EDWARD H. GLASSER Certified Public Accountant Chartered Global
Management AccountantP.O. Box 106Stanton, New Jersey 08885-0106
Cell (908) 303-9193 [email protected] Member American
Institute of Certified Public Accountants New Jersey Society of
Certified Public Accountants Highly accomplished, results driven
senior accounting and finance management executive with more than
20 years of progressive experience in finance and operations
management with multi-million dollar organizations.Demonstrated
ability to streamline business operations that drive growth and
increase efficiencies and bottom line profit.Strong qualifications
in developing and implementing financial controls and processes in
addition to
productivityimprovements.Possessessolidleadership,communicationandinterpersonalskillstoestablish
rapport with all levels of staff and management. CORE QUALIFICATION
AND AREAS OF EXPERTISE Accounting and Financial ManagementBudgeting
and ForecastingControllership and Decision Support Financial
Analysis and ReportingGenerally AcceptedAccounting Principles
Profitability and Cost Analysis Resource ManagementRisk
ManagementStrategic Planning Systems and Technology
UtilizationTaxationTreasury Management
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Chief Financial Officer - Daybreak Express, Inc. Newark, N.J. 2001
to
2015NationwideTransportationandLogisticsenterpriseoperatingthroughouttheUnitedStateswithlocationsin
Newark, NJ and Selma, NC with revenues from $20M to $50M.Held full
accountability for all financial operations
includingallfinancialplanningandanalysis,regulatoryandtaxcompliance,treasury,cash,acquisitions,
accounting and executive reporting.Managed adirect staff of 8, and
the IT area, as well as an indirect staff of approximately 180.
Helped contribute to the growth from 65 pieces of revenue equipment
to in excess of 360.Revenue growth of 250%, EBIDTA increase of
452%.
Keymemberinthedevelopmentandexecutionoftheshortandlongtermstrategicplanningandthe
allocation of resources in pursuit of the strategy.Monitored and
reviewed expenses and costs to consistently target a 30+% gross
profit margin as well as controlling all other expenses to maximize
profit. Helped with the culture and development of safety and loss
control to mitigate risk.Consistently controlled
theinsurancecostsandannualpremiumsfarbelowourpeers.In2014completelyoverhauledthe
insurance portfolio thereby realizing a $480,000 bottom line
savings.Preparedandpresentedfulldisclosuremanagement'sreporttotheBoardofDirectorsforamulti-entity
environment,whichaidedindecisionmakingprocesses.Communicatedresultstobanksandother
stakeholders.
DevelopedanddirectedfinancialdatatoolstoprovideaccurateinformationtotheCEOandthesenior
management team. Coordinated proper and timely fulfillment of tax
returns and various audits.
Remainedincontactwithstafftoensureopenlinesofcommunicationasanopenandinvolvedleader.Developed
a cross training program to create a positive and efficient working
environment.Acquired and developed talent by constantly challenging
them and pushing them beyond what they believed they could
accomplish thereby building their confidence and
value.Negotiatecashcreditlinesforcompany'smajorbanks.Familiarwithaccountsreceivablefinancingasa
sourceforcorporateworkingcapital.Alsogeneratedlettersofcredittosecurecertainrisks.Iwasalso
successful in persuading bank to release personal guarantees.
Controller, Director of Operations - Chicco USA, Inc, Bound Brook,
N.J. 1999 to 2001As a controller and director of operations of a US
subsidiary for a multibillion dollar worldwide toy and juvenile
distributor, I was completely responsible for all accounting,
planning and operational activities of over a dozen
individuals.Actedasliaisonwithparentcompanyincommunicatingfinancialresultsandmanagement
objectives. Developed and implemented strategies that increased
product awareness, market share and profitability.
Effectivelymanagedinventorywithcloseattentiontobudgets,timeframes,orderfulfillmentquantityand
product specifications. Spearheaded the consolidation of two
separate warehousing operations thereby reducing overall inventory
costs by approximately 35%. Reorganized and streamlined the
functional responsibilities of six employees in the accounting
department
inordertoprovidethemwithabetterunderstandingaboutthewaytheirjobresponsibilitiesfitintothe
overallobjectivesofthedepartment.Thisimprovedthemoraleofalltheemployees,whichmaximized
productivity and provided more timely information to management.
Controller - Catco Overseas Enterprises, Inc, Port Reading, N.J.
1994 to 1999 Nationwide marble and granite distributor operating
throughout the United States with revenues of $20M.Held full
accountabilityforallfinancialoperationsincludingallfinancialplanningandanalysis,regulatoryandtax
compliance, treasury, cash, acquisitions, accounting and executive
reporting.
Establishedpoliciesandproceduresformeasuringcreditworthinessandexpendingcredittonew
customers.Implementednewaccountingsystemandcashmanagementpolicyresultinginincreasedcashflow
thereby eliminating over $600,000 in short term debt. Established
procedure for measuring the float time of disbursements exceeding 1
million dollars per month which generated over $300,000 of cash for
working capital purposes. In reviewing corporate insurance
portfolio for the year prior to my tenure, discovered that the
company had
significantlyoverpaidinsurancepremiums,resultinginsubstantialrefunds.Additionally,Isuccessfully
controlled the replacement of improved group insurance at lower
costs. Significantly reduced annual audit costs by preparing full
disclosure financial statements and work papers, and presenting
them for audit.Also took on personal accounting and tax
responsibilities of principals. Controller - Cathy Daniels Ltd, New
York, N.Y.1993 to 1994 As controller for a manufacturing
corporation, direct the activities of 6 accounting employees in the
handling of the financialrecordsof 7separate
corporations.Fullyresponsibleforcorporateinsuranceportfolioincluding
group health coverage and all corporate policies.
Installedaproductcostingprogramforamanufacturingcompany,utilizingbillsofmaterialsforfinished
productsthatinterfacedstandardcostvalueswithactualcoststodetermineprofitabilitybyproductand
product line. Various Local and Regional Public Accounting Firms
1983 to 1993 Robert A Goodman & Co CPA's, New York, N.Y. Trien
Rosenberg Felix Rosenberg Barr & Weinberg CPA's Morristown,
N.J. Armus Harrison & Company CPAs, Mountainside, N.J. Smolin
Lupin & Co CPA's, West Orange, N.J.
Supervisedanddirectedtheactivitiesoflowerlevelstaffmembersinfieldauditsofvariousbusiness
entitiesincludingmanufacturing,construction,non-profitorganizations,serviceindustriesandemployee
benefit and pension funds. Designed new accounting system for a non
profit client of major CPA firm, and played a key role in guiding
the client's personnel in the installation of the new procedures
which reduced audit time by 20%.
FamiliarwithvariousSECfilingsofpubliclyheldcompaniesincludingquarterlyandannual10Q&10K
filings. EDUCATION Bachelor of Science Accounting, Rutgers
UniversityCertified Public AccountantChartered Global Management
Accountant 2012
