Finance, accounting, senior managment

MICHAEL E. STUBBLEFIELD

**** ******* ****** *, #*, Seattle, WA 98103

CFO/CONTROLLER

Strategic Planning / Cost Control / Turnarounds / Legal Affairs / Risk & Change Management / CPI / Compliance / IT / Operations / Training / Negotiations

Leveraging a strong financial/accounting, operations and legal background to maximize strategic guidance for production and service-based companies alike. A steady leader and builder of strong, loyal multi-function teams and a consistent driver of bottom-line success. Key skills include:

 Utilizing strategic expertise to improve long-term corporate growth

 Building financial infrastructures/controls to achieve stability and greater ROI

 Applying broad legal skills to eliminate or mitigate liability exposure

 Developing staff to optimize overall performance

 Streamlining processes and automating systems to boost productivity and control costs

Skilled at establishing strong financial structures and internal controls to improve profitability and control costs, leadership and organizational skills that support the strong foundation critical to long-term growth. JD from the University of Arkansas Leflar School of Law and a BA in Accounting from Ouachita Baptist University.

Representative Accomplishments

Revamped key functional organization. Corporate accounting department for national insurance firm was seriously underperforming. Created SMART goals to focus teamwork/cross-training and improved accuracy 20%, reducing monthly close times by 35-40% in the process. Dramatically boosted quality and quantity of internal reporting and external audit results.

Averted major compliance problem with large account. $100,000,000+ trust for which company has third-party fiduciary responsibility had received an unacceptable audit report identifying problems requiring immediate attention as I came on board. Gained understanding of issues, directed staff in successful resolution and ensured application of Best Practices going forward. Passed most recent audit with flying colors, mitigating any customer problems.

Mitigated impact of product liability lawsuit, secured less-costly settlement to preserve client’s industry reputation. Client, a heavy equipment reseller, was sued by commercial contractor after crane collapsed on job site and caused significant property damage. Obtained sufficient proof of plaintiff’s negligence to negotiate a favorable settlement that also enabled client to avoid a costly, reputation-damaging trial.

Significantly enhanced corporate accounting and inventory control processes, boosting profits/lowering costs for $300M Country Pride Foods (CPF). Identified opportunity to cut operating and tax expenses by installing dual accrual/cash-basis accounting system, capitalizing on key tax incentives and boosting profits 8%. Initiated standard product coding and systematic internal audit programs, reducing shrinkage almost 15% per year.

Introduced standard/automated accounting and reporting systems, driving substantial CPF profitability increase. Capital expansion budget for $48M regional operation lacked adequate controls, producing significant YOY cost overruns. Initiated ongoing training program to ensure staff competency on new systems. Achieved accurate and timely reporting/analysis, virtually eliminating budget overruns. Recognized by HQ when system was adopted company-wide.

Career History

Corporate Accounting Manager, AGIA Inc., 2007 to Present. Recruited by $38M, five-division insurance firm/Third Party Administrator to turn around accounting function. Revitalized 10-person team, dramatically improving productivity to ensure accurate, timely finance data for key decision makers while meeting all compliance requirements.

2005 to 2007. Upon successful windup of law practice following spouse’s promotion and transfer to Seattle, capitalized upon opportunity for sabbatical to recharge batteries and gain better perspective on next career move.

Owner, Michael E. Stubblefield, P.A., 1989 to 2005. Founded commercial litigation/transactions firm with a focus on small to mid-size regional corporate clients as well as families needing professional estate planning and wealth transfer counsel. Successfully managed four-person practice, generating consistent revenue and profit increases.

Earlier experience includes positions as Associate Attorney with Jones, Gilbreath, Jackson & Moll; Plant Manager with Hudson Foods; nine (9) years as Assistant Accounting & Control Manager and Assistant to Controller with Country Pride Foods (CPF), a $300M division of Pillsbury Company; and First Lieutenant in US Army Finance Corps.

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