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Manager Accounting

Location:
Tomball, Texas, United States
Posted:
August 17, 2018

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Resume:

Greg Krinickas, MBA

***** ****** **** ******

Cypress, TX 77429

Home: 281-***-**** E-Mail: ac6pnz@r.postjobfree.com Mobile: 815-***-****

CONTROLLER / TREASURY MANAGEMENT / SENIOR FINANCE MANAGER

Successful Financial Professional with a solid record of accomplishments emphasizing a broad range of financially related matters to include cost reductions, high volume and project cost accounting, treasury management, income statement and cash flow forecasting, acquisition planning, strategic financial planning and analysis, asset management, and personnel training and development. Utilized strong finance and accounting skills in manufacturing as a business advisor and consultant to dynamic and growing organizations. Conveyed complex financial information into high level understandable formats. Ability to implement the vision and strategic roadmap for an organization.

Professional Work Experience

OIL STATES INDUSTRIES, INC. – Houston, TX

Oil States QCS Division

A leading designer and manufacturer of subsea pipeline connectors, emergency repair equipment and services.

Controller 2013 - 2017

Oversee the company’s accounting principles, practices, and procedures regarding the maintenance of financial records for internal and external reporting purposes. Direct general accounting, cost accounting and budget processes for the company. Appraised operating results in terms of costs, budgets, forecasts, operating and financial policies, trends and profit opportunities for the company.

Reduced month/quarter end closing duration from 8 – 10 days to 5 days.

Avoided revenue recognition compliance issues by implementing robust SAB 104/ASC 605 policies, especially for bill and hold contractual arrangements.

Reduced receivables DSO an average of 8 days by aggressively pursuing advance payments on customer orders over $500K.

Successfully executed ERP transition from Great Plains Enterprise to Glovia resulting in cost savings of $36,000 annually.

Financial reporting of monthly financial results both statutory and US GAAP & updates of forecast.

Worked closely with project engineering on large customer contracts to understand work process flows and milestones to accurately recognize revenue.

Responsible for accuracy of subsea service and rental tool billings.

Directed POC (percentage of completion) accounting for major projects over $2M and 6 months duration.

Directed monthly and quarterly forecasts as well as the annual budgeting process.

Managed A/R, AP, payroll, general ledger, fixed assets, and other administrative functions.

Review of financial data including analysis of key variances, identify issues and initiate corrective action.

Developed and maintained internal controls including Sarbanes-Oxley documentation. Review and controlled departmental spending.

Various other special projects and analysis.

GENERAL ELECTRIC COMPANY – Houston, TX 2010 – 2013

Energy Infrastructure – Oil & Gas

A leader in the development and delivery of advanced product and service offerings for the global oil and gas industry.

North American Services Senior Finance Manager

Accountable for functional, business, and broad company objectives. Integrate and developed processes that met business needs across the organization, managed complex issues within functional area of expertise, and contributed in long-term planning and overall business strategy. Support N.A. Finance Manager, Global Services Finance Manager, and partner with N.A. General Manager Services.

Serve as business partner to the operating team to drive business initiatives, growth, and profitability.

Responsible for 14 service and manufacturing sites throughout North America.

Responsible for accurate service and rental tool billings for 14 service sites.

Partner with technical/business leaders and staff to drive operating performance and act as champion for cost optimization, productivity, and inventory accuracy and utilization, as well as inventory standards.

Develop estimates, operating plans, forecasts, reviews, Growth Playbook, and SII.

Develop and establish financial policies and procedures.

Perform internal and external audits and ensure controllership and consistency of accounting process across operations, drive controllership awareness and processes through operations teams, and ensure finance compliance.

Develop and control investments related to service business.

PRIMEX FAMILY OF COMPANIES – Lake Geneva, WI 2007 – 2009

Primex, Inc., Combex, Inc. (d.b.a. Chaney Instruments, and Primex Wireless, Inc.

A Leading Manufacturer & Distributor of Time & Temperature Measurement Products for Retail & B2B Customers

Controller

Directed the financial reporting and analysis, cost accounting, treasury management, budgeting and forecasting processes for the combined companies. Supervised 10 exempt and non-exempt accounting staff.

Oversaw manufacturing and SG&A cost reduction initiatives working with procurement and operations teams.

Handled financial planning and analysis efforts directly related to sales force realignments and resource allocation adjustments. This identified $220K in annualized sales and marketing savings.

Lead monthly financial reviews, developed the annual budget and quarterly forecasting process.

Analyzed, reported and presented monthly financial results of all business units with emphasis on continuous improvement and leveraging investment in strategic R&D initiatives.

Provided executive management with proactive financial analysis, spending controls and streamlining financial processes resulting in annual savings of $30K.

Ensured timely completion of external audits, proper internal controls and compliance with GAAP.

ECLIPSE, INC. – Rockford, Illinois 1989 – 2006

A Global Leader in Industrial Heat Process Equipment & Controls

Controller Americas (2003 – 2006)

Primarily responsible for managing the financial and cost accounting functions including planning and analysis, payroll, accounts payable, accounts receivable, credit and collections, cost accounting, and general accounting functions. Directed and supervised 7 exempt and non-exempt accounting staff.

Directed the annual budgeting process for North American entities in accordance with board and shareholder expectations. Performed and directed monthly financial forecasting on a 12-month and 3- year horizon.

Evaluated and appraised operating results and forecasts in terms of costs, budgets, and policies of operations, trends, and increased profit opportunities using both Excel charts and PowerPoint presentations. Presented financial results and forecasts in all-employee meetings.

Directly responsible for Eclipse’ accounting practices, the maintenance of its financial records, the preparation of all financial reports, fixed asset accounting, internal auditing, cost accounting and analysis, payroll, key performance indicators and budgetary controls.

Planned the annual financial audit coordinating internal staff and external audit firms to produce audited financial reports according to GAAP.

Responsible for determining corporate cash position, debt service and other treasury functions as well as credit line covenant compliance.

Achievements:

Created quarterly financial forecasts by value stream tied into annual goals and bonus programs.

Improved process flow by realigning accounts receivable department along customer business development (CBD) teams working much closer with order entry and engineering personnel in accordance with Lean principles.

Active consultant with an Eclipse subsidiary Eclipse Combustion Equipment (Suzhou) Co., Ltd with cost accounting, inter-company pricing and ex-patriate issues.

Established an Eclipse, Inc. subsidiary, Eclipse Combustion (Thailand), Ltd in Bangkok with local authorities.

Cash flow was accelerated by $2M through series of Credit Kaizen meetings resulting in DSO decreasing an average of 9 days.

Directed monthly After-Action margin review meetings resulting in annualized margin gains of $4.8M.

Manager of Financial Accounting (2001 – 2003)

Responsible for credit and collections, accounts receivable, daily cash management and loan servicing, bank covenant compliance and general accounting. Assessed alternatives and overall financial performance to suggest appropriate course of action. Supervised accounts receivable staff of 3.

Determined daily cash position and serviced debt along with credit agreement covenant compliance. Produced monthly borrowing base certificates as a requirement of asset based lending agreement.

Performed component make-buy analysis as well as lease-buy analysis for major capital expenditures. Assessed alternatives to recommend and implement appropriate course of action.

Facilitated order entry and credit kaizan events reducing waste and touch time while improving workflow for both processes.

Compiled Eclipse consolidated financial and key performance metrics reporting package on a monthly basis along with analysis and recommendations for corrective action.

Responsible for fixed asset and major expenditure reporting. Periodically proposed approval authority levels for spending.

Financial Analyst & Controller (1998 – 2001)

Financial Analyst – Cost Accountant (1989 – 1998)

WARNER LAMBERT COMPANY – Rockford, Illinois Financial Analyst 1982 – 1989

A Market Leader in the Pharmaceutical & Confectionary Industry. Successors are now Kraft Foods.

Education: MBA Management – February 1991

Rockford College Rockford, Illinois

B.S, Degree – Finance - December 1982

Northern Illinois University DeKalb, Illinois

Training: GE Crotonville Controllership 2012

Administrative Lean Principles 2005

Lean Management Accounting 2003

Leadership for the New Millennium 2001

Technology: MS Office, Lotus SmartSuite. Best FAS Software

Experience with numerous ERP systems including:

ORACLE, GREAT PLAINS, GLOVIA, COPICS, MK, PROCO, WINMAN, BPCS, HYPERION, JD EDWARDS, COGNOS

Affiliations: Institute of Management Accounting (IMA)

Rockford Marlins Swim Club Volunteer

United Way – Past Allocations Committee

Salvation Army – Past Board Member



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