Sales Accounting

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GAYLORD SLEDGE, C.P.A.

Bel Air, Maryland 21015 410-***-****

abni5e@r.postjobfree.com

Summary:

Experienced financial executive with a history of success in financial planning and analysis, ERP system

implementation and training, Sarbanes – Oxley process documentation, capital budgeting and product

costing. Skilled in mergers, acquisitions, and divestitures.

Ability to evaluate operations and computer systems to increase efficiencies.

Strong analytical, manager ial, and technical skills.

Proven track record of accounting process improvement.

CAREER HISTORY

SAFENET, INC. Belcamp, MD 2008 to 2009

SafeNet, Inc. is the global leader in information security protecting communications, digital identities and

intellectual properties with sales of $250M and operations throughout the United States, Europe, and Asia.

Director, Regional Operating Controller – Americas

Responsible for researching and evaluating the application of new and existing accounting guidance for

application to the accounting and reporting process. Month end closings for the Americas group which

includes U.S., Canada, Mexico and Brazil divisions. Monthly, quarterly, and annual Americas financia l

statement preparation including elimination entries. Maintain internal controls. Quarterly notes to the

financial statements for A/R reserves/bad debts and warranties. Managed a staff of 10 in the following

areas: General Accounting, Financial Reporting, AP, and Payroll.

Served as the area expert for the Oracle implementation project, working with the consulting team

to ensure all significant issues in regards to reporting and day to day functionality of the ERP

system were in alignment with stated go als of project. Managed project timeline for the area.

Researched and evaluated the application of new and existing accounting guidance for application

to the accounting and reporting process. Specific areas of research include SOP 97-2, SFAS

SFAS 13, 34, 47, 48, 52, 86, 144 and 146.

Saved the company $1M per quarter in additional interest fees by w orking with the audit team to

develop complete analytical package to complete the restatement activities.

Established financial review process as well as r eserve policy for sales returns and warranties.

Reduced the closing cycle from an open format to 10 days by establishing a monthly closing cycle

including a calendar for U.S., Canada, Brazil and Mexico. Worked with outside partners to

establish their responsibility and duties in the cycle.

ASCENDIA BRANDS Trenton, NJ 2008

Ascendia Brands, a manufacturer and distributor of a diversified portfolio of branded health and beauty

care products with sales of $190M. They sold nationally and internationally through a variety of channels.

The company filed for bankruptcy under Chapter 11 in August 2008 and has since sold off all assets.

Controller

Directed financial accounting and reporting for $190 million public reporting company. Implemented

COSO framework for Control Activities, Information and Communication and Monitoring. Established

and maintained internal controls. 10K, 10Q, and internal GAAP financial reporting preparation. Research

and implementation of new accounting pronouncements. Established monthly closing cycle.

Enabled projected savings were $200k annually by converting SEC reporting and financial

leadership from outside consultants.

Began the process of accessing the Control Environment.

Reduced the closing cycle from an open format to 5 days by establishing monthly closing cycle.

Negotiated payment term with problem accounts receivable accounts.

Prepared 10K, 10Q, and internal GAAP financial repo rting for delinquent quarters.

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DREYER’S GRAND ICE CREAM Laurel, MD 2006 to 2008

Dreyer’s Grand Ice Cream is a $2B division of Nestle, a manufacturer and distributor of ice cream and

frozen dessert product s. The Laurel plant has just completed a $250M expansion, which is the largest

single investment by Nestle. The expansion included adding 350 new permanent employees.

Plant Controller

Led the strategic planning of plant operations as a member of the Plant Leadership Team. Directed the

planning and implementation of finance and accounting department procedures and with all cost

accounting, cost estimating, overhead rate analysis and tracking, budgeting and variance reporting for a

$260M dollar budget. Maintain internal controls. Directed the accounting activities to ensure the

preparation of accurate and timely financial statements, the safeguarding of assets and asset control

functions. Oversaw t imely filing of government reporting. Weekly and monthly forecasts. Provided

guidance and support to senior staff.

Identified areas of exposure and standard costs errors by developing daily reporting that tracked

actual headcount (temp and full time) by line against standards. Actions were taken to resolve

over staffing and correct process for building 2008 standards identifying $2M in opportunities.

Developed standards for cost accounting, overhead rate analysis and tracking for $230M dollar

plant budget.

Monitored budget and variance reporting for a $230M dollar plant budget and a $33M dollar

warehouse budget.

Developed, analyzed, and interpreted statistical and accounting information in order to appraise

operating results in terms of profitability, performance against budget, resource utilization,

production optimization, and other matters bearing on the fiscal soundness and operating

effectiveness of the organization. Presented results and analyses at weekly/monthly Operation

Review Meetings.

Negotiated over $1M dollars in savings through timely and accurate identification filing of

training opportunities available through the Maryland Department of Economic Development.

Developed budget and managed spending on a $41M dollar capital budget including ROI

calculations.

B&G FOODS, INC. Parsippany, NJ 1988 to 2006

B&G Foods is a manufacturer and distributor of a diversified portfolio of high quality, shelf -stable food

products across the United States, Canada and Puerto Rico with $450M in sales. They operate five

manufacturing facilities and three warehouses across the United States.

Corporate Controller 1993 to 2006

Directed financial accounting and reporting for the public food manufacturer. Sarbanes – Oxley

implementation of COSO framework for Control Activities, Information and Communication and

Monitoring. Established and maintained internal controls. Financial system implementation, upgrades,

and training for 8 facilities. Prepared 10K, 10Q, and internal GAAP financial reporting . Developed

underlying assumptions for corporate budgets. Preparation of forecasts. Managed security levels and

system controls for financial and back office systems. Maintain internal controls. Monthly financial

statement review with departmental leaders to analyze and interpret spending trends. Managed a staff of 25

in the following areas: Treasury, Cost Accounting, Tax, Financial Accounting, Credit and Collections,

Deductions, Accounts Payable, and Data Processing.

Rolled out new ERP system needed to solve problems of support and functionality, after analysis

and decision not invest further into old system.

Save $250k annually in customer deductions by re-engineering the customer deductions process.

Enabled department to focus on actual proble ms to be solved. Total dollar value of unauthorized

deductions was reduced by over $1M. Instituted procedures to correct billing to reduce both dollar

value and volume in the future.

Improved accuracy of order taking, picking and days sales outstanding by instituting EDI

invoicing and improved order processing.

Reduced shrinkage problem by leading various studies culminating in a stakeout which

apprehended a driver and warehouse employee.

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Plant Controller 2000 to 2006

Maintained standard costing for manufacturing facility and co -packed items. This included

monitoring of changes in raw material costs that affect the companies’ gross profits.

Provided analysis of key operating indicators for the Roseland manufacturing facility.

Developed underlying assumptions for corporate budgets.

Developed new cost standards after plant consolidation of bagel chip facilities.

Accounting Manager 1990 to 1993

Performed acquisition due diligence.

Reduced month end closing processing to 5 days from 10.

Managed cash and cash flow forecasting.

Budget development and analysis.

Managed fixed assets and corporate taxes.

Supervised Accounts Payable and Credit and Collections.

Staff Accountant 1988 to 1990

Prepared consolidated financial statement.

Performed budget analysis, general ledger analysis, and fixed asset control.

P.W. COMMUNICATION Secaucus, NJ 1985 to 1988

Physicians World is a full-service provider of medical education programs, public ation planning and

scientific symposia for physicians.

Accountant

Supervised Accounts Payable staff. Prepared consolidated financial statements and federal and state tax

returns. Analyzed monthly financial statement variances versus the budget. Prepar ed monthly general

ledger analysis including fixed asset reconciliation. Bank reconciliation’s.

HUNT CHEMICAL CORPORATION West Paterson, NJ 1983 to 1985

Hunt is a leading manufacturer and distributor of dry and liquid toners, develo pers, and digital duplicator

inks. Hunt Chemical has manufacturing facilities in the US and Europe.

Staff Accountant

Prepared consolidated financial statements. Analyzed monthly financial statements variances. Prepared

monthly general ledger analys is. Performed bank reconciliation’s. Translated foreign currencies and

prepared foreign government reports.

EDUCATION:

Bachelor of Arts in Accounting

Fairleigh Dickinson University, Teaneck, NJ

Computer Skills:

Oracle, Navision, Hyperion, COGNOS, Epicor, FRX, PowerPoint, Excel, Word, Access, Visio, PRISM,

Quickbooks

Professional Credentials:

Certified Public Accountant – State of California

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