Penny D. Serad
Nashville,NC
Summary
Financial Professional Result oriented with a proven ability to identify financially troubled areas within a production, manufacturing or retail facility. Strengths in the following areas: Budgeting/Planning Inventory Control Cost Reduction Analysis Cost & Variance Analysis Project Management Financial Reporting Sarbanes Oxley Training (Implementation and Testing)
Methodical Plant Controller with expertise in analyzing internal controls to safeguard assets and accurately report results. Proficient in implementing lean manufacturing processes. Organized and strategic to effectively lead and motivate employees. Offering over 20 years of cost accounting experience.
Overview
40
40
years of professional experience
Work History
Plant Controller / Financial Manager
Delstar Technologies, Inc/SWM/Mativ
02.2015 - Current
- Oversee General Ledger activities. Manage month end close, Inventory, Balance Sheet accounts, inventory
- Account Reconciliations
- Financial statement preparation and analysis
- Costing for new products; create Bill of Materials for new products
- ERP implementation Infor LN 10.7
- Inventory management – daily & weekly reconciliation for inventory control; annual physical inventories
- Month End Close
- Point of contact for inventory tracking and questions
- Daily Production Reporting & Analysis including: Downtime Recap, Efficiency Reporting
- Reporting of Continuous Improvements Projects
- Variance reconciliation
- Identify, research, and correct issues relating to production and inventory
- A nonwoven manufacturing facility equipped with two carded through-air bonded lines and two carded needle punch lines. Specialized in producing both mechanical and triboelectric air filtration media designed for MERV 8-13 applications, serving HVAC needs in both residential and commercial markets. Additionally, the facility housed two converting lines dedicated to precision cutting of sheets from extruded square and diamond net roll goods, tailored for industrial applications.
Accounting Manager
Atlantic Natural Foods, LLC
01.2013 - 01.2015
- Responsible for daily, weekly and monthly accounting tasks and activities relating to financial reporting.
- Responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements as well as making recommendations to the CFO for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial reporting.
- Supervision of two staff accountants; as well as managing the team to ensure that work is properly allocated and completed in a timely and accurate manner.
- This position addresses tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, year-end audit preparation and the support of budget and forecast activities.
- Obtain and maintain a thorough understanding of the financial reporting and general ledger structure
- Ensure the timely reporting of all monthly financial information
- Bill of Materials/New Item set up; Cost Modeling
- Inventory Reconciliations/Adjustments for all warehouses
- Manage Pre-paid Accounts and Monthly Accruals, Cash Receipts
- Mock Recall
- Deduction Management
- Continuous Improvement Reporting
- Process Improvement Reporting; ERP Improvements
- A leading manufacturer of canned analog meatless “meat style” protein products with a target profile of high in protein, low in fat, and completely meat-free.
General Manager
Eatman Leasing, Inc.
01.2009 - 01.2013
- Responsibilities include accounts receivable, accounts payable, maintaining fixed assets, payroll, and preparation of documentation as required by local Division of Motor Vehicles, all truck rentals with Budget.
- A family owned and operated business for over 40 years serving Eastern North Carolina in new and used vehicle sales, individual leasing as well as corporate fleet leasing.
Financial Analyst
Halifax Regional Medical Center
01.2008 - 01.2009
- Duties included assisting in the preparation of the operational budget; review and analyze departmental budget requests.
- Advise departments regarding changes in budgets to meet Medical Center requirements.
- Assist with monitoring budget expenditures and prepare written reports and analysis to management setting forth progress, adverse trends and appropriate recommendations or conclusions.
- Prepare and coordinate distribution of various financial reports and analyses for higher management and external agencies to include financial analysis of individual departments to Medical Center operations.
- Maintain liaison with departmental business managers and administrative staff in the preparation and analysis of financial reports to provide information and to resolve problems concerning variances from approved budget.
- Provide information to various external agencies and professional organizations concerning fiscal operations.
- Journal entries and account reconciliations as well as financial reviews monthly.
- This position reports directly to the Chief Financial Officer.
- A not-for-profit, community-based 208 bed healthcare organization which employees 800+.
Plant Controller
Berry Plastics
01.1986 - 01.2008
- Responsibilities included ensuring proper procedures were followed and internal controls were in place.
- Major functions include month end close, balance sheet account reconciliation, variance analysis, capital equipment request preparation, budgeting, inventory control, weekly and monthly forecasting.
- Essential Functions:
- Review all Office and Accounting Activities, including but not limited to accounts payable, payroll, shipping, receiving, production reporting, and inventory control.
- Train and supervise accounting staff
- Compute and Prepare Financial Reports
- Calculating and Verifying Journal Entry Work Sheets Prior to Closing General Ledger
- Preparation of Monthly Operating Reports
- Posting of all Physical Inventory Counts
- Review accounts payable vouchers for proper coding, approvals, and supporting documentation in accordance with limits set in the company’s policy manual.
- Coordinate preparation of month-end plant closing activities as directed by corporate accounting
- Review all month end inventory reports for valuation errors and overall reasonableness
- Follow up on slow moving or obsolete inventories to ensure prompt resolution and disposal
- Responsible for ensuring that the Accounting Records are maintained at this location in accordance with limits set in the company’s policy manual
- Coordinate preparation of annual budget process (Direct Labor, Variable Spending, Fixed Spending, Packaging Cost and Raw Material Costs)
- Responsible for audits performed at this facility by the following: Price Waterhouse, Tyco Internal Audit Team, NC Sales & Use Tax, Deloitte & Touché (Internal Audit and Sox404 Compliance Testing)
- Maintain Software/Hardware for this Facility, Server Maintenance, Pearle Controller Maintenance and Installation
- Responsibilities for plant financial reporting and performance of 400,000+ square foot manufacturing facility employing 400+. This facility manufactures polyethylene film products.
- Previous Names: Covalence Plastics, Tyco Plastics, Carlisle Plastics, Poly Tech
Education
Accounting & Business Major
Wesleyan College
Skills
- Proficient in Microsoft Office Suite; Windows XP, Windows Vista, Microsoft Office, PowerPoint, Excel, Word, AS400, BPCS, JD Edwards, Lotus Notes, Meditech, API Labor WorkX, , Quick Books Professional, , SysPro, Visio, Infor (LN107), OneStream, Blackline
Timeline
Plant Controller / Financial Manager
Delstar Technologies, Inc/SWM/Mativ
02.2015 - Current
Accounting Manager
Atlantic Natural Foods, LLC
01.2013 - 01.2015
General Manager
Eatman Leasing, Inc.
01.2009 - 01.2013
Financial Analyst
Halifax Regional Medical Center
01.2008 - 01.2009
Plant Controller
Berry Plastics
01.1986 - 01.2008
Accounting & Business Major
Wesleyan College