RICHARD D. HILTON

Kernersville, NC 336-***-**** adiv6e@r.postjobfree.com

ACCOUNTANT - SR. ANALYST - NETWORK ANALYST- ASSISTANT CONTROLLER

Experienced financial professional with combined extensive exposure in financial analysis and accounting. Possesses a meticulous nature that emphasizes attention to detail with a strong work ethic. Determined and capable to step in handling forecasting, GAAP, reconciliations, month-end close and comprehensive analysis. Works diligently to perform beyond expectations and is adaptable in learning and retaining information to become an integral part of an organization.

PROFESSIONAL EXPERIENCE

Transource Truck and Trailer – Colfax, NC August 2020 – Present

Assistant Controller (CONTRACT)

Focus includes implementing processes to improve Accounts Payable department that serves as the shared service department for over 10 dealerships.

Handled hiring process of a temporary employee to assist in catching up all payables, many of which were grossly past due. Credit Holds have ceased since and past dues have been greatly reduced.

Supervisor for Accounts Payable and Receivable, reporting directly to CFO.

Implementing paperless Accounts Payable processes for all locations by providing a central digital shared location A/P.

Evaluates performance measures of A/P employees to hold them accountable for work assigned and completed.

Reports monthly on the progress to the CFO and upper-level management.

Volvo and Mack Trucks – Greensboro, NC 2004 – 2020

Dealer Development Network Analyst 2015 – 2020

Maximized opportunities for Volvo Group dealers by carefully analyzing all aspects of dealer performance. Dealer’s used comprehensive analysis to make more informed decisions in truck sales, which resulted in higher parts sales, and improved financials for dealers.

Forecasted budgets for the group: Consistently kept group under budget which enabled additional funds to be used for improvement projects.

Vigilantly monitored dealer loans: monitor the financial performance set forth in the contract, specifically in relation to forgiving or charging yearly amount based on actual performance against required financial objectives.

Improved dealer network through creating financial analysis and presentations that assisted senior. management and legal department in making informed decisions, including market share analysis.

Facilitated in dealer startups in buy/sells or for new dealers, specifically dealing with implementing effective financial transaction systems. Responsibilities included ensuring all systems (warranty, sales, parts, and financial) were operational and all employees had systems’ access they need to begin work opening day of dealership.

Developed fixed operations comprehensive analysis for dealers struggling to maximize absorption levels and increase cash flow. Resulted in participating dealers increasing absorption of 3-5%, culminating in thousands (monthly) to dealer’s bottom line.

Senior Financial Analyst 2008 – 2015

Forecasted truck financials being built throughout the year. Data served as a guide as to Mack and Volvo’s ability to take truck deals with less than favorable profit to buy market share.

Forecasted department expenses for Mack and Volvo trucks sales and marketing groups, providing groups analysis to show how funds could be more appropriately allocated to improvement projects.

Implemented, created, and distributed monthly Profit & Loss reports for the regions, showing them how each region was performing and where improvement was needed.

Ensured trucks in dealer inventory had enough accrual to cover actual secondaries issued to the dealers by managing accrual accounts for truck sales (ex. sales assistance accrual). Process saved company time in decision making and money by providing accurate financials.

Essential in creating requested ad hoc reports to improve market shares and support the needs of the truck sales, marketing, and executive teams.

Identified discrepancies and incorrect billings through performing audits of actual truck sales to ensure billing correctness (correct concession). Disparities in incorrect billings or double billings were communicated with billing department to correct. Rectifying the entries saved both Mack and Volvo thousands of dollars, giving them accurate data to make better financial decisions for future business.

Senior Accountant 2007 – 2008

Guaranteed cost effectiveness by setting up accruals and monitoring expenses for relocation of current employees and new hires.

Audited accruals and expenses for the company’s insurance (Workman’s comp, Liability, etc.). Analyzed the budgeted insurance amounts to actual premiums and adjusted accordingly to improve budgeting process.

Audited accruals and actual expenses for all truck warranty. Made monthly adjusting entries to ensure warranty was accrued to cover future costs. Audited warranty entries and made corrections, which saved the company money by reversing incorrect or double entries.

Accountant 2004 – 2007

Examined and issued daily sales and gross profit report for VTNA (Volvo Trucks North America) and NRV (New River Valley).

Audited miscellaneous truck and parts entries, correcting incorrect entries to truck financials, which slashed potential financial loss dramatically.

Optimized monthly reconciling and clearing of general ledger accounts.

Issued wear and tear report and recorded monthly depreciation entries of marketing, sales, and service training trucks.

Collaborated weekly with VTNA sales and marketing business control team to ensure all truck entries were processed.

Poly Pride, A Division of Sealed Air Corporation – High Point, NC 1994 – 2004

Shift Supervisor and Manufacturing

Supervised third shift from 1999-2001, leading and monitoring a team in manufacturing.

Manipulated bubble wrap/plastics production machinery.

Competently implemented shipping and receiving processes.

TECHNICAL SKILLS

Essbase, SAP, Access, (Building reports, macros) Business Objects, Power BI, Excel (Pivot Tables, Vlookups, Nesting “if” statements).

EDUCATION & CERTIFICATIONS

Bachelor of Science, Accounting, High Point University – High Point, NC

Certification, American Truck Dealer Academy (NADA), Tyson’s Corner, VA

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