IVAN DRUSC
**** ***** ***** **** 561-***-****
Boca Raton, FL 33433 ******@*****.***
EXPERIENCE
East Coast Mechanical Inc, Boynton Beach, FL - $50M Revenue, Residential Services October 2017 – May 2018
Chief Financial Officer
Seasoned company offering A/C equipment and home warranty contracts, servicing four counties
Focused to identify and evaluate operational and business issues that impact financial performance and provided owner with actionable information
Preparation of detailed annual budget in Excel with flexibility of input in mind for modeling (ground up)
Redesigned key departmental policies to assure compliance with GAAP and Florida state regulators
Guided other departmental heads to align with new company strategy
Streamlining of monthly variance reporting and other daily reporting tasks (significant time savings and accuracy improvement)
Provided high-quality analytics and valuable variance commentary on actual and forecasted financials
One Parking LLC, West Palm Beach, FL - $50M Revenue, Asset Management September 2016 – September 2017
Controller (Change in ownership)
Well established organization that manages/leases parking garages/lots. Reporting directly to owner/CEO.
Twelve direct reports; Four Managers-Treasury/Payroll/Benefits/Marketing, Six A/R Specialists, Administrative Assistant, and A/P specialist. My duties include training/mentoring/annual evaluations.
Responsible for full month end close process for revenues for 55+ locations in 2 business days
Review the monthly financial results for accuracy and present them to the owners
Reforecasting all partnerships’ profit and loss statements monthly and report on trends
Renegotiated new terms/vendors to increase productivity and reduce cost
Audited companywide paid time off policy and adjusted balances to save $120K of payroll expense.
Implemented the use of web based tool to keep track of new location set up checklist in order to eliminate errors
IT Billion USA, LLC, Miami Lakes, FL - $6M Revenue, Automated Payment Systems October 2015 – August 2016
Financial Controller (Funding issues)
Finance leader reporting directly to CEO, in a startup organization that manufactures automated payment terminals as well as internally develops the processing software
Three direct reports; staff accountant, A/R specialist, and A/P specialist, including training/mentoring/annual evaluations
Responsible for full month end close process in 5 business days
Presenting the monthly financial results to the board and functional leaders
Maintained good banking relationship by implementing daily cash projections on numerous bank accounts with three banks to eliminate overdraft fees
Maintaining QuickBooks Online ERP’s chart of accounts as well as reporting structure in accordance with the GAAP
Reduced the 2015 P&L by 8% by identifying duplicate bookings of expenses
Preparation of annual budget including creation of cost centers/departments to allow for more precise tracking of variances
Instrumental in potential investor relations including modeling of long term performance
Mitigated business risk by adjusting the payroll frequency and health benefits policies
Reviewed all loan agreements and identified deficiencies in legal documentation
Monthly issuance of consolidated financials including Russia’s entity
Providing financial guidance to the operations team when preparing bids for new contracts
Responsible for all cash out flows including signing of checks, ACHs and wire transfers
Stryker Corp. / MAKO Surgical Corp., Ft. Lauderdale, FL - $10B Revenue, Healthcare July 2013-October 2015
Manager, Finance (Laid off)
Finance leader for organization with $110M annual revenues (MAKO manufacturing subdivision)
Responsible for full month end close process including high level variance analysis in one day
Presenting the monthly financial results to North America’s finance and operations leaders
Monthly projections of all accounts as well as weekly projections of COGS, inventory level and expenses
Four direct reports, senior analyst, cost accountant (temp), junior accountant (temp), and accounts payable specialist, including training/mentoring/evaluations
Responsible for setting and maintaining all aspects of standard cost for 4,000+ products/parts
Preparation of annual budget including calculations of intercompany transfers and allocations
Instrumental in integrating Mako Surgical Corp. acquisition to comply with Stryker’s policies and procedures
Responsible for inventory related balance sheet supporting schedule submitted as part of SEC 10-Q/K (Part IV – 15 (a)(2))
Answered high-priority, highly analytical strategic questions to drive better understanding of business performance and opportunity
Preparation of detailed financial analysis of all aspects for manufacturing costs, inventory valuation and tracking using Excel Monthly preparation of margin analysis per product line and territory including detail for ASP, material COGS, OH and PPV
Providing financial guidance to the product management team on costs of new and existing products and raw materials
Perpetual monitoring of all cost of revenue accounts including material costs, purchase price variances, production variances and scrap
Performing the monthly closing of inventory modules in ERP including the related journal entries
Created system to track direct and indirect labor efficiency and utilization and reported these monthly to the management
Identified excess inventory at hospitals based on historical usage and reported the findings to logistics department
Reporting of monthly and annual inventory turns and days in inventory metrics per product line
Florida Peninsula Insurance Company, Boca Raton, FL - $300M Revenue – Casualty Insurance May 2012- July 2013
Senior Accountant (No room for growth)
Performed monthly investment portfolio’s analysis as well as report to the investment committee and management
Overseeing staff of six, assign duties and mentor/train as needed
Assisted in transition to new ERP software including taking on some of the consultant’s duties and saving 55% of transition costs
Successfully implemented real time reporting for various levels of detail and types of reports (BizNet Software) which doesn’t require running of any reports and makes it desirable by the management
Designed and maintain daily cash reporting workbook in Excel that automatically generates data for general ledger software upload which ultimately minimized errors and saved one hour a day
Responsible for $250M investment portfolio’s monthly activity entries
Created proforma Balance Sheet and Profit and Loss Statement for Property Insurance Company
Responsible for review, assembly, and issuance of departmental presentations for quarterly management meetings
Designed and implemented a system that guards company’s compliance with Florida Insurance Companies’ laws and regulations
Designed a RBS (Risk Based Capital) calculation template for the management
Coverall of North America, Boca Raton, FL - $240M Revenue – Commercial Cleaning October 2010-May 2012
Divisional Accountant (No room for growth)
Maintained inventory system in Excel for 31 regions including inventory reconciliation and adjusting journal entries on monthly basis
Reduced the preparation time of monthly inventory workbooks by 70% by implementing macros
Performed analytical review of the P&L and prepared a commentary explaining variance to budget
Reconciled intercompany accounts and ensured proper elimination of intercompany accounts in consolidation on a monthly basis
Responsible for preparation and issuance of monthly financial reports for 31 regions by using three software applications
Streamlined preliminary journal entries preparation and entry by creating automatic upload into Microsoft Dynamics
Redesigned parts of monthly review process and numerous tax reporting schedules in order to increase the accuracy of and reduce cost
Responsible for monthly close including but not limited to preparing journal entries and maintaining the General Ledger and related supporting schedules
Tarragon Corporation, Ft. Lauderdale, FL - $50M Revenue – Real Estate Mgmt & Development February 2010 –October 2010
Accounting Manager (Chapter 11 Bankruptcy)
Maintained reporting and critical payment calendars to assure timely delivery of financials and avoid late fees on payments
Responsible for preparation and issuance of monthly corporate consolidated financial reports of publicly traded company in compliance with GAAP (including tax provision and ledgers/books of various entities/divisions)
Prepared and entered monthly journal entries and maintained detailed balance sheet schedules for consolidated corporate entity
Direct report of five employees, including training/mentoring/evaluations
Pinnacle, AMS Maitland, FL - $60M Revenue – 3rd Party Property Management (Res & Com) Jun 2007 –Oct 2009
Client Reporting Analyst (Relocated to South Florida)
Developed and implemented new procedures and systems to increase efficiency
Responsible for cash management and preparing of monthly financial reports for 10 properties (commercial, residential, and affordable housing)
Analyzed and reviewed monthly and yearly financials (trial balance, budget comparison) and worked closely with property managers on correcting the variances
EDUCATION
University of Akron Akron, OH December 2006
Bachelor of Science, Accounting
COMPUTER SKILLS/SOFTWARE
Microsoft Office Suite – (Excel - very strong, including macros, pivot tables, advanced formulas, Visual Basic implementation, charts, conditional formatting, security measures, mentoring/education)
ERP: Sage90/Mas200, Oracle 10.1, Expandable, QuickBooks Online/Enterprise, Sungard/iWorks, JD Edwards/Oracle 9.1, Microsoft Dynamics (Great Plains), Yardi Voyager 5.0/6.0/Commercial, Certiflex
Reporting Software: IBM Cognos / OneSource, Hyperion Enterprise / HFM, FRx/Epicor, Oracle Hyperion Smartview, BizNet, Crystal Reports (creation of new reports)