**** ****** ****** ******* *. Samples, CPA 541-***-**** Cell
Sweet Home, Oregon 97386 *********@*******.***
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SUMMARY
Innovative finance professional with a well-balanced blend of public and
private experience. Self-starter with superior analytical and problem
solving abilities. Excellent communication skills and a team player.
Strong information technology skills.
PROFESSIONAL EXPERIENCE
ENTEK Manufacturing, Inc., Lebanon, Oregon 2006 to
2008
ENTEK is a privately held manufacturer of custom extruder equipment
replacement parts and turn key manufacturing lines for the plastics
industry with installations worldwide. ENTEK follows Lean Enterprise
techniques as developed from the Toyota Production System. Lean strives to
eliminate waste throughout the organization, leading to shorter lead times,
reducing non earning assets and improved profits.
Controller
Responsible for the entire accounting process, treasury, operational and
financial reporting, and maintaining banking and insurance relationships.
Oversee the accounting and revenue recognition for percentage of
completion, fixed fee, and time and material projects. Provide analytical
support to the manufacturing and sales departments in order to maximize
financial performance. Member of the management team setting company
policy and implementing organizational goals.
. Completed the implementation of a partially failed MS Dynamics Ax ERP
system conversion. This included bringing up the general ledger,
project, accounts receivable, accounts payable and inventory
management modules to a functional state.
. Reduced the financial month end closing cycle from 17 work days to 5
work days.
. Reduced average accounts receivable days outstanding from 101 days to
less than 40 days.
. Negotiated with the bank to grant an extension to bring loan covenants
into compliance. The Company was granted 12 months to return to
compliance, but was back into compliance within 6 months.
. Collected over $700,000 in at risk receivables up to 2 years past
due.
. Helped to reduce on hand inventory by 30%.
. Developed return on investment and total cost of ownership tools for
sales staff in order to increase sales closings and help potential
customers justify their investments.
. Implemented a plan that reduced the outstanding balance of the
operating credit line from a level of 99% to 0% between September 2006
and July 2007. Negotiated lower interest rates of 75 basis points
over a 2 year period.
. Implemented management reporting systems to track indirect labor time
and CNC equipment spindle run time in order to identify and manage
sources of lost productivity.
. Developed new labor, overhead and machine burden job costing rates
that had not been updated for 3 years.
. Participated in the implementation of a shop floor time collection
system for both labor and machine time by project and production
order.
. Participated in Lean projects to eliminate unnecessary procedures and
paperwork.
. Helped increase gross margins by 15%
William J. Samples
Page 2
Stimson Lumber Company, Portland, Oregon 1988
to 2006
Mid sized privately owned forest products company with over 2,300 employees
at 14 manufacturing facilities located in Washington, Oregon, Idaho and
Montana. The company also owns and actively manages approximately 500,000
acres of industrial timber holdings.
Regional Controller - Western Operations
Responsible for the complete accounting process, including general ledger,
invoicing, payroll, accounts payable, accounts receivable and fixed assets.
Direct management of the information technology group from 1990 through
2000, operating in an integrated AS\400 and Windows NT environment. Design
and implement information technology and accounting solutions to meet
changing operational requirements. Prepare annual budgets, rolling
quarterly forecasts and long-term cash flow projections. Develop extensive
management reports for use by operating personnel. Prepare monthly
financial statements and quarterly board of director reports. Prepare the
consolidated financial statements for external reporting. Develop
accounting policies and procedures. Evaluate business opportunities and
capital plant investments. Supervise staff levels as large as twenty-
eight, including eight professionals and twenty support staff.
. Led the effort to simplify the corporate structure by combining four
subsidiaries into the parent company, resulting in a streamlined and
more cost effective organization.
. Integrated three autonomous accounting departments into one
centralized office, generating cost savings in excess of $500,000
annually and significant operating efficiencies.
. Developed effective partnerships between finance and operations that
achieved strategic goals and improved operational performance.
. Prepared in depth financial analyses used in the evaluation and
financing of two major acquisitions consisting of five manufacturing
facilities and 120,000 acres of timberland.
. Led the effort to select, purchase and implement a corporate wide
hardware and software solution, eliminating three incompatible
installations and generating operating savings of over $350,000
annually.
. Designed and implemented necessary accounting and information systems
to maximize the efficiencies of the finance functions of acquired
business units.
. Successfully implemented a vendor managed inventory system covering
over 20 distribution centers of The Home Depot and other large retail
customers. Improved inventory control, reduced stock, improved days
to pay and greatly reduced short pays. Contributed to Stimson
becoming The Home Depot Vendor of The Year 2005 - Building Products
Division.
. Led the effort to design and develop a custom accounting and
management information system solution for one of the company's major
business units. Implementation resulted in accounting work force
savings of $125,000 annually, a 50% reduction in the time it takes to
produce month end financial statements and significantly improved
management performance reporting.
William J. Samples
Page 3
KPMG Peat Marwick, Anchorage, Alaska 1981
to 1988
Audit Manager
Progressively responsible positions from assistant accountant to manager,
July 1985. Responsible for all aspects of a diverse mix of audit
engagements, with a specific focus on financial institutions. Experience
with several business structures, including corporations, partnerships,
joint ventures and operating trusts. In addition to financial statement
audits, specific engagement experience includes profit improvement studies,
merger accounting, information technology conversions, internal control
reviews, public stock and debt offerings, and income tax planning.
Experience with Securities and Exchange Commission reporting requirements.
Taught continuing education courses on a national and local level.
. Participated in the merger of three distressed financial institutions
under an agreement with the Resolution Trust Corporation. Responsible
for converting the general ledger, loan and deposit databases from
three separate systems into one, without affecting customer service or
access to accounts.
. Participated in two financial institution profit improvement studies,
with the goal of increasing equity reserves to meet regulatory
requirements. Responsible for evaluating overall loan portfolio
quality and loan loss reserves. Evaluated individual branch
profitability contributions.
. Participated in an IPO for a statewide bank. Reviewed offering
prospectus financial information for accuracy.
. Participated in multiple mortgage revenue bond issues by a state owned
mortgage corporation. Reviewed financial information for accuracy and
reviewed underlying mortgage loan collateral for value and quality.
EDUCATION
Masters of Business Administration (June 2002)
University of Oregon, Oregon Executive MBA Program, Portland, Oregon
Bachelor of Science in Business Administration - Accounting (March 1981)
Oregon State University, Corvallis, Oregon
MEMBERSHIPS AND ACTIVITIES
. Certified Public Accountant, State of Oregon.
. St. John Fisher School Board Member 1994 to 2000, Chairman Finance
Committee 1995 to 1999.
. St. John Fisher Parish Finance Board Member 1995 to 2000.
. Tualatin Little League Board Member 1995 to 1996