CPA-CMA-MBA
Resume:
Jeffery Steelman, CPA, CMA, MBA
Newton, NC 28658
Summary:
I am a communicator that focuses on financial information. My problem solving and analytical abilities, combined with my capacity to listen and respond to management requirements for financial information, has resulted in team achievements in the organization I help. By focusing on organizational metrics instead of strictly financial ratios, I have adept at developing and interpreting financial data for non-accountants.
Experience:
2008-Present FIRST CHOICE ARMOR & EQUIPMENT, INC. Rutherfordton, NC
(A privately held ballistics goods manufacturer)
Corporate Controller
Responsible for all financial aspects of the company including capital management, budgeting and forecasting, cost accounting, inventory management, sales and marketing reporting, audit management, and systems development.
• Increased sales and lowered selling expense by reinventing the sales compensation model to focus on commissions and product margin, and creating an effective salesman margin contribution analysis.
• Lower the breakeven point of the company by 20% salary administration, product line emphasis, benefit maximization, and effective responsibility budgeting.
• Created unique and timely financial reporting tools designed for specific requirements based on data already existing in the ERP system.
2003-2008 TANNER COMPANIES, LLC Rutherfordton, NC
(A privately held fashion manufacturer and distributor)
Corporate Controller
Responsible for all accounting aspects of the company’s international locations including cost accounting, ERP development, international consolidations, year-end audit, system administration, inventory accounting, loan administration, budgeting, cash flow forecasting, and financial statement preparation.
• Developed all international financial reporting including plant performance, consolidations, and inventory tracking for our locations in Hong Kong, mainland China, and Italy. Reporting includes manufacturing accounting, supply chain tracking, and variance analysis of all components related to material, manufacture, procurement and payment of our finished product.
• Served as a member of the corporate Microsoft Dynamics AX ERP implementation team that provided new interfaces between accounting, supply chain, customer service, and reduced month-end closing to three days.
• Transformed a low morale, dysfunctional accounting group into a stream-lined efficient financial team.
• Eliminated the company’s cash flow emergencies by teaming with the supply chain group to plan inventory that maximized finished goods availability and efficient use of cash.
1998-2003 SARA LEE INTIMATE APPAREL Statesville, NC
(A division of the Consumer Products Division, Fortune 100 Company)
Operations Controller
• Consolidated manufacturing and supply chain reporting for international cutting operations in United States, Puerto Rico, and Costa Rica.
• Developed team approach to budgeting and forecasting that eliminated $3,000,000 in material and labor variances.
• Created a manufacturing scoreboard that reduced the myriad of financial measurements to four measurable attributes that accurately predicted financial performance.
• Created detailed forecasting model that reported all operating variances (labor, material, and overhead) weekly and accurately predicted monthly, quarterly, and year-end results.
1994–1998 BRITISH TIRE & RUBBER Morganton, NC
(A subsidiary of BTR, plc – a $14 Billion international conglomerate)
Supply Chain Manager
• Developed and installed a local client/server data warehouse providing access and analysis of all mainframe data.
• Reduced inventory by 10% ($800,000) while increasing sales by 15% ($6,000,000) by weekly reporting and MRP adjustments.
• Reduced overhead spending by $200,000 by installing a responsibility accounting system that monitors costs weekly.
1989 –1994 ALCATEL TELECOMMUNICATIONS Claremont, NC
(A division of Alcatel Worldwide – a $17 billion company)
Plant Controller
• Implemented a client/server shop floor control system resulting in an inventory reduction of $1,000,000 and real-time customer interface.
• Reduced scrap by 15% by developing a gain sharing program that helped reduce scrap by 10%.
• Served as head of plant’s TQM Quality Improvement Team, helping to develop and implement workteams, pay-for-knowledge, ISO900, and gainsharing.
• Reduced monthly closing cycle to one-and-one-half days while increasing financial statement comprehension though extensive use of metrics.
1988 ERNST & YOUNG Greenville, SC
(A big 4 CPA Firm)
Auditor -- Review and prepare audit work papers and other duties needed to help prepare corporate audits. (Note: I was on loan to E&W from Warner-Lambert after I passed the CPA exam. The company felt it was in the best interests of both parties that I obtain the needed requirements to fulfill the SC requirements)
1976-1989 PFIZER Greenwood, SC
(A Fortune 100 pharmaceutical company)
Manager, Accounting, Human Resources, and Computer Services
• Created a product line concept to budgeting that resulted in a 4% increase in divisional margins that focused sales commissions on margin versus volume and manager expense accountability.
• Researched, recommended and installed a division-wide management information system combining IBM AS400 hardware and BPCS MRP II software.
• Reduced DSO from 81 days to 54 days by installing a customer service attitude to collections.
Education:
GARDNER-WEBB UNIVERSITY - 2002 Boiling Springs, NC
MBA – International Business Concentration – 4.0 GPA
CLEMSON UNIVERSITY Clemson, SC
B.S., Accounting
Certified Public Accountant, Certificate #19894, October 1991
Certified Management Accountant, Certificate #12162, January 1993.
Software Expertise:
Access (expert), Excel (expert), PowerPoint, Word, BPICS, Crystal Reports, Lawson (G/L, A/P, FA), Infinium (G/L, A/P), Kronos, Business Works, AS400 Query, IQ Query Language, PkMS, SLIICS (Cost Accounting, Inventory), CINCOM, Point.Man (MAPICS), J D Edwards, Microsoft Dynamics AX, SAP XL Reporter, Necho T&E
Financial Track and Carolina Council coordinator for Microsoft Dynamics AX ERP users group (AXUG).
Member of the Microsoft Dynamics AX ERP Financial advisory committee
Other interests:
American biographies, soccer refereeing, chess, national park expeditions
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