Jerry Bhigroog
New York,NY
Summary
Qualified, knowledgeable professional with 15+ years of experience in financial reporting, cash management, and process improvement, within various industries. Skilled in communicating with executives and collaborating with various members of the organization to achieve business and financial objectives. Highly adept at increasing cost efficiency, enhancing profitability through strategic planning, and proactively identifying opportunities for growth and improvement. Proficient in time management, accounting software, and problem solving.
Overview
32
32
years of professional experience
Work History
Finance Director
Laderach NA
New York
01.2022 - Current
- Successfully managed a team of 6 finance professionals, overseeing all accounting and finance operations and report into the global CFO
- Prepared and presented monthly and quarterly financial reports to senior management
- Lead the budgeting forecasting and analysis for all 40 retail stores and departments
- Managed cashflow and liquidity daily, ensuring optimal cash management
- Developed and implemented financial policies, procedures, controls and reporting systems
- Development and analysis of Retail KPIs
- Negotiated complex banking and financial agreements with external partners
- Deliver financial analyses as needed, for capital investments, pricing decisions, and contract negotiations
- Strategized with the CFO/President regarding the future of the organization
- Responsible for new stores opening – business cases, review lease with attorney for accuracy, establish LOC with bank, manage the build out costs
- Responsible for legal, insurance, health insurance and tax compliance mater for Laderach US & Canada.
Controller
CATER TO YOU FOOD SERVICES
New York
01.2018 - 01.2022
- Manage and oversee all aspects of the company's accounting function, including general ledger, accounts payable, accounts receivable, payroll, financial consolidations, month-end close processes, and tax coordination to ensure compliance with tax regulations
- Supervised team of 4 professionals and provided coaching, feedback, and development opportunities to staff members
- Provide monthly budgeted-to-actual results for each cost center highlighting labor, food and beverage costs, cash flows and profitability—comparing monthly actuals to budgets and forecasts
- Prepared monthly reporting package which includes P&L, Balance Sheet, Cash Flow, and operating metrics for senior management
- Ensured compliance with local, state, and federal government reporting requirements and tax filing
- Streamline processes and communicate and update the COO on progress and developments; formulate goals and objectives with measurable results
- Deliver financial analyses as needed, for capital investments, pricing decisions, and contract negotiations
- Collaborate effectively with key departments, to align financial goals and initiatives, ensuring a cohesive approach to the company’s strategy
- Lead budgeting and forecasting process, and operational analytics
- Coordinate and manage the annual external audit process, including preparation of audit schedules, liaising with auditors, and ensuring timely completion of audit deliverables related to WIP calculations, consolidation adjustments, and tax reporting.
Interim Controller
BAKED BY MELISSA
New York
01.2016 - 01.2018
LaderachLaderach
- Successfully enhanced internal controls by developing and implementing accounting policies and procedures
- Efficiently reduced annual audit fees by $15K and implemented a new ERP system, resulting in cost savings in headcount; reduced month-end closing by 5 business days
- Supervise staff of three as a team (Payroll, Accountant & AP) and directly report to COO
- Managing all financial and accounting operations, preparing, and publishing timely monthly financial statement
- Coordinating and directing the preparation of the budget, financial forecasts, and report variances
- Manage the implementation of internal controls including the safeguarding of cash transactions at retail and inventory controls
- Oversee the establishment and cover of insurance: worker’s comp, general liability, media liability, etc
- Manage and comply with local, state and federal government reporting requirements and tax fillings
- Hands on monitoring and collaboration with operations to improve direct labor at both Plant and Retail Stories
- Update and inform senior management immediately of procedural and weaknesses in internal financial control and accounting policies.
Director of Finance
ELI’S ZABAR
New York
01.2014 - 01.2016
- Direct/execute all functions of accounting operations and oversee all transactions related to general ledger, receivables, payables, payrolls, and financial reporting
- Manage accounting and financial reporting including expense reporting, appropriation accounting, cash management, revenue accounting and billing
- Efficiently installed numerous new controls, leading to improved revenue recognition and control of company assets
- Recruited, trained and managed staff of seven Senior Accountants, Staff Accountants, payroll, bursar, and AP / AR Professionals
- Introduced a monthly financial package which included cash flow, balance sheets and P&L, as well as variance reports for monthly revenues and expenses and lead the budgeting forecasting process
- Upgraded accounting, reporting, and ERP systems, introduced standard chart of accounts, and developed automated revenue recognition and financial reporting capabilities
- Streamlined monthly financial reports to improve accuracy for reliability; strengthened authorized approval procedures to enhance documentation and tracking of activity in AP/AR, purchasing, payroll, and inventory areas
- As true business partner to the CFO, assess organizational performance against both the annual budget and company long Co–term goal
- Negotiated a 10% reduction in food costs, while maintaining peak quality level monitoring waste, resulting in 5% savings
- Responsible of all Cash Management- weekly/monthly cash flow, banking, investment, and future cash flow planning
- Oversee preparation of financial statements
- Review all month-end closing activities, including general ledger, balance sheet reconciliations.
Corporate Controller
BR GUEST LLC
New York
01.2012 - 01.2014
- Operated as the Finance and Accounting Subject Matter Expert for the organization, while collaborating with the CFO and GM to develop and manage annual budgets for the $150M hospitality company
- Generated and distributed full monthly financial packages for management and the board; communicated with the appropriate management levels to discuss variances
- Managed and oversaw the Company’s finance and accounting functions including all books and records- P&L, Balance Sheet, Cash flow, Budgeting, Forecasting, GL, AR, AP, Inventory and Payroll
- Created and managed strategic relationships with external Finance & Accounting service providers, including banks, insurance brokers
- Tax expertise and auditors
- Led development of financial policies and procedures for internal control
- Supervised finance and accounting department and managed staff of seven, Five Accountants, AP Manager and, financial analyst
- Improved overall reporting system providing more accurate and faster financial reports
- Responsible of monthly, quarterly and annual tax filing.
Financial Controller
French Culinary Institute
01.2006 - 01.2012
Senior Accounting Manager
Covenant House
01.2004 - 01.2006
Retail Controller
Steven Madden Retail, Inc.
01.2001 - 01.2004
Accounting Manager
Supreme Auto Group
01.1992 - 01.2001
Education
Bachelor of Science in Accounting -
York College
MBA -
University of Phoenix
Executive Program in Data Analyst -
Currently
Skills
- Business Forecasting
- Budget Planning
- Financial Forecasting
- Financial statement preparation
- Cash Flow Management
- Reporting
- Investment Management
- Financial Planning
- Strategic Planning
- Organizational Skills
- Account Reconciliation
- Regulatory Compliance
- Business process improvement
- Technology-savvy
Timeline
Finance Director
Laderach NA
01.2022 - Current
Controller
CATER TO YOU FOOD SERVICES
01.2018 - 01.2022
Interim Controller
BAKED BY MELISSA
01.2016 - 01.2018
Director of Finance
ELI’S ZABAR
01.2014 - 01.2016
Corporate Controller
BR GUEST LLC
01.2012 - 01.2014
Financial Controller
French Culinary Institute
01.2006 - 01.2012
Senior Accounting Manager
Covenant House
01.2004 - 01.2006
Retail Controller
Steven Madden Retail, Inc.
01.2001 - 01.2004
Accounting Manager
Supreme Auto Group
01.1992 - 01.2001
Bachelor of Science in Accounting -
York College
MBA -
University of Phoenix
Executive Program in Data Analyst -
Currently
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