Financial Analyst Manager
Resume:
C. RICHARD GARFIELD
www.linkedin.com/in/crichardgarfield
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SENIOR FINANCIAL/COST ANALYST
Top-producing professional with exceptional knowledge and skills in Financial Analysis, Cost Accounting and General Accounting. Experienced in:
Financial Statements
Budgets & Forecasts
Variance Analysis
Cost Models, Cost Mgmt, Cost Controls
Process Development
Fixed Assets
Compliance, Testing & Controls
Gross Margin Analysis
Inventory Audit and Tracking
Revenue Recognition
Strategic Planning and Control
License and Royalties
Risk Assessment
Project Management
Warranty and E&O Creation and Analysis
Policy Creation and Implementation
PROFESSIONAL EXPERIENCE
Cost Accounting Manager/Financial Analyst 2017 to 2019: PSI Water Technologies Inc, Campbell, CA
Managed product standard costing and initial set up, inventory control, inventory reconciliation, WIP, physical inventory, cycle count & analysis, excess & obsolete inventory & analysis, warranty & analysis, manufacturing job close, demo and trailer inventory control & analysis, capital equipment. Adding new analysis and reports.
Took inventory from unreconciled to reconciled, Audited (clean) and located $400k for company in material reconciliations.
For PSI’s largest customer (San Jose Water) did : monthly review, order setup and entry, program analysis, billing, invoicing, and collections.
Maintained and controlled PSI’s projects through GP projects module. Revenue recognition
Worked with Service unit, did invoicing, sales order review, and customer relations.
Tax prep, review, submission for division.
Prepared information for outside auditors
Cost Accounting Manager/Sr. Financial Analyst 2012 to 2017: Garfield Financial Consulting, San José, CA
Client: Revance Therapeutics, Newark, CA
Produced and maintained Budgets and Forecasts
Monthly review of Budget/Forecast to actual expenses
PO review and approval
Clinical trial review and analysis monthly
Cash Flow analysis
Client: Align Technology Inc. (makers of Invisalign), San José, CA
Managed month-end, 3-day close
Developed RMA process and inventory tracking, saving $180,000 per quarter
Realigned production processing, saving steps and paperwork
Managed team in multiple countries for production, supplies and shipping
Client: Optimedica Corp., Sunnyvale, CA
Warranty reserves and analysis creation
Excess and obsolete systems creation
Uncovered and corrected cost system errors allowing a $750,000 accrual relief for company
Product BOM corrected for cost and rolled
Managed Physical Inventory with 0.09% variance
Uncovered and corrected cost, process and BOM errors
Client: Avinger Inc., Redwood City, CA
Reconciled and corrected sales order billings
saving the company $100,000
Audited and verified Finished Goods
Created process and verification of WIP
Inventory physical audit and reconciliation
Audited and verified Fixed Assets
Senior Finance/Cost Analyst 2010 to 2012: Affymetrix Inc., Santa Clara, CA
Budget and Forecast for worldwide Facilities, Safety, QA, Global Transportation, Field Service, Pro services, Reagent Rentals, Royalties and Scientific genotyping lab services
Created and maintained monthly P&L and expense analysis reports for review with worldwide VP Field Service
Developed and established P&L and variable cost analysis for genotyping lab research services
Maintained Reagent Rental and Sales Demo tracking, cost, amortization, sales, and profitably.
Financial analysis and responsibility for Mask Design Group
Prepared information for outside auditors
Senior Cost Analyst 2009 to 2010: Garfield Financial Consulting, San José, CA
Client: NDS – National Display Systems, San José, CA
Wrote policy, procedures and reporting methodologies for Physical Inventory Control, Warranty, Excess and Obsolete Analysis, Overhead application
Developed and managed all aspects of physical inventories and cycle count results
Took physical inventory from 14 days to 3 days
Analyzed and presented all monthly manufacturing and material variances
Evaluated reserves for excess and obsolete inventories and for warranty reserves
Liaison to Operations; assisted with special analyses and financial budget and forecast support
Prepared all inventory journal entries and reconciled monthly inventory and cost-of-sales accounts
Organized and lead the inventory month-end close process
Cost, Budget and Finance Accounting Analyst 2006 to 2009: Zonare Medical Systems, Mountain View, CA
Established policies, procedures and methodologies for Excess and Obsolete Analysis, Inventory control, Warranty and Overhead application
Helped to take company from $10 million to $50 million in two years
Controlled: Fixed Assets, Standard Costs, Gross Margins, Warranty, E&O, Budgets & Forecasts, P&L, Taxes and Reporting
Revenue recognition and analysis
Maintained BOM for costs, accuracy and content
Quarterly / Yearly Budgets and Forecasts company-wide
Helped set up MRP system and system conversion to standard costs
Reviewed costs for labor, material and overhead; established cost models and updated standard costs for all products
Ensured costs were current, complete and accurately reflected manufacturing costs, monitored and analyzed trends
Senior Cost Analyst 1999 to 2006: Applera Biosystems, Foster City, CA (previously Applied Biosystems)
Managed product costing, inventory control, Excess and Obsolete, Overhead analysis and Warranties
Helped to take corporation from $28 million to $1.9 billion in three years
Prepared financial statements and management package each month
SOX implementation
Established excess and obsolete inventory reserves and analysis
Tracked worldwide inventory management and assembly
IT SYSTEMS AND SOFTWARE
IT Systems: Oracle, SAP, SAP Business One, Great Plains, AX, QAD, Hyperion, Business Objects, FRX, Diver,
Data Warehouse, Contributor, Cognos, Service Source, Crossfire, Quickbooks, SOFA, FAS
Software: Excel (expert level), Word, PowerPoint, Access, Adobe Acrobat, et al.
EDUCATION
C.P.A. Certified Public Accountant currently in process, University of California
B.B.A. Bachelor of Business Administration with an emphasis in Management, Accounting and Finance,
University of Massachusetts at Amherst, Isenberg School of Management, Amherst, Massachusetts
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