Michael Schaeffer, Cpa, Cgma, Mba Email & Phone Number

Hicksville, NY, US

Melville, NY

Melville, NY

Providing accounting and financial reporting advice to clients. Actual/prospective projects include financial analysis to evaluate prospective investments and accounting/financial (SEC) reporting of equity compensation.

Talent in Transition is a group of diverse professionals who have come together to develop unique strategies for reaching out directly to the business community in order to promote the skills of its membership. Talent in Transition is developing alternative approaches to finding opportunities for all of our members.Michael is a member of the Presentation.

Islandia, NY

• Administered financial reporting (SEC and management) related to stock based compensation (FAS123R). Continuously monitored internal controls, identified gaps, proposed improvements, baseline tested reports and.
• Forecasted scenarios to support management decisions affecting filing of SEC reports.
• Provided same day budget and allocation variance analysis, including root causes, to business owners.
• Eliminated duplicative efforts and simplified local statutory compliance through collaboration with international colleagues.
• Reduced exceptions over 80% by improving administrative efficiency and communication across regions.
• Expedited (internal/external) auditor requests to ensure timely completion of audits and good relations.

Woodbury, NY

• Oversaw day-to-day operations of Accounting department, including invoicing, account reconciliation, control monitoring and management reporting.
• Improved cash flow control and reduced labor by estimated 20 hours per week by designing first automated cash/credit card reconciliation.
• Reduced expenses by participating in Cash Management including changing banks.
• Implemented internal controls including monthly account reconciliations, fixed asset tracking system, checklists and documented processes to protect assets and ensure accurate records.
• Successfully expedited knowledge transfer by writing Accounting Process Manual.

• Prepared financial statements, closed monthly books, ensured GAAP compliance, wrote procedures for cross training, reviewed account reconciliations, accelerated audit requests and analysis of margins, portfolios and.
• Uncovered $250k overcharges based on analysis of processing expenses. Collaborated with vendor/co-owner to ensure rebates and charges complied with contract terms that minimized costs.
• Initiated trend analyses validating completeness and accuracy.

• Supervised preparation and analysis of monthly financial statements for chain of 37 retail stores, 5 fulfillment centers and 5 franchises. Prepared 10-Q’s and 10-K’s Trained staff on various systems and accounting.
• Improved management tracking of revenues, cost of goods and margins by creating channel/product category reporting including outlining requirements, coordinating internal and external resources and testing results.
• Assured regulatory compliance by establishing GAAP accounting procedures for additional revenue sources and new businesses including franchising and wholesaling/distribution.
• Improved inventory valuation accuracy by streamlining process and strategically assigning responsibility based upon accountability.
• Streamlined book close from 10 to 6 days through process improvements.
• Eliminated 5% in overpayments and obtained $200,000 in refunds by volunteering to manage Sales and Use Tax (SALT) function with $10 million annual remittances.

Prepared financial statements for a chain of company owned and franchised home health care agencies on a location and consilidated basis. Billed monthly franchise fees. Prepared annual Medicare and Medicaid cost reports. Collaborated with outside consultants to maximize reimbursement rates.

Prepared monthly Call-Out report for senior management - compared actual new sales to salesperson estimates and quotas. Prepared monthly sales commission reports to support payment of commissions and qualification for compensations plans. Responded to salesperson inquiries.Prepared monthly financial statements and accruals. Reviewed, validated proper.

Mba, Finance

Activities and Societies: Beta Gamma Sigma, MBA/MS Association, Hofstra Investment Banking Association (HIBA), Hofstra Graduate Finance.

Certificate, Project Management

Bba, Accounting

Activities and Societies: Beta Alpha Psi