Sales Accounting

GARRETT R. KELLY, CPA **** Eliot Trail

Elgin, Illinois 60120

acccfd@r.postjobfree.com(773) 343 7571

PROFESSIONAL OBJECTIVE

Controller position capitalizing on expertise in international manufacturing

operations.

SUMMARY OF QUALIFICATIONS

Profit focused asset manager. Specialized expertise in managing US

distribution and Mexican maquiladora accounting, cash flows, credit, and

inventory control functions.

Accounting professional. CPA, MBA in Finance, BS and AS Accounting

degrees. Maintain GAAP standards during changes in ownership,

financial systems, and evolving business models. SOX champion.

Worked on cost accounting at the Mexican manufacturing company

tracking and allocating variances and reducing shrinkage from 6 percent

to fewer than 2 percent. Reduced the month end close process from 3 days

to 1 day.

Valued financial advisor. Retained, recruited, and promoted during

evolution from entrepreneurial to Fortune 200 corporate structure.

Worked with several CPA firms on certified audits and passed internal

audits. Built raw material supplier tables resulting in a raw material cost

reduction of 7%.

Tech savvy. Adapts well to changes. Converted systems from MS Excel

to proprietary system to Open System Accounting Software to SAP,

Oracle, Hyperion, and PeopleSoft. Also worked with COGNOS.

PROFESSIONAL EXPERIENCE

July 2013 to Jan. 2014 HI PAD USA INC.

Melrose Park, Illinois

CONTROLLER

Startup Company partnered with Chinese manufacturing company looking to

build presence in the US.

Set up all accounting functions for the business.

Developed online catalog.

Set up inventory order parameters.

Performed product analysis reducing needed applications by 10%.

Built cost files to assist with customer quotations.

Worked with import brokers to receive goods.

Set up customer terms and credit limits.

GARRETT R. KELLY, CPA Page Two

Jan. 2013 to July 2013 BYSTRONIC INC.

Elgin, Illinois

CONTRACT CONTROLLER

Temporary position with a Swiss owned company that provides sales,

installation, and service for industrial machines.

Multi state income tax preparation and sales and use tax filings.

Built sales profitability reports by product type.

Created contribution margin report for machine sales.

Improved SAP reports to allocate material, selling, and service costs by

individual machine as opposed to prior estimates.

Created file to accrue worker’s compensation insurance expense

preventing significant out of period adjustments.

Put in controls to record freight costs in the proper period improving

reporting accuracy.

Implemented controls to become compliant with audit comments

regarding financial review.

1992 to Dec. 31 2012 REMSA OF AMERICA, INC. (TRW Automotive, Inc. subsidiary)

Melrose Park, Illinois

CONTROLLER

Recruited to start up HQ of North American branch of REMSA Spain

acquired by TRW in 1999.

Created and adapted financial management platform to maintain stability

during ownership changes / transitioning in 1997, 1999, and 2006, as well as

start up of REMSA maquiladora. Company operations were transferred to

Mexico at the end of 2012.

Sales / Receivables: Managed credit, billing and collection processes. Co

approved credit terms with president.

Accelerated cash flow by setting up EDI for most accounts and a factoring

arrangement with Prime Revenue for key account.

Track and problem solve client issues quickly reducing bad debt write

offs to under .05%, well below the cutthroat Automotive After Market

standard.

Developed sales reports to track units, revenue, invoice discounts, cost of

goods sold, shipping costs, and General Ledger verification improving

customer profitability analysis.

Created customer cost by part number to assist in quoting.

Accounts Payable: Vet, negotiate terms, and set up new suppliers. Managed

purchase order, receiving, and payment processes for 100+ vendors.

Generated wire transfers and booked currency conversions.

Payroll: Verify, track, post to General Ledger and forward data for 12 50

employees to payroll processor.

Transitioned from Excel to RPS, ADP, and TRW’s PeopleSoft.

Banking & Cash Management: Set up, manage, and reconcile bank

accounts, including four cash accounts. Forecast cash needs and actively

manage daily cash movements. Set up positive pay.

GARRETT R. KELLY, CPA Page Three

Moved cash into interest earning account.

General Ledger: Prepare month end trial balance, financial statements and

accrual reports. Verify and balance asset liability and revenue cost accounts.

Track and ensure correct depreciation of fixed assets.

Analyze cost variances, map local anomalies and upload into Hyperion

system for TRW’s financial decision makers.

Maquiladora: Oversee accounting functions, including inventory costing,

fixed assets, depreciation, business expenses, and reporting.

Coordinated set up of REMSA’s accounting system.

Built cost management template for raw material purchases.

Source, select and work with import/export brokers.

Cost Accounting: Create annual standard cost by part number. Identify and

explain cost variances. Properly record the variances in the proper period.

Analyze material cost and investigate variances for explanation during the

monthly review meetings.

Review labor costs to determine when variances need to be expensed.

Inventory: Purchase and manage $20 million WIP, supply, and finished

goods inventory in US and Mexico.

Standardize and track cost variances to maintain accurate financials.

Devised process and directed annual physical inventory of 2500+

SKUs/over 1,000,000 units with exceptionally low shrinkage.

Audits: Verify largest asset, inventory, with Ernst & Young. Previously

partnered with other CPA firms on certified audits and tax filings until TRW

deemed independent certified audits were no longer needed.

Passed internal audits and an IRS audit without fail.

Previous: EXCHANGE PARTS OF AMERICA (EPA) Chicago, Illinois

ASSISTANT CONTROLLER

EDUCATION BENEDICTINE UNIVERSITY, Rosary College River Forest, Illinois

MASTER OF BUSINESS ADMINISTRATION, Finance

ELMHURST COLLEGE Elmhurst, Illinois

BACHELOR OF SCIENCE, Accounting

TRITON COLLEGE River Grove, Illinois

ASSOCIATE OF SCIENCE, Accounting

CERTIFICATIONS Certified Public Accountant, State of Illinois

Eagle Scout, Boy Scouts of America

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