Controller

Terrance (Terry) E. McCartney, CPA

717-***-**** *********.***@*******.***

Experience Summary:

Financial Executive with diverse accounting knowledge gained in public and private industry. Ability to manage related business such as HR, Purchasing, IT/ERP systems. Adept at mentoring others and working with cross functional teams. Areas of knowledge include:

Product Line Margin Analysis

Streamlining Accounting Processes

Cash Management

Forecasting and Budgeting

Financial Planning & Analysis

Cost Accounting and Cost Reduction

Tax Planning

Capital Budgeting

PROFESSIONAL EXPERIENCE

Assurant Solutions (AIZ) Jan 2015 – present

Controller/Mgr, Accounting

Fortune 300 company providing repair services and supply chain management solutions to the wireless/mobile service industry.

Key contributions:

Reduced Merchantile tax by $600k and $700k for tax years 2014 and 2015, respectively

Investigated Inventory discrepancies to find PO receipt issues of $8.6M

Restuctured chart of accounts to improve analytics

Facilitate the standard costing system in Oracle implementation

Functions:

Manage the daily finance/accounting functions including monthly, quarterly and annual reporting

Assist internal and external auditors with their review of our business and transactions including SOX compliance

Cignet LLC dba Flight Systems Automotive Group Aug 2008 – Sep 2014

Director of Finance and Administration

Remanufacturer of electronic automotive parts and diesel truck fuel engine parts. Facilities in Lewisberry, PA and Fraser, MI.

Key Contributions:

Implemented inventory reduction plan leading to a 10% decrease in three months. Also, facilitated company-wide inventory cycle count process and successfully reduced inventory discrepancies from 5% to 1%

Reduced scrap from by 15% on 6.0L product line by facilitating the resourcing of materials and changing manufacturing processes

Recruited to modernize financial reporting and internal controls. Reduced month end closing cycle by 5 days, setup new metrics and financial ratios, formalized purchase order creation process, revised ERP/costing system for better efficiency and cost tracking

Upgraded IT infrastructure for Windows, ERP, SQL servers and VMware

Cost reduction plan and cash management strategies with customers and suppliers during the bankruptcies of Chrysler and GM.

Functions:

Monitor all aspects of ERP system and inventory management including standard costs, variance analysis, purchasing, expendable costs, bills of materials, routings, and process improvements

Margin analysis by product line and investigate unusual and unfavorable results

Leadership team member responsible for providing timely and accurate financial statements, budgets, forecasts, and ad hoc reports and analysis

Managed HR (2), IT (2), Purchasing (6) and ERP (2) functions

Corporate liaison with external parties including accounting firms, IRS, pension auditors, bankers, insurance brokers, customers, and suppliers

Souriau USA, Inc. (formerly FCI) May 2001 - Aug 2008

Controller

French-owned Aerospace, Defense, Heavy Industry and Industrial Equipment markets. Facilities in York, PA and Santiago, Dominican Republic (DR).

Key Contributions:

Advised project teams on the financial aspects of the make versus buy decision making process

Prepared cost reduction plan for consumables, negative variances and headcount

Assisted in due diligence for purchase of US MAI division of FCI to AXA Equity in 2003

Functions:

Budgeting, Rolling Forecasting and Three Year Business Plan

Supervise month end closing and general ledger reconciliations including International intra-co transactions – closing done in 3 days (including facility in DR)

Business P&L by product line and customer reviews

Review and analyze purchasing and manufacturing variances to inventory standard costs

Direct reports included 5 accounting staff (Sr Acct, Acctg specialist, AP coordinator, Cost Acct, Plant Controller in DR) including performance reviews and employment decisions

Tim-Bar Corporation Hanover, PA Feb 1995 - May 2001

Corporate Controller

Tim-Bar is a manufacturer of corrugated packaging product including shipping containers, POP displays and fulfillment needs. (approx. 15 divisions or subsidiaries from NY to FL)

Key Contributions:

Evaluated Mergers & Acquisitions ranging from $1m to $15m in revenue

Prepared an “Accounting Policies and Procedures Manual”

Reduced IRS audit findings by $100k through negotiations and documentation with Agent

Monitored job order cost analysis reports to ensure reasonable cost allocations for material, labor, overhead, sales and administrative costs.

Penn National Insurance Harrisburg, PA Nov 1993 - Feb 1995

Sr Financial Analyst PNI is a property and casualty insurance provider

McKonly & Asbury, LLP Camp Hill, PA Sep 1986 - Nov 1993

Manager Regional public accounting firm

EDUCATION

The Pennsylvania State University – University Park, PA B.S. degree in Accounting

Dale Carnegie Course Milliken’s Driving World Class Operational Excellence

CPE – 40 hours annually BlackLine Account Reconciliation

PROFFESSIONAL AND CIVIC ACTIVITIES

Certified Public Accountant – PA Member – AICPA, PICPA, FEI, BENG

MERA – CFO Council Past Treasurer – Red Land Little League, West Shore Area Jaycees

Manager/Coach – Little League, Teener, Legion, Travel baseball teams, basketball, tennis

SYSTEMS

Great Plains, C-Vision, Cognos, Epicor (Solarsoft), QAD MFGPRO, Hyperion, MS Dynamics

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