DEAN A. DRESSER 512-***-**** ********@*****.*** www.linkedin.com/in/deanadresser
Corporate Finance … Governance … Reporting … Best Practices & Controls Senior Executive with proven success leading financial operations to achieve fiscal goals and bottom-line profitability. Agile, hands-on approach to implementing processes and controls that mitigate risk and identifying opportunities to capture profit growth. Skilled at transitioning objectives into actionable plans, providing leadership to cross-divisional teams, and building relationships with internal and external business partners. Areas of expertise include:
Corporate Finance & Risk Management Profit & Loss Management
Process Improvement & Cost Reductions Budget Development & Administration
Forecasting & Financial Modeling Staff Leadership & Management
Mergers & Acquisitions Margin & Profitability Growth RELEVANT EXPERIENCE
ECS ENVIRONMENTAL SOLUTIONS, LLC, Austin, Texas 2020 - 2021 Chief Financial Officer
Oversaw accounting and finance operations for 2 construction and manufacturing firms with annual revenues of $35M. Reengineered financial planning, accounting, IT, and HR processes to mitigate material weaknesses discovered by external audit in 2019. Overhauled financial procedures to correct $1M in material deficiencies (debt schedules, fixed assets schedules, and WIP) due to inadequate job costing processes, which resulted in no required auditor adjustments for the 2020 financials. Developed financial planning process to accurately predict revenues, margins, and cash flows. Recruited, staffed, trained, and upgraded entire finance, HR, and purchasing departments of 8 staff. Selected accomplishments:
Secured $10M in bonding vehicles to support public projects.
Converted 2 independent financial systems to QuickBooks and standardized chart of accounts to facilitate reporting by products, industries, and geographic locations.
Converted 2 independent payroll systems to Paylocity, improving job costing and saving the company $25K annually.
Standardized companies’ health insurance and corporate insurance plans, saving 10% versus 2019 expenses.
Developed first budget for the companies, allowing leadership team to manage businesses more efficiently. D&D ASSOCIATES, Austin, Texas 2001 - Present
Principal
Consulting for various companies to improve cash flow, financial planning, and systems. Selected accomplishments:
Obtained $8.7M in PPP loan funding for clients in 2020, as well as filed loan forgiveness applications in 2021.
Advised clients on ERC tax credits, enabling them to reduce operating expenses. JIMMY EVANS COMPANY, Austin, Texas 2017 - 2019
Corporate Controller
Oversaw accounting and finance operations for construction firm with annual revenues of $49M. Improved processes and implemented new procedures to mitigate material weaknesses discovered by external audit in 2016. Overhauled financial procedures to correct $1.5M in material deficiencies (debt schedules, fixed assets schedules, and WIP) due to inadequate job costing processes, resulting in no required auditor (RSM) adjustments for the 2017 and 2018 financials. Developed financial planning process to accurately predict revenues, margins, and cash flows. Selected accomplishments:
Revised collection process reducing DSO from 49 days to 36 days and revised A/P processes to increase DPO from 31 days to 38 days, resulting in improved working capital and cash flows.
Amended the property tax accrual process to include all assets to correctly account for financial liabilities.
Developed new monthly sales tax accrual / payment process to mitigate errors discovered in 2016 Texas Sale Tax audit that resulted in $300K of additional taxes and penalties. CLEAR VIEW GROUP ADVANTIS CERTIFIED STAFFING SOLUTIONS INC., Austin, Texas 2015 - 2017 Senior Vice President, Finance and Chief Financial Officer Oversaw fiscal operations for professional services staffing company with annual revenues of $18M and managed acquisitions of Ebony Magazine (revenues of $20M) and Starline/TDM (revenues of $16M). Managed accounting, treasury, human resources, IT, and administrative functions, including GAAP compliance, financial reporting, governance, internal controls, and contractual matters. Supervised 4 direct and 3 indirect reports. Selected accomplishments:
Implemented accounting policy and process change to achieve GAAP standards, increase working capital, and develop staff to enhance efficiency while reducing department size 37%, capturing operating expense savings of 46%. DEAN A. DRESSER 2
Negotiated and captured total tax savings of $1.3M from the IRS and $400K from 19 state jurisdictions.
Reduced past due accounts of 90+ days to less than 1% in 90 days by implementing enhanced collections processes.
Led due diligence on a $225M target company, identifying risks, which resulted in the termination of the acquisition.
Championed the improvement of overall business unit and client base management by defining and establishing comprehensive internal financial operations review package, including P&L and balance sheets. ASSURANT FIELD ASSET SERVICES LLC, Austin, Texas 2012 - 2015 Senior Vice President, Finance and Corporate Controller Directed accounting and treasury operations, including GAAP compliance, financial reporting, corporate governance, and internal controls. Managed a team of 5 direct and 23 indirect reports. Selected accomplishments:
Eliminated accounting errors and omissions of revenue and royalty and verified fixed asset issues by changing processes to enhance GAAP standards, improve working capital, and optimize staff efficiency, while reducing expenses 32%.
Developed and managed an enhanced collections process against a $15M A/R portfolio, resulting in reduced past due accounts of 90+ days from 18% of total balance to less than 6% in 100 days.
Reduced sales tax liabilities in 12 jurisdictions by over $800K.
Reduced travel savings $120K and telecommunication costs $35K by leading service provider negotiations.
Improved business unit management and client base by designing a new internal financial operations review package, helping to improve margins 3% and reduce costs 10%. KLD ENERGY TECHNOLOGIES INC., Austin, Texas 2010 - 2012 Vice President, Finance and Corporate Controller
Led accounting operations, including GAAP compliance, financial reporting, corporate governance, internal controls, Oracle 12.0 ERP system development and maintenance, and cost accounting functions. Implemented accounting policies to improve GAAP standards while enhancing internal controls, key business driver visibility, and investor reporting. Managed finance, IT, procurement, and HR, while leading a team of 6 direct reports. Selected accomplishments:
Partnered with Ernst and Young LLP in conducting due diligence, including quality of earnings analysis, taxation, and legal; yielded $3.2M in added valuation by identifying cost and tax savings while attaining a 150% profit on the sale of a subsidiary.
Championed an initiative to attain all GAAP standards for financial accounting and reporting, resulting in improved internal controls, increased business driver visibility, and a 33% reduction (10 days) in investor reporting timelines.
Improved collections for a $20M A/R portfolio, reducing 90+ day past due accounts to less than 10% in 100 days.
Led negotiations with current and new service providers, realizing total cost savings of $610K. ARGYLE SECURITY INC., San Antonio, Texas 2007 - 2010 Chief Accounting Officer and Vice President, Finance Managed finance, administrative, IT, and HR functions, including financial reporting, GAAP compliance, governance, internal controls, FP&A, and corporate and cost accounting. Managed due diligence and all facets of implementation for 6 acquisitions. Supervised a team of 22 with 6 direct reports. Selected accomplishments:
Instrumental in securing $18M in capital through two preferred stock offerings with investment banking partners by developing a five-year financial planning model to provide internal financials in acceptable GAAP/SEC reporting formats.
Mitigated SEC and GAAP compliance risk by redesigning accounting and financial reporting processes; eliminated revenue recognition and accounting weaknesses, saving $250K in annual outside audit and tax preparation fees.
Complied with Sections 404 (a) and (b) by overseeing governance compliance and the implementation of controls.
Reduced DSO 50% for a $25M A/R portfolio; managed A/P and vendor relations, improving DPO to 36 days.
Authored Forms 10-Q, 10-K, proxies, and stock registrations, including S-1 and S-8 with no adverse SEC feedback. Early Career History: Senior Director & Corporate Controller, ClearCube Technology; Director of Finance and Administration, Cruzan Calling; Senior Finance Manager & Manager of Finance, Dell Computer Corporation; Manager, Financial Planning, Pinnacle Brands Inc.; Planning Manager, ITI/Oncor; and Bank Examiner, Federal Deposit Insurance Corporation. EDUCATION
PURDUE UNIVERSITY – KRANNERT SCHOOL OF BUSINESS, West Lafayette, Indiana Master of Business Administration in Corporate Finance BUDAPEST UNIVERSITY OF ECONOMIC SCIENCES, Budapest, Hungary Master of Business Administration in International Business UNIVERSITY OF TEXAS, Austin, Texas
Bachelor of Business Administration in Finance