Sales Manager

**** **** ****, ***** **** IL *****

Home Cell 708-***-**** acv47t@r.postjobfree.com

Joseph DeLorenzo

Objective

Diligent adherence to dead-lines, goals and objectives (both personally and professionally) to obtain knowledge which improves performance while increasing proficiency.

Experience

12/2014 – 05/2016 HN Precision (75M Sales)

Senior Cost Accountant

Assist preparing weekly metrics financial package for the Director of Finance / President / VP of Operations.

Prepare Inventory and Cost of Goods sold reconciliation for monthly / yearly close

Accounting liaison for monthly, quarterly and yearly physical inventories and provided all of the results including variance analysis for two facilities.

Helped reduce physical inventory variance from $225K to $25K by analyzing which materials were causing the variances and correcting BOM / routing and scrap issues.

Collaborate with production managers to reconcile work order variances

Reduced unknown variances from $100K per month to $1K per by identifying material substitution issues and scrap issues that previously were not recorded

Created a payroll journal entry template that reduced the entry from a 4 hr. event into a 5 min. task

Re-mapped the entire set of payroll accounts (DL, IL, Eng., and SGA) to bucket expenses and accruals properly

Created new BOM’s and Routings for half of the items in the Item Master

Rolled the yearly costs

Identified incorrect journal entries overstating WIP value by 600K.

Serve as super user to JD Edwards.

Hosted training classes for engineering and production to correctly create BOM’s and routing structures.

Identified and corrected mistakes in the Item Master that caused posting errors to journal entries and item costs roll errors

Identified AAI’s (Advanced Accounting Instructions) that were either not created or not plugged in correctly

Created / adjusted AAI’s to group material and outside processing from scrap into one account and labor and overhead into another account

05/2014 – 12/2014 CF Industries Inc. (6.5B Sales)

Senior Cost Accountant

Assist preparing monthly financial package for the Plant/Cost Accounting Manager

Prepare Gross Margin Analysis for upper management

Prepare Inventory and Cost of Goods sold reconciliation for monthly, quarterly and yearly close

Review Account Reconciliations and Inventory write-off schedules

Reconcile and prepare account reconciliations for freight and distribution facility accruals

Review and Prepare the Inventory shrink reserve schedule and entry including companywide Gain/Loss schedules for sign off by upper management

Prepare monthly, quarterly and yearly standard / non-standard journal entries for the Cost Accounting department

Assist in the quarterly Cost roll process

11/2013 – 05/2014 RTC Industries Inc. (220M Sales) “Contractual” Rolling Meadows, IL

Cost Accounting Manager

Refined the Cycle Count program focusing on key inventories not being counted timely increasing the coverage percentage from 80% to 95.6%

Prepared the Audit package for Inventory including variance capitalization schedule

Material Variances review (PPV,IPV, WIP, Inventory inaccuracies)

Identified excessive outbound freight accrual of $400K

02/2013 – 09/2013 D&W Fine Pack (500M Sales) Elk Grove Village, IL

Plant Controller / Corporate Cost Accountant

Prepare monthly financial package for the corporate controller

Review operational results with the plant manager regularly

Oversee and manage the general ledger activity

Advise management on desirable operational adjustments

Institution of policies and procedures relating to good business practices

Pro Forma costing for Bids and Tenders

Oversee new product implementation (profit models, costing, part building, BOM structure, pricing, ROI calculations)

Margin and profitability analysis (customer and product specific)

Month/Year end inventory valuation and analysis

Month/Year end closing journal entries for production related activities

Standard Cost development and system maintenance

Balance sheet reconciliations

Variance analysis for profits and losses based on past, present and expected results

Intercompany price modeling

11/2009 – 02/2013 Crescent Cardboard (50M Sales) Wheeling, IL

Cost Accounting Manager

Revamped and prepared LIFO schedule for year-end close

Budget preparation for sales and cost of goods related expenses

Institution of policies and procedures relating to good business practices

Pro Forma costing for Bids and Tenders

New product implementation (costing, part building, BOM structure, pricing, ROI calculations)

Margin and profitability analysis (customer and product specific)

Month/Year end inventory valuation and analysis

Month/Year end closing journal entries for production related activities

Standard Cost development and system maintenance

Material Variances (PPV,IPV, WIP, Inventory inaccuracies)

Intercompany price modeling

1/2009 – 9/2009 Freudenberg Household Products (115M Sales) Northlake, IL

Senior Cost Analyst

Operational budget and forecasting support.

Pro Forma costing for Bids and Tenders.

Month/Year end inventory valuation and analysis

Month/Year end closing journal entries

Direct yearly Physical Inventory

Standard Cost development and system maintenance

Material Variances (PPV,IPV, WIP, Inventory inaccuracies)

Labor Variances (rate discrepancies, methods variances, labor overages reported on jobs)

Overhead Variances (under/over absorption)

Assist with special projects related to financial reporting and financial analysis

9/2007-12/2008 Quality Control Corp. (32M Sales) Harwood Heights, IL

Senior Financial Analyst

Obsolete and Slow Moving Inventory based upon usage reports and understanding of business cycles which led to a complete overhaul of the pricing structure.

Developed and implemented processes and procedures saving the company $75,000 due to improper quoting of orphan products.

Generated $150,000 of revenue by identifying surcharges not factored into our current costing models.

Pro Forma costing for Bids and Tenders.

Month/Year end inventory valuation and analysis

Month/Year end closing journal entries

Direct yearly Physical Inventory

Budgeting (COGS, tooling, production related supplies, lubricants)

Standard Cost development and system maintenance

Material Variances (PPV,IPV, WIP, Inventory inaccuracies)

Labor Variances (rate discrepancies, labor overages reported on jobs)

Overhead Variances (under/over absorption)

Education

1992-1996 De Vry University Chicago, IL

B.A., Accounting.

Deans List, Accounting Society Treasurer

Systems & Software

ERP Systems (Oracle, SAP, JD Edwards, MAS 200, Vantage, M2M) Oracle Financials, MS Office highly proficient, extensive database query writing experience. Adjusting advanced accounting instructions (AAI’s) to correct the bucketing of general ledger transactions by updating transaction codes or creating new transaction codes linking the transaction codes to specific general ledger accounts including the creation of new general ledger accounts for branch and corporate levels. Directly involved with the implementation of the Oracle ERP system at Midland Manufacturing focused on manufacturing transactions including the creation of BOM, routings, work centers, insuring the correct recording of transactions.

Other Skills

Certified ISO 9001 : 2000 internal auditor, Green Belt training for 6 Sigma

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