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Nicholas V. Vasile
118 Washington Street Norwich, CT 06360 • 860-908-8975• nick@gilmanbrothers.com
EXPERIENCE SUMMARY
• 14 years of progressively responsible work experience in a lean manufacturing environment.
• Proven track record for motivating and implementing necessary data flow processes.
• Adaptable skill-set ideal for organizations where employees must keep pace with change.
• Positive, results-oriented attitude with a strong sense of priorities and follow through actions.
PROFESSIONAL EXPERIENCE
2006-2007 Gerber Scientific, Inc., South Windsor, CT
Senior Auditor
Worked with the Director of Internal Audit to identify areas of potential business risk
within the Company and its subsidiaries. Designed and implemented audit programs to
quantify and control risk.
• Planned and performed both domestic and international reviews of accounting and
control systems within the Company.
• Ensured the adequacy and effectiveness of such systems.
• Ensured that financial and control activities complied with Management policies.
• Designed and Reviewed audit programs with the Director for approval.
• Performed and directed fieldwork in accordance with the approved audit program.
• Reviewed functional activities by analyzing transactions and verifying consistency to
representations made by management.
• Evaluated internal control effectiveness over financial and operational activities.
• Prepared and reviewed audit workpapers documenting the results of the review.
• Reviewed and substantiated significant findings with operating personnel.
• Conducted post-audit meetings with management of the entity being reviewed.
• Drafted audit reports identifying factors causing deficient conditions.
• Recommended process improvements to the Manager or Director for review.
1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT
Controller (2002 – 2006)
Oversaw all aspects of financial management and GAAP reporting including direct
responsibility for securing financing needed for acquisition and managing primary
banking relationship.
• Presented quarterly performance updates to financial partners and government agencies.
• Calculated business segment valuations for carve-out sale of discontinued operations.
• Compiled and authored business plan used in successful acquisition of subsidiary.
• Initiated change of primary lender in order to alleviate covenant and cash flow
pressures.
NICHOLAS V. VASILE
(2)
1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT
Controller (continued) (2002 – 2006)
• Collaborated with operations managers to select product segments to be discontinued.
• Worked with insurance carriers to receive workers comp credits immediately after
labor reduction.
• Compiled and presented data in support of critical make vs. buy decision making.
• Obtained two unsecured credit lines in support of military contract inventory
investments.
• Reduced accounting staff from seven to three by implementation of targeted MIS
technology.
• Worked with external auditors to move towards a paperless audit thereby reducing
recordkeeping.
• Modeled and directed integration of subsidiary accounting systems onto corporate
platform.
• Reshaped accounting process to qualify for progress payments resulting in improved
cash flow.
• Calculated, reported, and analyzed detail level monthly financial packages for two
divisions.
• Consolidated monthly Income Statement, Balance Sheet, and Statement of Cash Flow.
• Streamlined journal entry process through the use of recurring monthly ledger
batches.
• Established annual goals-down budget for sales organization and target costs for
operations.
• Reconciled ledger and provided all necessary documentation for annual audit.
• Updated financial statement footnotes included with annual audited financial package.
Accounting Manager (1999 – 2002)
Centralized accounting function by mandating the discontinuance of redundant data
processes and legacy systems. Upgraded ACCPAC accounting package to windows
platform.
• Partnered with consultants to manage company-wide training for major software
upgrade.
• Changed valuation method for non-labor bearing inventory from standard to actual
receipt value.
• Instituted a separation of duties that resulted in the discovery of ongoing fraud.
• Teamed with auditors and lawyers to document and quantify fraud resulting in
conviction.
• Provided necessary documentation to insurance carrier to recoup fraud losses under
policy.
• Analyzed and presented custom-tailored data in a clear manner as needed by the
CEO.
• Tracked monthly metrics including DSO, Inventory Conversion Days, Cash
Conversion Days.
• Prepared segmented variance reports that compared actual to plan in both volume and
margin.
• Tracked and reported monthly historical sales, bookings, and backlog by product
segment.
NICHOLAS V. VASILE
(3)
2000 – 2006 BROWNELL & COMPANY INC., Moodus, CT
Accounting Manager (continued) (1999 – 2002)
• Worked with AP department to prioritize and control cash payments during seasonal
slow down.
• Ensured compliance to financial ratios contained within contractual borrowing
covenants.
• Assembled monthly borrowing base certificate and monitored collateralization of
credit line.
• Calculated and submitted quarterly payroll tax returns as well as sales and use tax
returns.
• Performed fixed asset accounting including revision of depreciation entries as needed.
• Prepared annual personal property tax declarations required by municipalities.
1999 KPMG LLP, Hartford, CT
Staff Auditor
Contributed in assurance services for manufacturing, retail, and distribution clients;
specialized in audits of inventory and revenue recognition on military contracts.
• Involved in SAS 70 audit (test of internal controls) at Aetna.
• Performed Revenue recognition testing for long-term contract accounting at Kaman
Aerospace.
• Assembled and organized product sales and cost data for Loctite special consulting
engagement.
• In-charge for the first full audit of Warren Corp. Prior engagements for client had
been review level.
• Other Clients: AC Molding, Electrical Wholesalers, Jensen Industries, Arbor Acres,
Alpha Q, Bedding Barn.
1992 – 1998 BROWNELL & COMPANY INC., Moodus, CT
Management Accountant
Responsible for all facets of product costing systems and plant accounting.
• Conceptualized and implemented EDP by which material standard costs could be
instantly updated.
• Conceptualized and implemented EDP by which labor standard costs could be
instantly updated.
• Measured process rates and calculated industrial engineering internal and external
cycle times.
• Calculated linear regression of departmental cost data in order to determine process
cost functions.
• Engineered all labor standards factoring in internal and external cycle times.
• Assigned production rate goals based upon measured industrial engineering data.
• Provided Production Managers with weekly standard manning hours forecast based
on backlog.
• Collaborated with purchasing department to set inventory order points as part of
overall MRP.
• Saved over $200K in fuel by discovering diminished batch sizes no longer supported
dye process.
NICHOLAS V. VASILE
(4)
1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT
Management Accountant (continued) (1999 – 2002)
• Assisted Production Manager in joining order data with bills of material to automate
scheduling.
• Calculated and booked year-end change in LIFO reserve pools.
• Supervised and processed all facets of semi-annual physical inventory.
• Motivated implementation of full inventory perpetual system including all WIP
movement.
• Instituted an inventory cycle counting policy resulting in lower physical adjustments.
• Calculated monthly cost of goods sold for material, labor, and factory overhead.
• Calculated, tracked, and updated process waste rates to include in standard cost of
production
• Trained under consultants to expand personal competency in environmental
compliance.
• Developed tracking tools designed to demonstrate continuous compliance to
environmental regs.
• Collaborated with sales professionals to set pricing policies and provide quotes on
custom jobs.
EDUCATION UNIVERSITY OF CONNECTICUT, Storrs, CT
B.S., School of Business Administration, Major: Accounting, December, 1997
• School of Business GPA: 3.88
• Dean’s List: fall 1996, spring 1996, fall 1997
• 1997 New England Scholar
• Accounting Department Nominee to intern at Financial Accounting Standards
Board
CONTINUING EDUCATION & TRAINING
• The Basics of Taking Physical Inventories and Cycle Counts, Padgett Thompson
• Implementing ISO 9000 Quality Standards in Your Company, Southeastern
Massachusetts Partnership
• Strategies in Lean Manufacturing, New Haven Chamber of Commerce
• Business Process Modeling (BMP), KPMG, LLP
• AICPA Associate Member, 1997-1999
SOFTWARE PROFICIENCIES
ACCPAC, Word, Excel, Access, PowerPoint, Adobe Photoshop, Crystal Reports,
Outlook, SAP, Macola ES
References Available Upon Request
NICHOLAS V. VASILE
(4)
1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT
Management Accountant (continued) (1999 – 2002)
• Assisted Production Manager in joining order data with bills of material to automate
scheduling.
• Calculated and booked year-end change in LIFO reserve pools.
• Supervised and processed all facets of semi-annual physical inventory.
• Motivated implementation of full inventory perpetual system including all WIP
movement.
• Instituted an inventory cycle counting policy resulting in lower physical adjustments.
• Calculated monthly cost of goods sold for material, labor, and factory overhead.
• Calculated, tracked, and updated process waste rates to include in standard cost of
production
• Trained under consultants to expand personal competency in environmental
compliance.
• Developed tracking tools designed to demonstrate continuous compliance to
environmental regs.
• Collaborated with sales professionals to set pricing policies and provide quotes on
custom jobs.
EDUCATION UNIVERSITY OF CONNECTICUT, Storrs, CT
B.S., School of Business Administration, Major: Accounting, December, 1997
• School of Business GPA: 3.88
• Dean’s List: fall 1996, spring 1996, fall 1997
• 1997 New England Scholar
• Accounting Department Nominee to intern at Financial Accounting Standards
Board
CONTINUING EDUCATION & TRAINING
• The Basics of Taking Physical Inventories and Cycle Counts, Padgett Thompson
• Implementing ISO 9000 Quality Standards in Your Company, Southeastern
Massachusetts Partnership
• Strategies in Lean Manufacturing, New Haven Chamber of Commerce
• Business Process Modeling (BMP), KPMG, LLP
• AICPA Associate Member, 1997-1999
SOFTWARE PROFICIENCIES
ACCPAC, Word, Excel, Access, PowerPoint, Adobe Photoshop, Crystal Reports,
Outlook, SAP, Macola ES
References Available Upon Request

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Vasile Nicholas Resume

  • 1. Nicholas V. Vasile 118 Washington Street Norwich, CT 06360 • 860-908-8975• nick@gilmanbrothers.com EXPERIENCE SUMMARY • 14 years of progressively responsible work experience in a lean manufacturing environment. • Proven track record for motivating and implementing necessary data flow processes. • Adaptable skill-set ideal for organizations where employees must keep pace with change. • Positive, results-oriented attitude with a strong sense of priorities and follow through actions. PROFESSIONAL EXPERIENCE 2006-2007 Gerber Scientific, Inc., South Windsor, CT Senior Auditor Worked with the Director of Internal Audit to identify areas of potential business risk within the Company and its subsidiaries. Designed and implemented audit programs to quantify and control risk. • Planned and performed both domestic and international reviews of accounting and control systems within the Company. • Ensured the adequacy and effectiveness of such systems. • Ensured that financial and control activities complied with Management policies. • Designed and Reviewed audit programs with the Director for approval. • Performed and directed fieldwork in accordance with the approved audit program. • Reviewed functional activities by analyzing transactions and verifying consistency to representations made by management. • Evaluated internal control effectiveness over financial and operational activities. • Prepared and reviewed audit workpapers documenting the results of the review. • Reviewed and substantiated significant findings with operating personnel. • Conducted post-audit meetings with management of the entity being reviewed. • Drafted audit reports identifying factors causing deficient conditions. • Recommended process improvements to the Manager or Director for review. 1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT Controller (2002 – 2006) Oversaw all aspects of financial management and GAAP reporting including direct responsibility for securing financing needed for acquisition and managing primary banking relationship. • Presented quarterly performance updates to financial partners and government agencies. • Calculated business segment valuations for carve-out sale of discontinued operations. • Compiled and authored business plan used in successful acquisition of subsidiary. • Initiated change of primary lender in order to alleviate covenant and cash flow pressures.
  • 2. NICHOLAS V. VASILE (2) 1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT Controller (continued) (2002 – 2006) • Collaborated with operations managers to select product segments to be discontinued. • Worked with insurance carriers to receive workers comp credits immediately after labor reduction. • Compiled and presented data in support of critical make vs. buy decision making. • Obtained two unsecured credit lines in support of military contract inventory investments. • Reduced accounting staff from seven to three by implementation of targeted MIS technology. • Worked with external auditors to move towards a paperless audit thereby reducing recordkeeping. • Modeled and directed integration of subsidiary accounting systems onto corporate platform. • Reshaped accounting process to qualify for progress payments resulting in improved cash flow. • Calculated, reported, and analyzed detail level monthly financial packages for two divisions. • Consolidated monthly Income Statement, Balance Sheet, and Statement of Cash Flow. • Streamlined journal entry process through the use of recurring monthly ledger batches. • Established annual goals-down budget for sales organization and target costs for operations. • Reconciled ledger and provided all necessary documentation for annual audit. • Updated financial statement footnotes included with annual audited financial package. Accounting Manager (1999 – 2002) Centralized accounting function by mandating the discontinuance of redundant data processes and legacy systems. Upgraded ACCPAC accounting package to windows platform. • Partnered with consultants to manage company-wide training for major software upgrade. • Changed valuation method for non-labor bearing inventory from standard to actual receipt value. • Instituted a separation of duties that resulted in the discovery of ongoing fraud. • Teamed with auditors and lawyers to document and quantify fraud resulting in conviction. • Provided necessary documentation to insurance carrier to recoup fraud losses under policy. • Analyzed and presented custom-tailored data in a clear manner as needed by the CEO. • Tracked monthly metrics including DSO, Inventory Conversion Days, Cash Conversion Days. • Prepared segmented variance reports that compared actual to plan in both volume and margin. • Tracked and reported monthly historical sales, bookings, and backlog by product segment.
  • 3. NICHOLAS V. VASILE (3) 2000 – 2006 BROWNELL & COMPANY INC., Moodus, CT Accounting Manager (continued) (1999 – 2002) • Worked with AP department to prioritize and control cash payments during seasonal slow down. • Ensured compliance to financial ratios contained within contractual borrowing covenants. • Assembled monthly borrowing base certificate and monitored collateralization of credit line. • Calculated and submitted quarterly payroll tax returns as well as sales and use tax returns. • Performed fixed asset accounting including revision of depreciation entries as needed. • Prepared annual personal property tax declarations required by municipalities. 1999 KPMG LLP, Hartford, CT Staff Auditor Contributed in assurance services for manufacturing, retail, and distribution clients; specialized in audits of inventory and revenue recognition on military contracts. • Involved in SAS 70 audit (test of internal controls) at Aetna. • Performed Revenue recognition testing for long-term contract accounting at Kaman Aerospace. • Assembled and organized product sales and cost data for Loctite special consulting engagement. • In-charge for the first full audit of Warren Corp. Prior engagements for client had been review level. • Other Clients: AC Molding, Electrical Wholesalers, Jensen Industries, Arbor Acres, Alpha Q, Bedding Barn. 1992 – 1998 BROWNELL & COMPANY INC., Moodus, CT Management Accountant Responsible for all facets of product costing systems and plant accounting. • Conceptualized and implemented EDP by which material standard costs could be instantly updated. • Conceptualized and implemented EDP by which labor standard costs could be instantly updated. • Measured process rates and calculated industrial engineering internal and external cycle times. • Calculated linear regression of departmental cost data in order to determine process cost functions. • Engineered all labor standards factoring in internal and external cycle times. • Assigned production rate goals based upon measured industrial engineering data. • Provided Production Managers with weekly standard manning hours forecast based on backlog. • Collaborated with purchasing department to set inventory order points as part of overall MRP.
  • 4. • Saved over $200K in fuel by discovering diminished batch sizes no longer supported dye process.
  • 5. NICHOLAS V. VASILE (4) 1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT Management Accountant (continued) (1999 – 2002) • Assisted Production Manager in joining order data with bills of material to automate scheduling. • Calculated and booked year-end change in LIFO reserve pools. • Supervised and processed all facets of semi-annual physical inventory. • Motivated implementation of full inventory perpetual system including all WIP movement. • Instituted an inventory cycle counting policy resulting in lower physical adjustments. • Calculated monthly cost of goods sold for material, labor, and factory overhead. • Calculated, tracked, and updated process waste rates to include in standard cost of production • Trained under consultants to expand personal competency in environmental compliance. • Developed tracking tools designed to demonstrate continuous compliance to environmental regs. • Collaborated with sales professionals to set pricing policies and provide quotes on custom jobs. EDUCATION UNIVERSITY OF CONNECTICUT, Storrs, CT B.S., School of Business Administration, Major: Accounting, December, 1997 • School of Business GPA: 3.88 • Dean’s List: fall 1996, spring 1996, fall 1997 • 1997 New England Scholar • Accounting Department Nominee to intern at Financial Accounting Standards Board CONTINUING EDUCATION & TRAINING • The Basics of Taking Physical Inventories and Cycle Counts, Padgett Thompson • Implementing ISO 9000 Quality Standards in Your Company, Southeastern Massachusetts Partnership • Strategies in Lean Manufacturing, New Haven Chamber of Commerce • Business Process Modeling (BMP), KPMG, LLP • AICPA Associate Member, 1997-1999 SOFTWARE PROFICIENCIES ACCPAC, Word, Excel, Access, PowerPoint, Adobe Photoshop, Crystal Reports, Outlook, SAP, Macola ES References Available Upon Request
  • 6. NICHOLAS V. VASILE (4) 1999 – 2006 BROWNELL & COMPANY INC., Moodus, CT Management Accountant (continued) (1999 – 2002) • Assisted Production Manager in joining order data with bills of material to automate scheduling. • Calculated and booked year-end change in LIFO reserve pools. • Supervised and processed all facets of semi-annual physical inventory. • Motivated implementation of full inventory perpetual system including all WIP movement. • Instituted an inventory cycle counting policy resulting in lower physical adjustments. • Calculated monthly cost of goods sold for material, labor, and factory overhead. • Calculated, tracked, and updated process waste rates to include in standard cost of production • Trained under consultants to expand personal competency in environmental compliance. • Developed tracking tools designed to demonstrate continuous compliance to environmental regs. • Collaborated with sales professionals to set pricing policies and provide quotes on custom jobs. EDUCATION UNIVERSITY OF CONNECTICUT, Storrs, CT B.S., School of Business Administration, Major: Accounting, December, 1997 • School of Business GPA: 3.88 • Dean’s List: fall 1996, spring 1996, fall 1997 • 1997 New England Scholar • Accounting Department Nominee to intern at Financial Accounting Standards Board CONTINUING EDUCATION & TRAINING • The Basics of Taking Physical Inventories and Cycle Counts, Padgett Thompson • Implementing ISO 9000 Quality Standards in Your Company, Southeastern Massachusetts Partnership • Strategies in Lean Manufacturing, New Haven Chamber of Commerce • Business Process Modeling (BMP), KPMG, LLP • AICPA Associate Member, 1997-1999 SOFTWARE PROFICIENCIES ACCPAC, Word, Excel, Access, PowerPoint, Adobe Photoshop, Crystal Reports, Outlook, SAP, Macola ES References Available Upon Request