1. Elizabeth Wade
73 Field Road
Clifton, NJ
(973) 768-2492
Work History
Polo Ralph Lauren Lyndhurst N.J. 02/1985- present
Director Cost Accounting / Inventory 05/2013 to Present Home,Dress & Women’s Collection
 Served as the primary accounting lead and managed a team of 4 associates with responsibilities in the
financial reporting, analysis and accounting process,inclusive of the monthly financial close, costing,
inventory analysis and US Customs compliance.
 Managed the month end margin results for three divisions to ensure all ledger transactions are
properly recorded.
 Served as the department’s primary resource for US Customer compliance and financial entries and
reviewedmanaged the reconciliation and payment of US Customs entries to verify proper valuation
for three divisions.
 Developed a fabric liability process in accordance to US Customs regulations. Worked closely with
production to ensure proper valuation and destruction.
 Served as a lead in the integration of the Collection cut make and trim business into the FOB model in
SAP.
 Successfully migrated the Movex operating system into SAP for 2 divisions.
 Established the sales dilution process in SAP inclusive of an instruction manual with training classes
for our group and FP&A partners.
 Key resource in developing and implementing SAP training classes for the cost team to introduce the
SAP costing process.
Cost Accounting / Inventory Senior Manager 05/2012 to 04/2013 Home and Dress Division
 Continue to control input of all costs for two divisions.
 Selected as a lead in the implementation and financial reporting of the Canadian DC.
 Coordinate all month end closing entries through the dilution of net sales and cost variances on the P
& L .Set ending inventory reserves and balances.
 Supported the Customs Compliance team during the US Customs audit.
 Developed process mapping for the cost accounting workflow.
 Analyze and journalize freight actualcosts to standard. Report findings to production, upper
management and the traffic group.
 Review the Monthly Management Packages which report all inventory components and the calculated
inventory turns. Justify any flux from prior year, prior month, budget and forecast.
 Work closely with FP&A partners to forecast and budget cost variances.
Polo Ralph Lauren Lyndhurst N.J. 02/1985- present
Cost Accounting / Inventory Manager 2009 to 05/2012 DressDivision
 Control input of all costs. Ensure standards are set up correctly in the Movex production system.
Modify costing tables to meet with the changing production. Download seasonal costs and verify
gross margin with the production team.
 Coordinate all month end closing entries through the dilution of net sales on the P & L as well as
booking ending inventory reserves and balances.
 Review, journalize and report all Accounts Receivable reserves.
 Report sales and gross profit including cost variance analysis.
 Generate the Monthly Management Packages which report all inventory components and the
calculated inventory turns. Justify any flux from prior year, prior month, budget and forecast.
 Work closely with the FP&A team to ensure forecast is in line with reported actual.
 Forecast cost variances. Budget future year cost variances.
 Oversee the reconciliation and payment of US Customs entries to verify proper valuation.
Cost Accounting Manager 2001 to 03/2009 Women’s Division (All System F Divisions)
 Coordinate all month end closing entries through the dilution of net sales on the P & L as well as
booking ending inventory reserves and balances.
 Review, journalize and report all Accounts Receivable reserves.
 Report sales and gross profit including cost variance analysis. Forecast cost variances.
 Establish standard freight rates from actual shipments.

2.  Review and validate all inventory components (23M)-finished goods, piece goods, trim and WIP.
 Calculate and report inventory turns and flux from budget and prior year.
 Amortize sample expenses (6M annually) to coincide with the season’s shipping.
 Serve as financial liaison to the IT department.
 Maintain the general ledger accounts in AS 400 as it interfaces with Lawson (financial reporting
system)
 Review costing parameters for 4 production teams / 12 companies
 Customs and Sarbanes-Oxley compliance.
Senior Cost Accountant 04/1994 to 01/2001
 Through series of downloads work up the inventory levels: WIP,Fabric trim & Finished goods
 Book month end journals for COGS (200M annually) and Cost of Returns.
 Book inventory adjustments
 Capitalized production expenses.
 Review and book all inventory reserves
 Developed with IT a method to transmit actual costs to the broker for proper valuation at point of
entry.
 Reconcile US Customs entries to verify proper valuation of all assists.
Cost accountant 02/1985 to 04/1994
 Developed actual costing for 4 divisions/ 13 companies
 Tracked and valued fabric at overseas locations
 Analyzed freight costs as a tool to negotiate freight rate and set up a consolidation effort.
 Review all Ralph Lauren cost sheets before setting selling prices.
 Analyzed general ledger inventory and sample accounts.
 Identified overpayments to foreign contractors
Manhattan Industries, Glen Rock, N.J. 01/1980 – 02/1985
 Verifying all standard costs. Processing letters of credit and broker payments for actual costings.
 Worked on physical inventories for finished goods and domestic fabric warehouse
EDUCATION
Montclair State University, Montclair, N.J.
Bachelor of Science in Business Administration, 1980
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TECHNICAL SKILLS
 SAP, Hyperion Essbase, Ms Word, Excel, Power Point, and Monarch
 IBM AS 400 / Showcase Queries
 Internet proficient
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