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VP of Finance/Financial Controller
Articulate, analytical accountant with 30+ years' experience across a variety of industries including start-ups. Motivated and driven to implement cost savings initiatives and implementing system updates. Collaborative communicator and hands-on supervisor focused on training and developing staff to achieve organizational goals and objectives. Expert at financial statement review and preparation along with annual audits.
Areas of Expertise
Mergers & Acquisitions
ERP system implementation
Debt Monitoring & Compliance
STRATEGIC MATERIALS, INC., Houston, TX March 2007 - March 2015, May 2018 – Present
VP of Finance and Treasury, May 2021 - Present
Corporate Controller, May 2018 – May 2021
Director of Corporate Financial Reporting, March 2009 - March 2015
Division Controller - U.S. Region, March 2007 - March 2009
Oversaw the financial reporting of a multi-divisional recycling resource company with a $510MM gross revenue, report directly to CFO and overseeing the reporting of eight divisional controllers.
Manage operating division projects from concept to implementation ranging in value from $1MM to $5MM/ Defined and facilitated divisional business plan operations to increase earnings based on past, present and expected earnings. Monitored and reviewed debt covenants leveraging borrowing base reporting; restructured debt achieving a 1.5% reduction in the interest rate. Prepared year-end audit schedules and financial reporting allowing for more efficient external auditing, reducing audit fees by 50%. Perform liquidity analysis and stress testing maximizing the use of liquid cash funds. Led system implementations to improve the utilization of network systems resulting in merger acquired company’s data conversation within two months after acquisition.
Key Accomplishments as the VP of Finance/Corporate Controller:
Establishing best business policy and practice for the Accounting Department, resulting in a reduction in audit and tax fees by 50%.
System application maintenance, requirement documentation, data load and validation process.
Microsoft 365, Business central ERP System project implementation management, successfully completed within 24 months. Project scope included: Documenting project requirements, the configuration of several multi- currency legal entities, financial ledger setup including orders, multi-currency Consolidation, contracts and subledger configurations, Master Data configuration, Historical data migration. Creating business Intelligence reporting, with dashboard views.
Developed the budget and forecast model templates for the 40 plants and three global regions.
Collaborated on company banking instruction to restructure company debt, resulting in a 2% decrease to the debt increase rate and 2MM additional addbacks allowable to the company’s bank compliance certificate.
Spearheaded the development and implementation of a monthly consolidated financial statement reporting package, for US, Canada, and Mexico, decreasing month-end close from six weeks to seven days.
Member of product system Implementation user group forums which test new cloud-based ERP systems before they go to market. Oracle Financial Consolidation & Close Cloud Services and BC are my current user Groups. Comparing system setup and operations for tasks such as Master data configuration, general ledger data pull and loads. Setup and testing close process and financial statement tools and template, for Cash flow, Balance sheet, Income statement & entity eliminations.
Project Management, analyzing each phase of construction and customer sales projects, ensuring projects expenses were completed on time within the require project forecast.
Key Accomplishments as the Director of Corporate Financial Reporting:
Spearheaded the development and implementation of a monthly consolidated financial statement reporting package decreasing month-end close from six weeks to seven days.
Collaborated on a corporate restructuring to achieve a state tax savings and decrease audit fees by 10% by designing internal controls procedures.
Key Accomplishments as the Division Controller – U.S. Region:
Organized due diligence scope and testing process for potential acquisitions, resulting in reductions to purchase prices, average saving of $700K per acquisition.
Revised staff training providing an improved organizational experience and understanding of key business objectives.
EADS DISTRIBUTION LLC, Stafford, TX
Corporate Controller, March 2015 – May 2018
Manage the accounting department of $350MM, reporting directly to CFO and Private Equity firm.
Establish departmental best practices and procedures to shorten year-end auditors and reduce audit fees; assemble year-end audit schedules and financial reporting. Negotiate bank debt refinancing and debt compliance packages including the bank compliance and borrowing base. Implement Profit 21 into acquiring divisions. Perform internal audits and ISO policies and reviews. Leverage financial modeling, financial planning and forecasting to develop divisional targets and business objects. Monitor treasury tasks to save interest, pay down debt and cushion the bank compliance leverage ratios.
Decreased financial month-end close from six weeks to 10 days by preparing and reporting monthly financial statements for 15 operating units.
Compiled and maintained monthly consolidated financial statements.
Assessed acquisition and investment performance along with schedules and transaction reporting leader to a shorter due diligence testing by acquiring company resulted in a 45-day close.
Enforced best business controls which allowed the company to be sold at 11 times EBITDA compared to the industry standard, 10, resulting in an additional $27M for investors.
Reconciled inventory resulting in a $200K per year savings in obsolete inventory.
UHY, Houston, TX
Senior Auditor, September 2005 - March 2007
Executed full spectrum accounting and auditing functions as part of the client services group, specializing in the oil and gas industry.
Establish systems to enable companies to consolidate financial statements for multiple legal entities.
Launched Sarbanes Oxley projects and developed best practices and procedures for clients. Served as the project leader for system implementations to improve the utilization of network systems by the clients. Identified state tax savings as a result of corporate restructuring.
Orchestrated due diligence scope and testing process for potential acquisitions saving an average of $700K in purchase prices per acquisition.
Improved bank relations and negotiated bank debt refinancing leading to revised interest rates and lower annual bank fees ($80K per year).
Increased employee productivity by 10% with the initiation of a standardized employee review process and training.
Additional experience as a Senior Financial Analyst at Sulzer Pumps US Inc., in Brookshire, TX, a Regional Financial Controller at Noskab Inc., in Houston, TX, a Financial Accountant at Converse Inc., in Surrey, England and a Senior Finance Manager at SOGO (UK) LTD. in London, England.
Post Graduate Accountancy Certificate
University of London (Queen Mary University), London W1
Bachelor of Arts in Accountancy and Law
University of London (Queen Mary University), London W1
Association of Chartered Certified Accountants (ACCA) Member
Professional training for ACCA performed under the EY professional work program, which was a two-year training program focusing on training in all aspects of financial statement preparation through audit procedures.
Microsoft Excel, Microsoft Word, BI, Access, SQL, Crystal report writing tools and ERP accounting systems including SAP, Oracle & Oracle FCCS, MS Dynamics NAV and BC, NetSuite, Sage, Accpac, Great Plains, Rubicon, Hyperion, Mach 4, and QuickBooks.