Senior Level Financial Management resume in Logan, OH, 43138

Senior Level Financial Management

Posted by:	Name is not set.
Posted date:	11/6/2009
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Country:	United States
State:	Ohio
City:	Logan
ZIP:	43138

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STEPHEN A. MUSIN, M.B.A., C.C.M.
789 Edgehill Drive
Logan, Ohio 43138
Phone & FAX (740) 380-3160
Email: musins@roadrunner.com

Qualifications For
SENIOR-LEVEL FINANCIAL MANAGEMENT

PERSONAL SUMMARY
An accomplished, analytical and results-oriented executive with over 25 years of experience in domestic and international corporate finance and treasury operations, with expertise in the following areas:

* Strategic Planning & Financial Forecasting * Financial System Development & Compliance
* Mergers, Acquisitions & Divestitures * Public and Private Corporation Financial
* Accessing Public and Private Capital Markets Management, Controllership & Reporting
* Banking Negotiations and Loan Compliance * GAAP, FASB, F.A.R., FCASB Regulations
* FX, Derivative & Hedging Transactions * S.E.C. 10K, 10Q, 8K, S1, & MD&A Reporting
Demonstrated ability to develop highly effective management strategies, with a proven track record of consistently producing accurate and profitable operations through innovative problem solving techniques and follow up.

Strong ability to strategize, develop and institute needed procedures and policies. Outstanding interpersonal and negotiation skills combine to build lasting and supportive client relations. Easily adapt to new situations, making the most of these opportunities.

Keen understanding of business, research and development, operations, personnel and financial operations and their interrelationships. Capable of streamlining operations by optimizing staff, reducing overhead costs and internal paperwork, by developing more efficient financial systems. Outstanding ability to identify working capital opportunities in order to maximize corporate cash flow and profitability.

Superior track record of increasing revenues, market share and profitability through acquisitions, mergers and divestitures. Adept in analyzing the financial structure of a corporation in order to reduce the cost of capital and to modify financial constraints which allows smoother operating efficiency.

PROFESSIONAL HISTORY

THETA PRO2SERVE MANAGEMENT COMPANY L.L.C. (TPMC), Piketon, OH 2007 to 2009
(United States Department of Energy Facility Prime Infrastructure Contractor, “L” Security Clearance)
Chief Financial Officer Manages all Chief Financial Office (CFO) activities and maintains focus on meeting the financial requirements of the company and strategic objectives of the Board of Managers. Directs governmental and corporate accounting and financial reporting activities for TPMC through coordination with a staff of eight professionals. Identifies financial methods, procedures and operations needing improvement, recommends appropriate actions and participates in development of improvements. Reviews and assists in resolution of client financial inquires and audit exceptions requiring interpretation of contract or intent and/or interpretation or decision consistent with policies and practice, including F.A.R. Regulatory compliance, GAAP, FASB, DOE, DOD, DCAA, and FCASB regulatory compliance, and best practices internal control compliance. Maintains direct working relationships with client, senior management, functional and project management. The CFO develops understanding of company policies and practices through appropriate educational and training activities, performs functions inherent in all managerial and supervisory positions, including salary planning, budget control and report, replacement planning, career counseling, performance evaluations, training and development, recruitment and interviewing, maintains a safe working environment, demonstrates awareness and implementation of applicable environmental, safety, and health (ES&H) requirements while also alerting co-workers of such requirements as needed, ensures safety and health of employees during work tasks, utilizing good work practices and following procedures and protocols, demonstrates a personal commitment to safety and quality and performs other duties as assigned.

• Established, negotiated, and implemented a new primary banking relationship with a top ten national bank, doubling the company’s current availability, while increasing the company’s profitability by approximately $25,000 annually, and eliminating all required prior lending covenants, fees, and all corporate and personal guarantees. The potential working capital loan lending rate was reduced by approximately 30 percent. Corporate treasury management fees were reduced by approximately 70 percent.
• Established a new agency relationship related to the corporate commercial liability and casualty insurance coverage underwriting at a savings to the company of over $50,000 annually.
• Negotiated and implemented the acceptance of the company into a State of Ohio Workers Compensation group rating program with an anticipated annual saving to the company of over $40,000.
• Negotiated, established and implemented a commercial card purchasing system from a national financial institution, allowing the company greater informational flexibility, particularly within the company procurement and employee travel areas.
• Assumed and transferred all accounting and financial reporting responsibilities and records from the parent organizations to the TPMC accounting and financial staff and facility.
• Performance of mergers and acquisition analysis for the company including corporate valuation analysis, capital markets financing negotiations and purchase price and structure negotiations with potential acquisition targets and principals.

SUNPOWER, INC., Athens, OH 2002 to 2007
(Globally Distinguished Leader in Research & Development and Manufacturing)
Chief Financial Officer and Controller Accountable for corporate and divisional P&L and balance sheet accounts through supervision of an accounting and administration staff of six people. Responsibilities include corporate strategic planning, Board of Directors and stockholders financial reporting, attendance and presentations at Board of Directors and corporate stockholders meetings, preparation of monthly, quarterly, and year end financial reports, financial forecasting, short and long term budgeting, bank and lease negotiations, U.S. Government Accounting Standards including F.A.R. Regulatory compliance, GAAP, FASB, DOE, DOD, NASA, DCAA, and FCASB regulatory compliance, Sarbanes-Oxley / Best Practices internal control compliance, capital expenditure analysis, accounts receivable/payable, payroll, credit/collections, fixed assets / depreciation analysis, supervision of general ledger, internal audit, corporate income, sales and excise taxes, treasury operations management, coordination of external accountants, corporate administration, and corporate risk management.

• Created a highly dynamic, financial forecasting system, for the Board of Directors and Executive Committee, which incorporates newly structured financial statement analysis, cash flow forecasting, corporate planning / budgeting, and financial variance analysis, together, to create a company forecasting system which has proven itself to be approximately 95% accurate over a monthly and yearly basis.
• Analyzed and implemented the use of federal and state Research and Development Tax Credits, initially saving the company approximately $665,000 in tax liability, with a residual effect of approximately $100,000 annually.
• Increased the corporation’s working capital credit facility availability by 800%, and CAPEX term loan facilities availability by 500%, while reducing its overall interest rate exposure by approximately 25%, without corporate or principal financial guarantees or covenants.
• Project Leader for the successful implementation of the Deltek Costpoint ERP/MRP financial reporting system.
• Prepared and implemented strategies to reduce the corporation’s overhead rates by 20%, positioning it to receive additional customer research and development contracts.
• Always receive clean (unqualified) audit reports from the company’s external auditors, DCAA (Federal Government) compliance, State of Ohio, and United States Department of Commerce.
• Created a computerized corporate treasury management system which identifies daily account funding, borrowing or investment needs, changes in accounts payable and receivable, and reconciles the corporate cash position to the general ledger.
• Implemented Best Assets / Sage Software, fixed asset system, to enhance the capitalized asset accounting system and create a more accurate depreciation reporting analysis.
• Member of the Corporate Executive Committee, Administrative Managers Committee, and Corporate Compensation Committee, providing corporate direction concerning financial and accounting issues.

S.A.M. ASSOCIATES, INC. , Wooster, OH 1999 to 2002
Senior Level Corporate Financial Consultant
Serves as Chief Financial Officer, Controller or Advisor to Board of Directors.
Financial Expertise: Corporate acquisition planning and due diligence, corporate strategic planning, restructuring and financial forecasting, I.P.O. due diligence, bank and lease negotiations, private placements of equity and debt, debt compliance, investment and capital expenditure analysis, MIS, and treasury operations management.
S.E.C. & Financial Reporting Expertise: Annual 10-KSB and Quarterly 10-QSB SEC financial filings, S-1, 13-D, S-8, 8K and S-3 filings, GAAP and FASB regulatory compliance, multi-state corporate income, sales, and excise taxes.
Accounting Expertise: Controllership, corporate, subsidiary, and affiliated companies’ P&L and balance sheet accounts, cash flow statements and forecasting, accounts receivable/payable, payroll, credit/collections, fixed assets, general ledger, internal audit, coordination of external audit firms (Deloitte & Touche, Hausser & Taylor, Maloney & Novotney, PriceWaterhouseCoopers, Stonefield Josephson)
Corporate Administration: 401K plan administration, workers compensation and human resources compliance, corporate risk management, and employee benefits planning, estate planning and coordination of outside legal staffs.

• Completed the purchase, and financing for the acquisition of, Phillips & King International, Inc. ($17 Million subsidiary) for 60% of book value, while negotiating very favorable working capital line ($3.0 Million) terms.
• Raised $500,000 in new convertible term loans, $300,000 in new term loans, and $3.3 million in working capital lines of credit at well below prevailing rates and covenants.
Ÿ Negotiated a 25% reduction in bank credit card processing fees, saving the client over $100,000 annually.
Ÿ Guided client through a successful corporate restructuring, renegotiating credit terms with financial institutions and trade creditors, to enhance the company’s cash flow and prevent a potential bankruptcy filing.
Ÿ Directed the revision and implementation of the client’s marketing and financial business plans to significantly improve the company’s profitability and cash flow.
Ÿ Established needed corporate accounting and financial controls, as well as, a monthly, quarterly and annual financial reporting process to Stakeholders and financial institutions.
Ÿ Worked closely with the client’s outside legal council to defend and win an Internet trade name dispute.

PRIMARY CONSULTING CLIENTS:
EnergyGateway.com L.L.C., Columbus, OH
(Energy Brokerage and Internet Technology Company, Transaction Volume $300+ Million Annually)
Walter Jones Construction and Building Supply, Wooster, OH
($20 Million Wholesale & Retail Construction and Building Supply Company)
The Duncan Hill Group, Inc., North Canton, Ohio
($60 Million Wholesale, Retail, Manufacturing, Direct Marketing and Distribution Conglomerate,
Three Publicly Traded and Two Private Companies)

WOOSTER IRON AND METAL COMPANY, Wooster, OH 1997-2000
($60 Million Scrap Metal Processor and Distributor)
Director of Finance and Administration & Controller Accountable for corporate and affiliated companies’ P&L and balance sheet accounts through supervision of an accounting and administration staff of ten people. Responsibilities include corporate acquisition planning and due diligence, bank and lease negotiations, GAAP and FASB regulatory compliance, capital expenditure analysis, accounts receivable/payable, payroll, credit/collections, fixed assets, MIS &Y2K compliance, general ledger, internal audit, corporate income, sales and excise taxes, treasury operations management, coordination of external accountants and corporate administration (including workers compensation, human resources compliance, corporate risk management, and employee benefits planning).

Ÿ Designed and implemented integrated accounting systems for company affiliates.
Ÿ Negotiated new term loans, equipment lease lines of credit, and working capital lines of credit for both parent and affiliated companies at well below prevailing rates and covenants and without personal guarantees.
Ÿ Designed and implemented a corporate treasury management system allowing corporate management to react to changes in company working capital and monthly sales orders.
Ÿ Enhanced corporate administration and employee benefit plans, while reducing the underlining costs of administration, with an annual savings of approximately $75,000.

PORTS PETROLEUM COMPANY, INC., Wooster, OH 1994-1997
($400 million Petroleum Wholesale and Retail Distributors)
Vice President of Finance and Administration & Controller Accountable for corporate and subsidiary P&L and balance sheet accounts through supervision of an accounting staff of 35 people, including corporate strategic planning and forecasting, I.P.O. due diligence, GAAP & FASB regulatory compliance, accounts receivable/payable, payroll, credit/collections, fixed assets, MIS, general ledger, retail operations accounting and internal audit, corporate income and excise taxes, treasury operations management, coordination of external audit functions, hedging, bank and lease negotiations, debt compliance, estate planning, investments, Worker’s Compensation and employee benefit planning, corporate risk management and coordination of company legal actions with outside law firms.

Ÿ Through extensive financial research, negotiated and extended the company’s working capital credit line to $10 million while finalizing $6 million of term loan financing for capital expansion purposes. Also refinanced $20 million in term debt, extending maturity while reducing interest rate, increasing cash flow $750,000 annually.
Ÿ Negotiated $400,000 of long term lease financing.
Ÿ Computerized treasury management system which improved accuracy and timeliness of corporate reports, reduced corporate treasury fees by $15,000 per year, increased disbursement float by 1.5 days while decreasing deposit float for a total savings of over $100,000 per year.
Ÿ Improved productivity by 30% in retail operations accounting by improving accounting methods through simplification of the data entry process.
Ÿ Created a real estate database which helped streamline property valuations for insurance company comparisons and reduced corporate commercial insurance premiums by $180,000.
Ÿ Team member on the acquisition and divestiture of ten corporate properties.

DOSKOCIL COMPANIES INCORPORATED/WILSON FOODS CORPORATION,
Hutchinson, KS/Oklahoma City, OK 1984-1994
Doskocil Companies acquired Wilson Foods Corporation in 1988, (Fortune 300 Meat and Food Products Manufacturer / Distributor), later acquired by IBP, Inc. in 1997, which was acquired by Tyson Foods, Inc. in 2001.
Assistant Treasurer Responsibilities included supervision of liquidity management for entire corporation including 21 subsidiaries, long and short term liquidity forecasting, international treasury management, letters of credit negotiations, foreign exchange transactions and hedging, banking negotiations and loan compliance, supervision of long and short term borrowing and investment positions, supervision of credit personnel, coordination of corporate assets for acquisition, divestiture or mergers, treasury/financial system development, advisor to legal staff on topics pertaining to corporate banking or financial systems, backup to director of risk management, equipment financing, state and municipal loan compliance and Securities and Exchange Commission (S.E.C.) reporting.

Ÿ Team member of the Doskocil Companies $238 million acquisition of Wilson Foods Corporation.
Ÿ Team member for public $110 million senior subordinated debt issuance and refinance of $65 million working capital line of credit.
Ÿ Accomplished corporate acquisitions: purchased 15 properties, saving over $25 million from appraised values, while arranging sub-market purchase financing.
Ÿ Developed a computerized state-of-the-art Treasury Management System using Lotus 1-2-3 and Lotus Symphony software reducing treasury staff by three people.
Ÿ Overcame corporate restructuring financial problems (Chapter 11) twice, enabling company to maintain liquidity during bankruptcy process.
Ÿ Developed a new debt and collateral compliance module, and financial forecasting system, for Doskocil Bank Group, then merged these modules so that future working capital availability could be accurately predicted.
Ÿ Streamlined financial operations by establishing a Canadian Lock Box system, consolidating various corporate bank accounts, creating an online corporate investment module and establishing a letter of credit processing system, saving the company $75,000 annually, while increasing investment yields by 15%.

MIS / COMPUTER SKILLS / PUBLICATION / EDUCATION / TRAINING

Software Experience: Microsoft Office 2007 & Office 2003 (Excel, Word, PowerPoint, Access, Outlook, Project), Lotus Millennium Suite, Best Assets / Sage Software (part of MAS90 and MAS200), Deltek GCS Premier 4 Multidivisional Accounting Systems, Deltek Costpoint ERP/MRP Multidivisional Integrated System, SOMAX Purchasing Software, PMCP, Adobe Acrobat Software, HTML, Navision Financial Systems, Zircon Accounting Systems, Quickbooks Pro, Systems Alternative (SAI) Accounting Software, BPCS Accounting Systems, ACCPAC Accounting Systems, and various custom programmed software applications.

Hardware Experience: Microsoft NT Multi-Server Networks, SQL Server Networks, Deltek Accounting Server Networks, Unix Server Networks, AS400 Server environments, RS6000 Server environments, IBM System 36 and System 38 platforms, IBM 3090 mainframe systems

Publication: September 2003 – FAS Help Protect R&D Company’s Investment in Patents. Written by Sage Software Asset Accounting (Best Asset Accounting). This article was pertaining to the successful implementation as use of Sage Software (Best Asset Software) for the use of intangible asset recordation pertaining to amortizing and analyzing three large patent portfolios for Sunpower, Inc.

Certified Cash Manager (C.C.M.) - 1988
(Permanent Certification Awarded in 1992)

Master of Business Administration - Finance
CENTRAL STATE UNIVERSITY, Edmond, OK - 1989

Bachelor of Business Administration - Finance & Economics
GRAND VIEW UNIVERSITY, Des Moines, IA - 1982

SPEAKER at college level on topics concerning Automated Treasury
Management Systems, Mergers and Acquisitions

WILLING TO TRAVEL * REFERENCES AVAILABLE UPON REQUEST

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