Financial Analyst Accounting Manager

James L. Elliott

Columbia, MD *****

ac9xuv@r.postjobfree.com 410-***-****

Dedicated Controller / Cost Analyst / Lead Consultant

Identify causes and implement processes that reduce budget vs. actual variances.

Hands-on professional accomplished at meeting challenging deadlines through effective communication and analysis skills. Experienced working in diverse domestic and foreign industries. Validates and manages standard costs for large, multi-national manufacturing entities. Leverages manual GAAP processes with IT and automated mechanized systems to lessen reliance on cumbersome, manual efforts in favor of expedient and accurate automated processes.

Cost Accounting Analysis & Reporting Conversions Budgeting Month End Close

HGB IAS & FARS FDA & DCAA Activity Based Cost Forensic

Consulting Mergers & Acquisitions Labor

Professional Experience

Usalco Inc. 10/2018 – 4/2019

Inventory Cost Accountant (Contractual Engagement)

Responsible for inventory, raw materials, and cost accounting. Processed daily production results and posted transactions in great plains. Consolidated monthly inventories for seven manufacturing locations, analyzed variances and made appropriate adjusting journal entries and transfers. reconciled and entered invoices for multiple plants in the Enter-Match system to facilitate on time payment. Ad-hoc reporting and special inventory projects as needed.

MARYLAND CORRECTIONAL ENTERPRISES, 9/2017 – 12/2017

Department of Public Safety & Correctional Services.

Fiscal Consultant – Finance MCE. (Contractual Engagement)

Created and documented departmental processes and procedures manuals for Accounts Receivable, Payables, Fixed Assets, and Payroll. Performed and reviewed journal entries, payroll entries, adjusting inventory and accounts payable entries in AS-400 system. Participated in month end close activities including performing manual reversing entries of previous period. Updated direct and indirect overhead labor and material rates, as well as analysis of standard costs.

Consulting & Contractual Engagements, UK & US 9/2014 – Present

Performed a number of short and long term Contractual assignments, both through various agencies and also as an independent Consultant in the areas of:

revenue testing, standard cost, purchase card reconciliation, cycle counting, internal audit,

purchase price variance, creation of standard operating procedures, general ledger,

manufacturing finance management, and multiple ad-hoc reporting and analyses.

Some of the clients I have worked for include:

Smiths Detection – SSA, Inc., Bain Capital, Apex Tooling Group, Stanley Black & Decker,

Osiris, Siemens, Anne Arundel County Government, State of Maryland, and DAP Inc.

QIAGEN, Hilden, Germany / Gaithersburg, MD USA 7/2008 – 2/2014

German bio-tech and assay samples technologies manufacturer.

Controller, Operations (GERMANY) Cost Accounting Manager (UNITED STATES)

Provides financial support for plant site with 240 staff, $44M inventory value and $90M annual sales revenue. Performs monthly / yearly evaluation of standard cost and inventory movement and monthly analysis of operations labor efficiency / productivity. Serves as liaison between plant management, corporate finance and executive management.

Instituted company policy changes and approved policy changes in inventory management, cycle count procedures, standard cost, and engineering change orders. This included increasing fixed asset (FA) limit to $5K and setting cycle count threshold at $1K, or 10% of total, regarding cycle count discrepancies, resulting in faster month-end close process.

Prepared automated budget templates for all operations cost centers and trained department managers on use of templates that significantly decreased month-end processing time.

Monitored expenditures for 10 direct cost centers and rebooked erroneous charges including $124K temporary help charges, $500K labor and associated expenses and $1M erroneous late charges.

Developed method of tracking capacity and labor absorption by department and work center that led to router and BOM changes resulting in 19% improved labor efficiency for Gaithersburg plant.

Validated standard cost and inventory revaluation, amortizing effects of revaluation over 3 – 5-month period depending on percent of increase / decrease to offset impact to monthly P&L statement.

Provided management with monthly HGB compliant KPI reports covering all areas of operations, including: inventory management, utilization and productivity, cost of sales, scrap, cost center spending, work order variances, overhead and recovery, direct and overhead absorption, and manufacturing output for 3 sites. Information enabled management to make decisions regarding headcount, intercompany mark ups, policy changes, BOM / router changes and work center utilization.

Trained 2 new hires in controlling and authored several how-to guides on month-end close procedures that facilitated consistency and efficiency in reporting processes.

Performed activity-based costing and all phases of job cost for numerous product lines for 3 US facilities. Played integral role in BOM and router changes by providing effects of proposed planning changes in SAP test system.

Enabled continuous cycle count audits by building manual program until IT customized SAP program to meet company’s needs.

GENERAL MOTORS / POPULUS GROUP, White Marsh, MD / Southfield, MI 2007 – 2008

Cost Accountant – Financial Analyst

Performed FA audit for 2 plants and joint venture between General Motors and Mercedes Benz hybrid transmission. Recorded daily deposits and payments from Daimler-Benz, submitted requests to Daimler-Benz for payments per contract milestones and deliverables and reconciled SAP with Covisint system.

Researched and identified $13M in FA through extensive fieldwork to locate missing or mislabeled assets.

Processed purchasing requisitions in SAP for tooling, vendor tooling, capital assets, and expenses. Categorized type of requisition and created work breakdown structure that improved cost reporting.

Performed monthly information lifecycle management and acceptable use practices audits. Prepared reports for employees and management, which detailed trends and factors relative to findings and categories. Tracked corrective measures and results for quarterly review.

ACCENTURE, Reston, VA 2005 – 2007

Functional Business Analyst

Served as financial representative of technical consulting team that supported multi-national, multiple FEIN clients’ payroll and human resource IT systems. Supported mergers and acquisitions efforts for clients’ real estate and resort portfolios.

Ensured optimal service levels by serving as liaison with IT for requests, concerns and internal / external questions from Cendant business entities regarding support of HRTS system’s Lawson and Oracle applications.

Provided exceptional support and technical assistance to Lawson end-users by teaming with client to analyze, understand, and anticipate business needs.

Provided consolidated and updated information by converting new acquisitions’ charts of accounts to Oracle financials on weekly basis. Managed defined short-term projects, which included acquisitions, divestitures, year-end processing, and SOX-related reports and inquiries for client audits.

GENERAL PHYSICS CORPORATION, Elkridge, MD 2004 – 2005

Financial Analyst

Provided financial reporting support to 3 business units representing $34M+ of revenue. Reviewed all proposals for accuracy, profitability, compliance, work-at-risk, and contract type in accordance with client purchase order and funding documents prior to bid submission. Advised operations on contract set up, markup percentages, correct overhead pools, and labor utilization for new proposals.

NURAD TECHNOLOGIES INC., Baltimore, MD 2000 – 2004

Senior Cost Accountant

Provided back-up to financial accountant, including A/P, A/R, bank reconciliation, petty cash, and month end close. Prepared and analyzed monthly estimates to complete on projects valued $100K+.

Coordinated company’s first fixed asset inventory in 15 years including verification of acquisition values, locating $12M in assets, and investigating discrepancies.

Monitored and reported monthly internal research and development spending and collaborated with marketing in establishing budgets and production schedules.

Assisted in bid and proposal process for all government and commercial customers by supplying historical cost and gross margin information.

Supplied actuals for Incurred Cost Submission and labor and overhead rates for Forward Pricing Rate Proposals to DCAA.

Instituted minority reporting metrics for company to feature, small, woman or veteran owned, HUD zone locations and minority owned vendors.

Began post contract review process to investigate programs that closed with a low gross margin to help identify overspends and if budgets, routers, and/or bills of materials had to be adjusted going forward.

Technical Skills

Lawson, AS/400, SAP, Cognos, MFG Pro, McCracken, UNIX, Made2Manage, LSAMS, Solomon, Lotus, Symphony, Windows, MSWord, Excel, QuickBooks, AM Trust, Bloomberg’s, FAS, Hyperion, Oracle, New Star, Accpac, JD Edwards, CTI, Skyline, Great Plains, Timberline, and Deltek Costpoint

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