Charles Pace Email & Phone Number

Stamford, Connecticut, Us

Responsible for planning the company growth, acquisition initiatives and all aspects of the accounting & finance activities to provide timely and accurate accounting & financial reporting.

Responsible for all aspects of the accounting & finance activities for the organization in order to provide timely & accurate accounting & financial reporting. This role also provides accounting compliance & financial analysis to support the company's strategic decisions which includes:• Preparing monthly reporting package for 350 centers profit/loss statements to drive profitability and increased cashflow. • Develops strategic and short and long-range financial goals and objectives. • Formulates and updates accounting policies as required.• Directs activities of accounting and financial reporting departments (planning & reporting, accounting, billing, fixed assets, payroll, accounts payable), • Performs routine management tasks that are necessary for efficient operations of a corporate finance function.• Manages annual external audit.Prepares and reviews all financial packages in compliance with internal accounting policies and with GAAP.• Monitors financial results of business, performs financial and operational analysis of each area.• Reviews analysis of activities, costs, operations and forecast data to determine progress toward stated goals. Establishing goals for the annual operating budget.• Maintains budgeting systems that provide control of expenditures. Identifies issues and opportunities regarding expense management initiatives.• Supports special projects and performs financial analysis and financial due diligence for new business segments.

Boston, Ma, Us

Developed and managed the Global Shared Services organization, consisting of the company wide monthly consolidation and reporting, accounting, primary support for SEC reporting & disclosures, Corporate & IT controllership, billing, fixed assets, payroll, accounts payables and procurement. This role included: • Directing activities of global accounting and financial reporting departments.• External & internal financial statement preparation. • Reported and identified working capital opportunities within the DSO and DPO performance indicators. • Prepared and quarterly bank debt covenant reports.• Developed monthly and annual plan & forecasts. • Designed and implemented financial controls and system process improvements.• Maintained and monitored Sarbanes Oxley controls and apply changes as required. • Managed external quarterly reviews and annual audit.• Introduced and maintained accounting policies.• Performed post implementation activity accounting for acquisitions

Morristown, New Jersey, Us

Developed, implemented, tracked and reported the business gross margin & working capital improvement plans targeted savings and working capital requirements. Drove continuous achievement of more profitable business results through cost reductions and working capital improvements. • Implemented the annual product cost plan by line of business and functional organizations with targeted savings and associated action plans.• Prepared monthly forecast for quarterly view, as well as, achievements towards the targets.• Report weekly cost savings progress to CFO, COO and Product Unit Leaders.• Oversaw cost avoidance actions to ensure price increases were mitigated.• Developed cost accounting and vendor management systems that included component pricing, transportation and warehousing costs, daily customer forecasted and vendor terms.

Morristown, New Jersey, Us

Responsibilities included working capital planning, maintaining accounting policy, implementing effective controls, reporting and metrics related to the company’s global account receivables, accounts payable, inventory and supply chain. These responsibilities included: • Managing monthly reporting and book close activities.• Prepared and issued bank reporting for collateralized assets• Managed account receivable collections and prepared allowance for bad debt estimates• Analyzed inventory valuation and warranty reserves to ensure they were properly funded.• Financial reporting of negotiated component cost reductions and detailed gross margin reporting.• Ensured all activities were Sarbanes Oxley compliance.• Managed offshoring the company’s accounts receivable, accounts payable and inventory functions.

Planned and oversaw the financials related to all aspects of the company’s three-billion-dollar annual global supply chain. This included: • Presenting monthly financial results and forecasts to the leadership team for eight owned factories, multiple vendors and four contract manufacturers that supported the products production. • Provided analysis to support decision making for critical business issues. • Developed business cases and contract reviews and analysis to determine financial impact on business.

Performed controllership function for a three hundred-million-dollar factory producing complex telecommunication switches. Responsibilities included; managing the monthly forecast, inventory standard costs, shrinkage and ordering lead times. Performed efficiency studies to eliminate inefficiencies from the production lines. Developed just in time inventory techniques.

Designed & Implemented the company SAP ERP system including; general ledger, consolidation, A/P, Billing, and reporting modules. Planned & executed the company’s monthly consolidation & financial reporting. This included managing the daily operations and schedules of the SAP consolidation, general ledger, and treasury systems. This function required strict adherence to deadlines and corporate reporting requirements. A heavy emphasis was placed on strong internal controls to support Sarbanes Oxley compliance. This role included being the primary finance contact to the IT organization to define requirements, ensured technical specs met user & reporting requirements, quick response & resolution to problems. Major accomplishments included:• Planned and managed 12 acquisitions and 8 business segment sales• Introduced process efficiencies that reduced the companies closing cycle from 18 days to 5 days through job function and system redesign• Oversaw and managed large teams performing the monthly book close & consolidation functions• Supported SEC disclosures related to segment reporting, inventory and liabilities.• Performed analysis for cash, investments, inventory, foreign exchange exposure, minority interest, other income/expense, debt, equity & inter-company eliminations.• Designed process to track and monitor business restructuring.

Master Of Business Administration (M.B.A.), Accounting

Education record

Education record

Bachelor Of Business Administration (B.B.A.), Finance, General