Controller

RUSSELL W. CHAPMAN, CPA

*** ****** ** ******, ** 76209

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

Mobile 817-***-**** Voicemail 817-***-****

PROFESSIONAL EXPERIENCE:

DAYBREAK VENTURE, a Healthcare company with up to $325 million revenue and 80 locations

(2005 - 2025) CONTROLLER

Managed and Mentored Accounting Staff up to 4 Professional Accountants and 1 Accounting Clerk.

Supervised and Performed Preparation of Adjusting Journal Entries and Close of General Ledgers.

Created or Approved uploads of multi-site Journal Entries from Excel to General Ledger.

Directed and executed Monthly Account Reconciliations and Analysis.

Reviewed Accuracy of interface of all Accounting Functions uploaded to GL including AR, AP and PR.

Prepared Timely and Accurate Monthly GAAP Financial Statements for up to 80 consolidated facilities.

Supervised and Developed Creation of Annual Budget and Preparation of Budget Reports.

Analyzed and Reported on Variances from Budget and from Prior Periods.

Coordinated Information to External Auditors for Annual Audits and preparation of Tax Returns.

Prepared Daily Borrowing Base Certificates for Receivables-based Loan Requests.

Maintained Compliance with Internal Controls, Regulatory Standards, and Company Policies.

ANGMAR MEDICAL HOLDINGS (2002 – 2004) CHIEF FINANCIAL OFFICER

Performed Monthly GAAP Financial Reporting and Analysis.

Directed Accounting Staff of 6 and Full Cycle Accounting Functions including GL, AP, AR, and PR.

Prepared Sub-S Income, Franchise and Employers Tax Returns.

Managed Growth from a $5 Million Co with quarterly Cash-basis accounting and no accounting staff to a $20 Million Co with monthly accrual reporting, daily ad-hoc reporting and an accounting staff of 6.

PYRAMID HEALTHCARE (1999 – 2001) CONTROLLER

Performed Monthly GAAP Financial Reporting and Analysis.

Prepared Daily Borrowing Base Certificates for Receivables-based Loan Requests.

Directed Accounting Staff of 8 and Full Cycle Accounting Functions including GL, AP and PR.

Projected and Managed Daily, Weekly and Monthly Cash Flow in a challenging cash flow environment.

SENSITIVE CARE (1994 - 1999) CONTROLLER

Supervised Accounting/Administrative Staff of 12 and Full Cycle Accounting including GL, AP and PR.

Performed GAAP Financial Reporting and Analysis for Monthly Management/Ownership Meeting.

Prepared Annual and Quarterly Budgets and Analyzed Monthly Budget Variances.

Projected and Analyzed Monthly Cost-based Medicare Revenue using Excel Spreadsheet.

Projected Cash Flow and Made Decisions on Priorities for Application of Cash.

Created Pro-Forma Analysis on potential Acquisitions utilizing Excel Spreadsheet.

Converted AR/Collections from Distributed Data Processing to Regional Processing for Improved Control.

CHARTWELL HEALTHCARE (1992 - 1994) ASSISTANT CONTROLLER

Prepared Timely and Accurate GAAP Financial Reports for Monthly Non-Profit Directors Board Meetings.

Directed Accounting Staff of 4 performing Full Cycle GL, AP and PR functions for my group.

Performed Hands-on Financial Analysis, Budget Preparation and Variance Analysis.

Projected and Analyzed Monthly Cost-based Medicare Revenue utilizing a Spreadsheet.

PROFESSIONAL EXPERIENCE (continued):

ARBOR LIVING CENTERS OF TEXAS (1987 - 1992) CONTROLLER

Hired all staff and Established the Corporate Accounting Department for a new corporation.

Developed all Accounting Policies, Procedures and Internal Controls for the new corporation.

Supervised accounting staff of 7 and full cycle accounting functions including GL, AP and PR.

Performed Monthly GAAP Financial Reporting and Analysis, Prepared Budgets and Analyzed Variance.

AUTO WORKERS ARLINGTON FEDERAL CREDIT UNION (1985 - 1986) CONTROLLER

Developed the accounting department at a financial institution that had tripled in size due to mergers.

Directed all accounting functions including GL, AP and PR and supervised accounting and teller staff of 11.

Hands-on Management of Investments - Quadrupled the Return by Changing Types of Investments.

Prepared Timely and Accurate GAAP Financial Reports for Monthly Board of Directors Meetings.

OVERCASH GOODMAN ENTERPRISES - HEALTH CARE DIVISION (1982 - 1985)

CONTROLLER (1983 - 1985)

Directed Accounting Staff of 7 and Full Cycle Accounting Functions including GL, AP and PR.

Prepared Timely GAAP Financial Reports and Analysis for Monthly Management/Ownership Meeting.

Supervised or personally Prepared Cost Reports and Sub-S Tax Returns.

Personally Cleared all final Regulatory Financial Audits after the division was sold.

INTERNAL AUDITOR (1982 - 1983)

Single-handedly Performed Internal Audit function and Financial Consulting for 23 facility locations.

Developed and Performed Audit Programs and Reported Audit Findings to Management.

Trained facility Accounting Personnel both in One-on-One and Group Training Sessions.

Uncovered a Major Defalcation of Cash and Documented it for Prosecution.

Promoted after one year to Controller position.

ARTHUR ANDERSEN & COMPANY (Big 5 Public Accounting) (1981 - 1982) STAFF ACCOUNTANT

Performed Financial Audits and Prepared Audited Financial Statements and Footnotes for Annual Reports.

Analyzed Procedures and Internal Controls and Recommended Improvements.

Prepared Tax Returns during Tax Department Busy Season.

EDUCATION:

University of Texas at Arlington

Bachelor of Business Administration in Accounting, with Honors - GPA 3.54/4.0

Graduate School of Business - 16 hours taken - GPA 3.4/4.0

SCHOLASTIC HONORS AND ACTIVITIES:

Graduated Cum Laude, Honor Roll Every Semester, UTA Freshman Scholarship winner

Beta Gamma Sigma business honor society, Phi Eta Sigma freshman honor society, Alpha Chi honor society, Beta Alpha Psi accounting honor society – former Executive V.P. of chapter

MEMBERSHIPS:

American Institute of CPA’s; Texas Society of CPA’s - Fort Worth Chapter

Texas Health Care Association - Member of Data/Reimbursement Committee 1995-1998

Mensa

COMPUTER SKILLS:

Microsoft Office, Excel, QuickBooks, Matrixcare, IBM i-Series ERP, Sage Fixed Asset, Sage 300, ADP

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