Teri W. Hunt

Decatur, AL ***** ■ 256-***-**** ■ addixz@r.postjobfree.com ■ www.linkedin.com/in/teriwhunt

Chief Financial Officer

Improving Financial & Operational Efficiencies ■ Achieving Millions in Annual Cost Savings

Safeguarding Assets ■ Ensuring Financial Accuracies, Transparency & Integrity ■ MBA, Finance

Strategic Financial Planning Turnaround Leadership

Financial Analysis & Reporting Organizational Restructuring

Budgeting & Forecasting Supply Chain

Accounting, Cash Flow & Capital Expense Management SEC, Bank, GAAP, SOX & FCPA Compliance

Investor, Bank & Audit Relations Multicurrency Management

Due Diligence, Internal Controls & Risk Management Human Resources & IT Management

Strategically oriented, collaborative, and agile leader with 15+ years of experience across the spectrum of finance and operations and successes in driving scalable, sustainable, and profitable business performance for companies in national and global environments and adept at presenting results to BOD.

Effective at providing senior executives with an overarching view of business performance and strategic recommendations based on financial data to facilitate informed decisions and return maximum value.

Proven strengths in navigating and generating breakthrough results for organizations during periods of dynamic challenges and changes, including turnarounds, rightsizing, accounting system restructuring, and SEC compliance matters.

Solid business partnering and collaboration skills and aptitude for bridging the gap between finance and other functions to overcome obstacles and achieve goals. Excellent leadership, problem solving, communication, and interpersonal skills.

Career Highlights

Captured $5M in total annual cost savings and improved operational efficiencies by realigning resources and restructuring finance, HR, procurement, and IT organizations across company divisions and subsidiaries worldwide.

Mitigated exposure to cybersecurity issues, strengthened internal controls for accelerated filer status compliance, and improved levels of competency by enhancing IT infrastructure and restructuring international/domestic accounting team.

Played key role in successful corporate turnaround following loss of primary vendor, banking revolver, and all VP-level executives, collateral damage from $34M arbitration judgement in Brazil, and worked with sales force to develop a plan to move $6M in obsolete inventory.

Experience

Lakeland Industries, Inc., Decatur, AL 2005 – 2019

$100M publicly traded international manufacturer of personal protective clothing. Company has manufacturing facilities and/or sales offices in the U.S., China, Mexico, Vietnam, India, South America, Latin America, UK, Canada, and Russia.

CHIEF FINANCIAL OFFICER (2015 – 2019)

Lead finance, accounting, treasury, HR, and IT functions globally. Key initiatives included improving reporting accuracies and timelines, selecting new banking and audit partners, meeting Board of Directors’ performance requirements, and ensuring GAAP, SOX, and SEC compliance. Managed 5 direct and 35 indirect reports. Held P&L accountability for $6.4M NOI.

Managed accounting department including consolidation of company results monthly for financial reporting, including the translation of local languages, currencies, and GAAP of 11 countries for U.S. GAAP compliance

Leadership role with sales and operations teams to develop 3 year strategic initiatives and implementation plan.

Led team to restructure internal controls and risk management program.

Managed capital expenditure process, forecasting and global cash management, audit and bank relationships, and compliance.

Coordinate facilities management.

Resolved material weaknesses previously identified in Latin America through restructuring accounting staff.

Managed accounting department including consolidation of company results monthly for financial reporting, including the translation of local languages, currencies, and GAAP of 11 countries for U.S. GAAP compliance.

Team lead for implementation of SAGE ERP.

Ensured compliance with all SEC regulations through preparation and/or examination of monthly, quarterly, and yearly filings.

Maintained global FCPA compliance and met with operations and accounting teams in Canada, Mexico, Chile, Argentina, Brazil, China, and the U.K. to conduct quarterly and annual reviews and ensure corporate compliance.

Negotiated employee medical and 401(k) plans and company insurances.

With CEO attended investor conferences to persuade institutional investors to take or increase equity positions in the company.

SENIOR VICE PRESIDENT, FINANCE (2010 – 2015)

Selected for newly created position during challenging turnaround situation involving company’s $34M loss in its Brazilian operations. Efficiently directed all finance, accounting, IT, and HR functions (e.g., SEC filings, financial statement consolidation, audit scheduling/execution, lending partner compliance, employee benefits negotiations, CAPEX) through extremely lean budget constraints. Managed 10 direct and 30 indirect reports.

Traveled to China, Mexico, Chile, Argentina, Brazil, U.K., and China to conduct financial reviews, foster collaboration with in-country operations and accounting staff, and ensure corporate governance compliance.

Leadership position at Alabama facility that housed US distribution, US customer service, corporate accounting and finance, planning, logistics, IT, HR, manufacturing, and engineering.

Worked with sales and operations management to provide forecasting data for CFO’s presentation to Board of Directors.

Reduced payroll expenses and annual overhead by total of $1.25M through consolidating and restructuring accounting and HR teams from 3 U.S. operations into 1 central location in AL.

Improved integrity of financial reporting and reduced risk exposure in China by supporting the implementation of local software and hiring China-based controller and internal auditor.

Eliminated related T&E fees of auditors and reduced their hours by 30% through creation of paperless environment that also provided management access to critical information via electronic storage.

Captured more consistent, informative data for management decision-making by developing a standard financial reporting package across all global locations and standardizing costing.

Generated $250K annual cost savings by restructuring and overhauling IT department for competency improvements, security enhancements, and risk reduction. Eliminated managed services, migrated to virtual environment, and established disaster recovery site.

CONTROLLER (2007 – 2010)

Promoted to manage accounting operations during international growth period as company opened businesses internationally at a rate of one or more per year and rapidly diversified its product line. Prepared and consolidated monthly, quarterly and annual financial statements, complied with all banking covenants, negotiated employee medical plans, and assisted with cash management and SEC filings. Managed 12 direct and 5 indirect reports.

Drove $150K annual savings by bringing SOX compliance in-house.

Costing responsibility for $40mm inventory comprised of multiple product lines and 1000’s of skus

Captured $3M annual savings by recommending and serving on management team that implemented workforce reduction in the U.S.

Reduced closing days for financials by 5 days per month through implementing financial reporting guidelines for international subsidiaries.

SPECIAL PROJECTS ACCOUNTANT (2005 – 2007)

Managed special projects that improved finance and accounting processes and performance. Created annual budgets for each business unit with CFO, reviewed and costed inventories, prepared profit projections, and partnered with internal audit team to develop SOX compliance program.

Resolved previous issues with audit directives by formulating procedures for capital resource purchasing, maintenance, recording, and reporting.

Prepared for upcoming IRS audit by overhauling fixed asset system, including development of a new budgetary system and documentation that avoided IRS penalties of $200K.

Prior Experience: CORPORATE CONTROLLER / CORPORATE MANAGER, PROCUREMNET & TRANSPORTATION / PLANT CONTROLLER – Wellstone Mills (previously TNS Mills), Greenville, SC. Held positions at a $400M textile manufacturing company with 26 domestic business units.

Education / Additional Information

Master of Business Administration, Finance – Thomas Edison State University

Bachelor of Arts, Political Science (Business Concentration) – Converse College, Spartanburg, SC

Organizations – Regional Council Member, Leadership Alabama; International Rotary; Federal Affairs Council Member, Manufacture Alabama; Chartered Institute of Management Accountants (CIMA)

Contact this candidate