Chief Financial Business Development

Wade Chapman, C.P.A./MBA

214-***-**** cell • ****.****.*******@*********.*** • LinkedIn Profile

Chief Financial Strategist: Elevating Financial Integrity and Strategic Fiscal Management

Fiscally Savvy – Cost Effective – Profit Focused – Investment Minded – Budget Conscious

A seasoned CPA and MBA with extensive experience in financial control and strategic planning, I excel in driving comprehensive improvements across accounting, contract management, and operational processes. My proven ability to manage large teams in a matrixed environment has consistently enhanced business development and financial accuracy in diverse sectors. I am committed to fostering operational excellence through innovative solutions, ensuring compliance, and executing strategic initiatives that deliver tangible business results.

Areas of Expertise

Team Development - Contract management - Acquisition Integration - ASC 606 Revenue recognition - Monthly close and reporting - Divestitures - Budgeting and Forecasting - Process Improvement - JD Edwards, SAP - Strategic/Capital Planning - ERP Implementation - Hyperion, Salesforce - Bids and Proposals - Control Implementations - Blackline

Executive Career Progression

Self-Employed Contractor 2023 - 2024

Worked with clients' accounting staff to improve account reconciliations.

Conduent LLC. Previously, Xerox and ACS Corporation 2005 – 2022

Controller F&A / FSG Accounting (2008 - 2022)

Spearheaded an international accounting team of 40 onshore and offshore professionals, driving GAAP compliance and enhancing reporting precision by 15%.

Conducted comprehensive contract reviews and ASC 606 revenue recognition analyses on 300 SBU contracts, bolstering compliance and revenue accuracy by 17%.

Championed process improvements between operations and accounting, slashing cycle time by 20% and boosting operational efficiency by 20%.

Streamlined monthly customer billing and revenue recognition for over 300 accounts, optimizing processes and reducing reconciliation errors by 17%.

Strengthened balance sheet reconciliations by implementing enhanced clearing processes, resulting in a 20% reduction in outstanding issues.

Orchestrated monthly closings and balance sheet reconciliations with XX foreign locations, elevating global consistency and trimming closing times by 20%.

Spearheaded the implementation of an online CAPEX approval and tracking system for the division, accelerating approvals and improving budget tracking accuracy by 22%.

Played a pivotal role on the due diligence team for one acquisition, successfully integrating acquired entities and realizing post-acquisition financial synergies.

SBU Manager (2005 – 2008)

Spearheaded a general accounting team of 10, ensuring unwavering adherence to GAAP and client policies, resulting in a remarkable 30% improvement in compliance audits.

Orchestrated a team of 40 professionals in delivering top-tier accounting services, catapulting service delivery efficiency by 20% and skyrocketing client satisfaction by 30%.

Revolutionized client service by streamlining accounting processes, slashing service delivery times by 10%, and propelling client retention rates to new heights with a 25% improvement.

Ericsson Inc. 1989 – 2004

Controller of the Americas (Enterprise Division) (2001 – 2004)

Served as the Controller for a far-reaching distribution sales network spanning North and South America.

Orchestrated and meticulously controlled the region's budget/forecasting and monthly close processes with unwavering precision.

Engaged cross-functional teams to deliver comprehensive training to service and sales groups across the region, driving significant improvements in internal controls and operational efficiency.

Collaborated seamlessly with the Enterprise Global Flow Control Organization to achieve an impressive 95% delivery precision and pinpoint accurate lead times for products by ensuring sales planning input for sales groups maintained a razor-sharp +- 10% accuracy each month.

Skillfully negotiated high-stakes distribution and maintenance contracts, securing favorable terms and fostering strong partnerships.

Conducted in-depth acquisition and divestiture analysis for the parent company, providing strategic insights and recommendations to guide critical decision-making.

Spearheaded the seamless assimilation of acquisitions into the parent organization's finance and accounting framework, ensuring a smooth and efficient integration process.

Controller US Enterprise Direct Sales (1999 – 2000)

Orchestrated and rigorously controlled the segment's monthly close, forecast, and reporting processes, ensuring flawless execution and unwavering accuracy.

Spearheaded margin improvements through strategic pricing initiatives and process enhancements while delivering focused financial education to the workforce, empowering them to make informed decisions.

Collaborated closely with line management to optimize maintenance service contribution, implementing data-driven strategies to maximize profitability and efficiency.

Executed a remarkable turnaround of underperforming maintenance service contracts by skillfully re-negotiating the pricing of contract deliverables, transforming them into highly profitable ventures.

Partnered with line management to implement cost-cutting measures, successfully reducing opex as a percentage of sales from a staggering 27% to an impressive 13%, significantly bolstering the bottom line.

Streamlined and enhanced the balance sheet reconciliation process, ensuring pinpoint accuracy and timely completion, instilling confidence in financial reporting.

Played an instrumental role in the flawless execution of the divestiture of two critical parts of the division's businesses, ensuring a seamless transition and maximizing shareholder value.

Spearheaded the offshoring of the phone repair business to an Ericsson Brazilian operation, leveraging global resources to optimize costs and improve operational efficiency.

Demonstrated expertise in revenue recognition on the percent of completion contracts and other complex contracts with multiple deliverables, ensuring compliance with accounting standards and accurate financial reporting.

Manager Financial Planning and Analysis (1990 – 1999)

Directed a team of analysts in evaluating prospective projects, processing orders, computing sales commissions, and conducting POC revenue recognition analysis for installation initiatives.

Oversaw financial monitoring and reporting of divisional R&D group activities and progress.

Administered and regulated the divisional capital expenditure process to ensure optimal allocation of resources.

Generated comprehensive business segment budgets and forecasts to guide strategic decision-making.

Orchestrated monthly closing activities for the division, ensuring timely and accurate financial reporting.

Spearheaded the division's successful transition to SAP, driving efficiency and process improvements.

Helmed the bids and proposal response team, securing new business opportunities and driving revenue growth.

Senior Financial Analyst (1987 – 1989)

Administered cost center budgets and directed the capital expenditure process for optimal resource allocation.

Developed and implemented a labor distribution system for software engineering groups, enhancing efficiency and transparency.

Delivered resource planning and labor rate analysis for development groups, ensuring cost-effectiveness and competitiveness.

Designed and maintained a comprehensive multiple-project database, providing in-depth analysis of project costs against budgets and resource constraints.

Collaborated with the Tax department to prepare R&D tax credits, maximizing financial benefits for the organization.

Achieved ISO 9001 internal auditor certification, demonstrating a commitment to quality management and continuous improvement.

Conducted thorough product life cycle analysis on proposed and existing telecom products for product management, enabling data-driven decision-making.

Education

California State University, Fullerton - Master of Business Administration

California State University, Fullerton - Bachelor of Arts, Finance and Accounting

Certifications

Certified Public Accountant – State of Texas, License #091749

Contact this candidate