Licensed CPA & CA, 7 years Big 4 experience, Controller, VP Finance and CFO in SEC registrants and private companies to $3 billion. Industries including: transportation, marketing and communications, telecom, retail, mining, manufacturing and wholesale distribution. M&A, restructuring and turnarounds. |
VICE PRESIDENT OF FINANCE / CHIEF ACCOUNTING OFFICER
Distinguished career in the planning, implementation and management of financial strategies and controls to support the operation of organizations. Expertise in identifying and rectifying operational deficiencies and tightening cost controls. Elevate firm productivity, accountability and efficiency with exceptional leadership, financial management and process improvement expertise. Utilize mentoring skills to improve employee effectiveness and promote professional development. Devise and implement highly effective tax strategies. Strengthen internal controls, improve financial reporting and increase transparency. Apply technology to elevate efficiency and accuracy. Big 4 experience as a Manager. Areas of expertise:
Leadership Accounting Policy Strategic Planning Financial Analysis Mergers & Acquisitions Tax Strategy Multi-Location Operations Technology Financial and SEC Reporting Treasury Restructuring Sarbanes-Oxley Compliance Board of Director Presentations Negotiations Due Diligence Team Building Communications Process Improvement Project Management
PROFESSIONAL EXPERIENCE
2005-2008 International air cargo provider with annual revenues in excess of $1.5B.
Vice President: As Chief Accounting Officer lead a team of 95 personnel engaged in controlling company finances, supervising 6 direct reports. Manage all facets of corporate accounting. Oversee comprehensive financial reporting. Coordinate Securities and Exchange Commission (SEC) filings and other regulatory filings. Conduct tax structure analyses and develop and implement corporate tax strategy, including settling IRS claims. Ensure compliance, including Sarbanes-Oxley. Handle revenue, credit and collections, payroll, accounts payable and operational accounting. Forge vendor alliances to provide administrative services as appropriate. Provide business support, including accurate, timely financial information to inform sound corporate decision-making.
Strengthened internal controls and inventory management which enabled timely filing of SEC quarterly and annual reports as well as NASDAQ exchange listing in less than 1 year. Implemented effective accounting policies, resolved technical accounting issues and achieved Sarbanes-Oxley compliance within 18 months. Played key role in closing a $170M joint venture with DHL by providing tax structuring and transaction accounting analysis including aircraft lease accounting and consolidation of variable interest entities. Settled more than $200M in IRS income tax claims without incurring cash costs. Implemented effective tax strategies to eliminate $96M in cash income taxes and increase 2007 net income by $31M. Implemented accounting for international fuel hedge strategies.
2003-2005 Multi-billion dollar, 20K-employee transportation and engineering construction company that provides commuter and intercity passenger rail service nationwide.
Corporate Controller: Served via Board of Directors appointment, managing 200 corporate financial professionals and a $24M budget. Performed comprehensive controllership functions. Member of pension plan and 401(k) committees. Mentored and coached members of the finance team, providing training and career development opportunities. Implemented new technology to streamline routine tasks and improve workflow and processes. Evaluated financial reporting and developed and implemented a strategy to improve efficiency and effectiveness.
Systematically eliminated 38 material weaknesses and deficiencies in internal controls. Facilitated upgrade in S&P credit rating by improving financial reporting and transparency. Developed finance personnel skills and improved processes and work rationalization to elevate quality while simultaneously decreasing required staffing levels. Supported a business segment divestiture through in depth accounting analysis.
MHI COMMUNICATIONS, Washington, DC 2001-2003 Advertising and marketing communications company serving Fortune 500 clients, including Microsoft and HP-Compaq.
Chief Financial Officer and Corporate Secretary: Directed financial operations, including treasury and accounting. Created financial policies and procedures and developed tax strategy. Oversaw financial systems. Forged strong ties with venture capitalists and bankers to increase companys financial strength. Served as financial advisor to the Board of Directors and reported directly to the Chief Executive Officer.
Reduced outstanding receivables more than 60% within 8 months by implementing effective credit and collections policies. Slashed credit losses from 5% of sales to less than 0.5% by establishing more stringent collection procedures to reduce delinquent accounts. Created a tax strategy to generate $2M in federal and state income tax refunds.
1999-2001 Publicly traded international wireless communications company with annual revenues of $150M.
Vice President of Finance: Analyzed financial data and created reports, including SEC filings, consolidation of financial and operational data and internal reporting. Played a key role in conducting due diligence and analysis of private and public acquisition targets. Managed debt and equity issues. Participated in investor conference calls. Updated the senior management team, Audit Committee and Board of Directors on financial results. Oversaw a shared service center to ensure accurate processing of $700M in capital and operating expenditures. Managed $500M in assets.
Resolved outstanding issues to enable completion of a $500M captive lease project. Played integral role in raising $200M in equity funding. Supported creation of a complex international legal entity structure by implementing Hyperion software.
1998-1999 Publicly traded multi-billion dollar North American construction materials company.
Assistant Corporate Controller: Managed SEC filings, internal management reports and financial analysis. Prepared annual budgets and created forecasts. Directed financial administration and reporting to international majority shareholder. Implemented Hyperion software at corporate and business unit offices. Streamlined reporting procedures and improved accuracy.
1990-1998 High-growth $2 billion NYSE-listed international fertilizer and chemical company.
Director of Finance and Administration, Denver, Colorado 19971998 Senior financial manager of Agrium Incs $1 billion North American Wholesale business unit engaged in mining, manufacturing, and wholesale distribution of fertilizer and chemical products from multiple locations in North America. Directed accounting, budgeting, planning, information technology, and trade credit. Member of management team responsible for strategic, operational, and investment decisions.
Led development of 5-year strategic plan, resulting in improved focus on growth targets. Served as lead negotiator with provincial government, achieving annual $50 million potash industry tax reduction. Directed development and implementation of comprehensive value-based model to improve financial, investment, and operational decisions, improve cash flows, and increase shareholder value with a 5-fold increase in the stock price. Corporate Controller, Calgary, AB 1993 - 1997 Responsible for financial analysis and planning, all Agrium Inc. corporate accounting and public reporting, and business support teams. Participated in investment management functions and investor conference calls with major Wall Street investment firms. Key member of management team responsible for acquisitions, mergers, share issues, $475 million in public and private debt issues, and $400 million in debt repurchases. Completed initial listing on New York Stock Exchange and SEC and Ontario Securities Commission filings and reporting. Implemented SAP system to support multi-location, international organization. Established intercompany transfer pricing policies to promote product sales between manufacturing and retail subsidiaries and to meet cross-border taxation requirements. Reorganized finance group to support 3-year period of diversification and growth where revenues increased from $300 million to $2 billion and profits expanded 10-fold.
Controller, Cominco Limited, Polaris Mining Joint Venture NWT, 1990 1993 (Cominco Limited was the former parent company of Agrium Inc.) 1989 - 1990
Big 4, Manager, 1982 1989
EDUCATION
Bachelors Degree in Commerce Accounting & Information Systems University of British Columbia, Vancouver, Canada
PROFESSIONAL TRAINING
Richard Ivey School of Business, University of Western Ontario: Executive Management Program
CERTIFICATIONS
Certified Public Accountant Chartered Accountant |