Reid S. Rhodes

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

Suffern, New York 10901

Cell: 845-***-****

Email: ads7c0@r.postjobfree.com

linkedin.com/in/reid-rhodes-50344514b

OBJECTIVE:

To find a challenging executive CFO, COO position with a stable company. To use my varied experience, keen business acumen and high degree of responsibility to grow, synergize and maximize profits. To manage, with integrity, the corporate assets in an efficient and tax effective manner with the intent of relieving CEO and ownership of time that can be maximized elsewhere. Drive for operational and financial efficiency which establishes core metrics that optimize team performance and maximize capital position.

EXPERIENCE

CNC Associates NY, Inc. June 2020 – Present

Chief Financial Officer

Responsible training and reorganizing of accounting department.

Review and correct prior NetSuite implementation.

Reconciled CPA’s financial records and tax returns into the NetSuite environment.

Corrected affiliated companies records in QuickBooks to reconcile intercompany records and manage group cash flow.

Prepared monthly, quarterly and annual financial statements for all entities in accordance with U.S. GAAP

Financial and covenant, reporting on $40MM of lines of credit to financial institutions.

Integration of Avalara into NetSuite for all nexus states to simplify compliance and filing of state sales tax.

Manage Real Estate properties and to ensure tenant compliance and all financial and legal matters.

CFO Consulting Services April 2018 – May 2020

Drive in 24, LLC \ T.R.E.C. Rental Corp.

Vertical Systems Analysis, Inc

B&B Millwork & Doors, Inc.

Apogee Bio-Pharm, LLC

VRG Holdings & Subsidiaries, Inc. Carlstadt, NJ October 2001 – July 2017

Chief Financial Officer

Responsible for the finance, accounting, operations, human resources and IT departments for a family-owned holding company with various subsidiaries including Citromax Argentina and Citromax USA, Inc., a global manufacturer of flavors with over $150MM in revenue.

Oversee full cycle of daily accounting and operations including but not limited to: AP, AR, Payroll, HR, internal Financial Statements, Cash Flows, Budgets, Financial analyses, daily operations, working on agreements, legal contracts, and establishing client/vendor strategic relationships.

VRG Holdings & Subsidiaries consist of four manufacturing subsidiaries selling and producing essential oils, emulsions and flavorings to the food and beverage industry.

Prepare overhead analysis and oversee the implementation of inventory systems consisting of both outside frozen warehouses, work in process and floor inventory.

Oversee annual audited financial statements, global leverage and equity ratio covenants to financial institutions.

Prepare financial statements on a monthly, quarterly and annual basis for all entities for bank reporting requirements. Ensure companies are adhering to all banking requirements, including but not limited to covenant compliance, and all reporting requirements. Maintain accountability for treasury management and international banking.

Maintain global internal financial statements and bi-weekly cash flows for worldwide operations.

Oversee internal controls and all financial and legal contracts including corporate policies and procedures.

Played an integral part in growing corporate sales in excess of 300% from 2003-2012.

Manage the corporate HR departments of subsidiaries and their respective employees.

Oversee the corporate computer technology expenditures and budgets; direct the IT consultants.

Prepared and negotiated bi-year IRS audit with no adverse consequence.

Structured and negotiated new banking relationships and credit agreements to secure the first corporate lines of credit from nil to current standing of low to mid 8 figures.

Directed the enhancement of the IT infrastructure from sub-par level to current state of the art level, including DR site, increasing corporate communication and synergies.

Responsible for annual reporting to International Trade Commission and U.S. Department of Commerce in compliance of “Suspension Agreement” to obtain costing in home market for commodity pricing between the U.S. and Argentina.

Work in conjunction with BDO Argentina on tax and transfer pricing issues.

Created, within corporate structure, an offshore tax deferral mechanism in conjunction with Ernst & Young.

Managed the General Contractor and acquired financing for the constructions of a 45,000 square foot new world headquarter facility with issuance and sale of NJEDA municipal bonds to financial markets.

Reconciled all U.S. and South American corporate financial statements in accordance to GAAP from below compilation standards to audit standards.

Louis Sternbach & Company, New York, NY 1993 – 2001

Senior Accountant / Network Administrator

Prepared corporate, partnership, individual and trust tax returns for clients in various industries.

Audited and reviewed financial reports for financial institutions, brokerage firms and government HUD Projects.

As a Consultant for clients, set up and installed IT and varied accounting systems.

Performed installation and maintenance of the firm’s first Novell peer to peer network and migrated the firm to more efficient Microsoft NT technology. Maintained accounting and tax software for the firm.

Morris Teichman & Co., PC, New York, NY 1989 – 1993

Associate Accountant

Reviewed corporate, partnership and individual tax returns for clients in various industries.

Computerized over fifty corporate and partnership accounts to in-house general ledger package and tax preparation software.

Installed and maintained the firm’s first Novell peer to peer network

EDUCATION:

Accounting & Finance - Touro College, New York, NY 1985 – 1988

Talmud and Judaic studies - Rabbinical Seminary of America, Queens, NY

1981-1985

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