Sales Accounting

Fred Momayez

** ******* ****** #**

Watertown, MA 02472

Phone: 508-***-****

Email: *******@***.***

EXECUTIVE

SUMMARY: Excellent track record of providing creative and effective

business solutions to

financial and operational requirements of the business. Proven

experience and

direct contributions in the areas of:

* Cost Accounting * GAAP, FAR

* Budgeting & Forecasting * Inventory Control

* Systems Planning/Implementation

* Purchasing Control

* Operations Analysis * Strong Analytical Ability

SYSTEM

EXPERTISE: Software: MAS 200, FRx, Sympaq SQL, SBT, Solomon, Account

Mate, Made 2 Manage, FAS, Microsoft Office (Word, Excel).

WORK

EXPERIENCE: CONTROLLER

TEI Biosciences Inc/TEI Medical Inc.

(2007 - 2014)

Reporting to the Director of Accounting (CFO) and the

President. Managing and directing the Accounting Department of

two Entities with total sales of 65 M life science Manufacturers

and R&D Companies. Supervising AP, AR, Balance Sheet,

reconciliations and maintaining GL, preparing annual budget and

forecasting P&L and Cash flow On weekly basis, calculating

overhead rate, variances and commissions, annual insurance

negotiations and working directly with Ernst & Young Auditors.

MAJOR ACCOMPLISHMENTS:

. Changing financial reports using FRx to define a better

picture of the Company activities.

. Implementation of GAAP compliance.

. Created a financial model to forecast P&L and Cash flow for

the month on a weekly basis.

. Created a sophisticated all formulated spread sheet to

calculate commissions for over 170 sales reps on a monthly

and quarterly basis.

. Expedite closing procedure to generate monthly financials in

less than a week for both Companies.

CONTROLLER

Kazak Composites, Inc. Woburn, MA

(2005 - 2007)

Reporting to the President and CFO, managing and directing the

Accounting Department of this 17M R&D, engineering and

manufacturing of composites material/structure, multi location

government contractor. Supervising AP, AR, and inventory

account. Maintaining GL, project costing and cost analysis,

cash flow reporting, budgeting and forecasting. Working with

engineering department to streamline proposal procedures for

phaseI, phaseII, and commercial accounts. Working with DCAA and

DCMA auditors and managers to straightening out government

contracts, maintaining none disclosure agreements and patent

applications.

MAJOR ACCOMPLISHMENTS:

. Created accounting procedures to comply with FAR.

. Created complete compliance with Department of State to be

eligible for ITAR.

. Changed reporting function in SYMPAQ in order to reflect true

project costing.

. Implemented preliminary procedures for EVM (Earned Value

Management).

FINANCIAL CONSULTANT & TEMPORARY ASSIGNMENTS

(2004-2005)

. Tower Group - 20M Financial Research & Consulting Company

. Corteck - 10M Medical Device Manufacturer

. Apple Seed's - 300M Retail Women Clothing Company

. Bio-Key International - 60M Software Company

Heavy reconciliation of Balance Sheet accounts including Cash,

Investment

Acct. Inventory, Cost Accounting, Revenue Recognition, Fixed

Assets and

Depreciations, A/P, A/R, Sales Commission, Sales Taxes.

Involved deeply

with GL entries, adjusting entries, month end / year end closing

in all of the

above Companies, consulting to implement accounting software,

interact with

auditors to ensure smooth and more efficient audit process.

PRESIDENT/CONTROLLER

Solid State Testing, Inc. Burlington, MA

(1996-2004)

Managing and directing the accounting and administration of

this $8M manufacturing and testing electronic components Company

with the total of 42 personnel in two locations. Analyzing the

business, implementing standard cost system, arranging

Inventory and Capital Equipment accounts, suggesting short and

long term goals to the Board of Directors, direct interaction

with owners, running a critical cash flow situation on a day to

day basis, being directly involved with every accounting

personnel and insurance activities, directing the Company to

expand sales department and entering into the global market,

implementing stop loss programs, 401K and other personnel

benefit programs, suggesting new sales strategies and saving

plans in order to take the Company into the profit zone.

MAJOR ACCOMPLISHMENTS:

. Increase profitability by cost cutting recommendations.

. Changing accounting software to SBT in order to meet the

Company's operation needs.

. Implementing cost accounting using standard cost system and

calculating variances on a monthly basis.

. Creating a cost matrix (Excel program) for Sales Department

to quote customers instantaneously.

. Changing the Company's direction in sales as well as

manufacturing as a result of an effective cost accounting

system in order to become profitable.

CONTROLLER

Avant, Inc. Concord, MA

(1994-1996)

Reporting to the President, supervising a staff of 3, had complete

responsibility

and authority to handle all financial and accounting including A/P,

A/R, maintain

General Ledger, risk management and administration for this $5M

manufacturer

and distributor of Laminators, Plastic Pouches and Electronic

Imaging Systems.

MAJOR ACCOMPLISHMENTS:

. Redesigned the cost system and financial reports.

. Prepared annual and monthly budgets and cash forecast.

. Managed the cash flow and investment accounts.

. Coordinated, controlled and monitored Massachusetts Driving

License contract, efficient enough to win the Golden Vendor

Prize.

CONTROLLER

TGM Detectors, Inc. Waltham, MA

(1987-1994)

Reported to the President, supervised a staff of 2, was responsible

for all financial

and accounting of this $4M manufacturing subsidiary of Morgan

Crucible

(publicly traded UK Holding Co). The Company manufactured

sophisticated

Radiation detection devices. I also had dotted line reporting

responsibility to the

US group controller which involved converting the US based

accounting system

to the UK standard for parent company, reporting on a monthly

basis.

MAJOR ACCOMPLISHMENTS:

. Computerized the accounting system utilizing Solomon

software.

. Created an effective cost accounting system and calculated

variances.

. Directed the purchasing and stock room departments to reduce

inventory.

. Implemented cost reduction projects in administration as well

as manufacturing.

. Prepared Board of Directors report and minutes.

. Prepared two-year operating and financial budget forecast and

monitored expenses not to exceed the budget level.

EDUCATION: GANNON UNIVERSITY, Erie, PA

Master of Business Administration (MBA)

INTERNATIONAL ACADEMY OF ADVANCED ACCOUNTING

Bachelor's Degree in Cost Accounting (BS)

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