Management Financial

mitchell sherman, Mba

*** ******** **** ~ Ottsville, PA 18942

Home 610-***-**** ~ Mobile 267-***-****

Email: abmld5@r.postjobfree.com

Accomplished and seasoned Financial Executive with solid and progressive

experience in directing all facets of accounting and financial functions

within organizations. Highly skilled in effectively collaborating with all

members of the organization to achieve business and financial objectives.

Adept in streamlining financial processes, enhancing productivity levels,

and implementing technology solutions. Significant experience in

manufacturing, IT services, distribution, and retail.

AREAS OF EXPERTISE

Accounting Financial Management Financial

Financial Budget Management Reporting

Statements Financial Analysis P&L Management

Forecasting IT Infrastructures GAAP Compliance

Due Diligence Treasury

Management

Career Highlights

o Spearheaded the implementation and upgrade of the retail POS system

for Hamilton Jewelers.

o Established the management reporting processes for store level

managers at Hamilton Jewelers, which empowered the executive team to

take financial ownership of the stores.

o Integrated the financial budgeting process with the merchandising open-

to-buy process to increase accuracy of total operating model and cash

flow projections at Hamilton Jewelers.

o Successfully led the buyout of 1 of 2 principals by restructuring

Robbins Diamonds' debt in conjunction with the establishment of new

banking relationships.

o Reorganized the finance department and installed new accounting

software and month-end procedures to effectively produce on-time

monthly financial statements and forecasts required by the bank for

Robbins Diamonds.

o Introduced procedures for improving merchandizing open-to-buy

processes and cash flow forecasts at Robbins Diamonds.

o Reorganized Real Enterprise Solutions during rapid revenue losses,

which included closing 14 offices throughout the United States and

settling employment contracts with 200+ employees.

o Divested most of Real Enterprise Solutions' assets to satisfy

creditors, which included the settlement of dozens of creditor claims

that allowed the Belgian parent company to wind-down operations in the

United States.

o Led international due diligence initiatives for the parent

organization of Real Enterprise Solutions in Belgium.

Professional Background

HAMILTON JEWELERS 2004 -

2010

Chief Financial Officer

Provided leadership and direction to all aspects of executive leadership

and financial stewardship of the company. Managed the technical

infrastructure of the company. Supervised 13 associates in Finance, HR, IT,

and Inventory departments, which included overall company management of

120+ associates as a member of 3-person Senior Executive team. Implemented

the new Point-of-Sale/Inventory system.

Select Highlights:

o Prepared monthly financial reports, annual plans, and monthly variance

analyses for a company with 6 stores plus internet and corporate

sales.

o Maintained sole accountability for treasury management, international

banking, and bank reporting with monthly covenant analysis.

o Pioneered the implementation of MAS90 Accounting and FRX consolidation

software.

o Championed efforts to restructure the financial systems, which aided

in producing detailed monthly financial statements and store-level

management reports.

o Restructured the HR/Payroll department and implemented the use of time

clocks, resulting in improved scheduling controls and reduced labor

costs.

o Produced $250K in annual savings by changing merchant services

provider, restructuring bank accounts, executing new

shipping/insurance contracts, and renegotiating multiple service

contracts.

o Increased purchase discounts from $65K to $340K.

ROBBINS DIAMONDS 2002 - 2004

Chief Financial Officer

Managed all aspects of financial functions. Supervised and coached 7

employees in performing at optimal levels. Streamlined financial processes,

enhanced efficiency, and upgraded the financial reporting software.

Optimized the layout of the Compaq Alpha platform and POS software.

Select Highlights:

o Developed monthly financial statements, budgets, and forecasts, which

aided in business decision-making processes.

o Directed all aspects of treasury functions for a $20M business with 5

stores plus internet sales.

o Terminated and liquidated the defined benefit plan and rollover of the

401(k) plan to a new administrator.

REAL ENTERPRISE SOLUTIONS, INC. 2001 - 2002

Chief Financial Officer

Led financial management, financial reporting, accounting, and budgeting

responsibilities. Restructured debt through extended negotiations with the

banks, factors, and suppliers.

Select Highlights:

o Reorganized a multinational IT consulting and engineering company that

serviced the pharmaceutical, food and beverage, and energy industries.

o Directed the transition of the Oracle Accounting System to Peachtree

Accounting, which enhanced data integrity.

o Secured working capital through private investment, A/R factoring, and

restating taxes.

HOWDEN COMPRESSORS, LLC 1998 - 2001

Controller

Executed accounting and financial management activities. Handled general

ledger activity associated with account analysis and reconciliation,

journal entry preparation, and closing. Launched a new distribution

facility for a United Technologies subsidiary. Developed monthly financial

statements, budgets, and forecasts. Compiled supporting documentation for

U.S. operations with consolidations via UTC's Hyperion Enterprise system.

Supervised 5 employees in daily job tasks.

Select Highlights:

o Established a financial reporting infrastructure and financial

controls for the company.

o Maintained full responsibility for the $3 million perpetual inventory.

Additional Experience

Manufacturing/Tool & Die - Controller/HR Manager, TDC Precision, LP

1996 - 1997

Manufacturing/Metal Fabrication - Controller, Gross Metal Products, Inc.

1990 - 1996

Public Accounting - Staff Accountant, Fishbein & Company, P.C. 1989

Education & Affiliations

Master of Business Administration, Finance/Entrepreneurship - December,

2000

Penn State University

Bachelor of Science, Accounting - December, 1988

San Diego State University

Member, IMA

Currently pursuing CMA Certification

Technical Skills

ASC Craftsman, MAS90, FRX Consolidator, Oracle, Hyperion Enterprise, Open

Systems, Mapics, ADS for Apple, Peachtree Accounting, QuickBooks Pro, MS

Office, Crystal Reports, Monarch, Lotus 123, ADP/Ceridian/Paychex

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