TERRY L. REECE

***** ******* ** ****** ** *****

Cell: 251-***-**** Email:acegyp@r.postjobfree.com

EDUCATION

CMA Certified Management Accountant UNIVERSITY OF KENTUCKY, Lexington, KY

CFM Certified Financial Manager Bachelor of Science in Accounting

Six Sigma Green Belt Training Honors with high distinction (GPA...4.0)

Microsoft Office Certified (excel)

Management seminars & workshops

KEY PERFORMANCE SKILLS & ABILITIES

• Produced financials in accordance with GAAP, receiving a clean audit opinion

• Streamlined procedures saving money and improving efficiency

• Moved accounting department to paperless system

• Managed work load to meet tight deadlines

PROFESSIONAL EXPERIENCE

Retail Industry

Controller Buggies Unlimited, Richmond KY

Responsibilities:

• Presented financial statements with supporting schedules, cash flow, financial ratios

• Analyzed variances, developed budgets, produced management reports, maintained fixed asset

system

• Resolved software discrepancies

• Initiated new projects, improved company efficiency, work flows, problem solving

• Oversaw Staff Accountant’s closing journal entries, balance sheet reconciliations, bank

reconciliations, accounts receivable collections, credit card chargeback’s, refund checks, sales and use tax

return

• Oversaw Accounts Payable position - cost and quantity discrepancies – follow through from

purchase order – receiving – invoice approval – payment

• Computer software: Ecometry, MAS

Manufacturing – Plant Accountant

Senior Accountant Trane Company, Lexington KY

Dane Technologies, Brooklyn Park MN

Accounting Supervisor

Quincy Compressor, Bay Minette AL

Plant Accountant

Responsibilities:

• Maintained general ledger and all related accounts with the proper documentation and ensured

company and GAAP compliance

• Responsible for month and year end close of general ledger including preparation of journal entries

• Cost accounting activity and month end close process for the manufacturing operation

• Provided analysis of this operation including variance analysis and setting of standard costs and

overhead rates. Yearend standards roll, weekly reporting on castings, labor, shipped without cost

• Closed jobs after resolving issues such as incorrect routers, incorrect labor rates, material variances

- discrepancies between BOM and discrete job

• Reconciled standard material and freight – monthly reports to G/L and A/P

• Reported major purchase price variances and invoice price variances with reasons for variance

• Worked with product improvement teams supplying material, overhead and freight costs

• Coordinated and reconciled the annual physical inventory for the manufacturing facility and

storeroom

• Submitted monthly forecast and annual budget process

• Preparation of consolidated statements to include international subsidiaries

• Reviewed payroll records and processing of payroll

• Maintained fixed asset records, reports and controls

• Sarbanes Oxley compliance

• Computer software: CINCOM (costs), Kodiac (sales), PeopleSoft (G/L), Red Prairie (shipping)

• Monarch, Actuate and Hyperion, Oracle, AS400

Contract work Dairybelle Cape Town, South Africa

Project:

• In depth study to forecast production costs accurately

• Reported procurement forecast errors where the negotiated purchase contracts were 3month

contracts vs. annual forecast figure used

• Improved timely updates of the Accpac accounting system

• Verified milk product costing, in particular, regards the butterfat cost formula (the costing

formula was incorrect)

• Highlighted the differences of adherence to recipes

• Full physical stock count to correct theoretical stock to actual stock

• Recorded stock losses, returns

Travel Industry

Regional Finance Manager Grand Circle Corporation, Africa Region

Responsibilities:

• Planned and directed the analysis, preparation and administration of the annual budget

• Advised on strategic and operational decisions at management level

• Maintained close contact with Boston regarding impact of decisions on budgetary/ financial

issues

• Bought African continent products with specific attention to quality and costs (accommodation,

transport, meals etc.)

• Reported on variances - actual to goal

• Identified, planned and forecast future itineraries

• Attend World Business meetings semi- annually in Boston to discuss regional strategy

• Controlled financial management and administrative matters for the African continent

o Timely consolidated financial statements

o Multi-currency reporting, bank accounts (5 different countries and currencies)

o Intercompany reconciliations

o Payroll processing

o Yearend audit

Construction Industry

Contract Asla Group of Companies, Cape Town, South Africa

Responsibilities:

Monthly financial reporting

• Consolidated Income Statement & Balance Sheet (monthly + YTD)

• Individual Profit and Loss Statements & Balance Sheets (4 different divisions)

• Contract Statements

• Consolidated Trading Schedule of Current Contracts

• Costing Report per Contract

• Allowable vs. Actual per Site per Code

• Investments per Division

• Cash Flow

• Overhead Report

• Supervised: 3 bookkeepers, 3 accounts payable, 2 payroll, 1 receptionist, 1 office clerk

Farming and Sawmill Industry

Controller Oven stone Farms, Cape Town, South Africa

Responsibilities:

• Reported to Board of Directors regarding budgetary and financial matters for the farm (12,000

tons of fruit – 8,000 tons packed for export and 4,000 tons for juicing) and sawmill

• Oversaw A/R, A/P, cash management, fixed asset management;

• Produced monthly financial statements, compiled budgets, productivity reports per orchard,

variance reports

• Supervised 6 accounting and payroll staff

• Maintained banking relations and compliance with overdraft rules

• Complied with insurance policies and procedures

• Improved internal control structure

Not For Profit

Finance Manager Centenary United Methodist Church, Lexington KY

Responsibilities:

• Produced business plan – operating (+$4M) and capital; short and long term

• Presented monthly financial statements to the Executive Finance Committee

• Prepared financials for sub committees – church school, recreation, ministry (membership:2000)

• Developed policies and procedures and oversaw daily activities of church, school and recreation

accounting function

• Ran payroll for 50 full time staff and 60 part time staff

• Responsible for yearend audit and working with external auditors

•

Consultant Somerset College Cape Town, South Africa

Contract:

• Contracted to design and implement the financial and administrative systems for a new private

High School and its three entities: The College (educational aspect), Vredelus (owner of land/

Buildings), and the Educational Trust (deposits/surplus funds)

• Reported to trustees, directors and board members

REFERENCES

• Furnished upon request

Contact this candidate