A seasoned financial professional who combines strategic leadership necessary for both growth and process improvement to achieve established financial goals. Noted professional accomplishments in complex business situations and areas of increased responsibilities. Hands on problem solver, computer savvy, very strong multi-tasking skills and excellent reputation as an innovative leader who gets things done.
Balbir Tulshi, CPA
PROFILE
A seasoned financial professional who combines strategic leadership necessary for both growth and process improvement to achieve established financial goals. Noted professional accomplishments in complex business situations and areas of increased responsibilities. Hands on problem solver, computer savvy, very strong multi-tasking skills and excellent reputation as an innovative leader who gets things done.
Diversified background includes:
- Private equity experience and bank financing - Staff management and mentoring - General accounting and job costing -
Cash management and profitability improvement - Budget and forecasting - Operations background - MIS implementation -
- Investor/vendor relations - Financial and strategic planning - Management of accounting, HR and MIS departments
PROFESSIONAL EXPERIENCE
METROPOLITAN ARCHITECTURAL WOODWORK, LLC. Union, NJ April 2008 – April 2009
A leading regional $20M woodworking manufacturer and installer with 85 employees
CONTROLLER
Responsible for all financial operations, manage preparation of financials, supervise progress billing, A/R, A/P, collections and Payroll. Preparation of annual budget, manage cash flow and banking relationship. Responsible for all audits, insurance and tax planning. Reporting to the President and CEO, 4 direct reports.
• Successfully developed and implemented a new Chart of Accounts for Sage Timberline Accounting System.
• Analyzed all Balance Sheet and P&L accounts and led company to its first internally prepared financials
• Introduced job costing analysis and profitability performance. Tightened controls in purchasing and receiving
• Improved communication to build positive customer, vendor and staff relationships
• Improved the billing and receivable processes allowing company to have more favorable cash flow
• Implemented cash flow forecasting to better anticipate cash requirement
ACTIONEMCO HOLDINGS, LLC. North Bergen, NJ April 2007 – April 2008
Largest regional wholesale distributor of office supplies and furniture in the US with annual sales of $135M. ActionEmco is a private company owned by Centre Partners, a leading private equity firm based in New York.
CONTROLLER - ACTING CHIEF FINANCIAL OFFICER
Responsible for financial operations in a leveraged environment. Managed preparation of monthly consolidated Financials of operations and quarterly presentation to Board of Directors/Equity Investors. Managed Budgets and Forecasting. Review borrowing base computations and quarterly covenants. Maintain an effective system of internal controls, identify, communicate and correct weaknesses. Member of senior management team to help define and drive corporate strategy. Reporting to the CEO, 4 direct reports, and staff of 11.
• Effectively transitioned into CFO role taking full responsibility of all Company’s financial affairs
• Implemented computer generated rebate program which gave company a better grasp on liability
• Analyzed rebates which gave company insight into customer profitability and allow for faster adjustment to programs
• Improved communication between departments to achieve faster and accurate financial data
• Improved cash flow forecasting to better anticipate cash requirement
• Transform finance department to service other departments with better analysis of drivers that affect performance.
• Improved efficiency in monthly financial closing process by more than 60%
SPECIALTY FLOORING SYSTEMS, INC. South Plainfield, NJ August 2000 – December 2006
A leading regional specialty flooring contractor with annual sales of $20M and 100 employees
CONTROLLER
Manage company’s finances and present financial reports to shareholders. Developed corporate infrastructure which included hiring and training of staff, instituted procedures and controls, installation of fully integrated Sage Master Builder software. Effective liaison with CPA, auditors, attorneys, insurance brokers, bankers and bonding company. Manage Human Resource, IT and 401K plan. Supervise “in house†Payroll, Taxes and Union reporting for 5 states. Reporting to CEO, 5 direct reports
• Saved company $1M in immediate investment to open new Boston office. Developed Break Even Analysis and Budgets to assist with growth plans. Critical analysis on company’s business activities and financial position.
• Developed bank relationship and negotiated increases in Credit Line to sustain growth from $5M to $20M
• Customized reporting that saved 25% in annual Workers’ Compensation Insurance premium
• Developed customized job reporting allowing project managers to have P&L responsibility for their projects
Balbir Tulshi Page Two
TOWNLEY, INC. Paterson, NJ September 1997 – August 2000
Privately held $25M manufacturer, marketer and distributor of teen and pre-teen cosmetics and costume jewelry.
ACCOUNTING MANAGER
Compile, analyze and presentation of Financial Statements. Full charge of Payroll, Taxes, Commissions. Manage and control external audits. Plan and coordinate with the Operations department, quarterly and year end physical inventory. Control monthly computer close and responsible for all Management reports. Reporting to CFO/VP Finance. 5 direct reports.
• Initially assigned as Accounting Supervisor, then promoted to Accounting Manager
• Successfully developed and implemented a new Chart of Accounts for SBT Accounting System. Interfaced A/P, A/R and Inventory with G/L.
• Led company to its first Audited Profit & Loss Statement by establishing a quick monthly closing process.
• Instituted Daily Cash Flow Management to better anticipate cash flow requirement. Developed methodology to compute daily credit line availability
• Unbundled A/P and A/R complexities to effectively manage vendor payments and significantly improve collections
• Compiled pro-forma financial statements utilized in fund-raising presentations.
HUGHES, HUBBARD AND REED, LLP.New York, NY January 1995 – September 1997
$800 million Limited Liability Partnership with 100 partners and 250 attorneys
STAFF ACCOUNTANT
• Budget preparation and account analysis
• Responsible for all sales and real estate taxes
• Fixed asset management
RIVER TO RIVER PROPERTIES INC; Real Estate. New York, NY March 1994 – January 1995
BOOKKEEPER
VARIOUS BOOKKEEPING POSITIONS. Ontario, Canada. March 1989 – February 1994
COMPUTER SKILLS
SOFTWARE: MS Office, QuickBooks Pro, Peachtree, Crystal Reports, Sage Timberline, Sage Master Builder, SBT Accounting, AS 400, ADP Payroll, Tec Sys
OPERATING SYSTEMS: Windows 98, Windows 2000, Windows NT, Windows XP, Windows Vista
EDUCATION AND AFFILIATION
- BS Accounting (GPA 3.9), Lehman College, City University of New York - CPA – NJ License
- Member of the American Institute of Certified Public Accountants
HONORS
- Summa Cum Laude - Best Graduating Student Honor by NY State Society of CPA’s
- Deans List - Golden Key Honor Society
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