Thomas V. Holcombe, CPA
Ellington, CT 06029
abmq1i@r.postjobfree.com
PROFILE
Senior financial manager and advisor with proven track record of
driving performance improvement and organizational change to deliver
efficiencies and cost savings, and providing timely and accurate
financial information. Reputation for professionalism, integrity and
consistently demonstrating commitment, leadership and ability to meet
goals and objectives. Analytical approach to solving business problems
and wide range of project management experience. Solid communication
skills, collaborative management style with focus on empowerment and
creative thinking.
. Forecasting, reporting and planning
. Working capital management
. Shared services
. International operations
. Acquisition and integration
. SEC reporting
. Manufacturing accounting
. Project management
. Manage banks and audits
. SAP systems implementation
PROFESSIONAL EXPERIENCE
Gerber Scientific, Inc., South Windsor, Connecticut
1996-2010
A publicly held leading international supplier providing
technologically advanced manufacturing systems and software solutions
to sign making, specialty graphics and packaging, apparel and flexible
materials, and ophthalmic lens processing industries, with annual
revenue of $600M and operations in over 25 countries.
Finance Director
2008-2010
Led financial integration of the recently acquired business unit Gerber
Innovations, SAP implementation, accounting policy and procedure
implementation, forecasting, budgeting, cash management, profitability
analysis, revenue recognition, inventory and accounts receivable
management, reported to business unit President and Chief Accounting
Officer.
. Achieved 40% reduction in past due accounts receivable.
. Achieved 30% reduction in inventory levels
. Successful SAP project management and implementation.
. Plant rationalization analysis yielding significant results with
consideration on timing.
Controller, North America Shared Accounting Services
2004-2008
Controller, Gerber Technology, Inc.
2001-2004
In charge of North America accounting for three business units, service
and manufacturing with annual revenue of $350M including Mexico and
Canada. Led global consolidation (Europe and Asia), global variance
analysis, financial statement reporting and analysis, manage bank
reporting and audit requirements, liaising with FP&A group and review
of Form 10-Q and 10-K SEC filings. Member of Gerber Technology Senior
Management Team providing FP&A leadership, forecasting, and presenting
results of operations to senior management and employees. Managed an
organization of 36 employees and reported to the Chief Accounting
Officer.
. Produced annual cost savings of $.6M by leading process to
consolidate separate accounting functions of three business units to
form US shared accounting services.
. Reduced closing process time by 3 days - a 33% improvement using
lean principals and techniques.
. Directed credit and collections while meeting monthly cash flow
forecasts.
. Managed the successful SAP accounting implementations for two
business units
. Led initiative to restructure the accounting department at Mexico
City office putting in place new team that accurately closes,
maintains profitability and solid cash flow.
. Leveraged SAP system to significantly improve the closing process
and enable overall analysis of business.
. Integration of acquired Gerber Coburn to shared services resulting
in total plant annual cost savings of $3.0M.
. Conducted extensive technical research and determinations with
proficiencies in revenue recognition, software, multiple elements,
warranty, foreign exchange, deferred revenue, hedging and inventory
matters.
. Implementation and effective on-going maintenance of SOX 404
environment.
. Performed due diligence work for M&A targets.
Director, Internal Audit
1996-2001
Reported to Audit Committee and Chief Financial Officer and managed
team of seven auditors. Directed financial and operational audits for
world-wide operations as well as special projects. Presented to Audit
Committee members at quarterly meetings.
. Initiated business partner approach by focusing on needs of business
units and seeking input from business unit leaders on areas of risk
and opportunity to achieve cost savings and process improvements.
. Designed and implemented performance feedback measurement process
and used results to manage department staff and report overall
effectiveness to Audit Committee.
. Led team on special project at a subsidiary company in Bristol,
England to resolve a $.6M intercompany issue.
. Led accounting policy and procedure integration activities for the
acquired company Spandex.
. Developed and implemented new executive level form of audit
reporting drawing accolades from senior management and Audit
Committee.
KPMG LLP, Hartford, Connecticut
1988-
1996
Senior Manager, Audit Services
Developed strong client relationships and consistently delivered
excellent service. Served variety of public and privately held
manufacturing clients as well as biotech and universities. Publicly
held clients included Gerber Scientific, Inc., Neurogen Corporation,
Heublein, and Zygo Corp. Worked with wide range of middle market
companies requiring more hands on assistance in preparing financial
statements, footnote disclosures and tax provisions.
. Assisted client with Form S-3 registration of 2.5 million shares of
stock generating $37.5M in capital.
. Reputation for managing quality engagements and completing under
budgeted time frames.
. Reviewed and assisted in SEC filings (10-K, 10-Q, S-8).
. Extensive technical research and interpretation.
EDUCATION
Bachelor of Science, Accounting
The University of Connecticut; Storrs, Connecticut
Honors: Beta Gamma Sigma national honors society
PROFESSIONAL CERTIFICATION/OTHER ACTIVITIES
Certified Public Accountant, in state of Connecticut
Excellent Spanish-language speaking ability and good comprehension
Various lean and other CPE training events