CFO at The Louver Shop
- Greater Atlanta Area
- Building Materials
David Acocello's Overview
- CFO at The Louver Shop
- 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
David Acocello's Experience
Privately Held; 51-200 employees; Consumer Goods industry
May 2011 – Present (3 years 5 months)
VP of Finance - Commnet Supply, LLC
Public Company; 501-1000 employees; Telecommunications industry
May 2001 – October 2010 (9 years 6 months)
VP of Finance/Controller
Public Company; 11-50 employees; Telecommunications industry
May 2001 – October 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
Public Company; 501-1000 employees; Insurance industry
September 1998 – May 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.
Technology Service Group
March 1985 – September 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.
Public Company; 10,001+ employees; ZLC; Retail industry
July 1983 – March 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.
Public Company; 10,001+ employees; TRN; Transportation/Trucking/Railroad industry
January 1980 – July 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
- Financial Reporting
- US GAAP
- Fixed Assets
- Financial Analysis
- Cost Accounting
David Acocello's Education
David Acocello's Additional Information
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