Manufacturing CFO with international and ERP implementation experience

Michael A. Reifsteck, CPA

**** ********* **. ****: 585-***-****

Rushville, NY 14544 Cell: 585-***-****

E-Mail: **********@***.***

PROFESSIONAL PROFILE

Experienced “hands-on” Financial Executive with extensive knowledge of accounting policies and procedures, inventory management, cost accounting, treasury functions, human resources, taxes, and information systems. Experience with “Big 4” public accounting firm and CPA license as well as with privately owned companies. Outstanding communication, analytical and presentation skills, with a proven ability to effectively respond to a wide variety of challenges.

CAREER EXPERIENCE

NATIONWIDE PRECISION PRODUCTS, Rochester, NY July 2001 to April 2009

Chief Financial Officer

Directed financial, human resource, and information technology activities for a multi-location manufacturing operation with revenues of $200 million, closedown of a non-profitable operation with product lines being transferred to more profitable divisions, evaluation of acquisition targets, evaluation and implementation of new ERP system, development of budgets, and consolidation and presentation of divisional results.

• Closed down non-profitable operation and merged operations with another non-profitable operation. Individual operations were losing $6 million on an annual basis. Merged operation is now profitable as a result of cost cutting and more efficient operation.

• Set-up a greenfield operation in Shanghai, China. Company was incorporated as a wholly foreign owned enterprise with encouraged status saving over $1,000,000 in import duties on machines imported into China. Operation was manufacturing parts 12 months after initial start-up.

• Directed implementation of new ERP system over a six month time frame.

HORIZON AEROSPACE, LLC, Victor, NY November 1997 to June 2001

Chief Financial Officer

Directed financial, human resource, and information technology activities for a multi-location manufacturing operation with revenues of $30 million, establishment and management of a treasury function, evaluation of acquisition targets, evaluation and implementation of new ERP system, and consolidation and presentation of divisional results.

• Evaluated and negotiated banking relationships with several financial institutions to arrive at the most favorable arrangement for the company. Saved the company $50,000 in interest.

• Created reporting package for newly acquired companies to provide needed information on company results for corporate officers.

• Performed due diligence and negotiated purchase of product line which was later integrated into Victor, NY location increasing sales by $6,000,000.

• Evaluated alternatives to current 401k plan. Elected to remain with current plan provider with improved costs and increased choices for plan members.

FLIGHTLINE ELECTRONICS, INC., Fishers, NY August 1993 to October 1997

Chief Financial Officer

Managed all accounting activities for a defense/commercial aviation manufacturing company with annual sales of $15 million, including presentations to the Board of Directors, communications with venture capitalists and banks, negotiation with government agencies for annual allowable overhead rates, development of budgets, cash management, calculation of income using percentage of completion, income taxes, administration of 401k plan.

• Negotiated sale of company to new owners with split off of former subsidiary, which became Horizon Aerospace, LLC, resulting in substantial profit to shareholders.

• Negotiated forbearance agreement with venture capitalists and bank to give management time to obtain new financing or sale of company.

• Streamlined monthly closing process to enable books to be closed in four working days from previous ten to twelve working days.

• Led implementation team in upgrading of computer environment including spreadsheet, word processing, and database software; recommendation and purchase of new computers; upgrade of ERP system.

KPMG PEAT MARWICK, Rochester, NY 1987 - 1993

Progressive positions within a public accounting firm, reaching Supervising Senior Accountant level.

EDUCATION

ST. JOHN FISHER COLLEGE (1985-1987) Rochester, New York

B.S. in Accounting

FINGER LAKES COMMUNITY COLLEGE (1983-1985) Canandaigua, New York

A.A.S., summa cum laude, in Accounting

OTHER

Certified Public Accountant, New York State

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