MICHAEL STONE

305 Stevens Road ▪ Scottsdale, AZ 85034

480-222-2435 ▪ michaelstone@aol.com

CONTROLLER / FOOD SERVICE INDUSTRY

Process Enhancements     Accounting Operations    Relationship Management

General Accounting Administration     Internal Controls & Auditing  Accounts Receivable & Payable         Budgeting & Financial Forecasting Financial Statements & Analysis        Policy & Procedure Development

VALUE PROPOSITION

• Build strong leadership presence, aligning efforts and facilitating change to contribute to organization’s strategic vision, including during major business challenges to reverse downward trends.
• Skilled in general ledger, budget / cash flow management, and issue management; proven ability to uncover accounting discrepancies and develop solutions to resolve issues.
• Vast experience within the food-service industry to understand the flow and interconnectedness of key functions in fast-paced, combined union / non-union environment.
• Known for strong training capabilities to convey new concepts / procedures to new hires.

PROFESSIONAL EXPERIENCE

REGIONAL CONTROLLER – TSR Hotels, LLC, 2005 – Present

Drive all aspects of regional accounting operations and manage cash flow to bring financial stability to distressed business. Focus efforts on maintaining balance sheet and general ledger and preparing P&L statements for lending institution and corporate. Manage accounts receivable and accounts payable. Utilize ADP for HR and payroll.

Key accomplishments / priorities:

• Closely monitor efforts to return company to profitability through new business venture, providing the opportunity to generate strong revenue growth.
• Forge positive relationships with vendors, in addition to heavy relationship management with bank executives at several banks.
• Oversee financial reporting for five hotels and manage cash / reconciliation for 12 bank accounts.
• Serve as financial point person and acting GM for additional facility after being seized by bank; also functioned as interim general manger for facility as necessary.

CONTROLLER, ARM, Scottsdale, AZ, 1998 – 2005

Promoted to lead accounting operations for $8 million catering service at leading convention center. Led four-person team charged with accounts receivable, accounts payable, and payroll. Managed dual reporting responsibility, including to the city. Prepared annual forecast and commission statements. Responded to needs of city and independent KPMG auditors; continually passed audits with zero compliance issues. Oversaw budgeting and forecasting of autoshow generating $2.8 million in a week.

Key accomplishments / priorities:

• Ranked among top performers countrywide in reporting, collections, and variances.
• Played instrumental role in upgrading and customizing accounting system.
• Successfully managed payroll for over 600 employees (permanent, contracted laborers, and temporary) and ensured the accurate / timely processing of over $2 million in invoices annually.
• Implemented new procedures to bring structure and tighten controls.
• Conducted regional-vice-president audits in multiple states and trained new accounting hires.

SALES REPRESENTATIVE, FSC, Phoenix, AZ, 1991 – 1997

Performed heavy cold calling and developed assigned territory. Called on potential customers and maintained relationships with existing customers to promote over 13,000-item product portfolio comprised of company / national brands. Set credit terms with credit department. Oversaw account collections.

Key accomplishments / priorities:

• Spurred annual sales increase of $1.6 million during tenure to generate total of $1.9 million annually at a 25% margin; also doubled number of accounts and maximized penetration, retention, and margin.
• Marketed publicly-recognized national food-service brands, such as Frito Lay and Tropicana
• Requested demonstrations by brokers / manufacturers to effectively promote products to new customers and gain competitive advantage; earned well-regarded reputation with brokerS.

Additional Experience

GENERAL MANAGER, AAOS, New York, NY

Promoted to General Manager after successfully serving in multiple Concession Manager positions at various well-known convention centers and outside venues.

Assumed leadership role accountable for communicating goals / expectations and training team of 13 managers / supervisors to drive profits for multi-faceted, food-service operations; comprised of three concession stands, portables, VIP Club, and catering.  Cost-effectively administered $2.9 million seasonal budget.

• Charged with daily-labor analysis, purveyor-account development, and calculated percentages / yields while functioning as Concessions / Purchasing Manager.
• Focused on catering operations, delivery of quality food, sales, vendor negotiations, schedule creation, and labor / liquor analysis. Solidified catering events for well-known musicians such as The Beach Boys.
• Maintained well-run deli operation through efficient staff and inventory management, quality control, regulatory compliance, and customer service.
• Managed two concessions stands while Concessions Manager Trainer.
• Began career gaining experience in accounts payable / receivable, payroll preparation, and generating daily / monthly sales reports while serving as Office Manager.

EDUCATION / CREDENTIALS

Bachelor of Arts in Accounting, Arizona State University, Tempe, AZ

Associate of Science in Food Service Management, Scottsdale Culinary School, Scottsdale, AZ

Professional Development / Certifications: Accounting Controls Training Program--Regional Training Program-SYSCOiApplied Sanitation and Safety-National Institute for the Food Service Industry

Computer Skills:  Microsoft Office, ADP, ACCPAC

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