Wendell D. Faulkner, Jr.

**** ******** ****

Odessa, Texas 79761

Home: 432-***-****

Work: 432-***-****

Mobile: 432-***-****

Email: abm42r@r.postjobfree.com

Job Experience Chief Financial Officer, American Safety Services,

Inc, Odessa, Texas, June 2008 to Present

Reorganize existing corporate accounting/reporting and

restructure financial obligations for multi state oil & gas

service and safety company with annual revenues exceeding

$32 million.

. Created an accounting department that now generates

accurate and timely financial reporting formerly

undertaken by an outside CPA firm.

. Rebuilt banking and vendor relationships through

personal contact and work out agreements.

. Realigned the Accounts Receivable and Payable

departments implementing collection processes,

reconciliation procedures and disbursement controls.

. Currently redesigning and centralizing the purchase

order and inventory processes to include personnel

reassignment/procurement, accuracy of invoicing, and

establishing expense controls.

. Pursuing the liquidation of under utilized assets.

. Reviewing other revenue sources to counter slowdown

in industry.

Chief Financial Officer, Graham Brothers Entertainment, Odessa,

Texas, January 2006 to June 2008

Overall financial responsibility for some 100+ entities operating

in 8 states with annual revenues exceeding $65 million,

primarily involved in the entertainment industry, real

estate development and retail outlets.

. Revamped the existing accounting structure to

accommodate the speed and accuracy of financial

reporting to financial institutions, taxing

authorities, and related parties. Designed & mapped

computer conversion targeted for 2008.

. Uncovered major reporting discrepancies in

previously filed state and federal tax and franchise

tax returns and replaced the outside CPA firm.

. Responsible for day to day management of the home

office including personnel.

. Oversight of all legal and insurance matters.

. Direct responsibility for all banking relationships

including loan acquisitions and investment

opportunities.

. Performed due diligence on proposed business

opportunities and audit progress of existing real

estate projects.

. Established operational procedures for new business

ventures.

Controller, Business Investment and Development Corporation,

Odessa, Texas, March 2000 to January 2006

Controller of parent corporation, its 28 subsidiary companies,

and 176 franchised operations throughout the United States.

Serve on parent company's Board of Directors.

. Formatted and initiated the consolidation of 38 profit

centers into their respective 28 subsidiary corporations

with roll up into the parent for monthly financial

statement generation. In the company's 25-year history

and for a company generating $10 million in annual

revenues, management had previously only received

consolidated financial information from their outside

CPA firm upon completion of the year-end audit.

. Introduced a lease-to-own plan for conversion of company

owned franchises into independently owed operations.

This implementation

eliminated a cumulated loss from 1997 of approximately

$2.1 million and today represents $240,000 in annual

revenues.

. The lease-to-own concept was extended to vehicles and

presently returns an additional $356,000 annually.

. Established charge-off retention system with collection

procedures that are responsible for bad debt recoveries

of $237,580 in 2004 and $184,867 in 2003.

. Improved franchisee-reporting processes from +90 days to

within 1 week. The result has been a 131% increase in

corporate cash flow over the past 2 years.

. Formalized the corporate reporting processes and filed

or amended income/excise/franchise tax reports involving

10 states from years ending 9/26/1997 forward.

. Departmentalization and specialization of accounting and

IT personnel, now totaling 10 individuals with a call

center support staff of 24, has reduced the completion

and delivery time of the annual audit by 2 months.

This year's audit was finalized 45 days after year-end

and at cost savings of $15,000.

. Strengthen and updated the franchise agreement to

further limit franchisor liability and to provide

provisions for secured transactions between

franchisor/franchisee.

. Currently researching and diagramming a proposed web

based franchisee-reporting system that will provide real

time data integration into the accounting system.

Deputy Fiscal Officer, La Esperanza Clinic, San Angelo, Texas,

December 1999 to March 2000

Direct control of clinic's financial matters funded by

federal and state grants, totaling $2 million.

. Uncovered misappropriations of state and federal grants

and provided evidence to the Board of Directors and Texas

Department of Health.

. Reorganized the accounting computer systems operating on

MIP and Medical Manager software.

. Reconstructed 1999 financial data including payroll due

to data base corruption. Implemented audit procedures

and controls.

. Compiled all federal, state, and local reports associated

with this non-profit medical facility.

. Coordinated and oversaw funds distribution for compliance

with grants and applicable contracts.

. Established dedicated fund accounts with banking

relationships.

Owner, Faulkner Consulting, Odessa, Texas, March 1999 to November

1999

Analyze, design, and implement accounting and financial systems

for small businesses, including computer programming, data

conversion, and training. Interview existing and potential

personnel to insure continuity and profitability. Draft

operational manuals including personnel, departmental,

and directorial policies. Establish monetary processes

including budgeting, forecasting, and cash flow. Establish

or improve company's accounting and auditing processes.

Review required governmental and taxing authority reporting

for content accuracy and timeliness. Maintain open

communications with company's CPA firm and its lenders to

assure new systems and procedures are in compliance with

GAAP and all depositories and loan agreements, respectively.

Engaged to prepare business plans for clients seeking

alternative financing. Final objective is achieving an

accounting and management system that is self sufficient and

provides the company's decision makers with the tools

necessary to compete in the ever-changing business

environment.

Director of Marketing, Holloman Corporation, Odessa, Texas,

September 1998 to February 1999

Reestablish customer-call program, identify new business

prospects, contact and continue relationships with existing

customer base. Create advertising and sales programs.

Responsible for community relations, donations and

sponsorships. Designed and programmed company's computer

slide presentation for use in trade shows. As a member of

company's management team, integral part of company wide

decision making processes.

Chief Financial Officer, J & R Casting Company, Odessa, Texas,

August 1994 to July 1998

Human resources and personnel management including payroll and

benefit programs. Cash flow management, budgeting, and

forecasting. Financial control of company assets and

liabilities and all State and Federal reporting

requirements. Initiated auditing, job costing and inventory

controls. Implemented a fully computerized bookkeeping

system utilizing the Peachtree accounting software and

finalized Year 2000 compliance. Direct

control over accounts payable and receivable. Responsible for

asset acquisition/disposal and maintained banking

relationships.

Senior Vice President/Interim Cashier, Bank of the West, N. A.,

Odessa, Texas, May 1984 to July 1994

Personal commercial and a consumer loan portfolio comprised 61%

of bank's total loans; also, directly supervised Loan

Administration Department. As Interim Cashier for eight

years, responsible for overall bank operations, auditing and

regulatory reporting. Managed staff of 10 employees,

including 1 officer. Taught several semesters of Principles

of Banking for Odessa chapter, AIB.

Assistant Vice President, Texas Commerce Bank, Odessa, Texas,

June 1981 to April 1984

Commercial lending. Organized and established controlled funding

while department head for Loan Operations. Managed staff

consisting of 1 officer, 2 management trainees

and 10 clerical employees. Extensive training in Financial

Accounting and Auditing Departments.

District Manager, Zales Corporation-Fine Jewelers Guild Division,

Corrigan's Jewelers, Austin, Texas, September 1976 to May

1981

Responsible for operations of 3 retail outlets, Austin, San

Antonio, and San Angelo. Achieved company's Top Ten

Salesman Roster for 3 consecutive years. Supervised 21

employees, including 2 store managers.

Education The University of Texas of the Permian Basin, Odessa, Texas

B.B.A. in Management, 1986

(30 hours in undergraduate and graduate accounting)

The University of Texas at Austin, Austin, Texas

Attended 1971 to 1976.

Major: Architectural Engineering and Finance

References Mrs. Penni Chambers, CPA, Griffin & Howell, P.C., Odessa,

TX, 432-***-****

Mr. Larry Jones, President, Odessa Nut & Bolt, Inc.,

Odessa, TX, 432-***-****

Mr. Tim Edgmon, Insurance Broker, Edgmon Insurance Agency,

Odessa, TX, 432-***-****

Contact this candidate