Management Financial

RICHARD L. WALTERS, CPA

*** **** *** ( Gahanna, Ohio 43230

614-***-**** ( ***********@*****.***

CHIEF FINANCIAL OFFICER

A talented financial management professional who is an expert at analyzing

underlying processes and developing improvement plans to enhance

operational performance in line with the organizations strategic direction.

Skilled manager who inspires others to achieve their personal best. A

strong leader with deep knowledge of financial systems, processes and

compliance issues. Areas of expertise include:

Public & Private Equity Experience ( Investor Relations Experience (

Operational Management

Strategic Analysis ( Financial Management ( Capital Budgets ( Employee

Benefits Planning ( Insurance Purchase ( Regulatory Compliance ( Financial

Reporting ( Negotiations ( Continuous Process Improvement ( Initial Public

Offering Experience

PROFESSIONAL EXPERIENCE

BODY Central Corp, (NASDAQ: Body) Jacksonville, Florida ( 2007- 2011

A $300 million, publicly traded, women's specialty retailer with a target

market of young fashion oriented women looking for casual to fashionable

styles at affordable prices. Operations consist of 226 stores in 24 states

throughout the east and southeast, including a catalog and internet

operation located in Jacksonville, Florida. Stores are predominately

located in enclosed malls, averaging 4,200 sq ft, and produce approximately

$1M in sales per year. Approximately 14% of overall revenue is derived from

an ecommerce operation which generates revenues through catalog mailings,

email, and website offers throughout the year.

Executive Vice President/Chief Financial Officer

Responsible for all financial activity for the company including the

treasury, budgeting, audit, tax, forecasting and insurance activities for

the organization. Directed the financial planning, accounting practices and

financial reporting requirements for the company. Managed the company's

working capital position and financial activities to ensure sufficient

liquidity to run the business. Proactively analyzed functional issues

impacting the organization with an emphasis on operational enhancements.

Coordinated all aspects of a successful initial public offering and follow-

on offering.

Financial/Operational Highlights:

. Successfully worked with investment bankers, analyst and investment

funds to complete an IPO and follow-on raising over $175 million.

. Participated in the successful turn around of the company after

acquisition by private equity when performance failed to achieve

financial thresholds requiring revitalizing the business model and

negotiating senior debt covenant waivers and refinancing.

. Saved the company $350K annually by renegotiating credit card service

contract.

. Reduced company healthcare costs by $118K by establishing a tiered

health plan and cafeteria plan.

. Created first company budget cycle and monthly financial reporting

cycle.

. Streamlined accounting and reporting procedures, increasing departmental

efficiency.

. Developed financial modeling applications, enhancing inventory and cash

management areas of the business.

. Worked closely with store operations to install a new state-of-the-art

Point-of-Sale system, enhancing customer experience as well as increase

efficiency at the point of check out.

RICHARD L. WALTERS ( Page 2 (

***********@*****.***

HEARING HEALTHCARE MANAGEMENT, INC., Columbus, Ohio ( 2001-2006

$50 million audiology and hearing care practice operating 200 offices in 17

states.

Chief Financial Officer

Directed all financial efforts for 200 audiology and hearing care centers.

Instituted the financial function for the organization after acquisition by

a European company. Established administrative processes and strategic

direction in collaboration with overseas parent company. Developed standard

metrics and budgets, and created acquisition models, financing methods, and

integration plans to ensure growth. Maintained adequate operating cash

flow.

Financial/Operational Highlights:

. Implemented monthly consolidated financial reporting.

. Developed and launched new benefit plans.

. Analyzed prospective acquisitions and transitioned them into existing

business.

. Reviewed and put into place new back-office reporting system,

standardizing all business processing and reporting functions.

. Implemented expense savings programs with credit card services, business

insurance, and tax planning.

VALUE CITY DEPARTMENT STORES, INC. (NYSE: VCD) Columbus, Ohio ( 1985-2000

Publicly traded, Off-price department store chain with 196 stores and $2.4B

in sales.

Vice President of Finance/Controller

Managed all financial activities of the company including its financial

reporting, cash management, inventory control, budgeting, forecasting,

payroll processing, property management, tax administration, and internal

audit areas of the business. Ensured that all internal and external

financial reporting met with GAAP, SEC and other reporting requirements.

Managed the integration of acquired business into company operations.

Financial/Operational Highlights:

. Provided financial analysis and support for a $300M revolving-line-of-

credit facility, which was used to acquire a new business unit.

. Instituted tax planning programs, saving over $6M in federal, state, and

local tax filings, and processed over 4K returns annually.

. Successfully coordinated all aspects of an IPO and following SEC

reporting, securing over $100M.

. Streamlined accounting and reporting procedures, increasing departmental

efficiency.

. Developed financial modeling applications, enhancing inventory/cash

management areas of the business.

. Led the implementation/upgrade of a sophisticated financial system.

. Directed the analytical justification for new locations and capital

expenditure programs.

. Led integration process of new businesses.

. Managed weekly forecasting/reporting of operating results, and provided

analysis and commentary to Executive Committee, identifying areas of

potential cost savings.

EDUCATION

Bachelor of Science in Accounting

The Ohio State University, Columbus, Ohio

MEMBERSHIPS

American Institute of CPAs

Ohio Society of CPAs

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