Clinton H. King, cpa
E-mail: ********@*******.*** 8652 S Forrest Dr. Home: 303-***-****
Highlands Ranch, CO 80126 Cell:
SUMMARY
Focused, detail oriented, administrative executive with leadership,
operational and diverse analytical skills. Successful in planning and
controlling sustained profitability and enhancing productivity. Unique
range of experience in designing, creating and implementing business
processes with domestic and international entities, and overseeing
financial assimilation of acquisitions and mergers.
Core competencies include:
( Financial Reporting ( Strategic Business
Planning ( Financial Analysis
( Budgeting & Forecasting ( International Business
( Coaching & Staff Development
( Acquisition Assimilation ( Software
Implementations ( Earn-out Management
Experience
Workplace Elements, LLC
Oct, 2008 - Oct,
2009
Workplace Elements, LLC is the contract office furnishings company
resulting from the merger of Rocky Mountain Desk Corporation with a
competing company.
( Chief Financial Officer. Created and launched the financial structure
and software systems of the new entity. Managed all financial and systems
operations and partnered with other departments to establish operational
processes and control structures.
1. Played a key role in negotiations concerning the capital
requirements and contributed assets structure of Workplace Elements,
LLC.
2. Leveraged the accounting system, IT software and operating control
processes previously built and implemented at Rocky Mountain Desk
Corporation to make Workplace Elements LLC operational quickly and
efficiently.
3. Preformed a complex set of financial measurements to validate the
contributed asset basis of each company as required by the
contribution agreement.
Rocky Mountain Desk Corporation
1998 - Sep, 2008
Rocky Mountain Desk Corporation was a privately held contract office
furnishings business that marketed high quality office furnishings and
systems along with workspace planning and facilities management.
( Chief Financial Officer. Managed all financial and systems operations
as well as daily supervision of purchasing, project and labor cost
management. Responsible for all Human Resource functions inclusive of
payroll, benefits administration, incentive compensation plans and risk
management.
4. Designed, developed and implemented significant changes to
accounting and reporting systems which provided the company
principals with information and visibility for sound decision
making.
5. Played a leading role in operational management, driving growth and
profitability via the development and training of high performing,
low turnover, cross-functional teams.
6. Facilitated growth and product diversification through acquisition
of a competing dealership. Result was an acquired access to a
significant new customer base, reduced competition and positioning
of the Company as a sole source provider.
7. Led the annual budget and strategic planning process resulting in a
clear financial plan for sustained profitability.
8. Performed all necessary acquisition earn-out measurements resulting
in well documented records to support the contract settlement
requirements.
9. Managed the monthly calculation and payment of a diverse multi-
platform commission structure, resulting in strong relationships and
the trust of the sales force.
10. Developed QuickBooks and Access applications to create a cost
effective solution to provide data not otherwise available.
11. Managed cash-flow, collections, credit line usage and covenant
compliance. Reduced personal guarantee requirements significantly
due to improved controls and profitability.
The Coleman Company
1987 -1997
Served in various positions of increasing responsibility for multi-billion
dollar global manufacturer of consumer products. Promoted from Director of
Internal Audit (1987-1988) to Group Controller of Outdoor Products Division
(1988-1990) to Director of Accounting (1990-1991) to Operations Controller
(1991-1993) to Group Controller for International Operations (1994-1997).
( Group Controller for International Operations. Directed international
financial operations. Responsible for $420M in annual revenues; $1.8M
annual administrative budget; $140M in annual foreign currency shipments;
inter-company account balances; consolidation of data, financial reporting
and analysis; liaison for corporate tax, treasury, SEC reporting, and risk
management issues; as well as due diligence for international acquisitions.
12. Played a key role in driving International Group annual revenues up
more than 450% from $93M in 1993 to $420M in 1997.
13. Managed global implementation of the Hyperion data management
consolidation and reporting system.
14. Negotiated the initial financing structure and directed the business
start up of a Brazilian subsidiary in a hyper-inflationary
environment.
15. Key participant from 1994 to 1997 in major European restructuring
and positioning effort that resulted in sale of a manufacturing
facility, realignment of distribution agreements, adjustments of
warehouse assets, product rationalization and a major European
acquisition.
16. Played a key role in the acquisition and assimilation of a large
French company.
( Operations Controller. Promoted to lead efforts to provide accounting
services and multi-plant manufacturing cost/production support for Outdoor
Products Division. Responsible for $1.2M administrative budget;
supervision of 18 departmental staff; development & maintenance of
accounting systems; management of fixed assets; and capital justifications.
17. Re-engineered accounting systems and staffing responsibilities that
improved accuracy of reporting systems, reduced internal costs, and
increased productivity of operations.
18. Played a key role in reorganizing plant manufacturing processes with
JIT delivery that reduced raw and in-process material inventory costs
by $3M and increased efficiency of production lines.
( Director of Accounting & Internal Control. Selected to reestablish
reporting systems and apply valuation accounting to remaining business
units following leveraged buyout. Responsible for $1M administrative
budget, supervision of 28 employees, and management of financial reporting
systems.
19. Integrated the use of Hyperion software into reporting functions,
participated in roll-out of corporate 401K plan, and led development
of acquisition valuation for Outdoor Products Division that increased
earnings $5M.
Hesston Corporation, Inc. 1979 to 1987
( Financial Reporting Manager. Facilitated flow of financial information
between Italian conglomerate parent and domestic management. Responsible
for preparation of SEC and management financial reports, cost accounting
and currency conversions.
20. Designed accounting methodology for restating U.S. General Accepted
Accounting Principles data for differences in foreign parent's
accounting and reporting methods. Instrumental in dealer floorplan
analysis and audit coverage.
Mize, Houser, Mehlinger & Kimes CPA's
1975 to 1979
Touche Ross &Company 1972 to 1974
( Staff Accountant. Six years of public accounting experience with Touche
Ross & Company in Kansas City, Mo and at Mize, Houser, Mehlinger & Kimes in
Topeka, Ks. Responsibilities included engagement planning, auditing of
public and private companies and corporate and individual tax return
preparation.
Education
B.S., Business Administration with concentration in Finance & Accounting.
University of Nebraska, Lincoln
Certified Public Accountant, Kansas Society of Certified Public Accountants