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Manager Accounting

Westport, Connecticut, United States
January 29, 2018

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Rocco P. Chiappetta C.P.A.

** ****** *****

Norwalk, CT 06851

Cell: 203.***.**** Home: 203.***.****

Email: /


Over 30 years experience in financial reporting and accounting of privately owned companies. Comprehensive management, general accounting skills and project management. A Certified Public Accountant with Big 4 experience with particular expertise in:

General Ledger conversions.

Due diligence of potential acquisitions.

Opening balance sheet valuation and Goodwill calculation (Coordination with external Big 4 audit specializing in valuation of newly acquired entities).

Integration of newly acquired entity into the internal reporting infrastructure of parent company

Manage professional staffs and ensure timely delivery of financial documents to management.

Proficient with Microsoft Office Suite software packages.


Independent Contractor

Hearst Communications Inc. / Pro Circ. LLC 2015 – Present

(Consumer Magazine, Newspaper and Information Service Company and Outsourced Subscription

and Newsstand and Marketing Service Provider)

New York, NY

Consultant (reporting to the SVP of Finance)

Performed due diligence functions on several acquisitions.

Worked with Hearst Service Center to integrate and transition into Hearst reporting infrastructure.

Assisted the external accounting firm to complete the closing balance sheet as of 12/31/2015.

Assisted Ernst & Young to complete the valuation process and calculation of opening Goodwill balance.

Researched and reviewed applicability of new revenue recognition pronouncements (FASB ASC 606 and 805). Integrated principles into accounting policies of acquired companies.

Assisted in the completion of annual budget and current year’s forecast of revenues and expenses for the newly acquired division of Hearst Magazines (Pro Circ LLC) a company that provides outsourced circulation and marketing services to external 3rd party clients.

Consultant / Independent contractor /Project Management

(Clients includes Maxim Magazine and Hart Energy Publishing) 2008 – 2015

Completed several projects and job assignments on a per diem basis for several small businesses.

Worked for a Subscription agent in Westchester and upgraded accounting system and automated bank statement.

Prepared monthly Financial information for month end close report to headquarters.

Supervised staff members and ensured timely completion of month end and year end close.

Critical member of task force to convert General Ledger system from Oracle to Media Services Group (MSG). Worked with offshore IT group to load in history into new GL system. Trained staff.

Reviewed revenue and expense cycle work flows and recommend process efficiencies.

Drafted accounting policy and procedures for revenue and expense cycles to document internal controls prior to the year-end audit.

Rocco P Chiappetta C.P.A.

Metro Newspaper (Free Daily Newspaper) 2006-2008

New York NY

Senior Controller (Reported to the CFO)

Worked with operating groups to forecast balance of the year revenues and expenses

Assisted in the preparation of the annual Operating Budget.

Reviewed balance sheet account reconciliations and ensured timely resolution of outstanding items, while preparing financial reporting packages with narrative variance description for monthly close

Re-engineered finance group, hiring new Accounting, A/P and Credit Managers. Implemented and enhanced internal controls, policies and procedures to enable external auditors to complete a limited review of the financials.Worked with the new credit manager, implemented timely review of accounts receivable and reduced the Days Sales Outstanding by 10 days representing $2 million in cash receipts annually.

Hachette Filipacchi Media US (Consumer Magazine Publisher / The Legardare Group)

New York, NY

Senior Director, Circulation Services (reported to the SVP of Consumer Marketing) 2000 – 2006

Prepared revenue and expense budgets for 15 magazines generating $150MM in annual revenue and trade spend expenditures of $45M.

Monitored and re-forecasted balance of year expenditures and monthly variance analyses. Generated supplemental reports for tax and French reporting packages. Ensured compliance with French Securities Law (equivalent of US Sarbanes Oxley).

Director Circulation Services 1986 - 2000

Managed the Budgeting and Fulfillment areas and directed a 16-member professional staff.

Prepared Circulation revenue and expense budgets for 27 magazines.

Reported directly to the SVP of Consumer Marketing.

Director of Accounting 1983 - 1986

Promoted to direct operations and staff of 17 accountants to ensure timely and accurate recording of financial statements to meet corporate reporting requirements.

Participated in the due diligence review of Ziff-Davis acquisition. Teamed with external auditors

to develop opening balance sheet and related acquisition reserves.

Manager of Compliance & Control/Accounting Manager 1978 - 1982

Promoted to manage a professional staff of six accountants and review monthly account reconciliation for balance sheet accounts and journal entries for monthly financial close.

Performed compliance audits, created audit programs and manuals and conducted physical inventories.

KPMG (Formerly Peat, Marwick Mitchell & Co. Big Four CPA Firm) 1976 - 1978

Education, Certifications and Professional Associations:

Bachelor of Science in Accounting - Sacred Heart University, Fairfield, CT - Magna Cum Laude

Certified Public Accountant (Active) – State of Connecticut: American Institute of Certified Public Accountants Connecticut State Society of Certified Public Accountants

Member of Financial Executive Networking Group (The FENG since 2006)

Lee C. Williams Award – Awarded by the Fulfillment Management Association, 2004 recipient for outstanding contribution to the periodical publishing industry.

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