Summary
Overview
Work History
Education
Skills
Timeline
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HANI GAD, CPA

Freehold,NJ

Summary

Certified Public Accountant licensed in the state of New Jersey. I am a conscientious and dedicated CPA with +20 years of experience in both public and private accounting. I have a diverse accounting background, work well independently, have strong problem-solving skills, master new concepts and processes quickly, am a leader and a team player, and have instituted numerous process improvements. My qualifications include the following:

  • Statutory and GAAP Accounting.
  • Taxes.
  • Leadership.
  • Sox Compliance.
  • System implementation and process improvement.
  • Analytical and problem solving.

Overview

29
29
years of professional experience

Work History

CORPORATE FINANCIAL CONTROLLER

Tourneau, LLC
New York
06.2017 - Current
  • Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving accurate financial reporting.
  • Oversee month-end closing process, prepared financial statements and managed advanced reconciliations.
  • Maintain a documented system of accounting policies and procedures.
  • Comply with local, state, and federal government reporting requirements and tax filings.
  • Manage all audits (annual financial audit, tax audits, etc.).
  • Assessing current accounting operations, offering recommendations for improvement and implementing new processes.
  • Maintained general ledger and chart of accounts, performed complex accounting functions such as journal entry preparation, account analysis, balance sheet reconciliation.
  • Coordinate the preparation of the corporate annual report.
  • Developed annual budget and compared actual expenses against projected budget.
  • Coordinate the provision of information to external auditors for the annual audit.
  • Monitor debt levels and compliance with debt covenants.
  • Manage staff daily workload, coordinate and review staff work.

GIRLS AND WOMEN’S DIVISION CONTROLLER

Garan Incorporated
New York
08.2016 - 06.2017
  • Worked with Corporate Financial Management (including the CFO, CEO, etc.) as key liaison for all divisional related corporate financial requirements including among other items, quarter/year-end closing, markdown evaluations, etc.
  • Oversaw the preparation of financial statements in accordance with GAAP standards.
  • Developed and maintained a system for tracking financial performance metrics, including budgeting, forecasting, variance analysis, and actuals.
  • Analyzed actual divisional results each month to identify operational variances.
  • Research these variances, then summarized and communicated these differences to Senior Divisional Management with possible solutions to remedy the cause.
  • Created seasonal product-line profitability financial plans (i.e. Line plans') to assist management when determining selling prices when business is being quoted to buyers.
  • Developed estimated product costs and related gross profits, by working with design, costing and engineering to optimize such costs.
  • Created and monitored actuals against budgets for travel, sample purchases and design costs, among other significant costs controllable by the Division.
  • I was responsible for monitoring company-owned manufacturing plants' performance and efficiency on a weekly basis.
  • Developed input planning with divisional personnel for and in preparation of monthly, quarterly, and yearly financial forecasts.
  • Worked with Senior Divisional leadership, Corporate Management and Divisional staff to ensure finished product is shipped timely and divisional forecasts are achieved, or communicated variances in the supply chain to the appropriate personnel.
  • Negotiated all raw materials prices, and labor with overseas vendors.

FINANCIAL MANAGER

Scoop Management
New York
04.2014 - 08.2016
  • Reported directly to the chief financial officer (CFO), and the chief operating officer (COO).
  • Produced various weekly, monthly, and quarterly reports for senior management, including a weekly update of key performance, gross profit, weeks of supply, and stores traffic reports.
  • I was in charge of Accounts Payable department, overseeing a two person staff
  • Responsibilities included evaluating work flow, negotiating payment terms, resolving disputes, etc
  • Accomplishments include reorganizing the entire department, retrieving 118k of double payments, and unapplied chargebacks
  • Prepared monthly borrowing base certificate and assisted the CFO in the management of the company’s cash flow to ensure optimum use of cash
  • I was responsible for fixed assets accounting, and calculating the monthly depreciation entry
  • In cooperation with the CFO, I designed and implemented financial controls, including accounting policies and procedures, business process improvements, and reporting practices
  • Oversaw various journal entries, to ensure all accounts were reconciled with supporting documentation to ensure timely closing of the company’s books
  • Managed the preparation and review of account reconciliations, both Balance Sheet and P&L, with resolution of all reconciling items, and prepare the financial statements
  • Reconciled all bank statements, credit card accounts, and refute disputed chargebacks
  • Created and maintained company budget model to be used for internal planning, financial performance monitoring, and to comply with requirements of bank loan facility
  • Worked on special projects as requested by the senior management
  • Worked with the CFO on multiple cost saving projects, and contracts.

COST ACCOUNTING MANAGER

Cache, Inc
New York
06.2008 - 04.2014
  • Developed and maintained cost accounting systems to ensure accurate tracking of costs.
  • Prepared periodic reports such as budget variance analysis, balance sheet reconciliations, and income statements.
  • Provided guidance on proper capitalization rules for fixed assets and inventory items.
  • Developed actual costing for all manufactured goods, compared it to the standard cost, and prepared variance reports.
  • Maintained the raw materials inventory of fabric, trim and WIP.
  • Monitoring purchase, receipts, and usage, and reconcile the GL to the Sub ledgers.
  • Analyzed inventory to issue proper reserves for obsolete and slow moving inventory.
  • Calculated COGS on a monthly basis.
  • Recording and analyzing sales, markdown, receipts, return, inventory shrinkage, and calculate the gross margin.
  • Performed month end closing duties including journal entries, accruals, and various financial reports in order to maintain a closing of the books in five days.
  • Calculated actual overhead cost, and true up on a quarterly basis.
  • Worked on various costing projects with VPF, and CFO
  • Worked as a liaison between Production, and A/P to resolve any payment issues with vendors.
  • Negotiated the payments term, and the PO terms with the new vendors.
  • Worked with the VP of Finance to create controls and procedures as to the issuance of PO’s, receiving the goods at the distribution centers, and payment of the invoices
  • Responsible for all year-end audit activities as it pertains to COGS and inventory
  • Worked with outside auditors to adhere to the Sarbanes Oxley requirement for COGS and inventory.

SENIOR COST ACCOUNTANT

Frederick Goldman INC
New York
01.2005 - 06.2008
  • Developed, maintained and updated cost accounting systems to accurately track inventory levels and product costs.
  • Analyzed and evaluated costs associated with production operations to ensure accuracy of product costing information.
  • Monthly perpetual inventory preparation.
  • Valuation of alternative metals inventory.
  • Physical/perpetual reconciliations, including analysis of transactions and physical inventory compilation.
  • Prepared sales, bookings and return on daily basis and analyzed the precious metals cost and calculated the gross margin.
  • Developed, monitored and maintained standard process for bill of material accuracy.
  • Prepared, analyzed and tracked monthly excess and obsolete inventory and calculated the proper reserves.
  • Prepared closing entries for month end closing.
  • Provided accounting and related analysis for all monthly standard margin analysis.
  • Assisted with weekly P&L and working capital vs
  • Forecast reporting.

STAFF ACCOUNTANT

St Paul’s Benevolent
Union City, NJ
01.2004 - 01.2005
  • Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
  • Prepared journal entries and posted into ledgers.
  • General administrative and accounting support to the accounting department.
  • Performed wire transfers and assisted A/R and A/P departments.

BOOKKEER AND TAX PREPARATION ASSISTANT

ABC accounting
Jersey City, NJ
01.2003 - 01.2004
  • Responsible for bookkeeping and journal entries
  • Prepared short form taxes
  • Prepared bank deposits
  • Entered data and carried out other various clerical duties.

Senior accountant

Bahi Travel Agency
Cairo, Egypt
01.1995 - 01.2000
  • Helped with accounts receivable
  • Helped with accounts payable
  • Conducted bank reconciliations
  • Participated in internal audit procedures.

Education

• CERTIFIED PUBLIC ACCOUNTANT ( CPA- New Jersey) -

NASBA

Bachelor of Business administration- BBA, Accounting -

New Jersey City University
01.2005

Bachelor of Commerce (Finance & Accounting) -

Ain Shams University
01.1996

Postgraduate degree, management -

Higher Institute For Tourism And Hotels

Skills

  • Microsoft Office
  • Microsoft Word
  • Excel
  • PowerPoint
  • Access
  • Accounting Software: Microsoft Dynamics Great Plains, SAP, AS 400, MAS 90, Navision, ProComm, PLM, and Red horse

Timeline

CORPORATE FINANCIAL CONTROLLER

Tourneau, LLC
06.2017 - Current

GIRLS AND WOMEN’S DIVISION CONTROLLER

Garan Incorporated
08.2016 - 06.2017

FINANCIAL MANAGER

Scoop Management
04.2014 - 08.2016

COST ACCOUNTING MANAGER

Cache, Inc
06.2008 - 04.2014

SENIOR COST ACCOUNTANT

Frederick Goldman INC
01.2005 - 06.2008

STAFF ACCOUNTANT

St Paul’s Benevolent
01.2004 - 01.2005

BOOKKEER AND TAX PREPARATION ASSISTANT

ABC accounting
01.2003 - 01.2004

Senior accountant

Bahi Travel Agency
01.1995 - 01.2000

• CERTIFIED PUBLIC ACCOUNTANT ( CPA- New Jersey) -

NASBA

Bachelor of Business administration- BBA, Accounting -

New Jersey City University

Bachelor of Commerce (Finance & Accounting) -

Ain Shams University

Postgraduate degree, management -

Higher Institute For Tourism And Hotels

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HANI GAD, CPA