Controller, CPA, MBA

ERIC D. HERMAN, CPA, MBA, CGMA

* ********* ***, ********, ** 07834 * 973-***-**** * ***********@*****.***

PROFESSIONAL PROFILE

Controller for public and private companies in pharmaceutical, medical device and services industries

Big 4 experience

Created European Shared Service Center which centralized finance processes and decreased operating costs to “world class” levels

Led implementation of International Financial Reporting Standards, replacing U.S. GAAP

Led successful system migration from legacy Great Plains to ERP SAP system

PROFESSIONAL EXPERIENCE

Daiichi Sankyo, Parsippany, NJ 2004-2015

Controller, Senior Director (2013-2015)

Continued to hold overall responsibility for General Accounting, Statutory Financial Reporting. Added responsibilities for Management Reporting, Financial Planning & Analysis, Packaging Facility Finance and Accounting

Controller, Senior Director (2008-2013)

Continued to hold overall responsibility for General Accounting, Statutory Financial Reporting, Payroll, Accounts Payable, Accounts Receivable, T&E Policy and Reimbursement. Gained responsibility for Tax function

Controller, Director (2004-2008)

Overall responsibility for General Accounting, Statutory Financial Reporting, Payroll, Accounts Payable, Accounts Receivable, Travel and Entertainment Policy and Reimbursement. Directly manage 4 senior associates

Managed month-end closing, Statutory and Management reporting to parent company. Reduced closing by 4 days

Coordinated all tax related issues with Big 4 tax consultants. Directed the activities necessary for the accurate preparation and filing of all tax related returns/reports. Produced multi-million dollar tax savings

Negotiated 20% reduction in annual audit and review fees with Big 4 firm and 10% reduction in ADP fees

Managed the company's external audit activities with Big 4 firm. No items noted above posting threshold

Accounting/Finance lead for Daiichi during successful merger between Daiichi and Sankyo

Implemented 3-way match process for services and “best in class” travel and entertainment system, Concur, resulting in improved financial reporting accuracy and time savings throughout organization

Ensured integration of technology into day to day operations, including implemented ERP system, SAP

Ensured compliance with the company's internal controls, ethics policies, and Japanese Sarbanes Oxley

Created and fostered an environment that allows company Core Values to flourish and personnel to develop, resulting in promotions for 50% of staff

Weichert Relocation Resources, Morris Plains, NJ 2003-2004

Controller

Overall responsibility for Accounting/Finance function including Accounts Payable, Accounts Receivable, General Accounting, Financial Reporting, Cash Management, Expense Management and Resale Accounting

Directed annual budget process as well as monthly financial reporting to senior management

Directly managed 2 senior associates; overall departmental responsibility for 50 associates

Directed annual financial statement audit with Big 4 firm

CS Integrated LLC, Liberty Corner, NJ 2000-2003

Vice President-Finance (official CFO)

Corporate Controller (acting CFO)

Corporate Controller

Reported directly to Chief Executive Officer. Overall responsibility for Accounting/Finance including Accounts Payable, Accounts Receivable, General Accounting, Payroll, Financial Reporting, Risk Management and Treasury Management

Produced annual operating statement. Created monthly operating results narratives and analyses used by parent company when dealing with Wall Street analysts

Decision maker for all capital projects throughout the organization. Developed capital budget approval processes

Directed annual financial statement audit with Big 4 firm including preparation of annual Federal and State tax returns

Led financial due diligence process for organization, facilitating sale of entity to two buyers

ERIC D. HERMAN

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Becton Dickinson, Franklin Lakes, NJ 1990-2000

Investor Relations Manager (1998-2000)

Created quarterly analyst meeting speeches and slide presentations for the CEO and CFO

Created text for quarterly earnings results press releases, and coordinated supporting financial information

Prepared for and led face to face meetings with institutional investors

Maintained overall responsibility for the financial section of the annual report

Prepared and updated consolidated long-term financial statement modeling scenarios

Project Manager – European Finance Reengineering (1996- 1998)

(Meylan, France)

Chosen by CEO to create European Shared Service Center

Consolidated processes and decreased operating costs to “world class” levels

Developed proposals for reengineering of the three cycles (Expenditure, Revenue and General Accounting) included in the European Shared Service Center (S.S.C.) with consultants from Ernst & Young

Created work-shadowing program to facilitate employee training

Led site selection process, being instrumental in developing site criteria

Conducted presentations at the quarterly European Extended Finance Committee meetings

Manager of Treasury Analysis (1992-1996)

Planned world-wide short and long range financing requirements. Determined optimal stock repurchase amounts within context of debt-to-capitalization and earnings per share targets

Developed presentation packages to explain debt, investment and interest variances to senior management

Manager of Consolidations (1990-1992)

Directed monthly consolidation of actual financial statements, ensuring that the information presented is accurate and consistent with historical and budget data, and is in compliance with FASB, SEC, and U.S. GAAP

Directed the preparation and analysis of reports to management and the Board of Directors, quarterly press releases and numerous government reports including 10-Q and 10-K. Reviewed all such reports for FASB and SEC technical compliance

Materials Research Corporation, Orangeburg, NY 1987-1990

Senior Corporate Accountant

Coordinated and prepared reports to shareholders and SEC filings

Consolidated and reviewed monthly financial statement packages from European and Japanese subsidiaries

Reviewed FASB and SEC pronouncements, evaluating their impact on the company

PricewaterhouseCoopers, Hackensack, NJ 1984-1987

Seymour Kaplan C.P.A., New York, NY 1982-1984

Senior Accountant

EDUCATION

Iona College, New Rochelle, NY: M.B.A., Finance - Graduated with honors

Rutgers College, New Brunswick, NJ: B.A., Business Administration/Accounting

Professional & Licenses/Awards

Certified Public Accountant – State of New York - active

Iona College Graduate Departmental Award for Academic Excellence in Financial Management

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