Scott Richard Buckman
***** ***** ***** *********@*******.***
Minnetonka, MN 55345 Cell 612-***-****
SUMMARY
Looking for challenges that utilize my broad range of business skills in executive management
PROFESSIONAL PROFILE
Hard working, results oriented administrative executive and team player with over 30 years’ experience in multiple industries. Have the ability to keep the big picture in mind and focus enough on details to reduce lead times (costs). Very organized. Work well under deadline pressure.
CAREER HISTORY AND ACCOMPLISHMENTS
Various companies May 2001 to Present
Consultant Minnetonka, MN
Assisted multiple companies by turning them around and/or refining their business processes. Most recently, as part of the Platinum group, I was acting CFO of a company in central Wisconsin, where we turned a manufacturing company around in 10 months’ time. At a packaging company, in their general manager role, I refined their operational processes. At an Internet company, in an Executive Vice president role, I helped the CEO and CFO turn the company around. As the CFO of a bakery, I helped the owner understand the financial parameters of his business. I have also been a member of several Boards of Directors including Mereen-Johnson LLC’s.
Patton Industrial Products, Inc.
Chief Administrative Officer March 2004 to June 2015
Responsible for all administrative functions, including banking relationships, insurance relationships,
HR, and IT. Was a non-voting member of the family Board of Directors
Increased 401K participation from 60% to 97% in 2 years through training and awareness courses
Successfully implemented a new business software system in 2 days. Software vendor predicted it would take 3 weeks
Reduced ex-employees in 401K plan, eliminating the need for an audit
Kept Patton together while an owner dealt with medical issues and the other owner wanted him out
Laid off over 40 people in 2008 – 2009 during the recession
Introduced owners of Patton to lean thinking. Reduced order processing from 4 days to 4 hours
With no loss of productivity, reduced admin staff from 5.5 to 3
Led effort to transfer ownership from first generation to second generation. Created transaction that saved nearly $400k in combined federal and state taxes
Worked with the founder on corporate governance. There were inconsistencies with trusts, children not in the business, and number of shares outstanding in various states.
Reduced owners’ taxes by over 200% over ten years by implementing an asset write-down plan
Reduced DSO from 45 to 35, even though there were very tough years (2008 & 2009)
Eliminated vendors putting Patton on hold by working with over 350 vendors to identify exact timing of when they needed payment. Also nearly eliminated checks by using ACH
Led teams that reduced worldwide annual freight costs by $250k
Computype, Inc. July 1997 to April 2001
Chief Financial Officer/Vendor Relations Manager/Maintenance Manager Roseville MN
Responsible for all accounting (U.S. and international) for $40 million company. Negotiated and purchased a company in Brazil for no cash down. Responsibilities included banking, commercial, health and other insurances, 401K administration, North American vendor relations, and maintenance. Managed accounting, North American vendor relations, and maintenance staffs of 20 people
Led teams that reduced worldwide annual freight costs by $75k.
Changed year-end from 5/31 to 12/31 to save time. Involved four countries
Developed and reported division- and country-specific financial information, maximizing operational use of the information and resulting in better informed business decisions
Introduced contribution margin concept to management, reducing the need for allocations
Reduced time to close books from 19 business days to 2.
Successfully resolved a pre-existing management fee issue with the IRS (USA and UK)
With no loss of productivity, reduced admin staff from 14 to 8
Negotiated health care costs to increase only 7%, versus the national average of 11%, over 3 years. Health coverage for the employees was not impacted
Increased 401K participation from 55% to 95% in 2 years through training and awareness courses
Developed a vendor reduction program at that reduced vendors and costs by 20%
Energy Solutions International July 1996 to July 1997
Controller/Inventory/Procurement Manager Eagan, MN
Responsible for all accounting, human resources, inventory, procurement and information systems management for $23 million company. Sold ESI to utility for $12 million. Managed a staff of 9
Developed a weekly reporting package to assist management in understanding company’s financial position. Resulted in better management of construction projects
Developed and implemented a plan that reduced inventory from $1.5M to $.6M in 6 months
Developed financial portion of business plan that allowed for $3M of equity financing from a non-company strategic partner. Assisted in the development of the final business plan
Reduced time to close books from 12 business days to 3
Minnesota Sun Newspaper January 1996 to July 1996
Controller/Administrative Manager Bloomington MN
Responsible for all accounting, human resources, and information systems management for $15 million company. Installed new accounting software. Managed a staff of 5 people
Successfully transitioned 170 employees to a new benefit program in less than 2 weeks
Security Network of America August 1995 to December 1995
Chief Financial Officer/Consultant Cincinnati OH and Minnetonka MN
Responsible for all accounting and some procurement for $10 million company
Honeywell Inc. July 1983 to August 1995
Senior Marketing Manager Minneapolis MN
Responsible for home security and home automation product line August 1994 to August 1995
Area Financial Analyst/Controller January 1993 to August 1994
Various financial positions July 1983 to January 1993
Responsible for financial analysis, planning, reporting, monthly estimating, manufacturing rate analysis,
recommending and implementing corrective actions, strategic plan development, budgeting, manpower
analysis, contract negotiations, NPR and IRR analysis, merger and acquisition analysis, make vs. buy
analysis, and determining best utilization of factories.
Led task team to improve contribution margins from the home automation product. Reduced sales time by 38% and installation time by 17%
Key member of the Branch Process Improvement Team that improved contribution margins in 50 branches by $8 million
Assisted sales managers in obtaining over $8 million in revenue with financial analysis from the customer’s perspective
Led task team to improve contribution margins from the home automation product. Reduced sales time by 38% and installation time by 17%
Price Waterhouse Staff Accountant June 1982 to July 1983
EDUCATION/AWARDS
Miami University, Ohio BS in Accounting & Finance, honors. Passed CPA exam May 1982