Accouning/Finance Professional

Jay Szefel

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

Deerfield Beach, Florida 33442

954-***-**** (cell)

email: ********@*******.***

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Areas of Expertise

Cash Flow Forecasting Budgeting Variance Analysis

Strategic Financial Planning Multi Unit Responsibilities Contract Negotiations

Cash/Inventory Controls Financial Statements Operational Reviews

Variable Labor Staffing Staff Development Policies/Procedures Development

Professional Experience

Delaware North Companies/Deer Ridge Farms-Wellington, Florida

(Equestrian/Property Management-$5 million operating budget)

Business Manager/Controller-May 2006 –August 2009

Directed all financial and operational activities for Equestrian and residential properties with 55 employees and $5 million operating budget.

•Implemented effective bid process to reduce cost by $50k for all expenditures including repair and maintenance, insurance, and asset disbursement. Managed entire projects from conceptualization to completion.

•Directed all accounting functions, financial reporting & analysis, bank relationships, tax compliance, human resources administration and contract negotiation. Established policies and procedures for operations and all cash receipts/disbursements.

•Prepared monthly financial statements and established cost cutting procedures.

•Completed special projects for food and beverage organization including labor/productivity, food /beverage cost, subtenant rent analysis, and other operational functions.

HMS Host-Miami & West Palm Beach, Florida

(Airport Foodservice Company-$50 million annual revenue)

Area Controller-July 2003-May 2006

•Prepared pro forma statement and analysis to change existing operating concepts with more profitable concepts and improve overall profitability.

•Reduced production kitchen operating expenses by $40k through implementation of run rate standards and improved distribution procedures.

•Increased revenue by $70-75k through optimization of store operating hours based on airline flight activity.

•Reduced Accounts Receivable aging by 40% through establishing local customer contacts and effective management of balances.

•Reduced accounting and cash room staffing by 60% through process efficiencies and elimination of non-value added activities while reducing cash losses.

•Improved labor productivity by 16% by coordinating revenue flow and labor scheduling.

LSG SkyChefs-Miami, Florida

(Airline Catering-$40 million annual revenue)

Controller-March 1998-July 2003

Directed all financial reporting including cash receipts and disbursements, general ledger analysis, and cash flow forecasting.

•Controlled labor expense through daily revenue forecasting and established productivity measures. Reviewed labor schedules and adjusted in advance to business needs. Implemented concepts of ‘Lean Manufacturing’ to maximize efficiencies, reduce waste, and reduce costs.

•Directed food cost variance initiative, which increased focus on inventory usage and internal controls. Implemented daily tracking of high volume items to identify variances and implemented corrective action. Reduced unit food cost variance by $170k in 2003.

•Consolidated billing function of entire Florida market (14 units) resulting in 60% reduction of accounting staff through productivity improvements and elimination of nonvalue added processes.

BallenIsles Country Club- Palm Beach Gardens, Florida

(Country Club-$16 million annual revenue)

Controller-March 1994-March 1998

•Point of sale administrator for selection, contract negotiation, and implementation of new point of sale/accounting system. Included revision of chart of accounts to improve statistical tracking and improve labor utilization.

•Diligently collected account receivable balances to improve company cash flow. Reduced over 60 day balances by 20% ($54k) through systematic collection process.

•Implemented internal controls for food and beverage operation in newly constructed clubhouse. Established cost/pricing policies for special events, which reduced per event costs from 80% to 45%.

Delaware North Companies Inc.-Buffalo, New York

(Airport/Stadium food/retail operations-$30 million annual revenue)

Controller-Newark Airport & New Orleans Airport-August 1985-March 1994

Senior Corporate Auditor-Buffalo, New York

•Prepared and analyzed unit financial data. Developed profitability Report for each of 23 point of sale units through direct coding of revenue and expense items. This allowed for effective management of each operation.

•Implemented full accounting system to account for receipt and sale of Duty Free inventory in compliance with US Customs requirements. Reduced penalties from $125k to $11k through inventory control and daily reconciliation of inventory to sales.

•Maximized control and accountability over retail inventory to reduce monthly shrink from 9% to 2% through utilization of shopper services, systematic cash audits, and improved purchasing procedures.

•Established standardized reporting Southwest Region to identify key operating metric variances and implemented corrective action.

•Lead auditor for accounting system conversion for acquired company. Validated operating cash and physical inventory and implemented accounting systems.

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Education

Bachelor of Science-Business Administration-Daemen College-Amherst, New York.

Technical Skills

PeopleSoft, Hyperion , Timberline, Peachtree, CODA, AS 400, Kronos, Oracle, ACCPAC, ADP Payroll, Intermediate Excel, Lawson, Business Objects, MS Office Accounting Software, QuickBooks

Continuing Education

Emerging Leader Inventory Control Seminars Florida Sales & Use Tax

Successful Negotiations Labor Scheduling Lean Manufacturing

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