Thomas Hoermann Email & Phone Number

Medway, Ma, Us

Woburn

• Manage monthly and year-end close process.• Ensure accurate recording of costs by job, as well as accurate and complete recording of accruals.• Prepare bank, general ledger, revenue reconciliations and Sales Tax.• Manage improvements to processes to ensure accurate and timely recording of transactions.• Responsible for AP until a new employee was hired. Finding overpayments of approx.. $30k.• Work with FP & A team to ensure complete, timely and accurate financial statements.

Lexington, Massachusetts

Boston, Ma

Friolzheim, Germany

• Leadership and supervision of 15+ employees from accounting, controllership, IT and operations.• Accelerated the month and year-end close time frame by over 30% and increased the quality by scheduling and enforcing project deadlines.• Improved inventory accuracy from roughly 80% to well over 95% through extensive reconciliation work with excel.• Performed detailed analysis of accounts, prepared month-end reports and presented findings to top level management.• Implemented new processes in account reconciliation, resulting in an increase in the accuracy of financial reports.• Assisted the Accounting Manager in improving the realization of outstanding accounts receivable through increased direct contact with customer by 20%.• Developed and implemented transfer pricing documentation.• Optimized and monitored risk management plan of the company.• Lead selection process of new ERP software.• Managed portfolio of several million $ and generated +20% return of investment.• Implemented a financial benchmarking analysis to identify significant differences to competitors.• Contributed to internal on-site audits of financial statements from international investments.

Germany

As an interim manager I worked for the following companies:AXA Investment Managers Cologne, GermanyFilm Ton Technik HannsdieterRüttgers GmbH, Duesseldorf, GermanyEntrada Kommunikations GmbH, Paderborn, GermanyXerox GmbH, Neuss, GermanySkyware Radio Systems GmbH, Krefeld, GermanyESAOTE Biomedica Deutschland GmbH, Cologne, GermanyVersatel AG, Duesseldorf, Germany • Implemented and designed structure of new financial accounting systems as part of the transfer of the business to a new parent company in only 3 months.• Recruited, hired and trained staff from financial accounting and human resources.• Introduced a detailed documentation of all balance sheet accounts. The ongoing monthly account reconciliation process has been reduced to 3 days.• Prepared and analyzed monthly and yearly financial reporting packages and reported results to the parent company abroad.• Reduced month-end close by over 2 weeks.• Detailed knowledge of preparing forecasts and budgets that provided clear, consistent and measurable targets.• Coordinated year-end and tax audit because of a burn out of the responsible Finance Manager.• Eliminated errors in customer billing process of $300K by extensive project controlling.• Recovered approx. $1M in overpaid vendor charges by performing an audit of past payments.• Avoided penalty payment of approx. $180K by reconciliation and correction of tax declarations, due to errors from an earlier conversion to SAP.• Contributed in carrying out the financial due diligence analysis for the new investor.• Advised top management in commercial and legal questions.• Liaised with other departments and customers to resolve issues and complaints from customers.

Wuppertal, Germany

• Created annual and monthly financial statements for local German and US-GAAP books.• Recovered $200K in overpaid charges by performing monthly general ledger reconciliations.• Introduced SOX controls for general ledger. Generated VAT-reports and deferred tax calculations.