W. TIMOTHY RAINES
**** ********** ***** #** **********, NC 28403
910-***-**** . acd9qw@r.postjobfree.com
PROFESSIONAL PROFILE
Highly dedicated professional with career experience encompassing
management of general business, financial and administrative operations
with a variety of organizations providing engineering and environmental
services, real estate development and construction. Characterized by a
strong work ethic, integrity, excellent communication and interpersonal
skills and solid decision making and leadership abilities, organizational
and analytical skills, along with a proven track record for successful
results, whose proven areas of expertise include:
. Profitability and Cost Analysis
. Budgeting and Cost Management
. Strategic Management and Organizational Leadership .
Marketing and Business Development
. Government Contract Administration and Accounting .
Accounting and Systems Implementation
PROFESSIONAL EXPERIENCE
LAQUE CENTER FOR CORROSION TECHNOLOGY, INC. . WRIGHTSVILLE BEACH, NC
BUSINESS GENERAL MANAGER / CFO . 1998 - 2013
Responsible for all business operations and activities for corrosion
engineering, research and materials testing laboratory providing contract
testing, training and engineering support services to both government and
industry for over 70 years. Specializing in services providing materials
and product evaluations for applications in marine environments. Provided
its unique expertise and testing capabilities to many Fortune 500 companies
and The U.S. Department of Defense through contracts with NAVSEA, NSWC,
ONR, USMC and US Army and DOE and NASA. Management of technical and
facilities operations, financial, accounting, administrative, contracts and
business development, while directly managed staff of eight employees with
up to forty total employees. Reported to board of directors. Spearheaded
group of employees to acquire company during divestiture of non-core assets
by parent company.
. Provided oversight for operating entity, including return on
investment, cost control of overhead expenses and contracts related
expenditures, along with sales generation and managing adequate
staffing levels.
. Insure that all appropriate company policies and procedures and other
regulatory guidelines are active and being adhered to by company
personnel. Implemented appropriate policies to assure compliance with
Federal Acquisition Regulations (FAR) relating to Government contract
activities.
. Managed all general accounting functions, including accounts payable
and receivable, billing, general and project cost ledgers, revenue
recognition, ADP payroll and fixed assets. Performed financial
statement reporting on a monthly, quarterly and annual basis.
Maintained fiscal policy and cash management activities while serving
as main contact with Bank representatives.
. Directed custom software billing program development effort with
outside consultant that provided a streamlined and efficient method
for customer billing for one of the company's business segments while
creating a detailed automated manner of inventory of customer test
samples and materials.
. Maintained project cost accounting records, work breakdown structures
and basic contract information relative for accurate and timely
reviews with appropriate technical management staff and customer
representatives. Extensive Government contracting management
background. Provided direction with cost allocations and segregation
relating to FAR requirements. Experience working with a variety of
contracts, such as Cost Plus Fixed Fee, Indefinite Delivery Indefinite
Quantity, Time and Materials and Fixed Price.
. Coordinated and performed monthly, quarterly, annually or longer term
as necessary, all budget, forecasting and financial projections,
including estimates at completion for contract level projects and
tasks.
. Oversee procurement and buying functions relating to general business
as well as direct project related requirements. Adherence to Corporate
and Federal contract guidelines. Implemented Small Business outreach
Program efforts to meet contract goals and guidelines. As Small
Business Liaison Official, attended trade show and outreach events,
and met for annual review conferences with Government
representatives.
. Responsible for all contract administration requirements, for both
commercial and Government contracts. Served as liaison between Company
and all client points of contact, maintaining successful and
productive client relationships through development and implementation
of excellent customer service program. Meet all contract
administrative reporting requirements. Work with Federal DCMA ACO's
office. Responsible for all Government furnished property inventory
and reporting. Held Secret DOD Security Clearance (Dormant).
. Responsible for all Contract financial reporting requirements, monthly
or periodic, both internal and external. Prepared DOD Incurred Cost
Submissions on an annual basis, with specific knowledge of FAR
guidelines relating to cost allocations, allowable and unallowable
overhead costs. Served as contact person working solely with DCAA
auditors during annual audits and reviews and contract closeouts.
. Challenged with revamping the accounting system for Government
contracting purposes, evaluated, installed, converted and maintained a
new Deltek GCS Premier Government accounting and project management
system software package. Proficient with a variety of MS Office
applications.
. Initiated, developed and implemented Changes in Accounting Methods
with DCMA and DCAA that allowed for changes in overhead cost
allocation pools and direct job cost capture. Monitored and submitted
requests for contract task changes for level of effort and cost growth
recovery.
. Initiated change to new external tax accounting firm, RSM McGladrey
and worked closely with them in year-end reviews, compilations and tax
return preparation information, as well as developing and implementing
other important business strategies and long range planning.
. Responsible for all cost analyses, estimating and pricing along with
bid and proposal requirements, including the negotiation of contracts
with procurement officials with both Government and commercial
entities.
. Managed trade show marketing effort. Coordinated, planned, promoted
and managed Company's own periodic meetings and technical conference
events involving up to 300 participants from Government agencies and
commercial organizations. Developed new exhibit displays and marketing
literature. Evaluated advertising sources and implemented plan to best
portray The Company services to its potential market. Implemented
sales tracking program identifying markets by industry.
. Worked with risk management professionals to provide resources to
assure that Company assets and operations were appropriately protected
and considered for the best interest of the entity and ownership.
. Extensive experience with property and business interruption insurance
claims associated with five hurricane events that directly affected
existing coastal business operations. Successfully coordinated,
accumulated and submitted timely multimillion dollar claims and
management of the clean-up operation and rebuilding of the facilities
and operations of the company, while remaining in an operational mode.
. Responsible for all human resources and employee benefits, facilities
maintenance, health and safety programs and general office
administration. Evaluated various healthcare and 401K program options
and implemented periodic changes.
. Coordinated and managed company shutdown and closure, including asset
liquidation and disposition.
LAQUE CENTER FOR CORROSION TECHNOLOGY, INC. .
WRIGHTSVILLE BEACH, NC
MANAGER FINANCE & ADMINISTRATION/ VICE PRESIDENT . 1989-1998
Responsible for all financial and administrative functions for organization
providing corrosion engineering and testing services, while supervising
staff of four. Reported to company President and financial group within
parent company.
. Responsibilities include general accounting functions, including
supervision of accounts payable and receivable, billing and fixed
assets and monthly financial statements. Handled reporting
requirements and other fiscal functions with corporate offices of
parent company, INCO, Ltd. in New York and Toronto.
. Directly responsible budgets and forecasting, project cost accounting,
purchasing, human resources, health and safety program and other
general administration functions. Analyze corporate pricing structure,
proposals and bids with management staff. Experience with a variety
of Government contract types. Served as point of contact with DOD
administrative and procurement representatives.
. Responsible for contract administration with knowledge of Cost
Accounting Standards (CAS) and FAR. Prepared DOD Incurred Cost
Submissions on an annual basis, with specific knowledge of FAR
guidelines relating to allowable and unallowable overhead costs and
acceptable accounting system setup. Served as contact person working
solely with DCAA auditors during annual audits, reviews and contract
close outs.
. Challenged with revamping the accounting system for Government
contracting purposes, evaluated, installed, converted and maintained
Deltek government accounting software package.
. Initiated, developed and implemented Changes in Accounting Methods
with DCMA and DCAA that allowed for more efficient overhead cost
recovery and profitability. Monitored and submitted requests for
contract task changes for level of effort and cost growth recovery.
SEACORR, LLC . WRIGHTSVILLE BEACH, KURE BEACH, NC
MANAGER / PARTNER . 2002-2013
Responsible for all business and financial requirements for residential
property Development Company located in coastal southeastern North
Carolina. Coordinated and managed efforts for capital improvements of
properties from a development perspective. Worked with local and state
regulatory authorities in obtaining the appropriate permits and approval
for subdivision development. Worked closely with community Home Owners
Associations. Responsible for all aspects of owned residential rental
properties, such as maintenance and repairs, furnishings and supplies,
leasing agreements and rental deposits. Managed company closure including
asset liquidation and disposition.
WASTE MANAGEMENT, INC. . CHARLOTTE, WILMINGTON, NC
DIVISION CONTROLLER . 1986-1989
Responsible for all financial functions at two divisional offices of one of
the world's leading providers of waste treatment solutions and services.
The divisional operations of the two entities provided solid waste
collection and disposal services, along with other environmentally sound
waste treatment related services. Reported to Division General Manager and
District Controller. Supervised staff of nine employees. Responsibilities
included preparation of monthly consolidated financial statements and
operating reports, quarterly SEC and corporate tax returns. Other duties
included managing payroll, general ledger, billing, fixed assets, and AP/AR
functions. Financial statement analysis and review with operations
management, budgets, contract bids, acquisition and route audit analysis.
ITT TRANSPORTATION DISTRIBUTION SERVICES . PALM COAST, FL
GENERAL ACCOUNTING MANAGER . 1986-1986
Responsible for all general accounting functions for logistical management
company coordinating product and inventory flow for ITT owned companies
through managed transportation and distribution centers . Consolidation of
all corporate freight payment functions of worldwide transportation and
freight distribution centers while supervising staff of three. Responsible
for payroll, accounts payable, fixed assets, billing, collections and
general ledger, monthly financial statements, year-end reporting and tax
returns and assisted in forecasting and budgeting.
ITT RAYONIER-SOUTHERN WOOD
PIEDMONT . SPARTANBURG, SC
GENERAL ACCOUNTING MANAGER . 1984-1986
Responsible for all general accounting functions for producer of treated
wood products primarily for the utilities and railroad industries, with
seven operating locations in the eastern US. Responsible for general
ledger, monthly consolidation of financials, payroll, AR and data entry on
IBM System 36. Supervised staff of five employees. Coordinated the
development and implementation of customized billing software system.
Converted to new accounting general ledger software system. Worked with AS
400 software package.
YEARGIN CONSTRUCTION COMPANY . CHARLOTTE, NC, GREENVILLE, SC
OFFICE MANAGER/DIVISION CONTROLLER . 1981-1984
Responsible for all accounting functions of the HVAC Division of large
General Contractor specializing in heavy industrial, chemical and process
construction and engineering as well as commercial and long term
maintenance contracts. Preparation of divisional financial statements,
accounts payable/receivable and collections, billing, payroll, general
ledger, project cost ledgers, capital assets, and overhead and project
budgets. Responsible for office personnel and general administration for
the division. Performed accounting duties for construction and maintenance
divisions including frequent site visits to ensure procedures and policies
compliance. Submitted and negotiated claims with US Army Corps of
Engineers and The National Institute of Health, for contract change orders.
Reported to GM and Corporate Controller. Performed project cost analyses
and projections while working closely with project management staff.
PROJECT/STAFF ACCOUNTANT . 1978-1981
Performed general accounting functions in company home office before
promoted to HVAC Div. Office Manager; responsible for compiling financial
data for job costing of assigned construction and maintenance projects and
computer cost control input data, including journal entries. Created
detailed billing documents and reconciliations for various contracts.
Frequent travel to construction sites to verify proper field policies and
procedures implementation.
EDUCATION
Clemson University
B.S., Financial Management/Accounting 1978
TECHNICAL TRAINING BACKGROUND
Government Contracts Year in Review Conference - each year
Various Government Courses - Negotiating, Contract Administration, and
Financial - 1989-present
INCO Corporate Health and Safety Conference 1991-1998
Estimating Cost Price Analysis - Pricing and Financial Control, 1993
Deltek Project Accounting Software Training Classes 1990-2004
ITT Internal Cost Account Control Seminar 1986
ITT Middle Management Training School 1985
The Seahorse Institute-Marine Corrosion Conference 1989-2006
Trade Show Activity-Society of Automotive Engineers, International Paint
and Coatings Conference, NACE Corrosion Expo Conference, DOD Joint
Corrosion Conference, US Army Corrosion Conferences 1989-2008
Various Local and Regional Small Business Outreach Events