Accounting Management

DARREL W. ANDERSON Master of Accountancy

**** ****** **** **., ************, IN 46259 Email: ***************@*****.*** Phone: 317-***-**** (H)

317-***-**** (cell)

OBJECTIVE: FINANCIAL EXECUTIVE MANAGEMENT (CFO/VP-FINANCE/DIRECTOR)

To Provide Strong Accounting / Finance Management expertise for a growth-oriented organization by contributing proven ability to:

• Improve Profits / Results by analyzing complex issues and recommending cost saving solutions.

• Meet Organization Objectives by building teamwork, providing effective leadership, and contributing cogent strategic analysis.

• Provide Efficiency Improvements by offering managerial expertise and implementing innovations.

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QUALIFICATIONS: An organized, analytical, and solution oriented business executive offering substantial management experience encompassing:

Strategic Planning Budget Leadership/Expertise Coaching/Instructing/Training Research/Analysis/Evaluation Strong Communication Skills Cost/General Accounting

Team Leadership/Collaboration Inspiring/Promoting Change System Implementation

ACHIEVEMENTS:

IMPLEMENTED divisional budgeting first time in government agency, achieving firm control of $70 million annual agency expenditures. Results: Reduced expenditures $51 million over a 7-year period, contributing significantly to reduction of taxpayer burden. Department of Revenue became known as model agency for budget control.

ESTABLISHED Internal Controls function for first time in Department of Revenue; agency responsible for tracking $11 billion in annual State revenues. Results: Performed agency-wide risk analysis and developed annual audit plan. Initiated, strengthened, and monitored agency controls/procedures. Within 4 years, discovered and corrected, with substantial IT collaboration, $320 million revenue reporting errors, improving State’s General Fund balance.

DEVELOPED analytical reporting tools and addressed economic challenges enabling UCBC to effectively respond to market deterioration. Results: Helped secure 2003 Fed Ex $4.1MM business for first time in 10 years.

INSTITUTED “Checkbook” accounting to monitor discretionary UCBC plant, sales, and administrative spending on a daily basis. Results: Facilitated achievement of $145K in monthly spending reductions.

DIRECTED implementation of PC-based accounting system by utilizing pilot system, establishing deadlines, and monitoring progress. Results: Achieved system conversion for Alpha Tech in 1 month (usually required 3-6 months).

ORGANIZED and monitored period closing efforts through tracking spreadsheets, account analysis, and weekly financial updates. Results: Condensed UCBC closing cycle from average of 20 days to 6 days.

DEVELOPED computerized analysis of Monsanto obsolete/slow-moving inventory by assessing/projecting inventory data. Results: Identified $650K inventory reduction opportunity and $50K annual savings in carrying costs.

DELIVERED electricity cost analysis presentation by assessing and evaluating Monsanto-TVA contract. Results: Facilitated savings of $1.2MM annually.

DARREL W. ANDERSON Master of Accountancy

PROFESSIONAL EXPERIENCE

CHIEF FINANCIAL OFFICER 2005 - 2012

State of Indiana Department of Revenue

Direct financial operations of government agency responsible for collection of $11 billion annual revenues. Prepare annual agency budget and analyze expenditure variances. Coordinate in-depth business review of each operating division. Establish and maintain performance metrics for Department utilized for Departmental review and quarterly reporting to Governor. Investigate collection performance for various types of taxes. Manage Procurement, Payables, Cashiers, Accounting, and Internal Controls staffs. Monitor all Departmental contracts and purchases. Key member of Commissioner’s executive team responsible for achieving restructure of Department of Revenue. Managed staff of 20-25 (75% professional, 25% clerical).

VICE PRESIDENT, FINANCE 1999 - 2004

Union City Body Company and Commercial Marketing Group of Work Horse Custom Chassis

Direct financial operations of $50-250MM businesses. Conduct weekly financial review with upper and middle level management. Analyze and report monthly and year-to-date performance versus budget, forecast, and prior periods. Perform cost analysis of variable, discretionary, and non-discretionary fixed costs. Examine/report discretionary spending on daily basis. Provide financial analysis of potential major fleet sales, including pricing recommendations. Monitor financial impact of foreign joint venture. Manage cash flow issues. Integral participant of Business Strategy team. Provide analysis & recommendations for labor reductions (25% of product cost).

MANAGERIAL CONSULTANT 1998 - 1999

RHI Management Resources

Cost accounting expert at multiple northern Ohio companies, including Stanley Air Tools, MTD Products, Marconi Communications, and Little Tikes Co. Directed variety of projects/functions, including period end cost closing, analysis of inventory fluctuations and overhead costs/variances, monthly profit/loss forecasts, and standard cost updates. Tasks also included make vs. buy analysis, DSO analysis and aged receivables reporting, accounts receivable procedure documentation, and participation in ABC cost study of operations.

ACCOUNTING MGR / COST ACCOUNTING MGR / ACCTNG SUPERVISOR Prior to 1998

Monsanto Chemical Co. / Flexsys America / Alpha Technologies, Akron, OH / Monsanto Port Plastics Plant Cincinnati, OH / Monsanto Chemical Plant Columbia, TN

Prepared budgets, forecasts, and variance analyses. Key member of team that directed PC-based manufacturing and accounting system installation. Conducted inventory statistical analysis, reconciliation, and variance analysis. Monitored cost system input. Developed efficiency improvements to facilitate period closing; managed and conducted period and year-end closings. Researched/investigated obsolete and slow-moving inventory. Directed job cost accounting and standard cost construction/maintenance. Prepared product profitability analysis and margin reporting. Coordinated manufacturing budgets. Supervised Accounting teams, up to 2 professional and 6 clerical. Directed accounts payable, accounts receivable, and property accounting. Directed general ledger maintenance/reconciliation and government reporting. Managed finished goods and production accounting (capital equipment production in Akron, OH; Lustrex and Fome Cor in Cincinnati; phosphorus furnace production in Columbia, TN). Developed capital equipment/construction accounting system. Coordinated plant wide inventory of physical assets and internal controls evaluation. Analyzed product line and start-up/shut-down costs. Audited inventory stock at outside locations and by-product contractor operations; flowcharted inventory processes. Conducted $3MM monthly electricity cost analysis, raw material cost tracking, and variable vs. fixed cost evaluation. Served on task force investigating product losses.

EDUCATION / TRAINING:

Master of Accountancy, University of Missouri; Bachelor of Arts, Business Administration, MidAmerica Nazarene University - salutatorian, summa cum laude. Who’s Who in American Colleges and Universities. CMA certification obtained 1984. Church Treasurer, Finance Committee and Properties Committee chairs, Board member. Served as Adjunct Professor at Indiana Wesleyan University.

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