Frank L. Fairbanks, CPA
**** ***** ***** ****, ******** 48801 • 989-***-****
E-mail: abl9j3@r.postjobfree.com
CFO/CONTROLLER
With comprehensive experience in
PUBLIC ACCOUNTING/AUDITING COST ACCOUNTING/VARIANCE ANALYSIS POLICY DEVELOPMENT
TREASURY MANAGEMENT FINANCIAL MANAGEMENT/ANALYSIS STAFF MANAGEMENT
REPORTING/DOCUMENTATION BUDGET PREPARATION/ADMINISTRATION M&A/BUSINESS ANALYSIS
TAXATION STRATEGIC PLANNING/SCHEDULING GAAP/IFRS
IT MANAGEMENT BANK RELATIONSHIP MANAGEMENT INTERNAL CONTROLS
Education: M.S.T./M.B.A in process, Grand Valley State University, completion expected in 2009
B.S., Accountancy, Davenport University, 2000, GPA 3.39
A.A., General Studies, Hopkinsville Community College, 1992, GPA 3.83
PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS
Chief Financial Officer – North America
Amtek Group, Bay City, Michigan 2006 – Present
P&L responsibility for the multi-plant, North American operations of $1billion+ India based auto supplier. Responsible for
all finance and accounting (A/R, A/P, Cost, CAPEX, etc.), treasury, financial reporting, internal control, financing/credit
lines, policy, and business systems. Ensure accuracy and management of inventories and supply chain activities. Drive
continuous operational and profit improvements through meaningful financial analysis. Work closely with N.A. President
on M&A strategy. Managed financial, legal, tax and operational due diligence efforts as well as transaction negotiations.
Developed and implemented successful restructuring plan for North American operations.
Successfully negotiated a $5.5mm credit facility with a new lender.
Develop Annual Operating Plan.
Evaluating options for new ERP/MRP system.
Weekly review of KPIs and P&L with each plant finance team and consolidated review with foreign parent.
Provide support to Sales Director in the development of new business through quote and strategy support.
Direct weekly/monthly forecasts of P&L and cash flows.
Plant Controller
Saint-Gobain – CertainTeed BU, Jackson, Michigan 2004 – 2006
Responsible for the accounting and financial reporting of a $184mm (2006 budget) plant within a €43 billion publicly held
French company, producing vinyl siding and composite decking/railing systems across multiple lines of business.
Responsible for accurate maintenance of standard costs for approximately 3,000 SKUs. Review and approve all capital
appropriation requests (CAPEX). Maintain financial and internal controls to ensure protection of company assets and
integrity of financial reporting. Responsible for monthly financial reporting in accordance with GAAP/IFRS, fixed asset and
inventory management, account reconciliations, accruals, adjusting journal entries, and financial analysis of operational
performance. Compile and analyze monthly statistical reporting. Utilized SAP R/3 and BPCS systems.
Serve as operationally oriented financial adviser to plant manager/staff.
Manage working capital.
Accurately maintained general ledgers for seven profit centers across five lines of business.
Responsible for developing annual budget, monthly forecasts, and any resulting variance analysis.
Current efficiency improvement and cost cutting initiatives expected to yield over $4mm in savings annually,
currently at 56% of goal only three months into project.
Reduced DSOs in inventory (RM, WIP, and FG) from 101.6 days to 28.3 days, or from $18.6mm down to
$9.1mm.
Increased Finished Goods inventory turns from .52/month to 2.15/month.
Leaned out raw material supply chain by optimizing inventory levels and increasing velocity.
Completed Six Sigma Yellow Belt training.
Educated plant workforce on Return On Investment (ROI) and how their actions can influence the result. The
hourly bonus plan is based largely on ROI performance, so this education has been vital to improving awareness
of results to expect based upon actions/inactions taken.
Identified other cost reduction projects with savings to date over $300k, excluding working capital savings.
Frank L. Fairbanks, CPA – Page Two
Assistant Controller
Federal Forge, Inc., Lansing, Michigan 2003-2004
Responsible for cost accounting, financial reporting and IT functions for $43mm Tier II automotive and defense supplier.
Prepare cash flow projections and analysis. Responsible for the development of the annual budget and monthly
forecasts. Responsible for month/year end closing process and coordinating with outside auditors. Perform variance
analysis.
Saved the company $52k in workers’ compensation insurance premiums by appropriately changing classification
of certain employees.
Involved with Six Sigma projects that were forecasted to save $100-150k annually.
Daily management of credit facilities.
Work with operations team to implement LEAN manufacturing methodologies.
Controller
Transcription WoRx, Inc., Ithaca, Michigan 2001-2003
Responsible for financial reporting in accordance with GAAP, strategic planning, G/L, forecasting, variance analysis, fixed
asset and inventory management, account reconciliations, accruals, adjusting entries, labor reporting, capital expenditure
analysis, cash management, development of Annual Operating Plan (budget), banking relationships, and all tax returns.
Develop pricing and cost structure for new and potential accounts.
Established and built from the ground up the accounting and financial reporting systems for this startup medical
transcription company ($400k/30 independent contractors).
Controller
Baxter Manufacturing, Inc./Baxter Welding Supply, Inc., St. Louis, Michigan 1997-1999
Responsible for accounting and finance functions for a small manufacturing company and was General Manager for a
sister welding supply company. Established internal control policies and accounting procedures. Responsible for
accuracy of financial reporting in accordance with GAAP, cash management and control, strategic planning, various
monthly and quarterly tax returns, financial analyses, cost accounting and controls system, G/L, P/R, A/R, A/P, capital
expenditures, fixed assets and inventory management.
Initiated job costing system for custom gang rip saw machine production and standard cost system for normal
production items.
Established inventory tracking systems for both companies and identified areas of significant savings in reducing
inventory and associated carrying costs. Project also determined accurate valuation of approximately 250% of
what was previously thought by management.
Led two information system conversions, manual bookkeeping to Quickbooks Pro to BusinessWorks accounting
software.
Early Career Experience:
Yeo & Yeo, P.C., CPAs (2000-2001)
Page, Olson & Company, P.C., CPAs (1999)
Professional Certifications:
Certified Public Accountant
Professional Organizations:
American Institute of Certified Public Accountants
Michigan Association of Certified Public Accountants
Institute of Management Accountants