DARRELL STICE

Atlanta, GA 770-***-**** ad49wq@r.postjobfree.com Linkedin.com/in/darrell-stice

Controller

SUMMARY

Accomplished Finance Executive with 10+ years of experience in the electronic connector manufacturing, communications, hospitality, transportation, and construction industries. Distinguished professional who specializes in directing accounting and finance systems and policy, financial reporting, budgeting, and forecasting, risk management, treasury, and cost accounting. Recognized as a leader in strategic analysis and planning, managing, and mentoring people, and building strong relationships with all departments, customers, vendors, and staff both locally and globally.

COMPETENCIES

• M/E Q/E Y/E Closing • Cost Accounting • Process Improvement

• Balance Sheet Recs • Critical Analysis • Financial Reporting

• Manufacturing • HR Compliance • External Compliance

EXPERIENCE

METALFORMING LLC

CONTROLLER 1/2023 – 10/2023

Metalforming LLC is the industry expert in metal folding and fabrication sheet metal application in the architectural and precision fabrication area. Metalforming LLC is the largest distributor of metal folding machines in the world, and is the North America leader in providing software, training, and consulting services, with revenues estimated at $55M for FY23.

Responsible for all financial accounting and internal reporting processes, including outside reporting to PE firms. Responsible for P&L forecasts, cash flow modeling, and CAPX management. Manage and coordinate the financial audit.

Reduced month-end closing from 4 weeks to 5 days

Automated various ERP processes, reducing manual labor time by 5 days per month

Provided executive management team with last 6-month P&L forecast, communicating the need to be 10% over plan to cover several one-time expenses.

Worked with Operations to create a 13 week rolling cash flow model to increase net cash visibility.

APOLLO TYRES (US) INC.

SR MANAGER – FINANCE & ACCOUNTS 1/2022 – 12/2022

Apollo Tyres US is subsidiary of Apollo Tyres Ltd (India). Apollo Ltd is a manufacturer of high- quality tires of all sizes worldwide. Apollo US is a sales and distribution office with revenues estimated at $120M for FY23.

Manage all financial accounting and financial reporting processes. Responsible for all Finance compliance and controlling procedures for North America. Manage and coordinate the annual budgeting process and financial audit.

Reduced A/R overdue amounts by $320K in four months.

Created monthly financial review for US management team for insight into results.

Successfully guided a lease negotiation for a new building and design.

Created sales variance and margin reports by SKU to gain visibility into operations.

Worked with SCM to increase revenues by 40% over a 5-month period.

BORAL WINDOWS, LLC, a Westlake company

OPERATIONS CONTROLLER 8/2020 – 1/2022

Boral Windows is part of Westlake Company, a publicly held U.S. company traded on the NYSE. Boral Windows specializes in the manufacture of high-quality windows and patio doors with revenues of approximately $25M.

Provided financial support to plant management and accounting support to Corporate Accounting in Dallas, TX. Developed financial models on path to profitability, provided insight into monthly financial results, and provided analysis support to plant management.

Developed a financial model to propose eliminating a product line. Calculated the impact at an additional $12M in revenue and $3M in bottom line profit.

Provided incremental analysis as part of an ROI for an automated glass line. Calculated the variable contribution at 11% over a five-year period.

Provided analysis to change glazing bead vendors with an estimated annual savings of nearly $100K.

Partnered with the Plant Manager to implement processes, reducing glass scrap by over 40%.

FISCHER CONNECTORS, INC.

DIRECTOR OF FINANCE 1/2010 – 3/2020

A US subsidiary of a Swiss parent company specializing in the distribution of electrical connectors and manufacturing of cable assembly components with approximately $52M in revenue for 2019.

Managed all financial accounting, cost accounting, and financial reporting systems and processes. Developed strategic initiatives in with recommendations on operations, profitability, risk management, cash, credit, and insurance management.

Developed Split P&L Report to analyze the profitability of business segments leading to a greater emphasis on the cable assembly business, resulting in a 40% increase in revenue over four years.

Devised a price increase sales strategy that led to a $1M+ increase in revenue.

Created a Sales Forecast by Product Line Report that led to savings of $540K, allowing the company to meet EBIT budget.

Increased operational efficiencies by 18% on complex builds over four years by developing a Margin by Routing Category Report.

Engaged in hedging strategies to save $180K over a one-year period.

EDUCATION

Highest Degree Earned: MBA University of Louisville

Second-Highest Degree Earned: BSBA Finance University of Louisville

Computer skills: Syteline ERP, SAP ERP, Great Plains ERP, Winsys ERP, Concur, Power BI, Hyperion FDM and HFM, OneStream

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