Independence, MO *****
abnb25@r.postjobfree.com
Finance and accounting professional with 28 years of experience in all
phases of financial management, ranging from staff
accountant to Vice President of Finance.
PROFESSIONAL EXPERIENCE
Independent Consultant___________________________________________3/2005-
Current
. Currently working with a start-up company in
the renewable energy field.
. Assist distressed companies to determine there
viability and plan strategy forward
. Certified Safety Mfg.-Assisted in transition
after CFO illness
. Individual tax returns
. Interim contract CFO at Weld Wheels, a distressed $50 million company
of high end automobile and racing wheels, that needed help with their
costing to determine profitability and their ability to service debt.
As it became evident that the company could not survive, I helped lead
the company thru the process of their successful sale to American
Racing, Inc.
. Construction consultant to new home builder-utilizing new
environmentally safe methods.
Orion Enterprises, Inc. of Kansas City, Kansas
1982 - 2005
Vice-President of Finance
. Orion manufactures a wide range of acid waste and pure water systems
as well as double containment and custom engineered systems for
drainage in virtually all acid removal environments.
. Promoted through 23 years of service from staff accountant to V.P. of
Finance.
. Managed financial function during time of growth from sales of $1.8 M
to $18 M.
. Converted accounting system from manual to computerized as well as two
upgrade conversions in addition to a conversion to an MRP
manufacturing software package.
. Managed information technology function.
. Developed accounting procedures for the company.
. Negotiated financing with area banks.
. Led development and management of budgeting process, financial
reports, and audits.
. Collaborated with company owners in developing strategic planning to
forecast and implement business plan.
. Developed clear costing system.Participated in design of production
facility.
R.E. Rice Construction Company; Independence, Missouri
1976 - 1981
FOUNDER/OWNER
. Managed all aspects of home construction.
. Marketed and sold properties.
. Generated all financial records, reports, and information required by
lending institutions.
. Assisted buyers in arranging for mortgage loans.
EDUCATION
Bachelor of Arts, Accounting
University of Missouri, Kansas City
CAREER ACCOMPLISHMENTS
ADMINISTRATION
Directed administrative function for 3 new companies, broadening sales base
and opening new markets for existing products.
. Briefed attorneys on issues and needs.
. Applied for federal and state registrations.
. Established financial structure and budgets for each company.
. Directed recruitment, selection, and training of office
personnel.
Results: Start-ups were seamless with companies averaging $2M in sales
volume and $100,000 in net profits for first year.
RESEARCH and NEGOTIATION
Perceived idea, researched, and persuaded ownership to use robotics in $18M
manufacturing plant.
. Observed repetitive nature and wasted labor with injection
machines.
. Researched possible robotic solutions to alleviate these
problems.
. Briefed ownership on possible solutions.
. Analyzed cost savings.
. Negotiated price and delivery on two new robots.
. Coordinated delivery and the transition to the robots.
. Evaluated use of the new robots.
Results: Increased production, saved labor ($100,000 the first year) and
provided the initiative to fully automate the injection
department with actual decrease in cost of equipment
maintenance.
MANAGEMENT
Supervised the installation of software for manufacturing company.
. Observed need to more accurately determine production costs.
. Briefed ownership on the need to refine our costing process.
. Researched software vendors to find the best solution.
. Negotiated with vendors for the best price.
. Managed upgrade process- developing bill-of-materials, routings,
and costs associated.
. Trained the appropriate employees to the policies and procedures
needed.
. Coordinated reporting process.
Results: Enabled company to identify costs with up to 20% greater
accuracy.
Reduced inventory by 15%. Built capacity to generate reports
for ownership, enabling them to make better material handling
decisions.
CAREER ACCOMPLISHMENTS
BUDGETING
Established the first detailed budget for an $18M plastics manufacturing
company.
. Analyzed all historical data and trends for previous five years.
. Projected future sales and expenditures based on historical
ratios.
. Interviewed department heads for input on their areas.
. Briefed the president daily on progress development.
. Reviewed process with CFO and national sales manager, made
adjustments and developed final version.
Results: Decreased time to access current budget information from 2-3
months to less than 30 days, making it possible to make critical
decisions faster and more accurately. Process was
institutionalized.
ACCOUNTING
Developed the acquisition analysis for purchasing a $2M company to expand
manufacturing
capabilities.
. Analyzed financial statements of potential new company.
. Observed the accounting functions and manufacturing process.
. Researched asset values with respective experts.
. Briefed ownership of results and recommended moving forward with
project.
. Directed the transition to our company policies and procedures
in all accounting areas.
Results: Purchase of company increased profits by 5% and added
volume and
sales potential for future growth.
EVALUATION
Developed new reports to assist ownership and salesmen in identifying new
and more profitable markets.
. Analyzed existing reports for accuracy and content.
. Organized a meeting with salesmen and ownership to determine
their needs.
. Evaluated input; persuaded ownership to accept suggested
improvements.
. Coordinated with software vendor to program the report that
closely defined profitability and different lines.
Results: Ownership and salesmen were able to pinpoint their efforts more
effectively, thus increasing sales and profits. Contributed to
annual sales increase of 20%.
INITIATIVE
Organized first United Way Drive for company with 140 employees.
. Briefed ownership on idea of supporting people in community.
. Coordinated meeting with United Way to establish program.
. Organized advertising and recognition program for employees.
. Presented program to employees.
. Established ongoing coaching and encouragement to participate in
program.
Results: 85 of 140 employees contributed in first year of campaign.
RALPH RICE