Accounting/Finance Professional

BACHCHI SAMAHON-OUMAR, CPA

***** * ********** *****, *****, ID 83709 • C: 208-***-**** • E: ************@*****.***

EXECUTIVE PROFILE

SENIOR FINANCIAL EXECUTIVE

Senior level executive with extensive hands-on experience in management, leadership, strategic planning and with a drive to succeed. Extensive experience working with the company’s Board of Directors, banks, auditors, attorneys, customers and vendors. Developed corporate strategy in collaboration with the Board of Directors and owners and executed on the strategic plan. Coordinated and negotiated with lending banks and established appropriate loan covenants. Excelled and experienced in the following areas: Strategic planning, developing budgets and forecast, treasury, cash management, business valuations, human resource management, financial presentation and modeling.

PROFESSIONAL EXPERIENCE

DIRECTOR OF FINANCIAL REPORTING Oct 2017 to Jun 2018

Critical Process Systems Group – Boise, ID

Critical Process Systems Group is a group of manufacturing and design companies providing innovative product solutions to the semiconductor, life science, wastewater, gas systems, research laboratories, and other industrial markets. The company is privately owned with estimated total revenues between $85 and $89 million. My responsibilities are as follows:

Manage the corporate financial reporting, budgeting, forecasting and financial modeling functions for the group at both the subsidiary and consolidated levels. Collaborated with divisional controllers to finalized monthly packages.

Coordinate and collaborate with divisional controllers and divisional management teams to forecast sales for the next 12 months and the related business plans.

Ensure proper controls are in place to ensure accuracy over financial reporting, compile and prepare data for external tax preparers. Prepared monthly margin analyses relating to existing projects undertaken by different divisions.

Work closely the CEO and CFO in preparing financial statement and related schedules for quarterly board meetings.

Work closely with Corporate Controller, subsidiary Controllers and accounting staff in all aspects of the accounting cycle and assist with the development and mentoring of staff.

Prepared monthly and ad-hoc reports and summaries for CEO, CFO and other corporate directors.

Performed the role of an acting financial controller for one of the divisions, Diversified Fluid Solutions, till a permanent replacement was hired and trained. Trained the new controller on his job duties and other assignments.

Reviewed month end revenues and expenses relating to manufacturing of chemical distribution systems to companies in the semiconductor industry, including Micron, Intel and Samsung.

Act as an integral part of financial audits, bank audits, and others as needed

FINANCE MANAGER Nov 2016 to Aug 2017

Hubble Homes – Meridian, ID

Hubble Home is a home builder located in the Meridian with a history of over eighteen years in the home building industry. Total revenues in 2016 exceeded $65 million and continues to experience moderate growth in Ada and Canyon Counties. I am part of the executive management team and as the Finance Manager my responsibilities are:

Established and maintained a financial forecasting model that assist the company in projecting the financial needs of the company for home financing, land acquisition and development.

Work with Umpqua Bank in securing financing for lot inventory, home construction and acquisition and development of land. Oversee the activities of a Mortgage Loan Specialist to ensure all construction is financed appropriately.

Maintained project profit and loss analysis for every land acquisition and development project.

Interacted with private investors in securing and finalizing financing for different land projects. Reviewed legal documents, participated in discussion regarding strategies relating to land acquisition.

FINANCIAL CONTROLLER Feb 2016 to Aug 2016

Impact Sales LLC – Boise, ID

Impact Sales is a food brokerage company representing numerous manufacturers of foods and drink. Impact Sales was purchased by a private equity company in April 2016; concurrently acquired a brokerage company in Southern California and the consolidated revenues for 2016 were projected at $25 Million. My responsibilities were as follows:

Oversaw the transition from cash basis to accrual basis accounting. Established a process to account for all transactions to be reported under accrual basis accounting; payroll, accounts payable and accounting receivable.

Oversaw the transition from Quick Books on-line to Microsoft Dynamics NAV; migration of data, authentication of financial information, training and formatting new financial reports for management review.

Managed the day-to-day accounting operations and oversaw the month-end closing process and the presentation of financial statements to the management team.

Managed an accounting team of four employees.

FINANCIAL CONSULTANT May 2015 to Dec 2015

Resources Global Professionals – Boise, ID

I was employed as a consultant for SuperValu, Inc., in their Finance Shared Services Center in Boise, Idaho working for the property accounting group. SuperValu is a publicly traded grocery chain with revenues in excess of $17 Billion in fiscal 2014/15. As a financial consultant my responsibilities were as follows:

Calculated and booked monthly and quarterly lease impairments and reserves and adjusted reserves as needed. Compiled periodic usage and accretion of surplus property reserves for Albertsons and SuperValu. Provided financial details, variance analyses for reserves and forwarded updated footnotes for 10-Q financial reporting.

Analyzed and reported monthly rent expenses, common area maintenance, property taxes and other expenses on surplus properties versus established budget. Provided a preliminary budget for 2015/16 surplus property.

Maintained, updated and analyzed tenants in in over 500 surplus properties. Provide gain/loss analysis on potential sale and lease terminations deals for the Real Estate Group. Evaluated other deals relating asset dispositions.

Worked with Oracle Financials and Decision Expert Query systems to run analyzes and reports for monthly and quarterly reporting.

VICE PRESIDENT & CFO Jan 2011 to Sept 2014

Syringa Networks, LLC – Boise, ID

I was promoted to Vice-President and Corporate Officer in 2011. Syringa Networks is privately owned by twelve independent local exchange carriers in Idaho and provides broadband telecommunication services to wholesale and enterprise customers. The company owns and operates a fiber optic network that spans two states, Idaho and Utah. The company generated revenues in excess of $54 million in 2013.

Introduced a total revenue budget in excess of $57 Million for the calendar year 2014; including a capital expenses budget in excess of $20 Million and a corporate wide headcount of 140.

Negotiated and refinanced a $33-Million term loan and converted it to a line-of-credit with Wells Fargo Bank. Saved the company in interest expense in excess of $300,000 per year and increased debt capacity. Ensured compliance with credit/covenant compliance and provided lender reports timely.

Introduced a process automation project that is estimated to save the company in excess of $1 Million over a 5-year term. This project will enable the company to be more efficient overall and serve the customers better in the future.

In collaboration with the CEO, introduced a return-on-investment financial model to the sales team to evaluate customer projects and enabled the CEO and CFO to authorize capital expenses. The ROI model enabled the company to allocate resources with a minimum rate of return of 20%.

Improved sales growth over the past 5 years at an annual growth rate of 25% by implementing commission structures that rewarded contracts with high gross margin and longer terms. Worked collaboratively with the executive team to achieve the company’s growth plan and monitor commission expenses.

Decreased payroll processing costs in excess of 40% and increased productivity by outsourcing the payroll processing function to ADP and enabled the accounting staff to focus on value-added functions for the company.

Introduced a new web portal designed to manage employee benefits enrollment, management and updates by the employees. Use of the web portal increased employee efficiency by 25%.

Successfully managed a team of two financial controllers and eight accountants by providing leadership, mentoring and guidance to enhance their abilities. Promoted senior staff accountant to Controller position of the company. Promoted educational achievements via company sponsored tuition reimbursement program.

The independent auditors successfully issued “Unqualified Audited Financial Statements” since the inception of the company. Worked closely with the auditors in providing the needed information for the annual audit.

CHIEF FINANCIAL OFFICER Jan 2007 to Dec 2010

Syringa Networks, LLC – Boise, ID

I was promoted to Chief Financial Officer in January 2007. The company generated revenues in excess of $26 million at the end of 2010.

Collaborated with the new CEO, commencing January 2009, to transform the company to a growth-stage entity by expanding addressable markets, introduced new sources of revenues and products and refinanced existing debt to optimize growth.

Proactively communicated monthly P&L results, Balance Sheet and forecasts to the executive team and key managers to educate and reinforce the value of financial results and achieving corporate goals.

Developed key performance indicators in collaboration with the management team and monitored progress on a monthly basis. Proposed corrective actions to improve KPI’s that needed improvement.

Increased the credibility of published financial statements to the Board of Directors, owners and bankers by improving the accuracy of transactions processed, provided detailed footnotes and timely reporting of financial progress.

Improved cash forecasting by analyzing revenue forecast, operating and capital expenses, projected non-recurring revenues from customers and analyzing tax implications to the owners of the company.

FINANCIAL CONTROLLER Apr 2002 to Dec 2006

Syringa Networks, LLC Boise, ID

The company generated total revenues in excess of $12 Million in 2006.

Introduced an operating and capital budget in 2003 after initially operating under a “business plan” created by consultants for this start-up company. Total revenues in excess of $6 million.

Implemented, coordinated, planned and assisted the strategic planning process in collaboration with the CEO and executive team. Partnered closely with related business unit managers (General Managers of owners/members) as well as corporate functions such as finance, sales & marketing, technology management and development.

Defined plans, strategic initiatives and actionable items to deploy the corporate strategy by-department, assessed capability gap analysis, approved expenses related to strategic initiatives, quarterly tracked strategic initiatives by-department, monthly coordinated and discussed with departments about strategic initiatives and updated strategy outcomes to all business unit managers, stakeholders and the Board of Directors in a quarterly basis.

Worked with the executive team and business unit managers to further analyze gaps affecting the long-term goals of the company and worked collaboratively in finding solutions impeding the long-term strategic plans of the company.

Executed projects per CEO to further the financial and operational goals of the company. Assisted the CEO in a business development role to secure new customers in the market and conducted ad-hoc projects as needed.

Prepared and presented monthly/annual financial results and budgets to the Board of Directors and owners at the Annual Shareholders meeting; analyzed and presented budget versus actual variances.

Oversaw the outside plant operations for the company for four years. I reviewed contractors bid and picked the winning bidder and communicated the results to contractors. Established timelines to complete the project and emphasized completing the projects on budget and as-needed, resolved conflicts.

Worked closely with the CEO and the Board of Directors to analyze M&A targets, analyzed target’s financial status, determined collective synergies, increased market share and potential range of purchase price.

Directed the Human Resource Management activities of the company by implementing an “Employee Handbook,” engaged in the hiring process, advocated annual reviews and conducted salary surveys. Start-up phase consisted of 7 employees; total employee in August 2014 was in excess of 140 employees.

ADJUNCT PROFESSOR OF ACCOUNTING Jan 2000 to Jan 2007

Boise State University – Boise, ID

Ranked as the top-20 instructor in the accounting department, based on student reviews.

ASSISTANT CHIEF ACCOUNTANT Jul 1996 to Jan 2002

Washington Group International- Boise, ID

Performed month-end and year-end closing procedures for projects in the US and overseas.

Accounted for joint-venture projects in the US and overseas. Responsible for JV accounting, compliance, audits, prepared financial reporting packages and communicated with all JV partners.

Analyzed project costs versus project budgets, calculated percentage-of-completion on all projects and made the necessary monthly and annual accounting adjustments to reflect the status of the JV.

Established loss reserves and worked with the management team to determine the range of potential losses and determined the reason(s) for such losses.

Analyzed project cost reports, oversaw the monthly progress billings per agreements, entered intra-company costs transfers, provided financial reports to management and worked with JD Edwards accounting software.

ASSISTANT CONTROLLER Mar 1994 to Jun 1996

Equipco, Inc – Missoula, MT

Maintained the general ledger and published monthly and yearly financial statements for review.

EDUCATION

The University of Montana, Missoula, MT

Master of Accountancy - 1993

Master of Business Administrations – 1991 – Masters’ Thesis: “Influence of Shareholder Concentration on CEO Compensation: Empirical Evidence.”

Bachelor of Science – Finance - 1989

AFFILIATIONS

Certified Public Accountant – State of Idaho – CP-3995

BSU Accounting Advisory Board – 2003-2014

Treasure Valley CFO Forum – President [2010/2011/2018] & Member 2009 - Present

Treasurer – Boise Ranch Golf Course Men’s Association [2012 – Present] – Golf Handicap 10.2

Leukemia & Lymphoma Society – Board Member 2011

FC NOVA Volunteer Soccer Coach – 2010-2011

Institute of Chartered Accountancy Sri Lanka – July 2014 – Seminar Presentation: “Quality Financial Reporting and Appropriate Corporate Governance Creates Value for Owners.”

Contact this candidate