Ed Shemo Email & Phone Number

Medina, Ohio, United States

Brooklyn, Ohio

Cleveland/Akron, Ohio Area

Extensive financial management experience. Often called upon to analyze and solve issues to complex financial situations. Currently looking for a Controller position or project work. Please contact me at edwardshemo@gmail.com.

Cleveland/Akron, Ohio Area

Responsible for accurate reporting and tax coordination for all entities providing excellent service to clients. • Assisted in development of long-range financial goals, objectives and policies. Managed new financial and reporting processes and systems. • Developed relationships with expert advisors, bankers, accountants, and attorneys.

Cleveland/Akron, Ohio Area

• For an international manufacturer and distributor of professionally installed exterior building products. Assisted the Director of Treasury Services in special projects. Streamlined and reduced preparation time of the monthly borrowing base report 70%. Identified savings in credit card processing charges, analyzed bank service charges of primary banks and provided recommendations for consolidation of accounts and reduction of fees. Analyzed treatment of foreign exchange rates in Oracle application. Later served as Interim Treasurer and streamlined and improved the Cash Flow preparation.• For a publicly traded REIT. Asisted with a variety of tasks to help company complete a financial restatement. Assistance included accounting research, responding to special requests, financial reporting, and Sarbanes-Oxley compliance as follows: Replaced Treasurer and Vice-President / Controller as Interim Chief Accounting Officer reporting to the CFO and supervising an accounting staff of 31. Responsible for cash management and adherence to accounting policies and financial statements for inclusion in 10Q’s and 10K. Coordinated SOX efforts as point person with contracted internal auditors. Managed and directed successful conversion, integration and upload of daily financial information from Centershift STORE point of sale system at 400+ facilities into Great Plains accounting software in three months with full SOX compliance resulting in a net reduction in accounting staff of 30%. Maintained staff cohesion during transition period.• For a publicly traded Real Estate Developer. Assigned to the Internal Reporting Group to assist in the design and testing of new reports from SAP along with preparation and review of monthly and quarterly reporting for the Board of Directors and the Executive Committee. Led process improvement in the Debt Management retiring old software and transitioning new software along with significant improvements in report processing.

Toledo, Ohio Area

Directed accounting, budgeting and forecasting, financial analysis and reporting, cash management and property insurance. • Worked with the bank representative in refining weekly cash flow projection updates and reduced the cash stress of the company through proper disbursement procedures and vendor relations. • Improved report timing to draft statement on the 5th day after month end.• Subsequently was retained by Herb Thyme to assist in due diligence for the sale of the company to Rocket Farms in California. Upon completion of the sale was retained by Rocket Farms to account for the purchase on their books to include integration into their accounting system.

Business sold in 2005.Directed accounting, budgeting and forecasting, financial analysis and reporting, tax preparation, employee benefits, cash management, insurance and property management. Directed Information Technology and negotiated all purchases for P-O-S system and capital expenditures. Coached staff of 25. Interacted with Operations and Purchasing Department to provide financial reporting and technical information. Participated in monthly board meetings, providing financial information and recommendations.• Researched, initiated and implemented point-of-sale (P-O-S) scanning systems in all 28 stores in less than one year increasing efficiency and accuracy with substantial detailed sales information for management. • Designed and implemented home office software to work with store P-O-S system, providing information flow between stores and home office of sales information, price changes and ad information. • Developed, implemented, and monitored budgeting and forecasting process providing board of directors with accurate trends and decision-making tools to ensure fiscally sound business decisions.• Assisted in the purchase of independent pharmacies to include accounting for the purchase and the assimilation into the Medic books.• Computerized buyer reports that improved productivity and accuracy of Purchasing Department 50%. • Communicated the needs of management to IT programmers resulting in significant IT cost savings, management satisfaction and swift completion of the projects. • Streamlined accounting functions saving time and costs. Realized growth with no increase in staff.