Kenneth J. Sak,
CPA, CGMA
adml1y@r.postjobfree.com
Hobart, IN 46342
www.linkedin.com/in/kenneth-sak-5707318
Skype: kensak6
WORK SUMMARY
My executive career has been with organizations managing the accounting and finance for combined or consolidated groups of companies. I have been involved with performing due diligence for three different acquisition opportunities, prepared the offer calculation for two acquisitions, restated the valuation of several other acquisitions after being hired, corrected the accounting records for previous mergers. With over 13 years in service type companies ranging in size from
$3 million to $100 million. These organizations include physician, insurance services, construction management, ambulance
& medical transportation, fire extinguisher & equipment, engineering, non-profit, governmental services, technical education training, trash collection, hauling, landfill management, wholesale distribution, retail stores, restaurant, sustainable restaurant supplies & software development. My career also includes over 19 years with manufacturing companies ranging in size from $10 million to $500 million. These companies were associated with consumer electronics, governmental, chemicals, eco-friendly solvents, auto parts suppliers, machine shop fabrication for auto, military, railroad, aerospace & others, DIY home improvement products & laminated wood products. I also have 6 years working in construction for companies ranging from $20 million to $200 million. These include companies involved in commercial buildings, property development, shopping center, stores & office buildings, water treatment facilities, landfill construction
& asbestos abatement.
WORK EXPERIENCES
CFO / Corporate Controller Onyx Distribution & Service, Chicago, IL 2016 – Present Responsible for management of office processes in multiple locations, preparing consolidated financial statements in accordance with GAAP, preparing multiple state payroll tax reports, multiple state sales tax reports, annual workers compensation audits, monthly account reconciliations, weekly cash flow forecasting, maintaining banking relations, month-end close. I am also responsible for human resources, payroll, accounts payable, inventory, product costing, commission calculations, fixed asset tracking and depreciation, accounts receivable and collections
Accomplishment:
Implemented NetSuite ERP System for 4 separate companies at the same time
Designed & Streamlined the cash flow forecasting and report process with daily viewing
Implemented a commission system for sales personnel based on margin
Created a commission report for calculating commission based on collections
Reduced bad debt expenses by implementing NetSuite’s credit hold process, added staff in collections
Created budgets for all three operating entities
Reviewed and revised projections showing the impact on profitability
Cleaned up the installation of QuickBooks prior to NetSuite implementation
Recorded and valued merger of one of the partner’s separate business into this group Director of Finance Aggeus Healthcare, Chicago, IL 2013 – 2015 Responsible for the management and supervision of staff, office & processes, prepared consolidated financial statements in accordance with GAAP, prepared multiple state payroll tax reports, annual workers compensation audit; month-end close, monthly account reconciliations, cash flow forecasting, 401k audit, HIPPA compliance reviews, multiple subsidiary accounting, payroll, accounts payable, manage banking relations, fixed asset tracking and depreciation Accomplishment:
Designed & Streamlined the cash flow forecasting and report process for weekly review by ownership
Created budgets, reviewed and revised projections for bank proposal
Cleaned up the installation of QuickBooks for all entities using a singular chart of account
Converted financial statement to accrual from cash basis while reducing the closing process to 7 days from 30
Modernized payroll time keeping, utilizing cell phones and mobile apps, eliminating errors & time int payroll preparation
Recording and accounted for mergers within this group Controller Prompt Ambulance Services, Highland, IN 2010 – 2013 Responsible for the management and supervision of staff, office & processes, prepared consolidated financial statements in accordance with GAAP, annual workers compensation audit; month-end close, monthly account reconciliations, cash flow forecasting, 401k audit, HIPPA compliance reviews, multiple subsidiary accounting, payroll, accounts payable, manage banking relations, fixed asset tracking and depreciation
Accomplishment:
Reviewed and revised projections showing the impact on profitability
Converted financial statement to accrual from cash basis while reducing the closing process to 5 days from 30
Recorded and accounted for the acquisition of two companies Kenneth J. Sak, CPA, CGMA continued
Controller Integrity Manufacturing, Shepherdsville, KY 2008 – 2010 Responsible for the management and supervision of staff, office & processes, separate financial statements for all entities in accordance with GAAP, state payroll tax, annual workers compensation audit, month-end close, monthly account reconciliations, cash flow forecasting, 401k audit, partnership tax preparation, multiple subsidiary accounting, human resources, payroll, accounts payable, manage banking relations, fixed asset tracking and depreciation, inventory; product costing, commissions, production and variance analysis
Accomplishment:
Designed & Streamlined the cash flow forecasting and report process so it was updated on a weekly basis
Implemented a commission system for sales personnel based on margin
Reviewed and revised projections showing the impact on profitability
Cleaned up the installation of MAS-200 & QuickBooks
Updated the Bill of Materials and costing with Operations
Recorded and accounted the acquisition of several companies Chief Financial Officer BMK Corp. (Blitz Manufacturing), Jeffersonville, IN 2007 – 2008 Responsible for the management and supervision of staff, office & processes, consolidated financial reporting in accordance with GAAP, state payroll tax reporting, workers compensation audit, state sales tax audit, month-end close, monthly account reconciliations, cash flow forecasting, 401k audit, multiple subsidiary accounting, human resources, payroll, accounts payable, inventory, product costing & pricing reviews, manage banking relations, commissions, production and variance analysis, fixed asset reporting and depreciation
Accomplishment:
Designed & Streamlined the cash flow forecasting and report process so it was updated on a weekly basis
Developed a commission system for sales personnel based on margin
Reduced bad debt expenses by developing a credit hold system plus put effort on collections
Created budgets for all three entities
Reviewed and revised projections showing the impact on profitability
Cleaned up the installation of MAS-200
Implemented LIFO inventory valuation, which reduced income tax expense OTHER WORK ACCOMPLISHMENTS
Cleaned up the installation of Macola, Global Shop Solution & QuickBooks providing cleaner and accurate financial statements
Streamlined the accounting & business workflow process utilizing best practices saving countless hours
Designed & Streamlined the cash flow forecasting and report process so it was updated on a weekly basis
Reduced the workers compensation audit charges by over 80%, reduced operating expenses by 9%
Implemented a cycle counts system for inventory eliminating potential year-end adjustments
Recording and accounted for several mergers, corporations and partnerships plus acquisition of several companies
Reduced bad debt expenses by developing a credit hold system plus effort on collections
Corrected financial statements that were out of balance, misstatement in balance sheet accounts and the valuation of fixed asset
Correctly recorded a building addition into several categories to get the best tax advantage for the project
Created budgets, reviewed and revised projections showing the impact on profitability
JSOX audits & IFRS reporting
COMPUTER SOFTWARE EXPERIENCE
NetSuite
QuickBooks Enterprise
NextGen
Visual Manufacturing
SAGE MAS-90/200
Zoll
Global Shop Solutions
Macola
Reflections
Great Plains
FAS Fixed Asset
MS Office
Crystal Reports
ADP
JD Edwards
Ceridian
Hyperion/Essbase
MAPICS
Real World
Fundware
EDUCATION, CERTIFICATIONS
Bachelor of Science in Accounting – University of Illinois at Chicago Certified Public Accountant – Illinois #74000 – 02/12/1999 Chartered Global Management Accountant – AICPA #110014253 – 07/31/2012 Certified Business Manager – Illinois #835 – 01/18/2002