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Financial Accounting

Location:
Troy, Michigan, 48085, United States
Posted:
April 15, 2018

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Resume:

PAUL J. BORKOSH

Troy, MI ***** 248-***-**** ac45ai@r.postjobfree.com

https://www.linkedin.com/pub/paul-borkosh/a/a08/4ba

CAREER

Vice President of Finance with extensive experience within the Chemical & Automotive manufacturing, and services industries. Extensive experience in establishing, strengthening and leading a corporate finance and accounting organization. Member of the executive team, focusing on strategies and decision making, pursuant to adding value not only the bottom line, but also to the long-term worth and values of the organization. Key strengths include:

Accounting and Financial reporting according to GAAP Standards

Financial Analysis

Strong and Effective Contract Negotiation Strategies

Automotive and consumer products manufacturing

Cost Control, Reduction & Avoidance

Strategic & Tactical Planning & Execution

Banking Relationship Management

Risk Management

Rolling Forecast Development

Effective Communication Skills

Strong Analytical Skills

Financial Budgeting & Forecasting and Variance Analysis

Excellent Knowledge of IT Systems and Procedures

Employee Benefits & 401K Program

Developing Internal Controls and Accounting Procedures

Capital Budget Development and Control

Financial Systems Development & Implementation

Business Process Re-engineering

Mergers, Acquisitions & Divestitures Integration

Cash Management and Quarterly Cash Forecasting

Leadership Development & Mentoring

Strategic Partnerships & Alliances

Relationship & Team Building

Excellent knowledge of Accounting Information System

Analysis of Financial Impact of Current and Future Operations

Assets Management and Controls

Relevant Experience

Diversified Chemical Technologies, Inc. Detroit, MI 1989 – 2017

Vice President Finance 2010 – 2017

Responsible for directing all of the company’s financial operations and Internal Controls of approximately $100MM, including accounting with accordance to GAAP, Consolidation of all entities financial statements and roll up to a holding entity, Maintaining the corporation banking relation, employee benefits & 401K, Risk Management Insurance, IT, Payroll, Human Resources, and tax and audit functions.

Lead the financial preparation, audits, and implementation of the divestiture of two divisions with a combined annual sales revenue of $36MM.

Negotiated with the insurance company to settle a $10MM claim, including managing the additional financial audits and accounting practices during the process.

Lead the selection, adoption, and implementation of two financial institution relationships, including negotiation of lines of credit and terms. Worked with legal counsel to draft and review and negotiate the financial contracts.

Selected and managed the employee benefit programs with various insurance agents while providing reduced benefit costs at reasonable rates. Furthermore worked with Risk Management insurance agents to insure the corporation with General Liability, Property & Casualty, Workmen’s Compensation, and Auto & Umbrella insurances.

Lead the development of financial models and participated in the strategic business planning for the corporation and its four subsidiaries.

Implemented, Managed and Consolidated the Corporate Budget and Forecast for all eight divisions of Diversified Chemical Technologies, Inc.

Negotiated and implemented all capital expenditure and third party contracts with a total spend of $2.5MM annually, including establishing appropriate lines of credit to support the capital expenditures.

Developed financial strategies and analyses in support of the company’s overall strategic initiatives and operational objectives.

Collaborated with all the divisions and practice groups, and industry leaders to develop and implement operational and financial programs designed to enhance profitability.

Managed and performed all financial reviews of Alliances and Divestitures.

Director of Financial Reporting and Planning 2005 - 2010

Directing all of the financial functions of the corporation.

Headed the financial team in the successful integration of new businesses including, due diligence, negotiation, execution of transactions, and the institution of a consolidated financial reporting system.

Maintained $14MM banking relationship, including the management/analysis of asset based revolving lines of credit, equipment loans, and mortgages.

Developed Financial Models and participated in Strategic Business Planning for the Development, Implementation and Operation of $137MM manufacturer of industrial chemicals manufacturing, packaging adhesive manufacturing & retail office supplies.

Ensure that the financial reporting processes are in accordance with GAAP and the Company’s Financial Procedures.

Corporate Controller 2000 – 2005

Responsible for all of the Accounting/Finance departments, in addition IT, P/R & HR functions.

Installed working capital management policies and cash flow procedures to effectively manage $43MM balance sheet, cash, inventory, accounts receivable and accounts payable position.

Prepare and review monthly, quarterly, and annual financial statements for accuracy for all of Diversified Chemical Technologies Inc. subsidiaries and prepare a monthly, quarterly and year-end consolidated Financial Statement.

Participated in creation and conversion of the employee profit sharing and 401K Plans, including the selection of the 401K service provider.

Designed and implemented departmental budgeting, forecasting, internal controls and financial reporting and tracking systems to facilitate and support 7.5% revenue growth.

Worked with external CPA firms for year-end audit and preparation of corporate tax returns.

Completed installation of computerized accounting system.

Assistant Controller - Diversified Chemical Technologies, Inc. Detroit, MI 1995 - 2000

Senior Accountant - Diversified Chemical Technologies, Inc. Detroit, MI 1989 - 1995

Staff Accountant - N. SAMONA, CPA PC at Southfield, MI 1986 - 1989

FORMAL EDUCATION, AFFILIATIONS & OTHER SKILLS

Master of Science - Finance, Walsh College at Troy, MI 1998

Bachelor of Arts - Business and Accounting, Lawrence Technological University, Southfield, MI 1989

Certificate of completion - Rolling Forecasts and Internal Auditor Quality Control classes

Security Clearance (CAT. 2) - the United States government 2006 – 2009

Member of Michigan Manufacturing Association – Detroit, MI Chapter 2003 - Present

Fluent in Arabic and French



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