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Financial Management

Location:
Palos Hills, Illinois, United States
Posted:
August 16, 2018

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Resume:

FRANK J. VRKLJAN, CPA

***** *********** ***** *********: 708-***-****

Palos Hills, Illinois 60465 Email: ac6o2x@r.postjobfree.com

EXECUTIVE SUMMARY

Dynamic management career with noteworthy contributions to organization revitalization, process improvement, staff management, cost reduction and revenue growth for best-in-class organizations. Combines solid strategic planning, financial analysis and staff leadership skills with outstanding fiscal management qualifications. In-depth expertise across all core business functions and operations, from general accounting to human resources and information systems. Core competencies include:

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Budget Development & Analysis

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Profit & Loss Operations/Financial Management

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Contract Negotiations & Development

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Corporate Finance & Asset Management

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Strategic Planning & Policy Direction

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Reconciliations, Financial Controls & Auditing

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Financial Reviews & Projections

Microsoft Office

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QuickBooks

Great Plains Accounting Software

PROFESSIONAL EXPERIENCE

B & E ACCOUNTING SERVICES

Special Projects, Consulting, Taxes

H & R Block

December 2014 to 2015

Prepared Tax returns

WORLD FINANCIAL GROUP October 2011 to Present

Consulting Projects, Financial Planning, Tax preparations

Worked with a food processor, reconciled their financial accounts after CFO abruptly left the company and converted the accounting system to Great Plains Dynamics.

Prepared 5 year financial plan for a startup company in retail (Creative Games) for a line of credit.

Prepared Cash Flow analysis to determine the reason for lack of cash. Inventory turns were less than one. Analyzed slow moving items and reduced inventory to manageable levels by reducing different sku’s and establishing new inventory control procedures.

C D PEACOCK

Controller/CFO (January1998-October 2011)

Senior finance executive with full accountability for all corporate financial affairs, including fiscal performance, operations, marketing, supply chain and human resources. Core member of the executive management team during acquisition and elevation from bankruptcy of this high-end jewelry and watch retailer in business since 1837. Provided leadership and direction for 45 multi-functional employees via 11 direct reports. Reported directly to the owner regarding all business affairs while managing a variable operating and capital budget.

Controlled all cash management functions, including development of open-to-buy budgets which maximized buyer efficiency while conserving cash.

Developed and launched new locations, analyzed business expenses, re-negotiated leases and implemented cost reductions to ensure maximum revenue, profit margins and return on investment.

Built a team of multi-lingual sales consultants and negotiated billboard and newspaper marketing in different ethnic regions to gain a competitive advantage with non-English speaking consumers.

Coordinated the implementation of Great Plains software. This included the integration of POS software (ASC), tracking of inventory, using Great Plains report writer (FRX) for management financial reports.

Negotiated contracts for retail site leases and general contractors for store construction; also negotiated print and other media advertising agreements.

Executed special financial projects, prepared operations reports, analyzed inventory pricing and margins, and investigated financial discrepancies.

In charge of Human Resource, Telecommunications, insurance and other office administrations.

Highlights:

Achieved more than $8 million in new sales revenues by creating financial models/forecasts and expanding market presence via two new locations on Michigan Avenue in Downtown Chicago.

Reduced annual payroll costs $150,000 by analyzing peak business hours, adjusting shift schedules and hiring part-time staff, thus eliminating overtime hours.

Increased revenues by $600,000 by opening up an in-house watch repair department, adding another revenue stream while increasing traffic within the store.

Transformed a potential long-term cost increase due to expiring leases into a favorable solution by leveraging market and demographic analyses to negotiate $250,000 in new lease savings.

Implemented vendor co-ops, advertisement bartering, vendor discounts and Amex bill-paying (to earn

business rewards), resulting in 19% lower advertising costs and 20% lower SG&A expenses.

Developed and implemented a six-month action plan that reduced occupation expenses 35% at a new location

via resource consolidation and operational efficiencies.

Controller (November1992-January1998)

Supervised the accounts receivable, payroll and sales tax functions; provided analysis and support for capital and special projects; and handled all aspects of cash management, including bank negotiations, forecasting and budgeting. Directed a team of seven direct reports and three indirect reports.

Closely involved in all inventory purchasing, adjustments and reconciliations, along with the development of financial statements and operating and capital budgets.

Partnered with external auditors to coordinate financial audits and handled all preparation for internal audits.

Highlights:

Achieved less than 1% shrink by participating in conversion from a DOS-based POS system to

a Windows-based system, improving accuracy of inventory control and speed of transactions.

TRIANGLE MOBILE ELECTRONICS 1991 to 1992

Controller

Performed cash management functions. Partnered with the owner/CEO to review trends and cash positions. Restructured the total financial reporting package.

Highlights:

Increased collections 40% and increased cash flow by implementing a 30-day plan to analyze processes and systems, develop financial strategy and create a new business unit.

Created, staffed and opened a new division, separate from retail operations. The new department improved efficiency and created new revenue streams for retail stores via telecommunications solutions across multiple states.

GLYNWED USA INC. 1987 to 1991

Controller

Provided leadership and direction for a team of 10 professional accounting staff (with 25 indirect reports) to facilitate annual business forecasting and budgeting for all U.S. subsidiaries (manufacturing and distribution). Scope of responsibility included budgets, variances, accruals, audits, journal entries and regulatory compliance for all accounting operations. Also, included audits of procedures, policies and financial data at subsidiaries locations.

Prepared monthly financial statements and year-end closings, and supervised the preparation of payroll, bank reconciliations, insurance and pensions.

Drove continuous improvement in all accounts receivable, credit, billing, ad hoc reporting/analysis and collection/reconciliation of subsidiaries’ accounts to successfully reverse negative trends.

Provided Reporting Package to British Parent.

Audit and reviewed subsidiaries policies, procedures, and financial data at their locations.

Discovered embezzlement of $850,000 at a New Jersey subsidiary, then was placed in charge and improved operations from a negative position to breakeven before selling the company.

Public Accounting

PHILIP ROSENSTROCK & COMPANY WOLF & COMPANY

EDUCATION

UNIVERSITY OF ILLINOIS AT CHICAGO

B.S. Accounting

DUKE UNIVERSITY

Cash Management Studies

AFFILIATIONS

AICPA (American Institute of Certified Public Accountants) ICPA Society (Illinois Certified Public Accountants)

CPA & Business Professional Group

Retail Network in Chicago

Retail Industry Professionals



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