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Accounting Executive

Location:
Beaumont, TX
Posted:
January 16, 2020

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Resume:

Highly accomplished, Senior Financial Officer with more than 20 years of experience directing and improving corporate financial operations of major domestic and international companies. Proven ability to increase profitability and reduce losses. Exceptional skills in developing and implementing processes and controls, improving business operations, and establishing automated financial and business systems. History of re-organizing financial and operations groups and programs to increase performance. Possesses solid leadership, communication and interpersonal skills to establish rapport with all levels of staff and management.

CORE QUALIFICATIONS:

Accounting & Financial Management Business Planning and Analysis Debt Restructuring Growth Strategy Development Performance Measurement Systems Design & Implementation Financial Analysis & Reporting Team Building & Leadership Capital Budgeting & Administration Maximizing Profits Resource Management Investor Relations CAREER HIGHLIGHTS:

Improved Return on Invested Capital from 9% to 18%

Reduced the amount of CapEx required to produce the same profit from $55M to $30M

Gross Margin improvement from 45% to 51% having a $9.0M improvement to gross margin within 2 years

Reduced DSO from 118 days to 72 days having an $18M positive cash impact within 6 months

Increased DPO from 22 days to 41 days increasing available cash by $3.8M within 4 months

Reduced days to produce the financials each month from 17 days to 10 days

Employee turnover reduced from 40+% to 28% improving profitability by $1.2M annually

Located financing and maintained investor relations for approximately a $55M capitalization structure

Installation and successful implementation of multiple management information systems

Able to lead and develop a financial plan during times of market and financial distress PROFESSIONAL EXPERIENCE:

Chief Financial Officer November, 2017 to Present

B&E Resources, LLC, Beaumont, TX

B&E is an industry-recognized General Contractor specializing in turn-key industrial field construction, custom manufacturing and project execution services. We provide high level support to the refining, petrochemical, transmission & terminals, oilfield drilling, pulp & paper and maritime industries. We are especially proud of our Superior Safety Record, and we work to continuously advance our safety and training programs

Areas of responsibility include, accounting, revenue assurance, capital expenditures, inventory, purchasing, human resources, risk management, legal, IT projects, as well as data management, and HSE&Q. In addition to these daily responsibilities, work closely as part of the Sr. Executive Team and the Board to set company vision, strategy and culture. Accomplishments

Restructured $28.0M capital structure

Participated in the expansion into two new geographical markets

Drove the development of the Vision, Strategy and Culture of the organization

Implemented a budget and forecast process and model that includes the Directors and Executive team

Developed market and divisional financial reporting produced on a weekly and monthly basis

Restructured risk management framework resulting in an annual saving of $1.2M

Implemented a bid process, bid template and tracking system used for revenue forecasting

Job margin analysis by product line resulting in a 50% reduction in shop overhead and use of consumables

Employee turnover analysis resulting in identifying which supervisors need additional development on how to handle employee feedback effectively

Orchestrated the “Lifecycle of the Employee” development program

Improved upon leadership communication throughout the company Dennis d’Aquin, CPA

117 Carrollton Circle Lafayette, LA 70503

Home: 337-***-**** Cell: 337-***-****

adbbt8@r.postjobfree.com

Chief Financial Officer 2016 to October, 2017

Zealous Energy Services, LLC, Lafayette, LA

Zealous provides construction services to the oil & gas industry. These projects can range dramatically — from well site preparation and construction services for a variety of land locations, including all of the major basins, to marine and inland water projects around the country — Zealous applies its experience to find safer, smarter solutions and greater efficiencies. Throughout every project, standards for safety and proven construction experience help to make the job easier, safer and more affordable. Areas of responsibility include, accounting, revenue assurance, capital expenditures, inventory, purchasing, human resources, risk management, legal, IT projects, as well as data management, and HSE&Q. Accomplishments

Raised $3.0M in equity

Participated in acquisition and merger of two entities into Zealous

Implemented a budget and forecast process and model that includes the Directors and Executive team

Restructured financial reporting package to Executive Team

Established financial and administrative policies and procedures throughout the organization

Implemented a bid process, bid template and tracking system used for revenue forecasting

Working with Insurance Agent restructured insurances for both land and marine division resulting in 15% savings

Master Service Agreement (MSA) process was rolled out

Reduced the close process from 45 days to 15 days

Job margin analysis

Cash flow projections

Employee turnover analysis

Vice President and Chief Financial Officer 2013 to 2016 Datacom, LLC d/b/a BlackHawk Datacom, Lafayette, LA Provide innovative technology solutions for mission critical operations in remote, harsh environments, with a focus on the energy, defense and maritime markets.

Areas of responsibility include, accounting, revenue assurance, capital expenditures, inventory, purchasing, human resources, risk management, legal, IT projects, as well as data management, and heavily involved with HSE&Q. Departmental and Organizational responsibilities are in alignment with those of HB Rentals, LC. Datacom LLC is a much smaller organization than HR Rentals. I was brought in to position the company for growth, from $13.0M to $75.0M in revenue by gaining market share in existing markets, expanding into new markets, new product development as well as making strategic acquisitions through a capital structure that can support this level of growth. Accomplishments

Identified and acquired new financial partner to invest in company which also provides exit strategy for original owners

Raised $19.2M in equity and debt

Implemented a budget and forecast process and model that includes the Directors and Executive team

Restructured financial reporting package to Board of Directors and Executive Team

Director development program

Implemented new management information system, SAP Business One

Product margin analysis which aided in product pricing and identifying best return on capital investment

Authorization for Expenditure (AFE) process for capital expenditures, product development and research and development

Metrics that Matter (Key Performance Indicators) to aid in daily management decisions Vice President of Finance and Administration 2008 to 2013 HB Rentals, LC a Superior Energy Services Inc. company, Lafayette, LA Largest U.S. based company providing temporary accommodations and accessories, primarily for the Oil and Gas industry, for remote work locations globally. Currently performing work in 11 countries. Areas of responsibility include, accounting, revenue assurance, capital expenditures, inventory, purchasing, human resources, risk management, legal, document management, IT projects, as well as data management, domestic and foreign government compliance and heavily involved with HSE&Q

Departmental

Restructured the finance & administrative departments to better service the needs of our internal customers with 28 employees

Improved relationship with parent company while strengthening their trust in HB by providing timely and accurate information with more frequent updates on what activity is taking place within the organization allowing an increase in capital expenditures to $50M per year.

Reduced Days Sales Outstanding from 118 days to 72 days. having a positive impact on cash flow of $18M

Standardized budget and financial reporting package allowing Sr. Management and District Managers to have meaningful discussions about financial performance of the organization in a consistent manner using consistent terminology so areas of focus can be identified quickly Organizational

Implemented a new management information system, Insphire, at corporate location and then opened the use of the system across 18 locations which produced the follow: o Over 1,000 purchase orders per month

o 5,000 invoices per month

o 1,200 checks per month

o 4,000 work orders per month

o Tracks revenue and cost for over 6,000 assets

Developed new administrative procedures which are now used consistently at all remote locations.

Developed a financial score card in which to measure performance by department as well as the organization overall.

Training of management and supervisors across the organization on topics such as: o Employee turnover analysis

o How to read financial statements

o The does and don’ts of interviewing

o Employee performance evaluations through coaching conversations o The importance of culture within the organization and how to get the most out of your workforce o Pricing models

o Costing modes

Built a more formal learning and development department to ensure training continues and is consistent and true to the HB way of doing things, focusing on soft skills as well as technical skills defined by position within the organization

Worked closely with HSE&Q to implement a management system, Data Station Sr. Vice President, Treasury, Finance & Administration 1999 - 2008 Broadpoint., New Orleans, LA

A top tier 3 privately-held cellular and satellite communications company, providing cellular services in the Gulf of Mexico and full turnkey satellite communications domestically as well as internationally to its customers which were primarily Oil and Gas service providers.

Joined the company as Controller in February 1999 and was responsible for all areas of the company’s accounting structure, inventory, human resources and reported directly to the CFO. Named CFO in January 2002.

Assisted the CEO in growing the company from $14 million in annual revenue in 1999 to over $45 million in 2007. This was accomplished through organic growth in expanding markets as well as two acquisitions made in 2006

Restructured the accounting and financial reporting processes to improve the monthly financial close timeline by nearly 50% to 12 days with little to no increase in staff., allowing for better strategic planning which improved gross profit by 4% or $2.2M.

Located and negotiated with the company’s primary lender to restructured its capital debt structure of $55.0 million

Lead the marketing and sale process, as well as participated in negotiations with the Board of Directors for the sale of stock of PetroCom later named Broadpoint for approx. $80M.

Integral part of the Strategic Planning team which selected new technology for the organization improving earnings by

$8.0M annually.

Select, negotiate and bind all insurance needs of the company. Accounting Manager 1997 – 1998

Freeport McMoRan Copper and Gold, New Orleans, LA

The world’s largest publicly traded copper company. The company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper and gold and has a dynamic portfolio of expansion and growth projects.

Primary responsibility was to be the liaison between Sr. Management in Irian Jaya and Corporate regarding data integrity globally. Some projects included were:

Consulted on accounting policies and procedures globally

WEB page publications which centralized data for management dashboards, government reporting, budgeting and forecasting.

Supervised accounting personnel responsible for: o Revenue accounting for $2.0Billion annually

o Trade and employee receivables.

Accounting Supervisor 1993- 1997

P.T. Freeport Indonesia, Irian Jaya, Indonesia

Supervised the following department: Accounts payable, Cash management, Accounts receivable, Payroll and Contracts administration

Implemented Mincom Information Management Systems (MIMS) impacting 15,000 employees in 12 months

Implemented Statistical Financial Ledger (SFL) over a period of 3 months

Designed and implemented revenue and trade receivables system eliminating 3rd party software costing $500K annually

Lead accounting reengineering team which streamlined procedures and updated company policies standardizing procedures globally.

Senior Accountant 1990 – 1992

Ericsson, Krentel and LaPorte, New Orleans, LA

Worked two years as a senior accountant and one year as staff accountant in the audit division of this local New Orleans accounting firm. Planned and supervised the audits of clients primarily in the health care and local prison systems. EDUCATION

University of New Orleans, New Orleans, LA

Bachelor of Science, Accounting, May 1990

ASSOCIATIONS AND LICENSES HELD

Certified Public Accountant

Member, American Institute of Certified Public Accountants Member, Louisiana Society of Certified Public Accountants Member, Louisiana Technology Council

COMMUNITY INVOLVEMENT & Development

Member of the Krewe of Endymion

Leadership Jefferson

Moody’s International Executive Leadership Training United Way – Reading for Success

St Pius X – Adult Leader for Confirmation Recipients St. Anne’s – Adult Leader for Confirmation Recipients Eucharistic Minister for St. Anne’s Home Bound Program



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