Ted Murphy

**** *** ****** **. • Montebello, Ca. 90640 • Tel: 323-***-**** • Cell: 323-***-****

acw6vh@r.postjobfree.com

Summary:

Operationally-oriented financial professional with multi-industry experience building, strengthening and leading the corporate financial functions for capital-intensive public and private companies in various start-up, turnaround, stable and high growth situations.

Demonstrated ability to quickly learn the intricacies of diverse industries and make immediate improvements on cash flow, cost reductions, planning, reporting, and controls.

Strong domestic and international P&L management experience and a proven track record of driving revenue and profit growth.

Highly knowledgeable and familiar with all aspects of corporate finance, including audits, SEC reporting, forecasting, business plan development, and purchasing. Adept at analyzing contracts and producing increases in revenue.

Experience in developing and implementing financial structure for start up organizations. Able to formulate and establish policies, procedures, and strategies.

Professional Experience:

Value Meats dba Charlie’s Pride Meats, Vernon, CA. 04/2015-Present

Whole muscle deli meat manufacturer

Controller/CFO

27% Growth, turned company around from $2m loss to profit of $1.5m

Reduced expenses by over $2m per year

Negotiated and setup new logistics company

Coordinated annual external audit. Prepared audit schedules and coordinated with auditors

Serviced as lead contact to operations managers for financial statement related inquiries. Oversaw all financial operations, including, audits, planning and forecasting, business analysis, accounting, and technical support of sales staff

Developed policies, systems and financial procedures for the company upon introduction to the organization.

Instrumental in setting up manufacturing software.

Set up reporting and schedules for all Sales Commissions.

Reviewed all sales agreements and contracts.

Negotiated all insurances and business related contracts.

Established banking relationships

USDA facilit

Reduced overhead by $20k per year by reviewing and reducing expenses.

Colonial Dames Inc./Oxygenetix, Commerce, CA 08/2010-04/2015

Cosmetic and skin care manufacturer

Controller/CFO

Set up and installed EDI program

Converted accounting and manufacturing software to QuickBooks Enterprise

Oxygenetix startup company for medical pharmaceuticals, 70% growth each year

Foreign currency translation (FAS 52) for Japan, The Netherlands, China, Sweden, and Canada.

Serviced as lead contact to operations managers for financial statement related inquiries.

Developed policies, systems and financial procedures for the company upon introduction to the organization.

Instrumental in setting up and running new start up (Oxygenetix)

Set up reporting and schedules for all Sales Commissions.

Reviewed all sales agreements and.

Negotiated all insurances and business related contracts.

Coordinated annual external audit. Prepared audit schedules and coordinated with auditors.

Established banking relationships

FDA facility

Oversaw all financial operations, including, audits, planning and forecasting, business analysis, accounting, and technical support of sales staff.

Reduced overhead by $20k per year by reviewing and reducing expenses.

Deluxe Digital Studios, Burbank, CA 01/2008 -11/2009

Division of Deluxe Entertainment Services with annual revenues of $180m.

Director of Finance and Accounting

Consolidated all monthly financial statements for 4 subsidiaries and foreign offices.

Directed the timely preparation of Financial Reporting on monthly, quarterly, and yearly basis.

Foreign currency translation (FAS 52) for India, Italy, England, and Canada.

Serviced as lead contact to operations managers for financial statement related inquiries.

Developed policies, systems and financial procedures for the company upon introduction to the organization.

Responsible for bringing Collections in house. Reduced over 120 days past due from 40% to 2% of A/R balance.

Reduced receivables by $15 million through implementing aggressive collection procedures targeting delinquent accounts

Prepared complex budgets for 120 departments and foreign offices.

Prepared monthly reports and PowerPoint presentations for Board of Directors.

Coordinated annual external audit. Prepared audit schedules and coordinated with auditors.

Ad-hoc reporting & analysis, annual budgeting, quarterly forecasting, capital budgeting, compensation structure analysis for new-hires.

Oversaw all financial operations, including, audits, planning and forecasting, business analysis, accounting, and technical support of sales staff.

Reduced overhead by $120k per year by reviewing and reducing expenses.

Worked daily with Lawson, FileMaker Pro, Excel, Word, Access, PowerPoint, and Business Objects.

Sonora Mills Foods, Inc., Rancho Dominguez, CA 10/2005 - 10/2007

Food manufacturer with annual revenues of $25m.

Controller

Reported to President, key member of senior management team; provided strategic consultation and guidance to senior management on all decisions that had a financial impact on the division; assisted management team on reaching operational goals.

Responsible for the complete financial operations of division, including financial reporting & analysis, general ledger, accounts payable, accounts receivable, and internal controls.

Directed reports included warehouse, logistics, inventory, and finance.

Developed financial performance measurements for company and interpreted key business performance indicators.

Performed financial modeling/valuation analysis in preparation of launch of new product.

Oversaw all banking relations and treasury management of the company and ensured compliance with all bank covenants.

Performed cost analysis for production unit of the company. Identified expense drivers and assigned costs to production tasks, to more accurately capture the individual costs of the products sold.

Negotiated all insurance premiums (Workers comp., general liability, etc.).

Identified and reviewed poorly performing contracts. Determined solutions to increase profitability, including contract renegotiation and enhancement of originally agreed upon services.

Accomplishments include:

1.Automated close process to consistently meet reporting deadlines with standardization of processes. Reduced from 7 days to 3 days.

2.Created a lean, efficient team that was flexible in dealing with a constant array of challenges.

3.Reduced overhead costs first year by $100k

4.Led the implementation of MAS 90 Accounting Suite with minimal delay and costs within the first year. Setup and installed the MRP module.

Golden Tiger, Los Angeles, CA 5/2001 - 10/2005

Division of Windsor Frozen Foods with annual revenue of $80m. Manufactured frozen Asian appetizers.

Controller

Responsible for complete financial operations of division, including financial reporting & analysis, general ledger, accounts payable, and accounts receivable.

Upgraded and installed new product costing program, reducing the time to cost a new product from two days to a few hours.

Heavy manufacturing and cost accounting reports on daily, weekly and monthly basis.

Oversaw and coordinated all audits with outside CPA firm. Prepared audit schedules and reviewed results.

Worked closely with all department heads insuring compliance to company policies and budgets.

Worked closely with sales force and customers in preparing new product costs. Analyzed and reviewed current product costs yearly.

Prepared budgets and forecasts for management review and approval by product.

Analyzed capital projects and tracked against budget.

Appointed to committee to review and select new software for company and insure all plants follow procedures

Zacky Foods, S. El Monte, CA 5/2000 - 5/2001

Poultry operations with annual sales of $250m (Company sold to Foster Farms – group eliminated).

Assistant Finance Manager

Primarily responsible for the review of all corporate tax returns, sales tax, federal and state income tax, property tax, and payroll tax.

Coordinated all internal an external audit engagements.

Responsible for all cash management and investments for companies.

Process monthly and quarterly bank, general ledger and balance sheet reconciliations.

Performed cash forecasts, projections, and budgets.

Manufacturing Business Systems, Pasadena, CA 10/1999 - 5/2000

Independent Consultant - Platinum/Batchmaster

Consulted and trained clients on Platinum, Batchmaster, FRX, and Crystal Reports.

Installed software, reviewed setup and made revisions to improve functionality.

Custom Food Products, Inc., Montebello, CA 3/1997 - 10/1999

Value added meat manufacturer with annual sales of $80m (departed company when they entered bankruptcy).

Assistant Controller

Maintained general ledger and prepared journal entries for all Divisions.

Performed account analysis and maintained all sub-ledgers (A/R, A/P. and Cash).

Prepared and maintained all Capital Expenditures and Fixed Asset records

Responsible for monthly consolidations and corporate financial statement.

Prepared operating budget and monthly variance reports.

Supervised staff of 4.

Responsible for all cash management. Oversaw credit and collections.

Responsible for all audits.

Serfin Funds Transfer, Alhambra, CA 1 /1996 - 10/1996

Start up company, division of Banco Serfin, 3rd largest bank in Mexico (Company sold – US operations were closed).

Controller

Installed, setup, and maintained general ledger for 39 branches.

Prepared operating budget and monthly forecast.

Performed account analysis and prepared month-end corporate closing package.

Prepared breakeven analysis.

Prepared daily wire transfers and Peso purchase for New York.

Calculated and recorded daily foreign exchange rate variances.

Responsible for all audits.

ABM Engineering Services, Commerce, CA 12/1992 - 4/1995

Assistant Controller

Maintained general ledger and prepared journal entries.

Performed account analysis and assembled month-end corporate closing package.

Assisted with annual operating budget and monthly forecast and SEC reporting.

Prepared breakeven analysis.

Preparation and filing of multi-state monthly, quarterly, and annual payroll tax and sales tax returns.

Prepared monthly union benefits payments and fixed asset sub-ledger.

Additional Experience:

Obtained progressive levels of accounting experience within the manufacturing and hospitality industries, from Staff Accountant through Accounting Manager.

Education:

Bachelor of Arts in Accounting, Walsh College, N. Canton, Ohio

Software:

MAS 90, Sage PFW, Lawson, Platinum (Epicor), BatchMaster, FRX, Crystal Reports, J.D. Edwards, Cognos, MS Office, Business Intelligence, FileMaker Pro, Ross, MYOB, QuickBooks, Peachtree, Sage Mas 500

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