Kenneth A. Young

*** ********** **, *********, ** 60030

Cell: 847-***-****

E-Mail: abhca5@r.postjobfree.com

LinkedIn: www.linkedin.com/pub/ken-young/14/290/438/

EXECUTIVE SUMMARY[pic]

. Corporate accounting and finance executive with proven cash flow

improvement results by effectively managing working capital and

turnaround implementation experience.

. Twenty plus years experience in corporate accounting, financial

statement preparation, analysis and reporting, budgeting, financial

planning, cash management, treasury services, risk management and

human resources across broad business environments including

distribution, service, manufacturing and retail.

. Proven track record of recognizing cost saving opportunities and

implementing changes to realize the savings.

. Consistent career advancement evidenced by four promotions into

increased roles of responsibility over twelve years while with

Masco Corporation.

PROFESSIONAL EXPERIENCE AND ACCOMPLISHMENTS

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The Faucet Queens, Inc., Vernon Hills, IL

2004 - 2014

$20MM distributer/manufacturer of consumer goods

CFO & VP - Finance (2009 - 2014)

. Aggressively managed accounts receivable, accounts payable and

inventory accounts resulting in net positive cash flow increase of

$704,000.

. Lead point of contact during the due diligence process of two

company sales and one company acquisition.

. Successfully challenged three Proposition 65 lawsuits saving the

company $100,000.

. Negotiated facility lease renewal saving the company $154,500; 28%

reduction from original lease.

. Calculate monthly, quarterly and annual certificates including

borrowing base, quarterly compliance and excess cash flow

certificates as required by the company's credit agreement.

. Oversee the company's annual year-end audit process with external

auditing firm.

. Developed a product pricing system which provides sales personnel

with customer specific financial information used to negotiate

customer contracts to maximize profitability.

. Supervise Accounts Receivable, Accounts Payable, IT and Human

Resource departments.

VP - Finance (2004 - 2009)

Compiled, prepared and analyzed monthly financial

statements. Created annual operating budgets including monthly income,

cash flow and balance sheet statements.

. Oversaw Sarbanes-Oxley documentation process and received a clean

review by both PriceWaterhouse Coopers and Masco Internal Audit.

. Implemented an employee life insurance program without increasing

the company's insurance expense.

. Reviewed the company's general and worker's compensation insurance

policies in 2007 and implemented change to save the company

$100,000 annually.

Masco Corporation

1992 - 2004

Masco Retail Sales Support, Inc., Mooresville, NC

Sales service division of Masco Corporation servicing Lowe's Home

Improvement stores

Controller (2001 - 2004)

. Prepared and consolidated monthly financial statements of the

service side and distribution portion of the division and reported

results to Masco Corporation headquarters.

. Implemented cost saving strategies resulting in 2002 actual

operating expenses to be $1.9 million below budget.

. Developed and implemented the financial reporting systems to

provide departmental profit and loss results.

. Negotiated the purchase of a new 24,000 square foot

office/warehouse facility. Oversaw the entire project from

building location, design, construction and relocation.

Instrumental in the decision process to buy versus leasing an

office facility, which generated positive cash flows over the life

of the building.

Kenneth A. Young

235 Litchfield Ct, Grayslake, IL 60030

Cell: 847-***-****

E-Mail: abhca5@r.postjobfree.com

LinkedIn: www.linkedin.com/pub/ken-young/14/290/438/

Outlet Corporation, Taylor, MI

$10MM division of Masco Corporation operating 16 retail stores across the

United States

Controller (1997 - 2001)

. Complete responsibility for the financial, human resource and property

management activities for a group of 16 stores operating in retail

outlet malls nationwide.

. Managed inventory levels to maximize GMROI.

. Negotiated lease buy-outs on poor performing stores.

. Developed a quarterly performance evaluation for the store management

personnel based on comp store sales, payroll management and inventory

levels; resulting in 12 out of 16 stores improving in all three areas

in the first quarter of implementation.

. Modified the existing inventory system to allow the ability to track

the sales of current inventory and discontinued inventory by category

and supplier.

. As requested by Executive Masco Corporation Management, created and

implemented a Corporation liquidation strategy. Completed the

liquidation process $50,000 below budget.

Marvel Group, Inc., Chicago, IL

$35MM office furniture manufacturer; division of Masco Corporation

Controller (1995 - 1997)

. Prepared monthly financial statements and forecasts which, included

sales, operating profit, cash flow, accounts receivables, inventory

and capital expenditures.

. Worked in conjunction with sales, marketing, logistics and

manufacturing to develop and create the annual operating budget.

. Managed accounts receivable and accounts payable departments.

. Reorganized the accounts payable department saving $30,000 annually.

. Implemented new cycle counting procedures that increased overall

inventory accuracy from 80% to 95%.

. Reduced month end and year end closing cycles by 4 and 10 days,

respectively.

Assistant Controller (1994 - 1995)

. Maintained a fixed asset database consisting of 2,700 assets.

. Reconciled accounts receivable and accounts payable subsidiary ledgers

to the financial statements.

. Implemented an on-line billing program that reduced accounts

receivable days outstanding.

Masco Corporation, Taylor, MI

$10B home improvement products manufacturer

Staff Accountant (1992 - 1994)

. Provided Executive Management at Masco with financial analytical

spreadsheets.

. Traveled to multiple Masco Divisions to assist Management with various

accounting projects.

EDUCATION AND PROFESSIONAL TRAINING

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Walsh College, Troy, MI

Bachelor of Accountancy - Cum Laude

. Paid for 100% of college education while working as the office manager

at an antique car restoration facility.

. Proficient in MS Office Suite including Excel, Word & Outlook.

. Experienced in several ERP systems including Elite, Hyperion and AS400

based systems.

. Continuing education seminars completed in financial reporting

software, credit and collections, Microsoft Office and 1099 reporting.

Contact this candidate