Phyllis F.J. Yokley, CPA, MBA

*** ******* ***** ****: 336-***-****

Kernersville, NC 27284 ac93fp@r.postjobfree.com

CAREER SUMMARY

A resourceful Senior Financial Specialist with a strong administrative and operations background in a global organization. Proven expertise in all phases of business including accounting, finance, evaluating cost data, legal contracts, global sourcing, and inventory control. Well known as a strategic thinker with comprehensive business sense and a leader with solid communication and finance skills. Committed to continuous improvement and coordinate critical business processes among business units to ensure all objectives are met. Foster and cultivate stakeholder relationships at all levels of the organization.

FINANCIAL REPORTING ● FINANCIAL MANAGEMENT ● INVENTORY MANAGEMENT

ACCOUNTING RESEARCH/ANALYSIS ● GLOBAL SOURCING ● LEGAL

PROFESSIONAL EXPERIENCE

CFO 6/2016 - 11/2018

Steel Buildings & Structures, Inc., Mount Airy, North Carolina

Safeguard Metal Buildings, Inc., Troy, Texas

Manufacturers, Distributors and Installers for various steel buildings, including Garages, Carports, Farm Barns, etc. in 15 States. Annual sales of $60 million.

Major functions:

Sales & Use Taxes: computing sales tax for each transaction, differentiating and examining tax exemption clientele, reporting and paying to each state on the monthly basis.

Payment Terms: developing and supervising payment terms: deposit, pre-payment, credit card, rent-to-own, lease and installment.

Bank Loans: being a liaison to negotiate favorable rate for million dollars loan.

Accounting Software: building and maintaining a new system to cope with complex business model, integrating with sales tax software.

Financials: reviewing, reconciling and closing at each month end.

Taxation: forecasting, minimizing, reporting and filing quarterly and yearly income tax.

Vice President - Finance 9/2000 – 9/2015

Process Research Products, Trenton, New Jersey

An International Specialty Chemical Manufacturing Company supplying process chemicals to wafer manufacturers worldwide. Annual sales of $30 million.

Financial Close: review, reconcile, and close A/R, A/P, and cash flow to ensure highest levels of completeness, timeliness and accuracy. Drive monthly Analysis Review & Variance Analysis process. Handle ad hoc financial reporting.

Financial Reporting: apply lean standardized processes and reports to eliminate waste and to maximize stream-line processes to develop a highly efficient and effective financial reporting team.

GAAP: ensure accounting procedures are aligned with generally accepted accounting principles and compliance with all federal, state, local and contractual guidelines.

Financial Management: Identify and implement process and system improvements, consistent with approved policies, to fully account for monies entrusted and to maintain high quality expenditure.

Financial Planning and Analysis: deliver short, mid and long-term strategic financial plans to ensure financial health, cost reduction and continuous improvement.

Forecast and Budgeting: analyze and interpret the variances to improve performance for each cost center. Provide timely and accurate information needed to enhance profitability and business growth.

Cash Management: design internal auditing system and invest surplus cash in short-term markets. Produce a regular cash flow projection bi-weekly and 12-month cash needs to optimize working capital. Review all significant proposals to ensure corporate profitability and cash targets are met.

Fixed Assets: monitor and manage all capital expenditures, capital budgets, capital strategy, capital improvement plan and long range cash plan.

Corporate Accounting: oversee corporate related accruals and estimates, acquisitions, intangible and intercompany accounting processes.

Inventory Management: keep inventories at optimal levels for meeting customer needs without tying up too much cash. Identify slow moving items to be eliminated. Implement consistent audit processes to better reflect the actual inventory, reduce the lead time in shipping, and reduce the need for a physical count from 2 times to once per year. Working capital of 3.5% can be saved.

Income Measurement and Profitability Analysis: follow GAAP guidelines to review and validate P & L, investigate and resolve anomalies, and unusual trends. Use analytical techniques to cross check and break down the structure of profitability to provide financial insights for improving results.

Cost Data Control: accurately measure the cost of each product to determine each product’s contribution to total profit. Provide action plans and high quality cost analyses to reach corporate profitability, financial, and operational goals. Reduce overall costs 5.3%.

Internal Control: perform assessments to determine existing control procedures and effectively manage the risks to an acceptable level. Support SOX compliance requirements.

Business Taxation: prepare income tax provision for current year tax payable or refundable and any changes to future years that result from differences in timing when an item is reported. Manage federal, state, property and sales tax reporting.

Insurance & Risk Management: administer general liability insurance coverage and overall risk management program.

Evaluating Return on Stockholders Equity: achieve operations business goals and show how well management uses resources to produce profits. Oversee review of balance sheet health and work across departments to ensure all financial requirements are properly controlled.

Projecting Future Data and Performing “What-if-Analysis”: determine the effect on the I/S and plan how fast to expand business and to allocate dollars for operating costs. Organize and lead a team to simplify the procedure to save 50% completion time and provide the proper development and growth opportunities.

Accounting Research: perform technical accounting research and analysis of new and proposed accounting, reporting and disclosure standards issued by FASB or IFRS.

Accounting day-to-day: managed and automated the payroll process. Supervise Accounts Receivable and Accounts Payable function to ensure a smooth business cycle. Process and maintain chart of accounts, journal entries and general ledger reconciliations.

Financial Team: coach, counsel, delegate and discipline teamwork; plan, monitor and appraise job results. Assist to handle specific accounts, resolve problem issues and review reports.

Information Technology: oversee the operation of the automated accounting platform, assists with the development and integration of related technology and functions and assure control objectives are maintained.

Previous Positions:

Executive Vice President, Pan Pacific Chemicals Ltd., Taipei, Taiwan (International Surfactants Manufacturing Company for coating, ink, pharmaceutical and textile industries.) Annual sales of $120 million. Job Function: Supervising operations and finance.

Vice President, Far East Industrial Construction Corp., Taipei, Taiwan (International construction materials manufacturing company). Annual sales of $1.4 billion. Job Function: Export/Import and financial management.

Attorney – Commerce, The Wangs & Associates, LLC, Taipei, providing business legal service.

EDUCATION:

2.5 years accounting major (4.0 GPA) Mercer County Community College, NJ

MBA, Global Business Rider University, New Jersey

L.L.B, Law National Chengchi University, Taiwan

QUALIFICATIONS:

CPA (License #40775) Member of American Institute of CPA

Member of NCACPA

Member of Financial Executives Networking Group

AWARDS AND PRESENTATIONS:

Chosen “Successful Career Woman of the Year” in 1997 by the Central Daily News of Taiwan.

Guest speaker, NJ Chamber of Commerce’s monthly meeting in June 2005. Topic: “China Market – Cultural and Commercial Aspects.”

Guest speaker, a seminar organized by the U.S. Dept. of Commerce at Rutgers University

Business School in January 2008. Topic: “Export to China.”

COMPUTER SKILLS:

Microsoft Dynamic GP, Batchmaster for manufacturing, Platinum for financials, FRX for reporting, Sage (Peach Tree), Quick Book, and MS Word, Excel, and PowerPoint.

LANGUAGES:

English, Chinese (Mandarin), and Japanese

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