JOHN HUGH SMITH

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

Yonkers, NY *0705

(914) 969 - 2106

adk76h@r.postjobfree.com

SUMMARY

SENIOR FINANCE/ACCOUNTING PROFESSIONAL with extensive experience in Budgeting, International Corporate Finance, Treasury Operations, Accounting and Automated Financial Reporting Systems. Areas of expertise include: Financial Reporting and Analysis, Management of Operating Budgets, Allocation, Consolidations and Excellent Administrative and Negotiating skills.

EXPERIENCE

JACK’S WORLD, New York, NY 2003-2020

CFO / Controller - $40 million Retail Corporation,

Direct all corporate financial planning and implement strategies to manage and aggressively grow the company.

Manage a staff of six employees, who oversee the company’s day-to-day operations in: Finance, Accounting, Payroll, Accounts Payable, Cash Projections and Bank Reconciliation.

Implemented an upgrade to MAS 90 system, a new bank reconciliation module to enhance cash flow.

Implemented an electronic payroll system to improve accuracy and save time and money.

Aggressively pursued cost-cutting measures resulting in a net annual savings of $100,000 in the fields of corporate insurance and implementing a more effective credit card processing system.

Reduced vendor prices by an average of 20 percent by negotiating and bidding out services.

Streamlined and economized staff while maintaining workload and increasing office productivity.

Chief Manager for planning and executing the structural refinancing of RJF Realty LLC, a 102,000 square-foot office building in midtown Manhattan.

Responsible for reviewing and preparing: financial reporting, projections, cash flow, aging, payroll, month-end closing, journal entries, letters of credit, credit cards, insurance policies, leases, audits and taxes.

Senior Liaison to a consortium of vendors and buyers; oversee corporate dealings with banks on a daily basis. CREDIT SUISSE FIRST BOSTON, New York, NY 1996-2002 Corporate Services – Planning, Leasing and Analysis - Senior Financial Analyst - AVP, 2001 – 2002

Prepared MTD, YTD and Budget Commentary for Variance Analysis used by U.S. and U.K. Regional Directors to develop the Forecast and Monthly Expense Package.

Collaborated with managers and business units to ensure seamless flow of daily and monthly business transactions.

Implemented and prepared Budget and Allocation Methodologies.

Prepared month end closing, accruals, allocations and analysis of expenses.

Devised numerous financial analysis packages and ad-hoc reports, automated through Essbase OLAP tools.

Converted financial package platforms from Hyperion Retrieve to Essbase OLAP by PeopleSoft.

Indirect supervision of 4 staff members on daily duties, advancing jobs skills and computer training. Investment Banking Division - GEM – Senior Financial Analyst - AVP, 2000 - 2001

Analyzed Joint Ventures and prepared reports to ensure proper cost charging of projects and allocations of expenses.

Studied centrally planned allocations for accuracy and prepare monthly commentary for variances.

Verified that Global Allocation System allocations operated correctly and charged departments properly. Provided new allocation statistics on an ad-hoc basis.

Prepared MTD, YTD and budget commentary for the Financial Report Package.

Worked on Global Allocation Committee and provided target centers for allocations.

Checked monthly expenses, allocations and centrally planned expenses resulting in a $5 million savings to IBD.

Prepared Service Cluster Analysis (SCA) and ad-hoc reports for management. Global Budget Manager / Americas - AVP, 1996 - 2000

Managed World Wide Regional Budget in excess of $2.4 billion.

Trained business and support unit controllers on budgeting methodology and functionality.

Worked in coordination with I.S. Managers on system implementation of User Acceptance Testing enhancements.

Security Administrator for Global Budgeting and Forecast System.

Global Coordinator for all inquires and requests on budget methodology and I.S. support of budget.

Managed projects which updated the budget manual, chart of accounts manual, account methodology table and created the budget and forecast system user’s guide.

Responsible for financial performance books, reporting regional results, variance analysis, verified accuracy of monthly global financial reports, collected statistical data, database control and closing calendars.

Performed monthly global allocations, updated statistics and methodologies, and verified results.

Member of the Credit Suisse Legal Reporting Team.

Chief Special Project: Merging three customer systems to create an original relational database to report inter- company and related party customer’s transactions. JOHN HUGH SMITH Page 2

CITY OF YONKERS - FINANCE DEPARTMENT, Yonkers, NY 1993 - 1996 Senior Treasury Analyst,

Assistant to the Commissioner of Finance

Managed Investment Operations in excess of $60 million.

As Cash Manager, monitored cash flow in excess of $450 million; analyzed revenue/expense variances for budget.

Senior Liaison for the Finance Department to management information systems, central payroll, major banks and financial institutions.

Project Manager for risk management, direct deposit, deferred compensation and benefit/retirement study.

Implemented ongoing cost cutting measures with banks through initiating electronic systems.

Managed City Issuance of BAN's, bonds and other various projects.

Performed forecasts, grants, and capital projects. CHASE MANHATTAN BANK, New York, NY 1985 - 1993

Financial Administrator/Senior Analyst - Second Vice President, 1989 - 1993

Member of the NAS Financial Planning and Budget Team.

Oversaw operation budgets in excess of $50 million.

Reviewed $10 billion holdings of the outstanding loans portfolio.

Monitored non-performing assets of $500 million.

Performed PC and financial systems reports for various departments to provide senior management with timely and detailed overview reports.

Initiated senior management presentations using original PC graphics packages and developed PC reports.

Managed and verified institutional data by controlling the Financial Organization Barr Chart.

Designed and implemented monthly financial package, including forecasts and a net interest margin report. Assistant Section Manager - Assistant Treasurer, 1985 - 1989

Supervised a staff of five accountants in the production of the bank's Blue Book, an internal financial reporting guide for the Head Office and compiled the trend report of comparative expenses and budgets.

Supervised the source & uses and income groups; trained staffs of said groups.

Designed and implemented the corporate tax package.

Created and developed PC data recording and retrieval programs for use as management and financial tools.

Streamlined staffing needs by half through close study of personnel and systems efficiencies.

Other duties included approval of control sheets, analysis of budget and actual variances. Reviewed operating income, expenses, deposits, reserves, loans, and overdrafts. TEXACO INC, Harrison, NY 1981 - 1985

Financial Accountant, 1982 - 1985

Supervised the preparation of the company’s Blue Book, management reports and information, and the company earnings folder.

Prepared the Annual Report, 10K and 10Q reports, SEC filings, and the oil and gas disclosure reports.

Performed analysis and consolidation of worldwide foreign subsidiaries.

Other duties included: compiling various monthly analyses and reports for: operating sales, profitability and earnings, MTD and YTD activity, variances, geographic allocations, foreign taxes, capital expenditures, capital budgets, projections, industry and corporate trends, and institutional and departmental financial planning.

Supervision of seven accountants; analyzed joint ventures and outside acquisitions. Internal Accountant, 1981 - 1982

Supervised three accountants in the performance of their duties.

Prepared balance sheet and consolidation of income statements for foreign subsidiaries.

Reconciled U.S. and dual-currency inter-company accounts.

Other duties included revaluation of marketable securities, debentures, handling of commercial paper, monitoring of accounts receivable and payable, and cash flows.

TECHNICAL EXPERIENCE

MS EXCEL, MS WORD, MS ACCESS, LOTUS, PEOPLESOFT, HYPERION, ESSBASE, OLAP TOOLS, Expense Data Warehouse System, Global Budget and Forecast System, Global Allocation System, as well as various proprietary Financial Reporting Systems.

EDUCATION

MBA Manhattan College, Riverdale, NY

Graduate School of Business Administration

MBA in Finance

BS City University of New York at Herbert H. Lehman College, Bronx, NY Bachelor of Science in Accounting

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