Veronica Arias Email & Phone Number

New York, New York, United States

• Direct month-end closing procedures, manage journal entries, amortization and depreciation schedules, final accrual process, and reconciliation of general ledger, bank, and credit card accounts resulting in the.
• Partner closely with the Corporate Controller to conduct monthly reviews of financial data, guaranteeing precision and full adherence to GAAP reporting standards.
• Optimize cross-training initiatives across the department by creating comprehensive playbooks with detailed written and virtual step-by-step instructions.
• Initiate annual budget process, lead monthly analysis and review of P&L results with department heads.
• Execute comprehensive analysis of sales data to support precise royalty calculations and accruals.
• Develop and maintain purchase price schedule customized for a diverse mix of customers, incorporating their unique price tiers and FX rates reducing daily billing errors by 20%.

New York, United States

• Administered multiple ledgers, encompassing cash disbursements, cash receipts, accounts payable (AP) and accounts receivable (AR), payroll summary and accruals, as well as accounts receivable summary and general ledger.
• Generated monthly variance analysis reports comparing actual results to budgets for circulation to department heads.
• Strengthened accounting controls by assessing and defining policies and procedures. Implemented error reduction measures by conducting thorough reviews of journal entries and bank reconciliations before final posting.
• Led recruitment, selection, training, and performance appraisal processes for direct reports, fostering clear communication and job expectations to ensure a dynamic team environment.

New York, New York, United States

• Oversaw daily accounting operations for Accounts Receivable (AR) and Accounts Payable (AP), including oversight of the review and approval process to prioritize payment processing. Additionally, monitored daily.
• Implemented strategies to enforce prompt collection of outstanding customer payments, leading to a significant reduction in Days Sales Outstanding (DSO) from 65 days to 45 days and a notable 10% increase in cash flow.
• Introduced a weekly chargeback appeal process, yielding a 25% decrease in auto deductions and a substantial boost in company profitability.
• Conducted thorough reviews of balance sheet reserves and accruals, identifying, and resolving discrepancies to enhance accuracy by 15% and uphold a 5-day month-end close.
• Interpreted P&L results analysis across departments for the preparation and development of annual budget.
• Partnered with the VP of Finance to seamlessly integrate the financials of newly acquired Babo Botanicals and facilitate the smooth on-boarding of new hires.

New York, New York, United States

• Managed full cycle accounting operations, analyzed, and communicated financial results to senior management and other stakeholders.
• Expertly managed bank reconciliations, promptly identifying and resolving discrepancies to uphold accuracy and integrity in financial operations.
• Achieved a significant reduction of 25% in vendor late fees within a 3-month period by implementing weekly check runs and incorporating automated payment where feasible.
• Successfully decreased the month-end close completion time from 7 to 5 days by standardizing procedures and implementing automation for closing journal entries.
• Delivered a 17% boost in monthly cash flow through strategic implementation of a corporate credit card rewards program.
• Recruited, mentored, and developed a high performing team; encouraged their growth, goal setting and career development.

New York, New York, United States

• Directed the relocation of the Accounting Department from Chicago to NYC, orchestrating seamless transitions, coordinated logistics with a minimal disruption to operations.
• Designed, implemented, and monitored internal controls, established authorizations, pre-approval requirements, and credit application policies for customers. This initiative significantly improved efficiency within.
• Streamlined accounts payable processes by enforcing expense approval at time of submission, optimizing workflow. This initiative resulted in a 20% reduction in late fees.
• Supervised vendor invoice processing, purchase orders, expense reports. Generated financial statements and AR aging reports for management review.
• Enforced credit limit guidelines and implemented bi-weekly AR aging reports review and analysis to identify risk accounts. These efforts increased collection efforts from independent customers by 15% over the prior.