Financial Management
Resume:
John G. Kittle, MBA
Nashua New Hampshire 03062
I am an experienced hands-on, roll-up your sleeves Senior Level Corporate Officer, and have had the good fortune of gaining experience in a variety of industries and market segments many with multiple global locations as well Manufacturing/Distribution/Service companies with Multi-product/process needs.
I have a thorough working knowledge of MS Office Products, as well as strong capabilities in a number of systems including but not limited to; Intuit ERP, SBT(ACCPAC), Macola, Great Plains and QuickBooks, to name a few. I have also managed/administered the IT infrastructure with previous companies I have enjoyed working in as well as managing the human resources function to include all benefits administration.
I worked closely with the CEO in our first - LBO early in my career (NYCOA) and since that time have concentrated on highly leveraged situations and turnarounds which have been privately held by either individual investors, private equity investment firms or a combination. I have enjoyed a number of successes.
I have participated in capital raising efforts at a number of private equity firms in New York City, in Boston and throughout Massachusetts. I have partnered with fellow senior managers in presentation’s that have been successful in raising both debt and equity monies including the purchase and sale of deals up to $30 million.
I have an impressive and diverse background which, when combined with a number of years of experience as a Financial Officer, position me to act proactively on behalf of an organization and resultantly be a well-qualified addition to an executive team. I am an experienced hands-on, roll-up your sleeves Senior Level Financial Officer, and have had the good fortune of gaining experience in a variety of industries and market segments many with multiple domestic and global locations as well Manufacturing/Distribution/Service companies with Multi-product/process needs. I am also well versed in Budgeting, Forecasting and Financial Planning and Analysis.
I genuinely appreciate any and all courtesies extended on my behalf and would like to thank you for your time and consideration.
My Thanks and Highest Regards
John G. Kittle
Contact Information:
1-603-***-**** (Cell)
*********@***.***
John G. Kittle, MBA
Nashua New Hampshire
*********@***.***
EMPLOYMENT HISTORY:
September 2013 North American Training & Logistics (NATL)
- May 2016 41 Industrial Drive
Exeter, NH 03833
Chief Financial Officer NATL is a privately held multifaceted provider of ammunition to domestic weapons manufacturers as well as ammunition and military stores internationally. I joined NATL in September of 2013 with the mission to work with senior management to change the company from a small privately held lifestyle organization to a structured/disciplined organization prepared for the next level.
1.) Implemented internal controls
2.) Instilled structure, order and discipline throughout the organization.
3.) Established performance monitoring metrics.
4.) Put in place a daily dashboard of key indicators.
5.) Developed Pricing, Costing and Margin models.
6.) Designed and implemented benefit packages.
December 2009 Defense Contract Management Agency (DCMA)
- September 2013 2 Wall Street
Manchester, NH 03101
Price/Cost Analyst Defense Contract Management Agency (DCMA) is the (DoD) component that works directly with Defense suppliers/contractors to help ensure that manufactured goods are delivered on time, at projected cost, and meet all performance requirements. I was responsible for the accurate costing and pricing of these manufactured goods for New Hampshire, Western Maine and North Eastern Massachusetts. I also provide negotiation positions and support and worked as a DCMA Cost Monitor at BAE for the final 12 months of my tenure.
January 2008 InterAir Media
- May 2009 West Palm Beach, Florida
Contract/Part-Time CFO Specialist in Air Line Travel Advertising – Start-up
Established data collection and reporting format.
Formalized margin analysis for use in effective pricing & market determination
Developed 13 week and 12 month Cash Projection Model to insure smooth vendor relations.
2007 closing and 2008 closing procedures and reporting
December 2005 Fulfillment Plus, Inc
- September 2007 Westborough, MA
Chief Financial Officer $20 to $25 million multi location - contact and fulfillment operation – B2B & B2C
Returned as the CFO at the request of the CEO to position the company for sale and complete the exit strategy
Accomplishments: Implemented cost analysis and reduction program saving in excess of $400,000 per year.
Partnered with CEO - Bank Exit & Successful Re-capitalization (two rounds)
Put Business Unit reporting and Profitability review in place for proper Strategic Planning.
Successfully relocated Finance Organization from California to Massachusetts & staffed entire need.
John G. Kittle page -2-
March 2003 Bomar Industries International, Inc.
-September 2005 Lakeworth, Florida
Chief Financial Officer $ 15 + mil. Manufacturer & importer of domestic home furnishings
Accomplishments: Instrumental in cost reductions of more than one-half million $’s annually
Devised system for door-to-door inventory tracking and control
Developed costing system while implementing methods for improved efficiency
Established purchasing policies and procedures
Designed and implemented a daily, weekly and monthly (operational as well financial) metric reporting system for submission to the shareholders and the BOD. Used to drive the business and improve the overall profitability. Models for Capital restructure, budgets, forecasts, cash projections & covenant calculations. Successful owner transition as well as the merge of an additional acquisition.
2001- 2003 Nylon Corporation of America (NYCOA/FIAT)
Manchester, NH
Consultant Returned as a contract consultant at the request of FIAT
Accomplishment: Wrote ‘Confidential Descriptive Memorandum’ for the purpose of marketing the company for sale. I completed the memorandum and was successful in arranging for the sale of the company to a private equity firm.
2000 – 2001 Fulfillment Plus, Inc
Westborough MA
Vice President Finance $50 million multi location - contact center and fulfillment operation – B2B & B2C serving predominantly the telecommunications industry
Accomplishments: Developed Costing Models for pricing.
Improved operational efficiencies both within the financial arena as well as all other functional areas by eliminating redundancies thus saving in excess of $190,000 per year
Implement company-wide policies and procedures for internal control.
Bring operational value to financial information providing management with much needed info to successfully drive the business.
Capital Raising Efforts throughout the North East.
1999 – 2000 Precitech Precision, Inc.
Keene, NH
Interim – CFO $18+ million Ultra-Precision Mach Tool Manufacturer – UK Financed
Accomplishments: Teamed with CEO on all strategic initiatives while completing 1998 & 1999 year-end
closings and audit.
Worked with senior management to establish O/H applications, margin calculations and cost-
ing methodology.
Revised management reporting with regards to costs and financial statements for maximum operational value
Introduced cycle counting – inventory accuracy from totally unreliable to 97.5%.
Improved cash flow through forecasting and controls.
1997 – 1999 NPC, Inc.
Milford, NH
Chief Financial Officer $15+ million Manufacture of Industrial Machinery, Diamond Bits & Rubber Moldings servicing the construction and concrete industries
Accomplishments: Critical player (one in four of the senior team) in ‘business divestiture’ & exit diligence.
Instrumental in reducing debt by $ 4.3 million in 18 months
Key role in earnings growth from 19% to 27% of sales from ’97 to ’98
Important role in facilitating the turnaround Renegotiated financing
Management Information Systems upgrade
Positioned payables to take discounts for the first time in the company’s history
Reduced DSO from 59.4 days to 47.4 days
Prepared and presented (to potential buyers) all financial data for the sale of the company.
Closing Sale calculations and new opening balance sheet.
John G. Kittle page -3-
1993 – 1997 Financial Management & Consulting (Self Employed)
Accomplishments: Assisted founders of a Hi-tech start-up with initial financial controls, systems and bank financing
Raised $13.5 million (debt & equity) for the acquisition of a business unit of Analog Devices
Worked closely with key executives through the successful separation from a parent (Goulds Pumps.)
Supported the efforts of the CEO by arranging for $ 2.2 million in financing for a food processing company
1983 - 1993 Nylon Corporation of America (NYCOA/FIAT)
Manchester, NH
Corporate Controller/CFO $20 to $25 million manufacturing and sales organization Chemical Process - Nylon Mfg & Sales)
Accomplishments: a. Played an instrumental role in changing the Corporate debt position of this LBO from
$5+ million negative in August of 1983 to cash positive by November of ‘86.
b. Restructured the corporate debt through discounting, negotiating and arranging for a $4.2 million loan within my first 5 months. Resultant first year savings, over $ 980,000
c. From 1988 through 1990, I worked closely senior manage and numerous due diligence
teams for positioning, evaluation and sale of the company to a large foreign host.
d. Completely automated and fully integrated all sales, financial and production
reporting and inventory control systems (prior to which were all manual.)
e. IBM System 34 to System 36 and to IBM AS400 conversions
f. Improved collection efficiency by 38%
g. Restructured workers compensation contract from premium basis to self-insured
managed-compensation (Annual Savings $70,000 to $75,000.)
Day-To-Day Responsibilities during my tenure:
Bank reporting requirements, dealings and contacts Human Resources and Benefit Administration to include Profit Sharing.
Work with tax consultants, attorneys, Big 6 audit firms for year-end audits.
Cash management, commercial insurance, and information systems as well as all general and cost accounting
EDUCATION and OTHER
M.B.A BS Business Administration (Accounting Concentration) Southern New Hampshire University University of Massachusetts
Manchester, NH Lowell, MA
3.4 GPA “Magna Cum Laude” (3.73 GPA ACC) - 3.5 GPA
Recipient: TVA Award - for academic excellence
DoD – Defense Acquisition University
DAWIA Level II Certification - Contract Management
2009-2013
SECRET CLEARANCE Honorably discharged United States Military
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