Plant Controller, Financial Analyst

Lawrence S. Jones

***** ** ******* *****

Terrebonne, Oregon 97760

503-***-**** ac00sv@r.postjobfree.com

SUMMARY OF QUALIFICATIONS

Accounting and Finance professional with over 30 years of experience in positions of increasing responsibilities. Excellent reputation for the integration of Finance and Accounting within the operations, development and execution of finance and operational business plans, and the design of reporting systems in support of operational objectives.

PROFESSIONAL EXPERIENCE

Precision Castparts Corp., Portland Oregon 1991 - 2013

Precision Castparts Corp. (PCC) is a worldwide, diversified manufacturer of complex metal components and products with sales in excess of $9 billion. Precision is publicly traded on the New York Stock Exchange.

Manager of Financial Analysis (Corporate) – 2008 to 2013

Finance team member responsible for the integration of new acquisitions. This includes the validation or development of operational and accounting reporting systems including daily cost, throughput and inventory reports, weekly financial forecasts and quarterly business reviews. Tremendous emphasis is placed on cost reduction, improvement of underperforming assets and synergies with other divisions. Some years our acquisitions were in excess of $3 billion. To date, our acquisitions have been immediately accretive to earnings.

Manager for PCC’s Financial Development Program (FDP) seeking high potential individuals building our bench strength for the future. We targeted specific universities and specific graduates in finance or accounting to enter into our 2 year program (4 six month rotations, requiring two relocations). The program’s success was demonstrated every six months with our graduating FDP’s each receiving multiple offers within PCC.

Operations Controller -- July 1991 to 2007

Operational manager for one of Precision’s largest manufacturing facilities ($250 million) reporting directly to the Division Controller with dotted line responsibilities to the Vice President and General Manager. Responsibilities include the coordination and development of short and long range business plans, adherence to G.A.A.P., corporate accounting policy's and government regulations, cost accounting activities including LIFO inventory valuation, product costing and profitability and the coordination of new business systems.

Improved pre-tax earnings from 5% to 22%

Improved inventory turns from 4.6 to over 10

Improved annual cash flow to over $40 million

Implemented complete new business systems including shop floor control, inventory control, MRP, cost accounting, order entry and a bar code labor collection system.

Implemented customer focused manufacturing work cells and complete business units involving a plant re-layout, a realignment of the engineering and overhead support functions and the development of new internal reporting systems.

Designed and implemented daily reporting systems that provide manufacturing cost and throughput visibility and variances to plan.

Director of Internal Audit -- May 1993 to May 1994

Financial Director – Precision Castparts Corp. – U.K. Ltd. -- February 1991 to June 1991

PACCAR Inc., Bellevue Washington 1989 - 1991

Senior Financial Auditor -- October 1989 to January 1991

Lead auditor in charge of financial and operational audits. Responsibilities included program development, on-site fieldwork, report preparation and presentation to senior management.

Precision Castparts Corp., Portland Oregon 1981 - 1989

Senior Financial Analyst -- November 1988 to September 1989

Cost Accounting/Project Manager -- April 1984 to October 1988

Cost Accounting Supervisor -- June 1981 to March 1984

EDUCATION

B.S., Business Administration, Oregon State University, June 1981

Financial Planning and Control

Software Proficiency: Excel and Microsoft Word

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