Summary of Experience
A results-oriented financial executive, with an extensive background in the Aerospace and Defense Industry. Certified Public Accountant (CPA) and Certified Internal Auditor (CIA). Accomplished in planning and organizing departmental responsibilities to maximize cash flow and profit. Proficient at problem solving, and turning spreadsheet data into meaningful and useful business information. Proven success building effective work relations with auditors and government representatives. Driven to continuous improvements, with an extraordinary level of dedication.
Leadership and Management In:
Financial Planning: Operating Expense Budgets / Rates; Direct Labor / Material Base; Forecasting / Analysis
Cash Management: Daily Monitoring; Cash Flow Forecasting; Letters of Credit; Banking Relations
Cost Accounting/Analysis: Project Cost Reporting; Forecasting; Invoicing; Sales Commissions; Insurance Liability
Audits: Government Compliance (DCAA/DCMA/FAR/CAS); Financial / Operational Audits
Government Contracting: Progress Billings; Cost Plus Vouchers; Percent Complete Revenue; Average Labor Rates
General Accounting: Monthly Close; Accounts Receivable; Accounts Payable; Payroll; Capital Assets; Taxes
WORLEYPARSONS, INC., Bellaire, Texas (Engineering Services Firm) 2011 - 2013
Consultant: Assisted with Government Audits, as well as reporting, analysis & advising for the Infrastructure & Environment business unit.
" Liaison for the Defense Contract Audit Association (DCAA) Incurred Cost Proposal (ICP) Audits. Also established the Indirect cost detailed support and Pool assignment basis for the ICP Submissions.
" Designed monthly analysis and reporting to expeditiously identify anomalies, resolve issues, and help manage the new Infrastructure and Environment business unit. Installed budget/forecasting models.
BAE SYSTEMS, Sealy, Texas (Land & Armaments - Global Tactical Systems Manufacturer) 2010 - 2011
Controller: Responsible for the management and oversight of accounting functions including General Accounting, Accounts Receivable, Accounts Payable, and Payroll.
" Implemented a control environment that turned around an unsatisfactory audit opinion within 4 months. Included current account reconciliations, resolution of outstanding issues, and improved processes.
" Installed automated reports through use of a Database Inquiry Tool, expediting analysis & simplifying Hyperion validation.
" Improved cash flow forecasting by achieving Electronic Fund Transfers (EFT) for over 80% of vendors.
Short Term Contract/Consulting Assignments: 2008 - 2009
" Interim Controllership roles: Construction/remodeling firm; Injection mold manufacturer
" SAP Supply Chain System Conversion Two PepsiCo plants
RECON/OPTICAL, INC., Barrington, Illinois (Reconnaissance & Tactical Systems Manufacturer) 1985 - 2008
Vice President-Finance / Controller (2005 2008): Responsible for the management of all aspects of financial operations, the communication of financial operating results to the Parent Corporation, Board of Directors, and Management, and ensuring integrity of financial analysis, results and forecasts.
" Key financial advisor to the Board of Directors. Coordinated and presented financial results, plans, forecasts, and risks / opportunities at the quarterly Board of Director meetings.
" Increased fiscal cash flows by at least $2.5M per year by strategically coordinating early receipts of Progress Billings, and Milestone Advance Payments, negotiating payment terms, and Letters of Credit, and early communication of goals to internal and external customers.
" Supported achievement of a fiscal years profit objective (where the last month represented over 50% of the annual profit) by early coordination of opportunities to pursue, continual follow up, and teamwork.
" Identified and resolved $600K of invalid material liabilities, and related invalid progress billings.
" Established the required Disclosure Statement, describing company accounting practices, concurrent with receipt of a $50M government contract in accordance with Cost Accounting Standards (CAS's).
" Created and/or improved numerous performance measurement reports providing details for analysis, and higher level summaries for timely communication of results against plans, forecasts and prior periods.
" Installed a shared server to communicate forecast data and analysis; instrumental in providing timely analysis for managing the business.
Controller (2001 2005): Responsible for the management of daily financial operations, drafting the monthly communication of financial results, installing a company wide budgeting process, refining financial processes, and ensuring integrity of financial data.
" Implemented a company wide budgeting process. Created templates, provided historical information, conducted training, developed mechanisms for disseminating data, and established models to summarize and consolidate budgets.
" Reduced monthly closings by five days through a teamwork approach of improvements and refinements in processes and procedures.
" Accelerated the Revenue Recognition for Cost Plus projects, from a one month lag to a current basis, resulting in increased fiscal revenue of over $500K.
" Identified and resolved a Proposal discrepancy related to average labor rates, increasing the award by 21%.
" Coordinated an In-transit Inventory clean-up, reducing the balance by $600K (75%) in a six month period.
" Initiated a Real Estate Tax appeal, producing refunds of $150K over a three year period.
" Instituted monthly status reports with insightful comments for Accounts Receivable; Accounts Payable; Fixed Assets; Overhead Rates and Financial Overview of monthly results.
Director of Accounting Operations (1998-2001): Responsible for the installation, testing, and controls of a new ERP system, and managing daily financial activities to ensure integrity of financial information.
" Installed Epicore / Impresa ERP and Best ABRA Payroll/HR in the year 2000. Enhanced the development of the Time & Attendance system. Created numerous Crystals, (report writer), to manage financial data, and developed a shared server for Crystals and analysis, to promote timely response to inquiries.
" Brought direct labor reporting to a current basis (from past due by up to 6 months), and designed system to capture material cost based upon receipt, instead of payment. Permitted more timely and accurate labor and material analysis and financial data.
" Established WEB-based Invoicing improving cash receipt time from four weeks to less than five days.
" Designed and installed fully integrated budgeting and forecasting Overhead / G&A expense models, where rate impact can be immediately generated from various what-if scenarios.
Manager, General Accounting/ Supervisor, General Accounting/ Senior Financial Analyst (1985-1998): Installed McCormack & Dodge General Ledger; Developed the chart of accounts, cost center accumulation structure, and overhead rate structure with allocation of costs to final pools.
DART & KRAFT, INC., Northbrook, Illinois (Food & Consumer Products Manufacturer) 1979 - 1984
Operations Analyst / Senior Auditor / Auditor: Conducted and supervised financial/operational audits; implemented a new compliance audit staff, assisted in the acquisition of a new operating unit.
CERTIFICATIONS: Certified Public Accountant 1986
Certified Internal Auditor 1984
EDUCATION: BSBA Accounting 1979
The Ohio State University Columbus, Ohio |
