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Accounting Management

Location:
Jacksonville, FL
Posted:
March 26, 2015

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Resume:

JOHN E. CUNNINGHAM, CPA, MBA

**** ******** *****, ***** *********, FL 32092 / 904-***-**** /

acowhm@r.postjobfree.com

==

EXECUTIVE in Finance, Administration, Operations

Accomplished executive with proven track record of solid administrative and

operational experience across multiple industries including multiple

domestic and international operations. Provides strong leadership to build

high-performing management teams, turn around underperforming

organizations, define new strategic direction and optimize resource

utilization to exceed corporate objectives. Develops processes/systems to

maximize efficiencies, minimize costs and improve bottom-line

profitability. Establishes programs to ensure accurate and timely

financial reporting, internal/external controls and full integration of

critical business initiatives. Effective in working with parent companies,

Board of Directors, lending institutions and venture capitalists.

Expertise spans:

Financial Planning/Analysis ? Accounting ? GAAP ? Forecasting ? Budgeting ?

Cash Management ? Audit ? Treasury ?Tax

Banking Relations ? Regulatory Compliance ? Risk Management ?

Policy/Procedure Development ? Process Improvement

Strategic Planning ? Contract Negotiation ? Manufacturing ? HR ? Benefits

Administration ? IT ? Software Implementation

Profit/Loss Responsibility ? Cost Control ? International Business ?

Foreign Currency ? Liquidations ? Bankruptcies

PROFESSIONAL EXPERIENCE

CUNNINGHAM BUSINESS CONSULTING Saint

Augustine, Florida 2007 - 2011 /2012 - Present

PRINCIPAL

Advised companies of all sizes in a wide range of industries on

multiple business functions, encompassing long- range business

planning, budgeting, forecasting, cost accounting, financial

reporting, cost analysis, contract administration, treasury, internal

audit, SOX, taxes, cash management, operations, manufacturing,

inventory, sales, marketing, HR, insurance, benefits and IT solutions.

. Supported a telecom client in trimming direct costs 20%, overhead

expenses 10% and employee headcount 50% while growing revenue 10%

and net income 20%; prepared and presented a business plan to

financial institutions, leading to approval of a small business

(SBA) loan.

CORBITT MANUFACTURING, INCORPORATED

Lake City, Florida 2011 - 2012

$20 million manufacturer of bagged ground cover mulches, soil

products and firewood - Company liquidated

CHIEF OPERATING OFFICER

Held responsibility for the company's administrative functions,

including finance, procurement, HR and IT, in

addition to overseeing production for three manufacturing locations.

. Devised a strategic plan that cut direct costs and overhead

expenses 20%.

. Reduced finished goods inventory and direct labor costs while

significantly improving cash flow by establishing formal processes

for production forecasting and scheduling.

. Designed and implemented a fully integrated Microsoft Navision-

based ERP system in eight weeks

SPEAR TECHNOLOGIES, INCORPORATED San

Francisco, California 2001 - 2006

$20 million EAM software developer for the transportation

industry - Company sold

DIRECTOR OF FINANCE & ADMINISTRATION

Led accounting, finance and HR functions for both domestic and UK

operations. Controlled a budget of $18M. Supervised five personnel.

Served as direct liaison with the BOD, parent company and major

investors regarding accounting, audit, banking, insurance, investor,

legal and regulatory matters.

. Prevented the company from filing Chapter 11 by instituting a cash

management program and securing additional financing.

. Founded and incorporated a foreign subsidiary in the UK.

. Saved $300K annually and improved cash flow by developing a new

billing discount program and alternative payment methods for

customers, which slashed DSO from an average of 60+ days to just 15

days and reduced short- and long-term debt balances by $3.5M.

. Spearheaded an aggressive cost reduction initiative that cut annual

expenses by $1M+ and further improved cash flow after performing a

thorough analysis and identifying poor cash flow and unacceptable

profit generation, replacing high-priced subcontractors with

employees, substituting a medium-size regional firm for a Big 5

audit and tax firm and negotiating an office lease reduction and

new payment plans with large vendors.

. Re-established the HR function, including introducing formal SOPs

for both HR and finance functions as well as completely revising

the employee handbook, which contributed to improved data integrity

in financial information and systems.

. Lowered operating expenses 20%+ in the first year and replaced both

insurance carrier and broker to achieve a 25% ($200K) reduction in

premiums in the second year while enhancing health plans, which

improved the company's competitiveness as an employer and boosted

employee morale.

. Evaluated, procured, designed and implemented Deltek Costpoint, a

fully integrated international project accounting system, which

accelerated the month-end reporting process by five days while

enhancing staff productivity and accountability.

. Played a key role in the sale of the company to a major competitor,

handling the formal sale closing and transitioning all finance and

administrative functions to the acquirer's corporate HQ.

FOURTH PHASE - PRODUCTION RESOURCE GROUP

North Bergen, New Jersey 2000 - 2001

$140 million lighting and audio provider to the entertainment and

corporate trade show industry - Division dissolved

CHIEF FINANCIAL OFFICER

Directed accounting, finance, inventory and systems management

functions across 12 domestic and 6 UK locations. Controlled a $100M

budget. Supervised 80+ personnel. Prepared and presented

consolidated financial statements and business forecasts as well as a

five-year strategic plan.

. Significantly reduced administrative and inventory costs by

instituting formal policies/procedures and restructuring all

accounting functions between corporate, group and division levels.

XELCO INCORPORATED

Mount Vernon, New York 1999 - 2000

$20 million manufacturer of aluminum-framed windows, doors and

curtain wall - Company liquidated

FINANCIAL CONSULTANT - ACTING CHIEF FINANCIAL OFFICER

Managed accounting and finance activities, including analyses of fixed

assets, inventory, cash management, M&A and commercial real estate.

Drafted and presented a five-year strategic plan. Prepared a

financial marketing package for presentation to asset-based lenders,

commercial lending institutions, investment groups and development

agencies (municipal/county/state).

. Defined a formal organizational structure along with aggressive

financial strategies to resolve serious capital/profitability

issues.

. Refinanced the company's credit facilities, obtaining and tripling

a line of credit with a major lending institution.

. Designed and implemented an integrated operating system (First

Systech) covering accounting, inventory and manufacturing.

. Sourced a new manufacturing facility to facilitate a 100% increase

in capacity.

FABRICATED METAL PRODUCTS

Naugatuck, Connecticut 1997 - 1998

$30 million manufacturer of deep drawn metal products - Company

liquidated

NEW HAVEN MANUFACTURING COMPANY, LLC

New Haven, Connecticut 1997 - 1998

$20 million manufacturer of hydraulic valves and actuators,

electronic hardware-mechanical parts and time and

attendance devices - Company liquidated

CHIEF FINANCIAL OFFICER

Maintained responsibility for accounting, finance and IT functions as

Dual CFO and Board of Directors member of BOTH companies. Instituted

accounting policies/procedures. Prepared/presented strategic plans.

Served as a liaison with financial institutions, including asset-based

lenders, insurance/regulatory/state agencies and independent auditors.

Participated in and evaluated Kaizen programs.

. Conducted a comprehensive analysis to determine new strategic

direction, addressed cash flow and employee resource issues,

consolidated the administrative management and cash resources of

both companies and implemented an enhanced resource utilization

plan, which cut annual operating costs by $200K and improved cash

flow and working capital.

. Analyzed, procured and rolled out a fully integrated MSA ERP system

that encompassed all facets of finance, administration, operations

and manufacturing.

. Coordinated a $500K IT hardware upgrade, including installing a WAN

for both companies and parent company corporate HQ.

. Eliminated continuous errors and financial delays, slashed payroll

costs by $75K and expedited the month-end close process by five

days by recruiting and hiring four qualified accounting

professionals to replace the existing six-person accounting team.

. Managed cash flow to enable New Haven Manufacturing to emerge from

Chapter 11 with zero working capital.

EARLY CAREER PROFESSIONAL EXPERIENCE

LAND TECH REMEDIAL, INCORPORATED

$12 million environmental engineering and consulting firm specializing

in ground remediation

VICE PRESIDENT, CHIEF FINANCIAL OFFICER

BOWATER INCORPORATED

$2.2 billion manufacturer of newsprint, coated paper, continuous form

paper and paper pulp

SENIOR MANAGER, INTERNAL AUDIT

SENIOR MANAGER, CORPORATE ACCOUNTING

CONDIESEL MOBILE EQUIPMENT

$50 million defense contractor manufacturing heavy mobile

equipment for the Department of Defense (DOD)

MANAGER, GENERAL ACCOUNTING

THE PERKIN ELMER CORPORATION

$1.4 billion manufacturer of high-tech analytical instrumentation,

semi-conductor, optical and computer equipment

FINANCIAL ANALYST

SENIOR COST ACCOUNTANT

HANDY & HARMAN

$600 million fabricator of precious metal

STAFF ACCOUNTANT

EDUCATION

SACRED HEART UNIVERSITY

M.B.A., Finance

B.S., Accounting

. Minor in Business Administration

. Dean's List

HARTFORD GRADUATE CENTER, Leadership Development Program

PROFESSIONAL STATUS

. Certified Public Accountant - Active License

. American Institute of Certified Public Accountants (AICPA)

. Institute of Management Accountants (IMA)

COMPUTER SKILLS

. ADP, Accpac, Business Works, Deltek, EMS, First Systech, Great

Plains, JD Edwards, MSA, Micro MRP, Microsoft Navision, Microsoft

Office, Oracle, QuickBooks, Semaphore, Synergen, Tecsys



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