Manager Sales

DAVID L. DITTMAN Phone: 805-***-****

***** ****** ***** ** ***: 805-***-****

Moorpark, Ca 93021 E-mail: *********@***.***

SUMMARY:

A hands on executive with an excellent financial and accounting experience

along with a strong commitment to customer needs and expectations. Results

oriented leader with excellent communication and problem solving skills.

EXPERIENCE:

Ontic Engineering & Manufacturing - Chatsworth, CA 2003 -

Present

BBA Aviation plc

Manufacturer and distributor of OEM-licensed aerospace components and

assemblies

Controller

Responsible for all financial functions including accounting,

strategic planning, financial planning, financial reporting, cash

management, reporting, plus responsibilities for Contracts, Customer

Service and Pricing. Had dotted line responsibilities for Accounting

and Finance oversight for 2 other divisions in Colorado and the UK

. Reduced day's receivables outstanding from 54 days in 2003 to 42

days currently, improving cash flow.

. Reduced monthly close from 10 days to 4 days

. Provided all financial data and analysis used plus all due

diligence activities in the sale of Ontic Engineering to BBA

Aviation in Feb 2006.

. Replaced aged and inadequate 401(k) with a Safe Harbor 401(k) plan

which provided better employee reports and services as well as

providing the owners with more income flexibility while minimizing

cost increases.

. Helped establish and monitor an Employee Profit Sharing program

which has improved sales per employee from $215K (2003) to $400K

(2009) with payouts up to 11.5% of annual income for each employee.

. Duties - Month end close, Corporate and Internal Financial

reporting, Budgeting, Cost Accounting, Banking relationships, and

contract negotiations

Smiths Aerospace Actuation Systems - Whippany, NJ 1994 -

2003

A world leader providing electromechanical motion control actuation for the

aerospace and defense industries, a $50M division of Smiths plc (now G.E.

Aerospace) with revenues of $4.4B

VP Finance 1997 - 2003

Responsible for all financial functions including accounting,

strategic planning, financial planning, pricing, financial reporting,

cash management, reporting, IT business systems, including MRP and

Network platforms plus engineering applications, with a staff of 18

and a budget of $2.3M.

. Facilitated a strategic roadmap for company growth, focusing on

core competencies and targeting specific growth market segments,

that has lead to an average annual growth rate of 15% for the past

5 years.

. Guided Strategic Planning at Actuation Systems, so that engineering

and marketing began to target new, specific applications and

customers to penetrate those markets segments, which has yielded an

additional $5M of revenue.

. Extracted data to support measurement of new product line assembly

cell and established metrics to assist in evaluating performance,

which led to a reduction of inventory levels by $275K.

. Established computer assisted methods to make progress payments for

military production contracts possible, which has improved ongoing

operating cash flow by $500K per year.

. Improved all financial management controls so that there was no

Management Letter issued from Pricewaterhouse Coopers for the

fiscal year ending July 2002.

Controller 1994 - 1997

Responsible for all financial functions including accounting,

financial planning, pricing, financial reporting, cash management and

reporting, with a staff of 10 and a budget of $1.1M.

. Facilitated growth and profitability of Actuation Systems from $29M

Sales and $5M loss to $52M Sales and $9M profit.

. Stabilized Manman MRP/Financial cost system by training and

improved reconciliations and procedures. Improved monthly close

from six to three. Achieved costs savings of $75K per year.

. Restored credibility with vendors by making prompt and accurate

payments, which reduced COD transactions and improved Purchasing's

ability to enter into long-term agreements for cost reductions of

$180K per year.

. Improved external audit results from eight major audit points

(March 1994) to no major audit points (March 1995).

Other Experience

Lear Astronics - Santa Monica, CA

Manager Cost Accounting

Manager Financial Planning

Litton Data Systems - Van Nuys, CA

Manager Financial Forecasting

Manager Programs Finance

EDUCATION:

Pepperdine University - Malibu, CA

MBA

San Diego State University - San Diego, CA

BA, Accounting

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