Brian L. Bowlin CPA
** **** *** ****** ******, NJ 07901 908-***-**** (347) 831-
**** ********@*****.***
To work for a world-class turnaround and restructuring firm, having been
engaged in two Chapter 11 Bankruptcy cases
with revenue in excess of $2.5 billion, utilizing superior financial
modeling and valuation skills. Direct consulting for a
number of middle market firms. Worked with investment banking groups
(Goldman Sachs) and private equity firms
(Madison Dearborn) providing 13 week rolling cashflow forecasts and
liquidity analysis. Demonstrated ability to solve
complex problems and make sound business decisions under conditions of high
uncertainty and stress. Excellent leadership
capabilities with exceptionally strong written and verbal communication
skills. Road warrior adept at building extremely
strong business relationships and high level of trust .
PROFESSIONAL EXPERIENCE
ARGUS MANAGEMENT CORPORATION, New York, NY April
2008 to 2009
An interim management and turnaround firm.
Senior Advisor
1. Turnaround & Restructuring Advisory - Member of financial advisory
team to private equity firm and senior lenders for a $400 million
retail chain. Led cash forecasting (13 week cash flow) and
reporting workstream.
2. Credit Advisory - Support and advise private equity firms and
senior lenders of underperforming clients regarding liquidity
issues including assessment of cash flow forecast and ongoing
monitoring of performance to plan.
3. Interim CFO - Served as interim CFO for a $35 million provider of
interactive patient education to the healthcare industry. Refined
and documented process and procedures in AR, order management,
billing, dispute management and credit and collections resulting in
improved AR aging, billing accuracy and reduced disputed invoices
by over 40%.
GLOBAL CROSSING LIMITED, Florham Park, NJ
2002 to 2008
A $ 2.8 billion global telecommunications provider to corporate
customers. Emerged from Bankruptcy December 9, 2003. Director -
Worldwide Vendor Relationships
> Team Leadership and Spend Management - Assumed additional
responsibility for global procurement function including 4 direct
reports and team of 12 professionals responsible for $500 million
in capital and operating expenses. Led global Req to Pay process
and team members.
> Procurement Transformation - Restructured global teams to mirror
business structure, i.e. telecom transport, telecom equipment,
marine, satellite. Ensured subject matter expertise built within
team by alignment to specific business stakeholder departments,
ensuring consistent procurement practices and procedures.
> Cost Savings & Stakeholder Relationships - Delivered company record
$23 million in cost savings as a result of aggressively and
proactively managing global spend including category spend
reporting of actual vs. plan. Built strong relationships with
multiple diverse global and cultural stakeholders.
Director - Finance Office of Cash Management
> Recommended by FTI Consulting 60 days after company filed
Bankruptcy.
> Cash Management Process- Executed critical cash management strategy
(13 week forecast) and process, in an extremely tight liquidity
environment, and in compliance with conditions established by US
Bankruptcy Court. Successfully achieved company's quarterly cash
burn targets, 15 out of 16 quarters.
> Cash Forecasting and Reporting - Led 20+ member global team
comprised of treasury, controllers, accounts receivable, accounts
payable and vendor managers to establish and report actuals vs. 13
week cash flow forecast, which was directly tied to the company's
quarterly cash burn targets.
> Working Capital Methodologies - Significantly improved working
capital in excess of $100M by leveraging balance sheet (A/R and
A/P). Chaired weekly calls to establish targets, review actual
results, identify follow-up and escalation actions. Refined
process and procedures within the order management, credit and
collection, billing, dispute management, procurement and accounts
payable functions.
4. Profit Improvement Efforts - Participated in company wide effort to
efficiently reduce monthly operating expenses from $150 million to
less than $60 million. Comprehensive bottoms up review of global
payroll, divisional s,g&a and capital spending over a six month
period.
> Vendor Settlement & Management - Supported intense and protracted
settlement of critical vendor agreements as part of company's exit
costs. Increased process discipline and focus led to improved
procurement function, including vendor management and supplier
relationship management.
> Sarbanes-Oxley - Key member of team responsible for coordinating
the effort of documenting key controls in connection with the
Company's implementation of S-OX section 404 requirements.
US OFFICE PRODUCTS COMPANY, Washington, DC
1997 to 2002
A $ 2.6 billion multi-national provider of office products and business
services to corporate customers. Company was founded in 1994, completed
over 230 acquisitions, with over 50 reporting locations. Prepackaged
bankruptcy March 2001
Director - Financial Operations
> Merger & Acquisition Team - Selected by acquiring company's CFO to
become key member of post acquisition integration team and
appointed Interim Division Controller while recruiting permanent
replacement in Southeast Region. Managed regional sale of non-core
assets ($20 million).
> KPIs and Benchmarking - Developed financial and operational metrics
through a team-based approach, combined with continuous process
improvement, resulting in cost savings in excess of $25 million
dollars.
> Working Capital - Led working capital taskforce utilizing rigorous
process and reporting, resulting in significant balance sheet
improvement. (Reduced past due AR in excess of $10 million dollars)
> Process & Procedures - Enhanced financial reporting process by
establishing and implementing standardized procedures and controls
that improved the overall consistency and quality of financial
reporting.
District President
> Restructuring - Selected by CFO to lead turnaround of
underperforming division. ($75 million revenue).
> Savings - Delivered $2.5 million of additional profit and increased
sales force retention from 30% to 75%.
> Leadership - P&L responsibility, doubled operating income, managed
320 employees through eight direct reports, ten operating locations
across Michigan, Northern Ohio and Northern Indiana.
> Project Management - Championed systems implementation across
district (300 users); completed on schedule, successfully reducing
operating cost by 25%.
Director - Internal Audit
> Value-Added Services - Recruited by the Audit Committee to
establish internal audit function. Extensive travel and hands-on
approach establishing an internal consulting environment providing
value added services.
> Post Acquisition Integration - Major participant in the on-going
integration and consolidation at the operating level of over fifty
companies.
> Process Improvement - Successful in working closely with senior
management, identified process improvements, margin improvement
opportunities and cost reduction measures across all business
models.
INTELLIGENT ELECTRONICS, INC. Exton, PA
1995 to 1997
A $3.6 billion provider of information technology products, services and
solutions to a broad spectrum of customers. Recruited by Big 4 Audit
partner.
Inventory Controller
> Process Improvement - Led team responsible for improved process
procedures and controls in the accounts payable and receiving areas
that reduced the amount of disputed invoices with vendors from over
$100 million to less than $25 million and increased the invoice
match rate from less than 50% to over 90% today.
> Leadership - Upgraded the skill level of personnel and implementing
a cross-functional team-based approach that, combined with
continued process improvement, resulted in a 40% reduction ($2
million per year) in the cost of the department.
SOUTHCORP HOLDINGS LIMITED, Bala Cynwyd, PA
1992 to 1995
A $2.3 billion Australian Holding Company- major manufacturer of wine,
packaging and appliances.
Manager - Internal Audit
> Partnered with external auditors (KPMG) in an effort to reduce
external audit fees.
> Working Capital - Selected as one of four Team leaders by J. Alix &
Associates to generate solutions and implement business improvement
in the area of inventory reduction and control. (excess of $3
million).
FOXVIDEO INC., New York, NY (1992 office moved to Los Angeles)
1989 to 1992
A $600M division of 20th Century FOX, major distributor in the home video
industry. Firm moved to Los Angeles Manager, Internal Audit
> Established Internal Audit function - developed and implemented
internal control questionnaires, detailed audit programs, contract
management and royalty reporting formats.
STERLING DRUG INC., New York, NY
1989
A $2.2 billion manufacturer and distributor of pharmaceutical,
OTC/consumer products. Acquired by Eastman Kodak
Corporate Audit Supervisor
> Operational emphasis with focus on generating cost savings in
excess of departmental budget ($1 million).
EDUCATION AND TRAINING
B.S. Accounting, Purdue University, Krannert School of Management
Member NJSCPA