Manager Accounting
Resume:
James N. Meek, MBA, CPA
P.O. Box ****
Hayden Lake, Idaho 83835-3243
************@*****.***
QUALIFICATIONS
Extensive experience as Vice President and Chief Financial Officer,
Treasurer, Manager of Budget and Financing, Controller and Assistant
Controller, Accounting Manager and Chief Accountant, managing investment
portfolios in excess of $250 million. A proven record of adding value to
organizations utilizing treasury, accounting, banking, private and public
financings, risk management and commodities trading skills. Proficient
with computer software such as Excel, Access, PowerPoint and Word.
EXPERIENCE
ROMARCO MINERALS INCORPORATED - Sparks, Nevada
. Chief Financial Officer November 2008-June 2009
Implemented new accounting software (Microsoft Dynamic GP) and
converted former accounting system within three months and 25% under
budget. Developed new general ledger chart of accounts, cost
accounting codes and management reports in GP. Instituted change of
the functional currency from CAD to USD. Completed the Company's
first private brokered placement of C$27.4 million. Established
website for all corporate due diligence documents for the private
placement and completed the due diligence process in three weeks.
Prepared the annual information return (AIF) and initiated TSX listing
application. Prepared quarterly filings of financial information on
SEDAR.
STERLING MINING COMPANY - Coeur D'Alene, Idaho
. Chief Financial Officer May 2005-October 2008
Prepared Form 10 filing with the SEC and subsequent filings of Forms
10-K, 10-Q, 8-K and Form 3, 4 and 5 with the SEC to meet the
requirements of becoming a publicly traded company. Upgraded the
Company's stock from a Pink Sheet listing to Over the Counter Bulletin
Board (OTCBB). Responsible for filing and meeting the requirements
for the Company to be listed in Canada and obtaining a ticker symbol
and trading on the Toronto Stock Exchange (TSX). Directly responsible
for filing the S-1 registration statement with the SEC and meeting the
requirements of the Ontario Securities Commission and the Toronto
Stock Exchange (TSX) for a public offering. Conducted Audit Committee
calls and preparation of financial statement for the Board of
Directors. Coordinated the development of a new chart of cost
accounts, forecasting templates and implementation of a new accounting
software package. Updated corporate by-laws (established in 1903) and
articles of incorporation (prepared in 1952). Completed five private
equity and other financings of approximately $50 million USD.
CENTURY MINING CORPORATION - Blaine, Washington
. Controller (consulting basis) April 2005 - May 2005
Responsible for preparation, providing auditor's schedules and filing
audited financial statements with Sedar for Century Mining Company and
Tamerlane Resources Inc. Prepared and filed unaudited financial
statements for the same two companies.
SUMMIT ASSURANCE - Columbus & Billings, Montana
. Sarbanes-Oxley 404 Auditor/consultant June 2004 - March 2005
Responsible for managing a team of four internal audit staff for
Sarbanes-Oxley 404 internal control compliance requirements at
Stillwater Mining Company.
COEUR D'ALENE MINES CORPORATION - Coeur d'Alene, Idaho
. Treasurer and Manager of Budget and Forecasting 1999 - 2004
Responsible for managing financial assets, a portfolio in excess of
$250 million, conversion of debt to equity, preparing and
administering all aspects of the budget and forecasting process, and
analyzing the budget versus actual cost variances for foreign and
domestic operations. Managed corporate insurances, and authorized
foreign currency and commodity hedged positions. Conducted all
aspects of metal sales.
. Assistant Treasurer and Manager of Budget and Forecasting 1998 -
1999
Assisted the Treasurer in managing the design and implementation of
financial policies and oversaw management of long-term commitments.
Responsible for preparation of aspects of budgeting, forecasting and
variance analysis.
. Manager of Budget and Forecasting 1995 - 1998
Responsible for managing current and five-year budgets and forecasts.
. Chief Budget Accountant 1993 - 1995
Acted as liaison between the accounting department and information
systems department.
ASARCO INCORPORATED - Wallace, Idaho
. Accounting Manager 1990 - 1993
Supervised accounting staff of 11 in the preparation of financial
statements for two mines and seven departments, including purchasing,
accounts payable, payroll, and financial reporting.
. Chief Accountant 1983 - 1990
Directed accounting and control functions of each site and prepared
annual and five-year forecasts. Prepared 10K and other regulatory
reports.
. Assistant Chief Accountant 1979 - 1983
Responsible for preparing journal entries, financial reports and
financial and capital forecasts.
. Metallurgical Accountant, Asset Management 1976 - 1979
Prepared metallurgical inventory details, reviewed settlement reports
and coordinated concentrate shipments. Maintained asset listing and
physical inventory of assets.
ACCOMPLISHMENTS
TREASURY, BANKING AND FINANCING
. Conducted 3(a)(9) transactions and contacted financial institutions
involved to exchange equity for debt, which reduced debt by
$240,000,000 over a three year period.
. Completed private equity offerings of approximately $50,000,000 USD
with registration of the shares with SEC and $27,000,000 CAD with
registration with the TSX.
. Obtained preliminary approval from the Ontario Securities Commission
and the Toronto Stock Exchange (TSX) for listing the Company in
Canada.
. Researched, identified and negotiated with a syndicate of private
investors to provide the $1,300,000 funds necessary to pay a balloon
payment on a corporate office-building loan, which averted default and
prevented default covenants.
. Developed and implemented a peso hedging program that hedged
$14,500,000 of non-deliverable forward pesos to mitigate the financial
impact of the foreign currency exposure, which saved $750,000 in one
year.
. Coordinated and negotiated with existing heavy equipment leasing
companies and secured a $2M increase in the line of credit, which
enabled the mine to lease three essential pieces of equipment.
. Coordinated with bank and facilitated changes to condense eight
accounts to two, which reduced exposure and saved approximately $1,000
per month in bank fees and costs.
RISK MANAGEMENT
. Developed and presented a model for evaluating economic loss to
company due to the failure of underground shaft at Galena Mine and
negotiated a settlement with insurance carrier of $1,550,000 which
offset repair costs and provided funds for other purposes.
. Researched, analyzed and discovered two years of duplicate payments to
insurance carrier and negotiated a refund of $185,000 in first year as
treasurer.
. Reviewed the fluctuations in New Zealand currency rates and negotiated
a reduction in the US bond amount with the surety company which
reduced bond requirement $963,000.
. Negotiated with insurance carrier for a three-year policy for crime,
fidelity and special crime to lock in lower rates during a time when
policy rates were increasing, which saved $3,000 annually.
COMMODITIES TRADING
. Negotiated with a refining company to hold refining costs and extend
contract from one to two years in exchange for a larger commitment of
material, which resulted in saving $120,000 from the original
proposal.
. Assumed the duties of a previously contracted commodity trader to sell
gold/silver and advise the company on smelting and refining contracts,
which saved approximately $85,000 in fees and provided more discretion
on the timing of receipt of payment for commodity sales.
. Coordinated with the attorneys representing the company in a
bankruptcy case and testified regarding the metals owned by the
company, which contributed to collection of $749,000 in monies owed
the company.
EDUCATION / CERTIFICATIONS / AFFILIATIONS
. Bachelor of Arts - Mathematics and German - Rocky Mountain College,
Billings, Montana
. Master of Business Administration - University of Idaho, Moscow,
Idaho
. Certified Public Accountant - State of Idaho
CONTINUING EDUCATION
. J&H Marsh & McLenan Risk Management Concepts
. Oracle Education (Oracle General Ledger, Data Query [V4], Browser
[V2], Financial Statement Generator Reporting II, Accounts Payable,
Inventory Financial Applications)
. North Idaho College (Introduction to Spreadsheets [Lotus], Advanced
Spreadsheets, Dbase III, Business Law, Introduction to Computer
Algorithms [Pascal], Intro to Basic Computer Programming, Computer
Programming [Cobol], Computer Programming [Basic, Fortran], Excel
2000)
. Colorado School of Mines (Economics Evaluation)
. The University of Chicago Graduate School of Business (Basics of
Options, Futures, and other Financial Derivatives)
COMMUNITY SERVICE
. Department of Health and Welfare, State of Idaho, Region 1,
Advisory Board Member
. School District 393, Wallace, ID, Past Vice Chairman, Board of
Trustees
. City Recreational Youth League, Basketball, Baseball, Football,
Wrestling Coach
. Big Brothers, Big Sisters, Volunteer
. Coeur d'Alene Ironman Triathlon, Volunteer
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