cost accountant with manufacturing exp
DESCRIPTION
TRANSCRIPT
Company
LOGO
COST ACCOUNTANT WITH MANUFACTURING EXPERIENCE
ROBERT D PARKEN, BBA, MOS506 TYLER WOODS COURT
GROVETOWN , GA 30813EMAIL [email protected] ♦ Phone 706-373-9292 ♦
WEB http://www.linkedin.com/in/rparken Word Doc:
Introduction
I have been specializing in integrating software applications to improve operational reporting for more than 15 years. Have served as an Accounting Leader for private, public, and private equity companies up to $250 million. Also demonstrated successes at leading companies in cost rollovers, budgeting, and product cost analysis. Expertise includes new costing methodologies; activity based costing and lean accounting, to improve the cost integrity of the products. Also am certified (Microsoft Office Specialist) in Excel, Access, and PowerPoint. Have included at the end of slideshare a recent advanced excel project .I am open to positions throughout the country.
RésuméRobert D Parken
506 Tyler Woods Ct, Grovetown, GA 30813 Ph 706-373-9292 ♦ Email [email protected]
COST ACCOUNTANT WITH MANUFACTURING EXPStreamlined costing process 20% by optimizing use of resources. Expertise in building relationships as “Business Partner” rather than a traditional accountant. Able to design, streamline and implement systems, procedures, and identify cost saving methods. Effective accounting leadership, able to motivate team members and ensuring accurate reporting is met.
AREAS OF EXPERTISE
- Cost Accounting / Financial Analysis - Month End Closing and journal entries
- Development of standard costs - Planning & Conducting Presentations
- Budget Development & Preparation - Research, Analysis & Recommendation
- New Product Costing - Team Leadership & Building Competencies’
- Key Alliances & Partnership Building - Astute Interpersonal & Communication Skills
- Critical Thinking & Problem Solving - Operational Performance Measurement & Analysis
Technical Inventory: MS Excel* MS Access * MS PowerPoint* MS Project JD Edwards MOVEX SQL Mas90 Windows 7 Internet Explorer
* Certified (Microsoft Office Specialist)
SELF — GROVETOWN, GA
APRIL 2012 – PRESENT
http://thecostguru.blogspot.com/To provide information and training to companies to make informed business decisions.
Participate in discussions and forums on how to control cost using features available in software. Currently working Delivery at local restaurant in the interim. Since 4/2011
MICROSOFT OFFICE SPECIALIST — GROVETOWN, GA
MARCH 2008 – MARCH 2011 AUGUSTA, GEORGIA AREA During this period, I enhanced by skills by taking a series of software and lean accounting courses. Obtained MCT, MCP, MOS Microsoft
Certifications.
AUGUSTA SPORTSWEAR — GROVETOWN, GA
a multi-million dollar manufacturer and distributor of Athletic Team Wear
Cost Accountant, 2003-2008Handled day-to-day issues related to standard costs. Performed analysis and interpretation of operational performance. Analyzed cost
variances and communicated results. Assisted with monthly /yearly financial closing.
Oversaw the creation of standard costs for over 15,000 sku’s and 750 product cost summaries valued at $25M. Proactive leader in the development and completion of Annual Operating Plan (AOP). Effective manipulation of voluminous data via advanced data mining tools such as Excel V-Lookups, PivotTables, and Queries.
Highlightso Streamlined costing process 20% by better utilization of resources.o Recommended guidelines and procedures to change method of costing of overhead to management by utilization of Activity Based Costing
(ABC). o Designed /maintained database to track over 500 import shipments by utilization of Excel Queries and PivotTables.o Excel Champion” throughout company by mentoring peers and managers on how to better utilize these tools
WORK HISTORY
NEWMARK INTERNATIONAL — ESTILL, SC.
a multi-million dollar manufacturer of fiberglass lightening poles
Plant Controller, 2001-2002Directed the creation of standard product costs. Reviewed daily AP and AR invoices from accounting clerks. Prepared monthly journals and
accruals. Coordinated monthly/year-end physical inventories.
Developed standard product costs for 750 sku’s and 5 major work centers. Reported manufacture problems of non-valued costs to management.
HighlightsoContributed to the daily Lean Manufacturing meetings by providing graphical key metrics.oReduced costs by $25K to $50K per month by implementation of new cost controls.
ALBOIN INDUSTRIES — NEWNAN, GA.
a multi-million dollar manufacturer of industrial casters and wheels
Senior Cost Accountant, 1999-2001
Managed the JDEdwards (JDE) standard cost module. Prepared reports and analysis of monthly expenses, variances, and inventories. Prepared monthly journals to record labor allocations. Coordinated the annual physical inventory.
Prepared and presented quarterly operating report of 2 plants and over 50 major work centers to management. Oversaw and reviewed all proposed new products and engineering system changes. Manipulation of voluminous data via advanced data mining tools such as using Microsoft Access.
Highlightso Reduced standard costs variance 75% by implementing ABC for overhead absorptiono Developed engineering or real costs for Sales Engineering by utilizing features in JDE.
WORK HISTORY cont’d
NEWMARK INTERNATIONAL — ESTILL, SC.
a multi-million dollar manufacturer of fiberglass lightening poles
Plant Controller, 2001-2002Directed the creation of standard product costs. Reviewed daily AP and AR invoices from accounting clerks. Prepared monthly journals and
accruals. Coordinated monthly/year-end physical inventories.
Developed standard product costs for 750 sku’s and 5 major work centers. Reported manufacture problems of non-valued costs to management.
HighlightsoContributed to the daily Lean Manufacturing meetings by providing graphical key metrics.oReduced costs by $25K to $50K per month by implementation of new cost controls.
ALBION INDUSTRIES — NEWNAN, GA.
a multi-million dollar manufacturer of industrial casters and wheels
Senior Cost Accountant, 1999-2001
Managed the JDEdwards (JDE) standard cost module. Prepared reports and analysis of monthly expenses, variances, and inventories. Prepared monthly journals to record labor allocations. Coordinated the annual physical inventory.
Prepared and presented quarterly operating report of 2 plants and over 50 major work centers to management. Oversaw and reviewed all proposed new products and engineering system changes. Manipulation of voluminous data via advanced data mining tools such as using Microsoft Access.
Highlightso Reduced standard costs variance 75% by implementing ABC for overhead absorptiono Developed engineering or real costs for Sales Engineering by utilizing features in JDE.
WORK HISTORY cont’d
MAGNA INTERNATIONAL — CARROLLTON, GA
a multi-million plant of a billion dollar Tier 1 automotive parts supplier
Plant Cost Analyst/Accountant, 1998-1999
Examined costs to ascertain distribution of program costs. Classified labor, material and overhead costs. Analyzed actual versus standard variance analysis. Computed estimates of new or proposed program costs. Recorded COGS and inventory general journals. Coordination of the quarterly physical inventory.
Prepared operating cost accounting reports for a $50M annual revenue automotive plant with 5 major program group. Collaborated with continuous improvement team.
Highlightso Re-engineered absorption of manufacturing overhead by utilizing ABC.
WORK HISTORY cont’d
EducationEDUCATION & PROFESSIONAL DEVELOPMENT
Bachelor of Business Administration (BBA); Majors – Accounting (1981)
Augusta State University, Augusta GA
CPE - Lean Accounting and Management: Improving Profitability by Streaming Operations – AICPA, 2008 – 2009
Lean Management Certification, 2009 Activity Based Costing 2000 One Piece Flow 2001 Finance for Non Financial Professionals 2001
Major Responsibilities
• Cost Accounting– Data Collection
• Construct data accumulation systems for a cost accounting system• Create and review the controls needed for data accumulation and reporting systems
– Inventory• Coordinate physical inventory counts and cycle counts• Investigated cycle counting variances and resolve issues• Controlled standard costs in the bill of materials• Reviewed standard and actual costs for inaccuracies• Validated the cost of goods sold as part of the month-end close• Accumulated and applied overhead costs to cost object• Worked with the materials review board
• Business Analysis– Manufacturing and business decision analysis– Economic decision-making– Forecasting– Variance analysis– Create value through process improvements
• Fiduciary Duties– Internal financial control environment oversight– Balance sheet and income statement review and ownership– Oversight of month-end close process– Maintaining plant transactional systems
Selected Excel Projects completed
Projected income statement with what-if analysis2012 Income Statement
Price Elasticity of Demand 1.2 Units Sold Revenue Expenses Net Income29,200 $832,200 $713,575.00 $118,625.0015,000 $427,500 $508,562.50 ($81,062.50)
Revenue Projected New Price 20,000 $570,000 $580,750.00 ($10,750.00)Units Sold 29,200 23,245 25,000 $712,500 $652,937.50 $59,562.50Price per Unit $28.50 $33.34 30,000 $855,000 $725,125.00 $129,875.00Total Revenue $832,200.00 $775,066.70 35,000 $997,500 $797,312.50 $200,187.50
40,000 $1,140,000 $869,500.00 $270,500.00Variable Expenses Projected New PriceUnits Produced 30,660 24,407Material Cost per Unit $8.50 $8.50Total Material Cost $260,610.00 $207,459.28 Units Sold $20.00 $25.00 $30.00 $35.00 $40.00Manufacturing Cost per Unit $5.25 $5.25 15,000 ($208,562.50) ($133,562.50) ($58,562.50) $16,437.50 $91,437.50Total Manufacturing Cost $160,965.00 $128,136.61 20,000 ($180,750.00) ($80,750.00) $19,250.00 $119,250.00 $219,250.00Total Variable Expenses $421,575.00 $335,595.89 25,000 ($152,937.50) ($27,937.50) $97,062.50 $222,062.50 $347,062.50
30,000 ($125,125.00) $24,875.00 $174,875.00 $324,875.00 $474,875.00Fixed Expenses Projected New Price 35,000 ($97,312.50) $77,687.50 $252,687.50 $427,687.50 $602,687.50Salaries and Benefits $240,000.00 $240,000.00 40,000 ($69,500.00) $130,500.00 $330,500.00 $530,500.00 $730,500.00Advertising $25,000.00 $25,000.00Administrative $15,000.00 $15,000.00Miscellaneous $12,000.00 $12,000.00Total Fixed Expenses $292,000.00 $292,000.00
Summary Projected New PriceTotal Revenue $832,200.00 $775,066.70Total Expenses $713,575.00 $627,595.89Net Income $118,625.00 $147,470.81
Creative VenturesCost-Volume-Profit Analysis
Net Income AnalysisPrice Per Unit
Selected Excel Projects completed cont’d
Chart for the Cost Volume Profit Analysis
Selected Excel Projects completed cont’d
Chart for Net Income Analysis
I have worked at these companies