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Financial Reporting Experience

Oxnard, California, United States
November 07, 2018

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Michael A. Vartanian, CPA

**** ****** ***** ***** ******, CA 93036 Cell Phone: 559-***-**** Email:

Accomplished financial executive with over twenty years of experience delivering bottom-line improvements, providing leadership for continuous improvement across operations, developing and implementing financial and ERP operating systems, strategies, processes and controls that significantly improve Profit. Expert in establishing short and long-term financial objectives, proven ability to work closely with executive team to drive strategic growth, maintaining strong internal controls, ensuring financial statements prepared in accordance with GAAP; best practices; cost-reduction, automation; and skilled in developing and implementing business drivers, metrics and financial concepts. Computer skills include proficiency in MS Office, multiple ERP systems and related accounting software.



Chief Financial Officer, 11/2005 to Present

Chairman of the Board (2 One Year Terms)

Regional Company with 5 branch locations providing analytical chemistry and a variety of engineering services to governmental and private entities. 100% Employee-owned company. Reporting to President/CEO.

Key results:

Successfully implemented Deltek Vision, a web based ERP platform developed for professional service firms and includes full financial functionality. Developed in-house full accounting functions for the first time in company’s then 40 year history. Restructured accounting department by producing twice the output while reducing staff in half; fostered a collaborative environment that improved productivity, and team morale.

Negotiated and managed to completion the sale of a food testing division of company to provide cash infusion, focus company on core competencies and improve bottom-line profits.

Completed company’s first strategic plan including mission statement, vision, values and strategies by playing a key role while on the company’s board of directors.

Initiated and implemented SUB plan to achieve an added 10.5% margin on all public works projects with employee benefits.


Vice President – Finance & Information Technology, 2/2005 to 10/2005

International Company is a world leader in the manufacture of a versatile line of vertical turbine pumps. A subsidiary to The Weir Group, PLC, a global engineering company based in Scotland, a $1.5 Billion Company listed in UK.

Duties included full responsibility for all financial and information technology functions for the Company through a 16 person team. Reported to Divisional Finance Director based in Scotland and Company Level President/General Manager. Performed Company’s Corporate Secretary and Treasury duties while being an Officer of the Company.

Key results:

Upgraded highly modified and poorly configured ERP system to newer version at minimal cost. Re-engineered accounting processes including driving more informative manufacturing variances out of the system and creating new Chart of Accounts.

Performed financial margin review of contracts as they came in the door to secure and increase profitability. Actual margin improvement during this period was 9.7%.

Improved accuracy and reliability of P/L and cash forecasting by establishing processes and communication between departments. Developed Working Capital Action Plans and achieved $2.6M improvement.

Upgraded Accounting and IT staffing skills and encouraged Companywide interaction by physically moving Accounting staff to the Main Building.


Vice President – Finance & Administration, 8/1987 to 2/2005

International Company manufactures refrigerated vending machines for the soft drink market. A subsidiary to Sanden Corporation of Japan, a $2 Billion Company.

Duties included full responsibility for all strategic development, leadership and planning of entire finance, information technology, human resource and administrative functions for the Company through a 27 person team. Additional responsibilities included long-term strategic visionary planning, overseeing the Company’s environmental groundwater cleanup and related insurance recovery activities, legal review and Corporate liaison duties with outside counsel, lenders, external auditors and insurance brokers.

Key results:

Reduced overhead by $5M or 15% through consolidation and eliminating functions, revising benefit package and cutting discretionary spending.

Successfully negotiated and executed the sale of four parcels of land and sold the remaining 30 acres of property owned by the company in a lump sum transaction without use of a real estate broker to maximize profits for the company.

Coordinated the negotiation of a sizable settlement with our insurance company.

Identified and coordinated the closing of a subsidiary saving the Company over $500,000 per year.

Successfully orchestrated a smooth result regarding the Fresno Plant closure announcement with newspaper and television reporters as well as union negotiations while managing the operation of the company for another 8 to 14 months.

Performed significant role in the setup of the new Dallas, Texas plant location including negotiation with the City of Dallas for roughly $150K in tax incentives; negotiated two separate leases for the plant and a warehouse; planned short and long-term profit and cash flow projections to obtain appropriate financing for the move.


Performed all financial accounting, planning, legal coordination, environmental, insurance and Corporate Secretary duties while reporting to Vice Chairman.

Key results:

Improved financial closing cycle from 13+ days to less than one day. Implemented process and system changes in order to quickly update management of financial performance. Developed mid-month financial forecasts to enable management to quickly react and improve the results before the month is completed.

Maintained accurate set of records supported by no audit adjustments during all years as performed by Big 4 external accounting firm.

Successfully implemented Computer Associates PRMS integrated manufacturing (MRP II and JIT) and accounting systems. Directed GL/Financial Reporting module. Participated as a team lead and directed components of order entry, manufacturing and accounts payable. Only department in Company to implement on schedule.

Improved cash flow by $8M by reducing DSO from 70 to 43 days, reduced inventory and controlled capital spending.

Secured and negotiated an operating line of credit of up to $12M for the Company.

Developed a comprehensive financial reporting package for Management.

Improved audit outcome over 700% from previous California sales tax audit.


Audit/Tax Senior, 1985 to 1987

Largest local CPA firm in the San Joaquin Valley.

Responsibilities included various tax and audit services in multiple industries.


Auditor/Tax Professional, 1983 to 1985

International Big 8 CPA Firm.

Responsibilities included audit and tax functions for a multitude of industries; promoted to Advanced Staff in 1984; worked in tax department; extensive training in both audit and tax; analyzed and tested internal control systems.


Certified Public Accountant, State of California


Bachelor of Science in Business Administration – Accounting Option

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