Accounting Management

Frank Woods

**** ***** ***** **.

Round Rock, TX 78681

Home 512-***-**** Cell: 508-***-****

*************@*****.***

Summary

. SERIAL ENTREPRENEUR HAVING VARIOUS VENTURES LISTED ON INC 500 LIST OF

FASTEST GROWING COMPANIES.

. A TEAM ORIENTED SENIOR MANAGEMENT PROFESSIONAL WITH STRONG ANALYTICAL AND

PROBLEM SOLVING SKILLS.

. FUNDAMENTAL ACCOUNTING KNOWLEDGE FROM TRANSACTION PROCESSING THROUGH

FINANCIAL STATEMENTS AND YEAR-END AUDIT.

. EXPERIENCED IN M&A, CAPITAL BUDGETING, AND VALUATION

. PROFICIENT IN MULTIPLE O/S, OFFICE SUITE, ACCOUNTING, AND UTILITY

SOFTWARE PACKAGES.

. KNOWLEDGE OF FASB 116 AND 117, UFR REPORTING, AND NFP ACCOUNTING

SOFTWARE.

. OBTAINED $50 MILLION (USD) IN FINANCING UTILIZING A VARIETY OF METHODS

AND SOURCES.

PROFESSIONAL EXPERIENCE

1995 - PRESENT

Project Place and Gatehouse

Boston, Massachusetts

Director of Finance and Social Enterprise

Oversee Enterprise operations, specifically Project Pepsi, a vending

machine service, Clean Corners...Bright Hopes, a facility maintenance

business, and HomePlate, a food service business, of nonprofit that employs

homeless individuals. Exploit synergies where they exist and create cost

efficiencies to ensure current operations are cash flow positive. Develop

financial policies and procedures to ensure sustainability of agency.

Develop and manage the agency and program budgets. Planned results included

overall agency improvement from corrective action to position of financial

strength while maintaining 70 - 80% of total resources towards program

purposes. Liquidity improved from .3 to 1, to 4.2 to 1. Leverage reduced

from 50% to less than 5% of assets. Days cash improved from 1 day to 145

days. Instrumental in construction of $11 million facility utilizing

public, private and NMTC. Direct and manage facility operations and all

financial functions. Net assets increased 2777% from $218K to $6M.

Designed and implemented nonprofit specific accounting information systems

while directing all accounting functions and processes. Days inventory

reduced from 77 days to 14 days. Better cash management enabled $576K

increase of working capital, from ($136K) to $440K. Design and manage

agency IT functions ensuring suitable resources for agency with 99% up

time. Coordinate human resources function. Provide financial reporting to

the Executive Director and the Board of Directors including aggregated and

disaggregated agency information by source, program, and restriction as

well as comparative statements to prior period and agency budget. Prepare

year-end consolidated statements and work as liaison between agency and

independent auditors. Manage the investment of agency reserves, insurance,

and other significant financial and business processes.

1990 - PRESENT

Wood Financial Group

Bellingham, Massachusetts

Consultant

Financial, accounting, and management consulting for businesses in a

variety of industries, both in manufacturing and service sectors,

including: temporary staffing, permanent placement, transportation, customs

brokerage, automotive products, health & fitness, energy, and not for

profit. Preparation of business plans, strategic plans, information

packages, budgeting and forecasting, cash flow analysis, account and

financial statement analysis including MD&A. Business valuations and

financial and banking arrangements. Operational problem solving,

statistical methodology, organization development, market research studies,

HR analysis, productivity and resource planning. Developed and implemented

accounting information systems for each industry with a variety of computer

software, both specialized and retail packages. Computer software

conversions. Obtained $50 million (USD) in aggregate financing utilizing:

revolving lines of credit, asset based lending, equipment leasing

arrangements, and factoring. Instrumental in 4 equity investments/clients

reaching Inc. 500 List from start-up. Authored "Company Story" and

developed offering memorandum securing offers of 12-16X earnings and 2-4X

revenues. Clientele include start-ups, small to mid-sized businesses, and

troubled companies. Clients served on a project by project basis for both

long-term and short-term assignments.

1989 - 1990

Search Inc

Burlington, Massachusetts

Vice-President, finance

Troubled company work out situation for company in both temporary and

permanent placement markets. Negotiated with vendors, creditors, and

taxing authorities on payment plans and schedules. Interfaced with banking

officer to continue relationship that was in default. Implemented budget,

cash flow and work out scenario and presented it to bank workout committee.

Implemented cost structures and accounting and financial systems. Designed

and implemented controls and associated computerized systems in conjunction

with operative systems. Established credit & collection policy that

resulted in reducing DSO from 55 days to 35 days. Approved operating and

administrative policies. Compared performance with established operating

plans and reported the results to all levels of management, as they related

to personal areas of responsibility. Prepared internal monthly financial

statements and worked with Independent CPA firm on year-end audit.

Provided advice on all matters to the CEO. Assisted the CEO in the

formulation of overall corporate objectives.

1986-1989

Triple T Inc.

Waltham, Massachusetts

Chief Financial Officer

Instrumental in company's growth of four additional strategic business

units. Increased line of credit from $215,000 SBA loan to a $2.5 M

revolving line of credit in three years. Established budgeting and

forecasting standards. Implemented cost structures and accounting and

financial systems. Recruited, hired, trained and managed corporate

accounting staff of 7. Established credit & collection policy which reduced

DSO from 55 to 42 days. Expediting collections allowed for increased

ability for internal funding of growth while reducing reliance on external

financing sources. Designed and implemented purchasing system and

accounting information system. Coordinated and implemented benefit programs

of health, life, and disability and deferred compensation. Efforts allowed

for company revenue growth from $840K to $24M in 3 years. Administered

funds and banking relationships. Worked as a liaison with corporate

attorneys and CPA firm. Prepared, administered and reviewed management

objectives of all cost centers and accompanying personnel. Formulated

corporate objectives, mission and strategic planning with CEO.

1982-1986

Genesis Group Inc.

Waltham, Massachusetts

Controller

Provided accounting and financial management for venture capital company

actively pursuing acquisitions. Established, coordinated and administered

adequate plans for the control of operations. Such plans included cash

flows, projections, sales forecasts, expense budgets and cost standards for

each of the separate companies. Valuation of assets and or companies and

determined required method of purchase and financial arrangements. Reported

on the operations of divisional groups, the individual companies, and the

business combination. Actively involved in expansion of business and was

instrumental in acquisition of 4 companies adding 40% to gross revenues.

During period, sales of acquired companies increased from $31M to $52M,

with a corresponding fivefold increase in net worth to $7.5M. Established

and executed programs for the provision of capital required by the

individual businesses, including the negotiation and procurement of capital

and maintaining the required financial arrangements. Prepared company

consolidated and combining financial statements.

EDUCATION

MBA. SUFFOLK UNIVERSITY. GRADUATED WITH HIGHEST DISTINCTION.

MSF. Brandeis University. Graduated with highest distinction.

B.S. Accounting. Bentley College. Graduated summa cum laude. Beta Gamma

Sigma national honor society. Bentley Honor Society. Multiple emerging

leader nominations.

References

AVAILABLE UPON REQUEST.

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