TONI BABB
Conyers, GA
E-mail: ******@*********.***
Process Improvement
Contract Negotiation
Asset Base Lending/ Bank Compliance
Inventory Control
Treasury Management
Software Implementation
Audit
Construction Residential & Commercial
Manufacturing Distribution
IFRS
Job Costing
International Business
Mergers and Acquisitions
Property Management
EXPERIENCE
CONSULTING Feb. 2021 to Present
CFO/CONTROLLER
Serve in Interim Controller and CFO roles or take on project implementation assignments for clients in a variety of industries. In interim roles, typically handle full range of accounting/finance functions, including, preparation of month-end financial statements, negotiating with banks, filing of State Sales and Use Taxes, working with staff on A/P, A/R and Credit/Collections, and auditors and audit prep for year-end, Budget Preparation, Forecasting, and Cash Flow Management. Projects have involved process improvements including software implementation, and Cost Accounting analysis.
Implemented SAP for a manufacturing company
Worked with team on setting up restaurant franchises one in Canada, Dubai, and the State of Washington.
Established processes, policies, and procedures for construction company
Implemented budget, forecast, and cashflow processes and standards for a cabinet manufacturing company and for a fitness organization
Worked with Georgia State Accounting Office on 2021 year end audit.
COASTAL VIEW & PARADIGM DEVELOPMENT, LLC June 2010 to Jan. 2021
CFO
Construction and Development Company in Georgia and Florida with annual revenues of $ 20 million. Reported to Managing Director. Prepared monthly financial statements, negotiated with banks, worked with real estate agents and marketing firms. Worked with the Director with costing of residential and commercial projects. Ensured Banking Compliance. Prepared tax returns for Georgia and Florida.
TATUM, LLC Mar. 2007 to June 2010
Corporate Controller
$250 million executive services firm. Reported to the CFO. Responsible for monthly financial statements, budgets, cash management, and banking relationships. Supervised 8 accounting and finance staff.
Implemented process standardization and efficiencies leading to a 47% reduction in staff
Reduced the monthly closing and reporting process from 10 weeks to 2
Annual audit was completed in 50% of the time taken in prior years
Consolidated monthly reporting of 4 sister companies
Established internal controls in order to safeguard assets and limit internal risk
Instrumental in restructuring the financing of the company, including introducing asset-based lending
Managed interactions with independent auditors on annual audit and corporate taxes
Liaised with the Private Equity Firm
GERBER AGRI INTERNATIONAL, LLC Jan. 1997 to Jan. 2007
CFO
Food manufacturer and international exporter with peak annual revenue of $130 million. Responsible for monthly financial statements, budgets, monthly and quarterly financial analysis, ADP payroll, annual audit, collections, inventory, cash management, accounting practices and procedures, and banking /financial relationships. Also handled consolidation and foreign currency translation. Managed staff of 6.
Analyzed shrink, variable and fixed costs for manufactured food products
$8M asset base loan - negotiated current facility structure and rates
Redesigned closing process and reporting software, achieving 25% reduction in month-end closing time
Eliminated $200K in audit overruns
Responsible for analyzing Gerber Pet Food subsidiary for solvency
Sold assets of 3 subsidiaries totaling $5M – located potential buyer and negotiated and structured the sale
Implemented Revenue Recognition process
Implemented ERP system
Designed and implemented the manufacturing software for a start-up subsidiary food manufacturing corporation in Nebraska
Managed interactions with independent auditors on annual audit and corporate taxes
Traveled to Russian manufacturing plant once a year to review internal controls and systems
Responsible for federal, state, and quarterly taxes for all domestic and international entities
GREAT ATLANTIC NEWS COMPANY, INC dba SOUTHEASTERN NEWS Sept. 1992 to Nov. 1996
Divisional Controller (Division of multi-billion dollar company)
Magazine and book distributor with annual sales of $90 million. Reported to the Vice President/General Manager of division consisting of 2 depots and a retail bookstore. Responsible for monthly financial statements, budgets, monthly and quarterly financial analysis, payroll, employee benefits, annual audit, collections, inventory, corporate insurance and cash management. Supervised two departments with staff of 21.
Implemented a scanner system for inventory and physical count resulting in $585K reduction in labor costs
Responsible for software conversion- to Platinum
Developed and implemented activity-based costing as well as Just-In-Time Inventory resulting in 30% time savings
Formalized reporting process for 7 sister companies
Performed financial due diligence for 3 acquisitions and 2 mergers- totaling $30M
EDUCATION AND CERTIFICATIONS
B.B.A., Georgia State University, Major: Accounting.
Executive Management Courses at Wharton
Creating Value through Financial Management
Wharton Direct—Program for Strategic Planning, Critical Thinking and Real-Time Decisions.
PROFESSIONAL AFFLIATIONS
Board member of the Institution of Management Accountants 1998 to 2006
National Association of Professional Women
Habitat for Humanity and American Cancer Society
TECHNICAL SKILLS
Experience with Windows, Excel, QuickBooks, Great Plains Dynamics, Activity Based Costing, FAS, Oracle, PeopleSoft, MAS 200, MAS 500, Lawson, Peachtree, Access and PowerPoint., Kronos and ADP, Jonas, SAP business One, Sage, QuickBooks Pro and Concur.