Manager Project

T i m o t h y N . P r i c e, C PA

Greater Atlanta Area 404-***-**** *******.*.*****@*****.*** www.linkedin.com/in/timothynprice

Director of Finance / Vice President of Tax

Results-oriented leader focused on identifying and implementing strategies that directly impact the bottom-line. Strong

problem-solving and project management skills. Extensive experience working in complex organizations. At Hyundai,

learned at a very granular level the impact of operational costs on the bottom line. Bachelor’s degree in business

administration. Master’s in tax accounting. Active CPA in three states. Core competencies include:

Financial leadership: As Senior Finance Manager at Hyundai, oversaw budgeting, financial forecasting, capital

expenditures, modeling for cost recovery (fixed assets and depreciation), cost accounting, pricing, distribution of

overhead costs, consolidations to Korea and the U.S. parent for GAAP and tax reporting. Reported to the Korean CFO

(in Montgomery) of this multibillion-dollar enterprise.

Corporate tax: Managed quarterly / annual income tax provision and tax compliance engagements for public and

private clients, including: large construction aggregates producer with annual revenues exceeding $200M and filing in

43 state taxing jurisdictions (Deloitte), global pharmaceutical company with revenues totaling $10M and filing in 14

states (Brown Nelms), and franchisor / operator of over 4500 locations in the United States and 63 foreign countries

with annual revenue exceeding $200M and filing in 46 states (Grant Thornton).

Financial planning and analysis (FP&A): At Deloitte, identified and implemented cost segregation project

for a leading wholesale food distributor and restaurant supplier located in Mississippi that operates throughout the

southeast, saving tax of approximately $1M over the 20-year life of the capital investment. At Hyundai, directed

implementation of cost segregation study for $1B of fixed assets during SAP implementation.

Professional Experience

August 2013 – Present Brown Nelms & Company CPAs Peachtree City, Georgia

Director of Federal and State Tax Services

Prepared and reviewed corporate, partnership, trust, individual, estate, and not-for-profit income tax returns for this

firm that serves clients in the $2M – $20M range.

Prepared and reviewed corporate income tax provisions (ASC 740).

Implemented shareholder cash liquidity strategy for privately held construction client, resulting in increased cash flow

to shareholder of $65K annually and tax savings of approximately $8K annually.

Identified strategy to preserve corporate tax attributes of approximately $10M for client specializing in erosion

control and underground utilities installation. Quantified state operating loss carryovers and mitigated potential

limitations on utilization of those net operating losses.

Identified and implemented composite return and shareholder residency strategy for a leading southeast petroleum

distribution client with 125+ locations. Reduced man-hours 10%; improved cash flow by $10K – $12K annually.

Identified and implemented investment tax credit refund totaling approximately $40K for a distributor / fabricator of

coil, sheet, and finished architectural metals products. Estimated revenue $2.6M annually.

Implemented quarterly financial projection process for a specialized tire manufacturer with annual revenue of $20M.

First year cash flow savings totaled approximately $250K.

Identified a research and development (R&D) credit opportunity of approximately $50K annually for a client that

provides supplies for the precast concrete industry whose revenues are of $22M annually.

April 2012 – July 2013 Grant Thornton, LLP Atlanta, Georgia

Director – State and Local Tax Services

Identified cost-saving opportunities and proactively advised clients on technical tax issues, planning, dispute

resolution, voluntary disclosure agreements, and state rate minimization.

Drafted and reviewed memoranda analyzing tax implications of client transactions, including corporate restructurings,

mergers, acquisitions, and liquidations.

Reviewed consolidated, unitary, and separate state income tax returns, state apportionment and allocations, federal-

state modifications, income tax provisions (ASC 740), and tax footnote disclosures.

Timothy N. Price Page 2

Managed entity simplification strategy for public company with annual revenue exceeding $5B. Developed and

implemented recommendations that better aligned operating affiliates, simplified corporation reporting structure, and

integrated executive management’s global planning goals. Total projected tax savings of approximately $2M.

Identified and successfully defended depreciation acceleration strategy for package delivery and logistics services

company, resulting in a refund of approximately $145K.

Identified and implemented an accelerated cost recovery and transaction tax savings process for a large independent

distributor of building products. Process resulted in an immediate recovery of repair and maintenance costs, and a

transaction tax savings of approximately $75K annually.

Researched and maintained custom transaction tax matrices for clients on both the purchase side and sale side of

taxability in multiple industries. Resulted in greater efficiency and cost savings for client’s internal finance team by

significantly reducing burden of monitoring complexities in sales and use tax. Representative clients served:

Client specializing in the automated linen distribution process within healthcare facilities, including design,

engineering, assembly, installation, and service. Total annual revenue approximately $35M.

Electronic security and compliance solutions company serving online payment service providers and merchants.

Total annual revenue of approximately $8M.

August 2008 – March 2012 Deloitte Tax, LLP Birmingham, Alabama

Senior Tax Manager – Multistate Tax Services

Led Birmingham market multistate tax services, including planning and organizing tax engagements.

Reviewed multistate income tax provisions (ASC 740) and provided attest team support.

Created and reviewed complex financial models for purposes of analyzing tax implications of proposed transactions

and demonstrating benefits of tax planning strategies.

Identified and implemented state retraining tax credit recovery for client specializing in digital cinema and 3D cinema

deployments and one of the nation's largest motion picture exhibitors operating 252 theaters and 2660 screens in 37

states. Annual revenue exceeding $600M. Total credit recovery of approximately $60K over three-year period.

Identified and implemented cost segregation project for a leading wholesale food distributor and restaurant supplier

operating throughout the southeast, saving tax of approximately $1M over the 20-year life of the capital investment.

Preformed tax due diligence for a leading producer of high quality pet food/treats in the United States and 30+ other

countries worldwide. Employs over 700 employees with production capacity exceeding 1B pounds annually in three

locations. Revenues at the time estimated between $150M and $200M.

Implemented nexus study and state exit strategy for regional agricultural cooperative. Reduced state registration and

filing requirements, resulting in 20% savings on professional service fees and tax savings of approximately $125K

annually.

January 2007 – July 2008 Sellers Richardson Watson Haley & Dunn, LLP Birmingham,

Alabama

Senior Tax Manager

Provided corporate, partnership, trust, and individual tax compliance services, including management of federal and

state tax audits. Now known as Sellers Richardson Holman and West, the firm serves public and private middle

market companies and high net worth families.

Responsible for all aspects of client engagements, including workplan development, staffing, budget management,

billing, client relationship management, and staff performance evaluations.

Chaired Blueprint for Excellence process improvement committee, including execution of process improvement

initiatives; responsible for interim progress reporting and final presentations to partners and managers.

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May 2004 – December 2006 Hyundai Motor Manufacturing Alabama, LLC

Montgomery, Alabama

Senior Finance Manager

One of only two people who reported to the CFO at this site, which is the Alabama manufacturing unit for Hyundai

Motor Company (HMC), Korea’s largest automotive manufacturer. This site resides on 1,744 acres of land and has

2M SF of manufacturing space. It’s 3K employees are capable of producing 35K vehicles per month. Revenues were

approximately $2B.

Oversaw budgeting, financial forecasting, capital expenditures, modeling for cost recovery (fixed assets and

depreciation), cost accounting, pricing, distribution of overhead costs, consolidations to Korea and the U.S. parent for

GAAP and tax reporting.

Developed and managed tax department including establishment of policy and procedures during entity start-up

phase. Led execution of corporate tax strategy, ensuring alignment with business goals and objectives.

Coordinated implementation of tax incentive agreements with State, County and City tax authorities. Successfully

procured incentives for additional project phases.

Led divisional Advance Pricing Agreement project, including internal reviews to ensure regulatory compliance and

operational efficiency and accuracy.

Directed implementation of cost segregation study for $1B of fixed assets during SAP implementation.

November 2001 – April 2004 PricewaterhouseCoopers, LLP Birmingham, Alabama

Senior Tax Manager

Identified and implemented tax planning strategies and solutions for both public and private companies.

Assisted clients with compliance management services, management of federal and state tax audits and income tax

provisions (ASC 740).

Secured refunds of federal excise tax for numerous private and public clients operating in manufacturing,

transportation and distribution industries. Refunds ranged from $2.5K to $100K annually.

July 1997 – October 2001 Deloitte & Touche, LLP Birmingham, Alabama

Tax Manager

Reviewed corporate, partnership, trust, individual, estate, and not-for profit income tax returns.

Researched federal income tax law extensively for corporate, partnership, individual, and estate planning.

Education

Master of Tax Accounting (M.T.A.) The University of Alabama Tuscaloosa, Alabama 1991

B.S., Commerce and Business Administration The University of Alabama Tuscaloosa, Alabama 1990

Certification

CPA, State of Florida (Active), Alabama (Active) and Georgia (Active)

Computer Skills

UltraTax, Creative Solutions Suite (Practice Management, Accounting, Fixed Assets) Microsoft Office, GoSystem Tax,

CJETT, DOL (eRoom), Tax Symphony and various research resources (CCH, BNA, Tax Analyst, Thomson Reuters –

Checkpoint).

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