Summary of Experience
A highly motivated, results-oriented financial executive, with a history of steady career progression in traditional accounting and financial activities. 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. Valuable team player, and 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
Short Term Contract/Consulting Assignments: 2008 - Present
Greenview Group, Lincolnshire, Illinois (New Home Construction and Remodeling)
Interim Controller monthly closings; cash forecasts; financial analysis.
Northwestern Tool & Die, Vernon Hills, Illinois (Precision injection mold manufacturer)
Generated required analysis, adjustments, and financial statements for 2008.
PEPSICO., Chicago, Illinois (Multinational beverage and food manufacturer and distributor)
Assisted in the Supply Chain Finance SAP conversion and implementation for two plants.
RECON/OPTICAL, INC., Barrington, Illinois 1985 - 2008
Historical dominant manufacturer of aerial reconnaissance cameras; and global leader of stabilized remotely-operated weapon systems.
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 at quarterly meetings. 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).
Liaison for Parent Corporation's Research and Development IRS Tax Credit Audit, where over $6M was accepted by the IRS for a three year period, and almost all generated by the Recon/Optical, Inc. subsidiary.
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 the clean-up of old In-transit Inventory, 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.
Supported a Power Outage Claim (half a day loss of work) with the Utility Company, generating a $50K settlement.
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 with the Government, 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 / 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 1979 - 1984
Multinational food and consumer products manufacturer and distributor.
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 |
