Accounting Financial
Resume:
Ronald L. Beeson, CPA
San Leandro, CA 94579
Cell: 510-***-****, Home: 510-***-****
Email - ************@***.***
PROFESSIONAL PROFILE
• Over 20 years managing daily accounting and finance operations including IT and various manufacturing operations
• Proficient in assessing staff capabilities and potential, restructuring finance personnel and operations resulting in increased efficiency, automation, advanced financial reporting, budgeting, analysis, cost reduction and improved accuracy
• Experienced in managing external auditors and prosecuting accounting matters in pursuit of company objectives and financial perspective while utilizing technical due diligence and research to ensure regulatory compliance
• 8+ years SEC reporting experience (10-K, 10-Q, 8-K, Earnings Release, Proxy), including IPO (S-1, 2004), debt exchange (S-4, 2009), tender offer, financial restatement, SEC comment letter response, earnings call script, and pro-forma results
• Technical standards application include; EITF-0021, SOP 81-1, SOP 97-2, FAS 109, FIN 48, FAS 141/142, SAB 99/108, FAS 123r, FAS 157/159, APB 14-1, FAS 52, international transfer pricing, tax provision, offshore IP, and consolidations
• SOX 404 compliance including first year implementation, effectiveness review, redundancy reduction, and maintenance
• Systems implemented: MS Dynamics/GP, FSM, QAD-MfgPro, Syspro – Used: SAP, Oracle, ManMan, Navision
EXPERIENCE
Magma Design Automation (Tkr:LAVA) - $150M-$200M EDA Software Development & Licensing – San Jose, CA
Corporate Controller Finance Staff – 8 May ’08 – Sept ‘11
• Manage SEC reporting process (10-K, 10-Q), earnings release (8-K), press release, and financial guidance issuance.
• Transformed accounting department by reducing headcount 40%, leveraging multi-skilled staff, outsourcing strategic
functions including 10-K/10-Q preparation, tax provision, and A/P processing resulting in savings of $400k annually.
• Implemented policy of non-reimbursement of restructuring costs reducing subsidiary foreign taxes by $800k in 2009.
• Reduced key SOX controls 49%, improved external audit process and negotiated annual audit fee reduction of $500k.
• Directed the investigation of prior period accounting errors in the reporting of deferred revenue, errors in the initial adoption, documentation and recording of FIN 48 tax reserves and deferred tax assets all of which required SAB 99, SAB 108 analysis, APB 28 application, revision of prior period financial statements including footnote and MD&A disclosure requirements, internal controls deficiency assessment and external auditor concurrence.
Open Silicon Inc. - pre-IPO, $40M ASIC design & fabless semiconductor production company - Milpitas, CA
Corporate Controller Finance Staff – 6 Feb ’07 – May ’08
• Established revenue recognition policy applying SOP 81-1 to the design phase of ASIC contracts.
• Implemented contractual language changes to standard design & production agreements, statements of work and engineering change notices to facilitate revenue recognition and customer acceptance evidence requirements.
• Assembled and lead a team of consultants and internal staff in restating the companies financial records for the years 2004 through 2006 in compliance with US GAAP and obtain three year audited financial statements from PwC.
• Restructured the accounting staff and re-implemented Great Plains after a failed implementation in July 2006.
Nanometrics Inc. (Tkr: NANO) - $146M Semiconductor metrology equipment mfg and R&D - Milpitas, CA
Corporate Controller Finance Staff - 22 Oct ’05 – Feb ’07
• Assessed and coordinated staff upgrades in the finance department including payroll, cost accounting,
general ledger and consolidations management, external reporting, and financial planning & analysis.
• Discovered, investigated and resolved material accounting misstatements in the areas of revenue recognition and estimated warranty costs, and in coordination with the CAO, restated SEC financial reports for 2004 and 2005.
• Managed the final stages of the initial SOX compliance project and subsequently reviewed all process cycles, reduced required key controls and transferred documentation ownership from consultants to business process owners.
VNUS Medical Technologies (Tkr:VNUS) - $40M Medical device mfg (Catheters), R&D - San Jose, CA
Controller Finance Staff - 5 Sept ’00 – Mar ’05
• Coordinated the internal accounting requirements and external auditor review of quarterly financial statements in accomplishing an initial form S-1 filing in July 2004 and participated with the working group in responding to SEC comments through S-1 amended filings resulting in SEC acceptance and successful IPO in October 2004.
BEESON, RONALD L.
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VNUS Medical Technologies (cont.)
• Established accounting policy and procedure, and coordinated the preparation, review, and filing of federal, state and local tax returns including multiple state sales tax and European VAT, federal and state income tax in compliance with nexus regulations, and local property taxes.
• Established departmental budgeting structure and managed the annual financial plan including production metrics.
• Provided leadership and guidance to manufacturing, integral to the achievement of a 50% reduction in direct labor by implementing production line constraint and continuous flow concepts resulting in $500k annual cost savings.
• Managed the implementation of QAD-Mfg/Pro including initial RFQ requirements, software selection, training coordination, system configuration, feature utilization, financial reporting, designed internal controls and process, coordinated consultant activities, and total project management, and successfully installed the system in 90 days.
ECS Industries - $10M private PC board, wire harness contract mfg - Nogales, MX, Fremont, CA, Chandler, AZ
Chief Financial Officer Finance Staff - 6 Jul ’99 – Aug ’00
• Managed and directed the financial operations of the company including banking relations, financing/borrowing arrangements, SEC requirements, legal and administrative requirements, capital appropriations, cash flow, credit and collections and general financial assessment and oversight.
• Redesigned the financial strategy of the new product quotation process by analyzing the manufacturing process and determining the financial nature and costs of operations, including fixed vs. variable breakdowns, and plant and corporate overhead allocations.
ACCO Brands, Nogales, Mexico - Div of Fortune Brands (Tkr:FO) - $300-$700M Office products manufacturer
Director of Finance Finance/IT Staff - 21 Dec ’97 - Jul ’99
• Restructured Mexican corporations to accommodate property acquisition and minimize foreign taxation.
• Administered the legal, contractual, and financial requirements for a $40 million construction project of 700,000 square feet of manufacturing facilities in Nogales, Mexico, completed in early 1999.
• Expanded local finance and IT departments to support operational growth of 300% facilitated by the relocation of manufacturing operations from Canada, Pennsylvania, Chicago, and New York to Nogales, Mexico.
• Consulted with related Fortune Brands subsidiaries in analyzing and relocating operations to Mexico.
• Directly involved in the conversion of accounting systems to Oracle for US and Mexico operations.
Plant Controller Finance/IT Staff - 9 Aug ’94 - Dec ’97
• Responsible for financial and managerial reporting, cost accounting, and general ledger accounting including manufacturing variance reporting and analysis.
• Managed US and Mexican accounting and IT departments totaling a staff of 9.
• Directed Mexican corporate legal and tax matters, annual external audit requirements, international cash management, currency exchange and translation.
• Prepared annual budget including product standard cost development combining US raw material costs and Mexican maquila conversion operational costs in Nogales, Mexico.
• Directed financial and legal aspects of US and Mexican customs including NAFTA qualification.
• Advised multiple cross functional product teams regarding the financial impact of potential and existing business activity, including contribution margin analysis and make vs. buy analysis.
CAREER NOTE
Staff Accountant, Peat, Marwick, Mitchell & Co. (now KPMG), El Paso, Texas
EDUCATION
BS - Accounting, Ball State University, Muncie, Indiana
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