John McClellan

*** ***** ***** *****

Russellville, AR 72802

479-***-****

Objective

Seeking an opportunity to join a company in which I can demonstrate the

value of over twenty years experience in Accounting, Finance, Purchasing/

Receiving and Inventory Management to improve the operations and profits of

the organization.

Business Experience

Superior record of generating profits, improving operations and managing

inventories. Made suggestions and implemented innovative ideas to reduce

cost and improve the efficiency of the Firestone Tube Division, Reliable

Consolidation, Inc. and Cowart's Construction Company. These savings were

in excess of $5 million dollars.

Education- BA Arkansas Tech

1. Cowart's Construction Company - March 2008 to present

Accounting Manager

Prepare Journal entries, make trial balance and review monthly Income and

Profit/Loss statements for AR, LA, and KY with the owners. Make

recommendations on how to improve the company operations. Reconcile all

General Ledger accounts including SUTA, FUTA, State & Fed income taxes and

Workers Comp. Manage and control inventories. Insure fixed assets are

properly documented and classified properly. Determined which documents

needed to be accrued to insure accurate accounting. Negotiate better

pricing from vendors on materials and services. Developed an Excel program

to quickly and easily estimate profits on bid projects. Negotiated a

contract to use outside payroll services to process the payroll. Savings

generated for Cowart's $136,000

2. Reliable Consolidation April 2007- March 2008

Coordinator of Canadian Exports for Lowe's Hardware new store shelf

displays.

Contacted vendors to insure the Certificate of Origins were in compliance

with NAFTA requirements. Prepared all export documents and manifestos.

Worked closely with the Canadian import officials to insure all merchandise

cleared customs and were delivered to Lowe's by the scheduled due date.

Purchased supplies, equipment and services to insure production had all the

resources necessary to work efficiently. Saving generated over $100,000

Reason for leaving Reliable Consolidation: Due to the slowing economy,

Lowe's Hardware chose to delay opening additional Canadian store openings

until the economy improved.

3. Bridgestone/Firestone: (20+years) accounting and purchasing

A. Purchasing: Managed the purchasing and procurement of all raw materials,

supplies and services for the Russellville factory. Initiated, negotiated

and finalized a contract with the Russians in excess of $30 million dollars

which generated profits across all Bridgestone divisions. Reduced the Raw

Materials and stores inventories by $1,000,000. This was accomplished by

implementing a Just-In-Time inventory system. Selected by Bridgestone

management to visit Japan and study their factory production and

operations. Maintained accurate inventories, approved invoices, interacted

with engineering, accounting, dept managers and top management to insure

quality, price and service were meeting our expectations and standards.

Developed a new concept on purchase discounts, which was implemented in all

Bridgestone/Firestone locations.

B. Cost Accountant: (12 years) Created detail sheets with all cost elements

(MLOH) including waste, scrap and rework. Worked close with Quality

Control, IE and Production Mgrs to insure accurate cost were identified.

Explain variances from the budgeted Standards including excess material

usage, waste and scrap percentages. Developed a cost program for quickly

analyzing current cost for quotes on government contracts. Implemented a

program to cost out new incremental business using factors related to fixed

and variable OH. Priced out invoices at Standard and calculated the LIFO

reserve. Familiar with LIFO, FIFO and Avg Cost systems. Coordinated monthly

and annual physical inventories through various stages of factory

completion.

Created a program to bridge IE standard rates into the cost system.

Naturally this kept the cost sheets current and accurate for explaining

variances and bidding new jobs.

C. Factory Accountant: Made detailed analyses of General Ledger balances.

Assign proper account numbers to purchase orders. Prepare Balance Sheet,

Income Statements, and Current Assets to Current Liabilities ratios, Return

on Assets (ROA) Cash flow and P&L statements. Work with departmental

managers, Controller and General Manager to establish monthly and annual

budgets. Reconciled all General Ledger accounts.

D. Fixed Assets: Created General Ledger accounts to collect all cost

associated with the fixed asset cost. On completion of the project,

determined the correct method of depreciation and set up the appropriate

depreciation rates. Implemented an Excel program to use hypertext to link

fixed assets to pictures for the auditor's verification.

E. Accounts Payable/Receivable: Insured all invoices were properly matched

to the approved purchase order and receiving reports. Quickly resolved any

issues to insure cash discounts would be taken on time. Reviewed aging

reports and bank statements for old items needing immediate attention.

F. Payroll: Processed payroll for 450 employees, reconciled bank

statements, prepared quarterly 941a?s, 1099's, FUTA, SUTA, Workers Comp

reports, W-4 and annual W-2 forms. Interacted with Dept Managers to reduce

employee payroll shortages due to late timecards.

G. Software experience- Excel, Word, Access, Lotus, SAP, and IQ400. Very

strong background in Excel.

Reason for leaving Bridgestone/Firestone- Reduction in force. Due to

increased competition from imported tubes from China and Korea, they

eliminated 10% of the salaried staff.

Summary of Experience:

Cost Accounting

Government Bids

Payroll-Multi State

Workers Comp

Accounts Payable

Accounts Receivable

Fixed Assets

Purchasing

Inventory Management

Receiving

Imports

Exports

Excel Programming

ISO 9000

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