The Ledger A Publication of the St. Louis Chapter stlouis.imanet.org August 2007 Board of Directors Meeting Date: Tuesday, August 14, 2007 Location: UHY St. Louis, MO 63127 Purpose: Officers’ finalizing next year agenda Times: 6:00 – 6:30 pm Pizza 6:30 – 7:30 pm Meeting Cost: N/A RSVP: For food preparation purposes Phone – 314-406-2339 Ron Elfrink Email – rlecpa@prodigy.net August 14, 2007 Board Meeting Mark Your Location –UHY Advisors Calendar Pizza – 6:00 pm Meeting Time – 6:30 pm September 11, 2007 Technical Meeting According to our recent survey, YOU –the St. Louis chapter membership - decided the 3rd most important member benefit is Job Opportunities. In an effort to embrace & satisfy your request, we have forged strategic partnerships that will provide new job opportunities on a weekly basis specifically geared to IMA members like you! In addition to these, we strongly encourage YOU to share opportunities from within your own network or company. Opportunities will be updated each Friday. Check out our current positions recently posted: Sr. Cost Accountant $70K Cost Accountant $55K Accounting Supervisor - AP Supervisor $70K Plant Controller - Cost Accountant Don't allow an opportunity of a life time pass your by! Visit our website weekly! www.stlouis.imanet.org Best regards, Reid F. Sullivan Staffing Consultant / Recruiter Kelly Financial Resources (314) 317-5422 office (314) 229-6405 cell sullire@kellyservices.com www.kellyfinance.com "Change is the law of life, and those who look only to the past and present are certain to miss the future." John F. Kennedy Kelly Financial Resources (KFR) specializes in the placement of accounting and finance professionals on a project, contract-to-hire and direct hire basis. September 11, 2007 Technical Meeting >>>>-------- Fraud & Forensic Accounting September 12 to 14, 2007 Heartland Regional Conference Springfield, MO Details here Having trouble viewing this page? Click here to view it online. Topic: Forensic Accounting / Fraud Detection Speaker: Mr. Tom Noble –Assistant Special Agent in Charge – FBI – St. Louis Mr. Noble has a financial background and over 20 years of experience with the FBI, specializing in white collar crime. He will speak on the topic of Forensic Accounting / Fraud Detection and will relate his experience to the role of financial professionals in detecting and preventing fraud. Page 1 St. Louis Chapter President’s Message Dear fellow Chapter Members, Great, economical CPE is hard to find. As your IMA St. Louis Chapter President, I want to introduce you to a terrific opportunity for just that - great, economical CPE! On September 13 and 14, 2007, the Heartland Regional Council of the IMA will hold its 7th Annual Educational Conference in Springfield, Missouri. I have attended 4 of these conferences. The speakers and topics are FIRST CLASS. Don’t take my word for it. Judge for yourself. You can check out the conference by clicking here. The cost for 17 hours of CPE is $275 per person (if you sign up before 8/24/2007). In addition, the Heartland Council is extending Bronze Sponsor pricing to other IMA Chapters. This means, if we get 5 or more members from the St. Louis Chapter to attend, the price drops to $250 per person. Even with 2 days lodging and evening meals (continental breakfasts and lunches will be provided), your out-of-pocket cost should still be less that $500. This is only $29 per CPE hour! Compare that to MSCPA at $32 and Lorman Educational Services at $42 - neither of which include meals or lodging. THIS IS A FANTASTIC DEAL!!!! New this year will be the Conference “kick-off” dinner & speech on Friday September 12. The featured speaker will be the former Attorney General of the United States, John Ashcroft. Please join me in attending this conference. You may register online or by fax. Please remember to designate your membership as the St. Louis Chapter. Also, please let me know you are attending. We are getting a couple of carpools together. I look forward to hearing from you. Jeffrey B. Blume 7242 South Roland Blvd. St. Louis, MO 63121 (C) 314.650.3311 (P) 314.383.4029 (F) 866.433.1547 jbblume@msn.com ! Survey Results Are In Thanks to everyone who participated in the member survey. Your input is vital. We had about a 30% response rate. The board has already reviewed the results and started incorporating your desires into our 20072008 plan. Sincerely, Jeffrey B. West Blume Port Plaza got the highest location rating so we are looking for an affordable space in that area. President, Chapter You toldSt. us Louis the most important educational topics to you are: Personal Development; Budgeting/Planning; Financial Reporting; Cost Accounting; Impact of Technology; Performance Measures; and Business Ethics. We plan on covering most of these topics in our meetings next year. Volunteers Needed Make new friends while helping the St. Louis chapter succeed. Contact any board member to volunteer. We are having a contest to name our newsletter. The prize will be a free technical dinner meeting during the year. Please submit your suggestion to jalm1234@sbcglobal.net before October 15th, and put “newsletter contest” in the subject line. In the event that two people suggest the same winning name, the first submission Page 2 will win. Page 2 Employment To list a position with the Employment Referral Service, include your resume in the chapter database, or to inquire about a listing, contact Director RONALD L. ELFRINK 314-615-1306 rlecpa@prodigy.net We have the following open positions: ACCOUNTING SUPERVISOR Area professional services firm seeks an individual with a bachelor's degree in accounting to supervise General Accounting and Accounts Payable functions. Individual will be responsible for all functions of General Accounting including monthly closing, account reconciliations, financial statement preparation & analysis, as well as accounts payable. The selected candidate must have excellent verbal & written communication skills to effectively correspond with all levels of the organization as well as outside parties, be highly organized, able to supervise several direct reports and capable of functioning well in a fast paced environment. To apply, please send cover letter with salary history and resume to _rlecpa@prodigy.net_. Competitive salary and benefit package. --------------------------------------------------------------------------------------------------------------------------------------------------Two opportunities available! Here's what I'm looking for: Bachelor's - Accounting/Finance, MBA preferred Professional qualifications - CPA, CMA, CFA preferred. Finance/accounting experience/background Financial Statement analysis and interpretation (integrated knowledge - income statement, balance sheet, statement of cash flow) Budgeting/Reforecasting integrated financial statement - strategic financial modeling and benchmark/cost analysis Able to multi-task – fast thinker/quick learner and possesses the ability to manage multiple projects, and work independently and effectively under pressure to meet deadlines. Ability to think critically, analyze, prioritize, take initiative, and problem-solve. Technical skills - Accounting knowledge/concept, Excel-advanced level, Access-intermediate, Hyperion Planning (essbase), JDE Able to produce quality work and meet deadlines timely I f you know of anyone interested in this opportunity, please have them forward their resume ASAP. 314.996.2236 Direct Line Christine Hartwig Christine.Hartwig@amwater.com Page 3 Page 3 Nike is looking too! Take an idea. Make it a product. Get it into the pipeline. Share it with the world. Sounds simple, but, of course, the devil's in the details. At Nike's In-House Manufacturing and Distribution Divisions, we manage every detail, making sure great ideas become great products for athletes everywhere. What does this mean for you? In the best situations it means you'll push your colleagues to do their best work, and they'll turn around and do the same for you. And the details? Take a look and see for yourself. As our Senior Cost Accountant, you’ll be responsible for maintaining and continually improving the standard cost accounting system and inventory management system for Nike IHM’s Missouri and Oregon facilities. You’ll develop and manage Routing and Bills of Materials for all products, collaborating with Engineering, Finance, Manufacturing, Production Services and Purchasing. You’ll also participate in financial closing processes, providing cost and valuation data as required. You’ll analyze gross margin fluctuations; work to continuously improve and standardize the flow of industrial engineering information through the business functions that contribute data to the process; and coordinate any required changes with the IT function to troubleshoot as required and effect programming changes accurately and timely. You’ll interpret and report events and practices that have an impact on product cost operations and provide cost/benefit analysis to the business for any proposed changes to the manufacturing process to enhance quality, reduce product cost and to improve product or machine performance. You’ll assist in developing overhead rates by platform, department and/or work center and budgets and forecasts, perform cost rolls for standard updates and provide analysis of changes. You’ll also coordinate a formal Cycle Count Program. You’ll investigate significant physical variances to determine root causes and recommend specific courses of action to resolve problem areas. You’ll perform periodic obsolescence and other valuation reviews and support production LEAN initiatives and assist in quantifying improvements made in operations through kaizen events. You’ll apply consistent standards, policies, procedures, processes and metrics between facilities. You’ll also ensure conformity to Nike corporate policies as applicable. In addition, you’ll participate in formulating and implementing new methods, policies and programs to enhance cost and internal controls through industry research and benchmarking and the investigation of new operational technologies and techniques. Requirements for the position include: Bachelor's degree in Finance, Business, Manufacturing, Operations or a related field 2 years' additional experience in lieu of a degree 5+ years' experience in finance, cost or LEAN accounting, manufacturing, production and/or engineering Experience with an ERP manufacturing plant environment Knowledge of economic profit concepts, strategic planning and manufacturing Intermediate to advanced level of proficiency with Excel Advanced development and project management skills Understanding of the working methods, machinery and manufacturing used in source countries Strong verbal and written communication skills, including meeting facilitation and presentations CPA or CMA is preferred Access database and SAP ERP experience is a plus Plastics and/or process costing experience is preferred Interested yet? Good. Us too. We're pretty sure you'll want to know we offer one of the most generous benefits packages around. Things like a stock purchase plan, a 401(k) retirement plan, casual work environment, and a host of other perks we don't have room to mention here. Page 4 We're interested in learning more about you and appreciate you taking the time to contact Benjamin Prinzing, Nike Finance Recruiter at benjamin.prinzing@nike.com. Nike is committed to employing a diverse workforce. EOE/M/F/H/V ------------------------------------------------------------------------------------------------------- Plant Controller Large International Corporation is seeking an individual that will oversee accounting functions for its $190 million division. Location is east central Illinois - near Champaign-Urbana. The position requires: · A four-year degree in Accounting or Finance. · 5-10 years of experience in manufacturing accounting specifically with cost accounting principles. · Experience with accounts payable/receivable, payroll processing, month ending reports, forecasting etc. · SAP experience helpful bur not mandatory. The position will have a small amount of international travel. Base pay is around $75K DOE along with strong Bonus program. Excellent benefit and relocation package included with offer. Will have opportunities for advancement. Interested candidates should email their resume to: Julie Blodgett Executive Recruiter TDM & Associates 501932-1541 julieb@tdm-assoc.com Kelly Financial Resources has two clients seeking Senior Cost Accountants as well as other jobs. Senior Cost Accountant $60,000-70,000 base salary Each company requires a B.S. in Accounting, working knowledge of cost, automated cost development, variance analysis and budget preparation/analysis. 5-7 years of overall accounting experience with 3-4 years of solid cost accounting in a manufacturing environment. Cost Accountant (St. Charles County) $50,000-55,000 base salary A well respected international manufacturing company is seeking a cost accountant with a B.S. in Accounting & a minimum of 3 years job costing experience in a manufacturing plant. Familiarity with Lean Accounting & Fix Assets is preferred. A/P Manager $60,000-70,000 base salary An international manufacturing company, has an opening for an A/P Manager. This position will be responsible for all corporate accounts payable functions. The ideal candidate will have 3-5 years of A/P management experience with knowledge of SOX compliance and internal controls. A BACHELORS DEGREE IN ACCOUNTING OR FINANCE IS REQUIRED. Please contact Reid Sullivan, Kelly Financial Resources (314) 317-5422 or email Reid @ sullire@kellyservices.com Page 5 Page 6