RICHARD E. BOERGER

*** *. ******* ****, ******, CA 91722~ 626-***-**** (H) 626-***-**** (C)

abmnia@r.postjobfree.com

____________________________________________________________________________

SENIOR FINANCIAL MANAGEMENT

Strategic Financial Planning ~ Manufacturing ~ Accounting Systems

Management Budgeting ~ ERP Systems Implementation ~ Cost Accounting~

Forecasting ~ Capital Planning ~ Banking Relations HR Policies & Procedures

~ Payroll ~ IT Systems Implementation ~ Start-Up ~ Due Diligence ~

Leadership ~ Team Building

* Results driven, broad based financial management executive with extensive

hands-on experience in managing all business functions related to

Finance, Information Technology and Human Resources. Solid background in

accounting systems, financial reporting, forecasting and budgeting,

strategic planning, ERP system implementation, and personnel policies &

procedures.

* Demonstrated skill in identifying area of strength, developing and

implementing policies, standards, and continuous process improvement and

change management to ensure optimal operational outcomes to increase

performance and efficiency. Proven record of leading three major computer

system implementations including ERP systems.

* Extensive Cost Accounting background including Standard Cost Development,

Bills of Materials, Routers, Work Orders Costing, Physical inventory,

Product costing & yield analysis, Variance analysis & reporting and

Product cost reductions.

* Known for success in managing by influence and working with cross-

functional teams to achieve successful results. Exceptional management

and team building skills with proven record in the start-up of

accounting, finance and IT departments. Excellent communications, problem

solving, negotiation, planning and implementation skills.

* Managed all major financial functions including; General Ledger, Cost

Accounting, AP, AR, Payroll, Treasury, Cash management/forecasting, Risk

Management and financial reporting.

CAREER HISTORY

Director of Finance / Controller

2006-Present

Osmetech Molecular Diagnostics, Pasadena CA - a medical device

manufacturer.

Responsible for Facilities, IT and all Financial aspects of Biotech Company

making transition from R&D to commercial operations.

. Implemented QAD ERP system in three months

. Set up Cost Accounting system - Developed standard costs, BOMs and

routers. Tracking and analysis of Material, Labor, Method, Scrap and

PPV variances. Product costing analysis. Yield tracking and reporting.

Work order analysis. Inventory control and annual physical count.

Excess and obsolete analysis. Product cost reduction initiatives.

. Implemented payroll and timekeeping system

. Took over benefit and risk management from sister division

. Financial and Operational planning and budgeting

. Cash Management

Senior Manager Corporate Financial Planning and Analysis / Plant Controller

2005-2006

International Rectifier, El Segundo CA - a multi national manufacturer of

silicon chip assemblies

Responsible for Corporate FP&A and Plant Controllership of this publicly

traded company with revenues of $1 billion and international operations.

Originally hired as Plant Controller for facility that was scheduled to be

closed. After five months I was also given responsibility for company's

largest wafer fabrication plant, located in Temecula. Four months later I

was asked to manage the corporate FP&A group.

. Reduce time to close by 45 man hours at Temecula facility.

. Operational planning for two wafer manufacturing plants.

. Work order costing and variance analysis. Yield and Capacity analysis.

Plant Absorption analysis and reporting on weekly, monthly and quarterly

basis.

. Standard costs roll ups.

. Streamlined CFP&A planning procedures.

. Increased efficiencies in forecast models

My major impact at IR has been to go into dysfunctional areas and get them

on track.

CFO / Controller

2000-2004

ZLB Bioplasma, Glendale, CA - US sales and distribution division of

multinational manufacturer

Responsible for all finance, accounting, financial reporting, information

technology, sales reporting and customer service functions in this $165M

Biotech company with 85 employees.

. Negotiated with two large customers for the early payment of $16M

allowing early cash to be reported as cash from operations resulting in

parent company ability to improve earnings forecast given to Australian

Stock Market thus strengthening stock price.

. Designed an integrated forecasting planning tool that allowed marketing

and sales to work from off-site to get forecasts in that were then fed to

the financial model and automatically generated P&L, balance sheet and

cash flow statement reducing forecasting time from 2 weeks to 1 day.

. Partnered with marketing staff to devise a method of forecasting and

prioritizing expenses and set up projects in the ERP system to track

actual expenses as incurred allowing marketing to utilize its reduced

resources most efficiently.

. Set up complex banking structure for sister company involving lock boxes,

ZBAs, armor car deliveries and pick ups in multiple states with several

different banks.

. Recruited field engineer from our bankrupt telecom provider, contracted

with both the hardware supplier to buy straight from manufacturer and

field service company to install the new telecom system resulting in new

system in place and operating in time for new office opening and halving

the $40K loss on the original equipment order.

Director of Accounting 1985-

2000

Alpha Therapeutic Corporation, Los Angeles, CA - a manufacturer and

distributor of biological medicines

Responsible for Operational Accounting Group comprised of three cost

accounting departments, accounts payable, payroll and fixed assets for this

$350M company with 2,300 employees.

. Developed a plan to change production mix to recover unfavorable

absorption variance thus adding $1M to the bottom line.

. Set up system to forecast manufacturing yields on weekly/monthly basis.

. Set up variance tracking and reporting system. Updated Manufacturing

Management on variance performance daily.

. Annual Physical inventory reduced from 7days to 3 days.

. Automated Bills of Material and Work Orders then converted to ERP system.

. Created an analysis that allowed for variable inputs from a product line

output that was then linked to a financial model that could predict

income, cost of sales, plant absorption, variable expenses and net income

before tax that allowed user to vary inputs to optimize output of product

lines in order to maximize top and bottom production.

. Lead the Accounts Payable, Purchasing and Inventory Control portion of a

new ERP system implementation including training staff in each department

in systems usage that resulted in developing trust in ERP system

integrity and viability.

. Improvised an MRP system using a PC data base program that allowed

production planning to change bills of materials, input the production

plan and compare requirements against downloaded on hand balances

resulting in greatly reduced purchases of materials and reduced stock

outages to zero.

. Created and implemented an automated inventory costing and control system

that self reconciled to the ledger, and reduced the reconciliation time

from 15 days to 1 day thereby allowing cost accounting to stay in time

with manufacturing and give timely feedback to manufacturing management.

. Developed and implemented a system that prioritized payables into must

pay, should pay, and can wait while negotiating with suppliers for

longer payment terms and forgiveness of certain charges that insured that

no critical supplier or governmental agency could shut down production.

Inventory Accountant

1984-1985

Jafra Cosmetics, Westlake, CA

EDUCATION

B.S. Accounting Theory & Practice, California State University, Northridge

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