ARTHUR BOCK
OLD BRIDGE,NJ
Summary
Seasoned accounting executive with diversified public/private accounting and managerial experience including accounting, finance, treasury, taxation and operations. Experience profile includes internal and external reporting, internal controls, strategic and tax planning, team building, profit enhancement, human resources and multi-location operations management.
Overview
44
44
years of professional experience
Work History
Chief Financial Officer
Allstate Sales Group, Inc.
09.2021 - Current
- A Telecommunication Industry Organization with sales in excess of 115 Million Dollars
- Changed the setup of an acquired company from an S Corp to a C Corp resulted in saving the company in excess of 2 million tax dollars
- Noticed that the company was paying state disability to the state and a private plan for over 3 years, recovered from New Jersey $150,000
- Managed budgets and financial reporting for nine companies monthly including all bank reporting
- Was responsible for negotiating new bank financing with a new bank increasing all Asset Based Lending terms from 8 Million to 15 Million and receivable terms from 80% to 87.5%
- Supplied monthly borrowing base and quarterly covenant calculations for the bank
- Was responsible for converting our entire accounting platform from Microsoft Dynamics to Microsoft 365 in one year for all nine companies.
Chief Financial Officer
Motivated Security Services Inc.
01.2011 - 09.2021
- A Security Guard Industry Organization with sales in excess of 25 million
- Handled multiple unions and negotiated union contracts
- Was responsible for the overall pricing of all government contracts
- Managed budgets and financial reporting for the company
- Managed all vendor, fleet, Insurance and customer relationships
- Supplied monthly borrowing base and quarterly covenant calculations for the bank
- Managed the transition to a Professional Employment Organization to save over $700,000 in workers compensation and state unemployment
- Negotiated with surety company to get a return of premium of $75,000 due to reduced coverage in our largest bonded job due to COVID
- Reduced Insurance Premiums by over 50% by switching from a conventional health plan to a captive insurance contract.
Chief Financial Officer/ Chief Operating Officer
Ascencea LLC/Affiliated Mortgage Protection LLC
07.2005 - 12.2011
- An Insurance Marketing Organization with sales in excess of 50 million Dollars
- Managed a staff of over 25 employees and 400 insurance sales agents
- Prepared and analyzed monthly financial statements for the bank as well as year end reports for outside auditors
- Supplied bank with covenants to satisfy loan requirements on a quarterly basis
- Worked with investment bankers to gather information for the business plan and to prepare the company for sale
- Maintained and procured external relationships with all banking staff, legal counsel and accountants
- Managed weekly commission reports to verify that the company was being paid correctly by analyzing excel spreadsheets downloaded from insurance carriers
- Developed a system to track the mailing of over 400,000 letters a week to over 30 states, maximizing postal discounts
- Worked with our case managers to analyze open requirements on insurance policies to get policies paid.
Chief Financial Officer/ Chief Operating Officer
Fritze KeySpan
11.1998 - 02.2005
- A heating and air conditioning company with sales in excess of 60 Million Dollars
- Managed a staff of over 400 employees for KeySpan Energy's unregulated New Jersey division
- Managed a staff of forty in the financial and administrative areas including payroll, job costing, accounts receivable and payable, inventory, general ledger, budgeting and forecasting
- Reduced Insurance Premiums by over 50% by switching from a conventional health plan to a self-funded health plan
- Prepared and analyzed financial statements and reports
- Maintained and procured external relationships with bank representatives, legal counsel, corporate internal auditors and consultants
- Reduced G&A expense through reductions in payroll and insurance premiums
- Reduced outstanding receivable through tighter credit and collection procedures and billing practices
- Directed the maintenance of general and subsidiary ledgers, payable, receivable, job cost, operating expenses and revenue distribution
- Maintained adherence to corporate accounting policies and procedures
- Built and developed a cohesive accounting team
- Established goals for corporate accounting
- Was in charge of all technical accounting
- Was responsible for all GAAP matters
- Implemented Sarbanes-Oxley compliance through documentation and review of the present policies and procedures with corporate internal auditing staff
- Negotiated all union contracts with legal counsel.
Vice President-Controller
Philip Fritze & Sons
07.1988 - 11.1998
- A heating and air conditioning company with sales in excess of 40 Million Dollars
- Managed a staff of thirty in financial and administrative areas including payroll, job costing, accounts receivable and payable, inventory, general ledger, budgets and forecasts
- Prepared and analyzed financial statements
- Maintained and procured external relationships with bank representatives, legal counsel and accountants
- Responsible for accounts receivable and payable, credit and collections, payroll, job costing, general ledger, budgets, forecasts, margin and variance analysis
- Designed and implemented a policy and procedure manual
- Prepared all tax returns and tax planning
- Managed the company's strategic planning and modeling
- Maintained books and records for pension and profit sharing plan
- Worked closely with the company's owner on a day-to-day basis.
Audit Supervisor
Ferro Berdon & Company, CPA's
01.1981 - 01.1988
- A medium size public accounting firm with areas of experience in the Manufacturing, Retail, Insurance and Construction industries
- Prepared various tax returns and SEC reporting
- Certified and reviewed audits, supervising a staff of six
- Preparation and reviewed scheduling
- Held Client relationships
- Issued Financial Statements.
Education
Bachelor of Arts in Accounting -
Queens College
Skills
- Microsoft Dynamics
- Microsoft 365
- Timberline
- CMAS
- Excel
- Windows
- DOS
- Word
- Power Point
- Quick Books
- Pro Systems FX
- Tax Act
- Lotus
- All IBM PC's and mainframes
Affiliations
- NYSSCPA
- AICPA
Run a 30 and over men's baseball league for over 30 years
I have played in the league I run for the first 28 years.
Timeline
Chief Financial Officer
Allstate Sales Group, Inc.
09.2021 - Current
Chief Financial Officer
Motivated Security Services Inc.
01.2011 - 09.2021
Chief Financial Officer/ Chief Operating Officer
Ascencea LLC/Affiliated Mortgage Protection LLC
07.2005 - 12.2011
Chief Financial Officer/ Chief Operating Officer
Fritze KeySpan
11.1998 - 02.2005
Vice President-Controller
Philip Fritze & Sons
07.1988 - 11.1998
Audit Supervisor
Ferro Berdon & Company, CPA's
01.1981 - 01.1988
Bachelor of Arts in Accounting -
Queens College
Similar Profiles
Jose RodriguezJose Rodriguez
Project Manager/Draft Technician 2 at Allstate Sales GroupProject Manager/Draft Technician 2 at Allstate Sales Group
Ajia B. BrownAjia B. Brown
Administrative Assistant at Allstate Sales GroupAdministrative Assistant at Allstate Sales Group
Regina KheirRegina Kheir
Junior Interior Designer at Lillian James Design GroupJunior Interior Designer at Lillian James Design Group
Dalia Abou-AlyDalia Abou-Aly
Security Officer at Securitas Security Services USASecurity Officer at Securitas Security Services USA
Gabriella IadelucaGabriella Iadeluca
Community/Resident Assistant at Bloomsburg University Of PennsylvaniaCommunity/Resident Assistant at Bloomsburg University Of Pennsylvania