Sal S. Simsek
240 C Brittany Farms Road.
New Britain, CT 06053
Tel: (860) 997-2587
E-mail: sssimsek[at]hotmail.com
Result oriented and pro-active with broad experience in all aspects of financial and accounting management. Sees the big picture and plans appropriate strategies to achieve results. Well disciplined with proven ability to manage multiple assignments efficiently under extreme pressure while meeting tight deadline schedules. Strong team builder and facilitator. Solid planning and organizational skills in coordinating all aspects of each project. Demonstrated hands-on management style in the development and implementation of strategic plans to ensure company growth. Ascertains needs and goals, streamlines existing operations, turns around unprofitable functions, envisions new concepts and future trends, and follows through with developments, direction, and accomplishment. Effectively communicates direction, commits people to action, and conveys complex information in easily understood formats. Open to travel up to 50%.
PROFESSIONAL EXPERIENCE
Sweeney Excavation, Inc., Hamden, CT, USA October 2008 – June 2009
Controller
* Reorganized the bank loans to decrease the monthly payments by 20%, increased the operating line of credit by 100%, and decreased the interest costs by 20%.
* Created very detailed cost accounting and purchase order systems. Continued to update and maintain them.
* Produced accurate and timely financial reports along with the managerial reports for operational decision making.
* Implemented & managed procedures & processes. Provided and maintained all tax filings, payments, and reporting.
* Maintained and monitored financial statements. Coordinated audits. Compliance with GAAP.
* Maintained the inventory schedule with the operations manager and project managers, and audited the physical inventory on a monthly basis.
* Executed all accounting functions such as data entry, AP & AR. Performed percentage completion and work in progress accounting practices, as well as AIA documents and billing.
* Financial analysis of the profitability of operations, cost analysis, job costing, flux analysis, and profit & loss analysis.
* Managed & executed all payroll procedures & processes. Administrated all company benefit plans.
* Cash management and reconcile bank statements. Coordinated collection and monitored outstanding accounts receivable.
* Managed & maintained fixed assets, amortization, & depreciation schedules. Supported workers compensation and other legal claims.
* Communicated and followed up with sub-contractors during construction phase.
* Interacted & supported operations & administrative teams.
* Developed and maintained the banking relationships. Worked with outside accountants in the preparation of the yearly company financial statements and taxes.
EnviroMed Services, Inc., Meriden, CT, USA July 2001- September 2008
Comptroller (10/2005 – 09/2008)
* Increased profitability by 25% over three years by increasing billable time 20% using crosstraining, decreasing insurance and employee benefits costs 15%, reducing vendor costs 20%, and restructuring pricing.
* Impacted sales and profitability, delivered critical financial and marketing decisions, and led the company through dynamic growth and territory expansion. Had a very active role in customer relationships.
* Overall authority of the financial operation of the company, audit, taxation, accounting, monthly closing of books of record, account reconciliation, and journal entry adjustments. Supervised, led, trained and supported the accounting department.
* Prepared monthly, quarterly, annual report summarizing and forecasting company business activities and financial position in areas of income, expenses, and earnings based on past, present, and expected operations. Financial analysis of the profitability of operations, and cost analysis.
* Facilitated and updated physical inventory schedule with the laboratory director, administrator and field services supervisor, and performed inventory audits on a monthly basis.
* Developed monthly, quarterly, and yearly financial statements, including balance sheet, income statement, and cash flow statement for the three business units in CT and NY. Developed financial and budget policies and procedures. Prepared financial statement analysis including profitability, cost, liquidity, leverage, efficiency, and Z-Score analysis. Forecasted P&L and cash flow.
* Negotiated insurance policies. Selections of the 401K retirement plan funds along with the mapping of funds.
* Reviewed, developed and gave final approval to the financial section of the bids, proposals, and contracts. Had an active role in contract negotiations during development phase. Prepared prime contract scope, terms and conditions.
* Analyzed business trends and daily operating costs.
* Developed and maintained the banking relationships to expand finance options.
* Prepared work papers for the outside accountants so as to process yearly company financial statements and taxes.
Sr. Accountant/ Staff Accountant (07/2001 – 10/2005)
* Performed pricing, budget, and account analysis to expedite problem resolutions and customer retention levels.
* Maintained general ledger to include preparation of journal entries, coding of invoices, accounts analysis and reconciliation, closing books monthly, and setting up new accounts.
* Helped account executives in financial terms, and educated them in the profitability of sales.
* Updated job- costing markup and service price schedules according to the new information.
* Prepared all billing for private and state clients. Matched cost data to invoice data for sales commissions.
* Generated specific forms of billings- Government, State CO-17 and DOT. Prepared monthly customer statements, and communicated with customers as necessary.
EDUCATION
* Master of Business Administration (MBA) in Finance, UNIVERSITY OF HARTFORD, West Hartford, CT, USA, May 2001. GPA: 3.70/4.00
* Bachelor of Science in Business Administration, BILKENT UNIVERSITY, Ankara, Turkey, June 1999. Major: Finance, Minor: Marketing.
COMPUTER SKILLS Windows, Microsoft Office (Word, Excel, PowerPoint, Access, Front Page), Microsoft Project, Peachtree Accounting, Intuit QuickBooks, Crystal Reports, Explorer, Netscape, Internet, SAS.
OTHER SKILLS Public Notary- Connecticut, My Commission Expires December 31, 2013.
EXTRACURRICULAR ACTIVITIES
* Shriners, 2009 – Present.
* Scottish Rite Valley of New Haven, 2008- Present.
* Cosmopolitan Lodge No. 125, 2007- Present.
* Hejaz Grotto, 2008- Present.
* International Amateur Seaman, 1999- Present.
References: Available on request.
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