Finance executive with PE expertise and turnarounds
Resume:
STEVEN R. FINLEY
**********@*****.***
An experienced Finance executive with a strong background in managing complex manufacturing companies. Expertise covers financial analysis, performance metrics, month-end closing, management reporting, budgeting, treasury, HR, mergers and acquisitions, integration, cost accounting, continuous improvement, private equity reporting, metric implementation, sale preparation including data rooms, Chapter 11 restructuring, standard cost implementation, and inventory control. Demonstrated leadership in designing and implementing metrics to improve both administrative and manufacturing process control.
PROFESSIONAL EXPERIENCE
CFO Consultant 2020-Present
($800 million Private Equity Manufacturer, $36 million SaaS Provider, $52 million Structural Aerospace Manufacturer, $50 million Circuit Board Manufacturer, $25 million personal care manufacturer)
•Completed Balance Sheet restatement for purchase accounting, initial process control documentation with identification of deficiencies and completed initial CPA audit for multiple Private Equity portfolio company acquisitions.
•Managed staff of twenty supporting AP/AR, Cost Accounting and General Ledger
•Developed robust data room in support of sale process involving over one hundred potential buyers including eight formal management presentations.
•Negotiated successful $8.9M Reps and Warranties Insurance policy claim.
•Developed robust five-year Strategic Plan model to secure $3 million 2nd round funding.
•Private Equity Sale Prep including 363 Ch 11, liability mitigation, developed and negotiated $12M DIP package and negotiated 36% price increases with 3 prime defense contractors. Preserved essential defense manufacturing capabilities and retained 180 jobs.
•Developed Quality of Earning reports to support sales of 3 portfolio companies.
•Negotiated over $3M of Critical Vendor Agreements to preserve long term supplier relationships.
•Served as interim CFO, preparing weekly and monthly reports for Private Equity sponsors.
•Developed enhanced 13-week cashflow report to support reviews with lending workout group.
Lightwerks Communications Systems, Inc. Hawthorne, CA 2017-2020
($22 million Industrial Audio-Visual Contractor)
CFO
•Supervised staff of 10 direct reports in Finance, Human Resources and Operations
•Managed percentage of completion revenue recognition for over 500 projects annually.
•Managed lease and insurance policies for corporate fleet of over 20 vehicles across five offices in three states.
•Negotiated sale of existing corporate headquarters for $1 Million premium over market.
•Reduced leverage 20% while driving expansion and revenue growth by 23%.
•Managed Treasury functions including cash flow, banking relationships, credit facilities, payables, receivables, and payroll.
•Utilized lean techniques to increase operating profit by $750,000 from 2017 to 2018.
•Led expansion of new Pacific Northwest operations in Portland, OR and Boise, ID.
STEVEN R. FINLEY Page 2
CFO Consulting Roles 2014-2017
L-3 Communications Electron Technologies, Inc. Torrance, CA 2016-2017
($200 million Division of $10 Billion Publicly Traded Aerospace and Defense Manufacturer)
•Led Finance Functional Team for Infor LN ERP Implementation
•Implemented Lean office techniques including visual metric boards.
•Developed management reporting package, utilizing key performance metrics.
•Led Finance/Accounting functions for multi-division consolidation.
Impresa Aerospace, Gardena, CA 2015-2016
($34 million Private Equity Aerospace Manufacturer)
•Assisted with purchase accounting adjustments to balance sheet.
•Developed standard cost rates required to facilitate migration to Epicor ERP system • Identified $275,000 cost savings opportunity involving facility and equipment consolidations.
•Utilized actual cost studies to demonstrate true product margins across multiple programs.
•Migrated approximately 2000 SKUs from actual to standard costing systems.
ROSS ORGANIC SPECIALTY SALES, Inc. Santa Fe Springs, CA 2014-2015
($24 million Specialty Chemical Distributor)
•Reduced leverage by 20.1% during a period of 33.7% top line growth.
•Instituted metrics to drive working capital efficiency and on time delivery.
•Reduced DSI by 7.7% and DSO by 29.2%
•Managed Treasury functions including cash flow, banking relationships, credit facilities, payables, receivables, and payroll.
•Developed Excel based tools to assess and drive margin improvement on a product level basis.
•Led annual CPA review and ABL audit process.
QUALITY FORMING, LLC., Torrance, CA 2011-2013
($28 million Private Equity Aerospace Manufacturer)
Chief Financial Officer
•Managed Treasury functions including cash flow, banking relationships, credit facilities, payables, receivables, and payroll.
•Coordinated annual external CPA audits.
•Reduced aged accounts receivable by 64% through coordinated contact between Marketing and Accounting
•Reduced Closing/Reporting cycle by 37.5%.
•Led on-site effort for sale of company to Private Equity buyers.
•Instituted financially driven planning processes. Developed formal annual budget and five-year plan.
•Led Financial Implementation of Visual MRP System.
STEVEN R. FINLEY Page 3
RUSS BASSETT CORPORATION, Whittier, CA 2010-2011
($20 million Technical Furniture Manufacturer)
Controller
•Recruited, trained, and supervised a staff of three professionals.
•Managed Corporate Treasury functions including cash flow, banking relationships, credit facilities, payables, receivables, distributions, and payroll.
•Managed percentage of completion revenue recognition for projects more than $100K.
•Instituted a customer credit evaluation process that reduced bad debt write off to $0 and aged accounts receivable by 15% through proactive monitoring system.
PARKER HANNIFIN CORPORATION, Irvine/Anaheim, CA 2005-2010
($10 billion Publicly Traded Multi-Industry Manufacturer)
Accounting Manager Anaheim, CA 2008-2010
$92M acquisition comprised of 6 business units utilizing four separate operating systems.
•Converted to centralized Payroll, Accounts Payable, Accounts Receivable and Fixed Assets systems.
•Implementing Standard Cost system to replace legacy Actual Cost systems. Developed overhead rates, verified component costs and adjusted machine cycle times to ensure BOM accuracy.
•Implemented automated processes to transfer legacy system data into Parker Systems to support monthly financial close activities. Reduced hours to close by 20%.
•Developed automated monthly dashboard reports for 6 business units.
•Introduced lean manufacturing program on shop floor. This involved conceptual learning, process as well as the development of tracking reports to monitor improvement. On-time delivery rose by 10%, productivity improved by 5%, and inventory levels dropped by 15%.
Group Senior Analyst Irvine, CA 2005-2008
Consolidated and reported results for eleven North American and European manufacturing divisions with annual revenues of $1.2 billion. Managed close, reconciliation and reporting of $28 million Group Staff Ledger.
•Served as Group Sarbanes-Oxley Champion.
•Developed routines to consolidate Group Annual Operating Plan
•Participated in acquisition due diligence reviews and DCF preparation.
•Implemented automated routines to reduce Close and Reporting cycles by one day each.
•Participated in integration of seven acquisitions and two divestitures.
•Prepared Board of Directors presentations for Group President
EDUCATION
MBA University of Arkansas, Fayetteville, AR Emphasis: Management
BSBA University of Missouri, Columbia, MO. Emphasis: Finance and Banking
BS in Accountancy University of Missouri, Columbia, MO
COMPUTER SKILLS
Office 365, Chempax, Crystal Reports, Paradigm Cimnet, Visual, Mapics, Jobscope, Visio, AccPac, Misys, QuickBooks, Avalara, Infor LN, Infor CSB, Oracle, Epicor, JobBoss, Made to Manage,
Power BI, Paylocity and MS Project
CERTIFICATIONS and HONORS
Eagle Scout
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