CHESTER F. BOROWY
Jacksonville, Florida 32246
Cell 904-***-****
Career Summary
. Leadership experience in general accounting, financial reporting,
standard cost, strategic planning, budgeting, forecasting,
consolidations, credit and office/plant management.
. Solid financial accountant with diverse sector experience at both
division and corporate level for companies with revenues ranging
from $500 million to $9 billion.
. Demonstrated success in identifying cost-reduction opportunities,
maximizing capital investment, implementing controls and procedures,
and reducing working capital.
Professional Background
SENIOR FINANCIAL ACCOUNTANT June 2005
to Feb 2009
Winn-Dixie Stores, Inc via CFO SERVICES, Inc.
Jacksonville, FL
Assigned to a $9 billion grocery retailer with manufacturing and
distribution operations in the Southeast.
. Interfaced across the organization to prepare and submit detailed
financial information to support $200+ million of insurance losses for
the 2004 and 2005 hurricane seasons.
. Negotiated $4 million hurricane-related expense reimbursement with
landlord/property management firms.
DIVISION CONTROLLER April 1991 to June
2005
STANDEX INTERNATIONAL, Jarvis Pemco Division
Kalamazoo, MI
A $25 million Division of a conglomerate involved in the high volume
manufacture of wheels and casters.
. Directly responsible for 9- person office of accounting, information
technology, customer service, human resources, and purchasing staff.
. Managed receivables and inventory to reduce working capital in excess
of $1million. Increased inventory turns from 4.9 to 9.8.
. Coordinated and controlled the expenditure of $8 million in capital
additions within budget. Improved efficiencies maintained costs at
levels comparable to overseas competition.
. Reviewed and consolidated group medical plans resulting in a $200,000
annual savings.
. Obtained a 50% reduction in real and personal property taxes by
securing tax abatements from the State of Michigan and Local Township.
. Coordinated the hardware and software upgrades from System 38 to IBM
AS400. Reduced annual maintenance costs and improved overall
efficiency.
. Reviewed and updated the documented control procedures to be in
compliance with Sarbanes-Oxley Sec 404.
CONTROLLER
March 1989 to April 1991
KAPACO, INC. Kalamazoo,
MI
A $30 million custom paper conversion operation and wholesale/retail sales
division of a diversified paper manufacturer.
. Responsible for a staff of 7 in areas of accounts receivable, accounts
payable, billing, inventory control, payroll/personnel, and daily cash
management.
. Prepared monthly financial statements and reviewed with management at
corporate level.
. Prepared quarterly and annual payroll tax returns.
. Reviewed and implemented changes to accounting controls in areas of
shipping and receiving, billing, accounts payable, standard cost and
payroll/personnel.
OPERATIONS/ADMINISTRATIVE SERVICES MANAGER January 1987 to
July 1988
USG INTERIORS, INC., Marlite Division
Roselle, IL
A distribution and manufacturing center for a $50 million division of a
building products company.
. Supervised 7- person office involved in areas of customer service,
order entry/billing, traffic/shipping and inventory control.
. Negotiated credit/collection issues with customers and division credit
department. Directed quarterly inventories and coordinated the
analysis of inventory variances with perpetual. Prepared annual
budgets and analyzed monthly variances with actual. Heavy interface
with division and corporate management.
. Implemented order entry/billing, inventory control and sales reporting
software package.
Education
B.S.B.A., Accounting and Economics
ELMHURST COLLEGE Elmhurst, IL