Cost Accounting Financial Controller

Laura Johnson

San Francisco, CA 650-***-**** ************@*****.***

OBJECTIVE

To obtain a challenging, fast-paced, CFO, VP or Financial Controller role in a growing company where the application of my solid professional experience, computer skills, broad experience and initiative can contribute to the achievement of the organization’s goals.

QUALIFICATIONS SUMMARY

§ Functional leader responsible for five separate factories with P&L and cash flow accountability. Reported directly to the CEO. Led an accounting and finance team of fourteen. Created a best-in-class accounting organization. Established a culture of continuous improvement.

§ 20+ Years successfully leading the Finance team of a growing Satellite and Communications manufacturing company with experience in both public accounting and private accounting environments. Expert FP&A and cost accounting skills, including manufacturing accounting and inventory management. Designed and implemented a U.S. Government Approved Cost Accounting System, resulting in over $1B of contract awards.

§ IPO, M&A and Private Equity exit experiences.

§ Strong knowledge base in GAAP, IFRS, SEC, Government FAR & CAS regulations, Sarbanes-Oxley, ASC 606, ASC 842.

§ Professional firsthand experiences in general and cost accounting, auditing, pricing, cost proposals, government accounting and contract negotiations. Excel in complex accounting issues. Strong data management computer skills.

§ Accrual based revenue, deferred costs, capitalization of software development expenses as relevant to SaaS accounting.

§ Successfully performed numerous factory turnarounds, significantly improving gross margins to 40+% in most product lines. Implemented solutions to increase top line growth while managing and improving bottom line expenses. Develop procedures to continuously refine cost and pricing models. Multi-site background.

§ Well organized, analytic decision-maker with a detailed approach to researching and solving problems. Desire to learn and passion for figuring out how things work.

§ Easily move from working with detailed accounting to presenting key concepts to management and the Board.

PROFESSIONAL EXPERIENCE

Sanmina Corporation 2022

PCB Division $600M Revenue

VP, Finance & Controller

Led the accounting and finance functions of four factories located in the U.S. and Asia. Sanmina is one of the world's largest independent manufacturers of printed circuit boards and developers of advanced circuitry.

Managed budget and forecast processes. Discussed revenue and profit bridge analyses with top management. Consolidated financials for plants located in USA, Singapore, and China.

Responsible for a sizable capital asset program across multiple continents. Created a smoother process for evaluating, analyzing, and reviewing facilities, infrastructure, and capital equipment requirements. Developed IRR and cash flow models to predict the timing of cash flow impacts to working capital. Produced new reports to track purchased items compared to detailed budgets. Ensured the CA partial sales and use tax exemption was applied.

Designed workflows and procedures to improve financial reporting and reduce reporting cycle times.

Led QBRs (quarterly business reviews with CEO, CFO), MBRs (monthly business reviews with EVP) and WBRs.

Introduced an insightful look at the true contribution margin of a given product and customer, incorporating Cost of Quality elements (scrap, rework) into the equation.

Collaborated on cost and pricing model for the sales team.

Communications & Power Industries, LLC 1997– 2022

Microwave Power Products Division $200M Revenue

Controller, MBA

Accounting

Responsible for all accounting functions of five factories, including GL, cost accounting, cost proposals, contract review, fixed assets, AP, AR, credit, tax preparation, invoicing, and export documentation.

Led a Finance and Accounting team of fourteen, responsible for all FP&A activity, full accounting processes end to end, cost estimating, pricing, freight arrangements, contract negotiations with U.S. Government.

Develop internal control systems, establish new accounting policies and procedures, and recommend areas for process improvement both financial and operational.

Reduced the monthly close cycle by 50% to 3 days, with preliminary financial results on day +2.

Conceptually designed and implemented a NetSuite ERP system to manage European subsidiary financial accounting consolidations, replacing the European accounting department.

Work fluently with accounting and ERP systems.

Finance

Engage in financial strategic planning and identify future financial initiatives. Prepare annual operating plans and forecasts, as well as longer-term strategic plans and budgets. Create bridge analyses between actuals and budgets.

Work with Operations managers to define detailed sales plans and identify cost reduction targets by product. Developed a sales forecasting system that tracks product development from original kitting to final shipment. Perform input-output analyses to scale each operation from a labor and cost perspective. Bring a cost culture into the manufacturing environment.

Prepare gross profit analyses by customer, product, market segment. Detailed cost and pricing proposals utilizing engineering estimates, actuals, quotes, escalation, yield factors, labor run rates, warranty, and quantity differentials.

Provide monthly, quarterly, and annual reporting requirements, flux analyses and other requests.

Performed full detailed financial reviews of numerous acquisitions.

Deep understanding of how to apply financials to explain and grow profits and reduce costs. Create meaningful KPIs.

Technical Accounting/IPO

IPO in 2006. Private Equity purchased in 2011, two subsequent PE exits followed. Purchase price accounting, asset revaluations, impairments, data rooms and due diligence related to several acquisitions.

Responsible for roadshow presentations, 10-year trends, bridge analysis, backlog runoff, customer markets, challenging programs, reserves, leases. Preparation of different looks of future five- and ten-year projections.

Oversee all revenue accounting transactions according to ASC 606 and 842 standards, including percentage-of-completion, multiple element arrangements and CPFF. Developed ASC 606 policies and procedures.

Special analyses, including warranty reserves, cost to completes on complex development contracts

International consolidation accounting, legal and performance accounting, commissions, inventory valuation, overhead rates, standard variances, and standard cost setting.

Designed and implemented a U.S. Government Approved Cost Accounting System, allowing participation in Certified Cost Proposals and $M+ Government contract awards annually. Prepare Forward Pricing Rates, Final Rates and Billing Rates.

Ensured compliance with all legal and regulatory agencies, including external and government auditors, DCAA, DCMA, FASB, US Customs, California State Franchise Board, SEC. Attended all CFO/BDO audit meetings.

2023 to Current Two year Sabbatical to write a book. Technology and Humanity.

COMPUTER SKILLS

NetSuite, JDE, Oracle 11, Cincom ERP. Work fluently with ERP systems. Microsoft Excel, MS Access. Experience developing, designing, and downloading ERP data to custom MS Access and Excel financial applications. Previous programming experience in Basic, COBOL, Fortran, Pascal, LISP A.I., SAS, Visual Basic.

EDUCATION

MBA Finance, Cal Poly University, San Luis Obispo, CA

BS Finance, Computer Science and Math Minor, San Jose State University, CA

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