Summary
Overview
Work History
Education
Skills
Timeline
Generic

Alina Terence

Summary

Dedicated Cost Accountant with solid experience providing accounting support to various operating
groups and manufacturing plants. Strong knowledge of GAAP, relevant government regulations,
internal controls, cost accounting methods, and cost modeling tools and methods. Demonstrated
analytical skills and an ability to interpret complex data in meaningful and relevant ways to
accurately identify variances. Result oriented professional with proven progressive team building
and management experience.

Overview

9
9
years of professional experience

Work History

Cost Accountant

Meridian Light Weight Technologies
10.2021 - Current
  • Analyzed and reported on the cost of goods sold and other expenses, identifying areas for cost savings and reducing overall expenses by 10%
  • Monitored and analyzed labor costs and productivity, implementing process improvements that led to a 20% increase in productivity and a 5% reduction in labor costs
  • Lead all financial planning and analysis (FP&A), including month-end, year-end closing, forecasting, budgeting and cash flow management and reporting for 4 business units across USA and Canada
  • Collaborated with key cross-functional team members to develop and establish the multi-year product cost targets and roadmap for achieving those targets
  • Completely owned and operated annual budget model with more than 200 accounts and over $500 million worth of expense along with monthly review and variance analysis
  • Managed over $5 million of materials, purchased items, work-in-progress and finished goods
  • Provided management with reports specifying and comparing factors affecting the cost and profitability of products
  • Act as liaison between company and auditors
  • Leading and supervising internal and statutory audits
  • Implemented Concur process to streamline company credit card expenses and travel expenses by employees
  • This helped in better tracking of expenses and more accurate forecasting.

Costing/Finance Supervisor

Tycho Poly Inc.
06.2018 - 09.2021
  • Directed comprehensive financial strategy, increasing revenue by 15% year-over-year through optimization of investments and capital management
  • Spearheaded integration of a new financial analytics platform, improving forecasting accuracy by 25%
  • Implemented rigorous cost-control measures that resulted in 20% reduction in operating expenses, significantly boosting profit margins
  • Negotiated high-value contracts with suppliers, achieving 10% cut in supply costs through strategic sourcing techniques
  • Developed and implemented financial policies and procedures, resulting in improved accuracy and efficiency in financial reporting
  • Analyzed financial statements and reports to identify areas for cost reduction and revenue enhancement, leading to 10% increase in profitability
  • Managed budgeting and forecasting process, achieving a 95% accuracy rate and ensuring alignment with organizational goals
  • Actively took part in ERP conversion From SAP to Office Dynamics and acting as liaison with software team and organization
  • Providing training to finance staffs across the organization with new software
  • Worked closely with plant manager and other department executives to share reports and contribute to the strategic planning of future activities
  • Ensured compliance with financial guidelines, company policies and legal regulations (GAAP, IFRS and SOX Act)
  • Reviewing capital projects and tracking project spends, implemented monthly CAPEX meetings for tracking capital project’s progress, which helped in timely completion of projects and to limit the spent within the approved budget
  • Manage and mitigate financial risk, including monitoring cash flow, budgeting and cost-benefit analysis
  • Develop and execute strategies to improve financial operations such as implementing new technologies or process enhancements
  • Validation of cost center, BOM and performing other cost analysis
  • Review of assets and performing cycle count as part of SOX compliance
  • Review and analysis of books of accounts and performing account reconciliations of over 30 accounts and posting adjustment entries
  • Key role in preparation and compilation of annual financial plan
  • Collaborate with internal stakeholders and external vendors, building strong relationships and effectively managing financial operations
  • Provide guidance and support to staff on financial operations matters, promoting professional development and growth
  • Oversee accounts receivable and accounts payable processes, ensuring timely and accurate transactions
  • Lead and develop a team of finance professionals, providing guidance, training, and performance feedback.

Senior Financial Analyst

General Electric
08.2015 - 04.2018
  • Developed financial models to accurately project company revenue and profitability, resulting in a 5% increase in investors
  • Monitored and analyzed external and internal trends related to financial issues and presented innovative solutions to senior management
  • Performed a cost of sales analysis to identify areas of optimization, resulting in a 5% cut in operational costs
  • Strategized and implemented cost-saving strategies to improve operational performance, resulting in a 15% decrease in manual labor and 15% increase in efficiency
  • Coordinated with other departments to always ensure accuracy of financial reports and fiscal compliance
  • Conducted financial analysis and provided actionable insights, resulting in a 35% improvement in annual revenue
  • Identified cost-cutting measures that saved the company $400,000 annually
  • Initiated the use of advanced Excel functions, reducing data processing time by 25%
  • Implemented and maintained budgeting, forecasting models and variance analysis to track and monitor financial progress, and identified opportunity for improvement accordingly
  • Compiled and articulated findings from 10+ client surveys in reports presented to executive leadership; these insights led to the implementation of two new initiatives that enhanced client satisfaction scores across 90% of respondents.

Education

Skills

  • Advanced knowledge in standard costing, activity-based costing, cost-benefit analysis, variance analysis and financial modelling
  • Detail oriented with demonstrative organization skills
  • Strong budgeting and forecasting experience
  • Proficient in KPI management, Labor cost management, COGS analysis and cost estimation
  • Risk management, process evaluation and Performance optimization
  • Highly collaborative with strong communication, interpersonal, organizational, time management and analytical skills
  • Experience in ORACLE, SAP, SAGE
  • Good Knowledge in Accounting Standards and IFRS
  • Advanced knowledge in Microsoft Excel and PowerPoint
  • Cost Analysis - Skill in assessing cost of materials and services
  • Cost Management: Cost-Benefit Analysis, Budget Forecasting, Variance Analysis, Financial Modeling, Earned Value Management, Risk Assessment
  • Data Analysis: SQL, Tableau, Power BI, QlikView, Advanced Analytics, Pivot Tables
  • Interdepartmental Collaboration

Timeline

Cost Accountant

Meridian Light Weight Technologies
10.2021 - Current

Costing/Finance Supervisor

Tycho Poly Inc.
06.2018 - 09.2021

Senior Financial Analyst

General Electric
08.2015 - 04.2018

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Alina Terence