Controller, Financial Analyst
Resume:
Barbara R. Del Cotto, MBA/CPA
Venetia, PA 15367
*.********@*******.***
SKILLS SUMMARY
Top-performing and versatile finance manager:
A cost conscious leader who can identify financial risks to the company and then determine and implement appropriate solutions.
Continuously applies new concepts to facilitate increased efficiency.
Prepares clear and concise analyses to communicate critical information to senior management.
Demonstrates a strong work ethic, positive attitude and ability to work and communicate effectively with all levels.
PROFESSIONAL EXPERIENCE
SELF-EMPLOYED
Barbara R. Del Cotto, Independent Contractor 2010-present
Small business financial consulting (2010-
INTEGRATED POWER SERVICES (IPS) LLC - Washington, Pennsylvania 2008-2009
IPS, headquartered in Greenville, SC, is the former power services unit of Reliance Electric.
Severe economic downturn in 2009 forced IPS to contract its business.
Controller (Service Center)
Lead financial function as part of plant expansion. Responsible for overseeing and performing monthly and quarterly closings along with all required financial reporting to the Corporate office in Greenville, SC. Duties included monthly forecast and analysis of financials, annual budget, physical inventory and human resources for the plant. Oversaw Department of Transportation (DOT) compliance.
Disallowed billing of customers without obtaining a Purchase Order first which resulted in improvement in Daily Sales Outstanding (DSO) to < 60 days while minimizing friction with customers.
Identified obsolete inventory requiring an initial immediate write-off of $500k.
Developed various breakeven financial scenarios and identified operating cost reductions.
BAYER MATERIALSCIENCE LLC - Pittsburgh, Pennsylvania 2004-2008
Corporate reorganization resulted in position being eliminated.
Manager NAFTA Transfer Price Office (2005-2008)
Responsible for regional controlling, steering and documentation of transfer prices. Duties included implementation of policies and procedures to standardize setting of worldwide transfer prices within SAP business warehouse. Also responsible for compliance with Sarbanes-Oxley requirements. Established documentation files as supporting evidence of tax compliance.
Facilitated automation of Canada and Mexico transfer price systems so that implementation dates were met after identifying obstacles involved in conversion of old systems.
Developed quarterly reporting package, identifying key metrics related to transfer prices for executive review and global comparison.
Communicated transfer price issues and problem solutions to company business units and legal entity representatives.
Contract Associate (2004-2005)
Carved out balance sheet/income statement data by entity. Prepared segment data for monthly closing. Performed fluctuation analysis of annual financial statements and discontinued operations by company for executive management. Prepared government reports and company foundation report. Identified duplicate payments made to a former employee which resulted in a savings of $100k. Used SAP general ledger.
ANH REFRACTORIES COMPANY - Pittsburgh, Pennsylvania 2000-2003
Planning Manager
Responsible for preparation of profit plans/forecasts, including balance sheet and cash flow for three legal entities. Oversaw selling, general and administrative expense budgets on yearly basis. Performed variance analyses and management reporting monthly. Implemented and maintained Access database for reporting of selling, general and administrative expense budgets from three different financial systems so that costs could be easily monitored allowing for more control.
RSI, INC. (Start-up) - Pittsburgh, Pennsylvania 1997-2000
Controller
Managed financial, accounting and cash management responsibilities for a start-up company in the Assisted Living industry. Prepared monthly closing and financial statements for nine companies. Worked closely with underwriter on two Pennsylvania Economic Development Financing Authority tax-exempt revenue bond financings. Provided documentation for and attended bond closings. Worked with outside CFO. Hired in-house accounting staff. Advised financial partner in New York City of daily operating issues and cash requirements. RSI declared bankruptcy upon death of financial partner and position was eliminated when company sold.
Identified risks related to out-of-compliance situations for financial partner and as a result implemented and monitored an annual bond compliance program that met PA state requirements.
Maintained trustee relationship and worked closely with lead bondholder to manage cash after financial partner died which allowed the company to continue in business until a buyer could be found.
Managed the closing down and relocation of the corporate office including sale of office assets to downsize the financial requirements of the company ensuring its continued existence.
ADDITIONAL EXPERIENCE
MIRROR SYSTEMS, INC (Start-up), Pittsburgh, Pennsylvania, Controller 1996
Responsibilities included purchasing and human resource management as well finance and accounting. Produced monthly financial statements and cash projection report. Dealt with outside auditors. Company declared bankruptcy and liquidated.
J&L SPECIALTY STEEL, INC., Pittsburgh, Pennsylvania, Financial Analyst 1988-1996
Provided accounting and financial analysis for operations. Performed monthly closing procedures and analysis. Developed annual budgets and revisions to standards. Contributed to special projects including:
Developed the initial operating cost budget related to $200,000,000 plant expansion.
As the financial member of an operating committee, provided ad hoc analyses. Identified the effect hot band width had on production productivities resulting in rolling mill charts being revised so bottlenecks could be minimized.
ARTHUR YOUNG & COMPANY, Staff Auditor 1986-1988
Reviewed, tested and evaluated internal controls, resulting in practical and constructive suggestions for improvement. Performed substantive testing of account balances, including performance of quarterly reviews for Securities and Exchange Commission clients.
EDUCATION
M.B.A., Accounting, Magna Cum Laude University of Pittsburgh, Pittsburgh, Pennsylvania
B.A., Business Administration, Magna Cum Laude Mercyhurst College, Erie, Pennsylvania
CERTIFICATIONS
Certified Public Accountant
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