Financial Reporting Data

RICHARD E. BIGGS

SEC Financial reporting

Leadership/communication skills

Budgeting/Forecast development

Strategic Plan development

Cash Flow review & analysis

Performance Analysis

ERP implementation

Financial management

Financial Valuation and modeling

Internal Controls - SOX

Policy & procedure development

Risk Management

Project Development/Management

Account Reconciliations

Cost Accounting & Inventory analysis & control

In my position as Controller at a major automotive component supplier, I was at the facility at a time of change in customers and processes. The plant transitioned from a 42% Gross Margin product to a 24% GM product. They were a similar product, but at a lower selling price. We worked extremely hard to reduce production costs through reduced cycle times and testing and the eventual elimination of several test stands. Over time, we improved gross margins back to a normal percentage based on our cost cutting measures.

After transferring to another division as Manager of Financial Reporting, I was charged with setting up the Division staff to support both the US and European facilities. This required identifying a standard financial ERP system (BPCS) and a means of consolidating the monthly financial data using ESSBASE. The IT department and my finance group worked closely to ensure an effective reporting system in a minimum amount of time. Without this dedicated effort, the company would have had additional expense to manage the financial information. This was completed within one year while still performing the daily financial functions.

As Corporate Controller, I coordinated the move of the corporate offices from California to Michigan after the merger of two companies into one small public corporation. This transition included reviewing and relocating corporate financial data and setting up a corporate staff to handle a consolidated payroll (3 facilities), setup a Shared Services department to handle AR, AP and Fixed Assets, the corporate reporting and analysis department to develop reports and analyze, consolidate and report monthly financial data to management and Board of Directors.

In addition to the above, I prepared quarterly 10-Q’s and annual 10-K’s for review with the CEO & CFO prior to filing the required SEC financials. Although this did not result in a monetary savings to the corporation, it rounded out my knowledge base to be able to handle any aspect of corporate accounting.

I directed the financial team with closing a Wisconsin facility and merging with our California facility. The team goal was to transfer inventory with minimal shipment interruption to our customers, sell or transfer assets, relocate all documentation and close the facility. The closure affected 43 employees, resulting in an annual operating savings over $1.5 million.

I worked with a SOX consulting company on our Internal Control documentation. This required a large amount of my time to review policies and procedures, identify risk assessments and define improvement opportunities. By dedicating my time to this project, the corporation saved well over $200,000 by not having to bring in outside resources to perform the same function.

In each of my Controller positions, our staff was lean. I took it upon myself to get fully involved in account reconciliations to assist the staff in meeting time constraints. Accurate account reconciliations were mandatory and greatly enhanced the year-end audit.

Chelsea, MI 48118

Cell: 586-***-****

******@********.***

Executive Profile

Financial Executive with over 20 years of progressive financial and managerial experience with both private and public companies. A dedicated professional with a broad and practical business approach and recognized as a dependable 'Team Player' with a high-energy, people-oriented management style. Extensive successful experience in areas of plant, division and corporate operations including cost, budgeting, forecasting, strategic planning, property management, covenant compliance, manufacturing-financial system implementations and consolidations.

Skills

Professional Experience

Reported to the Corporate Controller of a public company (annual sales around $50 million), a division of a $700 million corporation and was responsible for:

Monthly closing and Reporting,

Account reconciliations and Inventory analysis,

Approved shipping releases daily.

Mentoring the Contract Assistant Controller & Contract Accounting Associate

Processed RMA documents and Customer Invoice credits

Developed Financial/Accounting Policies & Procedures

Robert Half, Troy, MI/ Manufacture, Novi, MI December 2021-March 2022

Controller (Acting)

Performed plant Controller functions for a $90 million machine casting operation.

oMonth-end closings

oAccount Reconciliations – Balance sheet accounts

oInventory analysis and control

oCost Accounting

oStandard setting (annually) and analysis to actual

oUse PLEX ERP System

oFixed Asset analysis and reporting

oFull plant level financial responsibility

Note: This facility closed in June 2024

Linamar Inc. (formerly Mobex Global), Edon, OH June 2022 – October 2024

Plant Controller

Reported to the CFO while managing a corporate finance staff of 3 accounting managers and 3 accountants in Michigan and California.

Managed the preparation of the monthly financial reporting package for management summarizing the operating results.

Provided review and analysis of all variances. Identified and prioritized operating issues and provided operating management with trend information for improved decision making.

Prepared monthly government billings and interface with project team in developing additional government projects.

oTrack projects from justification, appropriation, spending to progress payment, to final analysis stages.

Setting material, labor & overhead standard cost & analysis to actual spending.

Prepared external SEC financial reporting in accordance with GAAP (10-Q's and 10-K’s).

Directed the finance team to implement the EPICOR Vantage ERP system at two facilities, reducing multiple systems into one corporate wide solution.

Advanced Photonix Inc. – Ann Arbor, MI July 2005 to September 2012

Corporate Controller

Reported to the Director of Global Finance in NY while managing a finance staff of 2 senior accountants in Michigan.

Managed the preparation of the monthly financial reporting package for management, summarizing the consolidated operating results.

Provided review and analysis of all variances, identifying, and prioritizing operating issues and provided operating management with trend information for improved decision making.

Interfaced with external auditors (KPMG, Tax, bank, state, 401(K) and internally with the Leadership Team.

Prepared monthly Cash Flow projections out 6-12 months.

Prepared monthly government billings and interface with project team in developing additional government projects.

oTracked projects from justification, appropriation, spending to progress payment, to final analysis stages.

oThis included material, labor & overhead costs analysis associated with the project.

Asterand was acquired by BioIVT LLC in August 2017. In June 2018, we implemented Sage X3 Financials in the Detroit facility and a month later in our Royston, England facility.

BioIVT LLC (formerly Asterand Bioscience Inc.) – Detroit, MI December 2012 to January 2020

Corporate Controller/Site Controller

Contract work at 2 Mobex facilities (Edon, OH & Southfield, MI)

Performed plant Controller functions including:

oMonth-end closings

oAccount Reconciliations – Balance sheet accounts

oBank Reconciliations

oInventory analysis & controls

oCost Accounting

oStandard setting (annually) and analysis to actual.

oUsed PLEX ERP system.

oBanking responsibilities

oCollection function using Covisint (Ford & GM)

oFixed Asset analysis and reporting

Jefferson-Wells -- Mobex Global - Contract Assignments June 2021 –September 2021

Plant Controller

Core Accomplishments

Central Michigan University Davenport University

Mt. Pleasant, MI Dearborn, MI

Master of Arts – Business Management Bachelor of Arts, Accounting

Education

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