Financial Accounting

FRANK VRKLJAN, CPA

***** *********** ***** *********: 708-***-****

Palos Hills, Illinois 60465 Email: ********@***.***

EXECUTIVE SUMMARY

Dynamic management career with noteworthy contributions to organization revitalization, process improvement, staff management, cost reduction and revenue growth for best-in-class organizations. Combines solid strategic planning, financial analysis and staff leadership skills with outstanding fiscal management qualifications. In-depth expertise across all core business functions and operations, from general accounting to human resources and information systems. Core competencies include:

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Budget Development & Analysis

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Profit & Loss Operations/Financial Management

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Contract Negotiations & Development

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Corporate Finance & Asset Management

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Strategic Planning & Policy Direction

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Reconciliations, Financial Controls & Auditing

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Financial Reviews & Projections

Microsoft Office

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QuickBooks

Great Plains Accounting Software

PROFESSIONAL EXPERIENCE

ACCOUNTEMPS

January 2018 to present

·Bookkeeping, Consulting, Taxes

Examples of projects:

Work with Accountemps’ client (Public Accounting Firm ) on assisting the client in preparing reviews and tax returns for individuals, corporations for the 2019 season.

Interim Tax Associate -Hinrich & Perseventos, Berwyn IL

Assist Accounting Firm with client write-ups, bank reconciliations, year-end closings and

Corporate Tax Returns.

Interim Controller -Corporate Coverage Company, Chicago IL Recycling Center,

Reorganizing Accounts Payable Department by hiring staff, combining vendor files, from multiple account numbers to single accounts, which made finding files more efficient. Reconcile vendor statements for the last two years and sending out confirmations, so that our balances agree. Call and negotiate with vendors for special terms until we get caught up. Prepared weekly cash needs schedule, for weekly check runs. Made sure customer checks were stamped “for deposit only “. Created a policy that A/R aging is prepared weekly.

Interim CFO -Devanco Foods, Glen Ellyn, IL Food Processor and Manufacture

After the CFO quit, I was asked to bring financial statements to current. Proceeded to reconcile cash and post correcting journal entries. Maintain general ledger overseeing daily activities. Updated and created Excel schedules. Created weekly flash reports, which allowed us know our financial positions,prepared budget, and cash flow schedules. statements. When everything current and correct, we proceeded to work on converting the software to Microsoft Dynamics. This entailed running a dual system until it felt comfortable that the new system was working properly. The correct weight of meat used, spoilage was properly calculated and flowed to accounting.

Interim CFO -Spring Company

Manufactured springs for car hoods

Worked on bring the financials up to date, after the CFO left

The project also included converting to QuickBooks. The entailed reversing wrong journal entries, bank reconciliations, updating Excel schedules, accounts payable and receivable transactions. Reconciling vendor statements and negotiated with vendors. Created a company in QuickBooks and entered the correct data. Prepared a Financial Statement and Balance sheet. Upon reviewing the results, I noticed glaring unusual expenses. For example, subcontract labor was higher than internal payroll, Reviewed the statements with the Officers and went over each line. The officers did not have knowledge of reading a Profit and Loss statements. They had no financial background. Spent time with them going over the statements, so they can achieve basic knowledge.

H & R Block

December 2014 to 2016

Prepared Tax returns For Corporations and individuals.

WORLD FINANCIAL GROUP October 2011 to December 2017

Consulting Projects, Financial Planning, Tax preparations

·Worked on Financial Planning for individuals and families.

C D PEACOCK

Controller/CFO (January1998-October 2011)

Senior finance executive with full accountability for all corporate financial affairs, including fiscal performance, operations, marketing, supply chain and human resources. Core member of the executive management team during acquisition and elevation from bankruptcy of this high-end jewelry and watch retailer in business since 1837. Provided leadership and direction for 45 multi-functional employees via 11 direct reports. Reported directly to the owner regarding all business affairs while managing a variable operating and capital budget.

·Controlled all cash management functions, including development of open-to-buy budgets which maximized buyer efficiency while conserving cash.

·Developed and launched new locations, analyzed business expenses, re-negotiated leases and implemented cost reductions to ensure maximum revenue, profit margins and return on investment.

·Built a team of multi-lingual sales consultants and negotiated billboard and newspaper marketing in different ethnic regions to gain a competitive advantage with non-English speaking consumers.

·Coordinated the implementation of Great Plains software. This included the integration of POS software (ASC), tracking of inventory, using Great Plains report writer (FRX) for management financial reports.

·Negotiated contracts for retail site leases and general contractors for store construction; also negotiated print and other media advertising agreements.

·Executed special financial projects, prepared operations reports, analyzed inventory pricing and margins, and investigated financial discrepancies.

·In charge of Human Resource, Telecommunications, insurance and other office administrations.

Highlights:

Achieved more than $8 million in new sales revenues by creating financial models/forecasts and expanding market presence via two new locations on Michigan Avenue in Downtown Chicago.

Reduced annual payroll costs $150,000 by analyzing peak business hours, adjusting shift schedules and hiring part-time staff, thus eliminating overtime hours.

Increased revenues by $600,000 by opening up an in-house watch repair department, adding another revenue stream while increasing traffic within the store.

Transformed a potential long-term cost increase due to expiring leases into a favorable solution by leveraging market and demographic analyses to negotiate $250,000 in new lease savings.

Implemented vendor co-ops, advertisement bartering, vendor discounts and Amex bill-paying (to earn

business rewards), resulting in 19% lower advertising costs and 20% lower SG&A expenses.

Developed and implemented a six-month action plan that reduced occupation expenses 35% at a new location

via resource consolidation and operational efficiencies.

Controller (November1992-January1998)

Supervised the accounts receivable, payroll and sales tax functions; provided analysis and support for capital and special projects; and handled all aspects of cash management, including bank negotiations, forecasting and budgeting. Directed a team of seven direct reports and three indirect reports.

·Closely involved in all inventory purchasing, adjustments and reconciliations, along with the development of financial statements and operating and capital budgets.

·Partnered with external auditors to coordinate financial audits and handled all preparation for internal audits.

Highlights:

Achieved less than 1% shrink by participating in conversion from a DOS-based POS system to

a Windows-based system, improving accuracy of inventory control and speed of transactions.

TRIANGLE MOBILE ELECTRONICS 1991 to 1992

Controller

Performed cash management functions. Partnered with the owner/CEO to review trends and cash positions. Restructured the total financial reporting package.

Highlights:

Increased collections 40% and increased cash flow by implementing a 30-day plan to analyze processes and systems, develop financial strategy and create a new business unit.

Created, staffed and opened a new division, separate from retail operations. The new department improved efficiency and created new revenue streams for retail stores via telecommunications solutions across multiple states.

GLYNWED USA INC. 1987 to 1991

Controller

Provided leadership and direction for a team of 10 professional accounting staff (with 25 indirect reports) to facilitate annual business forecasting and budgeting for all U.S. subsidiaries (manufacturing and distribution). Scope of responsibility included budgets, variances, accruals, audits, journal entries and regulatory compliance for all accounting operations. Also, included audits of procedures, policies and financial data at subsidiaries locations.

·Prepared monthly financial statements and year-end closings, and supervised the preparation of payroll, bank reconciliations, insurance and pensions.

·Drove continuous improvement in all accounts receivable, credit, billing, ad hoc reporting/analysis and collection/reconciliation of subsidiaries’ accounts to successfully reverse negative trends.

·Provided Reporting Package to British Parent.

·Audit and reviewed subsidiaries policies, procedures, and financial data at their locations.

Discovered embezzlement of $850,000 at a New Jersey subsidiary, then was placed in charge and improved operations from a negative position to breakeven before selling the company.

Public Accounting

PHILIP ROSENSTROCK & COMPANY WOLF & COMPANY

EDUCATION

UNIVERSITY OF ILLINOIS AT CHICAGO

B.S. Accounting

AFFILIATIONS

AICPA (American Institute of Certified Public Accountants) ICPA Society (Illinois Certified Public Accountants)

CPA & Business Professional Group

Retail Network in Chicago

Retail Industry Professionals

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