Accounting Management
Resume:
D. WADE LUCAS, CPA
Raleigh, North Carolina 27616
******@**.**.***
Professional MBA/CPA offering more than 15 years experience in increasingly
responsible financial management assignments in accounting, finance, tax,
cash management, budgeting, treasury, audit, capital investments, and
mergers and acquisitions. Public and private finance and accounting
experience including development / implementation of SOX compliance
procedures. Excellent SAP R/3, Oracle, and MS Office skills.
PROFESSIONAL EXPERIENCE
SONY ERICSSON MOBILE COMMUNICATIONS USA INC.
Manager, Tax Compliance
2006 to Present
Key senior position responsible for the development and maintenance of
federal, state, and local tax compliance processes for domestic and
international entities of a global telecommunications company.
. Drive the development of tax reporting processes and procedures for US
and Latin American entities, resulting in the elimination of late
filings for federal, state, and local tax reporting and the related
interest and penalties
. Enforce tax compliance for income, franchise, sales and use, property,
and excise taxes utilizing InSource and Taxware software
. Aggressive tax compliance measures have resulted in recovering $3.1
million in tax refunds to date
. Successful and aggressive audit defenses for federal, state, and local
tax audits
. Restructured SAP R/3 and Taxware software interface, saving $200,000
annually in false tax liabilities
. Hands-on analysis of tax liability accounts and related accruals based
upon Generally Accepted Accounting Principles (GAAP)
. Coordinate and file U. S. federal and 23 individual state income tax
returns for US and foreign entities
. Drive monthly closing process for tax-related general ledger accounts
including the compilation and recording of all tax journal entries and
reconciliation of tax assets and liabilities
. Develop and analyze supporting schedules for federal and state income
tax return filings including fixed asset purchases, retirements,
impairments, and depreciation (i.e. MACRS, AMT, Book, ACE, etc.)
. Coordinate the filing of payroll tax returns with third party service
provider (Form 940, 941, etc.)
. Big 4 audit interface for all tax issues including accruals, payments,
and business tax credits
CONTRACT FINANCIAL POSITIONS
2003 to 2006
Icoria, Inc.
Senior contract financial position for a public biotech research
company.
. Drove the monthly closing process and the development of inter-
company financial statements
. Key interface for Big 4 auditors conducting the annual certified
audit of corporate financial statements
. Analyzed and corrected company stock option registers, provided
maintenance recommendations
. Initiated the implementation of internal controls for SOX
compliance
. Developed and analyzed supporting financial schedules for SEC
reporting (Proxy, 10-K, 10-Q)
Nortel Networks, Inc.
Assessed, developed, implemented, and tested internal financial
processes and routines for SOX 404 compliance.
Strategic Technologies, Inc.
Senior contract position reporting to the Chief Financial Officer of a
$100 million technology integration firm
. Developed reporting processes and routines for the cash flow
forecasting
. Spearheaded litigation issues to establish vendor payment plans
that resolved corporate liabilities
TOMPKINS ASSOCIATES, INC.
Chief Financial Officer
2000 to 2003
Senior-level position responsible for the financial guidance of an
expanding $85 million global logistics and material handling equipment
consulting firm.
. Restructured global financial and administrative functions including
finance, IT, HR, Legal, and Travel, managing 29 personnel residing in
domestic and international locations
. Analyzed and corrected the underlying transactional data utilized as
the foundation of financial statements (BS, IS, cash flows, and RE)
in compliance with Generally Accepted Accounting Principles (GAAP)
. Successful restructuring of financial systems, procedures, and
controls that resulted in the company's first certified financial
statement audit
. Assessed corporate intermediate / long-term goals and developed
strategic guidelines for executive management including capital
funding, manpower requirements, organizational structure, and
timelines
. Established new finance offices in Europe, Mexico, and Australia
including the hiring and training of personnel
. Risk and debt management (permanent and revolving credit, capital
procurement, insurance, credit, and banking relationships); securing
private funding
. Key member of team that developed a strategic initiative to expand
service offerings into material integration
. Drove litigation for issues involving intellectual property,
coordinating with outside legal counsel
. Performed due diligence of financial statements for potential
acquisition targets that enhanced strategic growth and positioning
. Nominated in 2002 for the Inspirational Leadership "Hall of Fame", a
company-wide annual recognition
CIRCUIT BOARD ASSEMBLERS, INC.
Chief Financial Officer
1998 to 2000
Key financial management position responsible for finance and accounting
functions of an electronics manufacturing company.
. Managed the monthly closing of financial records and analyzed monthly
financial statements including balance sheet, income statement,
statement of cash flows, and statement of retained earnings
. Managed all finance and accounting functions including accounts
receivable, cash forecasting, revolving lines of credit, payroll,
fixed assets, inventory, notes payable, accounts payable, and banking
relationships
. Key interface for annual and interim financial statement audits by Big
4 audit firm
. Coordinated the establishment of the company's initial 401k savings
plan
. In coordination with executive management, developed financing
agreements with raw material vendors
. Developed financial structure and documentation that was key in
attracting a buyer for the company
. Performed acquisition due diligence of a printed circuit board
manufacturer
D. WADE LUCAS, CPA
Practitioner
1990 to 1998
Established and managed an accounting practice that provided tax and
accounting services to client companies in the areas of manufacturing,
construction, technology, engineering and professional services, and
software design and development. Annual revenues exceeded $120,000.
. Developed and analyzed client financial data, compiled certified
balance sheets, income statements, statements of cash flows, and
statements of retained earnings in accordance with Generally Accepted
Accounting Principles (GAAP) as established by the American Institute
of Certified Public Accountants (AICPA)
. Analyzed and advised clients relative to business form (i.e. C-
Corporation, S-Corporation, Limited Liability Company, Partnership,
etc.)
. Provided tax planning and advisory services for payroll, income, sales
and use, and franchise taxes
. Migrated company accounting records to electronic mediums utilizing a
variety of accounting software packages
. Trained client personnel in the principles of accounting and monthly
accounting processes and journal entries
. Provided business recommendations to owners for the valuation and sale
of client businesses
. Coordinated and assessed the legal aspects of client business
transactions, referring management to the appropriate legal authority
. Developed business modeling and strategic planning for new and
existing businesses
OTHER PROFESSIONAL EXPERIENCE
1981 to 1991
Additional accomplishments in accounting, finance, internal audit, and cost
accounting gained through accounting and finance positions include:
Organized and managed new "start-up" accounting organization
responsible for full financial statement reporting
Developed controls and procedures that reduced inventory variances to
<1% for raw materials, work-in-process, and finished goods stocks of
two manufacturing entities
Hands-on experience with cash management, internal auditing, banking,
payroll, A/R, A/P, and inventory
Analyzed operational performance against budget, financial forecasts,
and annual budgets
Developed product costing processes for standard product costs, bills
of material, and manufacturing routers
Implemented and managed an import duty drawback program resulting in
$1.3 million in refunds
Established Letters of Credit and commercial documentation for import
duty drawback program
EDUCATION AND CERTIFICATIONS
BSBA - Accounting Appalachian
State University
MBA - Management Appalachian State
University
Certified Public Accountant (Active) North Carolina
SPECIAL ACCOMPLISHMENTS
Becker CPA Review - Lead Instructor for Becker CPA Review, an
internationally-recognized review course that prepares degreed
accountants to succeed on the Uniform CPA Examination administered by
the American Institute of Certified Public Accountants (AICPA).
Provided instruction and guidance to candidates in accounting theory,
practical application of FASB (Financial Accounting Standards Board)
pronouncements, interpretation of business law, and the application and
evaluation of generally accepted auditing standards (GAAS) of an
entity's balance sheet, income statement, statement of cash flow, and
statement of retained earnings. Additional responsibilities included
the recruitment, training, and management of five (5) additional
instructors who shared various teaching assignments in the four areas of
required knowledge to be successful as a CPA candidate.
Council for Entrepreneurial Development (CED) - Instructor for accounting
and finance seminars with the objective of assisting entrepreneurs in
developing the skills necessary to evaluate the financial statements of
a business. Coached business owners in development of business plans
and guided members in securing funding.
Wake Technical Community College - Small Business Center - Instructor for
accounting and business courses including the establishment of
accounting systems and records, implementation of accounting software,
interpretation of business financial statement ratios, federal and state
taxes, and securing capital.
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