C. RICHARD GARFIELD

www.linkedin.com/in/crichardgarfield

ac9gev@r.postjobfree.com

408-***-****

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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