Joseph R.

Koletty, CPA
2352 Greensward South ~ Warrington, PA 18976
Home (215) 343-7978 ~ Cell (267) 718-8824 ~ jke0ed06@westpost.net
Qualifications Profile
Seasoned Financial Executive with solid and progressive experience in
all facets of accounting and financial management. Highly skilled in
collaborating with all members of the organization to achieve business
and financial objectives. Adept in streamlining financial processes,
enhancing productivity levels, introducing process improvements, and
implementing technology solutions. Additional core competencies
include:
Financial Reporting & Controllership Financial Management & Accounting
Budget Management & Forecast Analysis Operational Analysis of Key Cost
Drivers
Cash Flow Management Capital Budgeting for Production Facilities

International Cash Management Cost Containment Improvements

Career Highlights
* Established multiple financial reporting systems that were
contoured for management teams and specialized industries.
* Prepared detail analysis of variances from budget.
* Reduced budget costs by 10% during the first year of tenure at
multiple corporations.
* Spearheaded negotiations on all bank, finance, external auditors,
and insurance relationships.
* Managed Overseas operations & agencies in Mexico and China.
Professional Background
Keating Fibre International, Inc. / Keating Fibre, Inc. - Ambler, PA
(1999 - 2010)
Chief Financial Officer
Provided executive leadership and direction to financial stewardship,
financial management, budget management, and operations management
initiatives. Developed accurate and reliable financial reports that
aided in business decision-making processes. Reported the financial
status of the corporation to the CEO and Shareholders. Reduced all
inventory levels to JIT levels.
Key Achievements:
* Managed Mexican agency for distribution of brown paper rolls for
box industry.
* Successfully defended exclusivity contract with Weyerhaeuser and
secured $3.75 M award.
* Maintained full responsibility for securing a China joint venture
contract with a paper mill in Rizhao, China.
* Implemented documentation procedures for recycled paper shipments
to China.
 * Streamlined the paper converting operation and turned breakeven
into $500K profit.
Sold converting trim as recycled papers to turn waste costs into
profit producer.
* Championed efforts to secure credit financing on all foreign
receivables and lowered bad debt to less than .5% historically for
10 years.
* Managed efforts to secure $5M LOC with an export-import bank for
foreign business.
American Sweeteners, Inc. - Frazer, PA (1995 - 1999)
Vice President of Finance
Directed financial management, treasury management, and financial
reporting initiatives. Executed all aspects of bank reporting. Reduced
inventory to JIT levels.
Key Achievements:

* Utilized financial expertise to reduce corporate debt from $10.5M

to $3.6M.
* Led efforts to collect difficult outstanding receivables in excess
of $650K.
* Streamlined accounting systems, enhanced productivity, reduced
risk exposure levels, and improved internal controls.
* Re-engineered company truck distribution, which significantly
improved profitability.
* Collected processing wastewater and sold to contractor to reduce
BOD and SS costs.
M.L. Dessert Corporation / Michel's Bakery, Inc. - Philadelphia, PA
(1992 - 1995)
Corporate Controller
Directed all aspects of controllership, financial management,
accounting, and cash flow management. Established accounting
procedures that complied with GAAP standards. Spearheaded the
development of monthly, quarterly, and annual financial statements
that aided in business decision-making processes. Managed accounting
functions involving general ledger activity, accounts receivable,
accounts payable, payroll, and budget management. Performed budgeting,
taxation, financial analysis, financial statement preparation, and
consolidation activities.
Key Achievements:
* Served as a key member of the executive team charged with process
improvement and executive leadership.
* Successfully refinanced corporate debt for $3M.
* Pioneered the migration of the accounting system from a Unix
system to the IBM 400 mainframe.
* Restructured Health & Business insurance, which produced annual
savings of $200K.
* Filed an appeal with the City of Philadelphia, which reduced real
estate taxes by 10%.
Early Career:
Controller / Director of Internal Audit - Hansen Properties / Hansen
Savings Bank, Horsham, PA
Audit Senior - Laventhol & Horwath, Philadelphia, PA
Education & Credentials
Bachelor of Science in Accounting
LaSalle University, Philadelphia, PA; Graduated Cum Laude with General
University Honors
Credentials: Certified Public Accountant - State of Pennsylvania
Affiliations
World Trade Group - Greater Philadelphia Chapter
Technical Skills

MAS 90, MS Excel, MS Word, and MS Outlook

Joseph R. Koletty, CPA
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