CFO/Controller
Resume:
Jeffrey H. Masters Senior-Level Finance Executive
*******.*.*******@*****.*** 217-***-****
Results-oriented corporate controller with extensive experience within competitive markets. Analytical strategist skilled in implementing initiatives that successfully advance organizational initiatives. Collaborative communicator focused on building relationships across business lines. Proven track record of streamlining processes and delivering cost savings.
Strategic Planning & Forecasting
Lean Manufacturing Processes
Revenue & Profit Growth
Balance Sheet Analysis
Accounts Payable Initiatives
Project Administration
Organizational Materials Inventory
Staff Training & Leadership
Reporting Structures
Experience & Notable Contributions
Hodgson Mill Inc · Effingham, IL · 2016 to 2019
CFO/Acting COO
Direct aspects of the Finance Department such as general ledger, fixed assets, audit, IT, accounts receivable and accounts payable.
Direct all Operational initiatives including Operations, Quality Shipping, HR, and IT
Contributions & Process Development:
Reduced operating costs by$ 2.5M in my first year.
Reduced inventory by $2M through Improved Purchasing Processes with the use of KPI’s and analyzing MOQ’s
Drove Operational improvements with the use of KPI’s and hourly manufacturing boards at each critical operation.
oThis led to the elimination of 28% of the labor cost
Developed and implemented daily financial KPI reporting.
Closed underperforming divisions saving $1M annually.
Restructured the organization, eliminating nonessential positions while adding high performing talent
oSaved $250K annually
Drove cost improvement in freight through better utilization of data.
oEliminated a third-party freight consolidator saving $400K annually.
Reduced employee expenses by $500K while improving health coverage options
DONCASTERS MECO · Paris, IL · 2015 to 2016
Controller
Direct aspects of the Finance Department such as general ledger, fixed assets, audit, IT, accounts receivable and accounts payable.
Contributions & Process Development:
Reduced operating costs by $250K annually through elimination of waste in the manufacturing facility.
Implemented automated purchase requisition module within Epicor leading to the elimination of $150K annually.
Developed and implemented daily financial KPI reporting.
Division was closed.
LEEDO MANUFACTURING COMPANY · Stafford, TX · 2013 to 2015
Corporate Controller
Implement lean manufacturing processes in multiple facilities through partnerships with the Operations group. Identify costs minimizing profitability to support daily, weekly and monthly Operations meetings. Created an automated accounts payable system to increase efficiency and accuracy of payables data and eliminate superfluous personnel. Direct aspects of the Finance Department such as general ledger, fixed assets, payroll, audit, insurance and accounts payable. Lowered close process by four days.
Contributions & Process Development:
Initiated clean-up of the balance sheet including the monthly reconciliation of all balance sheet accounts.
Steered system re-implementation with analysis of current MS Dynamics Great Plains set-up and required changes.
Enhanced the accounts payable process and utilized discounts to lessen the days of payables outstanding by 50%.
Established a new payroll system that automated integration with financial systems and eliminated two closing days.
Implemented weekly Financial KPI reporting.
Reduced Inventory by 3M in year one.
GULF CHEMICAL AND METALLURGICAL CORPORATION · Freeport, TX · 2012 to 2013
Controller
Supervised balance sheet clean-up processes that led to the first set of audited financials in four years. Oversaw the first complete physical inventory including all raw materials. Crafted a new monthly reporting structure. Emphasized process for accounting all cost elements for the costing process in the ERP system. Boosted tracking of fixed assets through Sage Fixed Asset Software. Originated system for tracking capital projects through completion. Supervised two accountants.
Key Accomplishments:
Minimized potential liabilities from $6M to $750K with state sales tax auditing over five years and two ERP systems.
Decreased supplier issues and vendor calls by 80% with integration of new best practices within accounts payable.
DANA HEAVY VEHICLE MANUFACTURING DIVISION · Glasgow, KY · 2008 to 2012
Controller
Developed models that improved forecasting accuracy and eliminated time from the budgeting process. Guided first organizational physical inventory in over a decade with a less than 1% adjustment. Pushed daily reporting methods that reported EBITDAR results as well as sales, inventory, expense by line. Secured a $6.9M KIRA grant from the state.
Key Accomplishments:
Shrunk conversion cost per hour by 25% year over year by implementing lean manufacturing processes.
Distinguished for superior forecasting model with roll-out throughout the entire Heavy Vehicle Division.
Built expense tracking model that tracked expenses against the budget and put accountability on managerial accounts.
Reduced inventory by more than 20%.
Implemented SOX controls in the plant.
Developed 3 yr. Strategic Plan
Sensus Precision Die Casting · Russellville, KY · 2006 to 2008
Controller
Negotiated and established a Chinese Joint Venture. Setup and established all fiscal procedures and reporting for the joint venture as well as the Russellville location. Also responsible for all commodities purchasing including Aluminum and Natural Gas.
Key Accomplishments:
Led the SOX implementation process at our US plant..
Developed models to improve our forecasting ability and eliminate time from the budgeting process
Established procedures for Costing product and Quoting new orders.
Updated Cost standards at the Russellville facility for the first time in recent history.
Responsible for all Capital project development.
Established Standard Cost system at Chinese facility.
Developed 5 yr. Strategic Plan
Additional experience as Controller and Project Manager at CNH America, Controller at Autocar and Division Controller, Plant Controller and Assistant Plant Controller at Trailmobile Trailer, LLC
Technical Proficiencies
Hyperion HFM
JD Edwards
Kronos
Epicor
MS Dynamics Great Plains
QAD MFG/Pro
Ross Financial Systems
Sage Fixed Assets
Education & Affiliations
BACHELOR OF SCIENCE, ACCOUNTING SOUTHERN ILLINOIS UNIVERSITY Carbondale, IL 1987
Sigma Phi Delta, International Professional Engineering Fraternity: CFO and Supreme Council Member, 2012 to 2017
Effingham County Tourism Advisory Board: Board Member, 2016 to 2019
HOPE of East Central Illinois: Board Member, 2017 to Present
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