Cost Accounting/Analyst

Rod W. Wessman

**** ******* *** **********, ** **005 630-***-**** *********@****.***

Profession Managerial Cost Accounting and Cost Analyst

Qualifications Highly analytical and accomplished professional having twenty years of

experience in managerial and plant operations accounting with emphasis in

manufacturing. Leveraging a twelve year background in engineering and

computer science has provided the opportunity to successfully interact with

cross-functional teams to analyze and report organizational performance both

technically and financially.

Overview of responsibilities include financial reporting, general ledger

reconciliation, variance analysis, cost accounting, inventory management and

reserves, establish departmental goals, internal procedures and policies, cost

structures and controls, operation and capital budgeting, financial data

modeling, fixed asset management, identification of manufacturing inefficiencies

and cost reduction opportunities, inventory control and ERP software

configuration. Proven ability to function as an individual contributor or as a

member of a team to achieve organizational goals applying the highest

standards professionally and ethically.

Education

Graduate: Candidate for Master of Accountancy and Finance – CPA Preparation

Keller Graduate School of Management (90+ percent completion)

Graduate: Master of Science in Computer Science

North Central College, Naperville, Illinois

Under Graduate: Bachelor of Science in Mechanical Engineering

Western Michigan University, Kalamazoo, Michigan

Experience

7/2005 to 5/2014 MIddleby - Cozzini, LLC., Chicago, IL Cost Accounting and Cost Analyst

A leading and reputable global equipment manufacturer and system solution

provider for the food processing industry producing $44 Million in revenue

annually. Reporting to the division controller.

Responsibilities:

• Supported controller to produce accurate and timely financial statements

while providing oversight of all operating activity,

• Helped accelerate the financial close to five business days to comply with

corporate objectives,

• Month-end processing, GL journals, monthly reconciliations, revenue

recognition, cost of sales, customer deposits and progress billings,

capitalization of labor and overhead variances and forecasting. GAAP and

SOX compliance,

• Research profit margin variances, actual costs versus estimated costs, to

identify process inefficiencies and improvement opportunities,

• Reconcile inventories and prepared book-to-perpetual adjustments,

• Audit physical inventory process and controls to ensure compliance with

corporate procedures and policies,

• Standard accruals; warranty reserve and obsolete inventory reserve

provisions,

• Contribution margin analysis per customer and product family,

• Co-author of internal operation procedures and policies,

• Supported operation budgeting, capital budgeting, financial and data

modeling, cost control and containment, and various other projects

assigned for the plant,

• Maintained key performance indicators and metrics; reporting monthly to

operations team,

• Configured accounting functions for IFS Enterprise System and Crystal

Reports generation as required.

Key Achievements:

• Developed and implemented activity based costing system in a diverse,

multi-site, job cost environment complying with GAAP. Managed and

maintained labor and overhead budgets,

• Developed financial controls that successfully scaled as the company

grew from $28M to $44M. No material weaknesses found by internal or

external auditors.

7/2001 to 7/2005 Annex Development, Chicago, IL Project Management and Cost

Accounting

A small construction and property management company. Renovator of large

multi-unit commercial buildings.

• All accounting functions; general and cost,

• Project planning, estimating and general project management,

• Implementation of company’s first formal accounting system using

QuickBooks,

• Prepare and report monthly financial statements for CPA.

9/1997 to 6/2001 IPS Automation, Elk Grove Village, IL Operations Manager and Cost

Accounting

A $24 Million manufacturer of carton packaging equipment for the

pharmaceutical, personal products and food processing industries. Reporting to

the division controller.

Responsibilities:

• General cost accounting: Journal entries, account reconciliation, financial reporting,

internal controls,

• Part of plant leadership team. Responsible for driving financial performance while

providing financial mentorship to organization,

• Assisted sales organization in cost estimating for all special; non-standard systems. Full

authority over all quotations involving custom product,

• Audit and approval of engineering Bill of Materials and routings,

• Oversight of Purchasing and Accounts Payable activities including payment authorization

and Make-buy decisions,

• Participated with Sys-Pro ERP System implementation and configuration.

1/1994 to 9/1997 Process Control Technologies, Cost Accounting/Analyst

Addison, IL

A $30 Million manufacturer of material handling systems for the electronics

industry. Responsible to the General Manager.

Responsibilities:

• General cost accounting: Monthly close process, journal entries, account reconciliation,

financial reporting,

• Part of plant leadership team. Responsible for driving financial performance. Provided

financial mentorship to the operations organization including the creation of an ISO certified

quality assurance program required by Hewlett Packard and Motorola,

• Managed inventories and adjustments to reserves,

• Responsible for MRP and accounting system implementation, configuration, testing, and

maintenance,

• Fourth Shift ERP System.

Key Achievements:

• Increased net earnings (EBIT) $2.4M in first fiscal period by identifying and eliminating

gross inefficiencies and waste in the production workflow process and supply chain,

• Negotiated purchasing agreements with suppliers saving $750,000 annually in direct

material cost. Advocated annual contract reviews with high-volume suppliers.

1/1984 to 1/1994 Rockwell International, Westmont, IL Senior Product Development

Engineer/ Business System

Programmer

A multi-billion dollar manufacturer of commercial and newspaper printing

presses. Product development project leader occasionally .

• Member of technical team formed to develop and estimate costs to

produce new and emerging technologies for applications on high speed

printing machinery. Information provided to sales and marketing as basis

for market feasibility studies,

• Participant in the Rockwell supplier partnership program. Introduced

and trained new suppliers to Rockwell standards and business practices,

• Managed product development projects with 3 year durations with

budgetary responsibility in excess of $3.5 million. Maintained a position

accountability of $55 million.

Related Skills

Crystal Reports Excel Access Word PowerPoint MS Project Visio

Business Tools:

Windows OS

IFS ERP Fourth-Shift ERP Sys-Pro ERP JD Edwards ERP

QuickBooks MS.NET

References Available Upon Request

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