Arnold M.

Winitt 489 Decatur StreetUniondale, NY 11553(H)516-483-5236 (C) 516 23

2-5190aw9a2c22@westpost.net
Introduction A seasoned manager, adept at profit and loss accountability and pro
blem solving in all aspects of financial administration and operation.
Profile of Accomplishments w Corporate accountingw Prepared audited financial st
atementsw Restructured accounting, collection, accounts receivable, and accounts
payable departments w Filed corporate tax returns and payroll taxesw Coordinate
d quarterly physical inventoriesw Determined customers' lines of credit w Superv
ised 35 people on a direct line basisw Negotiated workout situations with attorn
eysw Created credit and collection proceduresw Structured annual budgets and for
ecasting modelsw Established bank lines and new banking relationships
Experience PARTS AUTHORITYCorporate Credit Manager
2009 - 2010* Established Credit and Accoun
ts Receivable procedures in a newly created position for a company with annual s
ales in excess of $100 Million at 18 locations * Developed monthly reports for
senior management summarizing the aging of receivables by analyst, salesperson a
nd store locations * Reduced over 90 day receivables from 18.4 % to 9.3% in less
than 10 months* Work closely with 18 store managers and a sales force of 22 *
Supervise a team of 12 analysts* Established working relationships with collecti
on attorneys* Negotiated and restructured problem accountsCORPORATE COFFEE SYSTE
MS 2005-2008Controller* Established all internal accounting procedures and finan
cial statements for a newly created position* Responsible for all aspects of yea
r-end reporting with external auditors. * Produced annual budgets* Provided sen
ior management with monthly profit and loss statements * Compiled and analyzed m
onthly variances between actual and budgeted numbers* Prepared analysis for all
balance sheet and selected P/L accounts* Supervised a staff of 7 including the A
/R and A/P managers* Reorganized accounts receivable, collections and accounts p
ayable departments* Negotiated terms and discounts with vendors.* Developed new
procedures for quarterly inventory* Created a working cash flow model* Modified
the structure of salespersons monthly commissions * Improved the quality of the
daily work flow by redesigning various departments' tasks* Filed all sales tax r
eturnsSTUDEBAKER-WORTHINGTON LEASING CORP 1993-2005Controller* Responsible for a
ll corporate accounting and audited financial statements* Reported to senior man
agement monthly variances between actual and budgeted figures.* Handled all year
-end procedures with external auditors. * Developed annual budgeting and forecas
ting models* Managed daily cash flow * Restructured accounts receivable operati
ons to reduce the number of past due customers.* Established accounts payable pr
ocedures ensuring proper documentation and all possible discounts were applied p
rior to payment* Supervised a staff of 9* Created procedures to keep in complian
ce with Sarbanes - Oxley * Processed bi- monthly payroll and salespersons monthl
y commissions* Negotiated workout situations with attorneys* Prepared and filed
federal and state income tax returnsLONG ISLAND BUTTER & EGG 1991-1993Vice Presi
dent* Prepared financial statements, sales tax returns, and all account analysis
* Responsible for all accounts receivable and accounts payable* Coordinated quar
terly inventoryUNION CHELSEA NATIONAL BANK 1987-1991Vice President * Prepared
and authorized credit proposals up to $500,000 * Responsible for all aspects
of a $100,000,000 portfolio* A member of the Banks Senior Lending Committee* Pre
sented to the Senior Lending Committee transactions that exceeded $500,000
Education Pace College Bachelor of Business Administration, Accounting
Skills * Advanced knowledge of Microsoft Excel* Working knowledge of Microsoft O
utlook, Word, QuickBooks, Metroplex, Great Plains, DSI