Sales Accounting
Resume:
Robert P. Noonan, CPA
Robbinsville, NJ 08691
Email: *************@*****.***
Home: 609-***-**** Cell: 609-***-****
Profile:
A financial executive with over 20 years experience with domestic and
international consumer and industrial product companies. Managed
operations from $10 to $400 million. Expertise in:
Consolidations
Treasury and Debt Refinancing
Budgeting and Strategic
Planning
SEC Reporting and Sarbanes
Oxley
Right sized operations
Insurance, Payroll and Benefits
Manufacturing and Service
industries
Working Capital and Asset
Management
Cash Management and Forecasting
Acquisitions (13) Divestitures
(17)
Public Offerings (two
completed)
Tax Compliance and Provisions
Professional Experience:
Precision Partners 2004 - Present
Vice President - Corporate Controller
Managed the accounting, reporting, board presentations, audit,
consolidation and other financial functions for a $500 million private-
equity owned manufacturer of precision components for the aviation,
defense, energy, automotive and heavy truck sectors that has doubled in
size since 2004 through acquisitions and the establishment of manufacturing
facilities in China and the US.
. Financial executive for contract negotiations, due diligence, purchase
accounting and integration of five acquisitions for a combined purchase
price of $180 million adding sales of $240 million and EBITDA of $43
million. Integral in all debt and equity financings related to the
acquisitions.
. Managed cash flow and working capital initiatives in 2009 generating $23
million in cash in a faltering economy.
. Integral in the start up of a Chinese manufacturing facility which now
contributes $15 million in sales and $3 million in EBITDA.
. Changed the worker's compensation process by allocating actual losses to
each division resulting in reduced lost-time incidents and reduced losses
from $2.0 million to $1.0 million in one year.
. Sold an unprofitable aerospace manufacturing facility raising $4 million
in cash and successfully defended a $280 thousand arbitration claim on
the sale of the business.
. Implemented Sarbanes Oxley at two subsidiaries and assured financial
controls were in place at 12 subsidiaries through on-site financial
reviews. No material audit adjustments for all audited years.
Independent Consultant \ Interim CFO 2002 -2003
Interim CFO for a $15 million designer of high-end kitchens. Improved the
overall accounting disciplines in an organization that had been mismanaged.
Implemented procedures for managing job profitability and collections on
commercial contracts in excess of $1 million.
Provided financial assistance to several companies including due diligence
work for a venture capital group in the giftware industry, assisted US
Industries with the sale of two businesses and assisted a venture capital
group with inventory issues in the textile and windows business.
Robert P. Noonan, CPA Page 2 -
Continued
U.S. Industries, Inc. and Affiliates 1989 - 2002
(A publicly traded consumer and industrial products company)
Chief Financial Officer of USI Bath & Plumbing, 2000 - 2002
1. Responsible for the financial operations of the Bath and Plumbing
division. Operations included Jacuzzi, Zurn, Eljer, Sundance Spas, Gatsby
Spas, US Brass and Selkirk (HVAC). Reported directly to the Chief
Executive Officer of the division. Managed operations generating revenues
from $10 million to $250 million.
2. Restructured a subsidiary resulting in the closure of three facilities
and the discontinuance of three product lines. Improved EBITDA by $3
million and generated cash flows of $8 million.
3. Restructured the Dallas headquarters, resulting in a downsizing of staff
generating savings of $3 million per annum. Implemented working capital
initiatives which reduced inventories by $30 million (28%).
Corporate Controller, 1998 - 2000
4. Managed the internal and external financial reporting, consolidation and
external audit process for a company with 40 reporting units and revenues
of $3 billion.
5. Significant involvement in due diligence, purchase accounting, financing
and contract negotiations including the sale of the Company's diversified
operations for $600 million and the negotiation of asset based financing
resulting in $10 million of additional cash to the company at closing.
6. Responsible for all SEC reporting (10-k's, 10-Q's, S-3, S-4, etc.) and
responding to any SEC comments including a $186 million restructuring and
impairment charge.
7. Changed the consolidated insurance program by providing financial
responsibility to the operations and resulted in increased focus on
workers compensation management.
Group Controller - Diversified Division, 1995 - 1998
8. Responsible for the financial operations of the Company's diversified
division reporting to the Group Chairman. Operations included Ertl Toys,
EJ Footwear, Tommy Armour Native Textiles and Rexair.
9. Managed the reorganization of Ertl Toys reducing annual salaries by $3
million.
10. Increased the quality of financial reporting through the implementation
of internal audit initiatives.
Marine Harvest International, Inc. - A U.S. Industries, Inc. Affiliate,
1989 - 1995
Marine Harvest International, Inc. (MHI) was a publicly traded (AMEX)
aquaculture and food processing company with sales of $150 million. It was
acquired In November 1994.
Corporate Controller
11. Responsible for all internal and external financial reporting and
documentation related to acquisitions, dispositions, spin-offs,
restructurings and two successful public offerings ($58 million raised).
12. Managed the company's treasury function. General accounting for the
North American seafood distribution business including inventory and
accounts receivable management.
Pannell Kerr Forster CPAs, New York, NY 1985 - 1989
Audit Manager for an international CPA firm with diversified industry
exposure.
Education/Associations/Personal
Bachelor of Business Administration/ Accounting Pace University, New York,
NY
Certified Public Accountant - New York State
Proficient in Microsoft office products, Hyperion, SAP, MAS-90, Solomon and
other ERP systems.
Contact this candidate