owais a. shamsi
Home: 501-***-**** Mobile: 501-***-**** ************@*****.*** Little
Rock, AR
financial Operations / Accounting Manager/Cost Accountant
Accomplished controller in manufacturing, warehousing and product
distribution environments. Financial reporting, analysis planning and
accounting skills accompanied by strong team management skills and exposure
to project management and budgets. History of reorganizing, streamlining
and strengthening financial operations to maximize performance and
profitability of private firms. Experience in small lean environments as
well as large corporate structures. Acknowledged ability to interface
effectively across the organization and solve problems in the broader
organizational context. Implemented a new ERP system from with several
accounting modules.
Experience Includes:
Full-Cycle Accounting Payroll Processing Interface with Marketing and
Sales
Financial Statement Bank, A/P & A/R Interface with Engineering and
Preparation Reconciliation Factory Floor Supervisors
Cash Flow Management Staff Training Negotiating Leases
Month End Closing ERP Implementation Diplomatic Complaint
Prepare Journal Entries MAS 90 Resolution
Budgeting Project Management Group Benefit Administration
QuickBooks Premier/Pro
Professional Experience:
Century Industries, Little Rock, AR
2013 - Present
Accounting Director
Under the direct supervision of the CEO, responsible for the overall
management of the Accounting and Administration Departments. Also involved
in strategic planning, financial analysis, HR and problem resolution.
Direct entire accounting function in accordance with GAAP, with full
discretion and oversight of general ledger functions.
> Responsible for managing and maintaining cost analysis and cost
containment strategies.
> Review collections of A/R, A/P and payroll procedures.
> Review G/L accounts for accuracy each month, correct any
discrepancies.
> Create and process journal entries as necessary.
> Recommend and develop policies, procedures and systems to meet company
objectives.
> Responsible for bank, purchase order and inventory reconciliations.
> Generate, distribute and file financial statements.
> Evaluate, coach and motivate employees within the Accounting/Admin
department.
> Assist other manager with personnel issues as they arise.
ARMA Design, North Little Rock, AR
2009 - 2013
Finance Manager
Manage financial and accounting functions for an electronic engineering
design and electronic components manufacturing company. Direct budget and
cost controls for several departments. Accountability extends to financial
statements, profit/loss and cash flow analysis.
> Responsible for managing engineering and manufacturing projects,
including maintaining labor and material cost information and
informing Project Management.
> Report directly to the CEO on all cost information and over budgeted
projects.
> Establish annual budget and forecasts and explain and resulting
variances to the CEO and CFO.
> Improved project management by streamlining communication and document
flow between two office locations.
> Manage all Accounting and HR functions for 2 offices.
> Consolidated all Accounting and Administrative functions, resulting in
savings of over $25,000 a year.
> Improved all Accounting functions and created comprehensive Accounting
Process manual for the company.
> Prepare month end journal entries and all financial reports.
> Perform all bank, credit cards, and Purchase Order Reconciliations.
> Responsible for all Accounts Receivable and Accounts Payable
activities.
> Keep the Depreciation Schedule updated. Calculate depreciation cost
for the Financial Statements.
> Prepare biweekly payroll and all payroll tax reports.
L'OREAL USA, Little Rock, AR
2008 - 2009
Financial Accounting Manager
Supplied management with the analyses necessary for the effective
management of the plant. Analyzed potential deviation of risks in terms of
results. Identified key areas of improvement, provided alternatives
sources for cost savings to enhance the plant performance. Assisted in
enforcing deadlines for month-end, trend analysis, and budget reports.
> Participated on a consumption task force to identify and correct
excess consumption of components and bulk on the plant floor.
Recommendations resulted in yearly savings of 10K on one manufacturing
line.
> Prepared month end journal entries and financial statements. Analyzed
trends and operating costs.
> Supervised a team of two accountants with costing of new products for
launches and cycle programs. Submitted estimated cost to corporate
marketing for planned launches.
> Validated the industrial cost price during the year and for budgets.
Examined changes in bill of material, components and manufacturing
methods to determine effects on costs.
> Coordinated across several departments to gather purchasing, labor and
logistical information. Acted as a liaison between corporate
marketing and accounting division.
> Prepared and analyzed the weekly and monthly manufacturing variance
reports and alerted management of any drifts.
> Calculated trends for the year in costs based on projected production
plan. Calculated all plant Overhead rates for budget purposes.
> Designed updated procedures of restricted access of inventory
transaction for better internal control.
BIONET ESTHETICS, Little Rock, AR
2003 - 2008
Accounting Manager
Managed complete business operations of a start-up manufacturing and
distribution firm, including oversight of $4M budget. Supervised a team of
20 cross-functional employees. Worked closely with major distributors and
resellers such as American Laser Centers and Spenco. Directed entire
accounting function in accordance with GAAP, with full discretion and
oversight of general ledger functions.
> Worked with the CEO to ensure corporate directives are being
implemented and functions operating efficiently.
> Led initiatives to optimize financial leverage and health of entire
firm, reporting directly to the CEO. Implemented MAS 90 ERP system
that improved inventory management and delivery times, resulting in
savings of $50,000 in the first year.
> Provided CEO with reports comparing factors affecting prices and
profitability of products. Explained monthly budget variances to CEO
and CFO. Interpreted and reported any discrepancies.
> Determined the best valuation methods to use for manufactured
products.
> Examined changes in Bill of Material, raw material and manufacturing
methods to determine effects on cost.
> Performed inventory control on a weekly basis. Implemented internal
controls to avoid surplus and inventory loss resulting in savings of
over $30,000. Coordinated with Inventory Control and Shipping
department to keep cost and quantity information up to date.
> Created new policies and procedures. Initiated new return policy,
directed improvement in terms and discount management, and obtained
lines of credit from existing and new vendors enhancing firm's cash
position.
> Directed work flow, supervised and trained accounting and
administrative staff performing postings to accounts receivable and
payable accounts.
> Responsible for bank, purchase order and inventory reconciliations
> Prepared payroll for employees and for all monthly, quarterly and
yearly payroll tax reports.
Education
SOUTHERN ILLINOIS UNIVERSITY, Carbondale, IL 1999-
2003
Bachelor of Science in Accounting
Technical Skills
Microsoft Excel, PowerPoint, Outlook, Access, MS Dynamics Great Plains, MAS
90 Manufacturing and Distribution Suite of Modules, Lawson, Business Works,
QuickBooks Premier edition 2010, 2011 and Quicken.[pic]