Accounts Payable Accounting

JOHN D. WANDZILAK

SUMMARY

Extensive experience in the design and management of corporate accounting, financial reporting, budgeting and MIS systems. Successful in developing strategies to control costs and improve profitability. Combination of strong planning, administrative, technical and team-building skills. M. B. A. degree.

PROFESSIONAL EXPERIENCE

2001 – 2007 The Ocean County Utilities Authority Bayville, NJ

Manager – Management and Budget

Total management and oversight of all Authority financial activities that include:

Banking activities.

Arbitrage compliance.

Developed and administered annual operating and capital budgets.

Developed and coordinated Strategic Finance Plan supporting the Capital Improvement Program.

Managed debt activities; coordinated with the Financial Advisor and Bond Council on any refinancing and issuance of new debt.

Administered Federal and State grants and loans programs.

Coordinated annual preparation of data and information used to determine Bulk Rate.

Managed all purchasing activities.

Administered Fixed Asset Management System.

Managed insurance program.

Coordinated issuance of Annual Charge billings to Authority participants and other service charge billings.

Managed GASB 34 compliance project.

Coordinated M & B’s implementation of MYSAP 2004.

Managed Payroll department.

Developed Actual vs Budget forecasts for all Authority Directors.

Key Accomplishments

Delivered the Authority’s first-ever Annual Audit Report without any negative findings or suggestions.

Coordinated and instituted an annual physical inventory for all 3 treatment plants realizing a savings of approximately $300,000. Prior to my employment, no physical inventory had ever taken place.

Implemented GASB 34 and achieved compliance (MD&A and financial statement changes).

Consolidated Management and Budget department to institute standard procedures and reduce redundant work efforts.

Appointed as the Authority’s PACO (Public Agency Compliance Officer) for all capital improvement projects.

Instituted weekly Management and Budget department meetings and issued weekly status reports for review by the Executive Director.

Coordinated two bond refinancings with the Financial Advisor and Bond Council resulting in a NPV (Net Present Value) savings of approximately $5 million.

Instituted Electronic Document Management System (EDMS) used by the Management and Budget department.

1988–2001 Jobin Yvon, Inc. Edison, NJ

Assistant Controller

Senior accounting professional for a $40 million subsidiary of an international organization, reporting directly to the Controller. Responsibilities included:

Controlled and maintained general ledger.

Designed and maintained all corporate financial statements.

Managed accounts payable, accounts receivable, fixed assets, payroll and collection functions.

Forecasted and prepared budget.

Managed cash management and banking functions.

Prepared financial documents for external audit review.

Interim Controller during extended Controller absence – reported directly to the company president.

Key Accomplishments

Designed and programmed multiple financial statements (30 departments, 5 companies and 7 product lines) that replaced a single corporate financial statement – dramatically enhanced financial analysis capabilities and facilitated key business decisions.

Recouped $300,000 in expenses through an in-depth analysis of accounts payable, which uncovered numerous inappropriate liabilities.

Realized $50,000 in annual interest income from overnight and long-term cash investments.

Established written Accounting department policies and procedures in a comprehensive manual.

Saved over $10,000 in annual payroll processing costs by spear-heading the transition to a company-wide biweekly payroll process – upgraded DOS system to a Windows environment.

Formulated the company’s first-ever chart of accounts listing for management and staff.

Collaborated with the MIS department in developing and introducing an automated system for making standard journal entries to the general ledger, which saved time and increased accuracy.

Directed and led Accounting department during a J.D. Edwards ERP software implementation as designated Financial Representative member of the Software Implementation Committee.

Realized $150,000 in gains on foreign currency transactions through timely payment of foreign exchange invoices to vendors.

Restructured the Accounting department following the sale of several product lines to maintain department productivity (despite significant staff reductions).

1976–1987 Johns Manville Corporation Edison, NJ

Senior Staff Accountant

Analyzed and controlled a $3 million Accounts Payable budget and a

$1 million Payroll budget.

Designed and maintained the entire capital expenditure program.

Played a key role in the transition to a computerized accounting system and entered data into the new fixed asset system.

Gained extensive knowledge of the complete business accounting cycle and exposure to all key corporate accounting functions.

SKILLS

Lotus 1-2-3

Lotus Notes

Microsoft Office (Word, Excel, PowerPoint, etc.)

Microsoft Outlook

J.D. Edwards ERP

SAP (R/3) and MYSAP 2004

ADP PC Payroll

EDUCATION

1988 Monmouth University West Long Branch, NJ

M.B.A., Marketing and Economics

Graduated Delta Mu Delta –National Honor Society (Business Admin.)

1976 Rutgers University New Brunswick, NJ

B.A., Business Administration

1974 Middlesex County College Edison, NJ

A.A.S., Accounting

REFERENCES

Available upon request.

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