PAUL J. PERRELLA
Service Stars
Southbury,CT
28
years of professional experience
Highly effective and dedicated accounting and financial professional specializing in finance and operations with experience in wholesale, distributing, insurance, service provider, and furniture manufacturing and custom installation industries. Proficient in the areas of cash flow forecasting, budgetary planning, and productivity metrics. Noted for insightful analysis, team management, and cross-functional collaboration along with excellent written and verbal communication capabilities. Well versed in accounting, insurance policies, reporting and multi state sales taxes.
Work History
Accountant/Controller
1 Year 3 Months- Managed accounting and reporting process, cleaned up GL, and corrected mispostings and application of accounting principles. Streamlined payroll recording process, fixed FA schedule and depreciation entries, gathered information for personal property tax filings, and filed initial return with municipality after 10 years of non-filing; guided owners in selecting new external accounting firm and initial state sales tax filing. Introduced deferral of revenue recognition in accordance with accounting principles, improving accuracy of revenue matching with COGS.
- Managed financial statements and ensured compliance with regulatory standards.
- Streamlined month-end close processes, enhancing overall efficiency and accuracy.
- Led annual budget preparation, aligning departmental goals with company objectives.
Assistant Controller
1 Year 10 Months- Executed month-end close, produced financial and management reports, monitored contract structure, managed contract payments, and calculated commissions and payouts, calculated WIP and inventory, served as backup for all Controller responsibilities.
Controller
1 Year 9 Months- Managed accounting for three LLCs: operating company, holding company, parent company. Maintained general ledger and monthly close, established accounting procedures, scheduled and executed timely payments of payables, prepared bank reconciliations, oversaw bank activity for all three LLCs, executed special projects as requested by owner, classified and recorded multiple credit card transactions to GL and reconciled to statements.
Controller
1 Year 5 Months- Responsible for all accounting duties for multiple entities, LT and ST cash flow projections, preparing monthly financial statements, financial analysis and development of key performance indicators, CT SBE Certification application, improving workflow/processes where able.
Accountant/Bookkeeper
7 Months- Perform write up work for tax busy season
Controller
6 Months- Monitored all input to general ledger, worked with sales and customer service to reconcile cash receipt issues and establish credit limits, produced monthly financial statements, booked variances from standard costs, prepared sales reports & profit incentive reports for management, managed revised product costs entry to system
Controller
6 Months- Managed accounts payable and receivable, cash management, collections, credit card usage for seven users, and maintenance for 18 company residences
- Established cost centers for 18 residence centers to highlight individual profitability
- Collected past due rents from three clients, recovering $2,800
Controller
3 Years- Managed the accounting function for plumbing wholesaler, maintained the general ledger, oversaw accounting staff of two, payroll process including calculation and implementation of all employee deductions, employee benefits administration, sales tax returns, property tax filings and returns, maintained daily available cash balance, managed worker compensation audits, oversaw AR, AP, and credit collections efforts.
- Reorganized payroll reporting process, achieving time savings of nearly 40%.
- Corrected company miscalculation of employee reimbursements for AFLAC insurance, saving the company $2,300 per year
- Identified and eliminated ongoing 15-year overpayment of employee health coverage, saving company $4,000 annually.
Controller
14 Years- Responsible for all aspects of the accounting and finance functions, month and year-end closes and AJEs, performed all payroll and HR duties, prepared multi-state sales tax returns, prepared property tax returns and filings, managed cash balances and reconciled multiple cash accounts, prepared and presented monthly financial statements, performed account reconciliations for all GL accounts, administered 401K plan and all employee benefits, procured business liability and employee health insurance.
- Operated MAS 90/Sage 100 software for accounting tasks
- Reduced health care premiums by approximately 18% without a reduction in coverage
- Negotiated 20% lower monthly fee from factoring agent
- Reduced outside accounting fees by nearly 30% through improved efficiency and accuracy in financial processes.
- My analysis and research allowed company to recover $25,000 in illegal property tax fees/charges from a municipality
- Effective cash management allowed company to move away from factoring agent to conventional line of credit, saving $22,000/year
- Uncovered and rectified employee’s illegitimate use of company credit card, saving company $12,000
Education
Bachelor of Arts - Economics, History & Mathematics
MBA Program
Accounting courses taken equivalent to major, additional courses in taxation.
Skills
Accounting/Finance
Month/Year End Close
Financial Statements
Strategic Planning
Variance Analysis
Liability insurance procurement
Team Supervision
Multi State Sales Tax
Bank Relations/Financing
Human Resources
Employee benefits/401K administration
Property Tax
Payroll Compliance
Cash Flow Management
Collections management
Sage MAS90/Sage100
Epicor Solar Eclipse
QuickBooks Online and Desktop
Timeline
Accountant/Controller
Service Stars
04.2025 - 07.2026Read More
Assistant Controller
Christopher Peacock Home
11.2022 - 09.2024Read More
Controller
Servpro of the Farmington Valley LLC
01.2021 - 10.2022Read More
Controller
CT Sealcoating LLC
08.2019 - 01.2021Read More
Accountant/Bookkeeper
McKenna and Dyer LLC
12.2018 - 07.2019Read More
Controller
OGS Technologies, Inc.
03.2017 - 09.2017Read More
Controller
Mindscape Industries, LLC
04.2016 - 10.2016Read More
Controller
Cunningham Supply
01.2013 - 01.2016Read More
Controller
2001 Inc.
01.1999 - 01.2013Read More
University of Connecticut
MBA Program
Read More
College of the Holy Cross
Bachelor of Arts from Economics, History & Mathematics
Read More