Accounting Management
Resume:
John Polsky
Email: abqncp@r.postjobfree.com
Address: ** ********
City: Norwalk
State: CT
Zip: 06850
Country: USA
Phone: 203-***-****
Skill Level: Director
Salary Range: $135,000
Primary Skills/Experience:
See Resume
Educational Background:
See Resume
Job History / Details:
JOHN POLSKY, CPA
24 Glenrock, Norwalk, CT
abqncp@r.postjobfree.com
CFO / DIRECTOR OF FINANCE
EXECUTIVE SUMMARY
Expert in: Financial Management ~ Financial Statement Preparation ~ Operations
Versatile, high-energy executive who leads groups through change and challenge. Strategic problem-solver who envisions smart solutions and executes with urgency across all levels of the organization. Hands-on leader with extensive financial management experience who is an outstanding strategist able to deliver record breaking cost savings. Skilled in negotiating partnerships and alliances. Keen ability to forecast industry trends and capture opportunities and proficient in multiple areas of technology, including software development, network infrastructures and operating systems and applications and tools.
CORE COMPETENCIES
Profitability Reporting ~ Capital Investments ~ Endowment Funds ~ Budget Planning ~ Financial Statement Analysis
Footnote Disclosures ~ Operational Analytics ~ COSO Risk Assessment ~ Software Installations ~ Strategic Planning
Team Development & Leadership ~ Productivity & Performance Improvement ~ Organization & Communication
PROFESSIONAL EXPERIENCE
INTERNATIONALLY RENOWN CONSERVATORY 2011 to present
Performing Arts
Chief Financial Officer
Leveraged broad experience to enable re-financing of $12 million LA campus facility. Reviewed and recommendation for changes to 401(k) plan design and sponsor. Simplified accounting methods and chart of accounts under Great Plains to gain efficenciencies. Shortened reporting cycle from 45 to 30 days. Spearheaded $1.5 million evaluation, replacement, and financing of new telephone system, IT infrastructure, and major capital improvements. Provided accrual and cash budgets for $15 million in revenue. Led a team of 6 direct reports. Presented financial statements to Board of Trustees. Responsible for annual audit, risk assessment, costing studies, strategic planning. Review and implementing all insurance policies. Prepared Forms 990 and 5500.
Key Achievements
* Cost controls; Turnaround specialist
* Established credit collection policies and use of collection agencies.
* Saved $25,000 in telecom costs.
* Established 3 bid policy for all RFPs.
COUNCIL ON ACCREDITATION, New York, NY 2004 - 2010
International social service accreditation agency.
Chief Financial Officer
Leveraged broad competencies in financial management and operations to lead the strategic planning initiatives that supported organizational goals. Fully responsible for creating product line management profitability reporting as well as pricing/costing models for new products and services. Led a team of direct reports, including the Controller and staff accountants. Consistently analyzed KPIs, daily cash flow analyses, $7M working capital investments and endowment fund. Collaborated with COO and department directors to prepare annual budget. Provided monthly analysis of budget vs. actual performance, prepared financial statements, footnote disclosures and operational analytics for monthly review by CEO, Treasurer and Finance Committee and for semi-annual review by Audit Committee. Responsible for federal grant accounting, annual insurance evaluation and implementation direction, COSO risk assessment and costing studies.
Key Achievements
* Peformance, rolling, and zero-based budgeting techniques and instituted a $1M+ reduction in operating costs through department consolidation/elimination and program function outsourcing.
* Approved design and directed IT network overhaul. Implemented internal controls, created an accounting manual of procedures and implemented SOX compliance.
* Provided costing/pricing modeling and revenue management for $5.2M Department of Defense Contract, $2M Hague Adoption initiative as well as the After School start-up initiative and negotiated contracts resulting in $100K savings in annual operating costs.
LIGHTHOUSE INTERNATIONAL, New York, NY 2002 - 2004
International provider/distributor of medical, ophthalmologic, and optometric supplies for the visually impaired.
CFO/Director of Finance
Oversaw the creation of financial and budget templates and prepared monthly financial statements. Supervised Californian and New York staff. Consistently provided daily cash flow reports to CEO. Evaluated and analyzed budget vs. actual variances. Fully responsible for annual budget preparation. Conducted scenario modeling to restore profitability and presented financial results to Board of Trustees.
Key Achievements
* Installed Great Plains accounting software and established new segmented chart of accounts.
* Reduced operating costs by $750K through automated distribution/billing for $7M inventory product distribution.
JOHN POLSKY, CPA PAGE TWO
ARTHUR ANDERSEN, LLP, New York,NY
2000-2002
International audit/consulting firm.
Senior Manager
Prepared corporate, partnership, LLC, foreign and individual tax returns while leading and supervising a team of 10. Researched client accounting and tax compliance issues and recommended optimal entity structures and transactional planning techniques.
Key Achievements
* Proffered due diligence study equivalent to $1M consultation fee on Tyco purchase of CIT Financial focusing on efficacy of tax benefit valuations.
* Generated $250K through new client consultation.
PREVIOUS EXPERIENCE
ELECTRONIC DEVELOPMENT LABS, INC., Danville, VA
International manufacturer of temperature-measuring instrumentation.
Chief Financial Officer
* Supervised six person accounting department staff in A/P, A/R, closing and sales.
* Prepared monthly/annual consolidated financial statements, costing studies and cash flow projections.
* Reduced expenses by $280K by effecting strategic and successful location change from Long Island, New York to Danville, Virginia and improved internal controls through changes in workflow methodologies.
AVNET, INC., Great Neck, NY
International distributor of electronic components.
Director of Tax
* Evaluated and installed tax return systems for federal, state/local, and international entities, collaborated with law and accounting department on global distributorship acquisitions/divestitures tax issues and prepared monthly/quarterly/annual tax returns for federal/state/local income, property and sales tax.
* Supervised 13-person tax department, including 4 managers and 9 staff, directed monthly tax provision preparation for interim financial statements and designed tax models implemented as standard evaluation method for changes.
* Conserved $10M+ in taxes through preservation of net operating loss carry-overs and protected $15M of tax loss carry-overs through providing sound and strategic advice on foreign subsidiary acquisition.
* Saved corporation $1M annual federal taxes through creation of successful export tax vehicle and reduced taxes by $500K through tax research position contrary to IRS position and supported by Arthur Andersen.
EDUCATION AND PROFESSIONAL DEVELOPMENT
Bachelor of Science in Accounting, Fairleigh Dickinson University, Teaneck, New Jersey
Professional Certificates in Financial Planning & Software Development, New York University, New York, New York
NY State Society of CPAs - 40 Continuing Education Credits Annually
Professional Certificate - Certificate in C Programming, Columbia University, New York, New York
TECHNICAL SKILLS
Operating Systems: Windows 8/7 64-bit, Vista 64-bit, XP Pro-64/32-bit, UNIX, Linux
Applications/Tools: Accpac, Great Plains, FRx, Peachtree, QuickBooks, Excel, Word, Access, PowerPoint, Outlook, Visual Basic, Salesforce, Acrobat, Data extraction tools, Anti-Virus programs, Firewalls, Archiving, Imaging
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