Manager Plant

Frederick Folson

770-***-**** - *******@*********.***

*** ***** ****** *********, ** 30354

PROFESSIONAL EXPERIENCE

BLG Logistics - North America ($30M) Vance AL-Marietta GA

A Global Distribution, Transportation, Procurement, and Supply Chain Management, Logistics Company

Financial Analyst -Finance & Administration May 2015 – Dec 2015

Job responsibilities include managing payroll- Oversee a staff of 3, ensure Payroll deadline are meant (1000 employees)

Approve and audit payroll, improve processes, manage payroll for Temp’s (250 Temps)

Month End accruals for payroll, vacation, bonus, works comp, rent/repair cost, allocated employees and project teams

Review monthly results with operations managers at each location

Ensure proper cutoffs of AP, AR for timely closing process

Coordinate with HR on new hire documentation

Bank Reconciliations

Line of Credit renewal annually

Prepare ad hoc reports as required for VP of operations and Corporate Controller

Budget preparation and analysis, prepare daily, week, and monthly KPI reports

Prepare weekly cash flow projection

Develop process for preventative maintenance on forklifts and other plant material handling equipment

Monitor and develop monthly accruals for container repairs and chargebacks

Evaluate team’s yearly performance

Snappy Corporation ($105M) Marietta, GA A leading manufacturer of galvanized pipe & fittings for the residential HVAC Industry

Senior Cost Analyst Sept 2014 – May 2015

Review day to day cost activities, tracking material usage, inventory, labor, and all other processes and procedures involving cost at the 4 plant locations

Review, update and maintenance of bill of materials

Prepare annual operations plan for all 4 locations

Developed weekly scorecard analyzing non-standard material consumptions (scrap, inventory adjustments, substitutions, material fall off)

Reconcile perpetual and GL, understanding drivers of differences

Review material cost roll up/standard rolling process. Successfully updated and rolled costs at all 4 locations

Provide monthly summary and analysis of supplies, R&M accounts, and slow moving items

Coordinate and prepare plant operations plans and budgets

Created daily labor report tracking UPH to plan and prior periods

Review, analyze and update minimum/maximum inventory levels every 90 days

Prepare and analyze month cycle count results

Ensure the timely cutoff of AR, AP, and inventory modules so month end deadline are meant

Work directly with bank auditors on inventory and AR for borrowing base report

Prepared analysis of top 30 parts verifying usage in BOM to actual – adjusting where needed

Prepare plant cost analysis of top parts for annual pricing review

Coordinate, plan and analyze quarterly physical inventory at all 4 locations

Delta Airlines Charter Group ($750M)

Provides private charter service to the US Military, NBA, NFL, NHL, MLB, NCAA football, basketball, White House press staff

Senior Financial Analyst April 2013 – April 2015

Provided in-depth quantitative analysis of costs related to operating charters- identifying, justifying variable cost chargeable for each flight

Maintained standard block hour cost component files for each craft used in charter operation

Coordinated and managed DFAS annual Audit

Developed and negotiated annual rate packages by aircraft with US TRANSCOM on all International flights

Part of team that prepared analysis and justification for the purchase and reconfiguration of 10 aircraft for the NBA

Reduced AR past due by $8m on collection items over two years’ old

Prepared documentation to support invoicing for Government and private Charter contracts

Prepared monthly fuel report and reconciliation/true-up with US TRANSCOM

Managed DOD, and TRANSCOM annual rate and fuel audits

Discovered, billed and collected $7.5m in completed missions dating back to 2012

Justified use and modifications/retrofitting of aircraft to be used on charters missions.

Completed a monthly closing process including revenue recognition, journals for fuel usage.

Determined cost allocation methodology, expense allocation by region, departure metrics

Prepared ad hoc quantitative analysis on special projects

Coordinated with IT in updating and maintaining Brio queries used for data mining in Hyperion Suite

General Polymers LLC, Damaste HoldingLLC, Damaste Warehouse LLC ($65M) Macon, GA

A manufacturer and processer of Polymers, Polyester and Fiberglass Mat, supplied to the roofing, and asphalt industries

Accounting Manager Feb 2009 – Mar 2013

Served as Accounting manager for this Manufacturing and Distribution company, supervising a staff of 12, and serving as backup to the plant manager

Analyzed cost of goods sold, by customer, material type and product line, identifying variances to plan and previous periods; analyzed manufacturing expenses identifying and explaining abnormal items

Prepared weekly reports on material usage, labor efficiency, and rework

Manage bank relations, line of credit renewals

Manage monthly closing process, accruals, bank reconciliation’s, cutoffs

Review annual health plans and property insurance policies, renewal negotiations

Responsible for general ledger maintenance, month and year end closings, inter-company transactions/reconciliations

Prepared weekly cash flow forecast; monitored and maintained bank lines of credit and annual renewals

Worked closely with plant manager on justifying capital expenditures

Manage annual worker’s compensation audits

Work directly with audit firm on year enclose and tax preparation

Prepared monthly consolidated financial statements for corporate review

Worked closely with raw material suppliers more narrowly defining material specs (i.e. weight, density, chemicals, moisture content etc.) leading to more consistent output from batch processing

Monitored raw material component cost, recording purchase price variances, updating perpetual inventory module

Prepared pro forma invoices for customer approval, ensuring correct pricing, freight rates, and proper product export codes

Reduced A/R outstanding from 95 to 63days through effective timely, consistent communication and document accuracy

Coded and entered supplier and vendor invoices, verifying and allocating raw material cost

Took regular cycle counts, quarterly inventories, reconciling the general ledger to the inventory module

Input and prepared weekly payroll, quarterly 940 and 941 reports, worker’s compensation audits, real and personal property tax returns

Verified customer billing and export documentation, including inland bills of lading and certificates of origin, ensuring shipments were not held by customs at port

Reviewed and approved tenant contracts, approved maintenance proposals for apartments, lofts, and retail tenet space

Created maintenance log for apartments, and lofts, communicating regularly with tenets of completions dates

Modern Manufacturing, Columbus Showcase, MS Signs (120M) (Divisions of Raymond James Financial) Tampa, FL Custom store fixture, showcase, wall systems, and sign manufacturer

Unit Financial Analysis Jan 2000 – Feb 2009

Due-diligence team member supplying analysis on the Acquisition and eventual Sale of the above companies

Managed accounting, purchasing, and shipping/receiving staffs of 12; created policy, procedures and controls.

Leadership role in developing preparing, and implementing first ever budget at MS Signs($35m)

Created and maintained standard cost for over 50(SKU’s) fixtures/showcases, comparing results to original quotation, and using the results to refine the cost estimating process at Modern Manufacturing

Increased gross margin by 17% due to material optimization via standard cost data, and increased labor efficiency by scheduling common cuts and assemblies together

Prepared customer quotations, ordered materials, ensuring project completion and delivery commitments to customers including Macy’s, Tommy Hilfiger, U-Haul, Rainbow Apparel

Created process for material consumption using requisitions to identify type and quantity by department

Communicated directly with general contractors and location managers during delivery and installation

Partnered with chief engineer, and lead sales person to buy excess equipment from manufacturing unit LLC formed in 2004

Involved in all aspects of the business focusing on cost estimating, accounting, purchasing and investor relations

Indian Head Industries Inc. ($170M) – Southfield, MI

Multi Division manufacturer of Engine Gaskets, Spring Brake Actuators, Interior Trim, and Extruded Metals

Controller Nov 1985 - Dec 1999

Started as Senior Accountant, promoted to Plant Controller, and then Division Controller from 1995 thru 1999

Financial planning, statement preparation and analysis, budget preparation, implementation and analysis

Maintained Bills of Material, developed standard cost as needed for new products and updated the standard cost system annually, methods of controlling, allocating manufacturing expenses to product lines and cost centers

As Plant Controller developed product pricing, conducted time studies, managed inventory levels, raw material

Controlled all tooling budgets

Prepared justification for in-house tooling programs

Developed and justified capital spending projects, supervised AR, AP, and purchasing functions

Supervised 5 division controllers and 14 division accounting personnel

Core team member on $1.5m ERP software implementation (JD Edwards software)

Led finance due diligence effort in raising $7.5m in private equity for expansion and growth

TRW Inc. – Warren, MI

Manufacturer of steering linkage components for trucks and passenger cars

Accountant June 1981 - Oct 1985

Payroll time keeper, distributing direct and indirect hours from labor tickets to cost centers

In house job costing on machinery and tooling refurbishments, capitalizing or expensing costs as required

Bank and general ledger account reconciliations, journal entries, sales and use tax filings

EDUCATION

BACHELOR OF ARTS IN MANAGEMENT- CONCENTRATION IN ACCOUNTING

Maryville College - Maryville, TN 1998

Relevant Classes Taken: Senior Thesis on Strategic Planning – including business plan development and implementation

ADDITIONAL INFORMATION

Computer Skills: Proficient in Microsoft Word and Excel. Ability to create ad hoc reports/ spreadsheets in Excel that greatly enhance in the analysis of financial information

Software Applications: SAP, JD Edwards, MAS 90(Sage), Epicor 9, General Dynamics, Quick Books Pro Excellent communication and leadership skills, enjoy working in team environments

REFERENCES

Available upon request

Contact this candidate