BARRY ARNOLD

Finance/Manufacturing Controller

760-***-****

Functional Skills Background

Finance - Controller:

Financial Statements generation and presentation on a monthly basis (Balance Sheet, P&L. and other reports as necessary). Included Multi-site operations, which included China operations.

Performed Monthly/Quarterly/Annual Financial Forecasts.

Review of daily/weekly/monthly A/P, A/R, GA and PR functions while supervising up to 8 individuals who performed these tasks.

Generated/reviewed Policy/Procedures based on GAAP and Sarbanes-Oxley requirements.

Lead in Annual Company Budget Preparation and presentation, monthly analysis.

Develop and produce mission-critical analytics, operating metrics and standardized reporting on a Daily, Weekly and Monthly basis.

Perform daily cash management tasks as well as weekly, monthly projections.

Company lead in financial audits – for bank and year end external CPA’s. Included preparation of schedules as required.

Established/Monitored Fixed Asset Reports (FAS system plus others).

Lead in multiple software (fully integrated) system conversions.

Manufacturing:

Established/reviewed BOM’s & BOR’s on an ongoing basis based on establishment or changes made by engineering, material purchases which included assigning standard Material, Labor/Machine Rates, Overhead (Fixed/Variable) Rates by department (Work Center) operations, and entering them into company ERP system. Revised on as needed basis.

Assists in the training of manufacturing personnel in their day to day operations where necessary while documenting or reviewing written procedures. Lien Manufacturing based.

Helped in defining Inventory Management operations (including Inventory location and flow for the manufacturing process).

Established/audited cycle count and physical inventory process.

Trained manufacturing, material procurement personnel, in understanding monthly manufacturing variances (PPV, Work Order, Scrap variances).

Established/Reported E&O information on a monthly basis.

Other:

Intermediate to Advance Experience in Microsoft software – Excel, Word, Power Point

Multiple software conversions and use.

Chronological Employment:

11/10/15 – 06/08/16 Greenbrier Rail Services Division Operations San Bernardino, CA

($36MM manufacturing company repairing of used railroad wheels)

Plant Controller

Responsibilities include maintaining daily financial activity information while closing the books in three - four days which included presenting MD&A commentary. This information was supplied, within SOX Compliance, to corporate headquarters each month, quarter, and annual basis. This included the preparation of a P&L Bridge report on a weekly basis used for forecasting month end financial position which was presented to corporate finance staff as well as other division controllers. I was responsible for supervising three individuals (A/P- Payroll/HR corporate representative clerk; Material/Freight/Work Order closure processing clerk; Shipment/Invoicing clerk. I was also responsible for the analysis of Inventory on a weekly and monthly basis to include semi-annual physical inventories. I also supplied information to corporate as required.

10/02/14 –11/05/15 Tatum Consulting/On my own - Contract Consultant

Generating finance and manufacturing policy and procedures for a few manufacturing organizations; Financial reviews (Balance Sheet review) for companies yearend process; other financial (general and mfg operations which included assigning and review of product costs) as required by organization.

06/19/09 – 10/02/14 Edelbrock LLC Torrance, CA

($125MM manufacturer and distributor of aftermarket automotive parts.) (Multiple Sites)

Controller – Corp/Manufacturing

Responsibilities:

General Accounting – Provide complete financial reporting (BS and P&L) and analysis to CFO and Mfg. operations on a monthly basis while also presenting a revised forecast to annual budget for future periods. Supervisor of personnel in the A/R, A/P, Manufacturing Analyst, and General Accounting positions. Project manager for annual Budgets preparation and presentation. Lead for annual external CPA and Bank Audits. Develop and produce mission-critical analytics, operating metrics and standardized reporting on a Daily, Weekly and Monthly basis. Cash Management daily reporting for Staff and banks.

Cost (manufacturing) Accounting – Audit of Mfg operation process which included evaluating and restructuring of BOM’s and Routers for existing and new product as necessary; Establishing and ensuring accuracy of inventory standard costs (Material – working with procurement; Labor – Time and Motion Studies (Manning time combined with machine time); & OH – Budgeted Fixed and Variable Overhead); Monthly review of manufacturing related variances (PPV, Labor, OH).

Accomplishments:

Reduced month end closing from 23 days to 3 days.

Generated financial policies and procedures. Reviewed manufacturing ISO established procedures.

Revamped presentation format and converted from Excel Financial (Exported Presentation) to Oracle generated financial presentation

Established accurate product costs, while defining BOM’s, BOR’s and OH. Revised adjusted list pricing where necessary to meet company recommended GM percentages.

Initial reconciliation of Perpetual to book inventory. Breaking out Inventory Reserves which resided in the book inventory and not segregated. This resulted in a revision to the 2008 audited financial and an adjustment to the then 2009 financials as of June month end.

Training of manufacturing, accounting and management personnel where and when necessary in the operation flow which led to a better interpretation of financial information and more efficient business decisions.

Establish cycle counts process while making sure task is performed properly on a daily basis as well as defining the proper root cause of the inventory adjustment, and making necessary changes to the processes as needed. This resulted in the elimination of the annual physical due to high percentage of cycle count accuracy (from an initial 57% to a 97%).

Due diligence in helping establish/maintain financial information for manufacturing/distribution satellite site in N.C. (2012 for business beginning in 2013).

10/09/06 – 06/12/09 Halex Corporation Pomona, CA

($120MM manufacturer of sub-flooring and tack strip for the carpet industry) (Multiple Sites)

Controller

Daily Financial Operations (includes Month End Financial Reporting), Budgeting process, Forecasting;

Responsible for gathering monthly sister companies International (China) financial information for producing Halex Consolidated Financial Statement. Reconciliation of Intercompany transfers schedule and journal entry.

Cost Accounting – Responsible for Bill of Material creation/inventory structure and auditing of mfg variances analysis; Defined and maintained cost of products resulting in increase of list prices and larger margins by as much as 3% to 12%.

Implementation of Capitalized Process Generation Flow - from Inception to Finalization.

Generation of Written Policy & Procedures (fashioned after Sarbanes-Oxley).

Cash Management daily reporting for Staff and banks.

Accomplishments:

Set up an inventory locator system within resident building and software and implementing manufacturing material flow while reviewing BOM’s, BOR’s and making changes where necessary.

Total reorganization of Financial Structure and Reporting Process resulting in an improved month end closing process from 76 days to 3 days.

Project lead for change in operating software.

02/28/2005 – 10/06/2006 Robert Half & Associates (Management Resources)

(Contract projects)

Sarbanes-Oxley (Written Procedures; Performing Management Reviews Multiple Companies) – Processes include making control recommendations which were in many cases initiated by the client.

Involved with and review of and recommendation of Company Software Conversion.

Assist in company yearend financial review and reporting process prior to and during Outside Audits.

Engagements that consisted of daily financial operations that included revenue reconciliation, account reconciliation’s, fixed asset maintenance, month end closing process through financial statements, and other tasks as assigned.

06//19/2000 – 02/25/2005 Aquarius Brands, Inc. Ontario, CA

($27MM manufacturer of irrigation systems product) (Multiple Sites)

Vice President – Controller

Responsible for the daily financial operations through and including Financial Reporting as well as maintaining cost, manufacturing operations.

Accomplishments:

Auditing of company financial performance during down sales year resulting in a yearend profit level that exceeded the prior year and the projected year (4% Profit vs. projected 3% loss for the year). Continued to show positive profit in spite of down market. With changes made became leading company for improvement in the parent company structure.

Integration - Acquisition of acquired company in Jan. 2004

Integration – Sister Company (Injection molding) into Aquarius Brands in March, 2004

Project Manager – Sarbanes-Oxley Implementation.

Conversion from Average Actual Cost System to Standard Cost System.

Project Manager – Finding and Implementation of ERP Software (Five month project)

Education:

Bachelor of Science – Woodbury Los Angeles, CA

Computer Knowledge:

Fully Integrated Operating Systems – Syspro, Oracle (v11.10), MAS 90/200, Made2Manage, Fourth Shift; FAS (Fixed Asset System); Microsoft Office (intermediate to advanced knowledge) - Excel, Word, PowerPoint, Visio

Contact this candidate