VP Administraton
Resume:
Tony E. Watson
Amory, MS *****
662-***-**** (Home)
662-***-**** (Cell)
**********@***.***
EXPERIENCE
Townhouse Home Furnishing LLC, Smithville, MS (Upholstered Furniture Manufacturer) Mar 2009 – Present
Vice President-Administration
Responsibilities include:
• Financial: responsible for upholstered furniture manufacturing plant with an annual sales volume of 20 million. Produce and review monthly financials and forecasts. Use Southware accounting system. Directly supervise office staff of ten.
• Finance: work with banks concerning credit lines, coordinate agreements and day to day operations with AR factors s for customer inventory purchases.
• Reports: shipping reports, sales analysis and comparisons, cash flow and management, and other analysis reports.
• Inventory: inventory control, physical inventories, and cycle counts.
• Human Resources Manager: hiring & firing, employee training, insure compliance with OSHA regulations, work with insurance loss prevention personnel to maintain insurance standards, coordinate and review insurance benefits. Coordinate reimbursable training programs with WIN job center. Supervise HR clerk.
• Taxes & Incentives: monitor and reduce property taxes, increase ad valorem tax exemptions, Free Port Warehouse program and use all available economic development tax credits.
• Safety Coordinator: implement and maintain all safety programs.
• MIS: Oversee all hardware and software, evaluate and purchase hardware, review new software, coordinate outside services to keep systems working properly. Implemented conversion to Southware Software system.
Highlights:
1. Reviewed and upgraded software and hardware.
2. Converted Software system to SouthWare.
3. Developed and implemented employee handbook and other HR policies.
4. Established training program with WIN job service.
5. Report to and advise Owners on company issues.
Home Décor Innovations, division of Renin Corp., Tupelo, MS (Closet Door/Mirror Manufacturing) Oct 2008 – Mar 2009
Temporary Position: Plant Accounting Manager
Responsibilities include:
• Annual Budget: collect data, analyze and compile information for annual budget.
• Monthly financial closing: collect data, analyze and prepare monthly journal entries for month end closing.
• Reporting: prepare daily and weekly reports on sales (shipping), current inventory value, negative inventory values, no cost items, accounts payable aging reports.
• Processing: process inventory adjustments for deviations from normal bill of materials, and cycle counts.
• Software: Using BPCS software along with Excel with Spreadsheet Server and AS400 add ins.
• Report to Corporate Controller and Plant Manager.
Highlights:
1. Determined that Freeport warehouse ad valorm tax exemption is available and will be applied for in January 2009, will result in saving on property taxes in excess of 100k.
TONY E. WATSON – Page Two
PHARMACY MANAGEMENT GROUP, LLC., Tupelo, MS (Retail Drug Store Management Group) Jan 2008 –Aug 2008
Vice President Financial Affairs
Responsibilities include:
• All financial matters: cash flow, credit lines, bank notes, accounts payable, accounts receivable, and general ledger; produced monthly financial statements for all 11 units plus a consolidated statement.
• Information flows: converted accounting systems, implemented general ledger, upgraded connectivity and improved the information flows.
• Reporting: developed daily and weekly sales reports, budgets, forecasts, inventory valuation and management reports.
• Taxes: sales tax returns, personal property taxes and payroll taxes for all units.
• Report to and advise CEO and owners on company issues.
• Managed office staff of 4.
Highlights:
1. Implemented system controls and procedure for accounting functions.
2. Implemented systems for managing and verifying store sales and other activities.
3. Cleaned up combination of units to current corporate structure.
4. Report to and advise CEO on company issues.
NAUTICSTAR LLC., Amory, MS (Fiberglass Boat Manufacturer) 2004 – 2008
Controller/Human Resources Manger
Responsibilities include:
• Controller: responsible for fiberglass boat manufacturing plant with an annual sales volume of 25 million. Produce and review monthly financials and forecasts. Used Southware accounting system. Directly supervise office staff of six.
• Financial: work with banks concerning credit lines, coordinate agreements and day to day operations with financing companies for dealer inventory purchases and motor programs.
• Reports: Daily shipping report, weekly cash flow report, weekly plant efficiency, monthly boat model mix report, monthly motor mix report, and other analysis reports.
• Human Resources Manager: hiring & firing, employee training, insure compliance with OSHA regulations, work with insurance loss prevention personnel to maintain insurance standards, coordinate and review insurance benefits, 401k plan coordinator. Supervise HR clerk.
• Taxes & Incentives: monitor and reduce property taxes, increase ad valorem tax exemptions, Free Port Warehouse program and use all available economic development tax credits.
• Pricing & BOM: responsible for pricing of all boats, motors and packages, generate pricing list, MSRP pricing list, Standard features & options sheets, margin analysis, and all analysis for cost of bill of materials.
• Inventory: inventory control, physical inventories, and cycle counts.
• Marketing: coordinate and plan annual dealer boat show & NauticStar University (annual dealer salesmen), coordinate and supervise annual brochure photo shoot & brochure and DVD production, coordinate print ads & co-op claims, photograph mid season introductions for new boat flyers & work with group to produce the flyers, write press releases for new introductions
• Safety Coordinator: implement and maintain all safety programs.
• MIS: Oversee all hardware and software, evaluate and purchase hardware, review new software, coordinate outside services to keep systems working properly.
Highlights:
1. Implemented system controls and procedure for accounting functions.
2. Improved plant labor efficiency 17.2%.
3. Clean audit report from outside auditors for each year end.
4. Created pricing programs to ease mid-year pricing calculations
5. Coordinated Dealer Meetings in Sarasota, Florida
TONY E. WATSON – Page Three
HOLLEY PERFORMANCE PRODUCTS, Aberdeen, MS (Performance Exhaust Systems Manufacturer)
Plant Controller/Human Resources Manager 2000 – 2003
Responsibilities include:
• Plant controller: responsible for four divisions, Aberdeen Plant-Flowtech, Memphis Plant-Lunati, Tijuana Plant-Hooker & NOS, with a combined Gross Annual sales volume of 45 million. Produce and review monthly plant level financials and forecasts for all four divisions. Used BPCS accounting system. Supervise 1 cost accountant and 1 plant accountant.
• Reports: Weekly Production Planning Report, Monthly Management Reporting Package, Monthly Operations Review, Monthly Forecasts for each facility, Aberdeen, Memphis & Tijuana Plants, Monthly Site Warranty Reports, and Monthly Safety Review Reports.
• Human Resources Manager: hiring & firing, employee training, implement and maintain safety programs, produce payroll and productivity reports, work with government agencies for training and OJT reimbursement programs, insure compliance with OSHA regulations, work with insurance loss prevention personnel to maintain insurance standards, oversee health insurance benefits. Supervise HR clerk at Aberdeen and HR coordinator at Memphis. Review and advise on Tijuana policies versus Corporate Policies
• Taxes & Incentives: monitor and reduce property taxes, increase ad valorem tax exemptions, and use all available economic development tax credits.
• Cost Accounting: Oversee cost system for all four divisions and margin analysis.
• Inventory: Inventory control, Physical inventories, weekly cycle counts.
• Budgets & Forecasts: Prepare Annual Budget & Operating plan for four divisions, monitor performance to budget on weekly & monthly basis with various analysis reports detailing variances, and prepares Forecasts based on updated financial information.
• Safety Coordinator: implement and maintain all safety programs.
Highlights:
1. Prepared and worked with City & County for Property tax exemptions-saved 100k + in taxes.
2. 2002, 2003 & 2004 Budgets approved with only a few minor adjustments.
3. Reduced W/C accidents by 74.1% (OSHA Ratio from 19.23 to 4.98) 2001 to 2002. Also, improved 2003 ratio 36.14% (from 4.98 to 3.18).
4. Produced employee handbook for Aberdeen Plant.
5. OJT Programs reimbursements of 52k for 2002 & 2003
THE ROSE HILL COMPANY, INC., Okolona, MS (Furniture Manufacturer & Wholesaler) 1996 – 2000
VP Administration
Responsibilities include:
• All Financial Matters: generate monthly financial statements and daily cash flow reports; maintain credit lines, banks notes, accounts payable, accounts receivables, collections and payroll.
• Insurance: negotiate and set-up property & liability, workman’s comp and health.
• Taxes & Incentives: monitor and reduce property taxes, increase ad valorem tax exemptions, maintain Free Port Warehouse and use all available economic development tax credits.
• Importing & exporting; review, monitor and collect letters of credit, shipping documents, tracking shipments, dealing with the foreign buyers and sellers.
• Customer Service: handle complicated matters for the customer service rep.; also attend to the care of the customers in the most cost-effective manner.
• Personnel & Safety: oversee personnel department; maintain safety rules and compliance with OSHA rules; produce payroll reports and productivity reports; reduce costs in all areas.
• Information & paper flow: insure proper paperwork is flowing between all departments; improve efficiency of systems; and oversee staff of 12+.
• Implemented 401(k) plan.
• Handle seconds/damaged and obsolete sales.
Highlights:
1. Reduced property taxes by 43%.
2. First Company in the county to apply for and receive Free Port Warehouse tax exemption.
3. Bond project for upholstery plant expansion saved in excess of $650,000 over the 15-year life
of the bonds through interest rates & tax credits over conventional financing.
4. Increase credit lines 3.2 million with 84% of the lines below prime.
5. Introduced budgets first time in company’s 30+-year history.
TONY E. WATSON – Page Four
SUPER SAV-ON-DRUGS OF AMERICA, INC., Amory, MS (Drug Store Chain) 1993 – 1996
Comptroller
• All financial matters: cash flow, credit lines, bank notes, accounts payable, accounts receivable, payroll, and general ledger; produced monthly financial statements for all 10 units plus a consolidated statement.
• Personnel: implemented personnel development program to train employees.
• Insurance: reviewed and reduced insurance costs by $20,000 per year.
• Stockholders: distributed dividends to stockholders on a monthly basis.
• Implemented and administered: bonus and 401(k) plans.
• Information flows: converted accounting systems, implemented general ledger, upgraded connectivity and improved the information flows.
• Marketing: oversaw advertising, promotions and marketing.
• Reporting: developed budgets, forecasts inventory valuation and management reports.
• Taxes: prepared sales tax returns, personal property taxes and payroll taxes for all units.
• Managed office staff of 8.
1989 - 1993: Controller/Personnel Manager, MFJ Enterprises, Inc., Starkville, MS
Amateur Radio Equipment Manufacturer
1988 - 1989: Supervising Accountant, United Gas PipeLine Company, Inc., Houston, TX
Natural Gas Transmission
1987 – 1988 : Accounts Payable Manager, Bench Craft, Inc., Blue Mountain, MS
Furniture Manufacturer
1986 - 1987: Store Manager, Long’s O.K. Tire Store, Aberdeen, MS
Retail Tire Store
1982 - 1986: Accountant, United Gas PipeLine Company, Inc., Houston, TX
Natural Gas Transmission
1980 - 1982: Full-Charge Bookkeeper, MFJ Enterprises, Inc., Starkville, MS
Amateur Radio Equipment Manufacturer
EDUCATION
Bachelor of Professional Accountancy, Mississippi State University – 1982
Transfer, Itawamba Junior College – 1980
Highest Honors, Aberdeen High School -- 1978
PROFESSIONAL
President, Board of Directors – Northeast MS Credit Union
Founding Member – Monroe County Human Resources Association
Notary Public
Quickbooks Pro Advisor
REFERENCES AVAILABLE UPON REQUEST
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