and sold to its largest competitor in 2000.

Assistant Corporate Controller

Responsibilities:

. Corporate controlling and consolidations reporting; reported directly

to the CFO.

. Preparation and consolidation of all financial statements and

supplemental reports to the parent company using SAP and other

software.

. Re-evaluation of the roll-up of foreign subsidiaries into US for

consolidation into the financial statements.

. Responsible for annual audit by PricewaterhouseCoopers and preparation

of the VIAG Report, (parent company of Continental Can Europe)

. Preparation of income tax trial balances, state apportionment

schedules, tax depreciation schedules and all other tax schedules.

Accomplishments:

. Implemented the ECCS, (Enterprise Controlling and Consolidations)

module of SAP Release III. The implementation was coordinated with

the parent company in Germany and included 70 legal entities around

the globe. The system consolidated all operating and holding

companies, reported inter-company balances and eliminated lengthy

quarterly reporting forms required on the German stock exchange.

Previous Experience

Corporate Controller - Magnetic Inspection Laboratories; Elk Grove Village,

IL 1994 - 1997

Corporate Controller & Treasurer - Bivona Medical Technologies; Gary, IN

1990 - 1994

Financial Auditor & Tax Accountant - Grant Thornton; Chicago, IL

1983 - 1990

EDUCATION

Bachelor of Science in Accounting, Southern Illinois University - December

1981

Masters of Accountancy (Tax), Southern Illinois University - May 1983

Certified Public Accountant, University of Illinois - May 1984

Contact this candidate