1. David Ver Hoef
5585 East Grove Drive S.E. Cell: 616 437-5540
Kentwood, Michigan 49512 dvhoff1@sbcglobal.net Home: 616 554-0618
Financial Analyst & Accountant
Accomplished professional with Bachelor’s degree in Business Administration and demonstrated skills and
expertise in Costing and Financial Analysis. Strong technical skills in:
General Ledger Analysis as it relates to all Income Statement and Balance Sheet accounts.
o Period end tasks included reviewing all store/key margins and inventory levels for accuracy.
o Period end tasks also included creating the period end balance sheet and a “drill down” balance sheet that
allows management to drill down to the details of each line of the balance sheet.
Analyzing data in the Activity Based Costing (ABC) system, which receives data from multiple subsystems to
enable the tracking of inventory movement and the maintenance of quantity and cost of all company inventory.
Daily monitoring of the system included:
o Ensuring accurate calculations of all UPC level profit margins and all UPC balance on hand (BOH)
inventory amounts used by the corporate replenishment system.
o Analyzing the data used to post cost of goods sold and inventory transaction amounts to the General
Ledger and ensuring the accuracy of inventory cost and quantity amounts at UPC level, which are used for
inventory and margin reporting viewed by all levels of management.
o Servicing internal customers by making complicated inventory and margin corrections and by coaching
them on how to avoid repeat issues.
Excel and in a variety of internal query tools such as BI Query, The D&B General Ledger query system, PC
Link, Micro Strategies and MIRS (Meijer tool used to query inventory and margins).
Presentation and interpersonal communication, with the ability to work successfully with all management levels,
individually or in a group.
ACCOMPLISHMENTS
Key Member of team that implemented the ABC system which transformed the inventory system from a retail
inventory system that required key level margin estimates to an ABC Inventory system which uses actual UPC
level costs and quantities. Primary corporate accountant who maintained and monitored changes and updates
to the ABC system ever since inception.
Successfully identified and implemented changes that could be made to allow accurate cost and BOH quantity
calculations for perishable (meat, produce, seafood and deli) product, transforming the perishable margin
calculations from a system that used margin estimates at the key level to a system that used accurate costing
on almost all UPCs (or category level costing if UPC costing was not possible).
Conducted multiple classroom training sessions for merchandising personnel explaining how the ABC system
works, how decisions they make directly affect the costs calculated by the ABC system, how to read the entire
departmental income statement and how the margin and inventory numbers they see on a daily basis tie right
into the financial statements.
Created an ABC training document (in 2013 and 2014) to be used by accountants that described in detail all of
the transaction types (about 40 different types) created by the ABC system by transaction number, the
transaction number seen in Teradata queries as well as a description of the activity being recorded, it's impact
on the financial statements and a description of the debits and credits created. The cost accountants use this
on a regular basis as they perform their daily responsibilities.
Designed and implemented the process to calculate in bound item cost to the distribution facilities (product cost
plus all related charges and credits) and to properly allocate these costs to items as they are received.
Designed and implemented the process to reconcile general ledger inventory balances to the inventory
balances in the ABC system and the process to reconcile Teradata amounts to the general ledger inventory
and margin amounts. Teradata stores margin and inventory data, making it available for viewing by all levels of
corporate management through the use of a variety of tools, so these processes ensure consistency of
reporting across all corporate financial reporting tools.
Identified, designed and implemented a process to minimize any negative impact on corporate inventory dollar
amounts or BOH balances when they had the potential to negatively impact margin calculations.
2. David Ver Hoef Page 2
Created and implemented a process to send margin adjustments to financial reporting tools on a daily basis
that previously were only available for viewing by the merchandising team at the end of a period.
Worked with IT department to create a database to allow the merchandising team members to view amounts
recorded in the purchase adjustment account (charges or credits that should be part of item cost, but are not).
Designed and implemented the processes used by finance team members to reconcile the in bound freight
related clearing accounts.
Implemented and maintained the process to create the year end audited financial statements for over 10 years.
Designed and created multiple internal periodic balance sheet and cash flow statements each period (thirteen
times a year) for over 10 years.
PROFESSIONAL EXPERIENCE
Meijer, Inc., Corporate Headquarters, Walker, Michigan
Regional American hypermarket chain with half of the company's 200 stores located in Michigan's Lower Peninsula,
and additional locations in Illinois, Indiana, Ohio, and Kentucky--a one-stop destination for name brands, great
value, and low prices on everything from groceries to clothing, electronics, and home goods.
Financial Analyst (3/2004 to 4/2015) and Senior Accountant (5/1994 to 3/2004)
Managed the ABC inventory system and the implementation of all changes to the system
Produced the periodic corporate balance sheet, the year end audited financial statements and created the year
end audit schedules that related to inventory, including the net realizable value analysis used to determine if
Meijer would need to make an audit adjustment if year-end inventory needed to be written down to market
value
Participated in a variety of special projects
General Accounting Manager (7/1992 to 5/1994)
Managed staff of six accountants and four accounting clerks who performed tasks relating to maintaining the
coding of the entire general ledger, creating internal financial statements and handling a variety of other
functions that included bank reconciliations, realty company accounting and the allocation of labor and rent
charges
Advanced Accountant (5/1985 to 7/1992)
Maintained the general ledger and the coding needed to generate internal financial statements
Designed the accounting corporate chart of accounts still in use today
Determined the amount of and the basis used for numerous cost allocations that were used for the overhead
allocations to all of the internal department income statements
Kregel, Raterink & Kingma, Grand Rapids, Michigan
Regional CPA firm.
.
Accountant (9/1981 to 5/1985)
Received C.P.A. Certification
EDUCATION
B.B.A. Business Administration, University of Michigan - Ann Arbor
Transferred in from Calvin College