STEVEN D. CARR, CPA
FINANCE AND ACCOUNTING MANAGEMENT
ACCOUNTING ● FINANCE ● TREASURY
STEVEN D. CARR CONSULTING- Chattanooga, TN March 2007 – Current
Providor of Accounting, Finance & Treasury Management Services
Interim CFO for $30 million cabinetry manufacturer
Interim Controller for $300 million transportation services company
Interim Treasurer for $300 international textile company
BEAULIEU OF AMERICA – Dalton, GA February 2000 – December 2006
Privately owned carpet manufacturing and distribution company with sales of $1.2 billion and 7000 employees
Vice President, Treasurer August 2002 – December 2006
Responsible for all areas of cash including cash management, debt management and reporting, credit and collections, accounts payable, payroll, and taxes. Included 6 direct reports and 100 total employees.
Led $300 million asset based refinance of the company (in absence of CFO.)
Implemented changes in income taxes resulting in savings of $30 million.
Defined and implemented paperless financial processes including replacing checks with electronic payments, receiving and processing accounts payable invoices, electronic billing, and online receipt of payments. These changes resulted in estimated annual savings of $700,000.
Managed buyout of $27 million of operating leases resulting in savings estimated of $800,000.
Oversaw 75% reduction in past due accounts while at the same time reduced employees involved in credit and collections by 25%.
Member of corporate strategic planning committee.
Corporate Controller February 2000 – August 2002
Responsible for financial reporting and monthly managerial reporting, budgets, fixed assets, payroll, accounts payable, income taxes, and annual audits. Financial support advisor for extensive sales, distribution and trucking operations. Included 4 direct reports and 23 total employees.
Key member of management team that restructured company and implemented successful $50 million annual profit improvement plan.
Financial leader of shutdown and sale of hard surface business resulting in estimated savings of $100 million. Included three month assignment in Dallas, Texas.
Key member of financial team that reduced monthly closing cycle from three weeks to five days.
Consolidated corporate and division accounting areas, with job eliminations.
Coordinated consolidation and integration of three newly acquired businesses. Included two month assignment in Philadelphia, Pennsylvania.
Brought payment of freight bill in-house resulting in annual savings of $400,000.
Improved accuracy of general ledger resulting in improved accuracy of monthly and annual reporting.
THE DIXIE GROUP, INC. – Chattanooga, TN/ Gastonia, NC August 1993 – August 1999 Public textile and carpet manufacturer with sales of $700 million.
Controller, Textile Apparel Group August 1993 – August 1999
Controller of $250 million operating group. Responsibility areas included financial analysis, operational reporting, fixed assets, payroll, accounts payable, accounts receivable, billing, cost accounting, general accounting and computer operations. Included 5 direct reports with 25 total employees.
Financial leader of strategic planning and operations committee that led turnaround of group businesses and created value leading to sale of businesses. .
Oversaw replacement of mainframe systems with PC based systems including selection and implementation of Peoplesoft Financial and Human Resources Systems. Resulted in 60% reduction of computer operations costs.
Restructured accounting and computer support staff upon corporate decentralization, with job reductions.
Led analysis and redesign of group cost system.
Financial leader in sell off and close down of textile group as company exited textile business.
Controller, Knit Group August 1991 – August 1993
Operations controller for $70 million operating group. Responsibility areas included product costing, financial analysis, budgeting and billing. Included staff of 3 employees.
Conducted restructuring plan analysis for manufacturing plants that led to consolidation of facilities and product lines to improve efficiency and reduce costs.
Implemented standard cost system replacing accounting averages.
Conducted product and customer profitability analyses based on standard and actual costs.
Member of Corporate Task Force to decentralize and simplify corporate structure and reporting.
Key member of strategic planning and operations committee that implemented changes leading to improvement of business from $10 million annual loss to break even.
Manager, Internal Audit December 1990 - August 1991
Developed Internal Audit function. Reported to CEO and CFO and served as liaison to Audit Committee of Board of Directors.
Manager, Financial Reporting October 1986 – December 1990
Responsible for all external and internal financial reports including SEC 10k and 10Q filings and preparation of Company’s annual report to shareholders.
DENT, BAKER & MCDOWELL CPA’S – Birmingham, AL May 1981 – October 1986 Local CPA firm specializing in automobile dealerships, medical practices and family-owned businesses. Firm of 20 professionals with 5 partners.
Senior accountant assigned as in-charge of audit and review engagements.
Heavily involved in corporate and individual tax preparation and financial reporting.
Bachelor of Science (Accounting, 1981) ● The University of Alabama – Tuscaloosa, AL
The Executive Program –1998– The University of Virginia, Darden School of Business – Charlottesville, VA
PROFESSIONAL DESIGNATIONS AND ASSOCIATIONS
Active Certified Public Accountant (States of Alabama and Tennessee) – 1983 to present
The University of Alabama, Culverhouse School of Business Career Achievement Award - 2003
Georgia Textile Manufacturers Association Tax Committee – 2005
University of Alabama School of Accountancy Advisory Board – 2006 - 2008