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Management Accounting

Location:
Millerstown, PA
Posted:
June 06, 2014

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Resume:

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



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