Management Sales
Resume:
Wednesday F. Smith, CPA (Inactive)
***********@*********.***
SUMMARY
Financial executive providing leadership for all accounting, finance and
treasury functions. Directs financial planning & analysis. Establishes
the treasury, tax, risk management models and capital structure. Strong
cost and construction accounting background. Background in private equity
companies with solid experience reporting to board of directors.
Experience with acquisitions, mergers and divestitures. Extremely detail-
oriented.
PROFESSIONAL EXPERIENCE
Knox Nelson Oil Company, Inc. /Circle N Stores, Inc.,
2001-Present
$125M Petroleum Products Distributor, Transportation Company, Retail
Convenience Store Chain, Lubrication Systems Manufacturer
Chief Financial Officer
. Performed due diligence for the acquisition of three lubricants
distributors which almost tripled the annual gallons distributed.
Actual performance of the acquisitions exceeded projections by
approximately 25%.
. Implemented the addition of a transportation company with common
carrier status, thereby increasing Knox Nelson Oil's monthly gross
profit by 20%. Passed DOT entrance audit with no action items.
. Completed the certification process for Knox Nelson as a registered
blender for ethanol, biodiesel, and agri biodiesel.
. Converted operating and accounting software from Advanced Energy
Systems to MAS90 for two $100million companies.
. Completed 2 seamless upgrades from MAS90 version 3.41 to MAS200 version
3.71, and recently to version 4.3.
. Reduced workers compensation claims by 99% by developing an injury
prevention and awareness program.
. Implemented a cycle counting schedule for the convenience store
division, reducing inventory variances by 70%.
. Develop annual operating standards and budgets.
. Review, analyze, and approve capital expenditures.
. Analyze and report cost variances.
. Analyze cost categories, cost drivers, and cost trends.
. Approve monthly financial statements and supporting schedules.
. Monitor and control accounting systems: A/R, A/P, Payroll,
Fixed Assets, Sales, Job-Costing.
. Cash flow forecasting.
. Determine staffing levels and develop subsequent capital and
expense budgets.
. Provide employees with career guidance.
. Develop employees through formal and informal training.
. Develop employee performance standards and evaluate employee
performance based on those standards.
. Develop and monitor strategic plans.
. Maintain relationships with bankers and suppliers.
. Assist operations management in planning, controlling, and analyzing
the business activity to achieve a satisfactory return on investment.
. Work with operations management to improve the joint interpretation of
financial indicators and statements.
. Review and report key performance measures to management.
. Work with various groups and functions to facilitate
continuous process improvements.
. Establish and monitor performance measures to manage
services, efficiency, and internal controls.
. Negotiate annual contracts for health insurance and property
and casualty insurance.
. Ensure compliance with DOT and OSHA regulations.
Midcoast-Little Rock, Inc. 1999-
2001
$100M Manufacturer of Aircraft Interiors. Aircraft
Completion/Refurbishment Center.
Director of Finance
. Develop annual operating standards and budgets.
. Review, analyze, and approve capital expenditures.
. Analyze and report cost variances.
. Analyze cost categories, cost drivers, and cost trends.
. Approve monthly financial statements and supporting
schedules.
. Monitor and control accounting systems: A/R, A/P, Payroll,
Fixed Assets, Sales, Job Costing.
. Determine staffing levels and develop subsequent capital and
expense budgets.
. Provide employees with career guidance.
. Develop employees through formal and informal training.
. Develop employee performance standards and evaluate employee
performance based on those standards.
. Develop and monitor strategic plans.
. Assist operations management in planning, controlling, and analyzing
the business activity to achieve a satisfactory return on investment.
. Work with operations management to improve the joint
interpretation of financial indicators and statements.
. Review and report key performance measures to management.
. Work with various groups and functions to facilitate
continuous process improvements.
. Establish and monitor performance measures to management
services, efficiency, and internal controls.
Georgia-Pacific Corporation 1994-1999
Fortune 500 Wood Products Manufacturer
Plant Controller 1997-1999
. Develop annual operating standards and budgets.
. Review, analyze, and approve capital expenditures.
. Analyze capital vs. expense classifications.
. Analyze and report cost variances.
. Analyze cost categories, cost drivers, and cost trends.
. Prepare and submit financial accounting information to the
Financial Reporting Department.
. Prepare monthly financial statements and supporting
schedules.
. Monitor and control accounting systems: A/R, A/P, Payroll,
Fixed Assets, Sales.
. Determine staffing levels and develop subsequent capital and
expense budgets.
. Provide employees with career guidance.
. Develop employees through formal and informal training.
. Develop employee performance standards and evaluate employee
performance based on those standards.
. Develop and monitor strategic plans.
. Assist operations management in planning, controlling, and analyzing
the business activity to achieve a satisfactory return on investment.
. Work with management to improve the joint interpretation of
financial indicators and statements.
. Review and report key performance measures to management.
. Work with various groups and functions to facilitate continuous process
improvement.
. Establish and monitor performance measures to manage services,
efficiency, and internal controls
Senior Accountant 1994-1997
. Provide accounting support for 13 sawmills.
. Develop annual standards.
. Complete monthly closing process.
. Prepare and analyze product cost and process cost statements.
. Analyze cost categories, cost drives, and cost trends.
Report cost variances.
. Research and prepare financial justification for AFE's
(authorization for expenditures).
. Review and analyze capital expenditures. Analyze capital vs.
expense classifications.
. Review and report general ledger and statistical information for
internal monthly reports.
. Review and report key performance measures to management.
. Provide analyses to management, including cost analyses, asset
performance analyses, and variance analyses on key budget/performance
data.
. Work with management to improve the joint interpretation of
financial indicators and statements.
. Establish and monitor performance measures to manage
services, efficiency, and internal controls.
. Work with various groups and functions to facilitate
continuous process improvement.
Education University of Arkansas, Monticello
Bachelor of Science, Accounting, GPA 3.68
Certified Public Accountant, Inactive Status
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