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Accounting Financial

Location:
Leland, North Carolina, United States
Posted:
March 21, 2019

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Resume:

Daniel C. Pitt

**** ********* *** • LELAND NORTH CAROLINA

910-***-**** • ac8uxb@r.postjobfree.com

Senior-Level Finance Director / Controller

Senior-level finance director / controller with 20+ years experience. Expertise in financial reporting, debt, consolidations, IPOs, mergers and acquisitions, and financial information systems. Proven ability to direct all aspects of corporate accounting and financial reporting. Demonstrated skill in developing and implementing processes and procedures, managing cash and lines-of-credit worldwide, and oversight of month- and year-end closing processes.

Expense Control • Financial Management • Forecasting • P&L Responsibility

Policy / Procedure Development • Process Improvement • Project Management

Regulation Compliance • Start-Up Operations • Systems Installation

Career Achievements

Reduced timeframe for process of closing general ledger, and implemented system enhancements.

Increased cash flow by careful monitoring of receivables and payable balances.

Coordinated factory accounting from overseas locations in China and the Philippines.

Functioned as leading member of team that completed $331.5 million IPO of Avis Group Holdings, Inc. and a $240 million secondary offering on the NYSE, which simultaneously included $190 million acquisition and $3.65 billion refinancing of its debt.

Engineered unique $5 million financing strategy through bartering agreement for start-up entity (Avis Lube) at a time when other financing alternatives were not available.

Coordinated reporting activities of legal and treasury areas with respect to issuance of public debt of over $5 billion.

Reduced staff 30% while workload increased 60% by utilizing talent pool from local colleges.

Managed transaction processing department charged with controlling and processing over $2 billion of cash and receivables from over 460 locations. Streamlined processes, resulting in staff reduction levels of 50%.

Professional Experience

Fownes Brothers and Company, Inc. New York, New York. 2004 – 2011.

Controller

Prepared certified financial statements for 10 consolidated companies, including 6 international locations in China and the Philippines.

Oversaw all general ledger processes, including A / R, A / P, debt, and financial analysis.

Managed cash and cash flow and all company lines of credit.

Analyzed all accounts, as necessary.

Maintained external audit and bank relationships.

Generated and analyzed the monthly general ledger and accompanying feeder systems off an AS400 platform.

Analyzed standard cost accounting variances.

Directed factor reconciliations and other non-factored accounts receivable and payable reconciliations.

Generated financial budget and forecasts.

Supervised staff of 8.

Selected Accomplishments

Reduced timeframe for process of closing general ledger.

Implemented general ledger system enhancements.

Built consolidation and reporting system in Microsoft Excel.

Increased cash flow by careful monitoring of receivables and payable balances.

Coordinated factory accounting from overseas locations in China and the Philippines.

Pudgies / Arthur Treachers Fish and Chips. New York, New York. 2002 – 2004.

Owner / Franchisor

Administered all day-to-day operations associated with running the franchise.

Oversaw human resources tasks.

Placed and created advertising.

Developed product pricing and promotions.

Cooked, cleaned, and set example for staff.

Selected Accomplishments

Kept company running during transitional period in market.

Coordinated efforts of fellow franchisees when franchisor failed to fulfill promotional responsibilities.

Avis Rent-A-Car System, Inc. New York, New York. 1978 – 2001.

Director of Consolidations and Financial Reporting / Assistant Controller

Consolidated and delivered financial reports for worldwide holdings, including Sec 10-k, 10-q, and 8-k.

Audited financial statements, and prepared statutory financial statements for insurance subsidiaries.

Implemented accounting policies and procedures worldwide.

Supervised all merger and acquisition accounting for all purchases of subsidiaries, as well as on 10 occasions for the company itself.

Oversaw insurance accounting for 3 captive insurance companies.

Completed special projects for senior management.

Selected Accomplishments

Functioned as leading member of team that completed $331.5 million IPO of Avis Group Holdings, Inc. and a $240 million secondary offering on the NYSE, which simultaneously included $190 million acquisition and $3.65 billion refinancing of its debt.

Engineered unique $5 million financing strategy through bartering agreement for start-up entity (Avis Lube) at a time when other financing alternatives were not available.

Coordinated reporting activities of legal and treasury areas with respect to issuance of public debt of over $5 billion.

Developed accounting policies and related procedures for company’s adoption of GAAP pronouncements, including accounting for: derivative financial instruments, cash flows, income taxes, pensions, foreign currency translation, and leases.

Reduced staff 30% while workload increased 60% by utilizing talent pool from local colleges.

Managed transaction processing department charged with controlling and processing over $2 billion of cash and receivables from over 460 locations. Streamlined processes, resulting in staff reduction levels of 50%.

Phillip Morris Companies, Inc. New York, New York.

Senior Accountant / Financial Reporting

Arthur Anderson and Company. New York, New York.

Staff Auditor

Education and Professional Licenses

M.B.A. in Finance. Long Island University. Brooklyn, New York.

B.B.A. in Accounting. Bernard Baruch College. New York, New York.

Notary Public. State of New York.

Technology Skills

MS Office: Word, Excel

Hyperion Consolidation • GEAC General Ledger Software • AS400 Based Accounting Systems

Chase Access Money Management Systems • HSBC, Net



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