Accounting Management

DAVID A. MARVINNEY, MBA, CPA - Inactive

*** ********** *****

Medina, Ohio 44256

330-***-**** (C)

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

CAREER SUMMARY

Proven Financial Manager with 25 years of progressive experience in

financial and manufacturing accounting. An energetic, self-starting,

decision maker with excellent analytical and communication skills.

Proficient in:

Budgets Cost Accounting - Standard, Job and

Process

Financial Reporting for Multiple International Accounting/Translation

Locations

Variance Analysis Product Cost Development

Foreign Exchange Consolidations

ROA/ROI/ROE Analysis Inventory Accounting

Capital Expenditure Requests & Fixed Forecasting

Assets

PROFESSIONAL EXPERIENCE

SIFCO Applied Surface Concepts, LLC a Subsidiary of SIFCO Industries Inc.

2006 - 2013

A seven unit, publically owned, $15 Million manufacturing and service

division with three foreign companies and four domestic units. Position

eliminated due to purchase by foreign company.

Division Controller

Responsible for financial management, including general accounting,

analysis, budgeting, forecasting, translation and consolidation of division

results. Also responsible for financial policies and procedures for

division and direction of work at the foreign locations. Position was

eliminated due to re-alignment of Finance function after acquisition.

. Directed foreign Business Unit Managers in new cash collection

procedures thereby improving positive cash flow.

. Implemented new ERP system at all US locations.

. Established new cost accounting process for all four US shops, enabling

review of results per job for first time.

. Shaved one day from division closing process while providing greater

detail of information.

RB&W, Division of Park-Ohio Corporation - Kent, OH

2005

A two unit, publicly owned, $55 Million manufacturing division, with one

foreign and one domestic company.

Division Controller

Responsible for financial management, including general accounting,

analysis, budgeting, forecasting and consolidation of division results.

Also responsible for financial policies and procedures for division and

direction of plant controller's work at both plants. Position eliminated

in division reorganization.

. Implemented new accounting policy for recognition of tool expenses and

absorption.

. Implemented new capital appropriation request process for Kent facility.

. Directed work of Plant Controller in setting up new forecasting model in

Kent plant.

. Hired and trained new Plant Controller at Kent facility.

ECODYNE HEAT EXCHANGE GROUP - Massillon, OH 2003 -

2004

A five unit, privately owned, $35 million manufacturing group. Includes

two foreign and three domestic companies.

Group Controller

Responsible for the consolidation and reporting of five unit, domestic and

international manufacturing group. Company moved to Houston, Texas and

consolidated with subsidiary unit. Position eliminated in consolidation.

ECODYNE MRM, INC., Division of Ecodyne Heat Exchange Group - Massillon, OH

2003 - 2004

A $25 million manufacturer of industrial sized air-cooled heat exchangers

Controller

Responsible for financial management, including all aspects of accounting,

analysis, budgeting, cost accounting, taxes, and forecasting for $24

million dollar manufacturing division. Also responsible for consolidation

and reporting of five unit, $35 million group. The Heat Exchange group

includes two foreign and three domestic companies.

. Negotiated the asset sale of money losing division resulting in a

positive cash flow of over $1.2 million.

. Member of three person management team charged with creating a plan to

merge two manufacturing operations and headquarter units into one to be

located in Houston, Texas, potentially saving the company over 1.8

million dollars in first year after merger.

WALTCO TRUCK EQUIPMENT COMPANY - Tallmadge, OH

2002

A foreign owned, $65 million manufacturer of hydraulic truck lift gates and

hydraulic cylinders.

Consultant Financial Controller

Responsible for budgets, financial analysis, forecasting, general

accounting, cost accounting, cash management, fixed asset and inventory

accounting for four plant hydraulic lift gate manufacturer. Member of

Management Team. Temporary consultant assignment. Consultant position

eliminated due to budgetary restrictions imposed by parent company.

WEST PHARMACEUTICAL SERVICES, INC. - Cleveland, OH

1999 - 2001

A publicly traded, $500 million international service provider

(manufacturing, analytical, technology development and clinical research)

to the Pharmaceutical industry. Parent eliminated group headquarters and

closed major unit down. Position was eliminated due to division

reorganization.

Group Controller

Responsible for all financial management for an $18 million, 3-unit

clinical research services group; managing 7 professionals. Responsible

for month-end reporting, general accounting, contract analysis, MIS,

budgeting and forecasting.

. Managed selection and implementation of new financial accounting software

along with a new integrated chart of accounts.

. Integrated 3 division clinical research services groups into corporate

financial structure.

. Member of team that reorganized the group's legal structure to minimize

state tax exposure.

. Led shut down of the Cleveland office and transitioned the

Finance Department to another location.

FERRO CORPORATION - Cleveland, OH

1984 - 1999

A publicly traded, $1.4 billion international specialty chemical and

coatings manufacturing supplier.

Division Controller - Polymer Additives Division (1996-1999)

Responsible for general accounting, cost accounting, MIS, budget

preparation, forecasting and financial analysis for a $140 million, 3

manufacturing plant chemical division, managing a staff of 8. Left Ferro

due to policy change to not promote from within.

. Benchmarked cost accounting systems for Walton Hills and Fort Worth

manufacturing plants.

. Selected as only US Finance representative for SAP global template review

team during final phase of corporation's template development.

. Managed process of establishing local area networks at all divisional

sites.

. Integrated 2 accounting departments after acquisition of Synthetic

Products.

Division Controller - Bedford Chemical Division (1993-1996)

. Worked with Plant Manager and Division Engineering staff to return to

profitability the High Pressure Chemistry unit after partner pulled out

of project.

Supervisor of International Accounting - International Division (1989-

1993)

. Developed and maintained PC based system for electronic transmission,

translation and consolidation of foreign

company financial statements, thereby shortening the corporate closing

cycle by 3 days.

Financial Analyst (1986-1989)

Responsible for the analysis of financial statements, capital

appropriations, forecasts and budgets for foreign companies in division.

Accountant (1984-1986)

Responsible for general accounting and month-end close for International

Division.

TECHNICARE CORPORATION - Solon, OH

1979 - 1983

Manufacturer of medical imaging devices with 4 divisions; part of Johnson &

Johnson Company.

Accountant - International Division

Responsible for general accounting and month-end close for division.

Position eliminated when parent began shutting down operations of

Technicare in 1983.

EDUCATION/CERTIFICATION

Case Western Reserve University, Cleveland, OH

MBA, 1987

BS - Accounting, 1979

Certified Public Accountant, 1990 - Inactive

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