Accounting Financial

Reta C. Davis, CPA **** Stableridge Drive, Conroe, TX 77384 • 281-***-****

***********@*****.*** • www.linkedin.com/in/retacdaviscpa

Executive Profile: CHIEF FINANCIAL OFFICER (CFO) / CONTROLLER / VP FINANCE

~ Expert in Strategic Financial Planning, Budgeting, Analysis, Reporting, Operational & Financial Controls ~

Action-oriented finance executive with a proven track record of success improving financial performance and business value, partnering finance and accounting, and strengthening information integrity for strategic decision-making. Change agent for progress with expertise driving efficiencies and savings through automation, controls, financial analysis, and reporting.

Advisor to executive leaders, providing leadership and control of all aspects of the Finance and Accounting functions including providing guidance on core strategic issues and leveraging understating of accounting influences on business processes to drive informed executive decision-making. Solid cross-functional team interaction and leadership abilities.

Practiced in SEC reporting, mergers and acquisitions, integrations and managing banking relationships complemented with a hands-on leadership style. Accustomed to partnering with senior executives and Board of Director members.

Industry experience includes energy, oil and gas, engineering, manufacturing, petrochemical, mortgage, and corporate finance.

Skills & Capabilities Include

Implementing internal controls and budgets and an ability to analyze results against plan.

Advising the CEO and senior management team on financial planning, budgeting, cash flow, operating plans, and policy matters.

Contributing to the Company’s strategic goals, objectives and management of the organization.

Establishing key performance metrics and translating key strategic goals into financial and operational measures or milestones.

Working collaboratively with stakeholders to achieve organizational strategic and annual financial goals.

Fostering ongoing positive relations with the key constituencies, including Board of Director members, banking, legal, and accounting firms.

Serving as the senior management liaison to the Board of Directors, Audit committee.

Managing all financial affairs including accounting, treasury, financial planning, budgeting, expense control, forecasting, taxation, financial reporting and internal controls.

Assessing current financial systems, internal controls, accounting policies, processes and protocols to enhance these practices.

PROFESSIONAL EXPERIENCE

Craig Goodwin, Inc., dba United Machine Works New Waverly, TX 2014 – 2015

CONTROLLER/CFO

Privately owned multimillion-dollar manufacturer of custom oilfield parts for large-cap US and Canadian oil and gas clients; 140 employees.

Recruited by executive search firm to take charge of accounting and financial functions. Reporting the CEO, assumed CFO duties as the top finance executive and orchestrated complex transformation to bring Company into the 21st century with full involvement in financial forecasting, debt financing, budget analysis, and policy development. Managed staff overseeing AR, AP, benefits/payroll, invoicing, tax, and corporate accounting. Prepared and presented financial reports to President and executive leaders.

Identified areas for improvement and orchestrated company-wide efforts to improve controls, reduce operational and labor costs, raise the bar on performance standards, increase margins, and fuel growth.

Created the Company's first budget, an extensive model of both static and flex budgets with rolling forecasts, revenue streams, what-if analysis, and historical trend analysis for 3-5 years. Worked with each department to ensure compliance on a bi-weekly basis, provide direction, and ensure maximum contributions to drive business growth, profitability, and stability.

Realized 80% increase in data accuracy and improved forecasts, projects, and operating decision-making through better consistency in the reporting cycle with improved post audit review and analysis of operating decisions/proposals.

Spearheaded sourcing and acquisition of new ERP system (Microsoft NAV), which revolutionized Company business processes, improved operational efficiencies 30%, and added 10% to the bottom-line. Managed $400K budget. Worked with IT and all stakeholders to ensure smooth transition. Gained executive buy-in and overcame entrenched mindset.

Developed strong internal controls and implemented new general/cost accounting policies, systems, and procedures to improved timeliness, accuracy, and meaningfulness of financial data. Identified areas for improvement both financially and operationally. Gained 25% increase in productivity and 5-day reduction in month-end close.

Generated 10% increase in profit margin by designing and implementing standard costing inventory system that positively impacted JIT, procurement efficiencies, project metrics, and profitability. Worked with COO to redefine more effective manufacturing processes to streamline operations and improve margins.

Gained 30% savings by renegotiating vendor contracts and cut expenses 35% by controlling operating costs, capital, expenses, and inventory items; reinforced expense authorization guidelines.

Elevated culture to attain an all-time high in productivity, efficiency, and performance quality through cross-training, motivation, and leadership. Created segregation of duties to mitigate risk and fraud exposure, effectively building a cohesive, success-driven team. Ensured attainment of performance objectives.

Partnered with HR to bring much needed training, mentoring, and tools to managers, resulting in greater awareness, exposure, and ability to manage effectively with a proactive, solution-driven mentality.

Headed up quarterly/annual assessments of internal financial auditing controls in accordance with Sarbanes-Oxley (SOX) and GAAP, guiding internal/external auditing as financial executive on SOX Compliance team.

Coached department heads to understand P&L and identify profitable opportunities. Conducted extensive financial modeling to educate senior management on opportunities for financial improvement and offer proactive solutions.

Delta Structural Technology LLC Conroe, TX 2008 – 2014

VICE PRESIDENT FINANCE / CONTROLLER

Private national structural engineering and contracting company serving the oil and gas/energy and petrochemical industries.

Recruited as Controller and overhauled entire accounting/finance department in the wake of prior defalcation. Promoted to VP Finance and maintained controller duties while actively engaging in strategic-level activities as senior executive team member. Oversaw all finance/accounting functions, payroll/benefits, compensation, and risk management, including insurance administration. Managed budget preparation, forecasting, financial reporting, debt financing, collections, bank/treasury functions, audits, corporate tax, GAAP, SOX, and other regulatory reporting. Managed 3 direct reports and $20M budget.

As VP Finance, positioned Company for success and fueled growth. Developed and implemented strategic vision for business and financial objectives in partnership with senior leadership team.

Overall, delivered 10% increase in profitability, 25% increase in productivity, and 30% decrease in expenses.

Effectively managed investments to deliver competitive returns and ensure strong capital structure and cash flow.

Improved resource allocation and identified new global areas for manufacturing to reduce production costs.

As Controller, spearheaded turnaround. Conducted immediate review and redesign of Company's system of internal control, drove process improvements, streamlined operations, and instilled financial best practices.

Set up new accounting system, including full absorption job cost accounting. Recreated historicals, designed complex chart of accounts, and implemented robust internal controls. Created customized management reporting, including dashboards, KPIs, and scorecards to identify and correct financial/operational inefficiencies. Shortened close time by 5 days.

Drove 25% improvement in productivity. Established department goals, policies, and procedures. Automated 401K plan administration. Implemented new ERP system (Timberline/Sage), resulting in accurate financial and accounting data to facilitate proper budgeting, forecasting, and planning.

Designed new warehouse perpetual inventory system based on standard costing, resulting in 30% increase in operational efficiency and savings of 3 FTEs. Kept variance under $600/month on $3M-$5M in inventory.

Cut costs 25% via debt restructuring. Reduced DSO 30% and collected all outstanding debt.

Partnered with HR to bring in new DNA and drive performance improvements.

Key Energy Services Houston, TX 2007 – 2007

CASH MANAGER / SENIOR FINANCIAL ANALYST TREASURY

$2B rig-based well service company with operations in all major onshore oil and gas producing regions nationally and abroad; 7,500 staff worldwide.

Recruited to manage $200M daily cash position, forecasting, and banking/brokerage relationships. Ensured the highest yield on capital. Oversaw cash and treasury operations, short-term borrowing, short-term investments and payments, liquidity management, and foreign currency issues. Involved in acquisitions, evaluations, reorganization, and SOX activities. Mentored 1 direct report.

Implemented and validated Cognos Finance (Consolidations) and Enterprise Planning for reporting, budgeting and forecasting to all divisional controllers as co-system administrator, working across divisions to create and roll out templates and get everyone trained and running on the same platform. Ensured consistency in adherence to GAAP standards.

Architected standardized templates for reporting budgets, forecasts, and key metrics in a simplified, user-friendly environment, which strategically united controllers to overcome geographical and software barriers.

Served as Interim Manager of Financial Planning & Analysis. Performed financial modeling, performance reporting, competitive/quantitative analysis, and ad hoc assignments.

Led successful upgrade of treasury workstation that enabled accounting to reconcile on a daily basis rather than monthly. Ensured cross-functional training of treasury software.

Aegis Mortgage Corporation Houston, TX 2005 – 2007

FINANCIAL DIRECTOR TO PRESIDENT

National mortgage company offering full spectrum of prime and subprime products; 3,000 employees.

Recruited to newly created position to drive business efficiencies across 4 channels of prime and subprime business in wholesale and retail mortgage industry. As financial business partner, worked with subsidiary presidents to develop budgeting and forecasting models. Performed financial and investment analyses. Oversaw budget for all 4 channels. Managed 20 indirect reports.

Identified strategies and trends that ensured strategic alignment and realized significant improvements.

Decreased costs 10%, improved efficiencies 30%, and boosted profitability 20%. Administered profitability-based incentive plan for division managers, adjusted to market conditions, and quantified results. Developed balanced scorecard and dashboard that lowered production costs 20% while maximizing resources. Negotiated 30% savings on vendor contracts.

Advanced Wiring Technologies, Inc. Spring, TX 1998 – 2005

OWNER & PRESIDENT

Private contractor and provider of customized high-end residential security, fire alarm, and home theater systems.

Launched and built business from the ground up and grew to $1M+ in annual sales with a solid balance sheet and low cost of capital derived from reoccurring revenues. Managed all financial and accounting reporting functions. Built team of 12 technicians.

Built new venture from start-up to profitability the first year. Grew to $1M+ with 30% YOY growth. Built company on limited source of capital, streamlined operations, reduced expenses, and improved bottom line 20%. Sold for a profit.

Nabors Industries, Ltd. Houston, TX 1997 – 2001

ASSISTANT DIRECTOR OF INVESTOR RELATIONS & CORPORATE DEVELOPMENT / ASSOCIATE ANALYST

$17B global S&P 500 oil, natural gas, and geothermal drilling contractor; 24,000 employees.

Deeply involved in all aspects of investor relations, working with Legal, buy/sell-side analysts, CEO, and other key stakeholders. Assisted in creation of quarterly/annual reports, press releases, and earnings releases. As Associate Analyst, handled financial modeling, forecasting, investment presentations, research, and ad-hoc assignments. Held dotted-line report to CEO.

Conducted due diligence, in-depth analysis, and research to support CEO, executives, and Board members in strategic planning and business improvement initiatives.

Developed models and presentations for SEC and Legal in support of acquisitions.

Streamlined operations 30% and reduced expenses 30%. Introduced computerized processes and automation.

Credit Agricole Indosuez Houston, TX 1995 – 1997

SENIOR CREDIT ANALYST / OPERATIONS MANAGER

Largest retail banking group in France, 2nd largest in Europe, and 8th largest in the world by Tier 1 capital; 164,000 employees; $28B in revenues.

Hired to start up new Houston branch serving the oil and gas/energy industry and transitioned to finance role. Performed business, financial, and industry research/diligence and financial modeling and valuation analysis. Structured, negotiated, and documented transactions. Monitored investments and portfolio performance. Drafted valuation and company reviews. Managed 4 direct reports.

Built new branch from the ground up. Developed office space, built team, set up technology systems working with IT, negotiating contracts, created policies and procedures, and partnered with parent company in Chicago on the grand opening.

Reduced operational costs 32% with $1M+ annual savings by negotiating favorable terms with building contractors.

Drove 30% improvement in operational efficiencies through streamlining and ongoing process improvements.

Earned 99%+ on both scheduled and unscheduled internal audits.

Ensured 100% compliance, conducting credit analysis, proposals, internal audits of loan documentation, and loan reviews, focusing on energy industry for domestic and international clients.

EDUCATION

Texas A&M University, Bryan College Station, TX

Bachelor in Business Administration (BBA), Finance Major

Lone Star College, Montgomery, Conroe, TX

Advanced Accounting Certification for CPA Examination

Certified Public Accountant (CPA), State of Texas

Technical Proficiencies Include

Microsoft Suite (Advanced User of Word, Excel, PowerPoint, Access, Outlook, Visio, Project) • Microsoft AX • Microsoft NAV

SAP • Timberline/Sage • Hyperion • Cognos • Business Objects • E2 Manufacturing Software • QuickBooks • PeachTree

Salesforce • Adobe Professional • Photoshop • Lightroom

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