Management Accounting

CHRISTOPHER R. ENG

CHRISTOPHER R. ENG

********@*******.*** 703-***-****

PROFESSIONAL EXPERIENCE

RAND CONSTRUCTION CORPORATION (Laid Off)

Director of Finance and Accounting-Alexandria, Virginia June 2013-Aug 2013

Responsibilities:

* Corporate and tax compliance for 17-20 states-GC and business licenses; S&U taxes; Registered Agents; PPT; BPOL

* Responsible for the surety and bonding functions

* Coordinate and oversee the business insurance policies, including a Group Captive program

* Percent complete revenue recognition

* Timberline Accounting Software

* Prolog Budgeting\PM Software

* Manage one direct report (Controller) and 5 indirect reports (Project Accountants)

* Review the corporate tax returns (LLC, S Corp)

* R&D tax credit and section 179D Energy tax deduction

Accomplishments:

* Successfully negotiated and reduced the tax return fees by $10k

* Successfully negotiated the 401k audit fee by $3k

* Organized and got all corporate and tax compliance caught up (behind 7 months) in 45 days

PERSAUD COMPANIES INC (Lack of Cashflow)

Controller\CFO-McLean, Virginia October 2012-March 2013

Responsibilities:

* Responsible for the Accounting, Bonding; Surety; Banking, Payroll, Human Resources, Information Technology, Legal, Risk Management functions of the company

* Cash flow management and forecasting

* Manage 5 direct and 15 indirect reports

* Percent complete revenue recognition

* Produce monthly financial statements and other ad hoc financial reports

* Perform the month end process, Work in Process schedule (WIP), account reconciliations and Gross Receipts tax returns

* Compare actual cost, job and overhead to project and annual budgets

* Timberline Accounting Software

* Review Proposals and Bids for Federal Government and Private sectors

Accomplishments:

* Reduced operating cost by $20k monthly or $240k annually by negotiating contracts, analyzing cost and spending patterns, and implementing procedures

* Eliminated unnecessary personnel to better align with company revenue, resulting in a $500k annual overhead savings

* Suggested and successfully relocated corporate office-downsized space from 7600 sf to 1800 sf; Better utilization and more efficient

* Setup policies and procedures to protect company assets

PARAMOUNT SERVICES, INC. (Ownership\Equity Opportunity)

Corporate Controller\CFO Sterling, Virginia July 2011-October 2012

Responsibilities:

* Accountable for the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

* Oversee all back office support functions: Accounting, Banking, Payroll, Human Resources, Information Technology, Legal, Risk Management, and Procurement.

* Supervise a staff of 6-7 people.

* Produce monthly financial statements and other ad hoc financial reports

* Review AP check run for accuracy

* Compare actual cost, job and overhead to project and annual budgets

* Perform the month end process, Work in Process schedule (WIP), bank and account reconciliations, S&U tax returns and Gross Receipts tax returns

* Review and execute leases, contracts and Request for Proposals (RFP's)

* Review and negotiate business and health insurance programs\policies

* Annual budgeting and monthly cash forecasting.

* Microsoft Dynamics AX 4.0 Accounting Software

* Liaison between Paramount and owners, Board of Directors, external CPA's and private equity investment firm.

Accomplishments:

* Reduced Aged Accounts Receivables over 60 days from $300k to $60k within a 2 month period. Receivables over 60 days continues to be at a manageable level.

* Saved the company $40k in additional worker compensation premiums by challenging the insurance audit results.

* Streamlined and centralized the purchase order process. All material PO's are controlled and reviewed by one individual rather than having 5-6 different people generate PO's without a review process.

* Moved the phone and internet service from a T1 to broadband connection, resulting in an annual cost savings of $15k as well as achieving a more dependable and faster service.

* Converted the AP check run from weekly to every other week. More efficient, coincides with the payroll cycle and saves on check printing cost.

TRULAND SYSTEMS CORPORATION (Laid Off)

Controller-Reston, Virginia July 2007-May 2011

Responsibilities:

* Strategic cash flow analysis\management

* Manage the month end closing process for 5 entities

* Oversee entire AP process

* Yearly audit and reviews

* Oversee Joint Ventures

* Monthly financial in depth review of projects-compare actual cost to budget and forecast

* Prepare tax return support schedules

* P&L analysis on a monthly basis

* Prepare annual budget and forecasts for 5 entities

* Responsible for a fixed asset & prefab company, specialty electrical contractor, & professional services firm

* In charge of all international\global ventures and activity

* System conversion experience to MS Dynamics AX Accounting Software

* Percent complete revenue recognition

Accomplishments:

* Created financial reports and charts to measure utilization of our professional services team

* Eliminated the doubled payment of Virginia sales tax (5%) for the fixed asset\rental company, resulting in a $100k annual savings for the company

* Converted 4 operating entities from the COINS system to MS Dynamics AX Accounting Software

* Assisted in the due diligence, acquisition and transition process of a electrical contractor

TOLL BROTHERS, INC. (Housing market downturn)

Division Controller – Dulles, Virginia February 2004- July 2007

Responsibilities:

* Review quarterly financial statements, variance analysis, forecasts and financial reports for a $600M portfolio

* Review and monitor the construction and development budgets

* Participate in the development of strategic goals and objectives to achieve top line growth, improve profitability and return on invested capital

* Oversee entire AP process

* JD Edwards\AS400 Accounting Software

* Training and development of the Accounting staff

* Strategic cash flow analysis\management

* Operational audits

* Asset impairment schedules for potential write downs\offs

* Manage 3 direct and 15 indirect reports

Accomplishments:

* Established several ad hoc financial management reports for Sr. management by utilizing Monarch

* Created an accounting infrastructure in JD Edwards to track operational costs for centralized Design Centers

* Received Efficiency Award in 2006-Relocate retention amount field for work orders closer to net amount field

* Implemented and oversee the accounting infrastructure and process for the condo conversion product line

CENTEX HOMES (Move back to the DC Metro market)

Division Controller - Kernersville, North Carolina January 2002-February 2004

Division Controller - Chesapeake, Virginia February 2001-January 2002

Assistant Controller – Chantilly, Virginia January 1999-February 2001

Sr. Accountant – Chantilly, Virginia July 1998- January 1999

Responsibilities:

* Month end close and financial statements

* Manage division's annual budget and quarterly forecasts\projections

* Analyze all revenue, costs, profits and financial ratios-actual and projected

* Ad hoc financial analyses

* JD Edwards\AS400 Accounting Software and Hyperion Essbase

* Analyze work flow processes to ensure effectiveness and efficiency in the work place

* Prepare and analyze financial models for potential land acquisition deals

* Coordinate due diligence process for land acquisition Performa's

Accomplishments:

* Establish rebate tracking system to recognize rebates on a job cost level to offset B&M costs

* Restructured entire division cost code system

* Created and implemented a Human Resource Reference book

* Implemented departmental financial reports for key managers

* Instituted an electronic link between the E&P dept and Accounting dept systems to transfer B&M budgets

FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)

Lead Accountant – McLean, Virginia November 1995-September1997

Staff Accountant – McLean, Virginia May 1994-November1995

Responsibilities:

* Prepare monthly consolidated financial reports for Sr. management

* Oversee the accounting policies and practices for third party management firms

* Monitor and maintain the corporate general ledger and subsidiary ledgers

* Perform variance analyses

* Coordinate operational audits on third party management firms

* Review and analyze trouble debt restructuring agreements

REZNICK, FEDDER AND SILVERMAN

Audit Associate-2nd Year-Bethesda, Maryland May 1993-May 1994

Responsibilities:

* Performed financial audits for various size clients

* Cleared partner review comments

* Prepared tax returns

* Internal control testing

* Cash flow Analysis

* Communicate directly with client Principals, Owners and\or Sr. Management regarding issues or findings

* Several opportunities to essentially run engagements by myself

NHP PROPERTY MANAGEMENT, INC.

Financial Analyst-Reston, Virginia July 1992-May 1993

Staff Accountant-Reston, Virginia July 1991-July 1992

Responsibilities:

* Responsible for month end close process for portfolio of 25 properties located across the Northeast

* Performed variance analysis

* Assist in preparing annual budgets with key management personnel

* Create financial reports for Sr. Management

* Prepare yearend audit schedules

* Conduct internal operational audits

* Work closely with external auditors

* Account and bank reconciliations

Accomplishments:

* Employee of the Quarter-Spring 1992

ACTIVITIES

* Assistant coach for Loudoun Soccer (LYSA) program

* Age Group Coordinator for LYSA program

* Assistant coach for Flag Football team

* Volunteer for various activities at Leesburg Elementary

EDUCATION

B.S. Accounting-Tennessee Temple University

CPA Candidate

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