ERIC W. MONTGOMERY, CPA
Thirty years of progressively responsible experience in all phases of management, operations, accounting and finance, Strong analytical skills with core qualifications in accounting, management and administration drive efficiency, productivity and financial performance. Proven abilities in strategic leadership, management and accounting. Excellent verbal and written communications skills. Specific skills and knowledge include: start-ups, turn-around situations, private equity portfolio companies, budgeting; capital expenditures; financial planning; purchasing; human resources; financial reporting; accounting systems – general ledger, accounts payable, payroll; taxes;
As Chief Financial Officer of a private-equity portfolio company, grew revenues from $200 million to $500 million and net income from $15 million to $60 million through successful negotiation of four $250 million multi-year contracts and tight control of capital expenditures and general and administrative expenses.
As Chief Financial Officer of a private-equity owned company, grew revenues from $25 million to $130 million and EBITDA from $5 million to $60 million in four years through four acquisitions and organic growth.
Initiated a turn-around as Chief Financial Officer of the US subsidiary of a private aviation company with $700 million in revenues. EBITDA increased from negative $4 million to $25 million in three years through process reengineering, line of business reorganization, lease negotiations, and cost reductions achieved through purchasing efficiencies and headcount decreases. Company was successfully sold at a tremendous premium to a private equity firm in 2006.
Assembled finance department at largest start-up airline in United States. Selected and implemented accounting systems, hired and trained finance staff, developed and implemented internal controls, created financial reporting package and oversaw preparation of the initial capital and operating budget.
As the Vice President of Finance of a public company, effected financial turn-around by reducing operating expenses $10 million – renegotiated aircraft leases, property taxes and insurances. Elected to Board of Directors in 1997, served as interim Chief Executive Officer for three months in 1998.
MARINE CORPS COMMUNITY SERVICES Iwakuni, Japan August 2015 – December 2017
Chief Financial Officer As CFO of this $50 million United States government entity, supervise 20 employees in the Finance Department. Responsible for government appropriations, operating and capital budgeting, cash management, financial analysis, internal controls, banking relationships, foreign currency transactions, payroll, accounts receivable, accounts payable, inventory management and fixed assets. Manage the financial aspects of the joint US Government/Government of Japan Defense Policy Review Initiative as it impacts MCAS Iwakuni; base expansion results in MCCS Iwakuni adding 17 new facilities, 300 employees and $15 million in equipment in the next four years.
INTERNATIONAL UNION FOR THE CONSERVATION OF NATURE Bangkok Apr 2014 - July 2015
Director of Finance, Asia IUCN, International Union for Conservation of Nature, helps the world find pragmatic solutions to our most pressing environment and development challenges. As the finance director of the Asia Region, supervise 30 employees in finance – responsible for donor relationships, project management, contract negotiation and review, budgeting, internal controls, financial reporting, purchasing, banking relationships, accounts payable and receivable
GLOBAL AEROSPACE LOGISTICS Abu Dhabi, United Arab Emirates Nov 2011 – Apr 2014
Chief Financial Officer Responsible for all financial aspects of this $500 million provider of manpower and services to the UAE military. Supervise 20 employees in finance - manage banking relationships, financial reporting, budgeting, internal controls, accounts receivable and payable, inventory and purchasing. Grew revenues from $200 million in 2011 to $500 million in 2013. Installed Oracle in 2013.
MARINE CORPS COMMUNITY SERVICES Okinawa, Japan 2010 – Nov 2011
Chief Financial Officer As CFO of this $100 million United States government entity, supervised 50 employees in the Finance Department. Responsible for government appropriations, operating and capital budgeting, cash management, financial analysis, internal controls, banking relationships, foreign currency transactions, payroll, accounts receivable, accounts payable, inventory management and fixed assets. In 2010, assisted in securing an additional $20 million in unbudgeted government funding to support morale, welfare and recreation programs for Marines and their families.
ROTORCRAFT LEASING COMPANY, LLC Lafayette, LA 2006 – 2010
Chief Financial Officer Direct all administrative functions of helicopter operator acquired by private equity firm in 2005. Brought in by new owners to manage banking relationships, institute internal controls, develop financial reporting systems, and upgrade staff. Supervise 40 employees in accounting, IT, purchasing, legal and human resources. Grew revenues and EBITDA from $25 million and $5 million in 2005 to $130 million and $60 million in 2008 through four acquisitions and organic growth.
JET AVIATION, INC Teterboro, NJ 2001 – 2006
Chief Financial Officer, North and South America (2001 to 2006) As corporate CFO, supervised forty finance employees in four different locations. Responsible for financial reporting, budgeting, treasury, insurance, accounts payable, accounts receivable, payroll, fixed assets and financial systems development for domestic operations of an international aviation company with over $700 million in revenues, specializing in aircraft fueling, maintenance, completions, charter, management and aircraft sales. Installed SAP in October 2001.
JETBLUE AIRWAYS CORPORATION, Darien, CT. 1999 to 2001
Controller - Directed the preparation of monthly, quarterly and annual financial statements, budgets and forecasts for start-up airline. Supervised staff of eight in accounting functions - accounts receivable and payable; payroll, revenue accounting, budgeting and financial planning. Selected and implemented general ledger, payroll/HRIS, fixed asset and time and attendance systems. Prepared initial operating and capital budget.
CCAIR, INC., Charlotte, NC. 1995 to 1999
Vice President - Finance – Managed all administrative functions in $95 million public airline operating twenty-seven regional aircraft as USAirways Express in twenty-seven cities in the Southeastern United States. Supervised staff of forty in external and internal financial reporting, including SEC reporting; accounts receivable and payable; payroll, revenue accounting; revenue enhancement; human resources; budgeting and financial planning, purchasing, information systems and treasury. Elected to Board of Directors in November 1997. Interim Chief Executive Officer - July to October 1998
HARRIS TEETER, INC., High Point, NC. 1993 to 1995
Manufacturing Controller - Prepared monthly, quarterly and annual financial statements, budgets and forecasts for $100 million dairy division of regional grocery chain. Supervise staff of eight in accounting functions - receivables, payables, route system accounting, cost accounting and inventory control. Selected and implemented new process manufacturing control system.
DENNY’S, INC., Spartanburg, SC. 1990 to 1993
Assistant Controller (1991 to 1993). Responsible for the preparation of monthly, quarterly and annual financial statements and forecasts for $1.5 billion Company. Also responsible for capital reporting, franchise reporting and unit level operations analysis, as well as account reconciliations, systems development, special projects, international accounting, coordination with independent auditors and systems maintenance and development in conjunction with the Information Services Department. Supervised ten employees in financial reporting.
PIEDMONT AVIATION, INC., Winston-Salem, NC. 1985 to 1990
Director, General Accounting (1987 to 1990) Prepared monthly, quarterly and annual financial statements for management, stockholders and governmental agencies, including SEC reporting for $2.5 billion Airline. Supervised staff of fifteen in general accounting functions - inventory and fixed asset accounting, cash management, international accounting, special projects, etc. and developing and maintaining systems of internal control. Implemented a new general ledger accounting system. Selected youngest Director level employee after being employed less than three years.
Manager, General Accounting (1985 to 1987) Generated monthly, quarterly and annual financial statements and the supervision of a staff of ten in general accounting functions. Other duties included developing and maintaining systems of internal control.
ERNST & YOUNG, Winston-Salem, NC. 1981 to 1985.
Senior Accountant - Directed all phases of audit work from the planning stage to report preparation. Prepared corporate tax returns. Audit clients included manufacturing, service, airline and government entities.
University of North Carolina at Chapel Hill - Bachelor of Science in Business Administration - Phi Beta Kappa
Certified Public Accountant. North Carolina certificate No. 14595, 1984