Ray Bach Email & Phone Number

Albany / Troy New York

Prepare monthly and year to date financials. Develop and oversee accounting policies and procedures to meet current business models. Provide key financial analysis to management to assist in operational decision making. Oversee the cash management function, including banking relationships. Manage calculation, reporting, and compliance with debt covenants. Provide coaching, support, and guidance to the Finance staff to allow them to reach their potential

Developed a process to identify the cost of production for each division. Established cost models to facilitate an efficient and accurate quotation process. Designed and implemented scrap reporting within the Poly Plant saving $300K the first year. Established controls and disciplines for the Purchasing Department. Plan, assign, manage, and review the purchasing function.

Successfully introduced a standard cost accounting system including bills of materials, routings, and standard costs for all products. Selected as the Finance representative for the selection and implementation of a fully integrated MRP package – MAPICS. Developed with manufacturing personnel, the annual inventory plan and manufacturing variances. Introduced departmental budgeting throughout the company. Increased control and awareness over inventories and created unified focus on labor efficiencies. Designed and implemented a new chart of accounts to support divisional and product line accounting. Prepare monthly P & L analysis for five multi-state plants. Maintain accounting software that supports full financial reporting including accounts payable, accounts receivables, cost, general ledger, and tax reporting.

Responsible for corporate cost accounting function and the leadership of a six-member team. Emphasis is on standard cost, JIT, MRP, performance measures, inventory management and budgeting. Selected as a key member of a team that analyzed the feasibility of plant consolidation, and saved $5MM per year. Introduced new inventory policies and procedures within the Retail Stores, reducing losses by $250K. Analyzed and approved changes in product design introduction of new products to accurately determine actual product costs. Presented monthly analysis of manufacturing variance reports to Senior Management. Selected as project leader to gain approval and install new accounting and inventory systems.

Bachelor Of Science (Bs), Accounting

Education record