Summary
Overview
Work History
Education
Skills
Timeline
Generic

VERONICA ARIAS

Long Island City,NY

Summary

Results driven financial professional with a proven successful record in leading month-end closing processes, financial statement preparation, budgeting, forecasting, and strategic financial analysis. I am eager to take on a dynamic position as a Financial Reporting Lead, leveraging my skills to enhance efficiency, ensure accuracy and compliance, and promote data-driven decision-making while encouraging collaboration across departments.

Overview

13
13
years of professional experience

Work History

Accounting Manager

PAT MCGRATH COSMETICS, LLC
09.2021 - Current
  • Lead month-end closing procedures, overseeing tasks such as journal entry management, amortization and depreciation schedule review, accrual processing, and reconciliation of general ledger, bank, and credit card accounts
  • Consistently ensure compliance with established close timelines, resulting in the maintenance of meticulous and accurate financial records
  • Partner closely with the Corporate Controller to conduct meticulous reviews of financial data, ensuring precision and full compliance with GAAP reporting standards
  • Publish high-quality financial statements in a timely manner with insightful analysis to drive efficiency, consistency, and facilitate targeted discussions on key financial topics
  • Active participant in annual budget planning processes, analyze monthly financial results to monitor variances versus forecasted budget
  • Work closely with department heads to provide detailed analysis of actual spending compared to budget forecasts, ensuring ongoing monitoring of budget adherence
  • Perform comprehensive analysis of sales data to facilitate accurate royalty calculations and accruals
  • Calculate and maintain purchase price schedule tailored to a diverse mix of customers, considering their individual price levels and FX rates.

Senior Accounting Manager

BURROW, INC.
01.2021 - 08.2021
  • Responsible for the various ledgers including cash disbursements, cash receipts, accounts payable, month-end payroll summary, accounts receivable summary, and journal entries to adjust the general ledger
  • Supervised and coordinated direct reports, including facilitating timely monthly, quarterly, and annual closings in accordance with corporate closing checklists
  • Analyzed variances between actual operating results and planned budgets monthly
  • Maintained accuracy, G/L, Month End, journal entries, bank reconciliation and financial statements
  • Reviewed balance sheet account reconciliations and identified expense accruals
  • Streamlined operations by performing ad hoc projects and requests as assigned by the CFO and cross-functional departments.

Senior Accounting Manager

EXPANSCIENCE LABORATORIES DBA MUSTELA
02.2018 - 08.2020
  • Supervised daily accounting operations of Accounts Payable and Receivable
  • Authorize weekly processing of A/P invoice booking and prioritization of payment processing
  • Monitored A/R function, reviewed daily deposits of checks, cash, and credit card payments
  • Enforce timely collections of outstanding customer payments
  • Ensured accurate reporting of inventory quantities and pricing, conducted daily inventory reconciliation reviews
  • Owned GL Accounting (all general ledgers, Revenue and AR reserves, Accruals, Cash and Fixed Assets, key balance sheet reserves, roll-forwards)
  • Lead month-end close activities, variance analysis and reconciliations for various balance sheet and income statement accounts
  • Trained and mentored a two-member team
  • Conveyed regular communication of financial statements to HQ in France
  • Assisted other departments with P&L analysis for the preparation and development of the annual budget
  • Key accomplishments: Reduced Day Sales Outstanding (DSO) from 65 days to 45 days- cash flow shot up 10%
  • Integrated weekly chargeback appeal process increasing company profit by eliminating 25% of auto deductions
  • Teamed with VP of Finance in the successful incorporation of acquired Babo Botanicals financials and incorporation and onboarding of new hires.

Accounting Manager

05.2016 - 02.2018
  • Collaborated cross-departmentally to ensure efficiency and adherence to SOPs for financial processes
  • Manage all accounting operations including Billing, A/R, A/P, GL Cost Accounting, and Revenue Recognition
  • Lead multiple bank reconciliations investigated and resolved discrepancies
  • Assists with external audits (financial and sales/use tax), including preparation of audit schedules, audited financial statements and footnotes
  • Recruited, mentored, and developed a high performing team; encouraged their growth, goal setting and career development
  • Key accomplishments: Eliminated 25% of vendor late fees in a 3-month period by incorporating weekly check runs and set up of auto payments
  • Reduced month-end close completion time from 7 to 5 days, improving P&L analysis and financial reporting time to HQ
  • Created 17% increase in monthly cash flow by implementing corporate credit card rewards program.

Assistant Accounting Manager

01.2011 - 05.2016
  • Spear headed the relocation of the Accounting Department from Chicago to NYC
  • Supervised invoice processing, purchase orders, and expense reports
  • Generated financial statements and AR aging reports for management review
  • Increased collection efforts from independent customers and enforced credit limit guidelines
  • Functioned as the main point of accounting contact to the day-to-day finance issues within the NYC office including work and on-going communication with other departments
  • Generated daily Sales analysis reports
  • Implemented bi-weekly AR aging reports review and analysis to identify risk accounts
  • Key Accomplishments: Streamlined accounts payable processes by enforcing expense approval at time of submission optimizing workflow, reducing late fees by 20%
  • Designed, implemented, and monitored internal controls, established authorizations and pre-approval requirements, credit application policies for customers improving efficiency within 5 months to support our company goals and objectives
  • Collected $250K of delinquent receivables, eliminating the need for a third-party collection agency.

Education

Skills

  • NetSuite
  • QuickBooks
  • JD Edwards
  • Billcom
  • Avalara
  • SAP Concur
  • Tallie
  • Shopify
  • Adyen
  • Braintree
  • MS Office (Word, Excel, PowerPoint, and Outlook)
  • Slack
  • Full Cycle Accounting
  • Billing and Collections
  • Month End Close
  • Financial Analysis & Reporting
  • Chargeback Analysis
  • E-comm Platforms & Sales Taxes
  • Managing A/R & A/P team
  • Cash Flow Management
  • Internal & External Audits
  • General Ledger Accounting
  • Financial Statements Expertise
  • Bank Reconciliation
  • Financial Data Analysis
  • Accounts Receivable Management
  • AP and AR Management
  • Collections

Timeline

Accounting Manager

PAT MCGRATH COSMETICS, LLC
09.2021 - Current

Senior Accounting Manager

BURROW, INC.
01.2021 - 08.2021

Senior Accounting Manager

EXPANSCIENCE LABORATORIES DBA MUSTELA
02.2018 - 08.2020

Accounting Manager

05.2016 - 02.2018

Assistant Accounting Manager

01.2011 - 05.2016

VERONICA ARIAS