David W. Mantey CPA
acegou@r.postjobfree.com
www.linkedin.com/in/davidmantey/
Home 717-***-**** Cell 281-***-****
Profile
Proactive finance professional with experience at leading organizations, in
all aspects of financial and strategic management, with a particular focus
on financial reporting, planning and analysis and accounting.
Strong leadership skills gained through positions of increasing
responsibilities in capital intensive and service industries. Proven track
record on corporate restructuring and turnaround situations.
Areas of core competence include:
Financial analysis and modeling Integration of acquired entities
System Design and implementation Leading due diligence efforts
Management of accounting functions Treasury Management
Technical Accounting Mentoring and training
Professional Experience
Corporate Controller 2011 - 2014
Volvo Rents
Volvo Rents was a franchisor of equipment rental operations primarily
distributing Volvo branded equipment.
In 2010 the decision was made to purchase the franchisee network and become
the operator of a national chain of rental
locations. In a span of 2 years Volvo Rents acquired 52 rental companies
and grew to $1B in rental assets and $500+
million in revenue.
Responsibilities include the general ledger, treasury, accounts payable,
fixed assets, payroll and tax. Also was responsible
for managing the Regional Controllers and their staffs.
Accomplishments include:
Transition the accounting team from Asheville, N.C. to Shippensburg, Pa.
Implemented a per payroll reconciliation process to ensure the ADP system
matched the general ledger.
Developed monthly reserves for vacation and sick time accrual. Including
review of the incentive compensation plans.
Successfully led company through the 2010 - 2012 audits that resulted in
the sale of the company.
Restructured departmental accounting so that each area received financial
reports to monitor against budgets.
Implemented a balance sheet reconciliation template and review process to
maintain and improve reporting.
Provided accounting research to CFO on the capitalization of repairs to
rental equipment to ensure compliance with GAAP.
Group Controller 2003 - 2011
The Linc Group, LLC
The Linc Group is the parent company for Linc Facility Services Group of
Companies. LFS generates 450MM in revenues
providing Operations and Maintenance Services to Government, Commercial,
Industrial and Healthcare customers.
Responsibilities include accounts receivable, accounts payable, project
accounting and general ledger.
LFS was an Enron owned company that relocated its accounting department and
implemented PeopleSoft
the year following bankruptcy. The general ledger was a disaster.
Accomplishments include:
Responsible for the consolidation of the Government Division, Commercial
Division and Joint Ventures.
Successful integration of five acquisitions.
Evaluated existing company personnel and based upon this evaluation
restructured the accounting department.
Successfully led company through the 2002 audit that resulted in the sale
of the company.
Coordination of all accounting activities for LFS and one domestic and
three international joint ventures.
Reconciled a 10MM AR out of balance between the ledger and the subsidiary
ledger.
Chief Financial Officer 2002-2003
U.S. Pipeline, Inc.
U.S. Pipeline, Inc. is a mainline pipeline construction company operating
on a worldwide basis. It is a financially troubled company that is
operating in the depressed pipeline market. U.S. Pipeline generates over
$70MM annually in revenues.
Responsibilities include all facets of financial management including
budgets, strategic and business planning, management information systems,
financial analysis and reporting, internal and external audit functions,
cash management and banking, M&A due diligence and human resources.
Accomplishments include:
Restructured and automated the accounting system to reduce cost.
Identified potential areas of cost savings and implemented proposals
projected to generate $2.1mm in 2003.
Successfully transitioned to new payroll provider generating cost savings
of $ 152K annually.
Led the multi-disciplinary team that conducted project due diligence for a
proposed joint venture in Saudi Arabia.
Strengthened management reporting so potential problems are identified
early and management can make timely decisions
Vice President - Finance 2000-2001
National Equipment Services, Inc.
National Equipment Service is a publicly traded national specialty rental
company with over 200 locations across the United States generating $300MM
in revenues. This troubled equipment provider suffered with high debt, high
operating cost in a declining over supplied market. NES is relatively new
company that was created through rapid acquisitions and little internal
controls.
Responsibilities include all facets of financial management, budgets,
strategic and business planning, management information systems, financial
analysis and reporting, internal and external audit functions, cash
management and banking and M&A due diligence and human resources.
Accomplishments included:
Evaluated existing company personnel and based upon this evaluation
restructured the accounting department.
Implemented controls to protect company assets.
Ensured that the budgets were consistent with long range valuation models
Managed cash flow to ensure operating liquidity in the context of a poor
performing company.
Director of Financial reporting & Analysis 1989-2000
Prime Service, Inc.
Rental Service Corporation (Acquired Prime) is a national provider of
equipment to the construction, industrial and homeowner markets within
North America. RSC operates over 400 locations with 300 product lines and
in excess of 80,000 pieces of equipment.
Responsible for the Financial Planning and Analysis Department which
included budgeting financial variance and analysis, consolidations,
acquisition analysis, due diligence and financial modeling, capital asset
reporting and monitoring the reporting to ensure compliance with GAAP on
multiple countries. The department consisted of four persons.
Accomplishments included:
Team leader reviewing policy and procedures and implementing changes
producing cost saving of $500K.
Responsible for SEC Reporting including the annual Reports, 10K and 10Q's.
Led audit team to review the internal control procedures of an affiliated
company.
Member of Management Team that successfully sold the company.
Member of Management Team that successfully completed an IPO and Debt
Financing.
Financial Analyst 1981-1989
Prime Service Inc.
Prime Service, Inc. is a national provider of equipment to the
construction, industrial and homeowner markets within North America. Prime
operated over 180 locations with 200 product lines and in excess of 40,000
pieces of equipment.
Responsible for the Financial Planning and Analysis Department that
included variance analysis, budgeting, capital asset reporting and
financial modeling and year end reporting. Additional responsibilities
included property tax reporting and analysis, sales tax reporting and
compliance and Federal Income Tax reporting.
Accomplishments included:
Generated budgets and conducted variance analysis to monitor performance.
Implemented a budget policy and procedure manual creating an efficient
budget and better understanding of the financial statements at the
operating level.
Reviewed, redesigned and rolled out the fuel usage reporting system which
generated cost saving $300K.
Implemented an accounting policy change concerning capitalization of fuel.
Created a property tax reporting system that produced savings of $75K.
Education
MBA University of St. Thomas Concentration in Finance and
Management Marketing
BS Wright State University Major -
Accounting and Finance