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Accounts Payable Financial Reporting

Location:
Macomb, MI
Posted:
December 18, 2023

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Resume:

Jeffrey Thomas Kraski, CMA

***** ****** *****

Macomb, MI 48042

586-***-**** ad12ih@r.postjobfree.com

QUALIFICATIONS SUMMARY

· Thirty years of diversified experience in all phases of accounting, finance, management control and

marketing with the ability to produce under pressure and respond to challenges with energy.

· Logical thinking, detail-oriented decision-maker, able to define and assess problem areas, develop and

execute appropriate action to maximize financial return.

· Skilled in the preparation and interpretation of financial statements, analysis, and forecasts. An astute

financial advisor in decision-making on the executive level.

· Assertive, results-driven achiever who possesses a strong motivation for success.

CAREER HIGHLIGHTS

BIG 3 PRECISION PRODUCTS, Chesterfield, MI 10/2021-Present

A Division of The Eastern Company

Division Controller

Responsible for financial reporting, forecasting, cost accounting and internal controls for six manufacturing plants with annual revenues of $85 million. Responsibilities include preparation and analysis of financial reports, accounts receivable, accounts payable, payroll, weekly and monthly forecasting, cash management, inventory analysis, support internal/external audits, implement internal controls and SOX compliance. Financial support to Division President, Plant General Managers and Sales Managers. Supervise staff of five. Implementation of Paycor payroll system.

US FARATHANE CORPORATION, Utica, Port Huron and Orion, MI 7/2013-10/2021

Regional Plant Controller

Oversee all financial reporting and cost accounting for three manufacturing plants totaling $200 million in annual revenue. Duties included: preparation and analysis of financial reports, inventory analysis/reconciliation and account analysis. Responsible for annual budget, monthly forecasting, product profitability analysis and BOM audits. Justify and approve capital requests. Financial support to Plant General Managers and Program Managers. Member of plant senior management team.

· Streamlined month end-close process reducing close by one day.

· Reduced scrap by $3,000 per month by reducing extrusion line length.

· Reduced overtime and saved $7,000 per month.

TI AUTOMOTIVE, INC., Marysville, MI 2/2013-6/2013

Plant Controller

Responsible for plant financial reporting, cost accounting, inventory analysis and account analysis.

CHAMPION BUS, INC., Imlay City, MI 6/2011-2/2013

Assistant Plant Controller

Performed all financial reporting, cost accounting and internal control functions for a $100 million facility. Responsibilities included: preparation and analysis of financial reports, month-end closing process, account analysis, inventory analysis, per unit cost analysis and forecasting. Assisted with all internal and external accounting audits. Reviewed all bid sheets and verified costing information was correct. Responsible for month-end and semi-annual inventory reconciliations.

· Created separate Profit and Loss Statements for two sections of the manufacturing process to better

understand costs and profitability.

· Improved cost of goods sold analysis to better understand per bus profitability.

· Streamlined the month-end closing process. Reduced the closing process by two days.

· Team member of lean manufacturing events. Reduced labor from 14% to 12%, $80,000 savings per month.

Jeffrey Thomas Kraski, CMA

Page Two

CAREER HIGHLIGHTS

BIG TIME, INC., Macomb, MI 2002-2011

Controller/Owner

Exercised overall management responsibility, providing leadership and expertise to plan, implement and evaluate policies and procedures to achieve operating efficiency, cost effectiveness, market growth and cash flow objectives. Formulated and administered budgets, analyzed expenditures and variances, prepared financial statements, monitored accounts payable/receivable, and managed all banking relations. Oversaw sales and marketing activities, purchasing of new equipment and directed all aspects of human resources.

· Increased total sales from $12,000 in 2002 to over $400,000 in 2008 and increased corporate business 50%.

· Responsible for hiring, supervising, and motivating staff of ten.

THE OAKWOOD GROUP, Dearborn, MI 2001-2004

Corporate Controller

Responsible for all accounting, financial reporting, and cost accounting functions. Duties included: analyses, job costing, budgeting, cash flow management, submitting reports to six automotive manufacturing divisions generating $50 million in annual sales. Maintained banking relationships, negotiated short-term financing to meet cash needs. Monitored accounts payable, payroll and timely collection of receivables. Supervised staff of six.

· Implemented a new overtime policy and reduced staff by five with annual cost savings of $180,000.

· Improved Days Sales Outstanding by 3.5 days.

· Developed preliminary standard cost system for three divisions.

· Initiated new Paychex payroll system saving $12,000 annually.

AMTEC PRECISION PRODUCTS, St. Clair Shores, MI 1998-2001

Plant Controller

Directed financial operations with responsibility for financial and management reporting functions for a $20 million, multi-plant division. Duties included preparation and analysis of financial reports, account analysis, product costing, supervising cash management activities, payroll, compliance reporting, preparation of division budgets and forecasts, ensured accuracy of quarterly inventory. Member of plant senior management team.

· Instrumental in development and implementation of turnaround strategy including reduction of plant

facilities, staff reduction and overhead cost cutting, realizing $750,000 in annual savings.

· Devised, established, and maintained effective internal control procedures.

· Developed and maintained corporate accounting systems, databases, and computerized programs.

· Assisted in the implementation of QS-9000.

ICI POLYURETHANES, Sterling Heights, MI 1995-1998

Financial Analyst

KMART CORPORATION, Troy, MI 1994-1995

Financial Analyst III

COMERICA BANK, Detroit, MI 1988-1994

Senior Financial Reporting Analyst

EDUCATION

WAYNE STATE UNIVERSITY

Master of Business Administration, 1993

WESTERN MICHIGAN UNIVERSITY

Bachelor of Business Administration, 1988



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