Mala M. Ray

**** * **** ** ( Denver, CO *****

ablsl1@r.postjobfree.com 303-***-**** ( cell 303-***-****

Finance Manager

Extensively experienced and detail-oriented Finance Leader responsible for

financial control, reporting, financial analysis, forecasting, systems and

process improvements. Hands on manager who has directed teams to support

achievement of overall corporate goals. Self driven, detailed individual

with the ability to communicate with all levels of an organization. Strong

analytical and computer skills. Core competencies include:

Accounting Management Cost Accounting Problem Solving

Financial Accounting Operations Standard/Project Costing

Analysis/Reporting GAAP/SOX regulations

Forecasting/Budgeting SAP R/3 Sales Orders/Purchasing

JD Edwards One World Hyperion Enterprise

Career Experience

GAMBRO RENAL, LAKEWOOD, CO

Interim Acct Manger/Asst Controller, 2009-current

Responsible for month end closing for 4 geographic (a manufacturing plant,

a US and Canadian sales office and a combo stand alone manufacturing/sales

company in Minneapolis) locations on 3 different, non integrated systems.

Includes financial statements, sales and gross margin analysis by product

line, rebates, cost center reporting, audit schedules, reconciliations and

forecasting for 10 reporting units while company completes an SAP

implementation. Department has experienced a 90% turnover rate requiring

quick action in order to close in the standard 4 day close period.

Reporting under IFRS into a Swedish investment firm using Vega.

Medtronic Navigation, Louisville, CO

Senior Acct Manager/Acct Manager, 2000-2009

Directed financial management functions including monthly variance

reporting for a 190 million World Wide division of Medtronic, Inc. Oversaw

general accounting, including AR/AP, account reconciliation, inter-company,

fixed assets, non operating expenses, internal allocations and cost

accounting. Develop highly skilled accounting team to achieve objectives.

> Finance lead on local SAP implementation with no disruption to the

business. Heavy involvement with Purchasing generating over 20

million in inventory receipts annually, Sales Order processing of over

12000 sales transactions and Material Movement Modules in addition to

General Ledger, Fixed Assets and Project Accounting. Trained finance

staff on accounting modules during implementation.

> Due Diligence for Finance on Boston purchase. Developed general

ledger structure used to transition facility to Medtronic finance

policies using existing EPR system and then to SAP and Hyperion

Enterprise.

> Key liaison between Colorado, Boston and Israeli plants ensuring

compliance to corporate policies, timely completion of tasks and

consolidation of analysis results, budgeting and forecasting.

> Implemented process changes related to internal audit findings at the

Israel plant and developed a method to simulate standard costing with

an actual cost EPR system.

> Developed PowerPoint on how to charge project expenses from various

sources for engineering. I.e.; SAP material movements and purchase

requisitions, Expense Reporting, P cards and cross department charges.

> Performed standard cost functions, including new LBM's, during staff

shortage. Also provided financial partner to business VP's providing

variance analyses, forecasting and guidance related to their areas of

control

> Reviewed legal contracts for accounting issues, primarily royalties

and off balance sheet issues.

> Created summary manufacturing variance reporting for management review

in pinpointing areas of concern and opportunity.

> Booked entries for the sale of 2 businesses and the purchase of 2

others. Determined earn out calculations on original Navigation

purchase.

> Worked with Manufacturing Operations to resolve inventory issues on

returns from inter-company customers and returns to vendors.

> Worked with corporate tax to develop transfer price policies and

processes on service related inter-company transfers.

Fischer Imaging, Thornton, CO, 1994-2000

Cost and Accounts Payable Manager, 1998-2000

Prepared financial reports, developed budgets, performed variance analysis

and compiled periodic financial reporting for senior management. Supervised

general/fixed asset accountant, a three person accounts payable department

along with cost management functions. Acting co-controller after

resignation of CFO in October 1999.

> Restructured chart of accounts, month end reporting and sales tables

for business unit reporting while converting one unit to back flush

inventory processing.

> Worked with Purchasing to streamline vendor returns and cleanup of old

issues that affected Accounts Payable.

> Assist bankers, outside auditors and lawyers with information

gathering, reporting and manufacturing process flow. Included court

documents and audit schedules.

Cost Accounting Manager, 1994-1998

Responsible for all accounting/forecasting activities related to

inventories, cost of sales, preparation and review of journal entries.

Assure the cost system provided accurate and timely management reports.

> Established yearly labor and overhead application rates and directed

yearly standards setting process. Coordination of physical

inventories, cycle count program and perpetual inventory

reconciliation. Coordinate transfer of 3million in Chicago inventory

to Denver.

> Analysis of manufacturing variances and inventory reserves, comparing

to forecasted targets. LIFO calculations and supervision of labor

reporting system to ensure accurate measurement of labor efficiencies

and costs.

> Developed processes and procedures for new Service package. Test

field inventory tracking, cost implications and off site repair

expenses. Set up job and site types, labor activities and service

revenue table.

Project Cost Accountant, 1994

Developed computerized reporting processes and controls to report monthly

project costs. Financial liaison to Engineering Department.

McDATA Corporation, Broomfield, CO, 1988-1993

Revenue Accountant, 1991-1993

Administration of revenue recognition and reporting for 50 million

organization, with three channels of distribution and three business units.

Managed monthly third party maintenance expenses and unearned revenue

balances. Reviewed warranty costs.

> Managed collection activities on $9 million in receivables, improving

DSO's from 62 to 55 while streamlining and simplifying aging reports.

Evaluated credit worthiness of customers and established credit

limits. Processed letters of credit

> Customer Support business partner, assisting with budget development

and variance reporting.

Cost Accountant, 1988-1991

Monitored inventory accuracy and reporting, managed inventory cycle count

procedures and directed physical inventory procedures of 6 million with a

.2% variance.

> Monitored non revenue shipments and costs. Developed non revenue and

demo policies and databases for controlling and tracking inventory,

reducing missing inventory by $100K.

> Created product unit and gross margin reporting, actual and budget

along with variance analysis.

> Evaluated Engineering Change Orders for cost and obsolescence

implications. Traced Field Modification Orders against balance sheet

accruals.

Duo-Fast Corporation, Denver, CO

Division Accounting Manager, 1986-1987

Responsible for all operations accounting for a sales and service division

operating in 5 states. Managed month end reporting and cut off procedures

for the division. Supervised a staff of six.

> Calculation of sales commissions and charge backs.

> Management of fixed asset reporting, multi-state payroll and sales and

use-tax reporting.

> Development and implemented policies and procedures manual.

Education

Bachelor of Science, Business Administration

Regis University - Denver, CO

Applied Science Accounting, Business Management

FRONT RANGE COMMUNITY COLLEGE, Westminster, CO

Passed CPA examination 1988 Member AICPA

Profiles: Meyers Briggs ISTP DISC C/D

Investigator/Creative

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