JASON JAMES SMITH
Chicago
Summary
Accomplished professional with several years of expertise overseeing accounting functions for multinational companies. Proficient in directing end-to-end accounting cycles, financial reporting and policy and procedure development. Well versed in us gaap, ifrs and other statutory requirements.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Operations Controller – Titan Electronics
Harmer Associates
Chicago
05.2023 - 04.2024
- Re-engineered and streamlined weekly operational reporting to management including labor, financial, billing and other significant metrics
- Engaged ERP system developers/owners to help train and support industry specific system after complete turnover in the accounting department
- Developed and documented closing procedures including JE’s, reconciliations, and billing/operational procedures
- Reconciled and cleaned up Trial balance after a year of turnover and neglect
- Managed shared company credit card and assisted in implementation of individual P Cards to ensure business continuity
- Help lead initiative to bring AP to a current and accurate status after heavy turnover
- Streamlined and enhanced significant entries and processes such as Percentage of completion, management estimates, Credit card transactions, reporting, inventory, and cost tracking
- Led fully inventory count and clean up project after over a year of neglect and turnover
Consultant – Crash Champions
Harmer Associates
Chicago
05.2023 - 04.2024
- Managed a team of 6 accounting professionals and all aspects of month end close
- Assisted in implementation of new ERP system including planning, testing, and implementation
- Re-engineered close responsibilities and duties resulting in reduction of close time from 12 to 7 days
- Designed and implemented new processes, workpapers, and reconciliations for several problematic accounting areas including Insurance, Prepaids, Intercompany Revenue/Costs, Workers Compensation, CIP, and Accruals
- Oversaw the onboarding of new employees and contractors in high turnover environments to ensure continuity in close
- Worked with accounting team to evaluate and recommend improvements to accounting systems and procedures
North American Controller/Director of Consolidations & Corp Acct.
Culligan International
Rosemont
04.2022 - 05.2023
- Oversaw the global financial consolidation of 200+ business units for Culligan International, a multibillion-dollar PE owned mid cap corporation operating in 90+ countries
- Responsible for monthly financial close process of corporate function including review of entries, reconciliation of accounts, and reporting to management
- Prepared and reviewed the global consolidated month end variance analysis, identified areas of concerns along with resolutions and reported to management
- Managed a team of 6 accountants and partnered with Controllers/Finance directors across the world on various accounting issues
Controller
Peerless Network
Chicago
08.2018 - 04.2022
- Significant involvement in day-to-day operations such as reviewing invoices and payment schedules, preparing journal entries, commission statements, fixed asset additions, prepaids, internal capitalized software, equity transactions, intangibles, etc
- Responsible for monthly financial close process including review of all entries, reconciliation of accounts, preparation of internal financial statements, and reporting to management
- Managed and oversaw external audit and preparation of external financial statements
- Assisted management with special projects such as acquisition due diligence, financial planning, debt refinancing, asset purchases and/or sales and other one-off transactions
- Prepared technical accounting memos and develop controls for complex transactions
- Managed a team of five including accounts payable, accounts receivable, cost assurance, and manager of accounting involving day to day oversight, professional development, and education, reviewing work, and building a team environment
- Developed, documented, and maintained accounting methodologies for estimates, such as allowance for doubtful accounts and payable reserve
- Responsible for record keeping and accounting for capitalization table transactions which include options, warrants, phantom stock, RSU’s and dividends
- Configured and implemented Concur software, including company-wide training, support, and administration
- Managed and develop internal control environment and segregation of duties
Manager of Financial Reporting & Technical Accounting
Takeda Pharmaceuticals
Deerfield
08.2015 - 08.2018
- Controllership responsibilities included oversight of six U.S
- Business units totaling $2.4B in annual revenue
- Prepared and reported monthly IFRS financial results to parent company in Japan
- Managed a team of four senior financial analysts involving day-to-day oversight, professional development, and education, reviewing work, and building a team environment
- Worked with business unit leaders to develop budgets and metrics to evaluate financial performance at both consolidated and business unit level
- Developed, implemented, and oversaw controls at various levels within the organization
- Researched and authored white papers for unique transactions, business development contracts, new accounting pronouncements, etc
- Assisted with the financial integration of new entities obtained through business combinations
- Managed the accounting of $500MM investment portfolio including mark to market, impairment analysis, bifurcation of derivatives, etc
- Assisted in evaluating impacts, and implementation of IFRS 15 (Rev Rec), 16 (Leases), and 9 (Investments)
- Prepared and presented quarterly financial package to executive team
- Managed internal and external audits and associated relationships
Internal Auditor
IDEX Corporation
Lake Forest
01.2014 - 08.2015
- Responsibilities included designing, planning, and executing SOX, financial, and operational audits at business units around the world
- Worked with various levels of corporate and business unit management to identify issues and provide solutions
- Researched, attended trainings, and assisted Corporate Controller in developing accounting policies based on new revenue recognition guidance issued by the FASB
- Helped integrate business units with audit software to enhance efficiency and reporting
- Helped to build positive relationships between the internal audit department and business units
- Assisted in compliance investigations and interviews in response to ethics hotline responses
Assurance Manager
Ernst & Young, LLP
Chicago
11.2012 - 12.2013
- Responsibilities included planning and review of audit work including testing of accounts and controls (SOX 404), consultation with management on accounting issues and assistance in the preparation of financial statements
- Responsible for managing client expectations, job profitability, staff efficiency, and audit quality for several engagements occurring within the same time period
- Provided effective and timely communication to clients regarding potential accounting issues, inefficiencies, billing overruns, and status of engagement on a regular basis
- Continually worked to create a positive working environment for both client and team members to improve client relationships and the quality of life
Supervisor
McGladrey & Pullen, LLP
Chicago
05.2007 - 11.2012
- Supervised and participated in audit and review engagements that required the planning and development of appropriate procedures to test account balances, internal controls, compliance and identify areas for improvement using a risk-based approach
- Provided analysis of client financial performance & prepare financial statements
- Prepared and communicated results of audit to management and make recommendations to improve operations, controls, and financial position of company
- Maintained and grew relationships with clients, interacting with all levels of responsibility, ranging from support staff to upper-level management
- Managed many different tasks during engagements including, client expectations, scheduling, training staff, reviewing work, adhering to budgets, and meeting deadlines, while maintaining a positive work atmosphere
Senior Auditor
Hill Taylor, LLC
Chicago
10.2005 - 05.2007
- Performed and supervised a variety of auditing assignments in privately held, publicly held, and not-for-profit companies and obtained extensive audit experience in many of the financial areas
- Major responsibilities included planning and performing financial statement audits, preparing financial statements, and performing internal control reviews
- Worked with clients such as Northern Trust, Harris Bank, Borg Warner, USG, and Walgreens
Education
Bachelor of Science - Accounting
The University of Illinois at Chicago
Skills
- Revenue recognition
- SAAS
- Multiple element arrangements
- VSOE
- Complex equity
- Convertible stock
- Warrants
- Convertible debt
- Stock options
- Internally developed software capitalization
- Pharmaceutical intangibles
- US GAAP proficiency
- Audit preparation
- Financial controls implementation
Certification
- CPA
Timeline
Operations Controller – Titan Electronics
Harmer Associates
05.2023 - 04.2024
Consultant – Crash Champions
Harmer Associates
05.2023 - 04.2024
North American Controller/Director of Consolidations & Corp Acct.
Culligan International
04.2022 - 05.2023
Controller
Peerless Network
08.2018 - 04.2022
Manager of Financial Reporting & Technical Accounting
Takeda Pharmaceuticals
08.2015 - 08.2018
Internal Auditor
IDEX Corporation
01.2014 - 08.2015
Assurance Manager
Ernst & Young, LLP
11.2012 - 12.2013
Supervisor
McGladrey & Pullen, LLP
05.2007 - 11.2012
Senior Auditor
Hill Taylor, LLC
10.2005 - 05.2007
Bachelor of Science - Accounting
The University of Illinois at Chicago
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