Accounting Service

Chief Financial Officer / Controller / Director of Finance

I am well motivated, when you need me to step up to the plate, I am there, and I am always ready; and willing to learn new skills. My greatest strengths are Cash-Flow improvement, Revenue Growth, Reduce Cost & Expenses, and Increase Profitability.

QUALIFICATION

Sixteen years of experiences as an Accountant, Controller, Chief Financial Officer, and a Business Owner in the industries of Manufacturing, Production, Restaurant, & Healthcare Service.

Solid educational background backed by a Master’s Degree in Accounting & Management and pursuing for a CPA License.

Directly managed and developed up to 13 employees in the departments of Accounts Payable, Accounts receivable, Human Resource/Payroll, Accounting, & Finance.

Prepared and managed Budget, Forecast, Projection, Cash-flow, P&L, Balance Sheets, and financial reports for the companies ranging from $3.8 million to $500 million.

KEY AREAS OF EXPERTIES

GAAP

Government Compliance

Internal Control

Budget & Forecast

Financial Report

Audit & Taxes

Risk-Management

Cost Control & Reduction

Cash-flow Improvements

Inventory Management

P&L & Balance Sheets

Month-End-Closings

ERP System Management

Profitability/Cost Analysis

Expansion Strategies

Strategic Planning

Organizational Leadership

Corporate & Investment

WORK EXPERIENCE

PRESIDENT & OWNER

Temptation Lounge & Grille (12/2014 – 03/2018)

$500K Indian & American fusion restaurant & bar. Executed the financial strategy of the company. Managed financial controls and accounting procedures. Strategically planned on how to increase revenue and reduce costs. Effectively and clearly pointed out potential risks in a timely manner. Maintained speed/accuracy of billings & customer’s payments. Coordinated and produced all tax documentation as required by GAAP, as well as; federal, state & local government.

Three years in a row beat the expectation of P&L’s accuracy and variances by 100%.

Implemented policies and procedures to maintain portion, waste, food cost, and overhead cost; as a result; profit margin increased by 30% within the first 2 years.

Prepared a business plan growth by market/product expansion, and diversification; as a result, there was a 500% revenue expansion within the first 2 years.

CHIEF FINANCIAL OFFICER

My Mother's Delicacies, Inc. (12/2012 – 08/2014)

$8 million gourmet pastry manufacturer. Saved the company from bankruptcy and operated with very minimum cash on hand by collaborating with all the departments and a weekly cash flow projection. Worked as an adviser to the President, COO, and Board members to protect the business from excessive exuberance and risk, Improved operation’s efficiency, standardization, quality, and agility. Worked devotedly to improve cashflow, COG, revenues, overhead cost, and profitability.

Negotiated a price increase agreement with the $129 billion company (COSTCO), as a result; profit increased by $200K.

Secured a $1.5 million line of credit and saved the company $40K on fees.

Restructured company's equipment debt and expanded monthly cash-flow by $28K.

Implemented a SAGE ERP system within the first month of employment.

Maximized the profit margin by establishing financial policies, procedures, controls and reporting systems, as a result; the company turned back from -3% net profit to 9% within 18 months of my employment.

CORPORATE CONTROLLER

ImageFIRST Healthcare Laundry Service (07/2007 – 11/2012)

$500 million fastest growing linen rental & laundry service. Reported directly to company’s CFO and the president. Supervised and developed a staff of 13, established performance standards and expectations for staff, reviewed work assignments both in-progress and when completed. Participated in financial strategic planning, prepared budget and forecasts, handled owner’s capital equities accounts, reviewed of budgets vs. actual to ensure accuracy. Developed internal control system, recommended areas for improvement both financial and operational, and established new accounting policies and procedures. Used financial know-how to improve profits and operations, reduced costs, and developed strategies for the company.

Strategically planned with CFO, President & CEO to expand the business; as a result, revenue expanded by 400% and added $25 million in the profit margin during my control.

Introduced a new COD & online sales discount program resulted 35% increment in cash sales.

Negotiated with vendor concerning terms & prices resulted in $3 million annual saving.

Managed $500 million budget, forecast and financial statements for 10 different subdivision and achieved to keep the variances, accuracy and beat the expectation.

CORPORATE ACCOUNTANT

ImageFIRST Healthcare Laundry Service (05/2005 – 07/2007)

$100 million linen laundry service. Reported to the CFO and President. Handled all accounting and tax matters, including AP, AR, fixed assets, credit, GL, payroll, loans, payroll tax, business tax, property tax; accountable for cash flow; close books and prepare financial reports for monthly/yearly.

Managed multi state payroll for over 700 employees, saved 25% of the Payroll expenses by outsourcing to ADP.

Improved in collection process from 60 to 25 days, & increased cash-flow by $6 million.

Recovered a $400,000 over charged taxes by major vendors in the state of FL, GA, & NC.

Reduced overtime expenses of $8 million by analyzing weekly budget matrix, identifying and resolving budget-to-actual discrepancies.

PLANT ACCOUNTANT

American Food service Corp. (08/2003 – 05/2005)

$300 million privately held beef patties and ground beef producer. Reported to controller and operation manager. Prepared and analyzed month end closing, production cost, labor cost, raw materials cost, freight cost, hourly production rate or cost, and overhead cost. Accumulated and applied overhead costs as required by generally accepted accounting principles (GAAP).

Directed and implemented a major inventory system (MP2), trained employees to stock reports, and inventory adjustment. Which eliminated inventory loss by 90%.

Analyzed daily reports of production, raw materials, and labor costs which resulted in increasing production capacity, efficiency, and reducing the labor cost of $4 million.

Coordinated with operating divisions & maintained month end closing dead line; and reduced closing from 14-7 days.

STAFF ACCOUNTANT

American Food Service Corp. (06/2002 – 08/2003)

$260 million privately held beef patties and ground beef producer. Prepared and reviewed general ledger coding, journal entry, and bank reconciliations. Investigated cycle counting variances and resolved issues. Helped internal and external auditor to prevent any discrepancies in the company.

Processed weekly accounts payable checks over $2 million with accuracy.

Developed new policies/procedures for vendors, receiving, & purchasing department and reduced discrepancies by 99% and improved overall AP process by 100%.

Improved collection process from 60 to 15 days, accelerated invoicing/cash application process, and added $400,000 to the cash-flow.

EDUCATION

Master of Science in Accounting & Management.

Walden University

08/2002 – 05/2004

Bachelor of Science in Accounting.

Pennsylvania State University

09/1998 – 05/2002

SOFTWARE & APPLICATION

ERP SOFTWARE-SAGE 50 Cloud * SAP Business One * Oracle PeopleSoft * Microsoft Dynamics

ACCOUNTING- Quick Books

INVENTORY- TRACS & MP2

HUMAN RESOURCE- Workforce Management

PAYROLL- ADP / HR360

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