Controller Financial Accounting

Richard T. Waugaman, CPA

*** ********* *****, ********, ******* 30068, 770-***-**** ***************@*****.***

www.linkedin.com/in/richardwaugaman

Financial and marketing professional with over twenty years business experience. Proven abilities in

identifying cost savings and process efficiencies, planning, organizing, and bringing projects in on time

and within budget; and successfully communicating with and developing long-term relationships.

Royalty Xperts Company LLC, Marietta, GA October 2014-

Present

Consulting on licensee royalty internal controls and outsourcing of royalty reporting.

Collegiate Licensing Company, a division of WME/IMG Worldwide, Atlanta, GA 2001 to September 2014

Controller, Audit Committee Member

Skills and Accomplishments:

• Performed accounting systems conversions to Great Plains/Dynamics and SAP

• Reviewed licensee ERP systems for internal control weaknesses along with item/sku product master listings and

artwork systems. Made recommendations and consulted licensees on internal control improvements.

• Prepared and completed consolidated financial statements, budgets, and forecasts for six related entities.

• Supervised, managed, and evaluated Staff Accountant and Accounting Manager.

• Assisted in due diligence in sale of CLC to IMG, and assisted in acquisition transition of a supplier.

Responsible for internal financial statement preparation and accounting internal controls, along with

management of external licensee auditing program. Other notable accomplishments included:

• Reduced expenses by $60,000 within first six months of employment.

• Negotiated lease renewal resulting in $200,000 in savings for company.

• Prepared individual, corporate, 1099’s and Canadian GST & NR withholding tax returns.

• Set up the Canadian operation for sister company, and established CLC satellite offices in various states.

• Turned licensee audit program from a loss position to annually being profitable.

• Increased annual gross royalty audit collections from $300,000 to $2,700,000. Collected $22 million in royalties

over a twelve year period.

• Personally conducted licensee audits and identified $3 million in unreported royalties.

• Served as company expert witness in landmark Federal Trademark trial against an infringing manufacturer.

• Managed eight external auditors, conducting 135-150 licensee audits annually.

• Responsible for licensee audit follow up with licensee senior managment, including dispute resolution and royalty

collections.

• CLC Chairman’s Award recipient for greatest impact to a company department.

• Participated in CLC group responsible for implementing online-royalty reporting and retail intelligence projects

• Presenter at CLC Licensing Director’s Seminar to CLC client universities on royalty audits.

• CLC Point of Contact for university clients, licensees, and retailers to answer license agreement and invoicing

questions.

• Performed company 401K vendor search for plan with illiquid assets, analyzing fees and services while lowering

administrative costs and reducing company liability.

Benefitfocus.com, Atlanta, GA 2001

EPIX-Professional Employer Organization, Atlanta, GA 1999 to 2000

National Association for the Self-Employed/UGA, Atlanta, GA 1997 to 1999

Richard T. Waugaman, CPA

540 Creekwood Drive, Marietta, Georgia 30068, 770-***-**** ***************@*****.***

www.linkedin.com/in/richardwaugaman

Financial and marketing professional with over twenty years business experience. Proven abilities in

identifying cost savings and process efficiencies, planning, organizing, and bringing projects in on time

and within budget; and successfully communicating with and developing long-term relationships.

Sales Consultant responsible for enlisting companies for online benefit enrollment system; for outsourcing of

payroll, workers’ compensation, health benefits, 401K plan, and human resource consulting services.

• Identified 37%-52% tax savings for clients utilizing section 105 medical reimbursement plans

• Identified business owners eligible to defer up to $30,000 in 401K profit sharing plans.

• Evaluated company human resource and benefit enrollment process quantifying the dollars saved to the company

by switching to a paperless environment.

• Produced annualized payroll of $6,000,000; 120% of quota.

• Designations: Top Sales Representative for the months of March, April, May 2000; 1997 Divisional Agent of the

month; 1997District Rookie of the Year; 1998 Agent of the Year-Crawley District; 1999 Divisional Agent of the

Month; 1999 Super Achiever Award Recipient.

Turner Entertainment Company, Atlanta, GA 1994-1997

Manager, Financial Participation

Responsible for timely issuance of royalty statements to participants in the Turner owned film libraries.

• Directly supervised four staff members, involved in performance reviews, promotions, and screening process.

• Managed the completion of 1,000 royalty statements for MGM, TNT, Hanna-Barbera, & TBS film libraries in half

the projected time during a period of employee reduction and department restructuring.

• Coordinated audits of film participants and schools with various Turner and CLC division personnel.

• Supervised an annual project, which involved coordinating two departments for the purposes of calculating

residual and participation liabilities for external auditors.

Tarica & Whittemore CPA’s, Atlanta, GA 1992-1994

Senior Accountant

Responsible for the planning and performing audits and reviews. Clients included: Wholesale, Distribution, Construction,

Retail and Not for Profit

• Planned, coordinated and completed financial reviews and audits of small to large businesses

Coopers & Lybrand, Columbus, OH 1990-1992

Staff Accountant

Responsible for performing audit functions and developing other staff while reporting to managers and partners. Clients

included: manufacturing, trucking, insurance, entertainment, and government

• Discovered over $1 million in overpayments to contractors.

EDUCATION

Miami University, Oxford, OH 1989

Richard T. Waugaman, CPA

540 Creekwood Drive, Marietta, Georgia 30068, 770-***-**** ***************@*****.***

www.linkedin.com/in/richardwaugaman

Financial and marketing professional with over twenty years business experience. Proven abilities in

identifying cost savings and process efficiencies, planning, organizing, and bringing projects in on time

and within budget; and successfully communicating with and developing long-term relationships.

B.S.B.A., Major in Accounting

CPA, State of Ohio

COMPUTER SKILLS

Excel-advanced, MS Word, MS PowerPoint, SAP, Oracle, BPC, Great Plains/Dynamics, MAS-90, FRX,

Quickbooks, Peachtree

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