Manager Sales

RICHARD A. RICE

760-***-**** E-mail: *************@********.***

Director / Controller / Accounting Manager

With comprehensive experience in

Reporting/ GAAP Financial Management/Analysis

Planning/Scheduling

General Accounting Budget Preparation/Administration

Business Analysis

Audit Preparation Staff Management/ Mentoring

Manufacturing Accounting

Pro-active and results-oriented with broad experience in all aspects of

accounting and financial management. Demonstrated hands-on management style

in the development and implementation of strategic plans to ensure company

growth. Solid planning and organizational skills in coordinating all

aspects of each project from inception through completion. Sees big picture

and is not afraid to spend time on the plant floor to understand the

business. Well disciplined with proven ability to manage multiple

assignments efficiently under pressure while meeting tight deadline

schedules. Strong team builder and facilitator, fosters an atmosphere that

encourages talented accounting professionals to excel with maximum

production. Effectively communicates with all levels of management and

personnel. Converts complex information in easily understood formats.

Exceptional computer skills. Open to travel.

PROFESSIONAL WORK EXPERIENCE/ ACHIEVEMENTS

Acting Controller

2008 - Present

Served as a consultant for a privately owned company to evaluate, recommend

and install a QuickBooks front end distribution software package. Start-up

business that lacked systems and controls resulting in non billing of

shipments, missing / misidentified product, no inventory reports and no

financial information.

V Rearranged and relocated inventory in warehouse to help inventory

flow, helped construct pallet racking, tagged inventory locations,

trained warehouse personnel on the use of pick tickets, receiving and

shipping procedures.

V Created financial reports including Income Statements, Bank

Reconciliations, Cash Flow and weekly metrics.

V Managed warehouse and responsible for day to day administration of the

warehouse software.

Corporate Controller

2006 -2008

Aqua-Flo, LLC

Recruited to straighten out the accounting and reporting of this $50

million manufacturing company that had prior year audit adjustments

impacting income of over $3 million, no account reconciliations and

rudimentary reporting. Introduced zero-based annual budget with input from

operating departments. Directly oversaw and lead staff of 4.

V Converted company from purchases accounting to standard cost

accounting with standard variances including, PPV, material usage,

scrap, standard changes, labor and overhead absorption and inventory

adjustments.

V Created detailed staffing and line item department spending and

material spend. Created price volume mix and budget vs. prior year

reconciliation to help management understand the risks and

opportunities in the plan.

V Developed standard reporting package the produced accurate and timely

financial information.

V Implemented account analysis for all balance sheet accounts and key

P&L accounts as part of the month end closing cycle and to facilitate

audit schedules for annual audit.

V Requested workers compensation audits through the insurance company

resulting $100K refund.

Division Controller

2004 - 2006

BEI Technologies

Directed all areas of financial reporting from review of original journal

entries to budget preparation and analysis for two divisions with sales in

excess of $40 million. Reported to the VP/ General Managers at both

divisions, managed two accounting departments for three manufacturing

facilities including two sites in California and one in Mexico.

V Met company deadlines through management of the month-end closing

process by creating and implementing account analysis for all balance

sheet accounts and key P&L accounts as part of the month end closing

cycle.

V Worked with cross-functional departments to assess the "Health of Part

Numbers". Resulted in clean up of BOMs, labor standards, uncovered

over $700K of pricing negotiations and $200K of engineering and

purchasing opportunities.

V Created labor and overtime reports that reduced over time and creating

a $600K in annual savings.

V Provided divisional leadership and management of the Sarbanes Oxley

Section 404 program.

RICHARD A. RICE - Page Two

Director FPA and Cost Accounting

2003 - 2004

Cost Accounting Manager

2002 - 2003

Color Spot Nurseries

Overall authority for companywide inventory costing, standard cost and

manufacturing variances. Tasked with managing the annual budgeting

process, creating new financial reporting formats and developing detailed

analysis reporting for this $200 million grower with 17 facilities spread

over 4 states.

V Managed the zero-based annual budget process including final roll-up

and board presentations.

V Worked with the General Accounting Manager and delivered new

comprehensive financial reports that utilized SAP and eliminated the

unnecessary steps of converting financial reports into Excel

spreadsheets.

V Introduced new monthly sales analysis reports including price volume

mix, comp store sales and product mix using a combination of Business

Warehouse and Excel.

V Redesigned the inventory valuation spreadsheets, streamlining the

month end closing cycle for inventory from 7days to under 3 days.

V Exposed and corrected a $7 million inventory costing methodology

error. Corrected Bill of Materials and tightened standards.

Controller Manufacturing Productivity

2000 - 2002

Senior Financial Analyst

1997 - 2000

Black & Decker, HHI Group

$850+million international manufacturer consisting of 2 major brands

Kwikset (door locks) and Price Pfister (faucets) with 7 manufacturing

plants and 4 distribution sites. Financial leader on new products teams

working with marketing, engineering and manufacturing. Supported Six Sigma

and Global Sourcing. Given full responsibility to develop reports for group

wide cost reduction initiatives in both direct and indirect spending.

V Developed Access database to verify year over year supplier

productivity that tracked cost savings by supplier/ plant/ sourcing

professional and commodity.

V Created supplier score cards for supplier conference that drove $4

million in price reductions, moved $55 million in payables an average

of 20 days and placed over $6 million of inventory purchases on

consignment over a two-day period.

V Worked with Platform Teams, AME, R&D, Plant Managers, Quality

Personnel, Managers/Master Black Belts and Business Team Leaders to

develop, track, verify and understand Six Sigma performance and

objectives.

V Developed project deck to track productivity for direct material cost

out initiatives.

V Worked with Manufacturing, Sourcing and Marketing to establish a core

competency manufacturing strategic assessment model. Designed an ABC

make vs. buy cost spreadsheet that identified and supported a plant

closure resulting in an anticipated annual saving of over $6.9 million

V Financial team leader on a Late Point Assembly Pick-to-Light

manufacturing facility project. Constructed financial models and

annual operating budgets for new Pick-to-Light manufacturing facility.

Collaborated with Director of AME in writing the Business/

Manufacturing Plan for the Pick-to-Light project.

V Represented Kwikset finance on the consolidated Black & Decker

distribution network project. Proposed alternative to management,

which delayed a $40 million capital investment while still realizing

the benefits.

V Presented recommendations and findings of major projects and analysis

to President and Staff.

V Created the budget and set standards for a $50 million start up

manufacturing Plant in Mexico.

V Financial leader on new products teams with projected annual sales in

excess of $20 million. Responsible for development and accuracy of

financial model, projected standard cost and financial feasibility of

projects.

V MAIC trained in Six Sigma Process

Education / Computer Skills / Accounting Software

. B.B.A. in College of Business Major: Accounting University of

Iowa - Iowa City, Iowa

. Windows, Excel, Access, PowerPoint, Word

. SAP, MFG Pro, Avant , QuickBooks

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