PROFESSIONAL EXPERIENCE
BANCTEC, INC. AUG 2000-PRESENT
(Owned by Welsh, Carson, Anderson and Stowe a private investment partnership)
VP - Finance - (Corporate Controller Aug 2001 - Present)
Responsibility for the corporate office General Ledger, Fixed Asset, Accounts Receivable, Credit and Collection, Accounts Payable, Payroll and SEC Consolidations staff of thirty and the US Solutions Division accounting and billing staff of twenty-four. Oversee and provide direction and support to the International Controller with responsibility for twelve international subsidiaries and VP-Controller of the Computer Network Services (CNS) business unit.
* Responsibility for external audits including taxing authorities, senior banking lenders and public accountants.
* Improved internal-controls with new worldwide policy and procedures in the areas of credit and collection, inter-company receivables and payables, A/R reserves, inventory reserves, profit sharing, loss contracts and capital or lease expenditures.
* While in Japan, managed the due diligence and disclosure schedule process resulting in the successful sale of the BancTec Japan subsidiary to JAFCO allowing for the pay down of public and private debt.
* Evaluated time and attendance systems from ADP, Plainview, etc. to automate and streamline data entry into the payroll system and enhance the tracking and reporting for approving managers.
* Worked with an outside software vendor to develop an Access tool to internally evaluate and search for potential duplicate A/P payments both before and after the check processing cycle.
* Identified and engaged a transportation management service resulting in at least a 5% freight savings, the outsourcing and data entry of the freight bills and a compliance check for express carriers, such as Fed Ex, Air Borne, etc.
* Negotiating with Print, Inc. to take over management of the print environment for a fixed cost-per-print resulting in a 20% savings or $365k over a five-year period. Proposal includes a scanning and archiving solution from ImageTag to further reduce critical data archive costs along with an email fax solution from Easylink.
VP - Finance - (Division level Aug 2000 - Jul 2001)
Directed the accounting function for the US Solutions Division, which includes hardware manufacturing, software development and support, hardware maintenance and supplies business units. In addition to Balance Sheet and P&L responsibility, managed the general accounting, cost accounting, project accounting, billing, and planning staff of twenty-four.
* Developed and implemented standardized procedures and schedules for a zero based budget process with the cost and profit center managers including a monthly re-forecast and review process.
* Improved controls with new departmental procedures in the areas of revenue recognition, project accounting and milestone billing for the solutions business unit.
* Developed reporting to track the progression of milestone billings, collection of those billings, customer acceptance of solutions and revenue recognition.
* Automated DSO calculations in SAP to track progress of A/R Collections.
* Modified SAP to track hardware maintenance contract renewal process and price increases.
CERTAINTEED CORPORATION 1999-JUNE 2000
(Formerly GS Roofing)
Controller
Led the corporate accounting function including the standard cost system for a $300MM manufacturing company with direct responsibilities for cash management, budgets, reporting, interface with auditors and banks.
* Core team member in the implementation of the financial and controlling modules (FI/CO) of SAP software system resulting in being year 2000 compliant and on one enterprise system.
* Assist the set-up and implementation of the MM and SD modules.
* Successfully prepare the final balance sheet and P&L for stockholders after company was sold to CertainTeed, resulting in stockholders receiving cash distribution.
* Coordinate and manage IRS audit with no assessment in additional taxes or fees.
* Direct and manage the successful transition of the corporate accounting functions and systems to new corporate office personnel in Valley Forge, PA.
* Enhance user skills in SAP through a variety of data requests, which resulted in an increase in customer service, efficiency and profitability.
* Responsibility for internal and external audits including taxing authorities, senior banking lenders and public accountants.
* Researched and prepared due diligence data for potential buyers of company.
Director of Accounting (1995-1999)
Directed the General Ledger, Fixed Asset, Accounts Receivable and Accounts Payable staff of 13 for corporate office. Total responsibility of cost accounting function for 5 manufacturing facilities and oversaw 7 other facilities with plant controllers.
* Interim CFO for 2 years while company searched for permanent candidate.
* Evaluated, selected and implemented a new travel policy and procedure, resulting in reduced data entry, improved reporting and quicker reimbursement to travelers.
* Established accounting procedures and requirements for acquisition of two companies.
* Developed and implemented standardized procedures and schedules for profit planning (budget) process at plants and corporate, which resulted in shorter budget cycle.
* Standardized cost accounting procedures, calculations and reporting of monthly variances to more effectively evaluate operating performance.
* Studied and mentored at Wesson & Co. to develop skills in Libor contracts and options.
Manager General Accounting (1987-1995)
Managed the general ledger and fixed asset functions, preparation of budgets, coordination of internal and external audits, financial reporting.
* Developed departmental procedures, classification manual and chart of accounts, resulting in standardization for manufacturing locations.
* Designed and automated manual tasks with Excel spreadsheets allowing a head count reduction.
* Developed and implemented new financial and operational reporting for senior and plant management.
* Implemented, organized and oversaw internal audit functions.
* Organized and prepared audit schedules resulting in cost savings in audit fees.
LITTON INDUSTRIES 1984-1987
(Formerly Core Laboratories)
Accounting / GL Systems Manager
Maintained and enhanced general ledger system, supervised data processing facility, accounting/information systems liaison and cash management staff of six.
* Enhanced and developed financial reporting for internal and external reporting requirements.
* Prepared annual and semi annual budgets.
* Developed and maintained overhead allocation systems, which resulted in equitable distribution of corporate overhead expenses.
* Oversaw sales commission, executive bonus and thrift and retirement plans.
COOPER INDUSTRIES, INC. 1978-1984
(Formerly Gardner-Denver)
Supervisor of Accounting
Managed the general ledger, fixed asset and accounts receivable functions. Prepared consolidated financial reporting package, staff of six.
* Developed departmental procedures, classification manual and chart of accounts.
* Core team member responsible for the implementation of the general ledger and fixed asset systems.
* Prepared cost center accountability reporting.
* Completed tax information schedules, quarterly and annual requirements.
EDUCATION
B.A. in Accounting, University of Southwestern Louisiana, Lafayette, LA
TECHNICAL TRAINING
SAP Software System - FI/CO, SD, MM and PP Modules
Solomon Software
TECHNICAL SKILLS
* Microsoft Office
* Excel
* Word
* Access
Liaison between accounting and information technology |
