Accounting Manager Accounts Receivable

Deborah L. Rummage

* *** ***** **. ********* #*11 . Elmhurst, IL 60126 630-***-****

**********@*****.***

CAREER SUMMARY

Management professional with substantial experience in developing strategic initiatives, analysis of financial statements, customer optimization, forecasting, budget management, cost reduction and problem solving. Experienced in risk assessment, brand analysis financial modeling, systems implementations and ad hoc reporting. Developed reporting and tracking methods to promote appropriate business decision making processes and ensure alignment to corporate strategies and goals.

PROFESSIONAL EXPERIENCE

Brucker Company, Elk Grove Village, IL September, 2023 – Current

Controller

Oversaw day-to-day A/P, billing activities and commission calculations of two Staff Accountants.

Responsible for daily and monthly cash reconciliation, Fixed Assets activities and assigned general month end close activities.

Tracked and recorded bi-weekly payroll and 401(k) contributions. Tracked and reported employee time off in a separate system.

Provided monthly detailed G&A Expense detail to upper management.

Reconciled Fixed Assets with external system on a monthly basis.

Responsible for billing small internal warehouse for customer pick up orders.

Complete other monthly reconciliations as assigned.

Created and implemented SOP’s for external payroll system mapping to GL, transition to new Fixed Asset system and check printing process

Work with external auditors, providing support as needed.

e3 Diagnostics, Inc., (US Business Unit of Demant, Denmark) Arlington Heights, IL August, 2022 – July, 2023

Corporate Controller

Responsible for running the entire Finance Dept. including Accounts Receivable, Accounts Payable, General Accounting and calculating quarterly commission payments for over 250 Sales Managers and Service Technicians.

Ensured monthly, quarterly, and year-end financials were accurately reported to Demant group finance in Denmark as well as to each Business Leader on a timely basis.

Developed penalty program for 30 branches responsibility for collection of past due Accounts Receivable in an attempt to reduce outstanding AR balance of over $30M at 6/30/22 back down to the $20M balance at 12/31/21.

Assisted in transitioning all finance functions from legacy homegrown ERP to MS Dynamics Navision ERP after almost two years of company utilization of both systems and multiple bank accounts.

Worked with Denmark IT to implement a Business Intelligence tool for field 30 Regional Sales Managers to manage their outstanding A/R balances.

Oversaw AR implementation of Happy Fox ticketing system for both field sales and customer inquiries.

Provided access to over 40 field administrators to bank portal to enable customer credit card processing to reduce the risk associated with e-mailing and faxing credit card numbers to Corporate.

Assisted with implementation of Sales Force, Magento and Ayden software including set up of interface with ERP.

Partnered with Global Tax and IT Departments to implement Vertex Tax software solution for Salesforce, Navision ERP and online customer supply ordering, Magento and Ayden software programs.

Responsible for 10 direct reports and up to 4 Temporary Employees.

Oversaw and managed external audit including first the time extensive internal control evaluation by new auditors.

Primary liaison with US Shared Services departments such as IT, Tax, Payroll, Treasury, etc.

Assisted in set up of new bank accounts at Nordea Bank based in Helsinki used by Demant’s global business units.

Weil-McLain, Burr Ridge, IL April, 2018 – June, 2022

Assistant Controller

Reporting to Controller, managed general ledger activity to ensure proper controls, timely preparation of reconciliations, and timely documentation and resolution of discrepancies.

Successfully implemented automated accounts receivable cash application software and upgraded JD Edwards ERP software.

Prepare and review monthly consolidated financial statements and reporting including reconciliations, cut-offs, flux and bridge analyses, reporting submissions to Corporate, and internal reporting to management.

Manage Payroll, AR and General Ledger accounting functions. Coach and mentor team leads for each area.

Assist in preparation of quarterly and annual SEC filings.

Direct and manage Sarbanes Oxley documentation, testing; oversee preparation of quarterly and annual federal and state tax packages, along with all other tax matters, such as sales & use tax filings and property tax.

Manage internal and external audits including the coordination of finance staff to prepare PBC list schedules, review schedules, organize and submit to auditors, and assist with management of audit visits.

Provide financial support including forecasting, budgeting, and analyzing variations from budget on a monthly and quarterly basis and in preparation for strategic 3 – 5 year plan.

Develop and implement training plans and process documentation to develop staff and ensure backups for all significant functions.

Provide technical accounting advice within area of expertise to functional or operational managers to develop revenue and expense budgets, understand financial reports, and manage their financial responsibilities.

Robert Half Management Resources - Contractor, Naperville, IL August, 2017 – April 2018

Illinois Health &Hospital Association - Manager Special Projects

Reporting to Controller as temporary contractor responsible for various ad hoc projects which have included:

Editing of financials and finalization of the audit of the company’s four benefit plans

Assistance in development of member dues for 2018

Various expense analysis including outside services by department

Assume responsibilities for grant budgets, filing reimbursement requests, attending appropriate meetings, etc.

Account reconciliations, internal reporting, other ad hoc projects

Access Media Holdings, LLC, Oak Brook, IL 2015 – June, 2017

Controller

Reporting to the CFO, responsible for all accounting and accounts receivable functions of a $50MM business.

Oversaw staff of 12 direct and indirect reports including A/P staff, receivables, collections and cash application.

Automated accounts receivable and accounts payable process resulting in a reduction of period close by 4 days.

Developed and published annual budget and monthly financial and cash forecasts; responsible for period end financials and led the year-end external audit.

Worked with CFO to establish opening balance sheet for newly formed entity after Title IX sale.

Developed and implemented new inventory processes and procedures resulting in reduction of inventory by almost 50%.

O’Hare Truck Services, Downers Grove, IL 2013 – 2015

VP Finance

Reporting to President and CEO of small family owned business managing all aspects of the company’s finances as well as certain HR & IT functions.

Implemented new digital dispatch software and hardware involving Dispatch, Drivers, Accounting and HR functions. Provided training to users and worked with vendor to troubleshoot implementation issues. As a result, automated billing for over 50% of revenue stream which reduced accounting workload and contributed to reduction of staff.

Developed business model for long/short term strategic planning, IT and Finance roadmaps, and succession planning.

Renegotiated contracts with major vendors including AT&T, Blue Cross Blue Shield; resulted in annual savings of 30%

Led IL State Sales Tax audit which resulted in minimal findings.

Developed tool for use in application of A/R which reduced paperwork and saved time for largest customer payments.

Worked closely with external tax accountant to provide accurate and timely records and documentation for appropriate tax filings of all entities.

ULTA Beauty, Bolingbrook, IL 2009 – 2013

Manager FP&A – Marketing

Reported to Finance Director with dotted line responsibility to Chief Marketing Officer, analyzing results of Retail Marketing tactics to ensure execution and alignment of strategic initiatives, communication of profitability metrics through scorecards & dashboards, budgeting and forecasting, development of financial models and KPIs to ensure profitability and alignment with company strategies.

Developed KPIs and scorecard for marketing tactics including new store openings in conjunction with appropriate business partners. Created metrics for individual events that incorporated influencing factors such as geographical markets, weather, advertising testing, etc. Worked closely with Chief Marketing Officer to create appropriate goals to help ensure success.

Created business process with Marketing partners for monthly planning and review of budget/forecast. Ensured alignment on strategic initiatives, costs and results of initiatives.

Lead Finance partner in development of new Loyalty Platform system. Assisted in development of ROI models and identified key metrics. Collaborated closely with lead partners from Loyalty, Accounting, IT, Legal, Customer Service, Merchandising, Store Operations, etc.

Initiated loyalty membership drive in conjunction with quarterly “Friends & Family” event that drove an incremental $1MM in sales and an additional 3% loyalty membership sign-up.

Developed and implemented model to plan media placement based on performance of subscription sales. Communicated results to Merchandising Teams/Finance to help ensure better traffic and sales/gross margin forecasts.

Analyzed and reported financial and other statistical results of all marketing tactics. Created, modeled, implemented and tracked various test offers throughout 500 store chain. Assessed and reported results of tactics to Executive Team.

Developed forecast model for coupon redemption including transaction count, sales, gross margin & loyalty member acquisition. Coordinated and integrated into overall company sales forecast and planning procedure.

Created and oversaw project plan for each major initiative. Ensured smooth integration with appropriate departments including Merchandising, IT, Store Operations, e-Commerce, and Loyalty.

Elkay Manufacturing Company, Oak Brook, IL 2006 – 2009

Business Unit FP&A Manager (2008 – 2009)

FP&A Manager (2006 – 2008)

Wilson Sporting Goods, Chicago, IL 1991 - 2006

FP&A Manager Sales and Marketing (1997-2006)

Controller (1995-1997)

Accounting Manager (1993 - 1995)

Accounting Sr. Supervisor (1991 - 1993)

AM International, Chicago, IL

Sr. Accountant

Deloitte, Chicago, IL

Sr. Auditor

Auditor

EDUCATION/CERTIFICATION

B.S. Accounting, University of Kentucky

CPA, State of Illinois

TECHNOLOGY

JD Edwards, Navision, BPC, NetSuite, Excel, Word, Power Point, QuickBooks, Hyperion, OneStream, Oracle PeopleSoft, Intelligent Receivables Cash Application

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