Cost Accounting

Rafael N. Ortega

*** **** **** **., ******, FL, 33570 Tel. 813-***-****

Email: ************@*****.***

Career Summary

My strengths are in the areas of Cost Accounting, Budgets, and Financial Analysis. After several years in the role of Cost Manager with Pepperidge Farms Inc. and Breed Technologies Inc., and later as a Supervisor of Logistics Finance with Tropicana Products Inc., I have become very skilled at managing and analyzing costs throughout the entire manufacturing process. More recently as a Sr. Cost Accountant at Coca-Cola Refreshments Inc., I further developed my skills in the areas of inventory controls, budgets, monthly forecasts, and financial reporting. Over the course of my career I too have developed fundamental team management and leadership skills necessary for interacting with all levels of management and plant operations.

Professional Skills

Management of monthly cost accounting cycle Evaluation of period results and P&L performance Budgeting for P&L Maintenance of standard costs and BOM Analysis of cost variances Inventory reconciliation Audit the integrity of all inventory and cost of sales accounts Implementing financial systems Working with auditors Enhancing financial controls

Accomplishments

After being hired by Coca-Cola Enterprises, Inc. in April of 2007, I immediately acquired responsibility over five bottling facilities and related sales warehouses, supporting them in all areas of cost accounting, budgeting, and financial reporting.

Designed a process for validating production volume and labor data entered by all US plants into a manufacturing Labor Effic. Reporting system. The data is validated against the plant’s SAP based inventory ledgers, and monthly P&L Variance Analysis.

While employed at Tropicana Products Inc., I prepared numerous Annual Operating Plans for various distribution operations and their administrative centers which added to budgets of over $300 million, and within a combined dollar variance of less than 1.8 %. All assigned deadlines and corporate targets were consistently met.

While working for Pepperidge Farms Inc., I successfully replaced my Mftg. plant’s existing accounting system modules for a totally integrated financial/manufacturing software (BPCS) within a year's time. Accounting modules implemented were: Inventory, Costing, Accounts Payable, and General Ledger.

Also while working at Pepperidge Farm’s manufacturing plant in Lakeland FL, I successfully implemented an improved inventory tracking system at ten regional distribution outlets which in the first year reduced inventory shrinkage by $175K.

Education

Degree: Masters Business Administration, University of South Florida, Tampa, FL

Major: Finance and Economics, June 1982

Degree: Bachelor of Arts, University of South Florida, Tampa, FL

Major: Business Administration, Finance, June 1979

Experience

Coca-Cola Refreshments, Inc., Brandon, FL (April 2007 to May 2019)

Type of Business: manufacturing, Soda Processing and Bottling

Senior Cost Accountant, Northeast Region

Partner with plant managers and staff to prepare Annual Budgets for four Mftg. Plants

Lead monthly process to update the Operating Forecast of assigned plants

Supervise complete cost accounting cycle and month end closing for assigned locations

Prepare plant’s month-end financial reporting package including plant P&Ls

Lead monthly reviews with plant staff to explain manufacturing cost/volume variances

Assist plant managers and staff by providing support with financial systems, data, and training

Implement controls to ensure the integrity of all inventory and expense account balances

Prepare month-end slide presentation of Region’s financial performance and highlights

Tropicana Products, Inc., Bradenton, FL (2000 to 2004)

Type of Business: Manufacturing, Juice Processing

Supervisor of Logistics Finance

Delivered the Annual Operating Plan and Quarterly Forecast for assigned customers, which included two regional distribution centers, twelve offsite warehouses, eight administrative cost centers, and all raw material interplant freight.

Supervised one analyst, and all financial reporting of the Bradenton Distribution location

Provided monthly budget performance reporting and analytical support to assigned customers

Evaluated the financial merits of proposed cost reduction projects

Supported and audited monthly inventory reconciliations at all warehouses/distribution centers

Prepared ROI analysis in capital expenditure request for assigned customers

Contract Work (1999 to 2000)

1)Eaton Corporation, Cutler-Hammer Div., Tampa, FL (Mftg. power control equipment)

2)Sterile Recoveries, Inc., Clearwater, FL (Surgical equipment leasing)

Senior Financial Analyst

Reconciled all monthly inventory and COGS account activity

Performed standard cost “roll-ups” and inventory re-valuations

Analyzed and reported monthly manufacturing cost variances

Reported monthly Budget performance to plant management and corporate

Breed Technologies, Inc., Lakeland, FL (1994 to 1998)

Type of Business: Manufacturing, air bag systems for automobiles

Supervisor of Cost Accounting and Accounts Payable

Supervised complete cost accounting cycle and month end closing

Developed corporate budgets for materials, labor, and overhead

Reviewed and maintained all standard costs and B.O.M.

Prepared monthly analyses of manufacturing variances and performance to Budget

Performed quarterly inventory revaluations to G/L

Supervised all Accounts/Payable functions

Pepperidge Farms, Inc., Lakeland, FL (1987 to 1994)

Type of Business: Food Processing, bakery

Manager of Cost Accounting (1990 - 1994)

Supervisor of Cost Accounting (1987 - 1990)

Prepared the plant’s Annual Operating Budget and Quarterly Forecasts

Analyzed/explained plant manufacturing and overhead cost variances

Maintained and verified all manufacturing cost standards

Reconciled all inventory and COGS account balances

Reported monthly financial performance to plant management and corporate

Managed all functions of month-end cost accounting closing

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