JEFFREY L. KRISTOFELD, CPA

Evening Phone: 440-***-**** • 33384 Overland Lane • Solon, OH 44139

Cell: 216-***-****

accru7@r.postjobfree.com

PROFESSIONAL SUMMARY

Certified executive with board-level and senior financial experience in corporate finance and management accounting.

Hands-on financial management experience in international and domestic manufacturing accounting operations,

organizational change, and profit growth strategies. Ethical, quality driven leader with excellent planning & analysis, and

communication skills. C-level financial leadership experience in Electronics, Automotive, Thermoset and

Thermoplastic industries.

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The Steelastic Company L.L.C. and RMS Equipment, Akron, Ohio 2011 – 2014

(Leading manufacturers of Tire Building Machinery used in production of rubber tires for automotive and truck markets)

Vice President Finance – Direct report to President and dotted-line to Group CFO. Officer of company. Prepare and

present financial statements. Responsible for internal corporate reporting, consolidated financial reporting, capital

budgeting and forecasting, payroll, general and cost accounting, external review process. Manage shared finance group

and information technology functions. Provide tactical leadership for the finance organization and develop strategic

alliances. Direct activities of six professionals.

Accomplishments Include:

• Coordinated accounting and reporting activities for dissolution of Suzhou, China manufacturing WOFE.

• Negotiated $6.5M bank financing deal for new manufacturing facility and $1.2M tax incentives.

• Directed restatement of balance sheet for RMS Canadian entity, and $350,000 CDN tax recovery.

• Recovered $165,000 CDN funds from Canadian tax authority for harmonized sales taxes (HST).

• Implemented physical inventory module, resulting in successful RMS inventory using ERP system.

• Reorganized finance department, hiring AP Administrator, Assistant Controller, and Senior Accountant.

• Prepared and presented product line profitability and strategic plans for growing the tire equipment

business.

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Mar-Bal, Inc., Chagrin Falls, Ohio 2007 – 2011

(Leading thermoset plastic compounder, injection and compression molder of appliance, electrical and proprietary

products)

Chief Financial Officer, Treasurer – Report to CEO/President. Director and Officer of company. Present quarterly

financial results to Board of Directors. Responsible for cash management, banking, corporate governance, insurance and

benefits administration, financial reporting, budgeting, payroll, general and cost accounting, external review process,

implementation of IQMS ERP system. Manage finance and information technology functions. Direct activities of eight

professionals.

Accomplishments Include:

• Improved BOM accuracy and reduced inventory shrink to 1.5% in a multi-plant operation over two year

period.

• Developed new metrics – value add per labor $ and per employee, inventory sales ratios and Z-Score

tracking.

• Executive sponsor for $880k multi-plant ERP software system – implementation in four locations

during 2010.

• Strengthened accuracy and internal controls for cost standards, bill of materials, and project accounting.

• Increased security line of credit by $1.0M and negotiated favorable banking covenants and lower fees.

• Implemented economic value added (EVA) executive bonus plan, commission incentive plans for

bookings.

• Increased consolidated profits by 60% in 3 years with focused product margin and cost improvement

programs.

• Re-organized finance department in areas of cost accounting, information technology, and project

accounting.

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• Led 2010 registration process for new Mexico entity, development of cost model, due diligence team

member.

• Implemented IC-DISC entity in 2010 which resulted in tax savings for S Corp company shareholders.

Soundwich, Inc., Cleveland, Ohio 2006 – 2007

(North American tier 1 supplier of heat shields and acousta-therm products for automotive industry)

CFO/Controller – Report to CEO/President. Present monthly financial results to Board of Directors. Responsible for

cash management, banking, corporate governance, insurance, tax return administration, financial reporting, budgeting,

payroll, general and cost accounting, purchasing, materials management, external audit process, re-implementation of

Syspro ERP system, and process improvements for multi-plant manufacturing operation. Managed a staff of five

professionals.

Accomplishments Include:

• Directed process and prepared procedures for physical inventory of multi-plant manufacturing operations.

• Improved account reconciliation process, developed manufacturing cost and material variance reporting.

• Hands-on implementation of weekly metrics for TS 16949 management review of quality management

system.

• Strengthened accuracy and internal controls for purchasing, cash management, cost standards, bill of

materials.

• Re-organized accounting department in areas of payroll, accounts payable, receivables, and month-end

routines.

JEFFREY L. KRISTOFELD, CPA

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QuaTech, Inc., Hudson, Ohio 2004 – 2006

(Electronics manufacturer of computer serial devices, boards, and embedded network modules)

Chief Financial Officer – Report to CEO/President, functioning as financial executive of the management team.

Responsible for cash management, banking, corporate governance, insurance, tax administration, financial reporting,

budgeting, HR and payroll, employee benefits, 401k plan administration, and external audit process. Direct month-end

and year-end financial reporting. Accomplishments Include:

• Participated in due diligence with reverse merger of publicly held target, and prepared S-4 registration

filing.

• Integrated accounting and administration of royalty license deal with publicly held target.

• Strengthened internal controls for Macola ERP system, cash forecasting, and fraud detection.

• Developed account reconciliations, strategic business plan, and financial budget models.

• Prepared business plan for refinancing of $3M debt and $2M credit security agreement.

• Improved working capital, payroll, medical benefit plans, and human resource administration.

The Ericson Manufacturing Company, Willoughby, Ohio 2001 – 2004

(Electronics manufacturer of thermoplastic injection molded safety electrical specialties)

Controller – Report to President, and Owner. Responsible for corporate finance, audit, tax, human resources, information

systems, risk management and treasury functions. Performed analysis of monthly job cost variances, standard cost roll,

reconciled inventory book to physical balances, audited inventory cycle counts. Prepare and analyze direct labor and

factory overhead cost rates. Develop and prepare budgets, strategic planning, capital budgeting, financial statements,

product margin reports, cost reports. Prepare bank compliance reports and approve borrowing certificates. Direct five

employees.

Turned around company profits (10% ROS), improved gross margins (5%), increased cash flow in three-year period.

Implemented a $2.5M Asset-based lending agreement. Managed banking covenants. Created five-year strategic plan, cash

flow, forecasting and budget reporting.

Accomplishments Include:

• Created and implemented manager’s incentive compensation and employee awards programs.

• Championed company-wide ISO 9001:2000 training, certification, and registration.

• Established process for setting direct labor rates, fixed and variable overhead rates for multi-plant

operations.

• Implemented working capital improvement program - Improved working capital 11%.

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• Established monthly account reconciliations, variance analysis, inventory and cost controls.

• Implemented labor rate, labor efficiency, and overhead variance reports by job and product.

Cyberex, LLC, Highland Heights, Ohio 2000 – 2001

(Power Protection Manufacturer, Affiliate of Danaher Corporation.)

Assistant Controller – Reported to Vice President-Finance. Responsible for Corporate Financial Reporting and General

Accounting. Supervised eight staff professionals in areas of Payroll (ADP), Accounts Payable, Accounts Receivable,

Credit & Collections, Billing, Financial Analysis and Sales Tax administration. Direct physical inventory of multi-plant

environment. Establish internal controls and implement policy deployment. Supported company’s year over year sales

growth from $28M to $72M. Assisted in preparing company shut-down and consolidation plans with Virginia affiliate.

Marconi Medical Systems, Highland Heights, Ohio 1985 – 2000

(Formerly Picker International - now owned by Philips Medical)

(A global manufacturer of medical imaging and supplies, with $1.5 billion sales)

General Accounting Supervisor-Service and Sales Group (1998 – 2000)

Senior Financial Analyst-Service Division

(1990 – 1998)

Senior Internal Auditor-Corporate Division (1987 – 1990)

General Accountant-Sales Division (1985 – 1987)

EDUCATION AND PROFESSIONAL AFFILIATIONS

BBA IN ACCOUNTING, ECONOMICS MINOR, CLEVELAND STATE UNIVERSITY, CLEVELAND, OHIO,

CERTIFIED PUBLIC ACCOUNTANT, STATE OF OHIO-ACTIVE.

Visiting Committee member - CSU, Past Board of Trustee and Vice President for Lakewood Alumni Foundation

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