Manager Accounting

M I C H A E L S H U T T, CPA, M B A, CSOX

*** ***** *** **** * ichmond, VA 23229 804-***-****

m *******.*****@*****.***

inance and Accounting Executive w ith more than thir ty years of comprehensive experience including

l arge staff supervisory responsibilities. Management experience supported by an academic

F background in finance as an MBA and a CPA in industry. Certified as a Sarbanes Oxley

p rofessional in 2010.

Key Skills

• •

AP/AR Processes & Management ERP, EDI & Financial System Technologies

• •

QuickBooks expertise Teambuilding & Staff Supervision

• •

Goal Setting/ Performance Metrics Federal and state partnership tax returns

• •

Strategic Planning M icrosoft office expertise

• •

Budget Development Treasury Operations/Banking Relationships

• •

Financial Reporting Investment Analysis

• •

Acquisition/Mergers Standard Cost/Internal Controls

• •

•

Professional Experience

Candescent Healing, LLC. – Tarrytown, NY

11/10 to 3/14

Provider of wound care and hyperbaric services in 25 east coast hospitals. Annual revenue and

E BITDA of $20 Million and $5 Million, respectively. Business sold to Restorix Health on 12/3/13. Part

of t ransition team for 90 days.

Controller

Key Results:

M I C H A E L S H U T T, CPA, M B A, CSOX

• Responsible for all month-end closing activities, including AR, AP, and invoicing.

• Recently completed KPI metrics for board of directors that interface directly with QuickBooks.

• Shortened closing cycle from 15 work days to 7. Faster generation of monthly invoices to hospital

has resulted in improved cash collection.

• Improved ADSO from 90 to 45 days through best practice collection methods and improved

customer relations. This action freed up additional $2 Million in operating cash f low.

• Responsible for preparation of yearend 1099’s, 1065 partnership returns, and owner K-1’s.

•

Pari Respiratory Equipment, I nc. – M idlothian, VA

11/99 to 11/10

Medical device subsidiary of German owned company. Annual revenues of $35 Million.

Controller, Vice President Administration, Director of Finance

Key Results:

• Managed staff for Accounting (5), Information Technology (3), and Human Resources

Department (2).

• Devised and implemented upgrades for entire financial reporting system including: monthly

reporting packages, cash f low projections, and balanced score-card measurement system.

•

• On SAP implementation team. Developed uniform chart of accounts and consolidated worldwide

f inancials for first time in company’s 100 years.

• Improved company cash-f low through renegotiating payment terms with dozens of

suppliers/vendors from net 7 to net 60 days. Used best practice accounts receivable collections

p ractices to lower open receivable aging from 90-70 days, improving cash-f low by $600K.

• Analyzed SG&A expenses and made significant improvements to general insurance ($100K

savings), operating leases ($50K savings) and payroll provider ($15K savings). Additionally

banking relationships and services were renegotiated at an annual cost savings of $24K.

• Integrated financial reporting of Mexico maquila manufacturing subsidiary into consolidated

f inancials.

M I C H A E L S H U T T, CPA, M B A, CSOX

• Lead company-wide initiatives in t ransfer pricing analysis and Sarbanes Oxley compliance.

•

Borden, inc . – Columbus, Ohio

Fortune 50 consumer P roducts Company which employed 46,000 associates worldwide

a nd w ith balance sheet assets totaling $8 billion. Held positions in Columbus, OH,

A lbuquerque, N M and Houston, TX .

Controller, West Texas/New Mexico – Dairy Division ( 1/94 to

5/99)

Oversaw regional accounting and reporting of Dairy profit centers in Albuquerque, New Mexico,

L ubbock, Texas and El Paso, Texas. Directed cash f low operations with an emphasis on receivables,

payables, and inventory control. Managed preparation of annual operating plans, quarterly projections

reflecting raw material costs and manufacturing efficiencies, and monthly reconciliations. Provided

t he financial leadership and insight required to ensure the profitability of the profit centers and

maintenance of a motivated, team-oriented accounting group.

Group Administration Manager – D ai ry Division (1/93 to

1/94)

Directed accounting practices of 3 Dairy Service Centers, including consolidation of accounts

receivable, accounts payable and general ledger. Oversaw a managerial staff of 8 direct reports and 120

i ndirect accounting clerks in three separate locations.

D ivision Accounting Manager – D ai ry Division

(7/88 to 1/93)

Managed accounting practices, maintenance of fiscal records, and preparation of financial reports for

Borden’s largest division with pre-tax income of $80 million and sales of $3 billion. Oversaw a staff of

5 d irect reports comprised of accounting managers, and an indirect staff of 13. Position reported to

Controller of Dairy Division .

M I C H A E L S H U T T, CPA, M B A, CSOX

E ducation

University of St. Thomas – Houston, TX

Master in Business Administration: Finance Concentration

V IRGIN IA COMMONWEALTH UN IVERSITY – Richmond, VA

Bachelors of Science

Contact this candidate