Resume

1. Edward W. Stewart, CPA, MBA
10214 Southmoor Drive, Silver Spring, MD 20901
(240) 344-1349
edwardstewart@verizon.net
CPA and MBA with over 20 years’ experience in financial analysis, costing systems, accounting
and operational auditing within multi-million dollar corporate divisions and private companies. I
am proficient in SAP and GP Dynamics accounting platforms; a strong leader and team player
with excellent communication and report writing skills to facilitate managements’ understanding
of the financial impact of operational decisions.
EMPLOYMENT:
Atlantic Recycling Group, Rockville, MD May 12 – Present
Controller/CFO
• Lead a department of six staff to align the companies back office functions with the
informational needs of line managers and executive management while improving efficiencies.
• Develop and lead effort to streamline the accounting department to include:
o Improved intercompany billing procedure, from one invoice per load to one invoice per
week, which reduced processing time enough to allow for a headcount reduction of one
employee.
o Consolidated 12 companies into one in Great Plains, to streamline accounting function
and improve reporting and analysis. This also consolidated payrolls run, from six to two.
o Moved from weekly to bi-weekly payroll, advocated to have IT develop an integration
tool for time records from our time keeping system (Time in a Box) to our accounting
system (Great Plains). This along with the consolidation of companies in Great Plains
resulted in savings of $80K per year.
o Reduce the chart of accounts from over 4,000 accounts to less than 2,300 a 43%
reduction.
o Reduced vendors by eliminating outdated records from over 9,000 to under 6,000 a
35% reduction.
o Reduced customer records from approximately 1,200 to just over 800 a 31% reduction.
• Lead the financial analysis and the negotiations of moving from a Line of Credit to an Asset
Based Credit Facility. Lead the accounting/treasury transition due to changing to ABL facility.
• Negotiate financing for capital purchases valued at over $2M/year.
• Improved inventory accuracy through analysis of purchases and streamlining reporting
procedures.
• Completed Treasury Review with primary and secondary banks, saving $10K/year through
account and bank services elimination.
• Instituted the detailed tracking of Gross Margin to allow for better analysis of margin by product,
increasing Gross Margin.
• Successfully transitioned the company from a yearly financial review to a yearly audit.
• Co-led the effort to move 401K plan from a poor performing provider/platform to a high
performing plan, reducing plan cost for both; participants and the company, serve as 401K
Trustee.
• Redesigned financial statements to better focus on key cost drivers and managements
understanding of those cost drivers.
Rinker Materials/CEMEX, Frederick, MD Aug. 04 – Apr. 12
Business Analyst/Senior Financial Analyst
• Acted as regional controller developing “bottom-up” budgets for operating locations with over
$30M in revenue, that linked to the business unit’s strategic plan and elevated performance.
Managed a $750K capital budget to ensure all requests met company policy.
• Developed operational improvement plans to increase efficiency and cost effectiveness.
Collaborated with managers to understand the production process and identify specific cost
saving initiatives. Reduced cost and non-value added activities through critical analysis of
current practices, achieved over $300K of savings annually. Provided business decision support
to line managers on the financial impact of operational decisions.

2. • Ensured data integrity of all financial records, including a standard costing system, through
internal reviews of financial controls and training staff. Used variance and root cause analysis to
identify, develop and complete ad-hoc analysis.
• Lead the regional effort to ensure accuracy of information input into SAP accounting system by
conducting self-audits. Ensured corporate guidelines and legal requirements were met for
administrative functions and financial reporting through self-audits, monthly variance analysis
and developing improvement plans where deficiencies exist.
• Developed monthly sales and earnings forecasts through trend analysis and an understanding
of the current business environment.
• Prepared financial statements using trend and variance analysis to provide management with
insight to operational effectiveness. Tracked critical expenses to understand and report
variances to the operating group.
• Completed special projects as needed including in-sourcing vs. outsource analysis which led to
increased yearly EBIT of $50K.
• Increased accuracy of standard costing system through variance analysis and understanding of
master data flow through SAP.
• Reduced inventory variances through root cause analysis.
CSX Corp., Jacksonville, FL Jul. 99 – Mar. 04
Manager, Financial Analysis & Budgets Feb. 02 – Mar. 04
• Developed annual operating budget for 46 locations totaling over $250M.
• Completed quarterly revenue and profit forecasts.
• Produced and implemented capital expenditures budget.
• Created monthly reports for financial and production trend analysis.
• Designed spreadsheets to facilitate internal and external reporting.
Staff/Senior Auditor Jul. 99 – Jan. 02
• Performed operational and contract reviews to identify revenue and cost savings opportunities,
identified over $8M in revenue and savings.
• Worked on a team that designed and built a cost-sharing model to make monthly billing process
more efficient and accurate. Took the billing cycle from 45 to 15 days while increasing accuracy
from 65 to 95 percent.
• Reported audit findings and corrective actions to be taken to both clients and senior
management.
• Prepared procedure narratives for Sarbanes-Oxley testing.
• Conducted interviews with clients to develop audit scope and program.
• Designed and implemented control procedures to increase accuracy of internal and external
reporting.
IKO Production Inc., Wilmington, DE
Accountant Jun. 95 - Jan. 98
• Staff accountant for asphalt shingle manufacturer.
Ball & Buckley, CPAs, Woodbury, NJ
Accountant/Auditor Oct. 93 – May 95
• Audited various Municipalities and Government entities.
EDUCATION:
Master of Business Administration, University of Delaware
Graduate Assistant for MBA Programs Office Graduated: Magna cum Laude
Bachelor of Science in Business Administration, Rider University
Major: Accounting Graduated: Magna cum Laude
CPA, State of New Jersey, February 1996, License #20CC02430000
ACCOUNTING PLATFORMS:
• Skilled user of SAP, Microsoft Dynamics GP 2013 and Management Reporter