DAVID CARLILE, CPA

*** ****** ** 972-***-****

Prosper. Texas 75078 ac742j@r.postjobfree.com

CHIEF ACCOUNTING OFFICER

Strategic Planning…Entrepreneurial…Problem Solver…Analytical…Multitasker…

Decision Maker…Team leader…Reporting

Financial and Accounting executive with extensive International experience in the manufacturing, distribution and processing industries. Provided strategic direction that integrates accounting/finance, as a key player, in the business values, vision and goals. Key strengths include results achiever, financial management, critical analysis and loyalty.

Accomplishments include:

Responsible for M&A strategy which completed due diligence on 8 target companies and successful acquisition of 3 companies; 2 distribution and 1 manufacturing. Also led divestures and managed data room as acquired company.

Converted US GAAP and Hong Kong GAAP prepared comparative financials to IFRS to facilitate an Initial Public Offering on the Italian Stock Exchange.

Led SAP conversion for NAFTA division.

As a member of the senior leadership, led tax planning which led to a corporate restructuring which involved a reverse triangular merger and the creation of one holding company, three C-corporations, one LLP and one Ltd (Hong Kong) to allow the utilization of $20M of tax benefits. In another case, led the restructure and internal sale of a division, allowing utilization of $17M of tax benefits.

PROFESSIONAL EXPERIENCE

ADVANTA US, INC., Irving, TX 2014-2018

NAFTA operations of Advanta, Ltd; a member of the UPL (United Phosphorous Limited) group of companies, a global generic crop protection, chemicals and seeds company headquartered in India. Advanta has operations on 6 continents and sales in 25 countries.

NAFTA Controller/CFO (2014 – 2018)

Reporting to the CEO of US operations as well as the, Dubai based, CFO of Group operations, and supervising 3 employees. Responsibilities Included:

Prepared all financial reporting in US GAAP, India GAAP, IFRS as well as exchange reporting.

Negotiated credit insurance policy granting 4x coverage from prior policy, 270 days, and a discretionary credit approval line based upon implemented credit policies.

Established a factoring program with a new crop introduction to improve cash flow by $1.2M

Led analysis of R&D (Local and Global) processes and achieved $127K tax credit.

Led SAP ERP conversion for NAFTA division.

Completed Phase I of SAP Financial Reporting automation, reducing close by 5 days.

Led division restructure and internal sale, allowing utilization of $17M of tax benefits.

ACCRETIVE SOLUTIONS, INC, Dallas, TX 2014

Accretive Solutions, Inc., is a professional services company, provides consulting, project resources, and outsourcing solutions for various organizations ranging from start-ups to the Fortune 500. The company is headquartered in Chicago, Illinois and has 11 offices nationwide.

Senior Field Consultant (2014)

Reporting to the Vice President of Consulting - Dallas, assigned to team working on IFRS consulting projects. Responsibilities Included:

Working with client customers on GAAP to IFRS conversion strategies.

Work with team members on project based assignments.

Prepare conversion schedules in compliance with European stock exchange regulations.

Prepare quarterly US GAAP to IFRS conversion financial statements for European banks.

MARAZZI USA, INC., Sunnyvale, TX 1988–2014

US operations of the Marazzi Group; the World’s second largest manufacturer of ceramic tile with sales of approximately $1 Billion ($278 Million in US) and manufacturing operations in 5 countries.

Vice President of Finance/CFO (1997-2014)

Reporting to the CEO of US operations as well as the, Italy based, CFO of Group operations, and supervising 27 employees. Responsibilities Included:

Led corporate restructuring which involved a reverse triangular merger and the creation of one holding company, three C-corporations, one LLP and one Ltd (Hong Kong).

Responsible for merger and acquisition strategy which completed due diligence on 8 target companies and successful acquisition of 3 companies; 2 distribution and 1 manufacturing.

Negotiated $55 million unsecured multi-year line of credit with favorable covenants.

Redesigned employee medical benefits program to include the following: employee wellness company self-insurance and catastrophic reinsurance.

Supervised the environmental permitting, in a non-attainment area, which allowed for doubling manufacturing capacity to 235M square foot production.

Enabled Italian Stock Exchange offering by converting US and Hong Kong GAAP prepared financials to IFRS.

Corporate Controller (1994-1997)

Reported to the Vice President/CFO of US operations, supervising 28 employees. Responsibilities included:

Enabled consolidated financials, at Italian parent company, by developing template which consolidated USA manufacturing, wholesale and advertising entities.

Implemented standardized policies and procedures for all non-sales activity at Company’s 6 wholesale locations.

Reduced worker comp insurance cost by 25% by leveraging safety programs initiated in the manufacturing plant.

Negotiated Interest Rate Swap to fix interest rate on 50% of outstanding debt.

Utilized fixed and open forward exchange contracts as well as London based bank to facilitate purchase of $3 million of Italian manufacturing equipment.

Supervised Management Information Systems – operations on Cognos™ and Dancik™ (proprietary tile operating system)

Financial Accounting Manager (1989-1994)

General Accountant (1988-1989)

EDUCATION

Bachelor of Business Administration, Accounting Major

West Texas A&M University, Canyon, TX

ACCREDITATION

Certified Public Accountant

Texas State Board of Public Accountancy

PROFESSIONAL ASSOCIATIONS

Member of Texas Society of Certified Public Accountants

Financial Executives International

Listed in Who’s Who Worldwide of Global Business Leaders

Past Chairman National Association of Credit Management Ceramic Tile Group

Past Board of Director of Sunnyvale Chamber of Commerce

Treasurer of 4A Economic Development Corp. – Town of Sunnyvale, Texas

Former Board Member of all USA based Marazzi Group Companies

Contact this candidate