KENNETH R. GUELDNER

**** ***** ******* ******, *********, CA 92056

760-***-**** . acghao@r.postjobfree.com

SKILLS

. Expert in financial modeling and budgeting. Prepared budgets that

integrated the income statement, the balance sheet and credit

availability in a multicurrency environment.

. Expert in Excel - vookup, sumif, pivot tables, sensitivity analysis, etc.

. Strong GAAP knowledge.

. Forecasting - have forecast everything from sales mix to marginal sales

on catalog mailings.

. Derivatives and hedging - accounting and trading experience in foreign

exchange forwards and options.

. Data mining and analysis - I find ways of getting the data to solve the

problem at hand, whether it exists in the existing management information

system or not.

EMPLOYMENT HISTORY

Spy Optic: 2009 - 2014

2070 Las Palmas Drive

Carlsbad, CA 92009

Spy Optic sells optical products to the action sports market.

Director of Finance and Planning - January 2009 to May 2014

I started working for Spy Optic on a consulting basis. In 2005, I brought

their hedging program into compliance with FAS 133. In 2006, I was interim

controller. I stayed on to work on improving accounting and reporting

systems. In 2009, I became an employee. Duties included budgeting,

financial modeling, maintaining the relationship with an asset-based

lender, cash management and forecasting and various accounting and analysis

projects.

. Kept a substantial line of credit in place despite chronic income

statement losses, negative shareholder equity and frequent changes in

management.

. Accounting projects included product line profitability analysis, cost

accounting, loan restructurings, deconsolidation of a subsidiary,

sales returns reserve analysis.

. Designed and implemented a sales and margin reporting tool that

facilitated analysis of product mix and profitability by user defined

market segments.

In October 2012, I took over purchasing.

. I am not a purchasing professional; I took this job to restore Spy's

solvency.

. I simultaneously reduced inventory on an absolute basis, reduced air

freight in favor of ocean freight on product purchases and reduced

inventory stock outs during a period of sales growth.

. In my first five months, I took inventory down 20.7% YOY while sales

were up 10.6% YOY. Year over year inventory decreases continued

throughout my tenure.

. Spy's asset based lender has increased both the dollar amount and the

percentage advance rate on inventory collateral because of improved

inventory quality and improved inventory turnover.

Self Employed: 2004 - 2008

. Consulting projects including budgeting, foreign exchange hedging,

mergers and acquisitions, cash flow forecasting, duty drawbacks

. The CFO's of two of my major clients were former colleagues from Callaway

Callaway Golf Company: 1993 - 2004

2180 Rutherford Road

Carlsbad, CA 92008

Callaway is one of the largest golf equipment companies in the world. It

had $153 million of revenue when I started and almost a billion of revenue

when I left. 40% of the revenue was foreign currency denominated.

My title changed several times during my tenure (Director of Financial

Analysis, Assistant Treasurer, Corporate Treasurer)

. Corporate Treasurer/Assistant Treasurer: Responsible for lines of credit,

bank relationships, hedging, cash forecasting. Implemented foreign

exchange hedging programs including FAS 133 documentation and compliance.

Excellent trading record. Hedged both balance sheet exposures and

anticipated transactions (cash flow hedges).

. Director of Financial Analysis: Responsible for budgeting, KPIs, special

projects. 2 MBAs reported to me. Budgets integrated the projected

balance sheet and projected income statement into one model. Spearheaded

a cost of manufacturing/volume analysis that led to a major reduction in

the selling price of irons and a major increase in iron market share.

Telecredit, Inc: 1980 - 1991

Telecredit was a check guarantee and credit card processing company. It

was acquired by Equifax in 1991 for approximately $500 million and later

spun off to become Fidelity National Information Services.

. Assistant Treasurer 1983 to 1991: Responsible for cash management ($25 to

$30 million per day of cash receipts), investments ($100+ million

portfolio), lines of credit. Managed over 100 bank accounts including

accounts belonging to clients. Generated $2 million in capital gains

using low risk investment strategies to offset a capital loss carry

forward. Increased investment yields by changing the types of investments

made, the dealers used and the average maturity of the portfolio.

. Loss Control Supervisor - 1982: Monitored the profitability of about

25,000 check guarantee clients and implemented changes to unprofitable

accounts. Made significant changes to the fundamental algorithms used to

control check fraud. Devised methods to reduce bad check losses that

tripled the effectiveness of existing methods.

. Financial Analyst - 1981

. Staff Accountant - 1980

I took 2 years off to travel between Telecredit and Callaway.

EDUCATION

Bachelor of Science degree in Finance - San Diego State University. The

Finance department named me its outstanding graduate of 1980.

OTHER

. Experienced with Microsoft Dynamics/Great Plains ERP software.

. Experienced Bloomberg terminal user.

. Introduction to Operations Management - Online MBA level course through

The Wharton School/Coursera. Passed with distinction.

. Lean sigma - Employers Group Lean Institute

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