sflund@yahoo.com
SUMMARY
Progressive Financial Management experience at both corporate and division levels. Recognized background in accounting, financial reporting and operations with specific management strengths in ERP system implementations, process control improvements, inventory accounting, SEC and EVA reporting.
PROFESSIONAL EXPERIENCE
THE JOHNSSON GROUP, 2001-Present (Financial & Accounting Consultants)
Consultant
Projects I have participated in have included:
Financial reporting / general ledger system conversion review project for a $40M manufacturing business. Project outcomes included the identification of $500K of financial reporting opportunities and recommendations to improve the ongoing accuracy of their accounting process.
Financial planning project for a $600M manufacturing business. Project outcomes included the creation of an analysis that analyzed the effect of economic events and business initiatives on production costs. The identification of these costs enabled my client to make modifications to planned initiatives that resulted in a savings of $2.3M.
W.W. Grainger, Inc., 1980-2001
MATERIAL LOGIC CORPORATION, 2000-2001 (e-Business start-up of W.W. Grainger)
Controller
Charged with creating a privately held corporation from four W.W. Grainger subsidiaries.
· Combined the accounting operations of four business units into one $200M business, using a common ERP system.
· Led a cross-functional team that selected and implemented a new, more efficient payroll and human data system with a resulting cost savings of $60K per year.
· Developed a cash management system, which permitted the company to accurately estimate its financing needs.
· Participated in the selection of an external auditing firm.
GRAINGER CUSTOM SOLUTIONS, 1998-2000 (Start-up business unit of W.W. Grainger)
Controller
Full responsibility for the design and operation of all accounting and financial functions, including participation with cross-functional teams in recommending, designing, implementing, and testing ERP system enhancements.
· Designed and managed a billing process to efficiently accommodate $400 million annual sales. Also, implemented alternative methods of billing to meet the needs of larger customers with sophisticated purchasing systems.
· Utilized business data warehouse and existing reporting to meet Company's tax reporting requirements, which saved significant time and cost ($75K).
Special Project Consultant
Financial lead on a project that implemented SAP, using ASAP methodology.
· Participated with team members from other business units (sales, supplier development, and warehouse management) in designing the configuration of their SAP modules.
GRAINGER INDUSTRIAL SUPPLY, 1995-1998
($700+ million inventory consisting of over 80,000 different SKU's in over 300 locations).
Cost Accounting Manager
Aside from all accounting responsibilities monitored product pricing (on a daily basis) for transactions with unusual gross margins, and analyzed gross margin variances resulting from business events and changes in product mix, selling price mix, and supplier prices.
· Led team that reduced branch expenses associated with inventory cycle counting by $1.3M and helped determine the root causes of inventory shortages.
· Improved the accounting and reporting of transportation costs, thereby enabling more effective management that resulted in a 1.0 percentage point savings as a percent of sales.
· Enabled Management to increase inventory turns by 15% by reducing on-hand inventory by improving purchasing procedures.
GRAINGER CORPORATE, 1989-1995
Accounting Operations Manager
Responsible for all external accounting and financial reporting requirements, including SEC 10K and 10Q reports; GAAP and new pronouncement interpretation, implementation, and consolidations.
· Developed Company procedures for economic value added reporting.
· Automated primary internal reporting package used by both Senior Management and the Board of Directors, significantly improving timeliness and accuracy.
GRAINGER DISTRIBUTION GROUP, 1983-1989
Accounting Manager
Responsible for managing the Accounting Department of Grainger's largest business unit. Supervised a staff of 15.
· Improved the accuracy of internal management reporting by leading the development of a "front-end" system, which ensured that all accounting systems (A/R, Cost, Sales Tax and Commissions) used the same sales data.
· Led the Finance Department effort in the design and implementation of a new sales commissions system that improved the timeliness and accuracy of payments.
Senior Accountant
Responsible for financial reporting, account analysis, and reconciliations.
GRAINGER CORPORATE, 1981-1983
Staff Accountant
ELECTRIC SUPPLY CORPORATION (Multi-state distributor) 1976 - 1980
Controller
PEAT, MARWICK, & MITCHELL 1974 - 1976
Auditor
EDUCATION
MBA, Lake Forest Graduate School of Management, 1999
B.S. in Accounting, University of Illinois, 1974
CPA - Illinois |
