MICHAEL D. THROCKMORTON

**** ***** **** *****

High Point, NC 27265

336-***-**** (C)

336-***-**** (H)

abi9qe@r.postjobfree.com

SUMMARY

Diverse financial accounting / managerial experience in the domestic /

international manufacturing industry. Dedicated, highly self-motivated;

successful at working independently and as a team member in cross-

functional projects. Well versed in PC (Microsoft Office), pivot tables, v-

lookup tables and mainframe applications (SAP, Infinium, BPCS, Hyperion,

etc.).

CAREER EXPERIENCES

Columbia Forest Products, Inc. - Plywood / Veneer Manufacturer, Greensboro,

NC 2008 - 2009

Controller - International Division

Responsible for directing all accounting activities concerned with

financial statements, product costing, budgets, tax reporting, analysis /

project management, and management of personnel within the International

Division. Key focus areas include AR, AP, contract warehouse inventories /

logistics, period end closings, financial results reporting, maintaining

sound internal controls and managing government / quasi government programs

/ certifications to include C-TPAT, CBP, CARB and FSC. Participation in 5S

/ Lean Manufacturing programs. Reported to International VP of Operations.

. Transferred International Division accounting functions and records from

west coast to Greensboro Corporate HQ

. Developed new local banking relations for wire transfers and cash against

documents transactions

Ciba, Inc. - Specialty Chemicals Manufacturer, High Point, NC

2007 - 2008 Intercompany Accounting Manager - NAFTA (backfill

contract position)

Responsible for managing the intercompany accounting functions for the

NAFTA region. Key focus areas include monthly closing of goods and

invisibles A/P and A/R between the NAFTA and other global regions; ensuring

compliance of Transfer Pricing policies (prices, margins, duty and freight)

across regions. Additional responsibilities include clean up of financial

data for SAP implementation from BPCS AS400 system. Reported to

Manufacturing Accounting Director.

. Reduced monthly past due receivables, from affiliates, by seventy (70)

percent

. Provided Purchasing, Business Finance and Operations departments with PPV

Analysis Report tool, instructions and training to transition primary

ownership to appropriate functional areas

Qualicaps, Inc. - Pharmaceutical Gelatin Capsule Manufacturer, Whitsett, NC

2007 - 2007 Assistant Controller - North American Operations

Responsible for managing the accounting and IT staffs. Key focus areas

include closings, financial reporting internally and to global parent using

Crystal Reports, budget vs. actual tracking/analysis and year-end audit.

Reported to Controller.

. Developed Authorization for Capital Expenditure (AFE) procedure to

accurately track project spending

. Prepared FASB 144 - Impairment of Assets analysis and resulting

adjustments for annual audit

Culp Inc. - Upholstery & Mattress Fabric Manufacturer, High Point, NC

2002 - 2007 Manager of Financial Reporting- Corporate

Responsible for internal and external reporting activities. Key focus areas

include weekly cash flow forecast; informing executive management of

cash/debt position, analyzing departmental variances from operating

budgets, preparing consolidated reporting packages for monthly and

quarterly financial results, quarterly forecasted updates, Board of

Directors quarterly & annual meetings, developing annual operating plan and

preparing various financial schedules and narratives for electronic filing

of 8K, 10Q and annual 10K reports with Securities Exchange Commission.

Reported to CFO.

. Developed comprehensive reporting packages for executive management's use

in guiding business segments

. Participated in Sarbanes-Oxley implementation and compliance; developed

reports base-lining template

Michael D. Throckmorton

Page 2

AGI, INC. - a division of KI - Contract Furniture Manufacturer, High Point,

NC 1998 - 2002

Divisional Financial Manager, NC Subsidiary Operations

Responsible for the subsidiary's accounting / financial, IT systems,

payroll and HR functions. Key focus areas include managing operations and

IT capital expenditures, developing annual budgets and analyzing variances

to budget. Key areas include reviewing cash position and leveraging the

plant / office workforce. Reported to the VP of Corporate M&A.

. Developed and implemented improved employees benefits package for

facility

. Managed Accounts Receivable / Credit function in legacy system prior to

and following Y2K conversion with final write-off of $6,200 at year-end

2000 versus $25 million of receivables collected.

. Implemented new Y2K compliant manufacturing / financial system on

scheduled 'GO LIVE' June 1st 1999 date

JG/ALMA FURNITURE GROUP INC. - Contract Furniture Manufacturer, High Point,

NC 1997 - 1998

Assistant Controller, Plant Operations

Responsible for all plant accounting/financial, IT and payroll functions.

Areas include A/P, A/R, Purchasing, Inventory Control, and Financial

Reporting. Projects include cash flow management, budget development, ABC

Management, and coordination of the multiple systems consolidations

(Legacy, JD Edwards, etc.) resulting from the company's various mergers and

acquisitions. Reported to Managing Partner.

HAMILTON BEACH / PROCTOR-SILEX, INC. - Appliance Manufacturer, Mount Airy,

NC 1991 - 1997

Senior Cost Analyst / ISO Facilities Coordinator, Plant Operations

Accounting - responsible for managing cost system, cost analysis, inventory

control, analyzing labor efficiency / throughput variances using KRONOS

data and assisting domestic facilities with training / accounting issues.

Reported to Plant Controller.

ISO Facilities Coordinator - responsible for implementing/maintaining ISO

9002 Quality Management System. Advised management on requirements/issues

concerning the Quality Management System. Obtained ISO Lead Assessor

certification.

. Developed product cost standards using activity based costing (ABC)

techniques

. Served on implementation team for the new BPCS software package for the

mainframe manufacturing / financial system

. Developed Key Performance Indicators analysis package (i.e., schedule

attainment, productivity, inventory levels, scrap, absenteeism, etc.) for

weekly feedback via distribution to plant personnel and corporate

management.

EDUCATION

M.B.A., Finance & Management concentrations

Bryan School of Business and Economics

University of North Carolina at Greensboro

B.S., Business Administration and Economics - Cum Laude

Accounting / Business Administration double major

Finance, Accounting and Marketing concentrations

High Point University

PROFESSIONAL ASSOCIATIONS

Institute of Management Accountants

Chapter President 1998 - 2000

CPA Candidate

Contact this candidate