Financial Analyst, Controller, CFO & CEO
Resume:
Richard J Pleasant
Austin, Texas 78737
**********@*****.***
Summary of Qualifications
Management Career path: Cost Accounting Manager, Controller, CFO, Corporate Administration
and Consultant
Technology experience: Electronic/computer assembly, vertically integrated manufacturing,
machine shop operations, public, private, medium and small corporations
Accounting: Monthly accounting close, custom financial reports and analysis, accounting controls,
written procedures, cash collections, tax preparations schedules, account reconciliations, cost center
expense analysis, fixed asset reconciliations, coordination of audits and compliance with standards
Cost Accounting: Standard Cost Systems development, variance analysis reporting and product
margin analysis - Implemented an Activity Based Costing (ABC) product line profitability- Performed
Cost to Completion, Bill of Material (BOM) costing, product pricing - Directed the annual physical
inventory, installation of daily Cycle Counting Systems - Coordinated Excess and Obsolete Reviews
Financial Analysis: Annual budget preparation, monthly forecasts and 3-year business plans -
Acquisition due diligence analysis - Bank negotiations - Board of Directors PowerPoint presentations
Management Style: Honesty, integrity, ethics and lead by example, develop inspired teams in a
TQM culture, train employees rather than criticize them, treat people with respect, make timely informed
decisions, focused on the goals - Extensive Total Quality Management (TQM) and Lean Manufacturing
training
Software and Systems: Advanced experience with Microsoft Office (Word, Excel, PowerPoint,
Outlook, Access), MAPICS (IBM, INFOR) integrated Enterprise Resource Planning Manufacturing
System and QuickBooks - Chair of the computer conversion team at two corporations
In Sept 2013, I completed an 11-month consulting engagement with US Micro Products in Austin where I
obtained ISO 9001:2008 Certification for the company. I wrote the Quality Manual, flow-charted and
improved the processes, developed 21 Procedures, designed 26 forms/reports -installed a root cause analysis
and corrective action system and trained the internal auditors and employees - Counseled the CEO on other
corporate and financial matters
Work Experience:
Industrial Electronic Engineers, Inc. - Controller/ CFO, Finance and Administration - IEE is a
privately owned, vertically integrated, flat panel electronic display and systems manufacturer -
www.ieeinc.com
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Controller, CFO September 1981- April 2007
• Responsible for Cost Accounting, General Accounting, Credit, Financial Analysis, Human
Resources, Payroll, Information Technology and Facilities Management
• Trained existing staff and hired new staff - Cross-trained the financial and administrative personnel -
Set objectives for performance improvements
• Managed the month end close and prepared the monthly Controllers Report - Implemented
accounting controls, systems, procedures and coordinated the annual audit
• Developed a Standard Cost System that reported material price, usage variance, labor efficiency/rate
and OH variances - Installed a computerized Data Collection System for tracking work in process
quantity completion and labor cost
• Implemented an Activity Based Costing (ABC) System - The ABC system disclosed the true
profitability of each product line
• Designed numerous variance/cost/margin analysis reports and charts - Performed break-even
analysis - Made presentations to the Board of Directors
• Wrote the Physical Inventory Instructions, managed the physical inventory team, reconciled
inventories and coordinated the audit with the public accountants - Developed a weekly Cycle Counting
process to insure accuracy of the Perpetual Inventory System
• Developed an Excess and Obsolete procedure and an Engineering Project Cost Tracking system
• Reduced DSO's from 65 days to 45 days - Establishing a customer commitment and follow-up
system
• Prepared departmental and corporate annual financial budgets - Developed several three-year
corporate plans with product line strategy, competitor analysis and financial statements
• Negotiated a $6.5M unsecured bank line of credit and saved the company $250K by reducing the
interest rate from 2% over the prime rate to % below prime
• Saved $450K over 4 years by implementing a yen foreign exchange rate hedging program
• Reduced bad debt write offs to less than 0.2% of annual sales
• Chaired the MIS Steering Committee - implemented MAPICS (ERP system) and upgraded to an
IBM AS-400
• Eliminated $300K of operating cost by consolidated three IEE divisions into one centrally controlled
organization - Reductions involved eliminating redundant personnel, subleasing buildings, reducing
utilities costs and expenses.
• Obtained ISO9001:2001 Certification - Obtained $400K in bookings from customers who required
ISO certification - Organized a cross functional ISO implementation team that analyzed processes, wrote
procedures, designed forms and trained internal auditors
• Negotiated a $350K California sponsored TQM/Lean manufacturing Training Program for all
management and associates. Employees completed the program over 1 1/2 years.
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• Leader of a due-diligence team who recommended the acquisition of a NCR owned LCD
manufacturing facility
• Saved $20K annually by negotiated ten-year leases for five buildings totaling 130,000 square feet at
a fixed rate 35% below market - Coordinated several building renovation projects
• Reviewed and approved employee benefit programs and negotiated insurance policies
Pertec Computer Corporation - Cost Accounting Manager, Controller - Publicly held
manufacturer of electronic disk drives and tape drives with sales of $220M (PV) and 400 employees
Controller July 1979 - September
1981
• Developed an effective and professional finance organization consisting of following departments:
Cost Accounting, General Accounting, Credit & Collections, Financial Systems and Budgeting &
Forecasting
• Booked monthly journal entries, reviewed reconciliations
• Coordinated audits with external auditors
• Managed the preparation of the divisional Annual Budget and Monthly P&L Forecasts
• Prepared the narrative analysis for the divisions monthly and annual reports
Extensive Cash Flow management Decreased the average AR days outstanding to 45 days through
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aggressive collections and installation of a foreign lock box
• Prepared the ROI justification for new major product lines and large capital equipment acquisitions
• Reviewed and implemented accounting procedures to ensure GAAP compliance
• Chaired the Divisional MIS Steering Committee during the implementation of a MRP system and new
accounting package
• Evaluated and selected of insurance policies
Cost Accounting Manager March 1974 - July 1979
• Enhanced the Absorption Standard Cost System and assisted in the installation of a data collection
system - Made corrections to the Bill of Materials and corrected labor hours by operation
• Produced monthly cost accounting variance, inventory valuation reports and scrap reports
• Prepared labor efficiency and realization graphs by manufacturing departments and by operation
• Assisted the Sales Department to establish selling prices based on product standard cost
• Implemented a cycle counting system that eliminated the need to count the stock room at year end
• Directed the annual physical inventories, trained the internal auditors and coordinated the process with
the external auditors
• Designed and implemented an Engineering Project System
Education and Professional Memberships:
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• UCLA Executive Program in Management
• BA - Cal State Fullerton- Accounting
• Completed an 18 month Total Quality Management and Lean Manufacturing Training program
• Vice Chairman LA Chapter -Society of Information Display (SID) 2004 - 2007
Personal Activities
• Manage my portfolio of stocks
• USTA Tennis player
• Enjoy home improvement projects
• Read novels and business books
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