EDWARD J. MURRAY

** **** ******, ******, **** ***36

330-***-**** adzq5k@r.postjobfree.com

Tenacious leader who capitalizes on opportunities to increase revenue, profit and market share. Exceptional communicator comfortable from the plant floor to the boardroom. Highly skilled in building long-term relationships and balancing customer/employee needs with corporate objectives.

PROFESSIONAL HISTORY

BASS SECURITY SERVICES, INC., BEDFORD HEIGHTS, OHIO

WHOLLY OWNED SUBSIDIARY OF COOK AND BOARDMAN GROUP (as of December 1, 2021)

CFO 2018-2022

Recruited by CPA firm to assist client whose CFO and Controller had resigned. Company was in default position

with lender. Assumed CFO role of Finance Department.

Worked with Owner to manage Cash position, Accounts Receivable and Accounts Payable on a daily basis until

lender paid in full. Continued that process for four years without incurring any additional debt.

Assisted Owner with divesting an out of state division. (April 2018)

Worked through a cyber event (February 2019) managed by an outside mitigation firm. Wound down one of two ERP systems the Company was utilizing.

Maintained Finance Department during COVID with reduced staff and while working remotely. Successfully applied for PPP loan and subsequent 100% forgiveness.

Fulfilled Due Diligence requests related to the sale of the Company. (August-December 2021) Managed the Finance Department through the transition to centralized control.

ALUMINUM LINE PRODUCTS COMPANY, INC., CLEVELAND, OHIO 1998-2016

$100 MILLION FAMILY OWNED METALS DISTRIBUTION AND FABRICATION COMPANY

President & CEO 2003-2016

Led a team of experienced professionals to grow the company from $40 MM to $100 MM.

Established greenfield operation 2014 in Elkhart, Indiana.

Initiated Quality Control System leading to ISO Certification. Pursuing Continuous Improvement throughout the organization. Monthly tracking of KPI.

Diversified market served from commercial transportation to energy segment by adding manufacturing capabilities to produce components for geodesic domes for large steel oil storage tanks, foreign and domestic.

Managed assets to maintain DSO's below 40 days and improved inventory turns from 3.5 to 7.

Instituted structured pay scales for both hourly and salaried personnel.

With the Team managed to maintain vendor relationships despite multiple significant vendor consolidations.

Maintained excellent banking relationship from 2005 to present.

Successfully navigated through downturn of 2008-2009 in a period of 67% drop in revenue.

Eliminated $18 MM bank debt, cut inventory in half, reduced expenses by $3 MM annually combined reduction of headcount and management salary cuts. With minimal bad debt and inventory write downs.

President, CEO & CFO 2003-2005

Held dual position of CFO and President/CEO from July 2003 until 2005.

VP Finance & Planning / CFO 1998-2005

Recruited by founder and outside financial advisors of successful 38-year-old family company to analyze operations and lead major organizational restructuring and eventually succeed him.

"Prepare the company for sale without the intention of selling it”.

Produced monthly financial statements for the first time since the company’s founding with Excel.

Instituted internal controls over Cash, Inventory, Accounts Receivable and Accounts Payables.

Created systems to control inventory by specific identification by item including aging and traceability.

Initiated production reporting by master coil to insure proper yield, calculate scrap loss and insure traceability.

Organized the physical plant by sections to facilitate and identify the location of items.

Designed reports to summarize management information. Accounts Receivable Aging, Month End Inventory/Accounts Payable cut-off report, Inventory Receiving reports; initiated the inclusion of processed inventory in the specific identification tag system, previously recorded in bulk with no traceability.

Led the search for an appropriate ERP system to replace home grown Macintosh based record keeping program. (Installed April 2007.)

KEN-MAC METALS, INC., CLEVELAND, OHIO 1982-1998

WHOLLY OWNED SUBSIDIARY OF THYSSEN-KRUPP

Vice President / Treasurer / CFO / CPA 1983-1998

1 of 3 executives that reported directly to the chairman, instrumental in growing company from $18 million to $200 million revenue and 20 to 200 employees

Responsible for all financial and HR functions. Concentration on managing key assets: Inventory, Accounts Receivable and Cash

Managed financial/operational due diligence for majority shareholder in four unrelated acquisitions.

Managed relationships with external professionals including commercial bankers, investment banking firms, attorneys and accountants.

Managed sales compensation plan; improved profit making it possible to attract top industry performers.

Established financial/operational controls for 2 greenfield facilities generating $71 million revenue.

Point person for 1994 sale of company to $25 billion German conglomerate; remained in leadership role after acquisition.

Assisted CFO of Thyssen N.A. on various projects including analysis and evaluation of operations of other subsidiaries.

Comptroller / CPA1982-1983 Sales $18MM to $34 MM

Established financial/operational controls including initiation of basic journals to track profit per sale as well as publish monthly financial statements for the first time since the company’s founding in 1968.

Led search for computer system for inventory management and financial reporting. Installed November 1983.

Point person for 1983 sale of company to private investor.

BarnesWendling CPA’S, Cleveland, Ohio

Staff Accountant Passed CPA Exam November 198*-****-****

EDUCATION

B.A., Economics & Business Major, Alfred University, Alfred NY 1972

Additional Accounting Courses, John Carroll University, University Heights, OH 1978-1980

CPA Certification, Ohio (Inactive) 1982

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