Human Resource Financial

Randall W. Stewart

*** ********* ***** / *********, ** 06614 P 203-***-**** / **********@**.***

MAGELLAN AEROSPACE, BETHEL, INC., BETHEL, CT

Controller – July 2008 – July 2016

$17 Million Aerospace Engine Parts Manufacturing Division of $850 Million Parent.

Reporting to Corporate CFO & V.P. Human Resources, and Divisional General Manager at business unit. Key operational contributor ensuring accurate financial results and meaningful decision making analysis. Responsible for ensuring unit compliance to corporate policies, procedures and initiatives. Interface with division management and staff to facilitate best practices, cost reduction initiatives and profit maximization. Interaction with Auditors, Customers, Vendors, and Benefits Brokers.

Analysis and reporting of Financial results involving comparisons to budget and forecasts, KPI’s, inventory planning, standard and gross margin analysis, spending variances, capital, and order book.

Plan and develop annual Budget and comprehensive quarterly financial forecasts.

Ensure product BOM and Labor & Overhead standards are complete and accurate.

Report on Cost Variance analysis against standards and recommend cost improvements or price lifts.

Development of machine and work center rates for pricing and costing improvements.

Oversee Physical inventory and analysis. Recommend dormant stock liquidation and cost recovery.

Review of reconciliations for General Ledger, Fixed Assets, and Payroll, A/R, and A/P and Taxes.

Human Resource responsibilities include benefits, resource and workforce planning and management. ITAR and E-verify compliant.

Assisted with Magellan Operating System (MOS) improvements involving customer agreed to line of balance, procurement and production flow, rate reviews, and inventory reduction initiatives.

METROWINE LTD, INC., STAMFORD, CT

Controller – February 2008 – June 2008

$8 Million Wine Wholesaler / Importer / Distributor. Reported to Principals.

Managed financial process for wholesale distributor / retailer. Cost improvements initiated.

Reported on Physical Inventory reconciliations and analysis and reduced surplus stocks.

Analyzed product licensing compliance for multi-state sales.

Performed financial analysis, P&L reviews and statutory compliance.

HARTLEY & PARKER, LTD, INC., STRATFORD, CT

Assistant Controller – March 2005- January 2008

$100 Million Wholesale Distributor of domestic and imported liquors & wines. Reported to Principals.

Managed financial process through Trial Balance including account reconciliations and analysis.

Supervised accounting department involving accounts payables, receivables, and payroll.

Improved cash collections & developed electronic A/R statement process.

Tax preparation and reporting for Sales & Use, Beverage and Payroll Taxes.

Interface with external Auditors involving financial work papers and account analysis.

MAIN ENTERPRISES, INC., STRATFORD, CT

Controller – October 2003 to February 2005

$ 7 Million Construction Contractor / Subcontractor / Service provider of HVAC & Plumbing. Reported to Principals on financial results and planning. Work projects analyzed against estimates.

Managed General Ledger and financial performance. Supervised human resource functions.

Generate percentage billings & WIP estimations involving AIA and T&M contracts.

Prevailing Wage reporting, CCIP, & operating performance evaluations.

Randall W. Stewart

DEVIVO INDUSTRIES, HI-RISE RECYCLING, INC., WATERBURY, CT

Division Controller / Acting Consultant -May 2003 to September 2003

$10 Million Manufacturer of waste recycling equipment emerging from chapter 11.

Implemented internal control procedures over A/R, A/P, and Inventory with 50% error reduction.

Improved cash cycle 30% through coordination of team collection effort.

Reduced monthly closing timeframe with improved financial integrity and information reporting.

Performed timely reconciliations involving balance sheet, P & L, and subsidiary ledgers.

Achieved $250K in property tax abatements working in conjunction with the NVDC.

RF TECHNOLOGY DIVISION, VISLINK PLC, NORWALK, CT

Controller (1996 to 2002) acquired competitor and merged division.

$8 Million TV Broadcasting Manufacturer and solutions provider. Achieved division’s turn-around performance by re-engineering of the business process improving efficiency and reducing expenditures.

Executed merger of RFT Division with UK & US entities ahead of timetable with 20% cost reduction.

Produced financial statements with comparisons to budget and rolling forecasts.

Managed Bank Relations, Risk Management, Audits, Contracts, Logistics, L/C’s, Treasury, General Ledger, Cost, A/P, A/R, Payroll, & Taxes. Interfaced with Customers and Suppliers.

Achieved 30% reduction in A/R balances through revised credit policies. Bad debts reduced 75%.

Purchasing oversight and negotiated vendor cost and delivery concessions with 15% savings.

Reduced inventory value and volume 25% through demand-pull and just-in-time management

Implemented repair policy and minimum billing structure resulting in 50% after market margins.

Job costing within a standard cost engineering/manufacturing environment.

Key Contribution Areas:

Treasury /Cash – Spot purchases of foreign currency produced $50K gains. Letter of Credit Transactions.

Cost – Spending, volume and performance variances identified and controlled with 20% improvement.

Systems - Implemented full MRP, demand-pull, Y2K system. All supporting modules interfacing.

Taxes - Reduced municipal taxes 20% by conducting fixed asset retirement and replacement reviews.

Audit – Supported external year-end audit efforts and implemented review recommendations.

401(K) Administrator – Increased participation and employee satisfaction by 20%, benefiting HCE’s.

Logistics – Reduced costs of import & export transactions, freight and duty, by 25%.

SPECIAL SKILLS:

Proficient with Windows, Excel, and Word. Experienced with Great Plains Dynamics, QuickBooks, AS400, Maxwell, Profit Key, Platinum, MAS90, and ADP software’s.

NOTARY – State of Connecticut

EDUCATION:

Magellan Controller Conferences & IFRS Training – 2008 to 2015

Lean Enterprises Six Sigma Green Belt –Tunxis Community College – 2003

Dale Carnegie Leadership / Management Training

MBA Accounting, University of New Haven, New Haven, CT

BS Accounting, Sacred Heart University, Fairfield, CT

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