Donald R. Wallace, CPA

**** *** ************ ******* • Winter Garden, FL 34787

321-***-**** (H, C)

ad2c1x@r.postjobfree.com https://www.linkedin.com/in/don-wallace-588003b/

CFO Controller

Dynamic, results-oriented CFO and Controller with 30+ years experience in statements, management, lean manufacturing, budgeting and forecasting, consolidations, and improving operational efficiencies utilizing strategic planning. Strong relationship builder, capable of partnering with clients, vendors, staff, and administration. Highly organized and detail oriented, with proven strengths in prioritizing and managing multiple tasks, while maintaining challenging levels of productivity. Experience in PE backed, private and publicly traded companies.

Financial Reporting • Budget Preparation • Regulation Compliance • Audit and Tax Liaison • M&A

Internal Controls • Capital Project Review • Systems Installation • Team Facilitation • Financial Analysis

Career Achievements

Expanded the financial statements to provide margin information beneficial in decision-making processes to raise rates, resulting in no customer losses and higher revenue.

Converted statement presentation from 10K to simple format following company going “dark” and then back to SEC filings when purchase was under the umbrella of a publicly traded firm and then back when parent went “dark” for SEC requirements. Then back to private equity reporting.

Converted reporting from a seven-day budget to a five-day operation. Sales were down 25%.

Led the software conversion at Mid Bus and helped to establish the inventory processes and revenue recognition in accordance with SEC. Worked with consultant to upgrade our software GL package.

Recovered $110,000 of overpaid sales tax due to errors of previous controller.

Professional Experience

Contract Controller Lensar, Inc - Orlando, FL February, 2023 -Current

Finance Executive supervising a staff of five to perform monthly, quarterly and annual financial statements for a publicly traded medical equipment manufacturer.

ST Genetics – Navasota, TX Short term May, 2022-February, 2023

Senior Director of Finance

Finance Executive in charge of consolidations of 15 foreign entities and FX translations. Working to improve processes and training while reducing dependence on consultants.

Star Seed – Osborne, KS July, 2019-May, 2022

CFO/Hands-on Controller

Finance Executive for a small company recently purchased by Private Equity. Working on processes, systems, and valuation after CFO with limited involvement left. Refined and documented Financial statements, processes and involved accounting and other executives so there was wide understanding of results and shared information. Worked with valuation firm on opening Balance Sheet and first audit under new ownership. Prepared all financial statements and analysis, prepared all correspondence with Tax and Audit CPA firm. Also, managed the HR functions.

Anuvia Nutrients - Orlando, FL Contract March, 2019-July, 2019

Controller

Consultant Temporary position left when the CFO left

Finance Executive for a startup in their 4th year Establish and document new accounting policies. Preparation of financial statements. Updating accounting processes to adhere to GAAP and provide information to management. Establish internal controls. Review quotes for new audit and tax firm. Working with CFO for raising financing to open another plant.

Luminar - Orlando, FL Contract September 2018-March, 2019

Controller/Director of Accounting Temporary position. Company hired permanent in California corporate office.

Finance Executive for a startup in their 3rd year has strong R&D department and providing new technology to top tier automotive and technology companies. Supervise a staff of ten. Establish new accounting policies. Prepare financial statements. Updating accounting processes to adhere to GAAP and provide information to management. Working with auditors to complete 2017 audit. Reconcile internal financial statements to audited statements. Manage banking, audit and tax relationships. Work with CPA firms to determine accounting for R&D and startup transactions.

DesignShop - Orlando, FL Contract April 2018-September, 2018

Controller

Controller for $12 million PE backed manufacturing, graphics and design shop for exposition shows. Supervise a staff of three. Prepare financial statements for Board presentation. Updating accounting processes to adhere to GAAP and provide information to management. Implement a WIP tracking process to recognize correct expense to revenue. Reconcile internal financial statements to audited statements. Manage banking, audit and tax relationships. Upgraded accounting to meet GAAP standards and recognize margins by project.

Straightline HDD-Hutchinson, KS April, 2016-March, 2017

Controller

Controller for three separate companies with combined revenue of $30 million. Monthly financial statements and account reconciliations. AP supervision and vendor satisfaction maintenance due to limited cash flow. Track inventory variances to production BOMs. Upgraded operational accounting to understand margins on product lines.

Allied Specialty Vehicles: Collins Industries, Allied Specialty, Eldorado National 1996-2001, 2005-2016

ElDorado National-Kansas, Inc.-Salina, KS a subsidiary of Allied Specialty Vehicles April 2014-March, 2016

Director of Finance

Director of Finance for $150 million manufacturing company making buses and mobility vans for transit, commercial and personal use.

Responsibilities included, supervising IT and accounting functions, preparing annual budgets and monthly financial statements, corporate finance package and month end forecast.

Supervise a staff of seven accounting and two IT personnel.

Supervise chassis manager and review Ford and GM pool accounts including periodic audits. Audit Chrysler and Toyota minivan inventory.

Allied Specialty Vehicles, Inc. Parent of Collins and Eldorado National-Orlando, FL April 2011-April 2014

Corporate Controller

Financial Executive for $1.5 billion private equity owned company consisting of 14 business units.

Treasury functions for all business units.

Prepared Corporate financial statements and assist in preparation of consolidated financial statements for presentation to the Board of Directors for all subsidiaries.

Managed the consolidated budget process and performed analytics on results.

Coordinate the year-end tax closing and fixed asset management system reporting.

Collins Industries, Inc. Acquired by Allied Specialty Vehicles- Hutchinson, KS November 2005-April 2011

Corporate Controller

Financial Executive for $300 million formerly publicly traded company and then private equity owned.

Supervises all corporate accounting functions, and prepare annual consolidation budget and monthly consolidation financial statements.

Prepared consolidated financial statements for presentation to the Board of Directors.

Convert consolidated financial statements to quarterly 10Q and annual 10K reports for SEC filing. Wrote Management discussion of results. Reviewed the filings with audit staff and SEC attorney for correct style and completeness. Supervised Edgar filing.

Coordinate the year-end closing and fixed asset management system reporting.

Work on special projects with controllers and insure corporate policies are followed at subsidiaries.

Gathered information for data warehouse used to present the company for sale to private equity firms in spring 2006 prior to sale in October 2006. Convert reporting for private equity ownership.

Southwire Company (formally General Cable)-Kingman, AZ February 2001-November 2005

Controller

Plant Controller for $300 million production facility making copper wire for home and business use.

Responsibilities included, supervising all accounting functions, preparing annual budgets and monthly financial statements, monthly physical inventory, and month end forecast on the 15th of the month.

Prepared conversion of accounting systems on November 1, 2001 after sale. From publicly traded company to privately owned and to an in-house developed accounting system.

Trained department managers on use of accounting information.

Responsible for monthly inventory of materials to compare usage to variance with inventory tagging and scanner system.

Performed financial closing for Utah plant upon the Controller’s departure following corporate decision to close the plant in addition to Kingman plant.

Trained in Lean Manufacturing and Six Sigma Green Belt Certified – February, 2004.

Encouraged individual thinking of staff from prior dictatorial supervisor.

Collins Industries, Inc.-Hutchinson, KS April 1996-February 2001

Controller, Collins Bus Corporation, November 1997-February 2001

Controller, Mid Bus Inc., December 1998-November 2001

Financial Executive for two divisions that totaled $80mm in sales.

Supervise chassis manager and review Ford and GM pool accounts including periodic audits

Supervised all accounting functions, prepared annual budgets and monthly financial statements, and was responsible for annual physical inventory.

Implemented new pricing structure on buses and parts to analyze each for labor and material for annual price changes.

Evaluated costing on a monthly basis for standard to actual variances.

Supervised the systems conversion for Collins Bus from Real World software on an ALTOS system to MAPICS on as IBM AS400.

Implemented the accounting department conversion for Mid Bus from Great Plains DOS version on a Novelle network to MAPICS on as IBM AS400.

Supervisor for corporate wide AS400 for three months during System Administrators absence.

Assistant Corporate Controller April 1996-November 1997

Prepared consolidated financial statements for presentation to the Board of Directors for all subsidiaries while reducing the closing time by 33% for release to the Board.

Coordinated the year-end closing and fixed asset management system reporting to reduce completion of the Big 5 audit to 45 days of year end from four months.

Tracked and evaluated project costs for implementation Wide Area Network AS400 for all subsidiaries from three individual AS400s and one other system.

Implemented requirement for subsidiaries to reconcile inter-company activity prior to completion of financial statements. Previously statements would have irregularities between companies.

Lett Electronics-Topeka, KS January 1995-March 1996

Controller

Prepared financial statements and conducted inventory for a $7 million two-way radio retail company.

Acting supervisor in absence of President

Supervised a staff of three

Tidewater Barge Lines-Vancouver, WA May 1991-August 1994

Asst. Controller

Prepared all general ledger journal entries and prepared the financial statements for the Controller.

Expanded financial statements to reflect income by product line.

Oversaw the sales and use tax filings and recovered $110,000 prior year overpayment.

Ahrens, Henry Grisanti and Smith CPAs-Hood River, OR, WA January 1988-May 1991

Staff Accountant Public Accounting

Personal and corporate taxes.

Municipal audits.

Monthly and annual financial statements for clients

Payroll preparation and payroll tax filing for clients.

Skills

Microsoft Office; Excel(Lookups, Pivot tables, IF statements), Word, PowerPoint, Access

ERP systems and implementations; MAPICS, Syteline, Sage 300, Sage release 11, Breckenridge, Quickbooks,

Lean operations

Financial statements with Analysis, Job costing and inventory management

Education

B.S Business Accounting and Business Administration-University of Kansas, Lawrence, KS

Certified Public Accountant Oregon-inactive (7038) and Florida Active (AC45236)

Six Sigma Green Belt

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