Accounting Sales
Resume:
Terrance J. Brennan
Annandale, NJ 08801
Cell Phone: 908-***-**** . ************@*****.***
CONTROLLER
Accounting & Finance Management Computer Systems Budgeting, Insurance &
Risk Management Tax, Audit & Regulatory Compliance GAAP - Audit &
Accounting Procedures
Senior level accountant with extensive finance, administration and public
accounting experience in diverse industries, including stateside and
offshore manufacturing facilities. Proven ability to enhance operations,
maximize profits through achievements in financial management, cost
reductions, internal controls, productivity and efficiency improvements.
Strong qualifications in general management, business planning, systems
design and implementation.
AARP-VITA -Somerset NJ
Jan 2011-April 2011
Volunteer tax preparer for the Somerset County AARP-VITA program
Robert Half International - Newark, NJ
Mar 2010 - Oct 2010
Consultant to a publishing-media company- retained to convert existing
accounting software package from ACCPAC (ERP) to Financial Force.
Astrolab, Inc. - Warren, NJ
1990 - 2010
General Manager/Controller for an international manufacturer of
RF/microwave components for the military, space, commercial and other
electronic industries. Accountable for strategic planning, development and
leadership of all finance functions, human resource management and benefits
administration. Development of Overhead & G&A rates including preparation
and submission of Cost & Pricing Data in accordance with FAR provisions.
Management of day-to-day operations, including oversight for purchasing,
inventory, sales, accounting, engineering, production managers and
accounting personnel.
Areas of Expertise:
. Management Accounting
Financial Reporting/Analysis
Cost & Pricing Data - FAR
Budgets & Cash Flows
Taxation Compliance
GAAP
Financial Generation
Audit & Accounting Procedures
Consolidations
HR Functions
ISO/AS Auditor
ITAR & EAR Compliance
Operations Achievements
New Systems & Procedures
Implemented computerized accounting system for general ledger, financial
statements, A/P, A/R, sales, purchasing, inventory, costing and computation
of overhead and general and administrative (G&A) rates. New system:
. Increased efficiency by 300%.
. Improved closing the financial month end by 15 days.
. Improved accounts receivable turnover by 20%.
. Provided timely reports for managers resulting in 10-day reduction
from order in-take to the production stage.
Developed a bar coding system for automatic labor reporting on production
jobs.
. System resulted in tracking labor time and cost on a real time basis
. Increased efficiency in costing jobs by 10 times.
Offshore Facilities
Instrumental in the establishment and setup of offshore facilities in St.
Lucia and Costa Rica. After 15 years of successful operations in St Lucia,
worked with government officials, attorneys and accountants to arrange a
smooth transition of manufacturing operations to Costa Rica. Evaluated
available properties and selected facility for Costa Rican operations.
Company derived benefits:
. Offshore production lowered manufacturing cost 500% to 800%.
. Successful in obtaining tax free and duty free status for seven years
and subsequently renegotiated status for an additional seven years,
significantly enhancing profit margins.
Financial Achievements
. Audit and corporate tax expertise saved the company between $500K to
$1 million in outside professional fees over the course of my
employment.
. Established Interest Charge Domestic International Sales Corporation
(IC-DISC) resulting in 15% tax savings for shareholders for
international export sales.
. Conducted in-country negotiations with Ministry of Trade in St. Lucia
for tax incentives and duty reductions.
. Company-beneficial supplier terms and prices.
. Worked with bank officers to establish a line of credit, developed and
submitted loan covenant requirements.
. Minimized cost, while maximizing coverage for company's commercial,
liability, worker's compensation, auto and health insurance.
Regulatory Compliance Achievements
. Customized and developed U. S. Customs import and export reporting
paperwork and procedures, including the development of automated
calculations for CBI (Caribbean Basin Initiative) treatment.
. Established and maintained policies and procedures for International
Traffic in Arms Regulations (ITAR) and Export Administration
Regulations (EAR) compliance.
. Developed reporting customer system for NAFTA treatment
Other Accounting and Auditing Expertise
. Accounting policies and procedures implementation.
. Supervision of inter-company general accounting processes; fixed
assets, accounting and financial reporting for all entities.
. Accountable for the monthly close as well as maintenance of all
accounting ledgers including monthly review of all account
reconciliations and journal entries.
. Monthly financial reports, including Profit and Loss Statement,
Balance Sheet and Statement of Cash Flows, as well as the year-end
financials.
. External audit organization and coordination..
. ISO 9001 and AS9100 internal auditing.
Leonard G. Birnbaum & Company - Summit, NJ
1971- 1990
Certified Public Accountant - Partner
Accounting, auditing, tax and consulting activities for individual and
corporate clients in a wide array of industries.
Financial
Analysis and preparation of financial reports, including Profit and Loss
Statements, Balance Sheets and Statement of Cash Flows, as well as year-end
financials.
Taxes
Individual and corporate Federal and State tax return preparation.
Tax schedules and tax work paper preparation.
Payroll and sales tax returns.
Audits
Implement accounting policies and procedures; interpret accounting
transactions guidance.
Conduct audits with Federal and State agents.
Conduct certified audits.
EDUCATION
Seton Hall University, B.S. Accounting
Certified Public Accountant - New Jersey (Inactive)
Member: New Jersey Society of CPA's
BUSINESS SOFTWARE CAPABILITIES
Quick Books, ACCPAC, SAP Business One, Financial Force, Microsoft Word,
Excel
Contact this candidate