David Acocello

CFO at The Louver Shop

Location
Greater Atlanta Area
Industry
Building Materials

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David Acocello's Overview

Current
  • CFO at The Louver Shop
Past
  • VP of Finance - Commnet Supply, LLC at Telmar Network Technology/Commnet Supply, LLC
  • VP of Finance/Controller at Commnet Supply, LLC
  • Equipment Group Controller at World Access, Inc
  • Corporate Controller at Technology Service Group
  • Accountant at Zales Corporation
  • Corporate Accountant at Trinity Industries, Inc
Education
Connections

301 connections

David Acocello's Experience

Privately Held; 51-200 employees; Consumer Goods industry

May 2011Present (3 years 5 months)

VP of Finance - Commnet Supply, LLC

Telmar Network Technology/Commnet Supply, LLC

Public Company; 501-1000 employees; Telecommunications industry

May 2001October 2010 (9 years 6 months)

VP of Finance/Controller

Commnet Supply, LLC

Public Company; 11-50 employees; Telecommunications industry

May 2001October 2010 (9 years 6 months)

Commnet Supply is a wholly owned independently operated subsidiary of Telmar Network Technology.
Responsible for all daily accounting activities including weekly cash flow forecasting, daily sales & margin reporting, monthly consolidation and financial reporting to parent company for a $40 million supplier of telecommunication equipment for the Tier II and Tier III wireless carriers.
Achieved a three day close cycle. Responsible for monthly IS Flash, quarterly P&L forecasting for Wireless entities and CALA.
Responsible for preparation of all year end audit schedules and inventory controls.
Responsible for all of accounting and finance functions for the South American, Mexico and Caribbean subsidiaries of the parent company beginning in 2009.
Traveled to Brazil numerous times to review financials for Brazilian GAAP vs. US GAAP and also finalized year end audit schedules for approval by the CFO and auditors from Deloitte and Touche.
In 2007 became Certified Internal Auditor for ISO 9000.
Implemented Oracle in Brazil in 2009 and for Commnet in 2006.
Currently assisting with implementation of Depot Repair Program in Brazil to track customer product repair costs and maintain control of inventories.
Consolidated two other locations to Atlanta in 2008 from Illinois and Florida resulting in a 20% decrease in headcount and fixed cost savings.
Implemented program to reduce inventories by 45% within 15 months.
Prior to 2004, negotiated and arranged a $7.5M revolving credit line.
Responsible for overseeing the daily accounting and reporting of 16 Wireless Operating Companies.
Implemented controls over fixed asset purchasing.
Directly and indirectly supervised 12 employees

Equipment Group Controller

World Access, Inc

Public Company; 501-1000 employees; Insurance industry

September 1998May 2001 (2 years 9 months)

Responsible for overseeing the day to day accounting operations of seven subsidiaries located through out the US and provided financial information to the president of the equipment group.
Selected by the Corporate CFO and President to act as CFO for one of the subsidiaries that did not have a dedicated person responsible for daily and monthly financial reporting.
Responsible Corporate Information Technology Department.
Traveled to the various locations to review the financial information and review internal controls.
Responsible for overseeing all of the activity related to the discontinued operations which included subleasing facilities, review of financial information being released to potential buyers, and preparation and review of legal documents related to same.
Directly and indirectly supervised 20 employees.

Corporate Controller

Technology Service Group

March 1985September 1998 (13 years 7 months)

Additional experience includes reporting the monthly financial information to the Board of Directors, senior management, and financial institutions.
Directed all activity related to payroll, accounts receivable/payable, and quarterly and year-end audit activity.
Developed and implemented tracking system for Employee Stock Purchase Plan in addition to administering the 401K Plan.
Assisted CFO with successful completion of $9.0M IPO.
Responsible for SEC Reporting through Edgar.

Accountant

Zales Corporation

Public Company; 10,001+ employees; ZLC; Retail industry

July 1983March 1985 (1 year 9 months)

Recorded and reviewed monthly foreign financial statements and converted all statements to US dollars.
Developed Lotus schedules to eliminate wasted time with recording of the monthly foreign packages.
Conducted various quarterly variance analyses, provided assistance in the preparation for the annual financial reports and supervised accounting personnel.

Corporate Accountant

Trinity Industries, Inc

Public Company; 10,001+ employees; TRN; Transportation/Trucking/Railroad industry

January 1980July 1983 (3 years 7 months)

Coordinated and planned monthly closings and year-end audits.
Implemented a general ledger system and assisted with acquisitions and sales of manufacturing locations.
Responsible for costing and allocation of costs to other divisions from foreign sources and for preparation of all monthly financial statements.
Responsible for control of railcar inventory in excess of $10.0M.
Promoted to corporate accounting manager after 9 months.

David Acocello's Skills & Expertise

  1. Financial Reporting
  2. Accounting
  3. GAAP
  4. Consolidation
  5. US GAAP
  6. Fixed Assets
  7. Forecasting
  8. Financial Analysis
  9. Cost Accounting

David Acocello's Education

Saint Bonaventure University

Bachelor of Business Administration, Accounting

19771980

Alfred State College - SUNY College of Technology

Associate of Applied Science, Accounting

19741977

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