JEFFREY D. PATTERSON, MBA/CMA

* ********* ****

Indian Mills, NJ 08088

Mobile: 609-***-****

acz5ve@r.postjobfree.com

SENIOR FINANCIAL & ADMINISTRATIVE EXECUTIVE

Operationally oriented financial executive with a proven record of successfully streamlining operations, increasing profits and improving working capital. Extensive, broad-based experience with challenging assignments in privately held and publicly traded mid-market manufacturing and distribution organizations. Strong business acumen, collaborative management style and entrepreneurial spirit. Background includes managing the information technology, human resources and procurement functions in addition to the finance and accounting team. Recent experience with private equity ownership.

* Cash Management/Bank Financing * Strategic Planning & Implementation

* Financial Reporting & Analysis * Financial Modeling & Forecasting

* Evaluate/Implement Software Conversions * Business Process Improvements

* Cost Accounting/Profitability Analysis * Mergers & Acquisitions

* Risk Management * Audit, Tax & Legal Relationships

PROFESSIONAL EXPERIENCE

CONSULTING AND INTERIM CFO/CONTROLLER 2016 – present

Assist privately held mid-market companies with short term projects or fill senior financial executive roles as needed.

Short-term consulting assignment for PE backed distributor and recently acquired on-line retailer.

Interim Chief Financial Officer for $50M family owned power technology manufacturer.

Consulting assignment to develop a streamlined financial statement consolidation for a solar power company with a complicated ownership structure.

TRAY-PAK CORPORATION - Reading, PA 2013 - 2016

A $40M, privately held manufacturer of plastic packaging for food and consumer products.

Chief Financial Officer

Responsible for the finance, information technology and corporate development functions.

Worked with executive team to develop long-term strategic plan for the business and implemented KPI (key performance indicator) measurements.

Negotiated new financing agreement to meet the company’s capital investment requirements and to grow organically.

Developed 13 week rolling cash forecast model to plan and manage cash flow and debt.

Improved cost standards and developed customer profitability model.

Developed ERP systems strategy/roadmap with IT Director and implemented software conversion.

Created acquisition analysis model and presentation format to evaluate potential targets.

AFL WEB PRINTING – Voorhees, NJ 2010 – 2013

A $55M, private equity owned manufacturer of daily, weekly and monthly printed publications.

Chief Financial Officer

Responsible for the finance, information technology, human resources, and purchasing functions.

Negotiated several amendments to lending agreement that resulted in improved cash flow and borrowing availability.

Identified and implemented multiple cost savings and profit improvement opportunities and implemented new budgeting and planning systems.

Negotiated improved vendor terms to improve liquidity by $750,000.

Reviewed pricing on all large new business opportunities with sales team and estimating. Modified estimating process for improved metrics/reporting, pricing and profitability analysis.

JEFFREY D. PATTERSON, MBA/CMA

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API FOILS, INC. - Rahway, NJ 2009 - 2010

A $40M unit of a UK publicly traded international manufacturer of specialty foils for packaging and graphics applications.

Vice President – Finance & Administration

Responsible for the U. S. finance, information technology, human resources and purchasing functions.

Negotiated new lending agreement that resulted in group savings of $500,000 annually.

Identified and analyzed profit improvement opportunities in product line rationalization and customer profitability.

Selected for company-wide team to evaluate and plan for a software conversion project to achieve targeted company objectives.

Modified cost accounting system for improved metrics/reporting, pricing and profitability analysis.

KEYSTONE PRINTED SPECIALTIES - Old Forge, PA 2008 – 2009

A $45M private equity backed manufacturer of printed packaging for food and consumer products.

Chief Financial Officer

Responsible for accounting, finance and information technology functions as well as bank financing, audit & tax relationships.

Developed a fully integrated, dynamic five-year forecasting model for long-term financing presentations.

Completed merger & acquisition analysis, including due diligence, financing, and implementation, within 60 days.

Improved job costing system and developed customer/product line profitability analysis to evaluate and monitor strategic direction.

Developed a monthly/annual sales/EBITDA forecasting model for covenant compliance monitoring.

CENTRAL LEWMAR - Newark, NJ 2006 – 2008

A $900M private equity owned distributor of printing and publication papers and packaging products.

Chief Financial Officer

Responsible for accounting, finance, credit and collections, and information technology functions as well as asset based bank financing.

Improved EBITDA performance by $15M within 18 months combining operational improvements with increase sales performance.

Developed a 13-week cash flow and liquidity forecasting model that improved cash and debt management of a $20 million asset based line of credit lending agreement.

Evaluated and analyzed the financial impact of exiting a product line for Board of Directors.

Led a process improvement team to review, streamline and improve internal procedures.

Developed a customer/vendor profitability model to define a long term strategic plan and monitor results.

LEONE INDUSTRIES - Bridgeton, NJ 2004 – 2006

A $90M privately held family owned manufacturer of glass packaging for the food & beverage industry.

Chief Financial Officer

Managed accounting and finance organization as well as bank financing and external CPA relationships, including audit, tax planning and compliance.

Reorganized accounting and finance staff to improve efficiency and responsiveness.

Developed cost accounting, forecasting and management reporting systems to improve inventory valuation and customer pricing decisions.

Improved the quarterly closing and financial reporting cycle and instituted a 5-day monthly cycle.

Evaluated administration of company pension plans and insurance programs (employee benefit, worker’s compensation, property & casualty) saving $150,000 annually.

JEFFREY D. PATTERSON, MBA/CMA

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THE TURBON GROUP - Cinnaminson, NJ 2000 – 2004

A $65M unit of a German publicly traded international manufacturer of computer printing supplies.

Chief Financial Officer

Responsible for the U. S. accounting, finance, information technology and human resource functions.

Centralized accounting, finance & human resource activities, which improved service and resulted in an annual savings of $200,000.

Negotiated the refinancing of line of credit and term debt, lowering interest rates 50 basis points and minimized secured assets. Established and developed relationship with new financial institution.

Improved profitability via the sale and exit of a business/product line and a facility closure and integration of its product line to the corporate facility.

Implemented system maintained bill of materials and labor and overhead application methods and analysis to improve and automate product costing and pricing capabilities.

Designed system to streamline and improve inter-company accounting with European and Asian affiliates.

Established a long-term strategy for software and hardware utilization and reorganized the IT staff.

ALLING & CORY - Marlton, NJ 1993 – 2000

A $350M unit of a Northeast US privately held distributor of printing paper, packaging products and computer supplies.

Vice President Finance & Administration, Mid-Atlantic Region

Directed accounting, finance, credit and collections, human resources and payroll department.

Performed acquisition analysis and integration of two $10M revenue entities to expand market share.

Planned and implemented the centralization of trade accounts payable including process design and staffing resulting in increased accuracy and a 3-day improvement in billing cycle time.

Reorganized the credit function, reducing DSO by 10%, delinquency by 20%.

Implemented software conversion and created process mapping and internal operating procedures.

ALLING & CORY - Camp Hill, PA 1987 – 1993

A $75M unit of a Northeast US privately held distributor of printing paper, packaging products and computer supplies.

Controller, Central PA and Baltimore/Washington Markets

Directed the accounting, finance, inventory control, human resources and payroll departments.

P.H. GLATFELTER CO. - Spring Grove, PA 1981 – 1987

A NYSE listed $500M manufacturer of printing, writing, and specialty paper products.

Financial Planning & Analysis Manager

Managed cost accounting, budgeting, variance analysis, capital budget/ROI analysis.

EDUCATION

MBA, Shippensburg University, Shippensburg, PA

B.S. Accounting/Economics, Elizabethtown College, Elizabethtown, PA

CERTIFICATION

Certified Management Accountant (CMA)

Institute of Management Accountants

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