Michael Venditto

Michael J. Venditto 209 Stream Side Ct. Winder, GA, 30680- Bachelors of Science in Accounting Rowan University PROFESSIONAL EXPERIENCE: Barry Callebaut, September 2016- Present Pennsauken, New Jersey Plant Controller Complete month end close at site level. Closing procedures include preparing journal entries to allocate cost, reclass expenses, and reserve for recognized cost within month. Analyze cost centers to ensure accurate transactions. Prepare and interpret financial reports such as, P&L, Scorecard, Material Usage Variance (MUV), and Rework/Block Stock for site management, directors and vice presidents. The MUV is a report that tracks the optimization of raw material and finished goods at the plant. Raw materials make up more than 80% of finished good cost. Helped create and guide in 3 of 4 work streams within the plant to increase performance. All 3 work streams have met or exceeded their goals for the past 4 months. By meeting the goals in the work stream, the plant was able to decrease its spend by $200k each month. Review investment proposals for site. Create a CAPEX projects for the plants based on the investment proposals. Close out CAPEX projects after completion, create an asset form, and launch the depreciation process. Review confirmation process of raw materials into production. Reviewing the confirmation process ensures accurate inventory consumption, analysis of recipes, and identifies any variances in production. Track creation and consumption of rework and blocked stock in the plant. Created an action plan to use/scrap/sell at distress prices for all rework and blocked stock on hand. Review and make determinations on purchase requisitions from $1k-$5k within plant. Since being added as an approver, maintenance spend has decreased over $50k each month. Prepared and presented performance reports to Global CEO and COO, North American CEO and CFO, Vice President and Director of Operations, and Director of Finance over the past 3 months. Pepperidge Farm, October 2015- September 2016 East Brunswick, New Jersey Senior Cost Analyst Completed weekly reporting for the East Brunswick location. Reports include Product Processing Yields, Direct Labor, PSA, and confirming Cases Produced through reports from SAP. Created a report to confirm temporary labor invoices. The report is also used to allocate cost to the appropriate lines on the purchase order. Initiated check request forms for plant staff. Gathering the information and sending information to plant accounting. Extended the BOMs on new materials to the local plant level. Use the RFCE form to enter standard delivery cost and sending the information to product costing to complete the costing process. Closed the finances each month by preparing journal entries, creating proper accruals, and approving information given by plant costing. Prepared the RPM (Report to Plant Management) each month. Using the closing information for the month and year to date and showing our financial position. Worked with IT to complete Masterdata within the plant. Worked with controller and other employees in the finance department to complete 2017 Budget. Budget included a forecast on production, ingredient and packaging cost, direct labor and overhead spend. Rowan Technologies, Rancocas, New Jersey Financial Analyst July 2014- October 2015 Promoted from Cost Accountant of Inductotherm Corp., a subsidiary of Indel Inc., to Financial Analyst of Indel Inc. in August 2014. Collect, sort, translate, and enter data from all 31 companies internationally, working with exchange rates, and preparing charts and reports for the CEO, CFO, and all group presidents throughout the company using Lookups in Microsoft Excel. Closed out the books each month. Reconcile the Account Receivable, Accounts Payable, Payroll and General Ledger. Make any entries to reclassify transactions in preparation of the Financial Statements. Prepared the Income Statement, Balance Sheet, and the Key Financials for the controllers of Inductotherm Corp., Furnace Division, and Inductotherm Group. Analyzed bank reconciliations, for Inductotherm Group and the Diversified Companies. Analyzing each account and verifying what is entered into the General Ledger matches each company. Oversaw Inductotherm Group Insurance. Making sure what the insurance company invoices is aligned with the amounts listed through the 31 companies. Prepared reports for all the department heads throughout the company giving them the information to help make critical decisions for the business using Microsoft Excel and Word. Prepared “Standard Operating Procedures List” for Financial Analyst position. Cost Accountant July 2013- July 2014 Managed over employees within the Costing Department. The Department consisted of a costing clerk and two interns. Responsible for making sure task were completed accurately and on time. Oversaw a department project, converting paper job files to electronic files and changing the process of how job files were completed. Provide cost analyzes on customized on steel shell furnaces, VIP power supplies, conveyors, and water systems to upper management for decision making purposes. Separate out major components of the system being analyzed, making sure the components align with previous parts of a system.   Ran queries to find engineering and manufacturing cost and hours for the system and all the major components. Used index formulas to determine the average of the last three units built by the company and calculate the percentage each unit is from the average.   Any unit that falls above or below a 5% deviation from the average an in depth analyzes is completed to determine why the system varies.  Research may include reaching out to head engineers and lead men in the shop for explanations on any unusual constructions performed on the job.   Cost analysis was then used in determining pricing for similar jobs in the future by district sales managers and other executives throughout the company.  Prepared “Standard Operating Procedures List” for Cost Accountant Position. Bayada Home Health Care February 2013- July 2013 Mount Laurel, New Jersey VRS- Medical Billing Analyst Reviewed Account Receivables and separated the accounts with balances from the invoices that were paid. Compared the outstanding balance invoices with the claims shown by the insurance companies and figure out why the services aren’t being paid Took the appropriate actions to correct the outstanding balances through working with health insurance representative, transferring balances, correcting payment rates, and filing reconsideration forms to collect the outstanding balances. COMPUTER SKILLS: Microsoft Excel- (Macros, Horizontal & Vertical Lookups, Pivot Tables) Microsoft Word, PowerPoint, AccessMathematica Visual Basics; C++Mat Lab QuickBooks ProSAP JobscopeSoftware Plus References Upon Request