Accounting Real Estate

Bill A. Tidmore - CPA (inactive)

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

Fullerton, CA 92835 ********@**********.*** Mobile: 310-***-****

FINANCIAL EXECUTIVE

Big 4 CPA with 22 years experience in public and private accounting, 16

years in manufacturing is seeking a CFO/ VP Finance or Controller role

depending on the size of the company that offers career opportunities.

Self motivated problem solver, high energy team player who in various

Senior Management roles as Chief Financial Officer, Director of Corporate

Accounting, Division Controller/VP Finance, and Plant Controller has

consistently demonstrated the ability to turnaround underperforming finance

departments, streamline and automate processes, and implement management

systems that have significantly reduced closing times, lowered audit fees

and increased the bottom line.

o More than 20 years of progressive experience in public and private

accounting mostly in the manufacturing sector where I have

always been a business partner with the operations. Consider myself to be

a businessperson not just an accountant.

Good understanding of Information Systems and have been involved

in several system conversions.

o Mergers and acquisition experience, due diligence, financial analysis,

valuation accounting.

o A people person, who leads by example, exercises good judgment, has good

communication skills, uses common sense, and is not afraid to

make tough decisions. Never had an audit adjustment booked on my watch.

PROFESSIONAL EXPERIENCE

PROCESS FAB INC, Santa Fe Springs, California Jun 2008 - December 2009

$45 Million privately held contract manufacturer for the aerospace industry

Chief Financial Officer

Responsible for all financial reporting as well as the budgeting

process, treasury function, risk management, managing the debt covenants

and acting as a liaison between the two primary shareholders. Reported

to the CEO with a dotted line to the Chairman. Process Fab was run with

no real accounting department for over 25 years.

. Created the financial reporting package that satisfies the needs of

external users.

. Got the external audit completed in three weeks, and got the bill

reduced by 37.5%.

. Got the closing process down to five business days.

. Changed the banking relationship to a modern approach that meets the

creditors requirements.

. Negotiated all new insurance coverage, worker comp, general liability,

auto, umbrella, etc.

. Set-up textbook internal controls that previously didn't exist.

kik custom products, Santa Fe Springs, California Mar 2000 - Apr 2008

$1.5 Billion privately held bleach manufacturer and contract manufacturer

for the name brands.

Division Controller / VP Finance

Fiscal responsibility for the $250 million private label bleach division

reporting to the CFO. Division had 10 plants in North America that

ranged in size from $10 million to $40 million in revenue. Worked with

the CFO and the Regional General Managers to develop long and short-term

business strategies, implement best practices, coordinate the budgeting

process, prepare rolling forecasts, approve capital projects, work with

plant management teams to assure focus on obtaining business objectives.

Prepare MD & A of the operating results including appropriate financial

analysis, ensure timely completion of month-end and year-end process.

Had 13 direct reports.

. Recommended closure of Northern California plant which generated

annual savings of a million dollars.

. Negotiated and recovered over a $100,000 in old receivables from the

preacquistion days.

. Recovered $50,000 on real property tax bill by catching an error made

by the taxing authorities and reduced the bill going forward by

$10,000 a year.

. Recovered over $50,000 in sales tax erroneously paid to pallet

supplier, as pallets are not taxable.

. Significantly lowered energy costs by working with SCE taking

advantage of rebates and other programs.

. Reduced head count at most of the 10 plants generating annual savings

of more than $300,000.

Roller bearing company of america (rbc), Santa Ana, California Oct

1996 - Mar 2000

$250 Million publicly traded manufacturer

Division Controller

RBC manufactures all types of bearings, primarily for the aerospace

market. Restored integrity to a dysfunctional accounting department

by re-training the existing staff, implementing processes, and designing

a new costing system providing improved reliability. The costing system

enabled more effective product pricing and lead to improved margins.

Worked as a business partner with the operations. Key member of

acquisition team, performing due diligence, meeting with potential

acquisition targets, and helping transition acquired companies onto

RBC's system. Position reported to the VP of Operations with dotted

line to CFO. Had three direct reports.

. Reduced External Audit completion from two month to two weeks.

. Implemented new accounting software for Y2K compliance in 1999.

. Recovered $66,000 erroneously held by the previous owners.

. Negotiated credit terms with all the vendors who had RBC on COD from

the previous owners.

. Improved accounts receivable collections from 72 days to 52 days.

strategic mortage services (sms), Newport Beach, California Dec 1994 -

Oct 1996

$250 Million privately held service company.

Director of Corporate Accounting

SMS was a $10 million dollar real estate service company that acquired a

$240 million division of TRW (Real Estate Loans Services division) in

April 1993. Was brought in by the new CFO to be his right hand.

Performed the duties previously performed by Corporate Controller,

Director of Credit & Collection, and Accounting Manager. During

my short stay at SMS, they changed CFOs three times. Completely rebuilt

the finance department. Position had six direct reports and 23

indirect. Left because company was for sale.

. Got closure with External Auditors on March 1993 purchase accounting.

. Changed External Auditors in June 1995 reducing audit fee from

$225,000 to $75,000.

. Completed 1994 & 1995 audit simultaneously because books were

unauditable in June 1994.

. Prepared all the financial information for sale of the company.

. Point person on due diligence documents to facilitate the sale.

. Reduced month end closing time from fourteen days to five days.

EARLY EXPERIENCE HIGHLIGHTS

Paragon Trade Brands (PTB), La Puente, California

1992 - 1994

$500 Million publicly traded manufacturer.

Controller

$50 Million private label diaper manufacturer. Plant was closed.

Santa Fe Extruders, Santa Fe Springs, California

1990 - 1992

$10 Million privately held manufacturer.

Controller

Ernst and Young, Los Angeles, California

1987--1989

Senior Auditor

EDUCATION

Bachelor of Science degree

California State University, Los Angeles

Business Administration, specialty in accounting

Graduated October 1986

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