Controller

MICHAEL J. CARLE, MBA

*** ******* ****** 732-***-****: cell

Jackson, New Jersey 08527 *********@*****.*** 732-***-****: home

www.mycareerhighlights.com/michaelcarle

CHIEF FINANCIAL OFFICER / CONTROLLER / DIRECTOR OF FINANCE

Strategic and tactical financial management roles in diverse environments with responsibilities for the day-to-day financial operations for both public and private companies with revenues from $12M to over $3B as well as providing key financial advice to senior leadership and operating management. As a truly operationally oriented financial executive and business partner, I have had success optimizing both revenues and profits with a business style always focused on continuous improvement, improving efficiency and reducing costs. My intimate understanding of cost drivers of a business means I fully participate in business growth and maximizing the bottom line. I have industry exposure in manufacturing and service sectors including hospitality, healthcare and consumer products in widely diverse operations nationwide and worldwide.

CORE COMPETENCIES: P&L Responsibilities, Financial Planning, Budgeting/Forecasting, Financial Reporting,

Internal Consulting, Cash Management, Revenue Generation, Client Relationship Management, Banking Relationships

Performance Improvements, Strategic Planning, Capital Investment, Tax Management, Cost Control & Containment

Supply Chain Management, Inventory Control, Labor Control, Fixed Assets, Auditing, Systems Implementation, Change Management, Cash Flow Analysis, Process Re-Engineering, Internal Controls/Policies, Business Process Optimization.

Sarbanes-Oxley. Software experience in SAP, Hyperion, Great Plains, QuickBooks, ACCPAC, PeachTree, Fishbowl. Payroll experience using PayChex and ADP Total Source.

PROFESSIONAL EXPERIENCE

Delta Corrugated Paper Corporation Palisades Park, NJ April 2016-Present

Manufacturer of quality displays and cartons

Controller

Installing and implementing Advantzware manufacturing ERP software. Manage all financial aspects including Financials, Invoicing, Payables and Cash Management, Responsible for reporting Union Dues, Pension & Insurance, Payroll, Benefits and Insurance. Report to Owners and maintain relationship with Tax CPA Firm.

Mega Pumps LLP. Eatontown, NJ October 2014-March 2016

Manufacturer of plastic airless dispensers for cosmetic and healthcare industry leaders

Financial Controller

Installing and implementing IQMS’ packaging-specific manufacturing ERP software. Manage all financial aspects including Financials, Budgeting and Cash Management, Responsible for Employee Development and Handbook, Payroll, Benefits and Insurance. Report to Board of Directors with Financial KPI’s and maintain relationship with Tax CPA Firm. Labor costing, BOM’s and physical inventory control.

ON TIME LIGHTING CO. Bensalem, PA March 2014-September 2014

Manufacturer of energy efficient fluorescent lighting fixtures

Consultant/Controller

Installing and implementing Fishbowl Software that integrates with QuickBooks, developing manufacturing software with involvement in Bill of Material, Manufacturing Orders, Purchasing and Sales Orders. Manage all financial aspects including Forecasting, Budgeting and Cash Management, Responsible for Employee Development, Payroll, Benefits and Insurance. Report to Board of Directors with Financial KPI’s and maintain relationship with Tax CPA Firm.

JERSEY JACK PINBALL, INC. Lakewood, NJ 2013-March 2014

Manufacturer & Distributor of Arcade Pinball Machines

Consultant/Controller

Manage all financial aspects of this emerging manufacturer with specific responsibilities in securing financing, prepare yearend financial statements, installing and implementing Fishbowl Software that integrates with QuickBooks, developing manufacturing software with involvement in Bill of Material and Forecasting, Budgeting and Cash Management.

ELAUT USA, INC. (Division of Belgium Manufacturer) Lakewood, NJ 2009-2012

A $12M company providing infrastructure and services to the hospitality industry including Busch Gardens, Six Flags and Universal Studios

Chief Financial Officer (6 Direct Reports)

Broad responsibilities for the preparation and analysis of monthly financial statements and oversight of A/R, A/P, Cash Management, payroll, bank reconciliations and banking relationships. Developed and presented management reports to senior management and board of directors and managed annual budget, cash forecasting and sales tax returns.

Key Contributions

Major management contributor to decision to develop an additional revenue stream that resulted in a 25% increase in revenue by selling amusement equipment to outside vendors. Presented to Board members forecast that led to adoption of new revenue steam.

Reduced labor costs by 10% saving over $300K per year by reducing corporate staff and lowering hours of other staff members during the economic downturn.

Spearheaded the reduction of Group Health Insurance costs by $45K through the adoption of ADP’s Total Source program that pooled employees with other small companies.

Researched software for Fixed Assets reporting and adopted SAGE software that controlled assets that were transferred between locations saving $4K in audit fees.

FREEHOLD RACEWAY PARK Freehold, NJ 2007-2009

Horse racing facility with revenues of $100M

Chief Financial Officer/Controller (5 Direct Reports)

Corporate Controllership responsibilities included the preparation and development of monthly and yearly financial statements including journal entries and reconciliations, development of company’s operating budgets, managing cash flows, automating systems and processes, and managing Accounting and Banking Relationships.

Key Contributions

Saved $100K in Raceway maintenance costs by eliminating Union cleaning contract and utilizing in house employees, reducing staff from 20 to 12.

Designed an overall operational control environment around the processing of all financial transactions

Prepared and acted on analysis of operations and expenses resulting in reduced costs by 12%

FINANCIAL CONSULTING ASSIGNMENTS Jackson, NJ 2005-2007

Managing Partner & Principal

Long Term Consulting Assignments in Controller roles for several clients in diverse industries including assignments at Cathedral Healthcare which managed 5 hospitals, an Information Technology Company and a Surgical Supply Company.

Key Contributions

Managed the preparation of financial statements, month end closings, inventory, budgeting and A/R, A/P.

Assisted in preparing for year end external audits and reconciled balance sheets & general ledger accounts.

MASCO CORPORATION Fair Haven, NJ 1999-2005

A Distributor and Installer of Building Products with revenues of $750M, a division of a $3B Company

Controller (7 Direct Reports)

Prepared monthly financial statements, month end closing entries, A/R, A/P, budgets, and inventory for 22 domestic locations. Reconciled cash and payroll corporate bank reconciliations. Responsible for due diligence for closing on new acquisitions. Prepared census reports and sales tax returns.

Key Contributions

Spearheaded Sarbanes-Oxley Compliance in the area of inventory costing and control by hiring 20 new employees in the corporate office and leading the team in updating inventory costs for over 50 branch locations. Led branch training meetings in physical inventory procedures resulting in company meeting SOX compliance.

Provided team leadership for the implementation of Corporate Control Self-Assessment Certification.

Wrote and developed inventory policies and procedures.

SOUTHCORP PACKAGING, INC. Dayton, NJ 1996-1999

A manufacturer of Industrial Containers with revenues of $50M

Plant Controller

Authored and maintained weekly forecasts for Corporate Management. Managed and prepared month-end financial statements, A/R, A/P and managed collections. Performed physical inventory reconciliation. Installed systems,

procedures, and reports to analyze manufacturing variances allowing us to identify and correct the root causes in factory efficiency. Created Bills of Materials.

Key Contributions

Controlled a budget for sales revenue of $40 million and prepared and reconciled capital appropriation requests.

Performed high-dollar procurement of resin and color.

Russell Stanley Corporation Red Bank, NJ 1986-1995

A $300M manufacturer of Industrial Containers

Branch Manager / Account Manager

Responsibilities include the general and administrative financial transactions for the division including an annual budget of $1M. Directed customer service and billing functions of annual sales and controlled standard cost accounting overhead allocations. Standard costing for all locations. Created Bills of Materials.

EDUCATION

Master of Business Administration (MBA) GEORGIAN COURT UNIVERSITY Lakewood, NJ Bachelor of Science (BS) Accounting STATE UNIVERSITY OF NEW YORK Brockport, NY Certified in Physical Inventory Procedures > Notary Public

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