Stanimir (Stan) Karapchanski, MBA

Woburn, MA **801● 339-***-**** ● www.linkedin.com/in/Stanimir72 ● adhoff@r.postjobfree.com

Senior Accountant/Assistant Controller with significant experience in managing accounting staff within biotechnology, healthcare solutions, retail intelligence, wealth management, insurance and pension industries, asset management, information technology, software/applicant tracking, and the professional services/advertising sector. Consistently meet stringent deadlines while delivering quality (error-free) work. Successful track record of reducing company expenses, improving internal procedures, and enhancing team performance and productivity. Strong problem solving and analytical skills

CORE COMPETENCIES

• Financial analysis and statements • Budgeting and Forecasting • Monthly close process and cash

• Reporting Tool Development • Project Management & audits • Integrations, implementations

• Cost Control/Savings • Strategic Planning • Expense accounts analysis

• BS Reconciliation • Vendor Negotiations • Manage full cycle payroll

PROFESSIONAL EXPERIENCE

Glaukos Corp. (Avedro) – Waltham, MA Mar 2020 – Oct 2020

Sr. Accountant – Contract assignment thru Ledgent Group

Maintained and updated chart of accounts, bookkeeping policies, month-end close using Great Plains (accruals, prepaid expenses, fixed assets, inventory, legal expenses, stakeholders’ shares, bank reconciliations, etc.)

Budgeting and forecasting; FP&A; manage AP, AR, Inventory, Sales Orders, Invoicing, Holds, etc.

Expense accounts analysis – weekly, quarterly and monthly; manage commissions process and sales order process

Prepared financial statements - P&L, Balance sheet, statement of cash flow

Balance sheet reconciliation and analysis; GL adjustments

Revenue recognition process

Charles River Development Inc. /State Street Corporation – Burlington, MA Jan 2019 – Mar 2020

Sr. Accountant – Contract assignment thru Stone Staffing

Maintained and updated chart of accounts, equity ledger, bookkeeping policies, month-end close using Great Plains (accruals, prepaid expenses, fixed assets, legal expenses, bank reconciliations, intercompany transactions, etc.)

Preparation and implementation of the audits

Expense accounts analysis – weekly, quarterly and monthly; manage commissions process

Prepared financial statements - P&L, Balance sheet, statement of cash flow

Balance sheet reconciliation and analysis; GL adjustments

Managed and executed Accounts Payable and AR

Revenue recognition process

Markforged Inc. – Watertown, MA Jul 2018 – Jan 2019

Sr. Accountant – Contract assignment thru Stone Staffing

Maintained and updated chart of accounts, equity ledger, bookkeeping policies, month-end close using QuickBooks Cloud (accruals, prepaid expenses, fixed assets, inventory, legal expenses, stakeholders shares, bank reconciliations, etc.) – State Street and Glaukos

Successfully implemented two systems – Namely payroll and Sage X3

Managed Payroll thru Paychex Flex and Namely – hourly, salary and international, including commissions and expense reports for over 240 employees and all adjustments;

Balance sheet reconciliation and analysis; GL adjustments

Revenue recognition process

Stanimir (Stan) Karapchanski, MBA page 2

480 Biomedical, Inc. /Lyra Therapeutics - Watertown, MA 2011 - 2017

Senior Accountant – Full-time employee

A Life Sciences Medical Device biotech company with an engine to develop localized pro-healing therapies with low-risk, known regulatory pathways to market

Solely responsible for month end close, including balance sheet, cash flow, and income statement

Cut the auditing and processing time in half by leading and streamlining the year-end audit and schedule preparation process

Responsible for financial statement preparation using Quick Books Pro (14+ years of experience), as well as preparation and documentation of schedules for annual audit; GL reconciliation, allocation of the projects

Decreased monthly closing time from 4 to 2 weeks through excel preparation and data analysis & schedules

Analyzed and compared monthly financial data; budgeted and forecasted all projects; expense accounts analysis

Consistently closed monthly accounts on time by successfully managing fixed assets, FS, HRA, AMEX

cards, intercompany bills, BOA accounts, accrued expenses, prepaid expenses, all required journal entries, etc.

Managed and executed Accounts Payable (100-150 weekly invoices) and Receivables, including government-detailed billing and met federal and state guidelines using related Excel sheets; processed effectively bi-weekly payroll and travel expenses (ADP Payroll – Workforce Now)

Created successful relationship with the vendors in order to decrease the prices and improve the delivery time

Employer Advantage Group, LLC - Newton, MA 2007 – 2011

Finance and Accounting Manager – Full-time employee

A healthcare and payroll solutions broker and service company providing strategic solutions to employers and business partners.

Managed over 500 accounts receivable and payable accounts; worked directly with the CFO for closing months and preparing the yearly audit and SAS-70

Executed bi-monthly payroll through Solex, Paychex & Complete Payroll Solutions for all full time and hourly employees and prepared and paid all agents’ commissions; Decreased company (TPA) expenses with 45%

Responsible for financial statement preparation and solely responsible for month end close

Oversaw and managed all accounts payable, including over 175 regular and medical vendors

Led 12 financial and customer support professionals and oversaw all financial procedures, including cash management and managerial reports using Crystal Reports – Impact data base

Implemented reconciliation of all 122 bank accounts for month-end close using Quick Books Pro

SPECIAL PROJECT – IRS – ANDOVER, MA - Full-time employee Jan. 2006 – May 2006

Senior Data Analyst - IRS, Andover, MA - Selected from a large pool of applicants to perform highly confidential work including locating, identifying, and correcting data on standard tax returns; took appropriate action to resolve the tax problems and issues

EDUCATION, CERTIFICATIONS & TECHNICAL SKILLS

Bentley University Graduate School of Business - Waltham, MA

Master of Business Administration (MBA) Concentrations: Leadership and Accounting; 2018

Middlesex Community College – Bedford, MA, 2005, Dean’s List – twice

Associate in Science in Business Administration Emphasis: Accounting & Finance 2005

University of Economics – Varna, Bulgaria, EU,

MBA, Focus on: Accounting and Finance 1999

Federal and State Tax Certificate - H&R Block 2006

Proficient in Quick Books Pro and Cloud (14+ years), Great Plains (4+ years), Implementations, Integration Manager, Report Designer, Intacct, Computron, Chameleon; Bill.com, Expensify, HubSpot, MAC apps, MS Excel (VLOOKUP, Pivot Tables, SUMIF, etc.), Crystal Reports, TriNet, CPS, ADP Workforce Now, ADP Expert, Paychex, Namely, Solex, Sage X3, Egnyte, Carta, SAP Concur, Oanda; financial reporting and analysis, cash flow analysis, month-end close (bank reconciliation, credit cards, accruals, prepaid expenses, fixed assets), team building, budgeting, allocation, forecasting, audits, sales orders, inventory, holds

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