Karl Schumann Email & Phone Number

Beverly, Ma, Us

Boston, Massachusetts, Us

Beverly, Massachusetts, Us

• Supervise accounting and operations staff responsible for production of financial statements/reports with $20M in revenue for USA entity and $10M Canadian entity.• Developed inventory purchase model with goal of reducing inventory COGS to improve gross margin.• Manage operations team to ensure accuracy in inventory and costing methods as well as oversee the 3PL (Third Party Logistics) team.• Determine fixed/variable costs across business entities and adjusted item standard cost accordingly.• Collect cost information and maintain inventory cost database.• Prepare and analyze monthly/annual financial reports for USA and Canada as well as consolidated USA subsidiaries for use by stakeholders and board of directors. • Prepare management reports ensuring integrity/compliance of financial and regulatory reporting, controls, processes, systems.• Managed Professional Employer Organization maintaining all HR rules and regulations.• Worked with CEO to create a 3-year revenue growth plan including capital needed for inventory investment. The company increased revenues, representing a growth of 150%.• Scaled operations to support B2C sales growth, increasing warehouse throughput with a focus on higher margin products during seasonality bottlenecks.• Identified and eliminated scalable expenses to support increased EBIT and other stakeholder KPIs.• Maintain fixed assets and depreciation/amortization schedules.• Led project to split USA and Canadian operations into a new Canadian corporate identity, ensuring compliance to all GST/PST tax rules and Quebec bilingual language restrictions.• Led project to upgrade ERP to Microsoft Dynamics Navision.• Led project to implement sales tax software into ERP and B2C website, complying with sales tax regulations across all US.• Oversee risk management and other business liability insurance.• Coordinated with external auditors/CPA to ensure timely completion of review, taxes and audits

Beverly, Massachusetts, Us

• Ensure timely and accurate preparation of monthly and annual financial statements.• Maintain FX rates and verify currency conversion tolerances.• Assign landed and manufacturing costs.• Reconcile inventory cost from purchases and sales.• Oversee duty drawbacks and tax reclaims.• Assist with building financial models.• Assist with budgeting and forecasting.• Oversee staff accountants responsible for AR and AP.• Develop, test and verify financial analysis tools and reports as needed.• Ensure legal and regulatory compliance regarding all financial functions.• Coordinate with external auditors/CPA to ensure timely completion of review, taxes and audits.• Oversee risk management and other business liability insurance.• Review chart of accounts to ensure GAAP compliance.• Cash flow management, analysis, and reporting.• Perform margin and profitability analysis.• Calculate and prepare royalty invoicing for parent holding company.• Manage commission distribution and reconcilement.

New York, Ny, Us

• Generated daily mutual fund price for client 401k investment.• Reconciled Custody Management System transactions to Investment Manager's daily reports.• Maintained and reconciled all foreign exchange transactions. .• Worked closely with mid-level and upper-level management to improve analytics.• Automated the daily accounting process by creating Excel spreadsheets using VBA to help eliminate risk and company losses.• Created and analyzed monthly and yearly reports for client including Annuals and 5500 Series reports.