Jeffrey W. Jones

Reading, PA

570-***-**** ad0181@r.postjobfree.com linkedin.com/in/jjudel51

SENIOR FINANCIAL EXECUTIVE

Chief Financial Officer with more than 35 years of experience leading firms in public accounting, and electronics, wood, and plastics manufacturing sectors. Expertise includes budgeting, forecasting, cost accounting, financial analysis, strategic planning, operational leadership, compliance, mergers and acquisitions, and new business development. Known for ability to provide leadership to organizations in leveraged and turnaround environments and for effective partnership with boards of directors, auditors, investors, and executives.

CORE COMPETENCIES

Contractual Compliance

ERP System Selection and Implementation

Cash Management

Working Capital Management

Legal and Regulatory Compliance

M&A Management

Financial Controls

International Financial Reporting

Private Equity

PROFESSIONAL EXPERIENCE

Ward Manufacturing, LLC, Blossburg, PA

$140 million Japanese owned manufacturer of pipe fitting and corrugated stainless steel tubing.

Chief Financial Officer 2021 – 2023

Hired to replace the retiring CFO for this multi-site manufacturer of fittings and flexible tubing. Challenges include interfacing with representatives of the company’s publicly-traded, Japanese parent.

B2B CFO, Harrisburg, PA 2020

A consulting and advisory services firm with 200 partners in 45 states.

Partner

Affiliated as sole proprietor with nationwide consulting practice that provided systems and other operational support. Offered advisory services in areas of cash management, profit improvement, and credit relationships to address areas of concern identified by clients.

Advised $10M metal fabrication business on implementation of employee ownership structure.

Provided guidance to small, privately owned abstracting company regarding strategies to assure viability and retention of all six employees under pandemic conditions.

Wood-Mode Incorporated, Kreamer, PA 2008 – 2019

A $225M family-owned, market leading manufacturer of high-end cabinetry products.

Chief Financial Officer

Provided financial leadership during challenging economic periods. Led team of nine professionals in all financial functions, including controllership and treasury.

Returned to positive EBITDA results after three consecutive years of losses by persuading ownership to adopt unit profitability approach in establishing commission structure, pricing, and product mix

Championed self-insured medical plan changes that reduced paid medical claims by $3.3M or 28%

Restructured debt four times to preserve adequate liquidity notwithstanding 55% decline in business

Implemented rolling cash flow forecasts (1-week, 4-week, and 13-week assessments) to inform lender and vendor negotiations. Ensured uninterrupted supply flow despite payment deferrals

Developed new monthly financial report, included KPI review, financial statements, and MD&A, for monthly distribution to ownership, advisory board members, and lenders

Huntington Foam Corporation, Coraopolis, PA 2006 – 2008

A $70M privately owned, multi-site, multinational manufacturer of shaped foam packaging products.

Chief Financial Officer

Led transformation of financial function for growing plastics manufacturer with six locations. Provided onsite operational management at newly opened Monterrey, Mexico plant to oversee delivery to co-located Whirlpool sites. Established cost accounting in Mexico to monitor and assure profitability for new plant.

Mastered requirements for maquiladora operations reporting as well as consolidated international reporting within three months of hire date

Implemented routine equipment maintenance schedule at Mexican facility which addressed significant scrap issues, improved yields by 10%, and assured on time delivery to co-located Whirlpool plant

Assured seamless operations while moving administrative offices two hours away and hiring five entirely new accounting staff within four months of start date

Established strong cash management system with improved short-term cash flow forecasts to respond to loss of customer representing 35% of revenue within first year

Negotiated $10M distressed debt credit agreement with US lender to address cash needs during anticipated two-year transition period while firm restructured in order to return to profitability

Signstrut, Ltd., Delaware, OH 2004 – 2006

A $50M private equity owned, market leading supplier of exterior signage to national account customers.

Chief Financial Officer

Provided financial leadership to this sign manufacturer as it transitioned from a family-owned business to being a private equity sponsored company. Upgraded financial reporting and profitability analysis functions to enable company to meet information needs of owners, investors, and senior and mezzanine lenders.

Reduced closing period from 30 days to 10 days by creating standard financial operating procedures

Introduced rigorous cost accounting techniques to monitor product line profitability and drive improvements in pricing strategies

Developed cash flow, cash management, and monthly financial tools to support reporting needs of investors and senior executives and monitor covenant compliance

Provided financial due diligence leadership during acquisition of major competitor that resulted in doubling of company’s revenues

Led post-merger integration of finance and accounting functions that netted 43% reduction in FTEs

Nursery Supplies, Inc., Chambersburg, PA 1998 – 2003

A leading $145M plastics molder.

Chief Financial Officer

As firm’s first CFO, led financial reporting transformation that delivered improved quality and data in support of executive decision-making.

Provided financial leadership during acquisition of firm’s largest competitor and during multi-year campaign that more than tripled revenues

Provided executive leadership for selection and implementation of new JD Edwards One World ERP system for firm’s three sites as well as for post-acquisition expansion to three more locations.

EDUCATION

Bachelor of Science in Accounting, University of Delaware, Newark, DE - December 1979

EARLY CAREER

VP and Controller, GAI-Tronics, Reading, PA and Audit Manager, Coopers & Lybrand, Philadelphia, PA.

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