D. ERIC SHELLY, CPA
Newton, Kansas 67114
*******@***.***
D. Eric Shelly on LinkedIn
QUALIFICATIONS SUMMARY
Senior Finance Executive with extensive experience in financial and information technology
management in manufacturing, financial, and service industries. Strong leadership skills
i n managing large multi-layered groups. Well versed in financial and managerial
accounting, working with board of directors and owners to maximize enterprise value.
Successful at reducing costs through process improvement, automation and staff
optimization. Primary business leadership talents include:
Business Turnaround
P &L Leadership
Leadership Focus on Communicating Results & Driving Performance
Profitability Analysis & Reporting
GAAP, SEC, & Regulatory Accounting
System Implementation & In tegration
Data Center Management
Project & Change Control Mana gement
PROFESSIONAL EXPERIENCE
LONE STAR BUSINESS SOLUTIONS, Wichita, KS 2010 to Present
Provides centralized accounting and information technology services for three corporate
locations and 185 geographically distributed steakhouse restaurants. Services provided
i ncluded cash collection, consolidation, & disbursement; revenue reporting; payroll &
h uman resources; period-end financial reporting; server operation; enterprise application
management; and data & voice infrastructure.
D irector of Finance & Information Technology
Responsible for strategic leadership of enterprise Finance (seven direct reports and total
s taff of 30) and Information Technology (three direct reports and total staff of 16)
departments. Report directly to COO with dotted line reporting to concept executive
leadership.
Eliminated project backlog by formalizing project management processes and reinstating
a change control system for Information Technology department.
Lead Business Intelligence Tool implementation which integrate d three separate data
s treams into a single data warehouse and placed the information on end user desktop.
Reduced labor by 27% by redesigning processes and completing staff rationalization and
role definition.
Cut $750,000 of capital spending by out sourcing IT Data Center. operating costs fixed at
current levels for three years while adding business continuity and disaster recovery
f unctionality.
ACCENTURE, Wichita, KS 2007 to 2010
Global back-office outsourcer; providing commoditized accounting services to Fortune 500
companies. Wichita Service Delivery Center is in process of closure; consolidating with
other existing Accenture domestic and foreign delivery centers.
Director
Managed four client service delivery groups, each lead by a client controller and supported
by staff accountants and clerks. Managed client relationships over life of each client
contract. Conducted regular reviews of service delivery with client and monitored processes
to ensure all contractual obligations were met. Client portfolio included the three
referenceable clients in the Wichita Center portfolio, one of which was classified as a
D iamond Level client.
Reduced service staff by 20% and decreased closin g t ime by 30% while exceeding client
expectations.
Completed process documentation and review utilizing Six Sigma management tools,
resulting in a 75% reduction in errors.
Provided technical GAAP leadership for a multi-entity (30 ledgers); multi-cur rency (8
reporting and 32 t ransactional); multi-level consolidated financial reporting project that
eliminated manual off-line reporting tools and reduced closing cycle from 10 to 7 days.
OPTIMA BUS CORPORATION, Park City, KS 2004 to 2007
Manufacturer of mass t ransit buses and vintage t rolley’ s owned by venture capital fi rm.
Acquired by multi-national mass t ransit bus manufacturer; operations consolidated with
U.S. operations in Central Alabama.
Controller
Responsible for all aspects of accounting including financial and cost accounting. Delivered
i nternal and external reporting on a monthly basis, including quarterly lending compliance.
Became senior financial leader for Park City operations when acquired.
Provided financial leadership for a stru ggling enterprise, resulting 300% increase in
enterprise sales price.
Drove company performance improvement by developing metrics to monitor direct labor
u tilization.
Developed cash forecasting tool that was integrated with production scheduling, bi lling
system and accounts payable. Ini tiative accounted for improvements in production and sales
and provided what-if analysis.
CGF I NDUSTRIES, INC., Wichita, KS 1998 to 2003
Third generation family-owned holding company with operating and investment interests in
manufacturing, technology, and extended stay hotels. Member of executive leadership
g roup; working with Board of Directors, external legal counsel and audit fi rm.
Operating Division President (2003)
Assumed management of VizWorx, a financially struggling commercial photo developing
operation with objective of returning the division to profitabili ty.
Led migration from legacy business model to next generation technology. Project
i ncluded market analysis and competitive research necessary to r eposition product offering.
Grew annual cash f low $750,000 by focusing on sales (18% period over period sales
g rowth) and controlling costs.
Saved $225,000 annually in direct labor and materials by introducing a production bonus
p lan.
Director of Corporate Development (1999 to 2002)
Completed four acquisitions and a divestiture that produced a 20% increase in EBITDA.
Responsibili ties included target identification, analysis & negotiation; legal & finance;
i ntegration and ongoing evaluation & monitoring.
Improved gross margin 10% after performing product and customer profitability
analysis. Project eliminated unprofitable customers and developed new products.
Raised capital for M &A t ransactions including senior bank, secured asset lending, and
owner carryback & earnout.
Assistant Controller (1998)
Participated in selection of new ERP application and lead implementation. Responsible for
monthly close \consolidation of holding company and four operating subsidiaries. Provided
Controller function to smaller operating subsidiaries.
KOCH I NDUSTRIES, INC., Wichita, KS 1997 to 1998
One of the largest private companies in the world with diverse operations in energy,
m inerals, forestry, and capital markets.
Controller, IT Support Capability (1998)
Responsible for financial accounting of In ternal IT Support Capability ($42M in internal
b illings) and consolidated reporting of IT capability across all Koch IT Operations ($525M).
Accountant, Financial Accounting & Consolidations (1997)
Responsible for Koch Industries Holding Company ledger. Duties included issuance of
equity, collection of stock loans, management of liability reserves, commercial paper,
monthly consolidated Profit & Loss reporting and participation in annual financial audit.
FOURTH FINANCIAL CORPORATION, Wichita, KS 1993 to 1997
L argest multi-state bank holding company headquartered in Kansas; publically t raded.
Bank acquired by Bank of America in 1995.
Manager, Budget &Planning (1996-1997)
Responsible for preparation of annual budget, monthly budget to actual analysis, and
quarterly forecasting. Managed budget process for two annual cycles during which time the
banks business model experienced dramatic change as the result of acquisition.
SEC Reporting, Mergers & Acquisitions (1993-1995)
Responsible for the financial reporting of fifteen cash & equity acquisitions completed
d uring tenure. Reviewed M &A contracts for accounting implications; prepared all SEC
reporting associated with issuance of new equity; managed the integration of acquired
holding company general ledger; and provided reporting for SEC periodic reporting.
EDUCATION and CERTIFICATION
Kansas CPA Certificate \ L icense
Public Accounting Experience; G rant Thornton L LP
Bachelors of Business Ar ts, Accounting; The Wichita State University, Wichita, KS
EARLY EMPLOYMENT EXPERIENCE
Ten years of manufacturing experience prior to t ransition to field of finance in January of
1991. Roles include job scheduling, staffing, raw material procurement, vendor
management & negotiation, and equipment selection. Led a number of major capital
acquisitions and plant expansions projects.