Management Manager
Resume:
JERRY R. KRUEGER, C.P.A., C.G.M.A. Home: 281-***-****
Cell: 713-***-****
Kingwood, Texas 77345
*************@*****.*** & www.linkedin.com/in/jerryrkrueger
VICE PRESIDENT / CFO / CONTROLLER
Senior Accounting Professional with 40 years’ broad and diverse experience including cash management, financial reporting and analysis, budgeting, forecasting, compliance, and cost controls. Trusted business and financial advisor skilled at building relationships and partnering with suppliers and cross-functional team members to improve processes, increase efficiencies, and drive down costs.
Certified Public Accountant
Chartered Global Management Accountant
Financial Statements & Management Reporting
A/R & A/P Account Analysis
Cost and Overhead Reductions
Operational & Capital Budget Preparation
Inventory Management
Profit & Loss
Process Improvement & Operational Streamlining
Credit Reviews & Approvals
Human Resources & Benefits Administration
Banking and Insurance Management
Team Leadership
Accounting Policies and Procedures
Regulatory Compliance
Automated Financial Systems & Business Software
Intercompany Accounting
Lines and Letters of Credit experience
Contract Negotiations
Supplier Relations
Percentage of Completion Accounting
Manufacturing Labor Hours Analysis
Breakeven Analysis
PROFESSIONAL EXPERIENCE
TAMS INDUSTRIES, LLC September, 2014 to Present
Start- up Company in designing, building and selling land drilling rigs for the international oil and gas industry.
ACCOUNTING & FINANCE MANAGER (CONTROLLER)
Reorganized the accounting function by:
Replaced existing ERP software to achieve quicker reporting times and accountability of Team members.
Coordinated with the foreign parent company for the timely submission of the monthly Financial Statements and related reports.
Provided the first complete set of financial statements to the owners since the purchase in June/2013.
Completed the first Review of the financial statements since the Purchase.
Created a cash flow forecasting system to become aware of problems before they happen.
Worked with CPA firm in completing all Tax Returns.
Created a production reporting system which:
Advised managers of total backlog, expected delivery schedule and production hours to complete.
Allowed managers to more effectively utilize/schedule personnel to meet critical delivery schedules.
Allowed managers to consider current inventory before buying material for the job.
Allowed managers to keep up with ordered material to assure prompt delivery which ensured timely delivery of the finished goods to the customer.
Worked with owners and production managers to develop cash flow models for a new product line.
SHELL & TUBE HEAT EXCHANGERS, LLC January, 2013 to June, 2014
Designing, building, and selling heat transfer equipment for the international oil and gas industry with annual sales of $17M and 60 employees.
CONTROLLER
Reorganized the accounting function by:
Consolidated the accounting function to Texas from Canada, Oklahoma and Wisconsin.
Coordinated with the parent company for the timely submission of the monthly Financial Statements and related reports.
Created a production reporting system which:
Advised managers of total backlog, expected delivery schedule and production hours to complete.
Allowed managers to more effectively utilize/schedule personnel to meet critical delivery schedules.
Allowed managers to consider current inventory before buying material for the job.
Allowed managers to keep up with ordered material to assure prompt delivery which ensured timely delivery of the finished goods to the customer.
Created a cash management system which:
Advised managers and the parent company of major future cash problem. This allowed time for a thoughtful resolution.
SUPERIOR DRILL PIPE MANUFACTURING, INC JULY, 2010 to JANUARY, 2013
Manufacturer of drill pipe for the international oil and gas industry with annual sales of $60M and 99 employees.
CONTROLLER
Produced first complete set of functional financial statements by:
Analyzing all balance sheet & income statement accounts, streamlining the chart of accounts and reconciling all bank accounts for the first time.
Developed cash flow projections which:
Allowed for the accurate prediction of a large cash shortfall well in advance.
Provided time to develop a strategy to reduce/eliminate cash shortfall.
Showed when sufficient cash would be available for possible plant expansion.
Improved raw material inventory management by:
Creating a schedule of all open Purchase Orders showing the description, quantity, price, expected delivery date and advance payments.
Allowing the production scheduler to compare existing stock and future deliveries of inventory with current in-house orders to ensure orders are completed on time while determining more accurate re-order points for the various sizes of pipe and tool joints.
Started an inquiry log which provides management with critical information of the sizes of pipe that is currently in demand. This reduces the risk of buying the wrong inventory and uses available cash in the most productive way.
Developed work in process schedule which achieved:
Improved scheduling of work.
Proper sizing of work force.
Up to date status of all orders under contract.
Proper tracking of customer deposits.
Financial Statements reviewed by outside CPA firm for the first time which:
Provided first ever working capital Lines of Credit facility from a local Bank.
KRUEGER ENGINEERIG & MANUFACTURING COMPANY, INC. FEBRUARY, 1989 to JUNE, 2009
Designing, building, and selling heat transfer equipment for the international oil and gas industry with annual sales of $25M and 75 employees.
Vice President of Finance and Administration
Managed cash flow of the company and assured financial stability by:
Negotiating one million dollar line of credit to the company.
Establishing a rainy day fund of invested cash in excess of one million dollars.
Achieving a debt to equity ratio of .7 to 1.0 without utilizing the line of credit.
Converted raw material inventory and scrap to cash equivalents and cash by:
Collecting a supplier credit and immediate cash infusion of $450,000, allowing company to get current with suppliers.
Increasing the confidence level of the bank toward company management.
Reduced money spent on material purchased in error by:
Overseeing development of custom ERP system, resulting in reduced purchasing errors thereby increasing cash flow and job profitability.
Upgraded manufacturing equipment which achieved:
Improved manufacturing tolerances.
Increased manufacturing capabilities which increased customer base.
Positive response from employees and customers.
Developed work in process schedule which achieved:
Improved scheduling of work.
Proper sizing of work force.
Up to date status of all jobs under contract.
Upgraded company’s computer hardware and network systems which provided:
More efficient internal and external communication.
Safe guarding of company information.
Prepared monthly breakeven point which allowed management to:
Offer price adjustments during negotiations to get jobs without losing money.
Monitor each cost center to determine if further cost reductions were possible.
Oversaw development of the company’s “Job Cost Purchase Order System” which allowed management to:
Monitor the delivery status of material on a job by job basis.
Determine accurate profitability of jobs before completion.
Initiated profit & loss projections which permitted management to:
Correctly size the workforce for the individual crafts.
Determine profitability 4 months in advance.
Take appropriate action to mitigate potential losses or increase profits.
Began formal safety program which achieved:
No loss time accidents or OSHA violations for the last 3 years.
Began formal environmental compliance program which achieved:
Compliance with all environmental laws with no violations for the last 15 years.
PRIOR EXPERIENCE
Controller, Southern Warehouse Corporation, Houston, TX, 1985 - 1989
Controller, South Shore Harbor Development, Houston, TX, 1984 - 1985
Controller, Mayan/Mission Construction Company, Houston, TX, 1981 - 1984
Accounting Manager, Dixilyn-Field Drilling Company, Houston, TX, 1979 - 1981
Staff Accountant to Manager of Corporate Reporting, Occidental Petroleum Co., Houston, TX, 1974 - 1979
EDUCATION / PROFESSIONAL DEVELOPMENT / PERSONAL
Bachelor of Business Administration, University of Houston, 1974
Houston Chapter, Texas Society of Certified Public Accountants
American Institute of Certified Public Accountants
United States Marine Corps – C-130 Navigator 1966 - 1970
Centrestage – Volunteer for set construction and back stage duties for community theater group in Kingwood, Texas
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