Real Estate Manager
Resume:
Michael P. Boyer
*******@*******.***
Overview: A motivating team leader, experienced in transition planning, business acquisitions, measured growth, turnarounds, finance, monthly reporting, cost systems, budgeting, forecasting, and accounting system implementation and management.
EXPERIENCE:
Paul Miller Trucking, Inc – Transportation & Logistics - $35m annual revenue, Camp Hill, PA – CFO February 2015-November 2016
Hired to restructure antiquated accounting department utilizing Great Plains and Microsoft Dynamics, along with TMW Systems a transportation-specific software package.
Reduced month end reporting process from 20 days to 10 days within first 3 months, providing more timely and accurate information
Obtained all financing to grow fleet by 30%
Identified multiple cost saving and growth opportunities and outlined process for realization
Aided ownership in navigating turnaround/workout/sale options including preparation of all due diligence and bank reporting after loss of major customers and failed growth initiatives.
May 2013 – February 2015 – Planned, opened, and operated small upscale brewpub offering fine dining and traditional beer styles
The Jay Group – Call Center/Fulfillment - $50m annual revenue, Lancaster, PA – CFO. July 2012 – May 2013
Hired to assist successful merger of company in severe financial duress.
Managed workout situation with local bank
Worked with investment bank to identify and weed out potential merger/sale candidates
Executed austerity program to manage cash flow while Line of Credit frozen
Franklin Reality Development -$100m Annual Revenue, Blue Bell, PA – CFO. December 2009 – March 2012
Contracted as consultant to realign finance department and bring cash flow expertise to challenging commercial real estate market for $170 million real estate developer
Implemented restructuring plan, eliminating wasteful processes and costly overhead within first two months of engagement
Created weekly cash flow projections, taking into account rent rolls, debt service, investor distributions and operating expenses
Coordinate all relevant cash flows for current $16 million project to construct 165 apartment units in Central Pennsylvania
Bent Creek Country Club - 600 members, Lancaster, PA, Controller/Consultant. August 2008 – December 2009
Engaged as consultant to assist during transition after Controller and General Manager were terminated during summer of 2008
Established internal controls and accounting procedures previously not in place
Assembled operating budget for new fiscal year along with new General Manager for presentation to Board of Directors
Reconciled general ledger accounts for 3 year period after prior controller neglected to do so
Prepared financials for review from outside accountant from 2006 to present
Trained staff accountant to perform payroll processing and general accounting functions
Transitioned position and department to replacement staff at significant cost savings to club
Frey Lutz Corp, $45m Mechanical Contractor, Lancaster, PA. CEO/CFO. May 2001 – May 2008
Hired by former consulting client to devise and execute succession plan for current management, including retirement of shareholders, retention of key employees, and creation of employee incentive plan
Implemented turnaround strategy resulting in return to profitability in 18 month timeframe
Successfully executed management buyout including admission of 20 new employee-shareholders, raising $1.6 million of shareholder capital and placing traditional financing of $6 million
Developed and implemented software integration for CAD, estimating, manufacturing and accounting systems.
Acted as outsourced CFO to assist owners to purchase company in 2000. Continued as outsourced CFO up to being hired as W-2 employee.
ASK Foods, Inc, $26 million Food Manufacturer, Lebanon County, PA. Chief Financial Officer. March 2002 – April 2005
Developed turnaround plan while working as a consultant (through Kuntz Lesher) to allow business to experience eight-fold increase in net income.
Recast term debt to allow for better cash flow and exit from workout situation with primary lender.
Revised monthly financial reports and implemented month-end close process resulting in financial statements being available within 2 days of the end of the accounting period.
Implemented employee incentive program based on profitability which resulted in significant bonus pool for two years.
Reinsel Kuntz Lesher, 10 partner, 60 professional, Lancaster, PA. Business Advisor. May 2000 – August 2003
Hired to assist in developing the consulting division for the firm.
Spearheaded acquisition of $60 million mechanical contractor, including creation of Letter of Intent and Agreement of Sale, negotiation of terms with seller, and financing of purchase price on behalf of buyer.
Authored Offering Memorandum for real estate developer seeking to raise $4 million for office/warehouse development projects.
Provide various cost analysis functions for manufacturing clients, including, but not limited to, make-or-buy decisions, pricing guidelines, cost systems development and implementation.
Aid clients in all aspects of merger and acquisition related functions, as well as business turnarounds.
United Steel Products, $56 million steel fabricator, Stroudsburg, PA. Controller. December 1999 – May 2000.
Implemented first reconciliation of cash accounts on a monthly basis utilizing JD Edwards software package, including documentation of procedures to allow for clerical reconciliation in subsequent months.
Provided external auditors with comprehensive year-end audit package including workpapers for all balance sheet accounts, resulting in 60% reduction of field audit time.
Identified, purchased and installed expense reporting software package to facilitate timely and accurate recording of monthly expenditures.
Proposed plan for reimplementation of JD Edwards software package after initial installation results proved less than effective. Successfully completed reimplementation, including complete structuring of chart of accounts to better display operating results.
Southdown, Inc. $55 million Mining & Materials, Easton, PA. Division Controller. April 1997 – December 1999.
Oversaw all financial aspects of division made up of 5 locations in the Eastern United States.
Supervised professional staff of 5 and additional clerical staff of 10.
Performed due diligence for 2 acquisitions during 1998 with an aggregate purchase price of $50 million. Compiled all opening balance sheet transactions and developed and implemented transition plan.
Responsible for all budgeting and forecasting for entire division, including income statements, balance sheets and statements of cash flows.
Developed costing systems for entire division, transitioning from standard cost to average cost, using Infinium software to accomplish all cost reporting.
Chosen as project leader for software migration from Oracle to Infinium, completing migration in 6 months.
Coordinated $6 million cap-ex program for all 5 locations, including IRR calculations and make-or-buy analysis.
Brazos Sportswear Inc. $200 million licensed apparel company. Millersburg, PA, and Staten Island, NY. Division Controller. March 1994 – April 1997.
Divisional controller for $4 million embroidery and $30 million licensed apparel plants.
Developed complete costing system for one of the nation’s top 20 embroiderers.
Packaged the embroidery plant for sale to Brazos in 1996.
Retained by Brazos to aid in acquisitions, specifically Staten Island purchase.
Created and implemented turn-around plan for embroidery operation, resulting in average monthly operating income of $200,000, versus prior monthly losses of $400,000.
Initiated and maintained relationships with two major Pennsylvania banks.
Developed cash flow forecasting model to aid in running business during seasonal downturns.
Reinsel Kuntz Lesher, Lancaster, PA. Staff Accountant. January 1993 – March 1994.
Performed auditing and tax services for clients, specializing in property management, manufacturing, and textiles.
Prepared partnership returns for property management company comprised of thirty separate partnerships averaging 50 partners each.
Recruited by Needleworks (Brazos Sportswear) to join management team.
Education: Lebanon Valley College – B.S. Accounting
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