Randall S. Toombs

***** **** ***., ********, ** *0605 562-***-****

ac77b5@r.postjobfree.com LinkedIn

CFO / VP of Finance & Accounting

20+ years’ success leading financial processes for high-growth organizations

Repeated success directing and establishing accounting, finance, and information systems in accordance with GAAP and SOX 404, with full responsibility for procedures, mergers, acquisitions and special projects. Extensive experience working with management teams setting strategic direction. Expert negotiator, and businessperson; able to forge solid relationships with partners and build consensus across multiple organizational levels. Proven ability with the creation of analyses for strategic and operational decisions, as well as budgets and forecasts for large manufacturing operations experiencing adverse cost and market challenges.

Highlights of Expertise

Strategic Business Planning

Acquisition Evaluation

Cost-Effective Contract Negotiations

Reporting & Analysis

Covenant Maintenance

Risk Management Analyses

Banking & Lender Relationships

Capital Equipment Selection

Vendor Management

Team Building and Leadership

Career Experience

New-Indy TriPAQ 2017 to Present

Director of Finance, New-Indy TriPAQ LLC, Cerritos, CA (4/2017 – Present)

Provided executive-level financial leadership in turnaround and business transformation activities for underperforming newly acquired manufacturing entity.

Member of senior management team that developed initiatives involving divestiture of unprofitable non-core business, right-sizing ongoing business and creation of capital plans and justifications for $8M investment in strategic capital that significantly increased capacity while reducing labor cost through automation. Conduct all internal and external financial reporting, financial planning and analysis, and costing analysis. Supervise Accounting Manager and Purchasing Manager.

Performed all financial analysis that resulted in a turnaround from a 2017 ($6M) annualized loss to an end of year breakeven situation.

Developed 2018 plans with President that have resulted in profitable 2018.

Worked closely with President to analyze financial impact of various capital investments and produced analyses to obtain financing from competitive internal company sources.

Developed KPI’s and reporting mechanisms to keep salesforce and operations moving in an aligned strategic direction.

White Birch Paper 2008 to 2017

VP, ADMINISTRATION & STRATEGIC PLANNING, Bear Island Paper, WB LLC, Ashland, VA (2/2014 – 3/2017)

Provided executive-level leadership and oversight of all financial and purchasing functions.

Strategically develop initiatives involving energy, fiber procurement, steam production, and asset utilization and procurement. Conduct all internal and external financial reporting, financial planning and analysis, and costing analysis. Supervise Mill Controller and Purchasing Manager.

Drove energy and steam initiatives, resulting in $6M of annual savings.

Select and manage MS Dynamics AX ERP system implementation.

Directly manage the annual certified financial audit and relationships with legal counsel, appraisers, and other professional groups.

DIRECTOR OF CORPORATE FINANCE, SP Fiber Technologies, LLC, Dublin, GA (9/2012 - 12/2013)

Oversaw all consolidated financial reporting and analysis for two paper mills in Dublin, GA and Newberg, OR, as well as SP Recycling’s 18 facilities.

Oversaw GAAP financial statements, financial and cost reporting, budgeting, forecasting, and federal, state and local tax filings. Provided weekly, monthly and quarterly reporting to lender/owner and Board of Directors, as well as cash management and cash flow forecasting. Managed insurance and risk. Oversaw two professional direct reports performing corporate financial services and management and cash management, including maintenance of capital budget and expenditures.

Solely managed the establishment of all new financial systems in the emergence from bankruptcy restructuring.

Implemented MS Dynamics GP ERP system.

Led the management of annual certified financial audit.

Continue negotiating settlement of various liens and contracts that were assumed in the SP Fiber Technologies, LLC acquisition of the assets out of Chapter 11 bankruptcy proceedings.

DIRECTOR, FINANCE & ACCOUNTING, SP Newsprint Holdings, LLC & Subsidiaries, Dublin, GA (10/2011-9/2012)

Provided oversight for all financial reporting and internal controls for SP Newsprint Holdings LLC's two paper mills in Dublin, GA and Newberg, OR and SP Recycling Corporation.

Directed processes, including GAAP financial statement preparation, financial and cost reporting, budgeting, forecasting, and federal, state, and local tax filings. Managed four professional direct reports and two professional indirect reports in controllership and cash management.

Entrusted with full responsibility for leading the company financial operations through the Chapter 11 financial restructuring process.

Served as financial member of team that transformed operation in Dublin from producing declining market graphics papers to growth market packaging materials.

Provided analyses that led to the production of packaging grades on paper machines originally designed for Newsprint production.

Implemented Packaging KPIs for measuring and monitoring improvements in production of new products and to identify and prioritize cost issues and constraints to be addressed.

CORPORATE CONTROLLER, SP Recycling Corporation, Dublin, GA (8/2008 - 10/2011)

Managed all accounting using J.D. Edwards World software in an AS400 environment, including GAAP financial statements, financial and cost reporting, budgeting, internal controls and federal, state and local tax filings.

Managed staff of five performing accounting and reporting function including A/R, A/P and payroll. Set internal control environment for bookkeepers at 24 recycling facilities throughout the United States. Developed 2008, 2009, 2010, and 2011 budgets with management team and assisted in documenting assumptions and critical task accomplishments necessary to achieve results.

Improved internal control environment by requiring compliance with existing policies and procedures and implementing consequences for violations.

Integral in identifying and implementing significant cost reductions, including facility closures, headcount reductions, vendor evaluations and renegotiations, and eliminating brokers and selling to end user customers, resulting in over $7M annual cash savings.

Implemented cash management process and discipline in a decentralized organization of 24 check-producing locations that improved cash flow and provided an accurate cash forecasting tool for cash management and compliance with lender covenants.

Successfully managed IRS audit of 2007, 2008, and 2009 federal income tax returns, collaborating with tax advisors and outside company legal counsel.

Temple-Inland, Inc., Rome, GA 2006 to 2008

Responsible for all mill accounting using J.D. Edwards One World ERP software including GAAP financial statements, cost accounting, budgeting, forecasting, internal controls, and internal audit coordination and state and local tax filings, as well as facilities administration for $350M kraft linerboard mill that was part of a $3.9B publicly traded company.

ASSISTANT CONTROLLER – ROME LINERBOARD MILL (1/2006 to 8/2008)

Enhanced accuracy of grade costing report and provided information monthly to management. Developed 2007 and 2008 budgets, partnering with management team and assisting in documenting assumptions and critical task accomplishments necessary to achieve results. Produced quarterly rolling forecast that recognized current operating conditions and identified cost areas for improvement. Manage staff of five performing accounting and reporting function including A/R, A/P, and payroll.

Contributed to minimizing cost and optimizing yield and mill balance by working closely with wood yard, pulp mill, utilities and paper machines and providing daily, weekly and monthly reporting.

Improved internal control environment and managed internal audit to a “good” score from a previous “poor” score after implementing SOX.

Additional Experience

Controller (2003 to 2006) Smurfit-Stone Container Corporation, Chattanooga, TN

Group Finance Manager (2001 to 2003) SI Corporation, Inc., Chattanooga, TN

Controller (2000 to 2001) PaySys International, Inc. / Delos Payment Systems, Norcross, GA

Corporate Controller (1999 to 2000) Chipman-Union, Inc., Union Point, GA

Education & Credentials

Bachelor of Science in Accounting; Minor in English

Bob Jones University, Greenville, SC

Certifications

Certified Public Accountant (Inactive)

Technical Proficiencies

MS Dynamics AX, MS Dynamics GP, SAP R/3, Epicor Platinum, and J.D. Edwards One World ERP software systems, as well as SAP BW, Hyperion, FRx, Crystal Reports, J.D. Edwards and MS Excel, Access and PowerPoint for reporting, spreadsheets and presentations.

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