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Joe H

Vice President Corporate Controller\Chief Accounting Officer

Occupation:

Controller

Location:

Beachwood, OH

Education Level:

Bachelor

Will Relocate:

YES

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Dynamic Vice President and Corporate Controller with more than 20 years of retail experience with multi-channel publicly traded organizations. Demonstrated expertise in industries including apparel, personal care, shoes and accessories for branded, private label and closeout merchandise. Extensive background working strategically with company CEO’s to enhance financial and business operations to drive revenue and earnings growth. Proven record of establishing reliable and accurate accounting and financial systems with precise financial statements. Skilled at implementing and enhancing financial systems to increase inventory and sales analysis reporting for maximum forecasting accuracy. Strong management experience building, developing and leading professionals and cross-functional business teams to reach goals and objectives. Excellent accounting academic credentials with a Bachelor of Business Administration in Accountancy and Certified Public Accounting certification.

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Highlights:

• Developed cost control initiatives to lower expenses and increase revenues. Launched cross-functional executive teams focused on improving efficiency and maximizing profits. Created initiatives saving more than $10 million the first year and over $30 million within five years. • Implemented multi-channel initiatives to improve customer service. Increased inventory accuracy and financial and distribution systems to enhance forecasting and sales analysis. Developed $50 million in incremental sales annually with solid growth potential. • Reviewed Town Shoes of Canada M&A venture for due diligence and integrated the acquisition into the corporate structure allowing expansion into the Canadian market. • Upgraded Financial and Human Resource systems to ensure data governance for all platforms. Implemented SAP enterprise resource planning for company operations and reconciled inventory variances to improve accuracy of warehouse management system. Launched employee and management self-help applications. Streamlined merchandising purchase order management system to increase efficiency and reduce time-consuming errors. • Streamlined tax depreciation of assets during SAP implementation. Reduced asset tax lives and amended previous years returns to generate more than $70 million in cash recovery. • Developed cost savings and process improvements to increase efficiencies and maximize profits. Reduced month-end close by five days and SEC filing by 15 days with centralized accounting and reporting. Saved $1 million in duty payments with Custom’s Department vendor sourcing improvements. Audited lease contracts saving $1 million in reduced rent payments and common area maintenance expenses. • Supported acquisition and managed the integration of Boston Proper. Restructured financial processes and systems to integrate accounting and financial operations. • Supported Dress Barn’s acquisition of Tween Brands by managing due diligence and financial requests. • Revitalized Controller Operations Organization to empower financial managers to develop new cost savings opportunities. Provided financial resource restructuring eliminating 11 positions and saving $750,000. • Improved Finance Operations by implementing Oracle GL and AP systems. Increased system flexibility by redesigning the chart of accounts for multi-brand operations. Streamlined AP operations from 14 to 8 units to improve efficiency. Reduced month-end from four days to three days. Introduced BEST Fixed Asset system to automate tax and accounting process for fast and accurate analysis. • Enhanced business data and analytical resources to provide actionable information for executive decision-making. Differentiated brands to appeal to broader customer demographics to drive growth and profits. Increased company’s internally sourced merchandise from 25% to 50% to lower cost and improve profit margins. Improved inventory management to increase efficiency. Launched cost savings initiatives producing more than $4 million in revenue. • Managed system conversion from Lawson to SAP. Developed training for staff to transfer general ledger and accounts payable responsibilities to SAP for improved reports, financial controls and process efficiency. • Migrated inventory reporting from Retail to Cost accounting method for inventory. Prepared five-year financial restatement and provided executive and staff training for inventory management and control. • Served on Limited Brands Original Shared Services Leadership Team providing insight into the multi-brand migration to a share services environment. • Discovered $100 million in unresolved accounting issues. Reported situation to CEO & CFO with recommendations to correct problems. Resolved issues with adjusting entries during annual closing and responded to SEC inquiries. • Established initial SOX structure including process and procedure development, financial and disclosure controls, and account review.

Companies I like:

Companies in the Retail industry with revenues in excess of $500 million...

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Accounting & Financial management, Controllership & Decision support, performance measurement, Financial Planning Budgeting & Forecasting, Team development & leadership, Maximizing Productivity & Profits, Systems Design & Implementation, Capital Budgeting & Analysis, Regulatory Compliance Areas of responsibility: Disclosure Committee Chairperson, Overall Finance\Accounting Systems ownership-completed over 100 "wish list" system improvement items over 3 years, Corporate Accounting & External Reporting (General ledger & intra\intercompany accounting, Yearly\Qtrly\Monthly Close management, Produced accurate and timely Financial statements, Technical Accounting Research & Memos, Budgeting\Projections, Internal Hyperion reporting, Lease\Occupancy Accounting, Marketing Analysis & accounting, Fixed Assets and Capital Accounting, SEC reporting & compliance, Balance sheet reviews & management, Audit Committee\Investor Relations preparation of financial materials & analysis, Direct contact for External Audit firm (D&T)), Internal Controls (SOX), Vendor Finance (Accounts payable in excess of $1 billion in payments, Travel & expense management, Freight\Duty\Commission Analysis, Implementation of Procurement processes to tighten controls and streamline a paperless environment) Customs Department (Ensured controls were in place for correct duty classification, payment and reporting to Customs) Sales Audit & Cash Management (Tender balancing with banks, Sales balancing with tender & inventory, Implemented new cash reconciliation system-Reconnect, Implemented new automated daily sales reporting, Managed the cash management function within the Treasury department) Inventory control & analysis (Unit & cost accuracy at a sku level, Inventory monthly reviews & variance analysis, Inventory projections) IT Finance (Managed accounting, projections & budgets for the $50 Million technology department, Performed analysis to determine cost benefit for capital purchases, Managed Professional fees & payroll to ensure maximum efficiency) DC Finance (Supported DC management team with oversight of budgeting, forecasting, payroll analysis & inventory accuracy, as well as DC analytics to measure efficiency & track goals) International Sourcing & Accounting (Supported international royalty agreements in the middle east, Supported accounting and reporting for international sourcing entities providing private label merchandise) Segment Finance Support (Managed accounting, reporting, budgeting, forecasting for $200 million business, Supported real estate growth) Payroll (Mult-state\site payroll ensuring state compliance & proper payments to over 10,000 associates in over 45 states) Loss Prevention(LP) (1 VP and 5 regional LP managers located throughout the US whose main focus was to coach, train, and build LP awareness within the store & Ecommerce teams as wells conduct criminal investigations and prosecute when necessary, Shrink target program, CCTV & XBR analytics used to reduce Shrink results, Enterprise security & safety responsibilities for over1200 US stores, 2 DCs & a call center located in Winder, Ga, National Headquarters located in Fort Myers, Fl & Boston Proper campus located in Boca Rotan, Fl) Shared Service Executive (lead centralization of accounting & reporting services for Victoria's Secret (Stores, Beauty, Pink)...including implementation of new ERP system, Lead inventory restatement for Victoria's Secret from the retail method of accounting for inventory to the cost method of accounting for inventory)
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