Accounting Management

LAWRENCE H. MANION, CMA

***** ******** ***** ****

Cincinnati, OH 45249-1653

*******@****.***

Residence 513-***-**** Cell 513-***-****

PROFESSIONAL SUMMARY

Solutions-focused Financial Executive. Proven track record as a full

business partner with the vision, experience and business acumen to

formulate cost-effective strategies, maximize resources and increase

profits in rapidly changing and highly competitive domestic and

international markets. Specifically adept in the following areas:

Management Skills Finance Skills Leadership Skills

Shared Service Center Financial Collaborative Inquiring

Reporting/Analysis

Process Improvement Sarbanes-Oxley SME Customer Satisfaction

Focus

Project Management ERP System Conversion Coaching/Mentoring

Six Sigma Methodology Treasury Operations Problem Solving

PROFESSIONAL EXPERIENCE

GLOBAL RESOURCES, INC. (Northbrook, Illinois) 2011 - Present

$170 million full-service business development and general management

consulting firm.

Senior Business Consultant/Turnaround Specialist

Utilize the Theory of Constraints and other sales, operations and financial

management tools to provide small and medium-size privately-held businesses

with the skills necessary to maintain positive cash flow, control costs and

accelerate profitable growth.

ARISTECH ACRYLICS LLC (Florence, Kentucky) 2009 - 2010

$100 million manufacturer of acrylic & polyester sheet with 230 employees.

Corporate Controller/Director of Finance

Led the execution of financial and accounting operations including

purchasing, accounts payable, regulatory/tax reporting, bank relations,

external/bank audits, billing, credit and collections, IT, and

payroll/benefits.

. Secured $35M in new financing with better interest rate, only one loan

covenant, improved loan availability and overall lower fees.

. Identified sources of unaccounted for variances, updated bill of

materials and process routers, and created new variance reporting thereby

improving both product and customer profitability analyses.

. Provided financial models of new products and new customers, enabling

optimization of customer supply agreements.

CINCINNATI BELL INC. (Cincinnati, Ohio) 2005 - 2009

$1.3 billion voice, data and equipment communications and video

entertainment service provider serving the Greater Cincinnati tri-state

area.

Senior Director, Service Management & Governance (2008-2009)

Responsible for performance improvement and contract negotiation/compliance

of annual $300M external service providers spend.

. Negotiated outsourcing agreements and established service levels with

Convergys, Keane Worldzen, Startek, and NCO Group for IT, accounting,

contact center and credit & collections operations respectively saving

the company approximately $40 million.

. Built financial models, including NPV and IRR of DCF projections, EPS

impact, and pro forma projections for the above noted outsourcing

projects, construction fiber build out and other projects.

Division Controller/Managing Director - Cincinnati Bell Telephone Company

(2005-2008)

Provided financial and corporate accounting leadership by managing a team

of 26 professional and 10 clerical, along with 17 external service

providers. Managed Shared Service Center for procure-to-pay, remittance

processing, billing, payroll/compensation plans, revenue accounting,

general/regulatory accounting, & IT for seven legal entities. Coordinated

annual business plan, forecasting, capital budget, working capital

improvement, and business transformations. Developed, modified and

implemented standard financial practices and internal controls, improvement

projects, expense reduction analysis, and KPI's.

. Performed due diligence, secured contractual agreement, established

general ledger and integrated operations for the acquisition of City of

Lebanon cable and telecommunications operations for $8.6 million.

. Implemented automated employee expense reporting improving process

controls and instituted purchasing card/rebate program with PNC Bank.

. Acquired Ascent software to scan all invoices, purchase orders,

contracts, and journals by legal entity allowing on-line approvals and

processing of accounts payable and other tasks offshore.

. Reduced department expense by $1 million annually through process

improvements/automation, and by outsourcing to Keane Worldzen, Delhi,

India, eliminating 18 clerical positions.

. Discovered $21 million regulatory reporting irregularity from 1998 to

2005 and with the assistance of legal counsel was able to avoid penalty

and interest and settle with the FCC for $11 million.

XPERIANZ LLC/RESOURCES GLOBAL PROFESSIONALS (Cincinnati, Ohio) 2004 -

2005

Consultant

Sarbanes-Oxley implementation leader and process development manager.

. Integral part of team that was able to successfully remediate nine

material weaknesses from General Cable's initial SOX compliance effort

and presented findings to management.

. Author of the General Cable Compliance & Controls Audit Manual detailing

SOX design, documentation, testing and remediation of internal controls

and compliance.

NS GROUP, INC. (Newport, Kentucky) 2000 - 2004

$500 million mini-mill manufacturer of welded/seamless steel pipe with

1,400 employees.

Division Controller (Senior Financial Officer) - Newport Steel Corporation

Responsible for all accounting, financial and administrative activities and

assisted NS Group corporate with all SEC reporting.

. Instrumental in restructuring operations and reducing fixed operating

costs by $12 million annually.

. Directed the implementation of Material Tracking & Control,

Process/Routings and Cost Accounting modules of Axiom ERP solution, which

eliminated $200,000 annual cost of IBM mainframe.

. Managed Sarbanes-Oxley Section 404 documentation, testing, and compliance

review of all control cycles and assisted in developing (23) corporate

policies & procedures over an 18-month period.

. Re-engineered core accounting processes and reduced staff by 35% saving

$250K annually, while simultaneously improving productivity and morale.

RM WASTE ENTERPRISES LLC (Cincinnati, Ohio) 1999 - 2000

$10 million industrial and commercial waste management company.

Interim Controller

Responsible for all accounting and financial activities of four operating

companies.

. Negotiated acquisition, performed due diligence, secured financing, and

closed transaction with no cash outlay for two out of state companies

with revenue of $3 million.

. Implemented ACH cash concentration system and championed the merits of

EFT to employees and customers, which improved cash flow and reduced

borrowing by $75,000 per month.

SENCO PRODUCTS, INC. (Cincinnati, Ohio) 1994 - 1999

$300 million manufacturer of pneumatic tools and fasteners.

Director, International Business Processes & Financial Systems

Directed the preparation of international financial and operational

reports, managed credit and collections in 60 countries, determined

financial sources/policies and provided cost accounting for 12 foreign

subs.

. Led project that centralized and streamlined European operations and

increased US earnings $300,000 and reduced effective income tax rate in

Europe to zero for ten years.

. Established a Rep Office in Moscow that increased revenue and gross

profit $1 million and $400,000 respectively one year ahead of plan in the

Russian Federation.

. Participated in negotiating a manufacturing licensing agreement in

Shantou, China that generated a royalty of $10,000 and export sales of

$250,000 during the first year.

. Prepared business plan, secured Board approval and established a joint

venture in Medellin, Colombia, which contributed to an immediate 35%

increase in sales in South America.

VIVALDI, INC. (Cincinnati, Ohio) 1991 - 1994

$3.5 million designer and wholesale distributor of Italian men's apparel.

Controller

Conducted all financial operations including reporting, general and cost

accounting, budget preparation and compliance, treasury, bank relations,

credit and collections, internal controls and MIS.

. Directed conversion from manual to client/server network and fully

integrated AccPac/ApparelPac software three months ahead of schedule,

which improved all management and production reporting.

QUANTUM CHEMICAL CORPORATION (fka Enron Chemical Corp.) 1980 - 1991

SIGNATURE POLYMERS DIVISION, Cincinnati, Ohio (1989-1991)

$150 million marketer and value added reseller of secondary plastic resins.

Controller

PERFORMANCE FILMS DIVISION, Streamwood, Illinois (1985-1989)

$60 million manufacturer and marketer of clear and metalized polypropylene

film.

Director of Finance and Administration

ENRON LIQUID FUELS COMPANY, Omaha, Nebraska (1980-1985)

$4.2 billion leader in natural gas and liquids processing, transportation

and marketing.

Director of Finance, Administration and Regulatory Accounting

EDUCATION

MBA Finance - Wayne State University (Detroit, Michigan)

BBA Accounting - University of Detroit - Magna cum Laude

PeopleSoft Enterprise Solution; JD Edwards World v7.3; Great Plains v8.0;

Hyperion; Essbase; Axiom ERP Solution; Microsoft Office Suite; Lotus Notes;

Six Sigma Yellow Belt; Philip Crosby Quality Management College

COMMUNITY ACTIVITIES

United Way, Omaha - Loaned Executive of the Year

Taft High School, Cincinnati - Sponsor Summer Intern Program

Brittany Chase Homeowners Association, Cincinnati - Treasurer

Compassion International, Colorado Springs - Sponsor Chandni Kailash

Montgomery Community Church, Cincinnati - Various Ministries

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