Alan Margolies

As the Director of Accounting at Golden Platter Foods, Inc., I oversee a wide range of financial operations. My responsibilities include preparing journal entries and reconciling all balance sheet accounts to ensure accuracy and compliance. I conduct various audits, such as Workers' Compensation and Bank Audits, and manage year-end closing processes. Additionally, I manage payroll submissions and quarterly Newark Payroll Tax filings. I have established a month-end close checklist to streamline processes and supervise a team of four, ensuring their tasks are completed accurately and on time. I manage weekly payables, wire submissions, critical vendor analysis, and 3PL inventory reconciliations to maintain financial integrity and operational efficiency.

In my role as Interim Controller at Triangle Home Fashions, I played a crucial part in the recovery of sales and financial data following a ransomware attack. I established month-end cutoff procedures and authored standard operating procedures for revenue recognition and accounting processes. Implementing a chargeback trend analysis by customer and category, I held bi-weekly meetings to ensure team alignment. I was responsible for the collection of past-due receivables and conducted month-end GP analysis by customer. Coordinating physical inventory for the fiscal year-end and authorizing payments to overseas factories were also key aspects of my role. Additionally, I prepared payroll journal entries, month-end closing entries, and financial statements, while supporting the year-end audit process.

As an Independent Consultant for Legacy Brands, I implemented comprehensive financial processes to ensure completeness and accuracy. I contacted key suppliers and customers to verify 2018 financial activity and corrected AP and AR trial balances. I issued year-end financial statements to external accountants and banks and created daily, weekly, and monthly accounting procedures. My HR duties included recruiting and payroll processing. I developed SAP queries for balance sheet and P&L account analysis, issued monthly internal financials, and created spend reports for savings identification. By converting the company to a PEO, I achieved significant savings on Workers' Compensation and health insurance. I also collaborated with the VP of Operations to develop metrics and overhead rates, supporting production through detailed inventory analysis.

During my tenure as an independent consultant, I analyzed and streamlined financial systems for various clients. I recommended the outsourcing of payroll systems, leading to significant cost savings. I implemented expense reporting and tracking systems, and assisted in the preparation of financial statements. My efforts reduced overtime costs through the implementation of production scheduling systems. Additionally, I negotiated with vendors to achieve reduced price points for procurement services and products.

As CFO/Controller at Universal Preserv-A-Chem, Inc., I led the implementation of a new ERP system, enhancing operational efficiency. I built and maintained relationships with accountants, bankers, lawyers, benefit providers, and insurance professionals. I was involved in union negotiations and benefit administration, and played a key role in negotiating and managing various financing arrangements. My efforts improved credit terms with vendors and customers, and included negotiating with contractors and service providers. I reviewed orders for margin discrepancies, managed payroll processing, and prepared and presented financial statements and analyses.

In my role as Controller at Kerry Ingredients & Flavors, I provided accurate financial and statistical data to support management's decision-making. I reduced on-hand inventory by 20% through strategic meetings with purchasing, supply chain, and commercial controllers. I led the Profit Improvement Program, identifying cost reduction opportunities and efficiency savings in collaboration with production, maintenance, and quality departments. I handled TTB reconciliation and submission, served as gatekeeper for third-party administrators of accounts payable, and monitored liquid extraction batches for accurate costing. Additionally, I prepared the annual budget and projections, and reconciled capital projects to ensure budget adherence.

As an Independent Consultant with Robert Half Management Resources, I assisted clients in establishing robust policies and procedures. I documented the Controller's position, outlining daily, weekly, and monthly duties to streamline the closing process. I monitored the issuance of purchase orders and audited their conformity to company policies. Additionally, I reviewed sales orders and investigated margins to ensure financial accuracy and efficiency.

As Controller at Ward Products, LLC, I implemented annual financial planning and projections, developed operating budgets, and achieved $500,000 in annualized cost savings. I established a new credit and collection procedure, reducing days outstanding from 60 to 45 days and improving cash flow by $200,000 per month. I coordinated new project start-ups and tracked revenue versus expense, achieving a minimum 25% return on investment for all projects. I negotiated with key suppliers to extend payable terms to 90 days, resulting in a $300,000 increased cash flow. As a management team member, I oversaw all financial systems and procedures, including inventory control, purchasing, accounts receivable, and accounts payable.

• As an Administrative Services Manager/Plant Controller at Hershey Foods, I was awarded the PROJECT CHILL for merger and acquisition analysis, contributing to Hershey's acquisition of several brands. I developed a standard cost system, resulting in $100,000 annualized savings using SAP. I played a key role in the SAP implementation, coordinating training sessions, and receiving the Quality Through Excellence award. I investigated and directed personnel in troubleshooting production and material consumption reporting. I prepared month-end financial statements and variance analysis, presenting results to senior management. I managed the fixed asset ledger, approved internal orders, and prepared yearly budgets, resulting in significant annualized cost savings.

In my earlier role at Hershey Foods, I established month-end closing procedures, prepared month-end journal entries, financial statements, cash flows, and all required supporting schedules. I coordinated periodic and perpetual inventories of finished goods, raw, and packaging materials. I implemented a new standard cost system and installed the JD Edwards general ledger and financial analysis package.