TIM REED

***** ****** ***** **, ****, Texas ***** 832-***-**** acplkn@r.postjobfree.com

Executive Profile

Results oriented entrepreneurial Chief Financial Officer with broad-based expertise in accounting, finance,

treasury management, asset based lending, information technology and process improvement. Experienced

in systems integration, improved efficiency in staffing and improved cash flow through reduction of inventory

and receivables investment in turnaround environments. Partner with CEO and private equity investors to

build value and successfully negotiate sale process.

Skill Highlights

• •

CFO for Private Equity Portfolio Companies Treasury Management

• •

Operations management across multiple Management reporting focused on key

locations drivers

• •

Asset Based Lending Budget preparation aligned with strategic

goals

• Information technology

• •

Process improvement Human resources

• •

Financial reporting Proficient in Microsoft suite; Excel, Word

• Manage annual audit

Professional Experience

KIVA KITCHEN & BATH (Rock Hill Capital Portfolio Company) – Houston, TX Mar 2011 to Current

Chief Financial Officer

• Direct all accounting, financial reporting, human resources, payroll and IT functions across eight locations in

Texas and California

• Key Accomplishments:

o Reduced investment in inventory from $12 to $5 million

o Reduced accounts receivable ineligible for the borrowing base in the ABL from 40% to 8%

o Uncovered employee theft ring: worked with insurance company and law enforcement agencies to

recoup losses and prosecute former employees

o Directed conversion from three ERP systems to one during the first eight months

o Improved consistency and visibility in management reporting

o Key member of senior management team that improved results from an EBITDA loss in 2011 to a

reasonable profit over most recent trailing twelve months

o Managed due diligence process during successful sale transaction

DISTRIBUTION INTERNATIONAL (Grey Mountain Partners Portfolio Company) – Houston, TX Jan 2008 to Mar 2011

Chief Financial Officer

• Directed all accounting, financial reporting, human resources, payroll and IT functions across eleven

locations in Gulf Coast and Mid-Atlantic regions

• Key Accomplishments:

o Key member of senior management team that grew EBITDA 30% in 3.5 year investment period

o Centralized accounts receivable and accounts payable functions

o Developed improved management reporting providing visibility into key drivers such as:

Margin by product line and customer category

Inventory and accounts receivable turnover

Identify low/unprofitable product lines

Progress on profit improvement initiatives

o Developed customer profitability model

o Managed due diligence process during successful sale transaction

ADAMSON HOOD & COMPANY – Houston, TX Apr 2004 to Jan 2008

Principal, CPA

• Local CPA firm performing tax and audit services for small businesses and individuals

SYSCO CORPORATION – Houston, TX Sep 1987 to Mar 2004

Assistant Vice President/Assistant Controller

Sr. Director-Foldouts & Acquisitions

Sr. Director-IT

Vice President – Finance/CFO (Jacksonville, FL operating company)

Systems Analyst

• Managed staff responsible for processing $15 billion in supplier payments

• Developed improved profitability program for vendor allowances

• Provided guidance to operational departments

• Responsible for customer profitability/stratification model

• Led task force comprised of senior management from both operating companies and corporate office in

developing and implementing strategy for organic expansion into new markets

• Developed Key Metrics Report and Best Business Practices Portal based on Balanced Scorecard

methodology

• Worked with management of new acquisitions to acclimate them into Sysco processes and procedures

• Served as corporate IT liaison to southwest regional operating companies during ERP conversion

• Developed business review process to maximize system utilization post-conversion

• Directed accounting, financial reporting, human resources, payroll and IT functions for operating region

• Trained operating company personnel on use of Sysco’s ERP system

GORDON JEWELRY CORPORATION – Houston, TX Sep 1985 to Sep 1987

Accounting Manager

ARTHUR ANDERSEN & COMPANY – Houston, TX Sep 1982 to Sep 1985

Auditor

Education & Certification

Certified Public Accountant 1984

BBA, Accounting 1982

Texas A&M University

Community Service

• Boy Scouts of America – Troop Committee Chair, Charter Organization Representative, Texas Skies

District Eagle Board of Review Representative

• UIL Swim Official

• Mentor – InnerChange Freedom Initiative Prison Ministry Program

Contact this candidate