Douglas D. Frankey, CPA

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** ********** ******** . *********, ***** Carolina 28803

828-***-**** . 828-***-**** . abguyt@r.postjobfree.com

Executive Financial Manager / Senior Accountant

Executive financial manager and senior accountant with 20+ years

experience. Expertise in operations management, financial operations, and

medical supply and hotel industries. Proven ability to reduce costs, to

direct HR functions, and to manage cash flow successfully. Demonstrated

skill in forecasting and budgeting, contract negotiations, and payroll

management.

Budget Preparation . Contract Negotiations . Corporate Communications .

Expense Control . Financial Analysis

Financial Consulting . Financial Management . Forecasting . Human Resources

. Inventory Control

Labor Relations . Loss / Prevention Control . Office Administration . P&L

Responsibility

Policy / Procedure Development . Process Improvement . Proofreading . Risk

Management . Tax Law [pic]

Career Achievements

> Reduced inventory, facility, and overhead expenses dramatically.

> Reduced labor costs by combining 2 medical companies into 1 location.

> Implemented 401(k) program for employees.

> Managed cash flow at North American Roofing System, Inc. and a related

national start-up company without capital infusion.

> Brought payroll in-house from outside vendor for more accurate and

easier job costing.

> Reduced fees of outside accounting firm by more than 300%.

> Negotiated nationwide contract with large retail chain, increasing

annual revenue by over 150%.

> Reduced taxable payroll by approximately 20% to greatly reduce workers

compensation insurance as well as payroll taxes while significantly

improving cash flow.

> Managed all functions through growth from $25 to $90 million annually

without significantly increasing departmental costs.

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Professional Experience

Hulsing Companies (DBA Reliable Medical Supply, Rest Assured Sleep, Inc.,

and Hulsing Hotels, Inc. 2009 - Present.

Chief Financial Officer

. Serve as CFO for company locations in Asheville, North Carolina;

Tennessee; and Kansas.

. Oversee accounting / finance department for medical companies.

. Provide consulting services for finance operations of hotels.

. Direct day-to-day operations and supervise 45 employees.

. Manage P&L and HR functions.

. Negotiate loan commitments.

Selected Accomplishments

> Reduced inventory, facility, and overhead expenses dramatically.

> Reduced labor costs by combining 2 medical companies into 1

location.

North American Roofing Services, Inc. A private-label roofing manufacturer.

Asheville, North Carolina. 1997 - 2009.

Chief Financial Officer

. Oversaw all accounting, finance, and human resource functions.

. Reviewed and distributed monthly financial statements to

shareholders.

. Maintained existing and developed new banking relationships.

. Negotiated loan commitments.

. Reviewed all AIA on customer contracts.

. Secured all property and casualty insurance coverage, including

worker's compensation, general liability, vehicle, property

umbrella, and related coverage including bonding requirements.

. Secured and negotiated health insurance contracts and all other

benefit.

. Communicated with owners / shareholders about business conditions

regularly.

. Handled all legal communications and settlements.

. Reviewed and negotiated contracts and warranties with customers and

vendors.

. Coordinated year-end audit with outside accounting firm.

. Directed all aspects of financial forecasting and budgeting.

Selected Accomplishments

> Implemented 401(k) program for employees.

> Developed and maintained successful banking relationships.

> Managed cash flow at North American Roofing System, Inc. and a

related national start-up company without capital infusion.

> Brought payroll in-house from outside vendor for more accurate

and easier job costing.

> Reduced fees of outside accounting firm by more than 300%.

> Negotiated nationwide contract with large retail chain,

increasing annual revenue by over 150%.

> Reduced taxable payroll by approximately 20% to greatly reduce

workers compensation insurance as well as payroll taxes while

significantly improving cash flow.

> Managed all functions through growth from $25 to $90 million

annually without significantly increasing departmental costs.

Camden Homes, Inc. Cincinnati, Ohio. 1995 - 1997.

Chief Operating Officer

. Prepared monthly financial statements.

. Maintained daily banking relationships.

. Communicated with outside auditors.

. Managed cash flow for entire business.

. Prepared home budgets for construction loans and negotiated

construction loans with bank.

. Handled all land and home closings, and created all legal

communications.

. Handled several peripheral corporations and partnerships for the

owner.

Selected Accomplishments

> Renegotiated real estate development loan to infuse cash into

business without additional security.

> Sold rental properties to raise operating cash.

> Collected on 2nd mortgages held by the company which were well

beyond terms.

> Significantly reduced inventory of real estate and market homes

which dramatically changed and enhanced operating philosophy

while reducing interest expense and generating cash.

> Installed monthly system for proper revenue recognition on

percentage of completion contracts.

Aerobraze Corporation. Cincinnati, Ohio. 1991 - 1995.

Chief Financial Officer

Becker CPA Review Course. Cincinnati, Ohio. 1990 - 1997.

Instructor

Aztec Industries. Cincinnati, Ohio. 1987 - 1991.

Controller

Newman & Link, CPAs. 1986 - 1987.

Staff Accountant

Cincinnati Firefighters Federal Credit Union. 1985 - 1986.

Loan Department Supervisor

Bank One. Middletown, Ohio. 1983 - 1985.

Bank Manager

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Education and Professional Licenses

Certified Public Accountant (CPA). Passed exam on first attempt.

Master's of Accountancy. Western Carolina University. Cullowhee, North

Carolina. Expected 2013.

B.S.B.A. in Finance. Xavier University. Cincinnati, Ohio.

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