Sales Accounting

ted halperin

Email: abo0m4@r.postjobfree.com

Address: *** ******** **** ****

City: Yorktown Heights

State: NY

Zip: 10598

Country: USA

Phone: 914-***-****

Skill Level: Management

Salary Range: 100

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

TED S. HALPERIN

142 HITCHING POST LANE

YORKTOWN HEIGHTS NY 10598

914-***-****; abo0m4@r.postjobfree.com

CFO

Decisive, goal oriented problem solver with diverse and extensive financial management, analysis and training experienceaaiGraduated from Wharton School of Business with honorsaai Proven track record of developing and expanding new and existing marketsaai Good long-range planner with exceptional organizational skills who is able to bring order out of chaosaai Personable, people oriented with the ability to effectively handle and negotiate problem situations.

SELECTED ACCOMPLISHMENTS AND CAREER HISTORY

Consultant/Acting CFO 2012 to present

Actionable Data Solutions/Loss Prevention Works, LLC. New York NY

Review financial activities for this software company that provides retailers with the capacity to do analysis on point of sale data, providing high value information necessary to improve business performance. Annual revenue exceeds $3 Million.

aai Developed detailed short and long term projections in conjunction with business plan for presentation to potential new investors.

aai Work closely with CEO on strategic planning issues.

aai Review and modify general ledger postings to more accurately reflect business activity.

aai Perform month end close, and prepare monthly financial statements for presentation to CEO.

Finance Controller 2011 to 2012

Wynnstarr Flavors, LLC., Congers, NY

Managed day to day accounting and financial activities for this food flavor manufacturer, with annual revenues of $31 Million. Wynnstarr tests and creates formulas to enhance food flavoring used in by major restaurants and food manufacturers throughout the United States and Europe.

aai Reorganized general ledger to more accurately reflect proper posting of invoices, resulting in accurate financial statements being represented internally to principals.

aai Worked closely with individual salespeople to create a month to month sales projection model, resulting in an increased focus of expectations for each salesperson. Enhanced monthly sales and gross margin reports and analysis.

aai Developed customized reports to give production manager increased visibility on month to month product and raw material usage trends, resulting in better planning for production activities.

aai Instituted policies and procedures to facilitate a consistent month end close, and timely preparation of monthly financial statements, which previously did not exist.

aai Managed an accounting staff of five, including accounting and finance managers, and three accounting clerks

aai Managed annual audit with outside CPA, results of the audit were excellent in comparison to those in previous years.

CFO 2010 to 2011

Madame Alexander Doll Company, Inc., New York, NY

Managed day to day accounting and financial activities for this doll manufacturer, with annual revenues of $25 Million. ADC imports collectible, fashion, and baby dolls from China, for distribution in the United States, Canada, and Europe. ADC has an extensive customer base which ranges from small, boutique stores to major retailers, such as Target, Walmart, and Sears.

aai Targeted slow moving items within an inventory of over 750 SKUs, and worked closely with Sales Managers to identify customers who could accept product without having to force the company to sell much below standard gross margin.

aai Significantly improved communication and reporting between the company and its lender, by providing consistent updates to cash flow and income projections.

aai Reduced operating expenses by renegotiating contracts with overhead vendors, at a significant savings to what had originally existed.

aai Reduced cost of goods by replacing existing freight forwarder with a new vendor, who was able to reduce overseas shipping costs by over 20%.

aai Managed an accounting staff of four, in addition to working closely with sales managers to develop projections, and purchasing managers to reduce excess inventory commitments.

aai Prepared monthly financial statements, including income statement, cash flow, and balance sheet.

CFO 2008 to 2010

Inteco, International Trade, LLC. East Rutherford, NJ

Managed day to day accounting and financial activities for this canned food distributor, with annual revenues of

$45 Million. Inteco imported canned vegetables such as olives, artichokes, and peppers, in addition to canned fruits and other items, for distribution to three major United States food distributors. Inteco also had an extensive customer base which includes many smaller, privately owned accounts throughout the United States.

aai Identified various unprofitable items within the product line through extensive margin analysis.

aai Reduced excess overhead by consolidating Intecoaaiais in house delivery operation. This resulted in a reduction of payroll for drivers, in addition to a reduction in fuel and other trucking expenses. The use of common carriers resulted in significant savings for long haul deliveries.

aai Prepared monthly financial statements, including income statement, cash flow, and balance sheet.

aai Managed a $10 Million credit facility, worked with lender on field audits.

aai Assembled internal financial information and analysis for yearly tax return and external CPA review.

aai Managed accounting staff of three, while working closely with sales and purchasing departments.

T. Halperin page 2

CFO/Controller 1995-2008

Windsong/Allegiance Group/Joe Boxer Co., Westport, CT

Managed accounting and financial activities for this conglomerate of four companies, including one brand name license company, Joe Boxer Co., with annual royalties of $20 Million, three clothing importers, Windsong, Inc., which specialized in brand name menaaiais sportswear, Allegiance Apparel Group, which specialized in brand name menaaiais sleepwear, and New Frontier Holdings, which specialized in private label womenaaiais clothing. Annual revenue of the three importers was as high as $70 Million. Annual license fee revenue was $16 Million.

aai Directly supervised accounting staff of four, while working closely with various departments, including sales, production, and order fulfillment. Reported directly to ownership and participated in all key executive meetings.

aai Integrated acquired companiesaaiai financial infrastructure while reducing staff shortly after acquisitions were completed.

aai Presented financial business plans including income statement, cash flow, and balance sheet projections, for periodic meetings with principals and lenders.

aai Sought out and established relationships with new freight forwarders resulting in a 25% reduction in international freight costs.

aai Spearheaded project to move from an in house to a public warehouse and distribution center which resulted in a savings of 2% of sales.

aai Negotiated reduced rates on factor commissions, interest rates on loan balances and letter of credit fees resulting in savings in excess of $150,000 per year.

aai Managed credit line of up to $20 Million.

aai Assembled and verified internal financial information as required for yearly tax return external CPA audit.

aai Greatly improved the efficiency of midyear and year-end audits resulting in savings of $75,000 per year in auditing charges.

aai Negotiated with vendors to obtain open terms in lieu of letters of credit, saving over $100,000 in interest and L/C costs.

T. Halperin page 3.

Controller 1993-1995

Creations by Alan Stuart, Inc., New York, NY

Managed day to day accounting functions for this personal care accessories importer with an annual sales volume of $8-$10 Million.

aai Reorganized inventory of over 1000 SKUaaiais by creating analytical reports, which incorporated

purchasing and sales information. Previously, no inventory was taken for several years. Improved cash flow by identifying excess inventory to liquidate to specific customers.

aai Reorganized general ledger for more accurate financial statement reporting.

aai Managed credit line of $2 Million.

aai Managed an accounting staff of two, focusing on accounts payable and accounts receivable.

aai Reduced outside auditing fees by automating general ledger system and streamlining financial reporting.

Controller 1989-1993

Sweet Longjohns, Inc., New York, NY

Managed day to day financial and accounting functions for this womenaaiais sleepwear manufacturer, with annual sales volume of $9 aaiaii $12 Million. including financial reporting, accounts receivable, accounts payable, general ledger, and inventory control.

aai Successfully negotiated 1 A% rate reduction in interest rate on line of credit, resulting in a 20% annual savings in interest expense.

aai Increased gross margins by working closely with purchasing manager on reducing raw material costs.

aai Reduced dilution on Accounts Receivable by working with customers to resolve disputes.

aai Managed factor relationship and credit line

aai Supervised accounting staff of three.

Director of Finance and Operations 1986-1989

National Leather Goods Co., Inc., Philadelphia, PA

Managed all day to day accounting issues and managed East Coast factory, while the company expanded operations in Mexico, for this domestic leather goods manufacturing company with annual revenues of $2-3 Million.

aai Implemented a customized PC based sales and accounting software system, which increased efficiency in all areas of financial management.

aai Established and implemented improved quality control standards, which significantly decreased the amount of defective merchandise produced.

aai Initiated incentive plans and programs with manufactureraaiais reps, which generated an overall sales increase of more than 40%.

T. Halperin page 4.

Financial Systems Analyst 1984-1986

Morgan Stanley & Co., Inc., New York, NY

EDUCATION

University of Pennsylvania

Jerome Fisher program in Management and Technology

Wharton School of Business Bachelor of Science in Economics (Finance/Accounting major)

Towne School of Engineering Bachelor of Applied Science (Chemical Engineering major)

Benjamin Franklin Scholar

Cum Laude Graduate

COMPUTER SKILLS

Peachtree Accounting for Windows, MAS90, Open Systems, Microsoft Office applications.

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