Accounting Staff Controller

MARTIN MOLANO LinkedIn Profile

832-***-**** *********@*****.***

SENIOR FINANCIAL EXECUTIVE

A senior financial leader who offers a track record of accomplishment in elevating profitability on multimillion-dollar operations. Saves millions of dollars for employers through detailed expense analysis in order to optimize budget allocation and find/correct errors or overpayments. Communicates effectively with accounting employees and human resources personnel across multiple locations to manage payroll, billing, collections, and cash management. CORE STRENGTHS: FINANCIAL MANAGEMENT / REPORTING – COST CONTROLS – P&L MANAGEMENT – BUDGETING – COMPLIANCE FORECASTING – LOSS PREVENTION – FINANCIAL ANALYSIS – TRAINING & DEVELOPMENT – QUALITY CONTROL – TAX LAW CASH FLOW – COST ANALYSIS – COMMUNICATIONS – COST ACCOUNTING – RETAIL ACCOUNTING – COLLECTIONS – AUDITING SELECT CAREER HIGHLIGHTS

Managed Financials for eight dealerships at DeMontrond Automotive Group, controlling $800M in assets while supporting operation in selling 7,000+ cars per year.

Managed P&L for multiple dealerships at Southwest / Clear Lake Infiniti, controlling $70M in assets while supporting operation in selling 3,000+ cars per year.

Administered P&L for $6M in annual billing and managed payroll for more than 300 total employees at Kingwood Automotive; trained, developed, and directed 30+ accounting staff across three dealerships.

Led financial reporting for an operation selling 15,000+ cars per year, generating up to $35M net profit.

Provided astute cash management and kept all contracts in transit under 20 days at Landmark Chevrolet. PROFESSIONAL OVERVIEW

DEMONTROND AUTOMOTIVE GROUP Houston, TX 2021-Present SENIOR CONTROLLER

Directed accounting functions at eight dealerships while driving compliance with FASB and GAAP regulations; oversaw financial statement preparation and review and led month-end/year-end closing procedures.

Oversaw P&L and financial management for $800M in combined assets for the sale of 7,000+ cars per year.

Headed payroll administration for 400+ employees, including salary managers and commissions.

Reviewed balance sheet and income statements.

Handled daily cash management, optimized cash flow, and prepared annual budgets; oversaw team activities related to billing, accounts payables, collections, warranties, and banking relationships.

Drove regulatory compliance and prepared for state, federal, and internal audits.

Gathered data, created, and distributed financial statements to corporate office and manufacturer. INDEPENDENT AUTOMOTIVE CONSULTANT Houston, TX 2020-2021 CONSULTANT FOR ACCOUNTING/CONTROLLER

Developed financial controls for start-up automotive companies.

Created financial statements.

Wrote policies and procedures for the financial operating processes.

Developed cash flow statements.

Financial liaison between the floorplan and financing bank institution.

Responsible for all tax compliance and submissions for all local, state, and federal entities (Franchise tax, sales tax, and vehicle inventory tax).

MARTIN MOLANO 832-***-**** *********@*******.*** Page 2 SOUTHWEST INFINITI / CLEAR LAKE INFINITI Houston, TX 2004-2020 SENIOR ACCOUNTANT/CONTROLLER

Directed accounting functions at two dealerships while driving compliance with FASB and GAAP regulations; oversaw financial statement preparation and review and led month-end/year-end closing procedures.

Oversaw P&L and financial management for $70M in combined assets for the sale of 3,000+ cars per year.

Headed payroll administration for 185+ total employees, including salary managers and commissions.

Ensured accurate and complete reconciliation of all balance sheet accounts using Excel pivot tables.

Handled daily cash management, optimized cash flow, and prepared annual budgets; oversaw team activities related to billing, accounts payables, collections, warranties, and banking relationships.

Drove regulatory compliance and prepared for state, federal, and internal audits.

Developed and implemented accounting procedures and led cross-training initiatives.

Gathered data, created, and distributed financial statements to corporate office and manufacturer.

Reviewed all F&I deals for compliance and accuracy. KINGWOOD AUTOMOTIVE LLC Houston, TX 2002-2003

AREA CONTROLLER – MAZDA/KIA/HYUNDAI DEALERSHIPS

Managed 30+ accounting staff at multiple dealerships while overseeing P&L management, general ledger, financial statement preparation and review, and month-end closing procedures for dealerships.

Compiled, submitted, and transmitted financial statements to corporate and Chrysler financial.

Reviewed dealer reserve accounts, floor-plan audits, and payroll and operating bank accounts.

Cross-trained office staff in billing, AR/AP, collections, and co-op advertising tracking. PROFESSIONAL OVERVIEW CONTINUED…

BH ENTERPRISES Houston, TX / Memphis, TN / Orlando, FL 1993-2002 COMPTROLLER / AREAS CONTROLLER – BH CHEVROLET

Directed 24 accounting staff at multiple dealerships, providing leadership and cross-training to maximize team capabilities and performance; prepared financial statements for General Motors and corporate office.

Prepared monthly and annual forecasts while completing month-end closing procedures for each dealership.

Oversaw P&L, general ledger, and financial statement review while driving accurate reconciliation of balance sheet accounts, annual forecasts, cash management, and year-end corporate audits.

Managed analysis and reporting for sale of 15,000+ cars per year, representing $30M to $35M in net profit. ASSISTANT CONTROLLER – LANDMARK CHEVROLET

Supervised more than 30 accounting personnel while completing month-end closing procedures for the dealership and preparing financial statements (including P&L and general ledger accounting).

Compiled, submitted, and transmitted financial statements to corporate office and General Motors.

Reconciled all accounts receivable, rebates, incentives, reserves, and bank accounts.

Assisted the Controller in completing year-end audits and budget reviews. DRESSER / LITTON INDUSTRIES – WESTERN ATLAS INTERNATIONAL Houston, TX 1990-1993 EXPORT SALES ACCOUNTANT

Prepared monthly and year-end forecasts for all international shipments and reconciled all international inter- company accounts receivables; generated charts and graphs for year-end projects. EDUCATION

BBA, Accounting – UNIVERSITY OF HOUSTON

Technical Skills: Windows/AS400, MS Office/Excel (Pivot tables V-Lookup), CDK (ADP), and Reynolds & Reynolds

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