Sales Accounting

Robert M. Downey

*** ********, ****, ********, ** 65682, 417-***-****, cell 417-***-****

Substantial Experience in Several Manufacturing Environments

Controller, Director of Finance, Director of Accounting, in various

industries, i.e. high tech electronics manufacturing, transportation

(trucking company), and sales organization.

Career Review - Highlights:

CFO/Controller

New Rising Fenix - Mt. Vernon, Missouri

06/08 - 07/09

A $15+ million regional trucking and transportation Company operating 55

trucks with 3 owner/operator trucks contracted. Company transports

refrigerated vegetables and fruit from West Coast to Midwest and various

other loads from Midwest to West Coast and North West.

. Supervise 3 in A/R, A/P, Billing, and Payroll

. Strong cash management

. Assist with long term planning and ongoing management decisions

Key Accomplishments:

< Clean up bookkeeping and records

< Establish integrity in payroll and A/P

< Manage cash and set goals to profitability

Controller

Fasco - A Division of Regal Beloit - Cassville, Missouri

04/06 - 06/08

A $125 million manufacturer of small electrical motors and blowers

supporting the HVAC market.

. Supervise 6 in Payroll, Cost Accounting, General Ledger, A/P and A/R

. Responsibility for physical inventory, bills of material, bills of

operation (Plant includes 20 major departments, approximately 170,000

square feet; punch press, brake press, casting, etc.)

Key Accomplishments:

< Complete and Pass Sarbanes-Oxley audit interface

< Complete due diligence for Regal Beloit purchase - 2007

< Modify and improve annual budgeting process, forecasting

process, and monthly financial statement preparation

including variance to plan and variance to forecast

< Begin training and development of existing staff

Director of Accounting 12/02

- 04/06

Cardservice International - A Division of First Data Corporation -

Moorpark, California

A $225 million sales organization, a subsidiary of First Data Corporation,

processing merchant credit card transactions.

. Supervise 18 (with two section supervisors over 6 and 4 respectively)

in specialized credit card settlement accounting for a $225 million

sales organization

. Monthly close the books and prepare financial statements

. Analysis of variance to plan and variance to forecast

. Quarterly review of balance sheet accounts and identify off balance

sheet risks and opportunities

. Managed/implemented Sarbanes-Oxley procedures; process maps,

narratives, risks and controls

Key Accomplishments:

< Built a competent accounting staff and documented and

improved the accounting processes

< Improved the month end close cycle timing and implemented a

new monthly Balance Sheet Account review process utilizing

peer reviews

< Delegated more responsibility to individual staff

accountants; implemented daily posting and ongoing account

reconciliations

< Continued participation in training and development of

staff

Robert M. Downey - page 2

Controller

12/01 - 12/02

LinkPoint International - A Division of First Data Corporation - Moorpark,

California

A $25 million manufacturer of point of service credit card "swiping"

terminals and operation of a credit card processing "gateway" (50,000

merchants' transactions, approximately 3 million monthly transactions).

. Supervise 1 in establishing a separate business entity from the parent

. Implement impartial cost analysis and pricing structure

. Define the process in both warehouse distribution and financial

discipline procedures

Key Accomplishments:

< Review and improve inventory control process for

manufacturing (repackaging) group

< Review, audit, and improve processing of third party repair

and refurbishment of card swiping terminals

< Gather, assimilate, and analyze credit card processing

software "engine" contract with third party; reconcile

billing and payments for prior years leading to favorable

resolution of several hundred thousand dollars in disputed

fees

Director of Finance & Administration

03/00 - 12/01

Jade Products Company - A Division of Maytag - Commerce, California

A $25 million manufacturer of ranges, cook tops, and ovens in a complete

fabrication and assembly production operation.

. Supervise 7 in A/R, A/P, General Accounting, Payroll, Cost Accounting,

Information Technology and Receptionist

. Establish and maintain integrity in the general ledger, profit and

loss statement, and balance sheet

. Redirect and correct various processes and systems

. Establish standard cost and inventory control systems

. Participate and assist the Leadership Team in management and control

of the division

. Software conversion from SBS (Unix based system) to PRMS (running on

remote AS 400)

Key Accomplishments:

< Create month end closing process; hire and train competent

staff and cross train duties

< Implement a temporary financial statement procedure

utilizing QuickBooks to enter a final trial balance, then

enter journal entries and produce financial statements in a

stable environment

< Spearhead the conversion to PRMS (remote AS 400) software

and get financials into a totally integrated and stable

software; implementation team from South Carolina at a

sister plant

< Identify and quantify third party billing errors in sub-

contract for production of stainless steel bar-b-ques;

drive re-negotiation of contract with vendor

< Identify loophole in raw material ordering process which

was ordering large quantities of 304 stainless steel that

were not needed - ultimately reducing inventory by over

$300k

Education:

Los Angeles Valley College - Van Nuys, California - A. A. Degree (Liberal

Arts)

California State University, Northridge - Northridge, California - B.S.

Degree

(Business Administration Accounting Option)

Military Service:

United States Marine Corps - Corporal (E-4) Honorable Discharge

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