Arin Shahnazarian
Granada-Hills,CA
Summary
Offering foundational skills in financial management and strategic planning, eager to learn and develop in dynamic environment. Contributes solid understanding of financial principles and ability to quickly acquire new technical skills. Ready to use and develop proficiency in data analysis and accounting software in Director of Finance role.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Director of Finance
9To5 Seating LLC
10.2020 - Current
- Company Overview: Office chairs manufacturer with ~$70Mil in annual revenues and 180+ employees
- Manages accounting functions on a day-to-day basis including invoicing, accounts receivable, accounts payable, inventory accounting, payroll, treasury management, procurement and general ledger accounting
- Prepares monthly, quarterly and annual financial statements in accordance with US GAAP
- Supervises the preparation of the monthly management financial reporting package, including variance analysis
- Reporting of operational data to key members of leadership team, including key metrics on inventory, profitability, and working capital
- Assists the CFO with preparation and completion of the fiscal year budgeting process, evaluates business unit performance against budget, and develops forecasts to provide an accurate projection of financial performance
- Manages the annual financial audit process performed by independent CPA firm
- Develops, maintains and enhances accounting and finance policies, processes and procedures to comply with US GAAP
- Works with outside CPAs on preparation of annual federal and state income tax returns
- Office chairs manufacturer with ~$70Mil in annual revenues and 180+ employees
- Managed a high-performing finance team, providing guidance and mentorship to foster professional growth and development.
- Collaborated with executive leadership team in developing long-term financial goals, ensuring alignment with overall business objectives.
- Streamlined financial reporting processes by implementing more efficient software systems and optimizing data management.
- Optimized cash flow management through diligent monitoring of receivables, payables, and investment activities.
- Developed accurate monthly forecasts using historical data trends combined with current market conditions for enhanced decision-making capabilities.
- Consolidated financial statements for multiple subsidiaries, ensuring accuracy and compliance with GAAP and IFRS standards.
- Instituted best practices in financial management processes by conducting regular reviews of procedures, policies, and systems for continuous improvement opportunities.
- Provided insightful recommendations for process improvements, contributing to increased operational efficiency across the organization.
- Successfully managed multiple, concurrent projects by prioritizing tasks and allocating resources efficiently.
- Enhanced company profitability with strategic financial planning, budgeting, and forecasting techniques to ensure optimal resource allocation.
- Negotiated favorable vendor contracts by leveraging strong analytical skills and industry knowledge for competitive advantage.
- Improved internal controls and risk management strategies to safeguard company assets and minimize potential losses.
- Reduced overhead costs by identifying inefficiencies and implementing targeted cost-saving measures across various departments.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Verified compliance of financial policies and accounting procedures against federal regulations.
- Reduced process discrepancies through measured implementation of performance reporting and data systems.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Introduced software tools and process improvements to mitigate loss and drive operational growth.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Assisted with recruiting, interviewing, and hiring new department employees.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Supported financial director with special projects and additional job duties.
- Developed strategic plans for day-to-day financial operations.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Utilized financial software to prepare consolidated financial statements.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Created and managed financial models to evaluate corporate investments and acquisitions.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Complied with established internal controls and policies.
- Established and checked coding procedures, monitored reports and updated internal files.
- Evaluated and negotiated contracts to procure favorable financial terms.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
- Performed banking, business administration and financial tasks to guarantee five-star service for clients.
- Conducted financial due diligence on potential investments and acquisitions.
- Designed and maintained financial models to identify and measure risks.
- Created financial dashboards to provide insights into key performance indicators.
Assistant Controller
JBrand Inc.
09.2018 - 10.2020
- Company Overview: Apparel manufacturer with ~ $100M in annual revenues and 150+ employees
- Supervise accounting team including Cost and Inventory Accounting, Accounts Receivable, Accounts Payable and General Ledger Accounting on recording daily transactions, month-end closing journal entries, and reviewing the monthly reports with them
- Calculate, prepare and record dilution journal entries including return reserves, markdown allowances, Co-op advertisement and other chargeback reserves on monthly basis
- Analyze the variances between actual results and budget for sales, dilutions and expenses
- Study and implement new accounting policies provided by headquarter on quarterly basis
- Coordinate internal and external financial auditing including government audits
- Reduce and control the inventory level for e-commerce and wholesales in collaboration with sales and planning department
- Assist the management of the company with identifying inventory items with low IMU and eliminating them from product mix offered to the market for each season
- Apparel manufacturer with ~ $100M in annual revenues and 150+ employees
Inventory and Cost Accounting Manager
JBrand Inc.
11.2016 - 08.2018
- Implement Cost and Inventory Accounting Module in Microsoft Dynamics AX ERP system for company
- Implement and write up policies and standard operating systems (SOP) for Cost and Inventory Accounting for company
- Review and approve the month-end journal entries for raw materials and finished goods inventory reserves for month-end closing
- Review and approve the month-end journal entries for production and purchase price variances prepared by the cost accountant
- Reconcile the inventory reports in the system to the inventory reports received from third party warehouses
- Record the in-transit inventory balances for month-end closing
- Analyze the variances between standard cost and the actual cost of the raw materials and finished goods inventory items
- Analyze the gross margin fluctuations for several divisions and categories of products on monthly basis
- Analyze the gross margin variances between actual and budgeted results
- Update and activate the standard cost sheets for several inventory items in the system on annual basis
- Review and approve cost of goods sold calculations and journal entries for several sales channels for month-end close
- Prepare month-end journal entries to record provision and utilization of the returns, term discounts, customer charge backs, and markdown reserves
- Work with the internal and external auditors to provide the requested supporting documents and schedules for annual financial statements audit
Senior Cost Analyst
Splendid and Ella Moss, a division of VF Corporation
01.2015 - 01.2016
- Company Overview: Apparel manufacturer with ~ $100M in annual revenues and 200+ employees
- Prepare journal entries at month-end to record gross sales, discount, returns, and cost of goods sold for all sales channels and inventory movements in all business areas including retail stores and wholesales
- Aid in the preparation of month-end, quarterly, and year-end schedules, including inventory reconciliations, cost of goods sold reconciliations, inventory roll-forward schedules and inventory reserve requirement
- Prepare forecast for all operating and volume variances, inventory reserve, and other adjustments to standard margin accounts
- Partner with various departments in supply chain to collect, analyze, and monitor charge backs to vendors
- Engage in ad-hoc projects requested by the controller pertaining to audits and process improvement
- Assist inventory control manager with audit counts, data entry support, and variance analysis for physical inventory cycle counts, annual revaluation, weekly inventory movements, and maintenance of standard cost sheets in the system
- Apparel manufacturer with ~ $100M in annual revenues and 200+ employees
Cost Accountant
Strategic Partners, Inc.
11.2009 - 04.2015
- Company Overview: Apparel manufacturer with ~ $300M in annual revenues and 500+ employees
- Participate in the month- end closings and posted more than 50 inventory and cost related journal entries each month
- Oversee the Accounts Payable (A/P) approval system for making payments to raw material suppliers and finished goods contractors
- Perform comprehensive variance analysis, reconcile standard costs with the actual costs on monthly basis, and provide a cost analysis report to the Controller
- Analyze the gross margin fluctuations for different product categories and compare the gross margin percentages to the budget
- Apparel manufacturer with ~ $300M in annual revenues and 500+ employees
Education
Master of Science - Accounting
Beheshti University
01.2006
Bachelor of Science - Accounting
Azad University
01.2003
Skills
- Advanced Microsoft Office (Excel, Word, Access, PowerPoint, Outlook)
- Microsoft Dynamics AX
- Infor Visual
- MAS 500
- Business Objects
- FRx reporting tool
- Full Circle (ERP)
Certification
- Certified Public Accountant (CPA) - American Institute of Certified Public Accountants (AICPA).
Languages
English
Full Professional
Armenian
Native or Bilingual
Persian
Native or Bilingual
Timeline
Director of Finance
9To5 Seating LLC
10.2020 - Current
Assistant Controller
JBrand Inc.
09.2018 - 10.2020
Inventory and Cost Accounting Manager
JBrand Inc.
11.2016 - 08.2018
Senior Cost Analyst
Splendid and Ella Moss, a division of VF Corporation
01.2015 - 01.2016
Cost Accountant
Strategic Partners, Inc.
11.2009 - 04.2015
Master of Science - Accounting
Beheshti University
Bachelor of Science - Accounting
Azad University
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