James S. Blair Sr
P.O. Box *** ( Stephen, MN ****7
507-***-**** ( acy2vh@r.postjobfree.com
Financial
Delivering 20%+ gains in productivity and 25%+ cost reductions in start-up,
high growth
and turnaround environments in the renewable energy and manufacturing
sectors.
Executive with 20 years of corporate accounting and management experience.
Expertise in accounting systems development, fiscal management and
financial reporting. Proven record of developing and implementing
financial and operational controls that improve profit and loss account.
Formidable record of manufacturing improvements and organizational
restructuring. Experience with developing banking and board relationships.
Strategic Planning ( Operations Management ( Performance Metrics ( M&A
Analysis
Capital Raising ( Regulatory Compliance ( Financial Management / Public &
Private Companies
Budgeting & Forecasting ( Team Leadership ( Change Management
professional experience
Minn-Dak ASPHALT InC. Thief River Falls, MN (
2015-Present
Road Construction/Asphalt Company
CFO
Increased the utilization of existing accounting system. Implemented cross
training and development of standard operating procedures for the
accounting staff. Led the restructuring of a debt refinancing package.
Coordinated the completion of month end and year-end financial statements.
. Facilitated the monitoring and control of cash flow.
. Developed and monitored internal controls for GAAP compliance and risk
mitigation.
. Create forecast, budget for banking covenants and bonding
. Work with firm to complete audit and tax
. Focused on collection of accounts receivable
. Utilize cost monitoring controls to determine departmental profitability
. Led a 3 day team building session for leadership team
Northstar agri industries Hallock, MN (
2011-2015
State of the art canola crushing facility
Controller
Led the selection of IT and financial system with a vision for multiple
locations. Selected and trained the staff of 5. Provide financial
leadership for the facility. Facilitate the preparation of month and year
end financial statements. Serve as liaison for community relations.
. Manage day to day seed procurement activities, create procurement and
hedging strategies.
. Developed system to account for derivative instruments and hedging
activities on a monthly basis
. Created matrix for internal and financial controls as part of a publicly
traded company.
. Create forecast, budget for banking covenants and operating goals
. Led audit for a division of a publicly traded company
. Issued timely month end and year-end financial statements
. Developed strategic operating metrics and reporting mechanism
Latex International
Shelton, CT ( 2009
Leading manufacturer of latex mattress components and foam pillows.
SVP, Operations & Finance
Led 165-member LEAN manufacturing team spanning 3 facilities in the US and
UK. Created and monitored daily production metrics to drive productivity.
Recruited/developed leadership team (5 director-level reports) and
administered $150M operating budget. Provided guidance to Finance
Department as a result of prior CFO experience, including tax planning
strategies and costing methodology.
. Established P&L's, budgets and inventory control for individual
facilities
. Saved $750K through a risk mitigation strategy for natural gas purchases.
. Controlled costs to improve operating profit by 2%
Renewable Energy Resources (REER)
Tampa, FL ( 2008
Publicly traded company that purchased/operated alternative energy (ethanol
or biodiesel) facilities.
VP, Operations
Recruited to spearhead M&A opportunity analysis with intention of leading
acquired Operations team. Assembled data for SEC filings, including but not
limited to 10K, 8K and 10Q.
. Evaluated numerous projects from an operational, financial and practical
perspective. Shortcomings of projects did not merit completion of
acquisitions or mergers.
Core Ventures Renewable Fuels
St. Paul, MN ( 2005-2008
$2M consulting firm specializing in renewable fuels. Provided project
evaluation, financing, operational support, and design/build services.
Developed management teams for plants.
Chief Financial Officer
Manage all financial and accounting functions. Reviewed project
opportunities, led construction, and operations of a $85M biodiesel plant.
Raised capital and established financing of $50 million.
. Financial and Strategic Planning
. Cash Flow Management and modeling
. Developed facility SOP, including HR and Finance processes and
documentation.
. Selected IT system to interface with Operations and Finance.
. Established costing model and daily metrics which enabled company to
become the low cost producer.
. Budget Development and Management
SoyMor
Albert Lea, MN ( 2004-2005
$100M cooperative that leveraged soy bean value.
Chief Financial Officer
Raised capital and established financing of $50 million. Built
organization's infrastructure, including design, hiring 35 staff,
technology selection, and project management of a lecithin fractionation
facility and a biodiesel plant. Created policies and processes across
functional groups including compliance with SOX.
. Raised $22M and structured bank debt on a $50M biodiesel plant. P&L
Management
. Generated $12M+ in operating profit in 1st year of operation.
. Cash Flow Management and modeling
EXOL
Albert Lea, MN ( 2002-2004
$100M dry mill ethanol production facility with 30 employees.
Chief Financial Officer
Led all financial and accounting functions as well as HR and IT. Emphasis
on understanding costs and developing meaningful performance and financial
metrics. Managed 4 reports across A/P, A/R, Payroll, HR and IT
. Added a minimum of 1% operating profit by developing a costing model and
daily metrics that enabled company to be the low cost producer in the
industry.
ACROMETAL COMPANIES
Brainerd & Albert Lea, MN ( 1998-2002
Progress Castings, 2000-2002
$80M producer of aluminum products for military, aerospace, and industrial
use.
Division Controller
Promoted to lead change in leadership style, philosophy and management for
2 geographically separate facilities. Directed all financial and
accounting, and oversaw HR and maintained union relations. Led 9 staff
members.
. Facilitated auditing and compliance
. P&L Management
. Led system implementation of Oracle.
AcroTech Midwest, 1998-2000
$20M plastic blow mold manufacturing facility. Top division of the 7
AcroMetal companies. (130employees.
Controller
Co-led (with executive team) development of a more dynamic and assertive
management style, philosophy and team. Managed all financial and accounting
functions, including financial statements, costing, budgeting, and
receivables/payables, and payroll. Supported HR and IT, plus 4 reports
across A/P, A/R, Payroll, HR, and IT.
. Drove up sales 30% by adding shifts and running 7 days per week.
Increased margins by lowering labor costs by 10%.
. Generated $250K+ in savings by managing energy consumption and purchase
of electricity and gas.
. Saved $100K annually by cutting inventory 25%, and establishing blanket
POs and JIT orders.
. Led upgrade of IT system to support Y2K.
PRIOR EXPERIENCE:
Diverse Finance and Operations roles in the dairy and liquor industries.
EDUCATION
Currently studying for the Series 3 Exam
MBA, University of Wisconsin at LaCrosse, LaCrosse, WI, 2002
BS, Economics with emphasis in Accounting, Macalester College, St. Paul,
MN, 1985