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CFO

Location:
Houston, TX
Posted:
May 15, 2016

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Original resume on Jobvertise

Resume:

David A. Juengel, CPA

***** ******** ***** 713-***-****

Houston, Texas 77089 acusmi@r.postjobfree.com

PROFESSIONAL PROFILE

A highly effective Senior Financial Professional, who meets challenges skillfully and

creates positive change. An energetic, focused individual with a proven ability to

provide the leadership necessary to generate and deliver innovative ideas and effective

solutions in highly competitive, rapidly changing business environments. A dynamic

problem-solver with a track record of success setting strategic direction, optimizing

assets, and driving bottom line results.

BACKGROUND SUMMARY

A broad background in Public Accounting and Senior Financial Leadership includes:

Budgets/Forecasts Banking Relations Financial Reporting

Cash Management Strategic Planning Cost Analyses

Due Diligence Risk Management Investment Management

Contract Negotiations Cost Accounting Mergers and Acquisitions

Project Financing Regulatory Compliance Financial Modeling

Asset Management Treasury Management Tax Planning

EMPLOYMENT HISTORY

Elite Street Capital (ESC), Houston, Texas 2015 ? 2016

Chief Financial Officer, Treasurer and Senior Vice President

Created general ledger and financial statements for new start up organization.

ESC has three multi-family complexes and eight large million dollar single family

properties under management. Responsible for financial reporting, accounting, treasury,

payroll, human resources, budgeting, planning, risk management, tax, compliance and

administration. ESC has in excess of $135M in real estate debt and $36M in equity under

its control.

Notable contributions:

?Set up and generated books and records for over ten entities. Managed finance

relationship with third party management Company for multi-family properties.

?Responsible for the setup and preparation of all financial records for newly

acquired multi-family property in Houston, TX. ESC functions as the management

company for this property.

?Responsible for negotiation of insurance of three multi-family properties.

?Responsible for reporting and compliance on numerous large loans with lenders.

?Managed cash flow and bank accounts for all entities, including recording and

planning related to investor equity.

Money Management International, Sugar Land, Texas 1998 - 2014

Chief Financial Officer, Treasurer and Senior Vice President

Oversaw a staff of up to 45 employees responsible for audit, financial reporting,

internal control, Sarbanes Oxley, accounting, payroll, budgeting, planning, treasury,

collections, risk management, facilities, accreditation, quality control, compliance

and administration. MMI is licensed and operates in all 50 states. Managed due

diligence related to over 20 mergers. Responsible for trust accounts with approximately

$60M in creditor payments each month. Interacted with a wide range of professionals,

including the Board of Directors, attorneys, bankers, investment advisors, consultants,

auditors and information management specialists.

Notable contributions:

?Initiated sales of owned properties yielding $3.2M at a gain of $1.7M.

?In 1998 the company had no liquid reserves, today; it has over $26M and $48M in net assets.

?Assisted in diversification of revenue stream that allowed the company to grow from $8M in revenue to over $113M.

?Saved in excess of $120K per year on required bond by changing bankruptcy process.

?Saved the related $13M in collateral on the bond.

?Managed multiple requests for proposals on 401(k) ($34M in assets) with the last two

yielding savings of 40 and 20 basis points, respectively.

?Negotiated in excess of $700K in savings on annual lease payments.

?Negotiated in excess of $350K in savings on advertising expenditures.

?Managed banking relationship with savings in excess of $100K annually.

U.S. Zinc Corporation, (acquired by IMCO Recycling, Inc.), Houston, Texas 1997 -1998

Chief Financial Officer

Responsible for financial reporting, accounting, budgeting, treasury, tax, risk

management, payroll and information technology.

Notable contributions:

?Provided financial information to IMCO Recycling Inc. and investment bankers,

Nations Bank Montgomery Securities, related to the sale of the company.

?Primary financial contact with the potential acquirers, providing due diligence information.

?Responsible for the consolidation of monthly financial statements for entities

with approximately $170M in annual revenues, for loan negotiation and compliance

for a $25M line of credit and $7M asset-based equipment financing.

?Provided expertise and support related to reorganizations, mergers and tax implications

of transactions for the benefit of shareholders.

Proler International Corp., (acquired by Schnitzer Steel), Houston, Texas 1988 - 1997

Vice President and Treasurer

Responsible for treasury, tax, risk management, banking relationships, acquisitions, divestitures, payroll and human resources.

Notable contributions:

?Primary financial contact with Schnitzer Steel Industries, Inc. and Hugo Neu Corporation

in the sale of Proler International Corp.

?Experienced in the administration and preparation of SEC reports, such as, 10K, 10Q, 8K,

11K and proxy statements. Proler was a NYSE company doing business in the scrap industry and had a number of joint ventures, foreign sales corporations, and a foreign shipping company.

?Initiated legal actions and amended federal, state and property tax returns that

generated over $1.6M in tax savings.

?Directed the human resources function, including the design and selection of benefit

packages and selection of the 401(k) investment advisor.

?Decreased premium paid and reduced collateral held by insurance companies by $1.3M.

?Initiated litigation against insurance companies that increased earnings by $1.2M.

?Supervised the conversion to JD Edwards of accounting, purchasing and the scale system.

?Responsible for loan compliance on a $40M line of credit with Texas Commerce Bank.

Public Accounting Experience 1982 - 1988

Public accounting experience with multi-national, large manufacturers, oil and gas,

healthcare, stevedoring, chemical, real estate, auto dealerships, construction and

professional service corporations.

Tax Manager, Arthur Young and Company, Houston, Texas (1987 - 1988)

Tax Manager, Coopers & Lybrand, LLP, Houston, Texas (1983 - 1987)

Tax Senior, Melton & Melton, Houston, Texas (1982 - 1983)

EDUCATION

MBA, Finance and Accounting

University of Houston, Clear Lake, Clear Lake, Texas

BS, Business Administration, Accounting (cum laude)

Central Michigan University, Mount Pleasant, Michigan

AFFILIATIONS

Texas Society of CPAs

Houston Chapter of TSCPA

Past member of Clear Creek Independent School District Board of Trustees

Finalist in 2013 Houston Business Journal?s Annual Best CFO Awards



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