Todd Werner Email & Phone Number

Baltimore, Maryland, United States

Design, production and installation of custom signs, graphics and displays.

Annapolis Junction, Maryland, United States

• Analyzed prior financial budget process to understand and improve business processes. • Rebuilt budgeting system through increased management input, ownership, and accountability.• Utilized advanced and embedded formulas to increase flexibility and reduce time to compile company budget.

Woodbourne Center, Baltimore, Md

• Managed finance department turn-around initiative during personnel changeover as contracted executive. • Rebuilt finance department and created/restored proper financial and accounting processes and controls.• Prepared and compiled $3.5M in HS and MS budgets to meet Maryland Dept. of Education requirements.• Instituted revenue recognition processes, and identified and collected $1.4M in past due client revenue.• Discovered lost revenue and created process to identify unbilled services: collected additional $5K/month. • Directed full-cycle accounting processes: accounts receivable, payable, monthly accrual, and reconciliations. • Reviewed residential treatment, foster care, educational service, and mental health program budgets.• Redesigned monthly financial reporting to inform senior leadership more effectively and efficiently.

Baltimore, Md

Contractor on multiple successful assignments.

Meridian Medical Technologies, Columbia, Md

• Managed A/R, collections, weekly reporting, cash receipt processing, account reconciliations, and sales tax. • Collected nearly $500K of delinquent receivables within 3 months and brought receivables collection current.• Reviewed and approved reconciliations and journal entries for accuracy prior to submission to Controller. • Audited 100 employees with company purchase cards to ensure compliance with Company SOP. • Analyzed weekly sales activity trends and developed comparison data reports for executives.

Hunt Valley, Md

• Validated revenue recognition, and provided advice and counsel to pharmaceutical research/CRO leaders.• Identified and corrected billing errors and missed billing opportunities, leading to $50K in additional revenue.• Reconciled revenue accounts for consolidation with the parent company, increasing compliance and accuracy.• Prepared unbilled and deferred revenue schedules for pharma studies leading to better GAAP compliance. • Identified revenue timing from contract invoicing milestones, improving efficiency of revenue recognition.

Baltimore, Maryland Area

• Led restructure of accounting operations and financial reporting to better track and manage expenses.• Redesigned and improved financial statement reviews, ensuring accurate monthly closing and compliance.• Brought 401K plan into compliance with ERISA regulations, working with plan administrators and trustees.• Converted payroll from Paychex to ADP Workforce Now to reduce timekeeping and benefit administration.• Hired and trained new staff to manage payroll and accounts receivable functions.

Several Clients, Baltimore Area

• Executed restricted stock and performance stock unit issuance for leading telecom networking company.• Compiled proxy statement sections specific to officer and director share ownership for SEC requirements.• Reviewed 10-K/Annual Report for issues and inconsistencies, to accurately reflect annual financial results.• Reorganized and completed year-end 1099 filings in 12 days, meeting federal regulatory compliance.• Resolved stock administration software implementation issues to better track bio-tech share ownership.

Hampstead, Md

• Directed 7 direct reports and 29 total employees, with outstanding ratings and less than 10% turn-over.• Reviewed tuxedo rental vendors, estimated pricing, and break-even analysis, increasing revenues $25M.• Transitioned from Excel files to SAS database with formula-driven approach, compiling budgets 40% faster.• Managed investment portfolio of $440M in excess cash and the $2M weekly payroll for 6K employees.• Analyzed commercial real estate leases, saving costs and leading to 40% growth: 360 to 600 new locations.• Reduced industrial property rent $572K via revenue-sharing arrangement and increased warehouse space.• Audited property leases and converted to remotely hosted expense management tool for 600+ properties.• Created excess cash investment strategy, increasing portfolio yield by 500%, while maintaining liquidity.• Established company as an importer of record, reducing customs processing by 1 month and fees by 3%.• Oversaw accounts payable of property, utility, supplier, and vendor merchandising at $12M per week.• Prepared supporting documents for auditors, ensuring GAAP, state, and regulatory compliance was met.• Established $500M LOC and $400M in secured debt for the attempted acquisition of Men’s Wearhouse.• Participated in planning and negotiations of Men’s Wearhouse and Eddie Bauer acquisitions.

Mercantile Safe Deposit And Trust, Baltimore, Maryland Area

• Managed 6 accountants and 20 entities, including mortgage, insurance, brokerage, and leasing subsidiaries. • Integrated department during acquisition transition, without loss of team members or project productivity.• Ensured FAS 123(R) compliance of stock option, restricted stock, and deferred compensation plans. • Reviewed ledgers of newly acquired bank and integrated chart of accounts.

Baltimore, Maryland Area

• Developed regulatory and accounting solutions for clients: Mercantile Bankshares and Sheridan Press.• Documented and tested internal controls to comply with Sarbanes-Oxley regulatory requirements.• Diagramed and documented controls for entities of commercial printing and publishing company.• Assisted newly created public company file first quarterly filing, as an independent entity, with SEC.

Hunt Valley, Md

• Managed SEC reporting, transitioned process to Maryland, and established Sarbanes-Oxley program.• Created documentation system supporting financial disclosures in 10-K and 10-Q for audit support.• Computerized stock option tracking for multiple plans, leading to more accuracy and faster reporting.• Educated employees on new Sarbanes-Oxley Act Section 404 requirements.

Royal Elastics, Westlake Village, Ca

• Reviewed transaction process of newly acquired subsidiary and integrated into existing framework.• Implemented parent company policies, procedures, and controls into Royal Elastics financial operations.• Prepared first year framework and budget plan for acquired division to measure compliance with results.

Westlake Village, California, United States

• Managed Accounts Payable team, international accounting, and consolidations and eliminations.• Prepared public filings, including quarterly 10Q, 10K annual reports, and SEC stock ownership filings.• Developed reporting deadlines to ensure timeliness and accuracy, as primary liaison with external auditor.• Compiled upcoming year corporate budget through coordination with department heads across company. • Analyzed performance in comparison to budget and PY for all subsidiaries, foreign and domestic. • Reduced overtime hours, while meeting quarterly and year-end audit and reporting deadlines.

Woodland Hills, Ca

• Audited loan origination and servicing operations, leading to promotion from auditor to accountant.• Reviewed, analyzed, and prepared journal entries for originated loans and loan sales to third parties.• Ensured FNMA and FHLMC underwriting guideline compliance for loans to be sold without recourse.• Improved service and quality control efficiency through implementation of technology solutions.

Greater Los Angeles Area

• Audited clients across government, banking, manufacturing, and entertainment industries. • Trained peers on accounting team in proper application of auditing techniques.