Management Financial
Resume:
ADAM KING
Bellevue, WA
email: *****@********.***
Over 18 years of hands-on finance experience in high profile corporate
finance positions since receiving an MBA from Texas A&M. Experience in
corporate finance ranging from work at world-wide corporations (including
Disney and EMI Records) to public and private start-ups. Worked in and
responsible for:
Financial Planning & Productivity Improvement Accounting/GL Management
Analysis Cost Reduction & Avoidance Mktg Expenditure Planning
Financial Reporting System Development Staff Selection &
Budget Development Cash Management Development
M&A / Deals / JV's Inventory Management Team Building & Leadership
Strategic Planning Royalties
PROFESSIONAL EXPERIENCE
FINANCIAL CONSULTING, Bellevue, WA - 2009 to Present
Corporate Finance & Accounting Consulting
- Conducted corporate financial consulting for a number of large and
small clients.
- Developed integrated financial business forecasting models and
developed/analyzed business plans and presentations.
- Created accounting and reporting systems for startups (including
Altered Images Design, Samic Utopia Corp, etc) with integration
of sales and expense data from eBay, PayPal, Google Merchant,
etc. This greatly reduced the time required to maintain their
financials and provided them with greater detail and tools with
which they could better analyze the business.
THE SEATTLE TIMES, Seattle, WA - 2008
Finance Director: Planning & Analysis
- Responsible for Treasury, Financial Planning, Budgeting and
Insurance. Managed staff of eighteen.
- Responsible for short and long term forecasting, budget analysis,
cash forecasting and bank covenant projections.
- Advised executive team of measures necessary to stay in compliance
of bank covenants and improve EBITDA. The measures taken included a
reduction in staff by over 500 (approx one third of headcount).
- As a result of these actions the Company was able to revise their
debt requirements.
- Developed reporting metrics for various areas of the Company.
- Left the Company at the end of the year as part of the last wave of
layoffs.
FINANCIAL CONSULTING, Frisco, TX (previously Irvine, CA) - 2002 TO 2007
Corporate Financial Consulting - 2002 to 2007
- Conducted corporate financial consulting for a number of large
and small clients.
- Two of the longer assignments (close to one year each)
included:
- VP Finance/Controller - eRXSYS (start-up public pharmacy
specializing in digital processing of prescription pain
medications)
- Developed extensive integrated pharmacy business
development / planning and Budget models used in the
Strategic Planning of the Company.
- Responsible for all internal and external
financial reporting
- Responsible for GL and cash management and
developed accounting policies and procedures
- Selected and developed banking relationships and
merchant account setups
- Responsible for Business Affairs, Human Resources
and IT Project Management
- Acting Controller for the Performing Arts Center of Los
Angeles County
- Reconciliation and improved reporting on
restricted vs. unrestricted funds
- Developed Pledge Payments NPV and Bad Debt Reserve
Calculation model
- Conversion/upgrade of ADP payroll system
- Adjustment of pension contributions based on new
union contract specifications
GOLD CIRCLE ENTERTAINMENT (start-up), Santa Monica, CA - 2000 TO 2001
Vice President of Finance / Controller
- Responsible for all financial aspects of the Company including
Strategic Planning
- Direct responsibility for staff in Finance, Accounting,
Royalties, Inventory, AP/AR and A&R Administration.
- Selected/implemented new accounting (MAS 90) and Royalty systems
and spearheaded system conversions
- Developed reporting & control systems for Album Recording, CD
Production, Marketing, Inventory and G&A
- Responsible for month-end close and reporting to corporate.
- Implemented new PO system to properly account for and report on
Marketing and Recording expenditures
- Developed weekly and monthly management reporting.
- Recommended, directed and completed the consolidation of labels
greatly reducing overhead expenses
HOLLYWOOD RECORDS (WALT DISNEY COMPANY), Burbank, CA - 1998 TO 2000
Director, Financial Planning & Analysis
- Responsible for the financial planning, M&A, deal analysis,
budgeting and reporting of the company.
- Developed a comprehensive phased marketing budget system
- Developed an extensive monthly financial management reporting
book.
- Reduced the monthly inventory cost by over 75%, saving the
Company $200k per year. Developed initial production quantity
review process, saving the Company over $500k per year.
PRIORITY RECORDS (part of Capitol Records/EMI Music), Hollywood, CA - 1996
TO 1998
Director, Financial Planning & Analysis
- Responsible for the financial planning, analysis and reporting of
the company.
- Responsible for the development of company budgets for P&L,
Balance Sheet, and Cash Flow.
- Automated and improved accuracy of many of the financial
reporting and forecasting functions through GL downloads and
integrated spreadsheet/database models.
- Developed Executive Financial Management Books and reduced
publishing time to within 3 days of close.
- Developed Album Production Scheduling System, greatly improving
efficiency and reducing time to bring albums to the market
FINANCIAL CONSULTING, Hollywood, CA - 1995 TO 1996
Financial Consulting / Product Development
- Financial consulting with MCA Records corporate finance.
- Developed a Release Profitability System (Visual FoxPro), which
allowed for the automated tracking of the profitability of every
release in the catalog of a record company.
CAPITOL RECORDS (part of EMI Music), Hollywood, CA - 1991 TO 1995
Senior Director, Financial Planning & Analysis
- Responsible for financial planning, analysis and reporting of the
label (forecasts, budgets, reporting actuals).
- Artist, licensing, production, label, joint venture, and
distribution deal analysis, as well as artist/release
profitability.
- Responsible for the development of pricing for all special
packages, box sets and videos.
- Developed a database based system in which sales could be
reported and analyzed through downloads (by configuration,
release, artist, repertoire) for the 1,500 active releases of the
Company.
- Enhanced the extent of reporting and reduced the time required to
produce the monthly financial reporting Management Book from over
three weeks to less than one.
INTERNATIONAL TECHNOLOGY CORP., Torrance, CA - 1989 TO 1991
Senior Treasury Financial Analyst
CAPITOL RECORDS (part of EMI Music), Hollywood, CA - 1988 TO 1989
Manager of Marketing & Promotion Financial Administration
Senior Financial Analyst
EDUCATIONAL BACKGROUND
MBA, in Finance & International Marketing - Texas A&M University,
College Station, TX, 1988
BS, Delaware Valley College of Science & Agriculture, Doylestown, PA
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