Jeffery P. Hummel
Comprehensive experience in executive financial management, including general accounting, cost accounting, forecasting, international accounting, treasury and financial reporting.
Prepared annual budget, quarterly forecasts and monthly analysis of results for several Fortune 100 organizations.
Prepared Cash flow forecasts for multiple organizations.
Prepared capital budgets for multiple organizations.
Extensive experience in both large and small organizations.
Extensive treasury experience including securing bank financing as well as handling the day to day cash management and weekly projection of cash needs.
Skilled leader responsible for the Sarbanes-Oxley implementation for US division of a Fortune 100 company.
Selected to lead the planning team for the implementation of SAP financial software.
Varied executive management experience including an Initial Public Offering and a major acquisition of a German based subsidiary.
Seasoned focus on continuous improvement and staff development.
EDUCATION & PROFESSIONAL CERTIFICATIONS
University of Tampa, Tampa, Florida
Masters of Business Administration, 2004
University of Akron, Akron, Ohio
Bachelor of Science in Accounting, 1983
Certified Management Accountant (CMA)
Completed two of four parts required for certification for CMA
Globe Trailers, Inc. Bradenton, Florida 4/17 – Present
Responsible for the CFO function for a $18M manufacturing organization which specializes in the manufacture of heavy haul trailer equipment. Additional, responsibilities include benefit administration and risk management.
Manage inventory control and implement new processes for controlling inventory.
Manager purchasing function for materials.
Manager bi-weekly payroll.
Review job costing and take corrective actions.
Manage annual physical inventory and cycle count programs.
Manager Accounts Payable.
Manage HR functions including benefit administration and negotiation.
New England Machinery, Inc., Bradenton, Florida 8/13 – 4/17
Responsible for the Controller function for a $12M manufacturing organization which specialize in the manufacture of packaging equipment. Additional, responsibilities include benefit administration and risk management.
Managed cash needs on a daily basis including cash flow projections.
Performed billing function for all sold machines.
Performed collections of aged receivables.
Prepared monthly sales tax returns.
Performed monthly closing along with financial statement preparation.
Prepared bi-weekly payroll.
Reviewed job costing and take corrective actions.
Managed annual physical inventory and cycle count programs.
Obtained letters of credit for international customers.
Managed HR functions including benefit administration and negotiation.
Sun-Glo Plating/OP104, Clearwater, Florida 9/10 – 8/13
Responsible for the CFO function for a $15M manufacturing organization which specializes in metal plating, stamping and machining. Additional responsibilities include being the lead on the company-wide ERP implementation.
Negotiated software and consulting contract for ERP system.
Secured a $50,000 IWT training grant to help offset the cost of the ERP implementation.
Manage cash needs on a daily basis utilizing a treasury management structure with zero based accounts which offset the bank line of credit.
Implemented new payroll system in a two week time frame.
Negotiated a $750,000 capital equipment line of credit in early 2013 which allowed for product line expansion.
Successfully completed the year-end financial statements including a successful external review for the bank.
Independent Consultant 1/07 – 9/10
Vology, Clearwater, Florida - Responsible for the controllership function for a $55M secondary market networking and voice products sales organization including G/L, Budgeting, A/P, A/R, Treasury, Risk Management and Collections.
Streamlined the monthly closing process reducing it by 7 business days.
Improved transactional processes to facilitate the absorption of 100% sales and purchase growth without adding any additional headcount.
Managed cash flow during period of cash constriction which required diplomacy with both internal and external customers.
Improved processes and controls to ensure proper safeguarding and record-keeping of company assets.
Facilitated the change of external auditors and outside insurance agent to improve integrity and mitigate risk.
Position requires hands on accounting activity to record month end journal entries and analyses along with financial statement preparation.
Home Shopping Network, St. Petersburg, Florida - Responsible for the controllership function for the US including G/L, A/P, Inventory, Payroll and Treasury.
Developed inventory purchase model to determine impact on financials of buying excessive inventory.
Developed one-page financial reporting summary for discussing monthly financial results with the CFO.
Tech Data Corporation, Clearwater, Florida – Responsible for developing a customer and vendor profitability model to allow for negotiation with same to increase profitability.
Aerosonic Corporation, Clearwater, Florida – Responsible for the controller function which included financial statement preparation and SEC filings.
Tech Data Corporation, Clearwater, Florida 3/98 – 12/06
Director of Financial Processes and Controls
Responsible for worldwide Sarbanes-Oxley Compliance and Testing.
Developed risk based approach to testing key internal controls.
Developed annual planning for completing SOX compliance work.
Actively managed team of seven European SOX compliance leaders.
Developed collective audit plan with Ernst & Young to ensure year end signoff.
Developed and administered remediation plans.
Directed four person US SOX compliance team.
Developed finance best practices and rollout to worldwide finance team.
Director of Corporate Accounting
Responsible for establishing the department that performs the monthly financial statement consolidation comprised of over sixty-five entities worldwide.
Participated in the acquisition of a German based $5 billion annual revenue entity. This included the integration of the newly acquired business.
Ensured that all financial statements were in compliance with US GAAP and SEC requirements.
Prepared the annual budget and quarterly forecasts for all subsidiaries and the consolidation of these results for presentation to executive management.
Consolidation and preparation of the quarterly financial statements and related analyses for inclusion in the SEC filings.
BioDerm, Inc., St. Petersburg, Florida 1/97 – 2/98
Director of Finance
Responsible for all financial decision making for a medical products start-up company.
Assisted in raising $3M in private placement funds.
Developed financial systems and reporting including setting up Great Plains software, financial reporting, five year operating plan and filing of Federal and State tax returns.
Bristol-Myers Squibb, Various Locations 6/86 – 1/97
Responsible for the management of the Cost and General Accounting departments of a Jacksonville, Fl based division of BMS.
Assisted in the preparation of the S-1 document related to the Initial Public Offering process.
Provided analysis of potential acquisition candidates, analysis for the Board of Director meetings, and support for the annual audit.
Implemented an Activity Based Costing system which reduced manufacturing costs by 8%.
Performed the monthly consolidation for five international entities which included currency conversion and compliance to US GAAP.
Developed an inventory control system which resulted in 99% accuracy on an inventory in excess of $16M.
Manager of Financial Analysis/General Accounting
Responsible for the consolidated reporting and analysis for four divisions of a Largo, Fl based subsidiary of BMS including monthly reporting, annual budgeting, and the five-year strategic plan. Managed a nine person general accounting department.
Financial Reporting Manager
Cost Accounting Supervisor