David N. Eliff, CPA/CFA

ad0t9f@r.postjobfree.com

Houston, TX 77024 • 830-***-****

Chief Financial Officer/Controller

Accomplished financial executive with extensive experience in developing and executing strategic financial plans as well as conducting analysis with the aim of improving financial performance across diverse industries.

Proven success in leading optimization of financial processes in compliance with governance and company regulations, while directing staff to ensure attainment of financial goals. Unique financial restructuring insight with 38 years’ experience in corporate finance and accounting management, M&A integration, risk management, financial control, and infrastructure implementation. Adept at maximizing revenue, reducing overhead costs, revitalizing businesses by optimizing financial operations, and driving revenue growth. Demonstrated expertise in devising turnaround strategies for financially distressed organizations. Out-of-box thinker and creative problem solver; proficient in leading cross-functional teams to achieve shared vision and goals.

Areas of Expertise

Financial/Accounting Accounting Management

Strategic Planning & Execution

Regulatory Compliance

Internal Audit & Controls

Profit & Revenue Optimization

Contracts Negotiation/Procurement

Cost Control & Reduction

Exclusive Excel tools and models

Career Experience

Chief Financial Officer, Director Accumyn Consulting, Houston, TX 2016 – Present

Providing leadership for underperforming and financially challenged companies. Hired to improve business performance/ reporting and implement strategic changes. Worked alongside management teams to offer options for both short and long-term solutions for businesses. Worked with debtor-side turnaround, financial advisory and secured creditor services across a wide range of industries and have added depth to management teams by assuming C-level roles to provide interim and crisis management. Led budgeting, forecasting, and financial modeling processes to support decision-making and resource allocation. Prepare and present accurate and timely financial reports to the executive team and board of directors to highlight key financial metrics and trends. Manage cash flow to ensure liquidity and optimize working capital.

Assisted management of an oilfield service company in less than three quarters during Covid crisis; turned around a $17M division losing ($283K) EBITDA annually to $776K EBITDA.

Negotiated cost savings and vendor terms in 14 months reducing cost by $247k and improving EBITDA margin from 11.6 % to an industry leading 18.3% by implementing improved internal audit procedures which identified $186k in annual cost savings and improved profits.

Established competitive quotas and bonus program for sales department increasing YoY revenue 9.4% in FYE 2023.

Implemented cost savings initiatives and productivity tools, including streamline internal audit procedures and use of SAP ERP software company wide.

Led successful effort and re-engineered a large family held retail company. All facets of the operations including revenue, costs and product mix became more focused achieving EBITDA improvements of $186k annually.

Chief Financial Officer, Yellow Cabs of Southwest/Cab Administration, Houston, TX 2015 – 2016

Drove optimal business performance by navigating challenging market conditions in transportation industry due to emergence of ride-sharing platforms (Uber, Lyft, other). Demonstrated exceptional leadership as head of implementation team responsible for deployment of new Management Information System (MIS) ahead of schedule and under budget. Orchestrated integration of financial and administrative operations from two regional subsidiaries with combined assets of approximately worth $88M and annual sales exceeding $275M by overseeing restructuring across the State of Texas, streamlining planning for three production centers achieving 38% staff reduction, with full ROI in 11 months.

●Led financial functions played a crucial role in driving EBITDA up by 28% within 17 months (about 1 and a half years), despite the challenging 35% industry-wide revenue decline, while serving as pivotal member of executive team and advisor to the board of directors.

●Saved over $180K in costs annually by introducing highly efficient North American procurement framework covering five operational units in Canada and the United States.

●Directed $19M acquisition of publicly traded company software company, contributing significantly to smooth integration and success. As an added bonus to the successful integration, saved $1.1M, enhancing overall financial efficiency by developing tax-optimized cross-border financial structure.

Chief Financial Officer & EVP of Finance, Proserv - Production Technology Services/TIC, Houston, TX 2011 – 2015

Streamlined work processes by heading and synchronizing financial operations and production units of international upstream service providers, while directing subsidiaries in United States. Met business objectives and goals by steering joint ventures, acquisitions, and strategic planning initiatives within these regions along with administering management of accounting, treasury, human resources, IT, and risk management teams.

●Over four and half years, increased EBITDA earnings of subsidiaries from $3.8M to $14.4M and earnings-to-assets ratio by using robust asset rotation and other strategies.

●Attained satisfaction of workforce comprising 1,500 employees by spearheading comprehensive overhaul of pension, 401K, and medical benefit plans.

●Maximized financial performance of business by revitalizing annual budgeting process, deploying dynamic rolling budget system covering trailing 22 months (about 2 years), and incorporating innovative concepts to ignite shareholder value.

●Augmented business productivity by presenting financial metrics, such as Economic Value Added (EVA) and Return on Capital Invested (ROCI), emphasizing creation of shareholder value within operations group.

●Avoided potentially damaging legal disputes by strengthening relationships with critical joint venture partners.

●Prevented need for costly litigation by resolving highly contentious $1.6M insurance claim.

Additional Experience

Executive Vice President & Chief Financial Officer, Sagent Technology, (NASDAQ: SGNT) Mountainview, CA

Executive Vice President & Chief Financial Officer, W-H Energy Services, Inc (NYSE: WHQ), Houston, TX

Senior Principal-Business Turnaround Services, PricewaterhouseCoopers, Houston, TX

Education

BBA-Accounting

(Full 4 Year Football Scholarship) Grade: 3.75 in accounting; 3.25 Overall

Texas Tech University - Rawls College of Business, Lubbock, TX

Licenses & Certifications

Accountant (CPA), Texas Society of CPAs, AICPA Credential ID 040433

Certified in Financial Forensics, Credential ID 0505420

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