Management Financial

Paul G. Renn

*** *** **** ****, ********, AL – 720-***-****

Email: ********@*****.***

CONTROLLER/DIRECTOR OF FINANCE

CPA - Australia

With comprehensive experience in

Financial and Consolidated Reporting (US GAAP and IFRS requirements) - US, Canada and Asia Pacific.

Company start-up experience

Cash forecasting and long term finance control

Sarbanes Oxley Audit and Compliance – US, Canada, UK, Europe, Africa, Middle East, Asia Pacific

IT Systems Implementation

Costing Estimates and Operational budgeting

Financial project management

Full Budget Forecast Preparation – O&G, manufacturing and aviation.

IFRS Standards – IFRS 1 through to 17

CSOX (Canadian Compliance)

PROFESSIONAL EXPERIENCE AND SKILLS

My experience as a controller/finance director encompasses a broad spectrum, from privately owned local businesses to publically-owned international corporations in manufacturing, Aviation MRO plus oil and gas exploration. My experience as an international controller comes from extensive work experience in the US, Canada, Europe, the Asia Pacific region and Middle East, with proven hands on management style in the development and implementation of corporate plans and core values to foster and ensure company growth.

I strive to promote an atmosphere of high level team spirit and professional standards that encourage other professionals to balance maximum production with attainable goals. Experienced in MS applications, SAP, AS400, CODA, Quick Books Enterprise Accounting, Hyperion, Quantum ERP and other PC based accounting packages.

Career History

Coastal and Cabinetry LLC

Consulting Controller

June 2018 to present

I have been engaged to review the internal processes of the company covering all functions from sales, manufacturing, purchasing and all financial reporting to IRS report submission. In addition, I am also reviewing and sourcing a new Inventory system that can be fully utilized to allow direct interface to Quickbooks and provide a real time manufacturing WIP status.

Other areas of process review are:

Vendor pricing and sourcing

Payroll management and Sales Commission structure

AR recovery

Reconciliation processes for warranty and defective materials claims.

Creation of a Budget process and forecast financial model

Creation of a daily Cash management report process for long range cash forecasting

Review of financial incumbencies and other long term liabilities

Stone Interiors LLC

Consulting Controller

July 2017 to April 2018

My function as Controller was to implement new financial operations systems, introduce departmental accountability and bring all financial reporting up to date and prepare the internal systems to be of a standard that is satisfactory to the company lenders. The on-going specific responsibilities were:

Detailed cash management inclusive of cash analysis forecasting for both long and short asset based financing.

Preparation of all financial reporting using the Stone Profits system to year end final accounts for LLC operations.

AR and AP management.

Preparation of the annual budget and annual cash forecasts using self-developed financial models in Excel plus specific schedules for actual vs. budget comparatives.

Aero – mark MRO LLC dba Certified Aviation Services – Component Maintenance

July 2014 to April 2017

Director of Finance:

As Director of Finance I was responsible for the ongoing secure financial management of a re-developing aircraft component maintenance company. The company had two operations, one based in Fairhope, AL and the other in Ontario, CA. The operations of the company are in two distinct categories:

1) Maintenance, Repair and overhaul of individual aircraft component, specializing in hydraulics and pneumatics. Plus design and manufacture of upgrade components in older piston engine aircraft.

2) Provision of “on-tarmac” repairs to all types of commercial aircraft, both in the U.S. and international locations. Specific responsibilities include:

Preparation of all financial reports (Quick Books) to annual accounts for LLC operations.

Long term cash management and debt re-structure.

Daily reporting to general manager and president on cash position, AR and AP management, sales estimates for current month, job specific margins, WIP and current Inventory levels.

Liaise with current financial institution on weekly availability of LOC funding.

Weekly analysis of WIP and job cost margins.

Supervision of domestic and international Invoicing and collections.

Southern Cross Management Services LLC

June 2013 to July 2014

This was my personal LLC business which provided management accounting services/controller functions for small to medium size businesses in the Mobile, Daphne, Fairhope and gulf coast areas. My major assignment was with a restructuring franchising business which franchised fast-response home and commercial roofing and building repair or replacement caused by storm damage and /or catastrophic weather events. The owner of the franchise entity operation decided to sell the operation to a Dallas-based construction company in June of 2014. I worked with this company in completing the sale of the franchise and the transfer of the financial management and assets from Foley, AL to Dallas, TX.

Tesla Exploration Inc. - formerly Tesla – Conquest Inc. /Conquest Seismic Services Inc. March 2008 to June 2013

Denver, Colorado

A division of Tesla Exploration Ltd. (Canada)

Controller/Assistant Company Secretary – United States

Controller and Assistant Secretary for the US entity of a Canadian-based multinational corporation.

The US division was a $50 mil operation covering 2D, 3D, 3C seismic data acquisition surveys for an extensive US and international client base covering the requirements of oil and gas exploration along with mining applications in precious metals. The position was the senior management of U.S. financial systems and procedures. I also provided daily, weekly, monthly financial analysis of project costs, cost/revenue margins for US Operations VP and procedural advice to non-accounting management. Other functions include:

Manage and control the effective production of monthly, quarterly and annual corporate financial reporting (US, Canadian GAAP and as of 2012 – reporting in IFRS standards) plus provide detailed analysis of same, highlighting changes in trends, ratios, cost movements and comparative to financial plan

Provide leadership and management in the setup of the US accounting and administrative systems, incorporating Quick books Enterprise and specialist software for Bid/costing proposals combining financial statistics with Geophysical data

Establish and maintain an effective and productive relationship with US banking providers and equipment leasing companies

Implementation and control Job Cost reporting system

Prepare in depth comparatives of Bid to Actual for US seismic programs

Prepare all federal, state and county tax (usage) returns as required by law

Prepare and obtain all federal, state and county security bonds require for seismic operations

Complete all Withholding and other tax requirements for foreign employees working in US

Regularly review and provide detailed analysis of operational field expenses, third party

contractor costs and G&A to President – US, VP – US, VP – Exploration (US), Corporate CFO and where deemed required, direct to Crew Managers

Liaise with CSOX auditors, review all documentation and test internal systems for compliance with CSOX and SOX 404 requirements.

Regularly review finance and leasing contracts against current market conditions to ensure

a continuous economical and beneficial terms and rates.

Cash management for effective AR and AP process flow,

Co-ordinate change management of merger process in US and complete the merger of US

entities into single operating unit as Tesla Exploration Inc.

Successful cost reduction process of $12.0M in operating costs during 2009

Implementation of system change from Quick Books to Deltek AMRVision with additional modules outside of Vision.

Diamond Wire Technology October 2006 to March 2008

Colorado Springs, Colorado

Controller

This was a newly created role with an expanding diamond wire and saw manufacturer to set up the company’s financial reporting and other management systems to cater for the expected doubling of growth each year over the subsequent 24 months and transform its production to a predominantly export based output. Along with the Controller financial functions, conduct a comprehensive strategic analysis for potential new export market development.

Preparation of monthly/quarterly/annual financial statements-GAAP standards using Peachtree Quantum

Liaise with external auditors on corporate filings and raising of equity capital

Development of in-house cost control systems for manufacturing, inventory and material management

Asset Management and Capital expansion

Budget preparation and financial modeling

International letters of credit and foreign credit management (Taiwan, Korea, Japan, Switzerland, China)

Preparation of all foreign sales, finance, export and terms of payment documentation

Detailed Cash Management, Cash Analysis Forecasting and Long term and Asset Based Financing

Foreign Debtors certification for Asset Based lending

Robert Half International – Consulting Division March 2006 to September 2006

Gordon Sign - Denver, Colorado

Controller/Director – Finance and Administration

This was a contract position to re-establish financial management and statutory reporting schedules for corporate compliance. Plus develop cash flow management to reduce delays in accounts receivable (AR) and payable. Conduct an analysis of the existing IT system with recommendations for process improvement. Evaluation of current staff levels, HR functions and general administration.

All monthly and quarterly accounting processes including revenue recognition

Completion of 2005 annual accounts for consolidation and submission to SEC

In house management of AS 400 system

Returning AR collections to prescribed budget levels and above

January 2006 to March 2006 – Completing Permanent Residence (Green Card) process, my Green Card was issued March 21st 2006. I obtained my U.S. citizenship on December 18th, 2015 and continue to hold dual citizenship with Australia.

Hughes Christensen – a Division of Baker Hughes August 1997 to December 2005

Compliance Accountant / Auditor: Sarbanes Oxley 404 regulations – Corporate Office – The Woodlands, Texas January 2005 to December 2005

Provide development and documentation of Primary and Key controls in the financial and operational systems of company’s worldwide locations.

Development of testing processes and plans for US and worldwide locations to include Canada, UK, South Africa, Indonesia, Malaysia, Italy, Norway, UAE, Oman, Singapore, Vietnam, Thailand

Walkthrough documentation

Testing of manufacturing systems – SOX 404

Testing of inventory controls – SOX 404

Audit testing of controls, review of non-compliant processes and re-testing as required

District Accountant/Administrator/Financial Analyst – Australasia and South East Asia – Perth, Australia

August 1997 to December 2004

All financial reporting in U.S GAAP or IFRS as required plus individual country requirements for Australia, New Zealand, Indonesia, Papua New Guinea and Singapore. Direct and monitor internal FCPA compliance and the implementation of Sarbanes Oxley 404 system modules in Australasia and South East Asia. Project cost management (Consignment equipment) – oil field related for Australia, New Zealand and Indonesia.

Internal audit and FCPA compliance

Management of Customs and importing requirements for oil /gas drilling equipment

Staff supervision – Australia, Indonesia and Singapore

Financial reporting and Cost analysis

SAP Logistics control (inventory and importing)

Foreign exchange (hedging as required), international payments

Monthly and Annual accounting (GAAP) – multiple countries, Statutory accounts as required

SAP configuration and operation of finance, inventory, revenue modules

Establishment of administration/manual systems for Australia, New Zealand, Indonesia, Philippines and Papua New Guinea

EDUCATION / SPECIALIZED TRAINING / COMPUTER SKILLS / PROFESSIONAL AFFILIATIONS

B.A. degree: Accounting – Caulfield Institute of Technology – Australia

Diploma: Computing – Caulfield Institute of Technology – Australia

Australian National Institute of Accountants – Certification program

CPA – Australia

Mining Industrial Relations Course

Member - Institute of Internal Auditors (USA)

Corporate training courses in TQM, Legal and Contract Compliance, Oil and Gas well financial modeling, cultural and language studies – Indonesia, Malaysia

Confidential references in the US, Canada and Australia can be provided on request.

Contact this candidate