Accounting Construction
Resume:
MICHAEL HUTCHISON, CPA, CGMA
Lafayette, La *****
*******@*****.***
SUMMARY
A Senior Finance and Accounting Executive with over 20 years of experience in solving complex problems for project oriented organizations including Industrial, Construction, and Oilfield Services companies. A solid record of adding value to organizations through analysis, increased efficiency in operations, reducing back office costs and improving internal controls. Extensive experience with Percentage of completion schedules, Project analysis, HR, IT, GAAP Financial Reporting and Software implementation and usage.
PROFESSIONAL EXPERIENCE
Pine Island Chemical Solutions & Clearflow Solutions, LLC
Chief Financial Officer, Lafayette, La October 2014 to Current
Pine Island and Clearflow are a pair of Oilfield Service companies. Pine Island is a chemical manufacturer and distributor focusing on production and Salt Water Disposal (SWD) well chemicals. Clearflow provides water filtration units and filters for the oilfield and industrial markets.
Manage all accounting functions for pair of businesses, including documenting existing procedures and creating new ones to standardize the accounting and finance functions.
Assist operations personnel with standardization of routine functions to simplify their roles and allow for expansion of business with same personnel.
Prepare all bank reporting and periodic reports for management.
Move all travel and expense (T&E) reporting from manual reporting to Expensify cloud based solutions.
General management of out sourced HR/Payroll services and IT function.
Review of documents including MSA’s, customer contracts, vendor contracts, real estate and other legal documents as needed. Evaluate risks associated with these documents and recommend changes per the risk ownership is willing to accept.
Offshore Cleaning Systems & Ecoserv, LLC
Chief Financial Officer, Lafayette, La January 2011 to March 2014
Hired to become the first CFO of a Private Equity owned platform business. Offshore Cleaning Systems (OCS) is a privately held oilfield services business with revenues ranging from $21 to $27 million dollars. OCS was merged into Ecoserv in March of 2014. Ecoserv is a new Private Equity owned company formed to acquire Newpark Environmental Services (NES) from Newpark Resources, and merge OCS in with that business to create the premier environmental and cleaning business for the oilfield. Ecoserv is approximately $100 Million dollars in revenue.
Worked with both OCS/Ecoserv senior management, the Board and the PE firm to effectively manage growth.
Directly managed integration of the two businesses for all Accounting, Finance and IT functions. Build out IT and Accounting infrastructure to operate as one business. Redesign the billing system to operate with much less manual intervention, with potential savings of between $200 and $250K.
Reviewed all Master Service Agreements (MSA) for commercial terms and review liability in the absence of corporate counsel. Review other contracts as needed.
Directly managed implementation of new accounting software package and new CRM package. Moved from QuickBooks to Viewpoint Job Cost accounting software.
Due diligence of potential acquisition candidates. M&A write-ups for the board, and other research as needed.
Prepared of annual strategic plan and quarterly updates. Monitor performance vs. plan and take appropriate steps to correct deficiencies. Report to the board and bank monthly.
Managed preparation of monthly GAAP financial statements and analysis of company results vs. plan.
Responsible for annual audit of OCS and report of results to PE firm and bank.
Helped create job cost reporting and streamline monthly/yearly close process. Achieved an 11 day reduction in month end close time. Reduced overdue A/R balances by 16%.
Kraft Construction Company, Inc. & Manhattan Construction
VP of Accounting, Naples, FL October 2006 to December 2010
Hired to replace current CFO upon his retirement. Kraft was a privately held General Contractor with revenues (FY 2009) of over $260 million dollars. Kraft was acquired by Manhattan Construction Group in August of 2008. Hands on leadership for all finance support of the business including site and sales support, contract review and other out of office activities as required.
Worked with both Kraft and Manhattan personnel to reduce overhead costs during 2008 recession. Help with opening new lines of business such as Infrastructure and Federal contracting.
Worked with Incumbent CFO and Insurance providers and Surety companies to insure Kraft and provide adequate surety capacity.
Managed preparation of Percentage of Completion schedules, final approval of any changes.
Directly managed implementation of new accounting software package (Computer Guidance Construction Accounting software) and new CRM package (Salesforce.com).
Prepared of annual strategic plan and quarterly updates. Monitor performance vs. plan and take appropriate steps to correct deficiencies.
Managed preparation of monthly financial statements and analysis of company results vs. plan.
Responsible for annual audit of Kraft as well as the review of 2 affiliated entities.
Helped improve and streamline project reporting as well as monthly/yearly close process. Achieved a 20 day reduction in month end close time. Reduced overdue A/R balances by 18%.
The Shaw Group
Controller, Lafayette, LA July 2000 to October 2006
Controller for industrial services contracting and oilfield construction subsidiaries of The Shaw Group, a multi-billion dollar publicly traded engineering and construction company based in Baton Rouge, La.
Established accounting principles and procedures for Mexican subsidiary.
Directly managed overhead budgets to a 12% increase while company grew more than 100% in size by revenues.
Led the Sarbanes Oxley compliance efforts for the 2 companies. Total revenues of the 2 Shaw subsidiaries varied from $60 – 100 million dollars per year.
Managed accounting and strategic planning for multiple locations across the Southeastern United States.
Prepared of Percentage of Completion schedules for Lump-sum projects.
PPM Contractors, Inc.
CFO, Lafayette, LA July 1994 to July 2000
Responsible for all accounting and financial management functions in an oilfield construction and industrial services company. PPM Contractors was purchased by The Shaw Group in 2000.
Prepared reports for Management and Board of directors and review with same on monthly basis.
Partnered with owners to implement budget, forecast and capital expenditure analysis.
Due diligence on acquisition efforts prior to purchase by The Shaw Group. After purchase, worked to integrate PPM Contractors into Shaw.
Led company wide effort to convert to new accounting system which met Year 2000 requirements and improved financial reporting. Project returned an estimated 15% ROI and allowed accelerated close process to be implemented. Trained accounting personnel in the new system.
HealthCor, Inc.
Senior Accountant, Dallas, TX March 1993 – July 1994
HealthCor was a home health care company specializing in nursing and equipment rentals
Maintained schedules and reconciliations related to IPO process.
Responsible for accurate and timely filing of sales tax returns. Improved system to eliminate late filings and incorrect coding of transactions. Improvements led to a savings of over $50,000 per year.
EDUCATION
Louisiana State University Baton Rouge, LA
M.S., Accounting December 1992
Louisiana State University Baton Rouge, LA
B.S., Accounting December 1990
CERTIFICATION AND CLASSES
Certified Public Accountant, currently licensed in Florida
Various seminars, webinars and classes on Taxes, Construction Accounting, Mergers and Acquisitions and GAAP Accounting
JD Edwards, MS Dynamics, QuickBooks, Computer Guidance Construction Software and Viewpoint Construction Software
Microsoft Office software expertise
QuickBooks ProAdvisor Certification
PROFESSIONAL MEMBERSHIPS
American Institute of CPAs
Louisiana Society of CPAs
Financial Executives International
REFERENCES
References will be supplied upon request
Contact this candidate