Manager Accounting
Resume:
Email address
aboup3@r.postjobfree.com
First Name Middle Last Name Suffix Maiden Name
Douglas Paul Brennan
N/A
Work Phone & Ext Toll Free Phone Fax Phone Home Phone
Cell Phone Pager Personal Web Site Address
Secondary E-mail
Address City, State
Zip
10900 Paddock Drive Walton KY 41094
Month/Year Hired Month/Year Left Total Years with Company
Jun 1985 Apr 1987 2
Office Division Title
Cincinnati Audit Staff
Country Other Employment Details
(Previous positions, duties, or fun info)
United States
Company Name Position
Luxottica Retail North America Senior Manger - Inventory Services
Company Web Site
http://
Company Size (employees) Est. Company Revenue Industry
251+ > $25,000,000 Manufacturing
Do you hold any professional certifications?
(Separate with commas)
CPA, INACTIVE, Ohio
Other Current Employment Details
(Description of Position)
Birthday Marital Status Spouse's Name Anniversary
Jul 23 Married Amy 6-21-86
Children's Names & Ages
Elizabeth 22, Alexander 21, Abigail 19, Jackson 15
c Copyright Andersen Alumni Association 2012. All Rights Reserved.
Doug_Brennan_Resume 8.docDouglas P. Brennan
CPA (INACTIVE)
10900 Paddock Drive Home 859-***-****
Walton, Kentucky 41094 Cell: 859-***-****
aboup3@r.postjobfree.com
SENIOR ACCOUNTING / FINANCE MANAGER
Senior level Accounting and Finance professional with extensive experience in developing
and leading accounting / finance teams to sustained success within a growing and
increasingly complex business environment. Have proven track record of success in retail,
manufacturing, distribution, and service related businesses. Possess well-developed
analytical and technical skills that support internal and external financial reporting,
accounting, budgeting, inventory management, and system design. Expertise and core
strengths include:
Process Engineering & Maintenance
Talent Development & Maintenance
Change Management
Customer/Service Enhancements
Cross-Functional Communication & Project Coordination
GAAP & Accounting Standards
Accounting Close Process Management (including Variance Analysis & Balance Sheet
Reconciliations)
Inventory Control
Physical Inventory Verification (Wall to Wall Counts & Cycle Counting)
Post-Acquisition Integration of Inventory (includes Goodwill Calculation)
IT Systems & Accounting Synergies
Forecast/Plan Development
Financial Analysis
Sarbanes Oxley Development, Implementation, & Maintenance
Operational Auditing
Oracle Financial System
JDA & SAP Merchandising / Inventory Systems
AS400 & Essbase Query
PROFESSIONAL EXPERIENCE
LUXOTTICA RETAIL NORTH AMERICA Mason, Ohio 1987-2010
A $4 billion provider of eyewear products and optometric services with over 5,000 retail
stores, 5 central manufacturing labs, and 6 distribution centers in North America. Brands
included: LensCrafters, Sunglass Hut, Pearle Vision, Sears Optical, and Target Optical.
Senior Manager - Inventory Control Services, (2008 - 2010)
Key leadership team member of the Inventory/Payables group responsible for oversight of
all physical verification procedures for retail stores and distribution entities ($300
million of inventory), as well as a call center supporting store inventory concerns.
Served as chief liaison between the Inventory Accounting team and functional areas such as
IT, Store Operations, and DC Operations to ensure that new initiatives or operational
changes were accompanied by processes or process modifications that ensured effective
control and proper accounting treatment. Responsible for designing and implementing
innovative solutions for brand initiatives that resulted in tangible savings and high
customer satisfaction.
Implemented SAP Retail as part of worldwide initiative to establish SAP as global
platform for Luxottica Group.
Achieved approximately $100K savings annually through the redesign of the Inventory
Adjustment process while improving customer satisfaction 25% in the call center.
Developed new analytics for shrink providing insight into risk based on store type,
volume, and product mix. Allowed for precise identification and targeting of Focus
Stores for subsequent Loss Prevention intervention.
Fully integrated the inventory for Optical Shops of Aspen on to Luxottica Retail s sub-
ledger. Allowed for timely takeover of financial reporting by Luxottica Retail within its
luxury division.
Designed process for rapid pullback of customer returned frames from LensCrafters stores
achieving goals of ascertaining dollar scope of inventory and retagging of frames to
highlight as previously used. The result was to eliminate potential litigation on the part
of some states Attorney Generals and the need for a physical inventory count, saving
$120K.
Developed Cycle Count Scorecard for Distribution Centers to allow for precise tracking of
cycle count coverage in order to ensure Luxottica Retail s Cycle Counting policy was
followed.
Senior Manager - Inventory Control Accounting, (2000 - 2008)
Team lead responsible for all inventory accounting activities including monthly sub-
ledger close, reviewing/approving all journal entries, balance sheet reconciliations, and
the development of capitalization and reserve processes. Supported external and Sarbanes
Oxley audit requirements.
Fully integrated the inventory for major acquisitions including Sunglass Hut, Watch
Station, Pearle Vision, Sears Optical, Target Optical, and BJ s Optical (also responsible
for valuing intangibles related to the inventory). Acquisitions led to a doubling of
Luxottica Retail s revenues and tripling of inventory.
Developed new analytics to better understand variance to forecast/plan; worked cross-
functionally to improve interlock between Product Planning and Brand Finance to reduce
forecasting errors.
Implemented Sarbanes Oxley by leading the team tasked with the initial drafting of
Inventory process narratives and the Inventory Risk Control Matrix.
Accounting Manager LensCrafters, (1995 - 2000)
Developed and oversaw the accounting team responsible for the preparation of journal
entries in support of the monthly closing of the general ledger and balance sheet
reconciliations. Responsible for identifying and researching variances to plan/forecast.
Partnered with financial planning to forecast cost of sales, cost of processing, and
inventory balances. Worked cross-functionally with the Product Group to develop and
prepare inventory reports for management of new parent company Luxottica.
Fully integrated JDA Inventory/Merchandising system as part of strategy to support growth
of LensCrafters.
Designed and participated in operational audits of LensCrafters stores and DC that
resulted in go-forward process modifications that led to greater control and efficiencies
within the operations.
Fully integrated the inventory for the EyeWorld acquisition and valued the intangibles
related to the inventory acquired.
Designed and implemented process changes for stores on how to handle defective and
damaged frames that resulted in $200K in annual savings and improved accuracy of inventory
records.
Staff/Senior Accountant LensCrafters, (1987 - 1995)
Prepared journal entries in connection with the monthly closing of the general ledger.
Developed and prepared variance analysis reporting to upper management. Prepared monthly,
quarterly, and annual cost of sales plans/forecasts and inventory plans/forecasts.
Responsible for scheduling, executing, and reporting of store level and distribution
center physical inventories.
Served three months as Accounting Manager for LensCrafters Canada at the Toronto
Headquarters where I oversaw the acquisition and integration of the EyeMasters chain,
resulting in a doubling of revenue for the division.
Developed policy and processes for reviewing inventory for possible markdowns and
obsolescence recognition.
Created data integrity reporting and established processes to ensure proper control over
sku-level costing.
ARTHUR ANDERSEN & COMPANY Cincinnati, Ohio 1985 - 1987Certified Public Accountant participating in a variety of audits, including public and
non-public companies. Industries included retail, manufacturing, utilities, and
banking/finance.
EDUCATION / CERTIFICATIONS / PROFESSIONAL ASSOCIATIONS
Thomas More College, Crestview Hills, KY
Bachelor of Arts, Accounting
Associate of Arts, Business Administration
Certified Public Accountant (Inactive) Ohio
Proficient in Microsoft Excel, Word, & PowerPoint, Business Objects, JDA, SAP, Oracle
Financials, AS400 Query, Essbase Query.
Douglas P. Brennan, CPA (INACTIVE) Page
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