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Cash Management Financial Reporting

Location:
Whitmore Lake, MI
Salary:
commensurate with responsibilities
Posted:
August 01, 2023

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Resume:

MARK A. REYNOLDS, CPA / CFA

*** ********* ****: 734-***-****

Whitmore Lake, MI 48189 adyng6@r.postjobfree.com

http://www.linkedin.com/in/markallenreynolds

FINANCE EXECUTIVE

CFO / Vice President, Finance

Results-oriented Finance Professional with high ethical standards, 20+ years experience. strong international background, and a proven track record of partnering finance with operations, sales, marketing, HR and IT to drive long-term gains in business performance, revenues, market share and bottom-line profits. Consistently effective in business development, optimizing capital, reducing risk and increasing corporate liquidity. Strong project management, leadership, communications, interpersonal relations, and organizational development skills. Conversational in Spanish.

Annual & Strategic Planning ~ GAAP/IFRS ~ Capital Investment ~ Working Capital Management ~ Audits ~ Investor Relations ~ Financial Systems ~ Leadership ~ Team Building ~ Financial Reporting ~ Manufacturing Accounting ~ Treasury ~

Internal Controls/ SOX ~ M&A & Integration ~ Cash Management ~Turnaround & Growth Businesses ~ Contract Negotiations ~ Taxes ~ Corporate Consolidations ~ Transfer Pricing ~ Cost Reductions

Leadership Initiatives:

•Negotiated and procured loans amounting to $1.2 billion resulting in $20 million in interest savings through loan pricing and structuring covenant requirements

•Negotiated $1.3 billion of acquisitions resulting in the completion of acquisition(s) and integration(s) of $275 million – 21% effectiveness, increasing annual revenues and profitability by $295 million and $21.5 million, respectively

•Implemented cost effectiveness initiatives as a member of the Executive Team, driving operational cost reductions by $60.0 million on an annual basis

•Improved working capital strategies increasing cash flow $70 million on an annual basis, $58 million within one year

•Implemented planning systems, developed working capital strategies, cost containment and strategic capital investment strategies that increased profitability 75% for a $200 million company in one year

MBA, International Finance, Michigan State University, East Lansing, MI

BS, Production Economics, Michigan State University, East Lansing, MI

Studied Accounting, Henry Ford Community College, Dearborn, MI

Certifications: CFA (Charlottesville, VA; 1993) and CPA (WI; 2006)

PROFESSIONAL EXPERIENCE

CREATIVE VALUE CONSULTING, Ann Arbor, MI

President / Owner, 2014 – Present

Provided financial consulting and acted as an interim CFO and controller for small and medium sized companies. Worked with client management teams providing deliverables in financial reporting & planning, audit, internal controls, systems, treasury/cash management, M&A, working capital and operational effectiveness initiatives, and corporate taxes.

•Assisted in the due diligence of a multi-million dollar artisan baking company developing a purchase price, isolating initiatives, risk and opportunities to drive the successful acquisition.

•Assisted in the development of a business plan to provide structure to an Electric Vehicle(s) start up increasing attraction of funds from investors and coherence of financial projections with initiatives.

•Developed a business proposal for Electric Vehicles and infrastructure for Ghana with the opportunity to expand through out Western Africa providing avenue to attract investors and structure for growth.

•Developed a legal strategy for defense of a million dollar Trust in court and won decision.

•Developed Excel spreadsheets for clients in accordance with GAAP and Tax compliance guidelines for financial reporting, strategic and annual planning facilitating bank loans and valuations and delivering tax effectiveness.

SEABOARD CORPORATION, Shawnee Mission, KS

FINANCE DIRECTOR, 2011 – 2014

SEABOARD OVERSEAS TRADING GROUP, Tema, Ghana, 2013 – 2014

Directed all finance, accounting, IT and security functions for this start-up, multi-million dollar, international milling manufacturer. Supervised functions at 1 production facility, directed and managed cash management network, IT and security function, managed a staff of 10. Responsibilities included developing standardize accounting procedures in accordance with GAAP/IFRS, attracting additional capital funds, managing a global cash management network, managing all inventory movement and being Board Secretary.

•Worked jointly as part of an Executive Management group to increase operating earnings by +100% in one year.

•Developed and implemented financial reporting procedures improving financial reporting time and accuracy of by 90% in 4 months.

•Developed and implemented IT internal controls improving segregation of duties by 100%.

•Developed and implemented Financial Closing and Inventory internal controls resulting faster cycle time by 90%.

•Reduced foreign exchange risk by 50% by implementing a foreign exchange program with lead bank.

•Increased audit effectiveness by 90% and reduced audit exceptions by 95% which all were immaterial.

•Led financial reporting group to bringing financial reporting compliant with IFRS and USGAAP in 7 months.

MARK A. REYNOLDS adyng6@r.postjobfree.com PAGE TWO

SEABOARD OVERSEAS TRADING GROUP, Lesotho Flour Mills, Lesotho, Africa, 2011 – 2013

Directed all finance, accounting, IT and security functions for this rapidly growing multi-million dollar, international milling manufacturer. Supervised functions at 1 production facility, directed and managed cash management network, IT and security function, managed a staff of 40.

Responsibilities included developing standardize accounting procedures in accordance with GAAP/IFRS, attracting additional capital funds, managing a global cash management network, member of the Audit Committee and executive team member of local charity.

•Worked as Executive Team Member driving Revenue growth of 32.5%, growing Operating Profits by 41.4%, reducing Financing costs by 33.2%, and holding taxes essentially even, resulting an 10.0 basis point improvement in Return on Equity year on year.

•Reorganized the finance group, focusing on segregation of duties increasing internal controls, streamlining and automating processes, and enhancing financial analysis. Upgraded skills of financial employees

•Negotiated and obtained increased bank loans to fund growing operations resulting in increased working capital funding by +200% while reducing loan pricing

•Improved operational cash flow by accelerating collections of accounts receivable by 25% and increasing trade payables by 50% by reducing payments to bi-weekly versus daily.

•Increased audit effectiveness by 90% and reduced audit exceptions by 95% which all were immaterial

•Reduced the financial closing time by 50% from 4 weeks to 2 weeks

•Recommended financial group reorganization enhancing Segregation of Duties in Credit, Invoicing and Treasury.

•Developed and implemented a group of business leaders in Lesotho with the primary objective to increase food production and reduce country starvation with the purpose of driving food sustainability.

•Developed and implemented internal controls for local charity – Kick for Life – for cash donations and expenditures improving control for all donations and expenditures.

REYNOLDS CONSULTING, Ann Arbor, MI

President / Owner, 2007 – 2011

Successfully launched a consultancy providing interim financial management for manufacturing and distribution businesses. Worked with client management teams providing deliverables in financial reporting & planning, audit, systems, treasury/cash management, M&A, working capital and operational effectiveness initiatives, and taxes.

MURPHY-BROWN, LLC, Warsaw NC

International Director, Finance & Accounting, Romania, 2006 – 2007

Directed all finance and accounting functions for this rapidly growing multi-million dollar, international hog producer. Supervised finance functions at 60 production facilities, directed and managed cash management network, and managed a staff of 30. Responsible for developing internal controls and accounting procedures for all international company locations, develop an integrated planning process, and obtain capital funding for contract grower program.

REYNOLDS CONSULTING, Germantown, WI

President / Owner, 2002 - 2006

Provided financial consulting and acted as an interim controller for NYSE and NASDAQ manufacturing companies.

LINK SNACKS, INC., Minong, WI

CFO, 2001 – 2002

Directed all finance, IT & HR functions for a global staff of 28, for this rapidly growing multi-million dollar global meat snacks company, having three domestic and two international sites, providing company with platform to grow to the next level of sales and operations. Priorities included developing standardize accounting procedures in accordance with GAAP/IFRS, attracting additional capital funds and managing a global cash management network.

CONAGRA, INC, Omaha, NE

Senior Financial Manager, 1998 – 2001

Directed finance activities, focusing on fastest growing multi-channel domestic and international businesses. Standardized the planning function, facilitated IT systems for international business, handled M&A and integration, managed approval of $46 million in marketing funds, reduced financial staff, and upgraded skill-set of employees. Managed 4 financial professionals.

PROFESSIONAL AFFILIATIONS

American Institute of Certified Public Accountants ~ CFA Institute

Detroit Chapter – CFA ~ Finance Leaders Association ~ Financial Executive Networking Group

Financial Analyst Federation

FINANCIAL SYSTEMS

SAP ~ JD Edwards ~ Oracle ~ Plex ~ PRISM ~ NaVision ~ IFS ~ Hyperion Pillar ~ MAS ~ Quickbooks ~ Microsoft Office (Advanced)



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