Sales Manager
Resume:
Douglas A. Boyle
Trumbull, CT **611
Cell 203-***-****
PROFESSIONAL EXPERIENCE:
Capewell Components Co. LLC, Cromwell, CT
Corporate Controller
Responsibilities included the management of the daily General Accounting
functions with a department of four employees within this diversified
manufacturing corporation.
Monthly Financial Close & Annual budget Process:
. Actively involved with all facets of the monthly financial close for
all divisions.
. Revenue reconciliations, analyzed sales order margins, balance
sheet account reconciliations and roll forwards.
. Monthly reconciliation of inventory detail to balance sheet with
E&O reserve analysis.
. Recorded company's hourly and salary payroll, fringe benefit and
tax expenses.
. Reviewed departmental actual expenses to budget. Researched
material variances as to the root cause.
. Prepared divisional and consolidated P&L and Balance Sheet with
statement of Cash Flow.
. Involved in the annual budget process for all divisional
departmental expense.
Cost Accounting:
. Identified areas of opportunities for product margin improvement by
the review of closed work order variances for material, labor and
freight. Researched and reviewed variances with Engineering,
Manufacturing and Operations Managers.
. Selected to participate on two Lean Initiative project teams for two
product lines in an effort to reduce cost by identifying manufacturing
inefficiencies and sourcing for new suppliers. Lean initiative
project kick offs due to the review process of closed work orders.
. Revalued purchased parts based on last vendor paid invoice on a
quarterly basis and updated material standards accordingly. Notified
Engineering, Operations, Manufacturing and Sales of all purchased
parts standards affected.
. Participated in the year end physical inventory count and
reconciliations.
Accounts Receivable/Credit & Collections:
. Actively involved in directing the company collection effort with
results as follows:
. Reduced the company's DSO by approximately 10+ days for any
month year over year.
. Reduced the company's 90+ day total percent of Accounts
Receivable from approximately 8% to 2%.
. Reduced the company's 60+ day balance total percent of Accounts
Receivable from over 12% to approximately 5%.
. Involved divisional and sales managers with potentially problematic
accounts prior to reaching 60+ days.
. Worked with slow paying customers with a long standing company
relationship in an effort to retain revenue while collecting on
overdue balances.
Management Reporting:
. Developed an AR Analysis with DSO, CEI, Best DSO, Average Days
Delinquent with a comprehensive narrative for each division.
. Developed an Inventory Analysis with narrative explaining the causes
to an increase/decrease in inventory valuation and turns. I.e.
Increased purchased parts from China with large volumes, customer
shipment delayed or the scrapping of inventory.
. Developed a weekly flash report for management which included: MTD/YTD
shipments and booking vs. budget with variances, reported backlog;
past due, current, following month, future and total, Accounts
Receivable aging balance, direct labor and overtime hours and
dollars.
. Developed numerous ad-hoc reports for departmental managers analyzing
actual line item expenditures to budget. Supplied detail for material
variances.
Accounting Process Flow:
. Traveled to the company's UK facility to document the accounting
processes for:
. Sales and work order entry.
. Cash receipts, disbursements and reconciliations.
. Freight In/Out.
. Government reporting: Intrastat and VAT.
. Instrumental in reducing the UK accounting staff due to a corporate
reorganization.
Policy, Procedure and Work Instructions:
. Developed policy and procedures for: Credit & Collections, Cash
Receipts and Applications, Accounts Payable and Records Retention.
. Developed work instructions for the majority of the accounting
functions.
Gardner Denver Nash, LLC, Trumbull, CT 11/05 - 8/09
Accounting Manager
. Responsibilities include the management of the General Accounting
functions, with a department of one employee within this specialty
pump and compressor manufacturing corporation.
. Through lean initiatives streamlined the Accounting Department by
reducing staffing from three to one employee. Reduced the monthly
closing process and reporting from five to two and a half business
days. Instrumental in the department's month end closing process;
approved all manual journal entries, balance sheet account
reconciliations review and approval, COS accrual, tax accruals, and
trial balance review.
. Participant of annual WIP physical inventory with reconciliation to
detail and General Ledgers; re-cost inventory items, analyzed
inventory price and labor variances, excess and obsolete analysis.
Identified operational inventory processing errors and recommended
solutions.
. Managed the company's capital assets through Sage FAS fixed asset
system; budgeted approval spending, reconciliation of capital project
WIP, record the capitalization of WIP projects, retirements,
disposals, transfers, gains and losses. Performed fixed asset
impairment testing and physical inventory. Purchased fixed asset tags
for distribution to the US locations.
. Responsibilities include the management of the General Accounting
functions, with a department of one employee within this specialty
pump and compressor manufacturing corporation.
. Resolved all SOX deficiencies by implementing proper procedural
controls. I.e., journal voucher adjustment accountability, signature
authority. Prepared and presented in power point quarterly balance
sheet review with the General Manager of North America, Director of
Finance, Controller and General Accounting Staff.
. Tax liaison for the parent company in which I supplied data for; sales
and use tax, property tax, corporate and franchise tax returns.
. Managed the company's inter-company AR and AP balance reconciliations
and confirmations. Resolved all imbalance disputes.
. Assisted in the preparation of the annual budget. Prepared quarterly
forecast based on budget. Analyzed actual results to monthly budget
variances. Reported on discrepancies.
MAGELLAN AEROSPACE CORPORATION - AMBEL DIVISION, Bethel, CT 04/01 - 10/05
Accounting Manager
. Responsibilities include the management of the Accounting functions,
with a department of four employees within this specialty-
manufacturing corporation.
. Restructured the Accounting department in order to streamline workflow
and improve the financial reporting integrity to corporate by changing
the responsibilities of the Office Manager to that of General Ledger
Accountant.
. Created a new position for a Cost Accountant to establish cost
standards for each manufactured part.
. Restructured the General Ledger Chart of accounts to capture revenue
and cost data by major customer enabling the analysis of product line
profitability by part number/customer and to identify weaknesses in
the manufacturing process.
. Established weekly meetings with the cost accountant and the managers
of cost estimating, manufacturing, engineering and sales to review
actual cost compared to standard cost to improve upon the margin for
manufactured parts.
. Established weekly meetings with key managers to identify weaknesses
within operations, systems and SG&A.
. Instrumental with the implementation of lean manufacturing and Six
Sigma concepts in an effort to improve product line profitability.
. Other responsibilities include financial analysis, financial
forecasting, budgeting and cash forecasting. Prepared monthly
Financial Statements with commentary analysis. Preparation of sales
and use tax, property tax and franchise tax returns. Liaised with
external auditors for physical inventory and year-end reporting.
Various Junior, Senior, Supervisory and Managerial Accounting positions
with W.R. Grace, Rohm and Haas, and Bayer.
EDUCATION:
Bryant University, Smithfield, RI - BS Business Administration Accounting.
Pace University, New York, NY - Various corporate tax update courses
D&B - Financial Ratio Analysis, Credit & Collections Technique.
SELF IMPROVEMENT COUSES: Excel Back to Basics, Excel Advanced, Goals and
Goal Setting Techniques, Business Problem Framing, Business Integrity,
Leadership Training.
COMPUTER SKILLS:
Proficient with MS Office, Excel, Word, PowerPoint, Lotus Notes, Visual,
Oracle, Great Plains version 6 & 7, BaaN, Peachtree Accounting Packages,
Frx and crystal reporting, TM1 Perspective, Cognos and Access.
OTHER INTEREST:
Little League, Babe Ruth League and Pop Warner Coaching, skiing, reading,
photography, music and travel.
References will be furnished upon request.
Contact this candidate