Financial Management

JOSE O. MELENDEZ

**** ****** **** ***** # *** • Manassas, VA 20109 • 305-***-**** • *-********@***.***

Corporate Controller and Finance Professional

OVERVIEW

Successful, hands-on Corporate Controller with diverse experience and proven success developing, implementing and directing all aspects of the accounting function. Implement directives achieving sustainable fiscal health for a corporation. Key technical and business qualifications with an impressive track record of diverse hands-on experience in strategic budget planning, expense justification and operating budget preparation. Strong foundation of ethics and high degree of integrity. Bilingual: English & Spanish.

Track record of integrity, leadership, and results supporting business units and analyzing their operations to find both problems and opportunities for revenue assurance and assisting with developing strategies which are crucial to ongoing success. Actively seek improvements where systems and processes support departmental initiatives and implement new technology in order to improve the timeliness and accuracy of financial reporting processes and deliverables. Positively impact the bottom-line and company growth/profitability. Familiar with Federal Regulations (Patriot Act, US Treasury Department, GAAP, Sarbanes Oxley, etc.)

CORE STRENGTHS

Financial Statements/Analysis Budgets, Projections, Forecasting Fiscal Execution/Reconciliation

Cash Flow Preparation/Management Month-End Closings Risk Management

Internal Audits/Controls & Reporting Systems/Technology Management A/P, A/R, and Collections

Income Improvement/Expense Reduction Wage Structure and Payroll G/L, P&L, and Balance Sheet

Strategic Financial Planning/Modeling Resource Management Compliance

PROFESSIONAL EXPERIENCE

Suneli, LLC and FW Supply - Miami, FL 2006 - 05/2010

Financial Controller, Suneli

Managed the finance and accounting function for both companies for an organization with 523 employees and $68M in revenue. Direct accountability for financial controls, compliance, A/P, A/R, banking, reporting, long-term strategic planning, contracts, financial analysis, budgets/forecasts, risk identification/mitigation, and staff management. Reported directly to ownership group including Chinese investors.

• Directed the producing of financial statements for this exclusive retail distributor of kitchen and bath products.

• Purchased items produced in China for local markets. Monitored inventory and kept it at optimum levels.

• Conducted extensive financial statement analysis, identified areas of targeted revenue growth and implemented solutions with emphasis on cost reduction/containment. Reviewed all procedures and enhanced reporting effectiveness.

• Instrumental in providing financial overview and leadership to management for major operating considerations.

• Designed and implemented improved and enhanced accounting policies and procedures.

Financial Controller, FW Supply

Held simultaneous fiscal accountability for this growing wholesale distributor with 4 retail locations.

• Created, presented and analyzed financial packages and updates directly to Board of Directors. Produced effective reporting with key indicators for management. Noted for ability to analyze complex financial data.

• Made visits onsite at stores and coordinated adherence efforts with individual managers.

• Monitored banking relationships and kept direct communications with all related parties.

• Assessed opportunities for improvement to drive cost savings and efficiency within the organization.

• Designed and implemented a comprehensive program of financial controls, implemented new policies/procedures for effective revenue assurance, and instituted accountability for departmental staff to improve net profits.

• Introduced effective internal controls and created processes/procedures that were needed for the firm to operate at peak efficiency.

Orange Steel and Ornamental Supply - Miami, FL 2003 - 2006

Financial Controller

Hired to oversee the finance function and provide analysis and support for a fast growing retail company with $60M in annual revenues. Areas of accountability encompassed A/R, A/P, cash flow analysis, GL, journal entries, payroll, balancing accounts, bank reconciliations, financial statements, collections, P&Ls, budgets, projections, month-end and financial reports. Hired, trained, and managed staff.

• Produced detailed financial statements, budgets and cash flow statements and presented findings/recommendations to the owner.

• Analyzed and made approvals/denials based on customer credit that ensured the growth and fiscal health of the corporation.

• Monitored inventory and kept it at optimum levels. Optimized inventory levels resulting in company savings.

• Maintained banking relationships and invested extra funds resulting in increased income for the company. (Cont. P2)

Résumé of Jose O. Melendez • 305-***-**** • *-********@***.*** • Page Two

PROFESSIONAL EXPERIENCE – (continued)

Orange Steel and Ornamental Supply – (continued)

• Negotiated insurance/benefits package allowing for expanded benefits at a lower cost to both the company and the employee.

• Reviewed monthly income and financial statements for key indicators including return on investment, and made adjustments to ensure maximum profitability.

• Spearheaded the application of a warehouse damage claim resulting from Hurricane Katrina and yielding a $1.5M reimbursement.

• Consistently provided the highest quality services, while meeting deadlines, schedules, financial budgets and quality requirements.

Televentas, Inc. - Miami, FL 1998 - 2003

Financial Controller

Directed all accounting and financial activities for this wholesaler. Accountable for execution of corporate Finance and Operational strategy, budgeting, cash flow management, financial analysis, journal entries, GL, financial statements, month-end closings and audits. Interviewed, screened, hired and reviewed the work of a staff.

• Reviewed accounting procedures and controls and reconstituted entire accounting records and systems upon being hired dramatically improving operating efficiencies. Produced a company-wide budget comparing operating results with standards.

• Compiled detailed financial statements and made direct presentations to owners. Conferred with ownership group on company direction and financial condition. Produced cash flow reports, invested extra funds and negotiated lines of credit.

• Oversaw conversion from manual to computerized system. Assessed IT needs of all user groups and coordinated changes/updates to company information system. Set up effective networks within company.

• Completed quarterly and annual tax filings and remitted on a timely basis.

• Facilitated the growth in annual revenues from $12M to $38M with greatly enhanced profitability.

• Saved considerable shipping costs following a revamping of warehousing and shipping procedures.

• Resolved a $1.2M judgment and reestablished credit lines with a major manufacturer.

Southeast Foam Corporation - Miami, FL 1991 - 1998

Chief Accountant

Performed accounting functions for this expanding foam manufacturing company, as well as an affiliate American Fiber.

• Accountable for protecting the company’s assets by implementing tight internal controls, ensuring accurate financial trends analysis and projections, and generating alternate ideas and suggestions to improve operating performance.

• Directed fiscal planning and analyzed financial statements in detail. Compiled budget reports and produced variance analyses for managers including overhead analyses, master budgets and standard costing reports.

• Performed audits, acted on all credit requests/financial statements, and monitored collections.

• Credited with greatly improving internal controls and accounting reports.

• Placed payroll, tax, A/P, vouchers, and check printing on software system.

King Cole, Inc. - Miami, FL 1989 - 1991

Accountant/Financial Analyst

Managed accounting activities for this clothing manufacturer with 205 employees. Directed payroll, benefits, HMO coverage and related tax filings. Compiled sales, revenue, commission and special reports for owners.

• Produced monthly and annual income/financial statements. Analyzed financial statements for trends and made recommendations. Directly conferred with owner group on all financial moves for King Cole.

• Led effective computerization of manual accounting system and controls, as well as quarterly and year-end tax reports/filings.

Matilde Brenes Hospital - Bayamon, Puerto Rico 1987 - 1989

Assistant Controller

Responsibilities included overseeing billing and accounts receivables.

• Assisted in producing full financial statements for this 175-bed hospital. Made entries and adjusting entries as needed.

• Processed reimbursements, voucher payments, cash management, journal entries and bank reconciliations.

• Identified and planned for the changing needs of the organization and positively contributed to the bottom line.

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EDUCATION

Bachelor in Business Administration Degree in Accounting, Central University of Bayamon, Bayamon, Puerto Rico

COMPUTER SKILLS

Excel Access, QuickBooks Pro, Windows Professional, Peachtree, AS 400 ADS, WordPerfect, Internet applications, ACCPAC, Great Plains, ACT, Oracle, Light Speed, Mass 90, Mas 200, ADP Distribution, Eclipse Systems, ERP systems.

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