MELVIN A. COWGILL, MBA, CMA

Moneta, VA ***** / 901-***-****

adngcw@r.postjobfree.com / www.linkedin.com/in/melvin-cowgill-mba-cma-ab671b49

Professional Credentials and Areas of Expertise:

Finance/Accounting professional with CMA and MBA. Strong, experienced manager with broad based financial management experience, operations and fiscal emphasis. Skilled at driving profit improvement, cost savings, streamlining operations, implementing ERP packages. Adept at analyzing functional issues with a focus on increasing process efficiency and profitability. Change management, process improvement, best practices.

Accounting Management; G/L controls

Performance Analysis/Measurement

Financial Reporting; Internal/External

Cost Accounting; Standard/Job/ABC

Cash Flow Planning/Management

Financial modeling; Data mining, data bases

Financial Analysis/Forecasting

M&A Analysis/Due Diligence/New Ventures

IT Development; ERP Implementation

Internal auditing; SOX Compliance

Process Improvement; Best Practices

Internal controls: SOX compliance

Career Experience:

Lee Hartman & Sons, Roanoke, VA

Controller 9/19 – 10/20

Directed all financial and accounting activities for this dynamic high technology audio visual supplier and major installation installer. Developed and implemented financial reporting process to decrease timeline up to 12 days. Created financial reporting, tightened internal controls, conducted financial/performance analysis for operational excellence. Implemented MS GP Business System.

Reduced closing timeframe by 10 days

Reduced past due accounts up to 50% by improved A/R collection focus, methodology, customer relationships.

Implemented internal auditing process and established structure and methodology.

Enhanced 30% cash flow and streamlined internal controls through targeted best practices.

DS Smith Packaging, Roanoke Div.

Assistant Controller - Project, interim - 6/18-Project end date 6/19

Family owned packaging manufacturer acquired by large int’l corp. Integration accounting, closing and control improvements, systems conversions, established metrics and comparative analysis. Oracle & Hyperion systems.

Reduced closing time frame from 10 days to 3 days. Implemented structured financial reporting processes.

Faber CPA Firm, Hardy, VA

Certified Management Accountant 1/16 – 4/18

Taxes, financial management, client projects, cash management, financial analysis, business planning.

Precision Technology, Roanoke, VA

Controller 03/11 – 11/15

Rapid growth pneumatic actuator control systems manufacturer

Led forensic and accounting focusing on profit improvement and cash flow. Headed accounting function, drove cost reduction, tightened inventory control, improved ERP system management, increased cash flow. Created interactive cost data base. Developed and managed high performance accounting staff.

Drove lower products costs, improved financial reporting, budgeting, financial planning, analysis, tightened internal controls. Quick Books and SAGE business systems.

Gulf States Manufacturers; Div of Nucor Corp, Starkville, MS

Controller 10/01 – 09/10

Heavy metal fabrication, lean manufacturer with $90 million annual sales. Implemented controls and best practices, drove strategic pricing initiatives, initiated process improvement, managed SOX compliance, led profit improvement, improved scrap reduction, headed financial planning, negotiated business contracts, managed HR & risk management.

Streamlined order and contract review/approval activities by process reengineering; initiated full on line process, automated process flow & tracking, slashed approval times and error rates by over 25% each.

Directed professional level high performance finance team. Led internal auditing programs.

Initiated scrap reduction program that resulted in ongoing $200,000 annual cost reduction

Created relational cost database; installed performance metrics, scrap tracking, efficiency improvements.

Focused on asset management & best practices. Improved DSO 28% and cash flow 33 %, inventory turns 30%.

Developed sophisticated cash forecasting models; managed cash flow, increased forecasting accuracy 20%.

GE Financial Assurance, Lynchburg, VA

Finance Leader 8/00-8/01

Department head responsible for cost, budget, financial planning function of $700 million financial services unit.

Developed innovative business case financial model to allocate base cost to >1000 product/channel combinations. Saved six FTE’s and $60K per quarter. Completed Six Sigma Green Belt requirements.

Successfully directed multi-functional project team to reduce annual T & E cost by $2 million.

Parker Hannifin/Wynn’s Precision, Inc., Lynchburg, VA

Controller 9/97-6/00

Full responsibility for all finance/accounting, cost accounting, pricing, human resources, risk management, and IT for this rapid growth OEM Tier 1 auto parts manufacturer. Annual sales $90 million. Continuous improvement process manufacturing. Heavy system implementation, cost accounting, operations/financial analysis, performance measurement, product pricing, cost reduction. Performed M&A analysis and due diligence. Led implementation of fully integrated ERP business system. ISO-9001 and QS-9001 certified.

Led multi-functional team in ERP system conversion and implementation of total business solution package. Included MRP and bar coding RF applications. Achieved objectives within allotted timeframe and budget.

Resolved longstanding and costly customer pricing and product cost problem. Created new product quote and pricing system, reworked cost files to update standards, BOM’s, product routings, and data base link.

Exploited pricing and margin opportunities that increased profits $200 M annually.

Crown Simplimatic, Inc., Lynchburg, VA

Division Controller 2/89-9/97

Controller for the largest division of a $120 million (800 employees) global packaging, conveyor and filling equipment manufacturer. Full responsibility for all financial accounting, cost accounting, and inventory management for this four plant division. Heavy concentration in financial reporting, job cost accounting, systems development, financial analysis, forecasting, business planning. Also responsible for corporate credit/collections.

Directed currency exchange, financial reporting, transfer pricing, and other financial issues with international operations in United Kingdom, Belgium, and Mexico.

Performed M& A analysis, due diligence, and handled accounting integration of foreign unit acquisitions.

Prior positions as Cost Accountant, Accounting Manager, Director of Accounting with major food processing manufacturer & distributor (McCormick).

EDUCATION AND OTHER

University of Lynchburg, Lynchburg, Virginia

Master of Business Administration, Business/Finance

Institute of Certified Management Accountants

Certified Management Accountant (C.M.A.)

University of Redlands, Redlands, CA

Bachelor of Science cum laude - Business Administration, Accounting Emphasis

Technical Skills/Experience

Software: MS Office Suite, CMS, Oracle, JD Edwards, MAS90, Microsoft Dynamics GP, Hyperion, Quick Books Enterprise, Cognos, Crystal Reports, SAGE 100, HRMS

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