Sales Management
Resume:
DAVID P. CANDELMO
Sun Prairie, Wisconsin 53590
********@*******.***
SUMMARY
Close to 20 years of successful financial expertise in both private and public accounting and finance with
the last 11 years in leadership roles demonstrating proven talent, knowledge, and experience of
accounting principles, financial analysis and reporting, and strong technical skills of the profession.
Verified expertise in:
Strategic Planning Financial Reporting
Regulation Compliance Business Trends
Capital Budgeting Financial Forecasting Models
Financial and Risk Management Capital Structure
EFFECTIVE EXPERIENCE
BOUMATIC: Madison, Wisconsin 04/07 to 10/10
Controller
• Took over an accounting department that needed rebuilding and implementation of controls and
procedures. Established and managed all functional areas of a department of ten employees
who worked as a team functionally and cross-functionally with other departments to a well
respected and contributing department in the organization performing accurate and timely results.
• Developed and prepared daily, month-to-date, and year-to-date reports with orders, sales
including margins, and inventory balances with the ability to drill down to product categories by
sales and margins and inventory balances by parts. Proficient in using such data mining software
as Cognos to analyze relationships of the data and the effects it’s having on the operational
health of business.
• Analyzed, interpreted, and prepared GAAP financial statements and financial management
reports for multiple entities showing issues and key trend analysis for orders, sales, margins,
manufacturing variances, sales and general administrative, and monthly metrics. Developed and
prepared new GAAP financial statements to new product categories down to gross margins and
developed a “Cash Snapshot” report showing “Free Cash Flow” and individual Balance Sheet
accounts cash use or source.
• Improved month end closing from three weeks to three days through establishing and assigning
closing tasks, accruals, and monthly reconciliations.
• Developed and prepared 13 week rolling cash forecast model unique to the company’s financing
to monitor current and future liquidity.
• Developed and prepared budgeting and forecasting models from as detailed as by customers,
part numbers, and departments through financial statements.
• Reduced Daily Sales Outstanding (DSO) from 75 days to 45 days and Daily Payable Outstanding
(DPO) to more average terms, and established earned early cash discount program with
suppliers resulting in contributing to favorable Purchase Price Variance (PPV) of over one
percentage point to Net Sales.
• Led all financial and bank audits that resulted in timelier completions and improved processes
resulting in lower fees.
• Improved allocation of material overhead based upon margin type and ongoing analysis of frozen
verses simulated (last purchase) costs with margins.
• A main contributor and decision maker with bank relationship, insurance, and health benefit
programs. Helped with the negotiations with a new bank deal that brought more favorable bank
covenants and lower borrowing interest rates. Also, reduced insurance premiums through
improving the accuracy of risk assessment data reporting to insurance carriers.
DAVID P. CANDELMO
Cell: 608-***-****
E-mail: ********@*******.***
Page Two
• Significantly improved the cash management needs through improved cash application (auto
posting) and timelier and more accurate treasury management reporting to the bank.
• Contributed and helped coordinate the successful upgrade of the company’s ERP system
(Oracle- J. D. Edwards) to the next version.
PENDA CORPORATION: Portage, Wisconsin 01/99 to 10/06
Vice President of Finance (promoted in 2005)
•Led the implementation of the corporate finance strategy and participated in formulating and
administering corporate strategy and policies for the entire company that allowed the company to
achieve top-line growth and improved bottom-line performance, such as: achieving cost reduction
goals with an annual savings per year of 5%, product channel margin improvements as high as
10% compared to prior year, and new business development projects.
•Informed equity partners, lenders, and Board of Directors about financial results and trends of
the company.
•Led, developed, and reported interactive financial forecasting models, which reduced the time it
took to make projections from days to minutes.
•Appraised the company's financial position and issued periodic financial, business finance
reports to assist the senior management team in strategic business decision making.
•Led all accounting and tax activities and ensured compliance with GAAP and other regulations.
Led in the implementing of a monthly close from a couple of weeks to a world class of two days.
•Responsible for variance analysis and reporting of cost measurements to units produced in a
standard costing system in a manufacturing environment. Provided important information and
analysis for deriving management decisions on the allocation of product costs for operational and
product pricing decisions.
•Led controlling in providing and directing procedures and systems necessary to maintain proper
records and to afford adequate accounting controls and services.
•Directed and held responsibility for all the treasury activities for the cash management needs of
the organization.
•Guided the preparation of budgets and forecasting for functional levels for as many as three
companies.
•Provided profitability analysis, capital plans, internal rate of return analysis, and other statistical
and routine reports, which assisted the senior management and functional leaders in making
timelier and better business decisions.
•Participated on several quality control teams in successful launches through tools and methods
related to Lean Manufacturing and Six-Sigma studies.
Director of Finance and Treasury (promoted in 2000)
Consultant; Accounting Manager (1999 to 2000)
• Handled SEC quarterly and annual reporting before company went private in April 2000.
• Coordinated all financial reporting, budget, treasury, and tax compliance.
• Organic growth through M&A transactions; growth of over 40% and double digit margins .
DAVID P. CANDELMO
Cell: 608-***-****
E-mail: ********@*******.***
Page Three
SELF-EMPLOYED 6/96 to 12/98
Accountant
• Prepared taxes and financial statements for small businesses
GARY B. FINK AND ASSOCIATES,
CERTIFIED PUBLIC ACCOUNTANTS: Wadsworth, Ohio 4/95 to 6/96
Senior Auditor
• Supervised, planned and conducted field audits.
• Gained experience in internal controls and legal compliance with profit and nonprofit entities.
NATIONAL AUTO CREDIT CORPORATION: Solon, Ohio 9/94 to 4/95
Corporate Staff Accountant
• Performed monthly closing in a fast paced corporate accounting environment.
WITTENAUER, FOTT, TISSOT, LIPKIN AND COMPANY,
CERTIFIED PUBLIC ACCOUNTANTS: Akron, Ohio 1/91 to 8/94
Staff Accountant
• Reviewed, analyzed, and prepared compilations and audited financial statements.
• Gained tax preparation experience with payroll, individual, partnership, and corporate returns.
EDUCATION
SCHOOL OF ACCOUNTANCY, THE UNIVERSITY OF AKRON: Akron, Ohio
Bachelor of Science, Accounting, December 1992
PROFESSIONAL AFFILIATIONS
Financial Executives International, Milwaukee & Madison Chapters
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