Matt DeMelia
Toms River,NJ
Summary
Over thirty years of accounting experience, with expertise in account analysis, quarterly closings, and financial reporting. Self-motivated and conscientious with strong interpersonal and organizational skills. Proven ability to produce high-quality deliverables under tight deadlines. Dedicated and detail-oriented with strong analytical, cost-saving, and problem-solving abilities. Versatile, positive, and reliable professional adept at leading companies through change towards profitable growth. Skilled in team building and leadership.
Overview
24
24
years of professional experience
Work History
Controller
Arbill Industries, Inc.
01.2021 - Current
- Managed the full accounting cycle, including month-end close, financial reporting and variance analysis.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Oversaw the implementation of our fixed assets into our P21 accounting software, streamlining financial reporting and improving data accuracy.
- Accurately completed financial statement year end and bank audits and thoroughly reviewed results.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Optimized financial reporting processes, reducing monthly close time by 40%, and ensuring timely and accurate financial statements
- Managed payroll data entry and processing for 84 employees to comply with predetermined company guidelines.
- Led a team of three, providing guidance and mentorship to ensure timely and accurate financial information.
- Implemented new internal controls to mitigate financial risks and ensure compliance with regulations.
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
Site Controller
Givaudan Flavors Corporation
01.2009 - 01.2021
- Reviewed financial performance against established goals and work with leadership to develop action plans for improved performance.
- Provided analysis to assist operational improvement initiatives, developing and maintaining key performance indicators (KPIs) and site metrics.
- Reviewed departmental performance against key performance indicators and metrics and develop and execute strategies for improvement.
- Recognized annual savings of $200K through improved operating internal processes and negotiated external service contracts.
- Created and implemented financial policies and procedures to identify, resolve and document accounting issues.
- Implemented procedures to make closing and reporting process more efficient and accurate.
- Cash flow management…manage working capital and organizational cash flow forecasting.
- Managed physical inventory (2.5-million-dollar value). Reviewed for turnover, obsolescence and valuation.
- Reviewed tax returns for consistency with financial statements.
Controller
Olympic Limousine Service, Inc.
01.2008 - 01.2009
- Company Overview: (Company closed)
- Created and managed annual operating budgets allocated for personnel, facilities and administrative expenses and updated monthly forecasts.
- Implemented a cash reporting system to reconcile cash daily to better manage cash flow.
- Successfully integrated Sage fixed asset software with our Sage accounting software.
- Setup TDS software and purchase order system for shop to better manage parts inventory.
- Recognized monthly profit and loss savings of $15k by switching payroll, fuel and phone service providers.
- Prepared, maintained and analyzed monthly and quarterly financial statements.
- Prepared and filed quarterly property, sales use and fuel tax returns.
- (Company closed)
Accounting Manager
Systech Solutions Inc.
01.2005 - 01.2008
- Prepared month-end / year-end close financial statements.
- Reconciled balance sheet accounts and reviewed P&L monthly for budget variances.
- Guided the company through successful annual outside audits.
- Oversaw fixed asset accounts to include any additions, disposal of and depreciation calculations.
- Managed domestic and international payroll for 90 employees.
- Generated and prepared miscellaneous income, VAT and sales and use tax returns.
- Streamlined accounting department procedures manual, resulting in increased efficiency and cost savings.
- Improved cash management of accounts receivable to 12 days below company average, reducing annual bad debt expense $80K.
- Switched international banks used for electronic payments recognizing annual cost savings of $96K.
Assistant Controller
Gibbs – Piscataway
01.2002 - 01.2005
- Maintained accurate general ledger overseeing related financial statement and managerial reports.
- Assembled budget/actual comparisons and ratio and trend analysis to identify items requiring follow up.
- Prepared monthly forecasts for each of the schools seven programs based upon monthly population and revenue and prior quarter run rates.
- Established, improved and maintained accounts receivable credit / collection policies that reduced outstanding receivables by 25% year over year.
- Streamlined and oversaw implementation and development of Peoplesoft payroll system ensuring the integration of all reporting processes.
- Monitored inter-company transactions and reconciled accounts.
- Posted financial aid disbursements received to student's ledger cards and reconciled all financial aid accounts during the month-end close process.
Education
Bachelor's Degree - Accounting
Trenton State College
Skills
- P21 Epicor
- Quick Books
- SAP
- Peoplesoft
- Sage
- Platinum
- MAS90
- Preparing financial statements
- GAAP compliance
- Month-end and year-end closings
- Executive leadership advisement
- Internal controls development
Timeline
Controller
Arbill Industries, Inc.
01.2021 - Current
Site Controller
Givaudan Flavors Corporation
01.2009 - 01.2021
Controller
Olympic Limousine Service, Inc.
01.2008 - 01.2009
Accounting Manager
Systech Solutions Inc.
01.2005 - 01.2008
Assistant Controller
Gibbs – Piscataway
01.2002 - 01.2005
Bachelor's Degree - Accounting
Trenton State College
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