Accounting Management
Resume:
Clark D. King, CPA
**** **** ***** ****** . ********** Heights, UT 84121 . abl0dw@r.postjobfree.com
Accounting & Finance
Corporate Accounting . Finance & Budgeting . Public Accounting
Accomplished, results-oriented CPA with extensive progressively responsible
corporate and public accounting experience. Proven ability to meet goals
and complete assignments in demanding environments. Intensive work
experience in developing financial strategy to drive and sustain growth and
increase profitability in operations. Effective management of others in
difficult and challenging situations.
Core Competencies
. Comprehensive knowledge and management of all accounting cycles
. Skilled, timely and accurate preparation of annual, quarterly and
monthly financial statements (reduced month end from three weeks to
three days)
. Successful assessment, implementation, and maintenance of Sarbanes-
Oxley (SOX) requirements/controls (project and change management/re-
engineered processes)
. SEC/SOX audits and financial reporting
. Proven leadership and team building skills (built cross functional
teams)
. Excellent budgeting, forecasting & financial analysis expertise
(increased cash flow significantly)
. Proven leadership and team building skills (built cross functional
teams)
. Exceptional communication and presentation abilities (for banks,
boards, executives and investors)
. Superior operational skills ($750M lease lines, contract negotiations,
bank agreements, vendor terms, cost cutting, product pricing, fraud
detection)
. Experienced in start-ups to established multi-billion dollar companies
(P&L and multi-national responsibility)
Professional Experience
Vice President, Finance
started May 2008
MediConnect Global
Provide executive leadership to Company and a multi-national finance
organization. Oversees all finance and accounting for the Company
including financial and bank reporting, policies and procedures, banking,
forecasting, insurance, internal controls, financial performance analysis,
capital expenditure financing, and annual audit. Also part of due diligence
and acquisitions.
Key Achievements:
> Key member of executive team reporting to the CEO
> Reduced month-end close by 17 days
> Transitioned foreign accounting functions successfully
> Established $750M in multiple lease lines to improve cash flow and
meet capital needs
> Assessed current cost structure and established new vendor
relationships resulting in material savings to the Company (over $145k
per year)
> Reduced DSO by 30 days
> Maintain insurance and bank relations. Brought the Company into
compliance with bank covenants, bank and investor deadlines. Increased
insurance coverage while decreasing costs
> Established controls and strong departmental organization with clear
authorization limits for multiple actions as well as cross trained
department personnel and documented procedures
> Cut the AR aging over 90 days from over 30% of total AR to 6%
> Identified and prevented $44k of fraudulent charges
> Detected bank interest error on line of credit agreement resulting in
$10k refund and reduced ongoing monthly interest paid
> Enhanced preparation for external audit which cut fieldwork time and
improved audit results
> Delivers accurate twelve month cash forecast weekly
> Accelerated weekly and monthly invoicing cycles to improve cash flow
> Promoted from Senior Director of Global Accounting to Vice President
of Finance
Controller January 2006 -
April 2008
Meadow Gold Dairies, Brand name of Dean Foods, $11 billion international
public company
Provided leadership in $120M business operation, financial reporting, month-
end closing, budgeting, forecasting, financial analysis, and compliance
with SOX 404. Determined monthly pricing and costing for all products
based on market conditions and managed the IT functions.
Key Achievements:
> Served as key member of 5 person senior management team running the
operation
> Provided key financial analyses
> Implemented improved processes in Payroll, A/P, A/R, Billing, Banking,
Pricing and IT
> Reorganized and trained accounting department of over 20 employees
> Successfully passed numerous internal and external financial and SOX
audits
> Improved A/R current percentage by 25%
Director of Finance - Motor Cargo
1998 - 2006
Motor Cargo Industries, Became subsidiary of UPS, $36 billion international
public company
Directed the work of the Finance Department for this $200M public company
including cash management and budgeting. Presented weekly financial
analysis (verbal and written) to Executives and other members of the
management team. Worked extensively with and reported to the CFO.
Key Achievements:
> Successfully implemented SOX internal control and policy & procedure
requirements in a timely manner which passed ongoing audits
> Created weekly profit and loss statements, forecasting and budgeting
models, and operating statistics used by executives and members of
management team for corporate decisions
> Interpreted forecasts/financial reports and concepts and their impact
on operating activities for Operations Management
> Participated on the Executive, Revenue & Account Development,
Disclosure, Revenue Adjustments, Operational Audits, Reserves and
Accounting System Committees
Controller - MC Distribution Services, Inc.
Motor Cargo Industries' logistics and warehousing subsidiary company
Responsible for all accounting and financial reporting (10Ks, 10Qs, and
audited financial statements) for the company in addition to serving as
Assistant Controller for Motor Cargo. Took part in growing the company from
startup to very profitable business. Reduced monthend from three weeks to
three days. Reported directly to CFO of Motor Cargo Industries.
Assistant Controller
Motor Cargo Industries
Developed and prepared monthly cash flow statement, weekly profit and loss
forecast model, budget model and assisted in annual budget/forecast
preparation. Assisted in preparing 10K and 10Q SEC filings. Prepared
annual pro forma financial statements. Worked with external auditors
during quarterly and annual financial reviews.
Adjunct Professor
1998 - 2001
University of Utah David Eccles School of Business
Taught one to three courses each semester while working full-time at Motor
Cargo.
Legislative Auditor and Budget/Policy Analyst
1996 - 1998
Salt Lake City Council Office
Analyzed Mayor's proposed budgets and amendments. Assessed proposed $850
million bonding for Airport reconstruction. Reviewed proposal for $10
million City fire training center. Examined 2002 Olympic financial and
other issues. Presented all findings and recommendations (verbal and
written) to the SLC Council in public meetings.
Public Accounting Business Assurance
1994 - 1996
Coopers and Lybrand, LLP, currently PricewaterhouseCoopers, one of the "Big
Four"
Involved in SEC audits and financial reporting. Presented findings and
recommendations to client management. Audit supervision and in-charge
experience.
Education and professional certification
Master of Professional Accountancy (MPrA) . University of Utah, Full
scholarship
Bachelor of Science, Accounting . University of Utah, Full scholarship
Certified Public Accountant (CPA) . Utah
Professional Associations
American Institute of Certified Public Accountants (1995 - Present)
Utah Association of Certified Public Accountants (1995- Present)
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