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 transition from a quarterly to monthly closing timeline. •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 adjustments.•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 in the ERP system.•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 deposits, encompassing checks, cash, and credit card payments, to ensure optimal cash flow.• 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 five months, aligning with our company goals and objectives.•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 year, resulting in the collection of $250K of delinquent receivables and eliminating the need for a third-party collection agency.