Accounts Payable Plant

F. FAY BAILEY ***** Myers Road, Athens, AL ***** * Home: 256-***-****

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

SUMMARY OF QUALIFICATIONS

Effective communicator with senior-level executives, divisional management,

plant-site managers, financial and non-financial personnel, office and shop

floor. Innovative, results-oriented financial professional with

progressive management experience and demonstrated ability leading the

financial function of manufacturing operations with up to 340 employees and

$65 million in sales. A self-starter, assess situations, identifies

critical tasks, implement decisive actions, and monitor results. Maintain

the highest level of professional ethics and personal integrity at all

times.

KEY COMPETENCIES

Financial Statement Preparation Educating

and Mentoring

Budgeting and Forecasting Relationship &

Team Building

Operational and Financial Analysis Sarbanes

Oxley Compliance

AP, AR, & Payroll Management Cost and

General Accounting

Computer Skills - JBA, SAP, MAPICS, IDEAS, Auditing

and Internal Controls

HYPERION

PROFESSIONAL EXPERIENCE

Federal Mogul, Athens, AL, 2008 to 2010

A tier one and tier two supplier in the automotive industry in addition to

supplying the industrial truck and marine markets.

Controller

Responsible for management, direction and coordination of the plant

financial operations including P&L reporting, budgeting and forecasting,

Sarbanes Oxley compliance, Hyperion, Standard Cost Accounting, General

Accounting, Payroll, AP, Fixed Assets and audit of the annual physical

inventory.

. Updated plant finance department structure, including a head count

reduction, while supporting company initiative on reducing plant

monthly closing time from 5 to 3 days.

. New finance department structure resulted in an annual cost savings in

excess of $150K.

. Accounting team development including cross training of Accounts

Payable and Payroll.

. Initiated monthly Plant Staff Manager's financial reviews.

. Complete physical inventory of fixed assets which had not been done in

over 6 years.

Plastech Engineered Products, Kenton, TN, 2007 to 2008

A tier one and tier two supplier in the automotive industry. Plant closed

in 2008.

Controller

Responsible for management, direction and coordination of the plant

financial operations including P&L reporting, budgeting and forecasting,

Cost Accounting, General Accounting, Payroll, Accounts Payable and

coordination and valuation of annual physical inventory.

. Consolidated Accounts Payable with corporate resulting in $35K annual

savings at Plant level.

Kongsberg Automotive/Milan Seating Systems, Milan, TN, 2001 to 2007

Milan Seating Systems was a division of Intier Automotive; the parent

company is Magna International. Milan was sold to Kongsberg Automotive in

June 2005. A tier one and tier two supplier in the automotive industry of

headrests and armrests.

Assistant Controller/General Accountant, 2003 to 2007

Responsible for month-end/year-end close including liaison with

internal/external auditors, tracked cost of tooling and capital

appropriations proposals in excess of $1,000,000, assisted in quoting of

new business and annual operating plan.

. Part of SAP implementation team.

. Assisted in acquisition due diligence for sale of Milan Seating to

Kongsberg Automotive.

Controller 2001 to

2003

Responsible for management, direction and coordination of the plant

financial operations including P&L reporting, budgeting and forecasting,

Hyperion, Standard Cost Accounting, General Accounting, Payroll, Accounts

Payable, Fixed Assets and Information Technology. Assisted quoting of new

business. Six direct reports.

. Implemented standardized closing process to include reconciliation of

accounts.

. Restructure of Information Technology resulting in annual cost

savings of $65K.

Plastech Engineered Products, Kenton, TN, 1998 to 2001

A tier one and tier two supplier in the automotive industry.

Controller

Responsible for management, direction and coordination of the plant

financial operations including P&L reporting, budgeting and forecasting.

Cost Accounting, General Accounting, Payroll, Accounts Payable, approval of

all purchase orders and coordination and valuation of annual physical

inventory.

. Transferred the Accounting function from Bryan, OH plant to Kenton, TN

facility.

. Implemented month-end and year-end close procedures to include account

reconciliations.

. Implemented ABC method of cycle counting inventory.

Murray, Inc, McKenzie, TN, 1997 to 1998

A manufacturer of lawn and garden and outdoor recreational equipment.

Controller

Responsible for management, direction and coordination of the plant

financial operations including P&L reporting, budgeting and forecasting,

Standard Cost Accounting, General Accounting, Payroll, Accounts Payable and

involved in quote preparation for sales of walk behind product.

. MRO purchasing - implemented a consignment program with major vendor.

. Re-negotiated fork lift leases resulting in a 35% reduction in cost.

EKCO/GLACO, Ltd, Jackson, TN 1994 to 1996

A manufacturer/reglazer of commercial baking pans.

Accounting Supervisor

Responsible for supervision, direction and coordination of the plant

financial reporting including P&L reporting, General Accounting, Payroll,

Accounts Receivable and Accounts Payable.

. Reduced past due receivable by 75% within four months.

. Developed new management Profit & Loss statements using report writer

on Mapics.

. Converted Accounting System to a Windows based system, Great Plains.

. Assisted in acquisition due diligence for sale of manufacturing plant.

Thomas & Betts, Memphis, TN 1988 to 1994

An $800 Million worldwide electrical and lighting manufacturer.

Accounting Supervisor 1989 to 1994

Responsible for General Ledger, Accounts Payable and Payroll for four

plants: one in Sparks, Nevada and three in Southaven, MS.

. Increased Days payable outstanding from 35-56 days over a 12-month

period.

. Created Lotus program for plant and consolidated budgets and

developing departmental Standard Cost.

. Prepared written procedures for Accounts Payable and Payroll.

Financial Analyst 1988 to 1989

Responsible for monthly forecast preparation and closing entries, Income

tax and 1099 reporting.

National Bank of Commerce (Assistant Controller), 1986 to 1988

Malone & Hyde (Financial Analyst and Internal Auditor), 1983 to 1987

Hyster Co. (Financial Analyst/Internal Auditor, 1979 to 1983

EDUCATION

Bachelor of Science in Business Administration with a major in Accounting,

University of Tennessee, Knoxville, Tennessee.

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