Maria V. Reyes, CPA

Experience

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  IES

  Jun 2003 - Jan 2006

  Financial Operations Manager

  $800m revenue, 50+ locations, National industrial and residential electrical construction company• Developed Project management Cost of Completion Analytical reporting utilizing analysis of financial models, subsidiary reporting packages, cost budget reports, and estimated costs to complete.• Identified $1m of sales tax commitments not captured and worked with customer to change scope prior to completion of project• Tested key controls and segregation of duties in preparation for external audit and was a resource to partner company controllers regarding compliance with U.S. GAAP, SOX, and SEC regulations to improve financial controls and processes across all business units• Implementation of ERP systems, policies, processes, procedures and reporting requirements for newly acquired companies Show less

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  Stork - SWL

  Jan 2006 - Sept 2006

  Controller

  Acquired by Stork, A Flour Company. Provided post-acquisition support by transitioning accounting operations to the parent company - $12m in revenue, accredited laboratories testing solutions to industries in the US and Europe • Implemented Corporate .policies, processes, procedures and reporting requirements in compliance with GAAP• Developed and implemented departmental process improvements on key areas of concern to reduce inefficiencies and improve operational margins.

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  Cat Tech Inc. (Eveready Income Fund)

  Oct 2006 - Oct 2007

  Corporate Controller

  Provided post-acquisition support by transitioning accounting operations to the Canadian parent, Eveready Income Fund, with $40m revenue, 11 locations, International Catalyst Service Company for oil and chemical industry.• Implemented policies and procedures in compliance with Canadian SOX and GAAP ERP Sage 100 (MAS90) conversion and training • Developed standardized reports by analyzing statistical and accounting information to determine profitability and measure performance against forecasts and budgets Show less

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  TIMEC Company, Inc.

  Oct 2007 - Feb 2009

  Regional Controller

  Managed $250m revenue for 20+ locations of an Industrial turnaround service company for oil and chemical refining. • Spearheaded team to collect $25m of past due invoices (90+) due to improper turnaround billings. restructured field timekeeping billing processes and project cost management to comply with client contract and reporting requirements to include KPI’s• Worked with regional operation units and customers to change the culture and mindset by developing and implementing centralized financial planning and analytical standards that identify change of scope, manage expectations and maintain committed levels of service• Systematized the budgeting processes by identifying business cycles and developed operating metrics to drive business growth strategies Show less

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  Inland Industrial Services Inc. (DeBusk Industrial Service Company)

  Feb 2009 - Mar 2010

  Controller

  Provided post-acquisition support by transitioning accounting operations to parent company, Inland Industrial Services Group. $75m in revenue in the oil and chemical industry. • Completed multiple post-acquisition integrations, process improvements and conversion from Peachtree to Oracle ERP • Restructured accounting group to shared services (13 locations shared centralized accounting - AP, AR, Purchasing and collections), reducing administrative expense by $210k yearly.• Performed market study and analysis resulting in combination and re-alignment of operations to achieve maximum revenue and profit.• Analyzed profit and loss drivers within each business unit and customer segments, provided key initiatives in compliance with corporate objectives. Show less

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  Consulting

  Jun 2010 - Mar 2012

  Consultant - Controller

  Obtained contracts through networking as well as Robert Half agency to implement and enhance compliance initiatives. • ERP Sage 100 (Timberline) conversion from Peachtree, on time and within budget.• Developed and Implemented Corporate policies and procedures in compliance with GAAP.

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  Rain CII Carbon LLC

  Apr 2012 - Sept 2014

  Financial Projects Manager

  Consulted with and provided recommendations to CFO and other members of management on various projects for international manufacturing plant, co-generating electric power with over $830 Million in revenue, industrial chemical producer & supplier. Reported directly to the CFO. Company relocated to Louisiana.• Established and implemented project management processes and methodologies (just-in-time, lean and six sigma), worked with a multi-disciplinary team to complete financial projects by outlining scope goals, deliverables, required resources and budget.• Researched, developed and implemented compliance assignments to include policies and procedures - GAAP, SOX, IFRS, transfer pricing documentation, tax sharing agreements, state sales/use tax and tax mandates, and GRC internal controls.• Assisted in transition of shared services to India.• Risk management data collection, completion and submission of annual renewals, liaison with legal counsel on review of policies. • Forensic reporting of $12.5m insurance claim project to capture all relevant costs for reimbursement, 100% reimbursement by insurance carrier. • Conducted operational reviews utilizing engineering experts to identify key risks and root-cause, compiled data and presented recommendations for management approval and oversee implementation by operations managers. Show less

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  Insperity

  Feb 2015 - Aug 2016

  Controller

  Black Diamond LLCParticipated in the acquisition for Basin Holdings and provided post-acquisition support with budgeting/forecasting and analysis to acquire private equity funding, performed due diligence and recorded opening and closing balances. $12m in revenue and 4 locations, upstream rental industry• Established financial controls, processes and procedures from scratch for startup company • Led ERP Dynamics Great Plains conversion from QuickBooks, implemented systematic process improvements and transition to shared services• Developed Treasury management: cash forecasting, covenant reporting and procedures for bank audit compliance• Worked with external audit activities, facilitating support and implementing recommendations• Defined Drill Pipe Rental Inventory Reporting by location/state to meet governmental and bank audit requirements. The accuracy of offshore inventory reduced yearly property taxes by $78k. Show less

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  Insperity

  Oct 2016 - Aug 2017

  Controller

  Buna Electric Inc./Amerimex Provided post-acquisition support with transitioning of accounting operations to the parent company, ISS (Industrial Service Solutions), $250m in assets.• Partnered with operations and sales personnel to provide general accounting oversight, financial guidance and strategic planning to improve profit margins to streamline labor productivity and manage costs.• Managed organization-wide system conversions to ensure standardized accounting across company and subsidiaries. Led ERP Traverse conversion from Peachtree and Consolidation Reporting system – Host Analytics.• Implemented new accounting system, controls, policies and procedures and collaborated with mom & pop shops to guarantee corporate GAAP compliance. • Rescued company from penalties/fees of $50k by performing due diligence on tax audit requests and reforming compliance reporting. • Led staff to provide requested documentation using hands on fact/document finding for fixed assets, implemented 3-way match processes/procedures, participated in the physical inventory to identify obsolete items. • Guided Management’s financial decisions by establishing, monitoring, and enforcing policies/procedures/internal controls to protect assets that resulted in the accuracy of the financial statements. Show less

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  CBSL Transportation Services, Inc.

  Aug 2017 - Nov 2018

  Corporate Controller

  Manage privately owned business with $60m in revenue,3 Locations, chemical logistics firm and engaged as the CFO. • Identified and resolved incorrect financial reports that were undetected by 2 previous controllers and instituted GAAP compliant policies and controls. • Collaborated with system consultant to organize a team to correct mapping and improve financial reporting accuracy and timeliness, allowing for quick access to documents for yearly review and management requests. • Instituted corrective actions and trained AP clerks on cost coding COGS vs. SG&A, accurately capturing and recording expenses and accruals, and identifying taxable vs. untaxable purchases for 3 states that reduced sales tax expense, sales tax audit fines and penalties.• Reduced year end journal entries by 90% in 2017 compared to 2016, reflecting accurate interim financial reporting. • Restructured Finance and Accounting department, implemented new cash management policies, controls and processes to increase cash flow and pay off outstanding line of credit, cutting interest expense.• Obtained bank line of credit of $5 million, $2.5 million for equipment financing and $4 million real estate financing.• Reduced 30+ outstanding accounts by 87% from 48% to 6% and DSO by 26% from 53 to 39 within 12 months.• Improved profit margins by collaborating with operations managers to streamline labor productivity and reduce production costs with "what if" scenarios and redirected the sales focus to higher contribution services based on financial analysis, increasing net profit.• Implemented Just In Time delivery to reduce inventory shrinkage of up to $20k per month. Show less

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  Solugen

  Nov 2018 - Jun 2024

  Senior Director of Accounting

  Manage all aspects of Accounting, Finance, Payroll, HR for Start-up Company that has grown from 8 employees to over 200, 3 locations and $85m of revenue in 20+ states in biotech chemical manufacturing• Reported and strategized financial matters, provided guidance on financial decisions• Established, monitored and enforced policies and procedures in accordance with US GAAP• Various ERP/Software implementations reducing manual processes, improving accuracy and efficiencies.• Risk management assessment- insurance coverage, claims and mitigation • Coordinate activities and manage data flow of external auditors (financial audits, bank audits, workers compensation audits, 401k audits, sales tax audits)• Developed HR department to include Employee benefits, set-up various state payroll taxes, acquired payroll services (Gusto and Zenefits)• Spearheaded procurement department to include purchasing and shipping/receiving processes and procedures• Manage the Accounting department to include Planning, directing and coordinating all accounting operational functions and learning opportunities for continued growth, strengthen leadership & increase productivity. Show less