Simon Ordever, ACMA

PROJECT EXPERIENCE: DLC Present

Union Tank Car Company, Alexandria Louisiana (part of Marmon Holdings)

Reporting directly to the Director of Accounting as Interim Financial Controller.

Hands on 2-day month - end close.

Fixed Asset audit

Process mapping to prepare for implementation of new ERP software

Improved BOM creation procedures

Year-end “cost roll”

Bentley Prince Street, Los Angeles, CA

Reporting directly to the CFO, replaced the previous Cost Accounting Manager, processing the month end General ledger regarding inventory valuation, determining Q2 manufacturing variances and the analysis thereof.

Observed Bentley’s sub contractors’ quarter end physical count, auditing its accuracy.

Created a SKU-by-SKU comparison of the physical inventory and Bentley’s recording of the offsite inventory.

Journalized the adverse variance arising from the sub contactor’s physical count.

Calculated the provision needed to cover the slow moving and obsolescent inventory.

Improved the daily cycle counting [procedure and the analysis of variances thereof.

Sterling Premier Meat, Los Angeles, CA

Reporting directly to the CFO, using a hands-on approach, a new cost model for the Poultry department, with emphasis on on-site observations of operations and manufacturing overhead allocation.

Polymer Solutions Group, Cleveland, OH

As Cost and Inventory Control Consultant, solved client’s exceptional adverse inventory variances resulting from audited physical counts.

Created daily cycle count routines at the groups manufacturing sites.

Using visuals in the warehouse, implemented Lean manufacturing/accounting techniques.

Advised on correct WIP valuations, raw material issues and staging processes.

Devised new receipts from vendors SOPs.

Heartland Home Services, Inc. Akron, OH

Assisted the Financial Controller with group bank reconciliation.

PROFESSIONAL EXPERIENCE PRIOR TO DLC:

O’Neil Data Systems, Los Angeles

Consultant, Cost Analyst

Reporting directly to the CFO, using a hands-on approach I am currently building cost models for finished SKUs in order to facilitate better pricing and more accurate gross margin analysis.

MM Enterprises USA LLC – “MedMen,” Culver City

Director, Cost Accounting

Cannabis retailer with operations across the U.S. and flagship stores in Los Angeles, Las Vegas, Florida, and New York, helping define the future of cannabis.

Having audited each facility and collected operational data to determine costs of business activity (raw material purchases, inventory, and labor) I accomplished the creation (and maintenance) of a standard costs system (incl BOMs, routers) to accurately value the inventory at each stage in the value stream.

Defined methods to analyze production variances, provided insight into inventory cost fluctuations (both at the facility, wholesale business/retail store level).

Monitored, analyzed, and reported on cost trends of inventory and raw materials to interpret overall cost of goods sold and margin variations and prepare periodic reports comparing standard costs to actual production costs. Initiated GAAP compliant ‘inventory true up’ methods. Ensured compliance with Sec. 280e.

Review of invoice approval and coding methods, including vendor payments and uniformity with product costings.

Preparation of month-end/year-end reports/schedules including inventory reconciliations, journal entries, cost of goods sold analysis, inventory on hand reports, etc.

Participation in audited physical inventory count activities and year end audit.

New Hampshire Ball Bearings (NHBB), Chatsworth, CA

Senior Cost Accountant

Responsible for the day-to-day control of all aspects of Inventory, Product Costings, Bills of Materials, Manufacturing Routings, Labor Efficiencies, Machine Utilization, Scrap reduction and Margin analysis.

Corporate responsibility for Dept. of Defense compliance.

Maintain accurate cost of goods sold accounting.

Expertise gained in the Federal Acquisition Regulations (FAR) Cost Accounting Standards (CAS) process.

Experience gained in the "flow down" process as a DoD. Sub-contractor (from prime contractors including Lockheed Martin and Woodward HRT (Boeing).

Experienced being audited as a "modified CAS covered" defense contractor.

The Coffee Bean & Tea Leaf, Los Angeles, CA

Senior Cost Accountant

Based at their coffee roasting and tea blending plant in Camarillo, my experience included:

Improvement of Inventory Control at the 200 domestic retail stores.

Accounting for Inventory in the SE Asian stores.

Initiation and implementation of new system to account for waste at the retail stores reducing inventory write offs.

The setting up of a full set of monthly reporting schedules within a tightly published timetable.

Developing a full set of monthly Cost of Sales/Margin analysis within the published timetable.

The setting up of a new Labor Utilization and Rate analysis system.

Introduction of new ways to determine Packaging scrap and to reduce it.

Assistance in preparing the 2015 budgeted Labor and Overhead Absorption Rates.

Assistance in preparing data for Supply Chain Director’s bi-annual pricing decisions.

G.Z. Industries Ltd., Lagos, Nigeria

Financial Controller

A $50m two-year old manufacturer of aluminum cans for the beverage industry. A licensee for Rexam plc’s technology. Major clients include Heineken, Guinness, and Coca Cola.

Managed the implementation of SAP Business One, MRP/Accounting software and built a new SAP Fixed Asset register, reconciling it with the G.L.

Assisted in the negotiation of all the company’s Long-Term financing and managed Treasury.

Initiated and managed Inventory Controls systems throughout the supply chain.

Managed A/R (credit control), ensuring timely collections and positive cash flow.

Created new Product Costings and developed all Variance Analyses.

Set up and operated all the organization’s monthly/quarterly GAAP compliant financial reporting systems.

Developed budgets for all Cost Centers and Overhead Departments.

Ashtrom International, West Africa

Financial Controller

A large international construction company projects in Europe, Caribbean, and Africa.

Managed team of accountants located at various projects throughout Nigeria and Mali.

Controlled each project as a business unit, with Profit and Loss responsibility.

Prepared monthly project progress statements including cash flows and cash forecasts.

Created and ran new fixed assets register.

Managed the Supply chain, ensuring timely vendor deliveries to sites.

The Shalem Center, Jerusalem, Israel

Controller

A US based “Not for Profit” think tank and publisher, specializing in archeological excavations and publishing of books on political thought.

Prepared all the requirements for 501(c) reporting to IRS.

Created a budget for each project.

Created a monthly cost and expense report by project.

Conducted audit of internal control procedures.

American Safety Razor (Personna), Virginia

Financial Controller

A NASDAQ listed corporation (at the time), I was brought in to restructure their newly acquired subsidiary in Nazareth, Israel.

Created and ran a GAAP compliant monthly financial reporting system.

Devised and implemented a new Product costing system.

Initiated and built new efficiency measurement systems.

Built new scrap measurement system.

Trained by Japanese consultant in Toyota Lean management and accounting methods.

Attended quarterly management meetings with Controllers from other ASR locations to report to Board of Directors on financial matters.

Managed the implementation of MFG Pro (QAD) ERP/accounting software.

Managed inter - company Pricing/International taxation issues.

Ran employee benefits/compensation systems.

EDUCATION & CREDENTIALS:

The Hebrew University of Jerusalem, Israel

B. A. - International Relations/Political Science

Chartered Institute of Management Accountants (UK)

Chartered Global Management Accountant

SYSTEMS & SOFTWARE:

Proficient in Microsoft Dynamics Nav, SAP One, QuickBooks, QAD

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