FRANK ABBADESSA

***** *** **** *****, ************, TN 38017 Cell 901-***-**** ac9ag6@r.postjobfree.com

PROFESSIONAL STATEMENT

Motivated, versatile and well-respected finance executive with more than twenty years of experience directing financial operations and analyzing market potential. Proven expertise in developing systems to effectively integrate reporting, budgeting and strategic planning in order to optimize company value, maximize cash flow and minimize risk and cost. Participated and named as a key contributor in a patent for a new product launch.

KEY AREAS OF EXPERTISE

Cash Management

Financial reporting

Financial Analysis

Strategic Planning

Microsoft Word and Excel

Staff Development

Internal and external auditing

Financial Operations Management

Cross Functional Team Leadership

Data Base Accounting Systems (Sage)

Extremely Organized

Project Management

Budgeting and Forecasting

PROFESSIONAL EXPERIENCE

Contract Senior Cost Analyst (9/2018-3/2019)

PennAKem, Chelsea Ave., Memphis, TN

Perform cost analysis by product which is in the budget and actual by month and YTD to determine why profit is fluctuating. Three of the largest categories are selling price changes, volume shipped and production efficiencies.

Generate purchase price variances based on standard cost for the major chemical deliveries to the plant plus tracking freight invoices to be sure they are received.

Prepare and enter most month end journal entries into J D Edwards. Developed a system to ensure all entries are accounted for and completed.

Post labor from ADP to the various departments plus the month end labor accrual.

Became heavily involved with construction in progress projects before capitalization. Monitored all charges and reported any projects going over budget.

Reconciled fixed assets to the general ledger which had not been done for close to ten years. Because of the extensive adjustments made, I was involved in the year end audit.

Controller and Marketing Manager (2002-2018)

American Stairways, Inc., 3807 Lamar Ave., Memphis, TN

An 86,000 square foot manufacturing facility producing premium attic stairs, hot water heater pans and metal filter frames employing 120+ employees.

Supervised 5 person accounting team comprising of A/R, A/P, Payroll and general accounting.

Directed 2 customer service employees and 5 outside sales reps.

Timely and accurate preparation of financial statements.

Interaction with insurance companies for business insurance, employee benefits and workmen’s comp.

Filing of any payroll or company taxes to the state and/or federal government.

Ensures that all accounting activity complies with GAAP.

Monitoring of cash flow daily in combination with A/R and A/P.

Supports management with special projects and analysis.

Prepared forecasts and budgets for the year with quarterly updates. Forecasts were based on sales input by product mix and budgets were based on cooperation from department managers plus historical knowledge.

Interacts with external accounting support for audits and tax preparation.

Maintain bank relationships for credit cards, loans and various activities to prevent fraudulent charges.

Implementation of accounting software to include creation of a new chart of accounts, general ledger, payroll, accounts payable, accounts receivable interface and sales order entry and invoicing.

Responsible for all office systems, equipment and IT support.

Assisting in customer service and support calls.

Interaction and travel with sales representatives.

Attending conferences and trade shows.

President and Sales Manager (2000-2002)

American Drilbox, American Division of German Company, Caruthersville, MO

100,000 square foot facility producing metal drill boxes with an automated powder coating line.

Drafted to transform the ISO 9002 company into a profitable entity. This happened in 2001 which was the first time in 22 years.

Reduced inventory by 25% to improve cash flow.

Reduced business insurance by 12%.

Streamlined the work flow and instituted a 4 day week 10 hours a day.

Introduced contract work to absorb capacity.

Supported trade shows in the US and Germany.

Plant Manager (1998-2000)

Cambridgeport Air System, Memphis Division, Memphis, TN

36,000 square foot sheet metal fabricator for roof top HVAC systems.

Plant Controller /Manager (1993-1998)

Marion Ceramics, Inc., PO Box 1134, Marion, SC, 29571

Brick paver producer unique for its ability to produce a range of different colors and thicknesses.

EDUCATION

MBA from New Hampshire College, Manchester, NH

BSBA from Husson College, Bangor, ME

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