William N. Woods, CMA
*** **** * ****, ******, Texas, 79830
( H: 432-***-**** ( C: 432-***-**** (*******@*******.**
Senior Financial Executive
A Dynamic Senior Financial Executive with a Certified Management Accountant
designation and 15 plus years as a CFO, Vice-President of Finance,
Controller and Administration Superintendent in the manufacturing,
transportation and mining industry. I bring experience in business
startups, expansions and closures along with multinational experience in
the US and Canada including joint venture, subsidiaries and wholly owned
financial statements in both the public and private sector. I provide
extensive experience in setting up integrated financial accounting ERP
systems and improving cost efficiencies and productivity. I provide an
environment with respect for leadership and coaching skills to empowering
team members while creating a fun, productive and rewarding work
environment. I am resourceful, proactive, decisive and innovative in
achieving results. Competencies include:
. Organizational Restructuring
. Manufacturing
. Joint Venture Administration
. Startups, Expansions & Closures
. Efficiency Improvement
. Systems Implementation
. Contract Negotiations
. Strategic Acquisitions
. Staff Leadership
. Financial Accounting
. Cost Accounting
. Strategic Planning
. Business Planning
. Capital/Operating Budgets
. TSX Reporting
. International Financial Standards Reporting
. Reverse Takeover
. Financial Modeling
. Materials Management
. Risk Management
. Policy Development
. Human Resources
. Board Reporting
Career History
RIO GRANDE MINING COMPANY, Alpine, TX May 2012 - Present
Rio Grande Mining is a silver mining company with projected annual sales of
70M-$80M and 100-150 employees.
Finance & Administration Manager
I manage the accounting, finance, information technology and human
resources functions. Responsibilities include financial statement
preparation, bank/creditor liaison, budgeting, cash flow forecasting,
treasury, auditing, insurance, purchasing, warehousing, employment policy
development, and system, as well as supervision of 15 employees in payroll,
accounts payable, purchasing, warehousing, information systems and human
resources.
. Led a major accounting system upgrade (AccPac), and developed internal
reporting and budgeting systems.
. Reduced inventory/warehousing costs and the risk of obsolescence by
minimizing inventory stock levels.
LIBERTY MINES INC., Toronto, ON July 2009 - April 2012
Liberty Mines is junior nickel mining company with projected annual sales
of $40M-$50M and 100-150 employees.
Chief Financial Officer
I provided financial strategic management and leadership, while assisting
the President in the day to day operations of the company. A primary
functions was to provide financial leadership for the public financial
reporting, assuring the corporation meets the standards in the
transformation of corporate reporting to International Financial Reporting
Standards (IFRS). I implemented controls and policies that are IFRS and
ICFR compliant that will support the organization in a publicly traded
company. I implemented a fully integrated ERP system (Great Plains)
ensuring controls and integrity were enhanced. I developed and maintain a
strong relationship with the audit committee and board members. The
company trades on the TSX.
VIKING PACIFIC CONSULTING, Grande Prairie, AB December 2008 - June
2009
Private business brokerage
Vice President Finance
I provided strategic management and leadership in the development of
business brokerage firm that specialized in mergers, acquisitions, business
planning, and equity financings. The company relocated it office to
Victoria to access a bigger market.
VALENS PHARMA LTD. / Consulting, Edmonton, AB 2007 - Dec 2008
Research Biotech Company looking to bring a new product into the market
Chief Financial Officer
I provided strategic financial management and leadership, while assisting
the President in the general operations of the company. A primary
responsibility included work closely with the President and Inventor
Relations to perform road shows to raise equity. I lead the organization in
going public with a reverse take over. I implemented controls and policies
that were GAAP and Sox compliant. I installed the computerized financial
information system, review, initiate, and negotiate contracts. I managed
and administer all employee benefit programs and personnel records. Other
responsibilities include liaison with legal council, government agencies,
and auditors ensuring conformity to corporate policy and procedures.
During the windup of the company, I was retained to recapture the SRED
credits totaling $500,000 and assist in the merger.
The company closed in August due to the phase II data results was not
favorable and a merger was completed by end of November.
NORTHERN TRANSPORTATION COMPANY LIMITED, Hay River, NT 2004 - 2007
Seasonal marine transportation and resupply services company serving
Northern communities ($65M revenues, 100-350 employees).
Interim Vice-President Finance (February - November 2005)
Reporting to the President and the parent company's CFO, I was accountable
for the strategic management of accounting and finance functions, including
cash flow, bank relationships and treasury functions. Other
responsibilities included the development of the board of director's
business plan, preparation and presentation of the board documents at
quarterly board meetings. Other highlights include the following:
. Supported Eastern Operations in opening a new office in Halifax. Assisted
in setting up accounting system, hiring office staff, and developing
office policies and procedures.
. Negotiated the strategic acquisition of a prime piece of property at a
very fair price, with the prime objective of preventing competition in
own backyard. Designed the memorandum of understanding.
. Developed MOU that led to the development of a joint venture.
. Western Operations expanded it business into the manufacturing of steel
bridges & tanks. The business also expanded into custom service work
with the skilled labour while better utilizing the infrastructure
currently in place.
Corporate Controller (2004 - 2007)
As corporate controller, I provided the hands on management of accounting
and finance functions, including treasury, cash, coordinate internal &
external audits, and insurance requirements. I lead the recruitment,
development, mentoring and leadership of a 4 member management team and 30
indirect reports, overseeing the finance, purchasing, warehousing,
information technology and the corporate services departments. I lead a
team of senior management to review business opportunities to enhance the
utilization of our employees and facilities. Other responsibilities
included the development and implementation of accounting policies,
procedures, internal controls ensuring the integrity of financial
information, managed relationships with the banks and creditors. Other
highlights are as follows:
. Demonstrating a strong work ethic, I implemented the following
improvements while concurrently performing 3 positions (VP Finance,
Corporate Controller and Manager of Purchasing and Warehousing).
- Restructured the Purchasing and Warehousing Department to improve
efficiency and productivity. I hired a certified professional
purchasing manager and an inventory control analyst, led an inventory
reduction program and implemented an automated purchase regeneration
system. I negotiated one and two year supply agreements with major
suppliers. These measures improved the company's ability to meet
seasonal inventory demands, while reducing inventory and dead stock.
- Re-engineered and transformed the Finance Department from an
organization with very high staff turnover, poor morale and little
financial understanding to one of accuracy, team work and stability.
- Hired 2 new Financial Analysts to support bid preparation through cost
and revenue analysis services. With accurate project costing, a team
environment, the company profitability increase 325% in the last year.
- I implemented tighter controls reducing bad debt write-offs by
$500,000 and decreasing past due accounts by 50% in one year.
- With streamlined month-end financial statement preparation process, I
reduced preparation time by (40%. While working with the IT
Department to develop a number of financial management reports, I was
able to better decision tools as a result of faster, better, more
reliable information.
MULTICRETE SYSTEMS INC., Thompson, MB 2003 - 2004
Manufacturer of cement-based products for use in the mining industry with 4
branches, 25 employees and annual revenues of $10M.
Corporate Controller
I managed the accounting, finance, administrative and human resources
functions. Other responsibilities included financial statement preparation,
bank/creditor liaison, budgeting, cash flow forecasting, treasury,
auditing, insurance and policy development, as well as supervision of 5
employees in payroll, accounts payable/receivable, purchasing, and
warehousing and information systems functions. During the president's
absence, I oversaw the day-to-day operations.
. Negotiated financing arrangements and managed financial aspects of
construction of 2 new plants.
. Provided leadership in successfully obtaining ISO: 9000 certification on
the first time.
. Led a major accounting system upgrade (AccPac), and developed internal
reporting and budgeting systems.
. Reduced inventory/warehousing costs and the risk of obsolescence by
minimizing inventory stock levels.
MONTANA TUNNELS MINING INC., Helena, MT 2002 -2003
Junior gold mining company with annual sales of $25M-$30M and 150-200
employees.
Controller
I coached and mentored 3 supervisors and 8 indirect reports in accounting,
metals accounting, payroll, budgeting, cash flow forecasting, auditing,
information systems, purchasing, inventory control and warehousing
functions.
. While living in the USA, I managed the exploration accounting for a new
property in Canada. Developed financial models for mining plans (used to
secure financing), as well as an internal reporting system and a
budgeting system.
. Coordinated accounting system conversion from Solomon to AccPac for
Windows.
FAIRBANKS GOLD MINING INC., Fairbanks, AK 2001 - 2002
Canadian-owned gold mining company with 400 employees and annual sales of
$75M+.
Controller
I supervised 3 direct reports and 20 indirect reports in accounting,
payroll, asset management, purchasing, warehousing, policy development,
information systems and general administration. A high priority was
supporting the General Manager in the preparation and presentation of
financial statements and budgets to corporate executives.
. Rebuilt the Finance Group following significant staff turnover and won
back confidence in the local management group.
. Coordinated a multi-million dollar implementation of JD Edwards One World
customized ERP system company-wide (U.S., Canada, & Head Office). This
improved utilization, accuracy and quality of information.
. Significantly reduced inventory values and improved efficiency of
purchasing and warehousing functions by restructuring the materials
management function and implementing just-in-time deliveries.
. Completed a sensitivity and financial analysis for proposed mining plans
in current and future years.
HOMESTAKE MINING, Lead, SD 2000 - 2001
Owned by one of the world's largest gold mining companies, the Lead Mine
had $100M in annual sales and 350 employees.
Controller
I managed 5 direct reports and 12 indirect reports in all aspects of
accounting, budgeting, forecasting, financial analysis, policy development,
payroll, purchasing, warehousing, information systems and administrative
functions. As gold prices plummeted, the organization relied on me for
optimization of the financial evaluations of the operation and capital
investments.
. Upon the decision to close the operations, I played a significant role in
planning and managing mine closure to successfully maximize cash and sale
of assets. This included severance calculations, asset disposal and
inventory reduction programs while supporting the ongoing operations
during its final months.
BLACK HAWK MINING, Lynn Lake, MB 1995 - 2000
Gold mine with 120 employees and $40-50M in annual sales.
Administration Superintendent
I directed a 9 member team in accounting, payroll, information systems,
purchasing, warehousing, human resources, and gold transportation and
security functions. Major accountability included financial reporting,
variance analysis, taxes, asset management, risk management and policy
development. In working with senior managers, I identified major cost
reductions that impacted the company by $12 million annually. Through
creative controlled financial models, we continued to identify
opportunities for continuous improvements. Human Resource functions
included policy developed and standard procedures. I also was part of a
team that negotiated the employee association agreements.
. Provided administrative leadership throughout the complete lifecycle of
this mining pit, from opening to final closure. This included the setup
of a new mining pit, including land lease negotiations with the Town,
purchasing of building facility and mining/office equipment, hiring of
staff, and implementation of accounting, information systems, insurance,
group benefits, Workers Compensation and all government reporting.
. Represented the company on the Manitoba Mining Association and the
Provincial Tax Committee. While on the latter, secured significant tax
breaks for the mining industry in Manitoba through lobbying activities.
This included a 7% tax break on processing raw material supplies (7-
figure annual savings to the company).
. Reduced manpower costs by 33% by streamlining processes in the
administration areas leading to increase efficiency.
. Negotiated/implemented supply agreements and activity-based costing
systems, which resulted in significant cost savings (e.g. 50% reduction
in cost of blasting alone).
INCO LIMITED, Thompson, MB. 1991 -1995
Canada's largest nickel mining and processing company with 2,000+ employees
with annual revenues of $350 - $400 m.
Buyer Analyst (1994- 95) / Accounting Supervisor (1992-94) / Cost Analyst
(1991-92)
I Supervised 20 employees in cost accounting, budgeting, cash flow
forecasting, tax accounting, production reporting, accounts payable,
payroll, insurance, cashier and support functions. Other functions included
annual and 5-year budget reviews, prepared and presented monthly cost
reports to senior executives.
. Led an inventory reduction program that resulted in a 32% reduction of
official inventory (from $25M to $17M), as well as associated warehousing
and manpower costs. In addition, significantly reduced hoarding of stock
throughout the organization by setting up supply agreements with vendors
and implementing a stockless, order-on-demand, just-in-time delivery
system, featuring same-day delivery directly to users.
. Served on Year 2000 Team, overseeing tendering, design and implementation
of a new integrated ERP, maintenance, and a financial information system.
. Provided financial support to a $200M mine expansion. Analyzed return on
investment, discounted cash flows and paybacks. Monitored and controlled
capital reporting.
EDUCATION
Certified Management Accountant Designation, Society of Management
Accountants of Manitoba 1996
Canadian Securities Course 1985
Business Administration, Thunder Bay, ON 1980