Jennifer Gurnsey
Rochester,NY
Summary
Finance leader with extensive experience in mergers and acquisitions (M&A) financial integration and team development. Demonstrated ability to streamline processes, implement new technologies, and drive financial performance improvements. Adept at managing large teams, overseeing complex financial operations, and ensuring compliance with regulatory standards. Known for strategic thinking, problem-solving skills, and a commitment to continuous improvement.
Overview
17
17
years of professional experience
Work History
Director, Financial Shared Services
Transcat, Inc.
Rochester, NY
04.2022 - Current
- Manage three teams with 35+ employees that are responsible for credit, collections, billing, accounts receivable and accounts payable in the US, Canada and Ireland.
- Lead the financial integration of over 20 acquired companies and implement new technology and processes.
- Switched from paper invoice process to a paperless workflow and created a remote, team-based work environment.
- Ran a campaign to switch to credit card payments, which increased our rebate and DPO and reduced interest expense.
- Increased A/R auto cash application and import capability, saving 20+ hours of manual data entry per week.
- Launched overseas contractor program to fill labor needs.
- ERP business owner and expert that works with IT to prioritize development projects.
- Coordinate internal and external audit over revenue, receivables, cash and payables.
Director of Credit, Collections & Billing
Transcat, Inc.
Rochester, NY
05.2019 - 04.2022
- Manage 16 people on the Billing and Credit/Collections teams.
- Responsible for oversight of revenue recognition, credit policies and procedures, managing risk and bad debts, and improving cash flow.
- Created a billing team of 5 and key controls over revenue recognition ASC 606.
- Implemented a CRM to automate the collection processes, which reduced employee hours and credit card fees.
- Improved employee response time, visibility, and internal communications by setting up a case management queue in Salesforce.
- Worked with sales and operations to increase accuracy and ensure proper revenue recognition by providing training, monitoring orders, and improving processes.
- Active member of the Continuous Improvement Committee that strives to increase efficiency and customer satisfaction by collaborating, planning, and executing improvement plans with other departments.
- Participate in acquisition due diligence, process documentation and improvement, and integration planning.
Accounting Manager
Transcat, Inc.
Rochester, NY
06.2016 - 05.2019
- Supervised, trained, and developed a team of 7, managed monthly and quarterly close, SOX 404 compliance, financial reporting, budgeting, variance analysis, general ledger, process improvement, audit coordination, and created and updated accounting policies and procedures
- Reduced expense report processing time by 8 hours per week by setting up, testing, and training employees to use a new software package that can import expense detail into the ERP system and to payroll for reimbursement.
- Worked with ADP to map our general ledger accounts to payroll codes so we can export payroll data and import into our ERP.
- Lead the internal control testing and documentation for SOX compliance through our transition from the requirements of SOX 404a to 404b.
- Completed annual risk assessment and segregation of duties matrix.
- Organized, delegated and reviewed narratives and internal control testing tasks.
- Coordinated with auditors and departments to obtain requested audit documentation.
- Member of the acquisitions and integrations team.
- Responsible for assisting with financial due diligence, process documentation, planning, and integrating financial systems and processes.
Accountant
Flaherty Salmin CPA's
Rochester, NY
10.2013 - 06.2016
- Audited small to medium sized businesses and retirement plans, prepared tax returns for individuals, sole-proprietors, partnerships, and corporations.
- Performed compilation and review services for various businesses and non-profit organizations, prepared financial statements, and provided bookkeeping and consulting services for small businesses.
- Assisted in converting Lacerte software to CCH Tax software for all business clients and sped up the process by creating a macro that saved approximately 15 minutes per client.
Accounting Supervisor
Enterprise Holdings
Rochester, NY
01.2012 - 10.2013
- Managed accounts payable and accounts receivable, supervised a team of five, prepared various financial reports and schedules, and completed monthly financial statement variance analysis.
- Facilitated the execution of a credit card payment system that increased rebate income by 1.32% on credit card payments annually and extended the payables cycle for hundreds of vendors by 25 days.
- Worked with vendors to extend payment terms and come up with mutually beneficial ways to process payables more efficiently by using macros and collaborative tools.
- Developed an accounting intern program for accounts payable and accounts receivable.
- Designed and presented Excel training classes for area managers.
Staff Accountant
Enterprise Holdings
Rochester, NY
04.2011 - 01.2012
- Managed the accounting for rental branches in the Buffalo, NY area and the time & expense reports for managers.
- Reconciled deposits and petty cash, adjusted receivables and wrote off bad debts, prepared and posted journal entries, analyzed expenses, and prepared various management reports and account reconciliations.
Agreement Specialist/Dispatcher
Isaac Heating & Air Conditioning
Rochester, NY
02.2008 - 04.2011
- Handled service agreement questions from customers, technicians, and customer service representatives, completed weekly payroll, and coordinated service calls for 40 technicians based on capabilities, location, and time.
Administrative Assistant
Technical Systems Group
Rochester, NY
09.2010 - 03.2011
- Prepared payroll for 28 employees, posted weekly job costing journal entries in QuickBooks, and determined the percentage of completion on large jobs while answering service calls and dispatching a team of 15 technicians.
Intern
Flaherty Salmin CPA's
Rochester, NY
10.2009 - 04.2010
Accounting Associate
Office Team
01.2008 - 07.2008
- Processed invoices and payments, reviewed credit limits, and managed office supply ordering and inventory.
Education
Master of Science in Accountancy - Accounting
Simon Graduate School of Business - University of Rochester
Rochester, NY05.2012
Bachelor of Science in Accounting - Accounting
The College at Brockport, State University of New York
Brockport, NY05.2010
Skills
- Strategic management
- Financial reporting
- Acquisitions and integrations
- Team development
- Strong communication
- Internal controls
- Financial analysis
- Budgeting and forecasting
Affiliations
2022 – Present / Member, Simon Women’s Alliance
2021 – 2023 / Student Mentor, Meliora Collective, University of Rochester
2012 -2013 / Treasurer, Rochester High-noon Toastmasters, Rochester, NY
Timeline
Director, Financial Shared Services
Transcat, Inc.
04.2022 - Current
Director of Credit, Collections & Billing
Transcat, Inc.
05.2019 - 04.2022
Accounting Manager
Transcat, Inc.
06.2016 - 05.2019
Accountant
Flaherty Salmin CPA's
10.2013 - 06.2016
Accounting Supervisor
Enterprise Holdings
01.2012 - 10.2013
Staff Accountant
Enterprise Holdings
04.2011 - 01.2012
Administrative Assistant
Technical Systems Group
09.2010 - 03.2011
Intern
Flaherty Salmin CPA's
10.2009 - 04.2010
Agreement Specialist/Dispatcher
Isaac Heating & Air Conditioning
02.2008 - 04.2011
Accounting Associate
Office Team
01.2008 - 07.2008
Master of Science in Accountancy - Accounting
Simon Graduate School of Business - University of Rochester
Bachelor of Science in Accounting - Accounting
The College at Brockport, State University of New York