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Gary
US-New Jersey-Central
Controller
full time controller/CFO
GARY M. CANONICO
46 Cory Drive Toms River, NJ 08755
gary.m.canonico@verizon.net 732-240-1429 (H) 732-779-0424 (C)
CHIEF FINANCIAL OFFICER / CONTROLLER
Track record of reversing downtrends and restructuring organizations to drive profitability.
Highly accomplished Senior Finance Executive with excellence producing dramatic turnarounds for failing organizations by restructuring processes, devising and implementing state-of-the art systems, reducing operational and labor costs, and associated functions. Builds thriving organizations from the ground up, managing operations, finance, accounting, recruitment, training, and associated management and business development functions.
Startups / Turnarounds
General Ledger
Audits & Investigations
Staffing & Recruitment Financial Analysis / Statements
Budget Planning & Forecasting
Inventory & Loss Prevention Control
Reorganizations & Restructurings Profit and Loss Management
Cost / Expense Control
Accounts Payable & Receivables
Training & Development
PROFESSIONAL EXPERIENCE
ELEPHANT GROUP INC. South Plainfield, NJ 2000-Present
Large-scale marketing firm with numerous Fortune 500 and Fortune 100 clients, including Direct TV, Comcast, Blockbuster Video, Verizon, AT&T, Motorola, ADT, HBO, Cingular Wireless, and Showtime.
Director of Financial Reporting (2006-Present)
Controller / Consultant (2000-2006)
Direct finance, accounting, and internal controls. Preside over 2 senior accountant direct reports.
Grew company at early stage by setting up and directing accounting functions and controls; established framework to enable continued receipt of Certified Financial Reports.
Instrumental in installation of General Electric Retail System (GERS) to streamline operations.
FIRST JERSEY MORTGAGE SERVICES Toms River, NJ 2002-2006
Privately-held, startup mortgage lending company.
Branch Owner/Manager & CFO
Directed 9-member team in the administration of home equity, HELOC, refinance, mortgage, debt consolidation, and other loan options. Administered $50M loan volume. Ensured compliance with all state laws and regulations.
Grew and managed business, operations, and profits while simultaneously providing financial services and consulting for Elephant Group, Inc.
Developed and implemented systems to manage all aspects of operation.
Recruited, trained, and managed employees in all aspects of the business.
RITMO LATINO INC. Neptune, NJ 1996-2000
Second-largest record chain in the U.S., with stores in New York, New Jersey, California, and Illinois, and annual sales in excess of $35M.
CFO
Managed all finance and accounting functions. Responsible for oversight of operational functions including buyers, warehouse team, shipping and receiving, inventory, cash flow, and associated functions.
Returned the company to substantial profitability after 2year record of financial losses.
Set up effective payroll scheduling system to analyze sales volume-to-staff ratios, enabling a $320K company-wide annual payroll reduction.
REYNOLDS BROTHERS INC. Lakewood, NJ 1991-1996
Retail clothing chain operating 27 stores throughout New Jersey, Delaware, and Maryland, with sales in excess of $30M.
Controller
Managed accounting functions and 14-member team, incorporating annual budgets, financial and sales statements, reports, and audits, data processing (STS) and merchandising system, A/P, A/R, payroll, purchasing, inventory control, and related tasks.
Served in prior roles as CFO / Controller for Coast City Truck Sales & Leasing of Neptune, NJ, and Eagle Home Centers of Toms River, NJ, as well as Assistant Controller for Fluid Packaging Company of Lakewood, NJ
EDUCATION
Bachelor of Science in Accounting Stockton State College Pamona, NJ
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