CPA with 16 Years Proven Success - Seeking New Opportunity

Douglas A. Herbert, CPA

*** ******** ***** ******, **** 44256 330-***-****

*********@***.***

Profile

CPA with 16+ years Professional Accounting Experience, including 14+ as Controller/Director of Finance. Strengths include Expense Control, Process Improvement, Turnaround Management, Staff Development, Strategic Business Planning and Budgeting. Expertise includes all phases of company accounting including A/P, A/R, P/R, Job Costing and Cost Analysis, Inventory Management, Monthly, Quarterly and Annual P&L preparation – as well as production of Annual Business Plan, Monthly Forecasting and Metrics reporting. Additional knowledge and experience includes ERP Implementation, Merger and Acquisition Due Diligence, Capital Equipment Expenditure evaluation for IRR, Consolidation Accounting, preparation of Workers Comp, Payroll, Real Estate and Personal Property Tax Returns, and knowledge of GAAP Policies and Procedures and Sarbanes Oxley requirements.

Work Experiences

Plant Controller – Vertis Communications (formerly American Color Print) – Medina, Ohio

March 2006 – Present

Vertis Communications is an international commercial printer of newspapers, catalogues, brochures and other fine printed products with in excess of $1 Billion in combined annual revenues. The Medina plant is a $50 Million per year plant, and is one of 39 plants in North America. It was 2nd most profitable amongst the former American Color Plants

• Charged with producing Monthly & Annual P&L’s, as well as the Annual Budget, Weekly & Monthly Forecasts, Cost and Financial Analysis and various financial metric reporting – used to drive Management Decision Making at both Plant and Corporate Levels

• Part of the Key Management Team responsible for Plant Performance

• Directly Responsible for Quarterly and Annual Audit reporting and Direct Interfacing with Auditing Personnel

• Review and Submission of Capital Equipment Requests by IRR Evaluation

• Fixed a major inventory management problem… by root cause problem solving analysis, and by working with other plants to put new policies into place

• Responsible for Sarbanes Oxley & GAAP compliance, instituting policies and procedures and for Staff Management and Development with an Accounting Department where 5 of the 6 staff members were new hires. All have been trained and retained and department performance is high.

• Plant has shown record profitability - consistently well above budgeted and prior year earnings since my employment began due to improved inventory control, improved financial reporting

Additional Experiences

Plant Controller - Sealy Mattress Company – Medina, Ohio

December 2004 – March 2006

The Sealy Mattress Company is a Multi-Billion dollar organization recognized as the worldwide leader in the sale of bedding and bedding products. Sealy owns and manufactures the Sterns & Foster and Bassett Bedding lines as well. The Medina plant is a $64 Million dollar Plant with 180 employees and is one of 17 domestic manufacturing plants.

• Produced Annual Budget, Monthly and Annual P&L’s along with various daily, weekly and monthly performance metrics - then utilized the results of those metrics to drive performance related management decision making that led to improved profitability

• Director of Manufacturing and myself were equally responsible for Plant Financial Performance

• Duties included giving various presentations to Corporate Management Team members

• Charged with instituting Sealy’s Sarbanes Oxley procedures at Medina plant, and insuring compliance with GAAP policies and procedures while Supervising a staff of 8

• Participated in Lean manufacturing and Continuous Improvement events that led to a decline in labor cost per unit of more than 18% in 2005

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Park Ohio Industries – Cleveland, Ohio

1998 – December 2004

Park Ohio Industries is an $800M holding company publicly traded on the NASDAQ stock exchange under the symbol PKOH. Its primary divisions include ILS, RB&W, General Aluminum and a Manufacturing Division that includes many diverse subsidiaries located worldwide.

Division Controller – FECO, A Park Ohio Company – Cleveland, Ohio

1998 – 2000 (Concurrently as PMC Controller from April 1999 – September 2000)

FECO is a Capital Equipment manufacturer of various types of machinery. FECO went bankrupt in February 1997, after which time Park Ohio bought the Assets of the former company. The company had a disappointing first year under Park Ohio’s ownership, earning an EBIT of $1K on $8Million in sales. I was hired in March of 1998 to improve the financial performance of the company. I was successful, and was later promoted to Division Controller of PMC.

• Duties included Monthly P&L, Annual P&L, Forecasting, Budgeting and Corporate Reporting

• Division generated a significant profit for the first time in 10 years ($439,000) in my first year as Controller

• Division continued to be profitable for each of the 3 years during which I was Controller

• Greatly Improved efficiencies of Accounting Tasks, by using spreadsheets to automate some formerly manual tasks – resulting in more accurate and more timely information for management to use in decision making

• Greatly reduced Working Capital requirements through various creative and innovative means

• Discovered and corrected a major inventory problem, which was creating inaccurate job costing as well as having a negative impact on the P&L

• Utilized % of Completion Construction Accounting to manage multiple concurrent Capital Equipment projects

Division Controller – PMC Industries Corp., A Park Ohio Company – Wickliffe, Ohio

1999 – December 2004

Promoted by Park Ohio’s Vice President of Manufacturing to be one of 4 key individuals leading the turnaround of a newly acquired subsidiary purchased from a bankruptcy auction. PMC was a privately held Capital Equipment and Spare Parts manufacturer of pipe threading equipment for the oil and natural gas industries that had not generated a profit in 10 years and had gone bankrupt prior to my becoming part of the Management Team

• Charged with Monthly P&L, Annual P&L, Forecasting, Budgeting and Corporate Reporting

• Company EBIT in first year of post-bankruptcy operations was in excess of $2.2M. Each year during my time as Division Controller resulted in multi-million dollar profit.

• Performed due diligence during PKOH acquisition of Belgium based sister company - MP Colinet

• Financial Liaison for MP Colinet, produced consolidated financial statements for PMC/Colinet

• Headed project in which we installed a new ERP system (Visual Manufacturing), leading to improved financial reporting, accuracy and improved customer delivery time

• Headed energy based cost saving projects that led to annual savings in excess of $200,000

• Tightened credit management – leading to significant reduction of Accounts Receivables, and a significant improvement of Cash Flow

LaGrange Screw Products, Miller Gear and Judd Industries, Inc. – Lagrange & Brook Park Ohio

1992-1994; 1996-1998

LaGrange Screw, Miller Gear and Judd Industries was a privately held group of metal forming companies that had $15 Million in combined Revenue and 150 employees in total at it’s peak. I held various positions within the group

Assistant Controller 1992 –1993

• Responsible for all A/P, A/R and P/R related tasks for all 3 companies, in addition to producing customer quotations

• Handled Daily Bank Reporting and interfaced quarterly with Bank Auditors

• Prepared Federal, State and Local monthly, quarterly, and annual payroll related tax returns and documents, includingW2’s and 1099’s

Sales, Purchasing & Production Manager 1993 – 1994

• Duties included maintaining and developing customer relationships, purchasing raw materials, and scheduling labor and machine time to best match material deliveries and customer due dates

• Accepted customer orders and coordinated with the Plant Manager to see that tasks were completed, using the most quality and efficiency possible

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LaGrange Screw Products & Miller Gear Controller and Computer Systems Developer 1996 – 1998

• Responsible for all top level Accounting Related Tasks, Supervisor of staff at multiple locations

• Customer Service Representative for several key customer accounts including automotive industry giant General Motors, Delphi Packard Division

Bob White Services, Inc. - Lakewood, Westlake & Brook Park, Ohio

1994-1996

Bob White Services was a Commercial Laundry Service, catering to Major Area Hospitals. with 3 - 5 Million in Sales. The company had been in business for 35 years, and had never before had its own internal Accounting Department. The decision was made to internalize the accounting of the company due to rapid growth and the need for expansion of the business. I was charged with internalizing all accounting functions, and hiring and developing a staff, and developing management reporting.

Controller / Office Manager

• Computerized all Accounting functions using Peachtree Accounting, Lotus 123 and Quicken

• Played a key role in attaining a $500,000 SBA loan by preparing financial forecasts, creating budgets and reporting various financial information on multiple future financial scenario’s of the company

• Administrator of Worker’s Comp, Unemployment and Employee Health Care

• Slashed the companies out of house Accounting fees by $20,000+ annually by preparing all payroll tax returns in house and by producing and maintaining monthly Balance Sheets and Income Statements for the first time in the companies 35 year history

• Reduced the annual general insurance premium from $21,000 down to $13,000 and improved coverages by shopping the company’s insurance out to 8 different agencies

• Company success and growth was so rapid, owner sold the business in June of 1996 to a company with their own Accounting staff… (Economy linen of Akron), which precipitated my leaving

Education

Baldwin Wallace College - Berea, Ohio

• Bachelor of Arts-Business Administration with an emphasis in Accounting, June 1991

• GPA 3.24 overall, 3.70 in Business Classes

• Dean’s List – every quarter 1989-91

• Baldwin Wallace Presidential Scholarship-all 4 years

Conviser Duffy CPA Review Course - 1998

• Awarded CPA Certification in June 1999 – License # 04-2-37563

Personal

• Included in the 1996, 2001-2008, International Who’s Who of Professionals, based on anonymous recommendation for outstanding personal achievement

• Owned and Operated my own successful business for 7 years (1985-1991)

• Advanced from fresh college graduate with no Accounting experience in June 1991 to Controller of a $3 Million dollar per year operation in 1994 to my current position as Controller of a $50 Million Dollar Plant

Computer Background

• Co-Chaired ERP Implementation Project while part of PMC Industries (Installed Visual Manufacturing)

• Experience with Real World, Peachtree, Yardi, MAS90, Lawson, Essbase, Solomon & Visual Manufacturing Accounting Packages, Xenix, DOS, Novell 3.12, Windows 3.1, Windows 95 & Windows 98 Windows 2000, Windows 2000 Server & Windows XP & Vista operating platforms

• Software knowledge and experience including Microsoft Excel, Word, Access, Powerpoint, Outlook, Works, Lotus, Quicken, Kronos, Peoplesoft, Crystal Reports and Others.

• Ability to troubleshoot, upgrade & build Computers and Servers from scratch

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