controller

ROBERT J. DeVILLE, CPA **** N. Grand Court, Niles, Illinois 60714

************@*******.*** • 708-***-****

SENIOR FINANCIAL & OPERATING MANAGEMENT EXECUTIVE

Proven record of turning around under performing operations.

Results-oriented financial executive with a comprehensive record of success in manufacturing and distribution industries.

Senior financial manager for privately held corporations ranging from $3M to $150M in revenues and 20 to 250 employees. Controlled inventories ranging from $1.8M to $30M and receivables portfolios ranging from $1M to $12M. Managed staffs ranging from 4 to 60.

Chief liaison managing relationships with banks, insurance agencies, credit insurance firms, auditors, and financial management and systems consultants.

CAREER HISTORY AND HIGHLIGHTS

• Controller Weinstein Wholesale Meats, Inc., Forest Park, IL. 2008 to 2011

$150M, privately held, 100-person wholesale distributor of fresh meats.

Recruited for newly created position to institute a standard financial framework following period of rapid growth. Reported to CEO.

Developed warehouse labor reporting, and key statistical measures monitoring reports. Created ratio analysis. Completed bank borrowing base calculations and covenants reporting.

Managed $5M inventory, payroll for 2 corporate entities, and financial reporting. Led a staff of 6.

• Managed $10M A/R portfolio. Held A/R over 21 days to 8.5% and over 30 to 1%. Achieved DSO of 18.25 days.

• Formalized credit application process and performed credit research and analysis to approve set up of new customers and assign credit limits. Approved sales orders outside prescribed credit thresholds.

• Established and managed credit hold function; instituted credit insurance over portfolio; enhanced credit management systems features to control A/R and restrict sales outside established parameters.

• Converted GL from Peachtree to in-house ERP system. Created company’s first ever monthly financial statements. Reduced monthly closing time to 11 days.

• Created reporting of borrowing base, covenant reporting, and credit reporting. Converted payroll to online reporting.

• Automated loan borrowing transactions and had bank assign us to dedicated customer service.

• Held shrink on $5M inventory to under $10k.

• Slashed A/R write offs from $350k in 2010 to $0 in 6 months.

• CFO Faip North America, Inc., Elk Grove Village, IL 2005 to 2007

$50M, privately held, 250-person manufacturer and distributor of pressure washers and plastic hose.

Brought in as Controller to work with GM on acquisition due diligence. Promoted within 12 months to CFO reporting to CEO.

Managed accounting staff of 6 for 4 operating companies. Created all monthly financial and managerial information reporting to management and banks. Used 6 software programs to manage finances.

• Key team member that implemented 2 systems conversions to MAS 500 for 2 entities.

• Selected and implemented new banking relationships. Reduced line of credit borrowing from $9M to under $5M. Implemented spending controls. Managed multiple bank audits.

• Reduced inventory levels from $18M to $9M. Eliminated need for leased warehousing space.

• Developed business plan for acquisition. Performed due diligence reviews of acquisition targets. Led acquisition financial integration.

• Consultant DeVille Consulting, Niles, IL 2004 to 2005

• As Controller for a software games developer, created 8 months worth of past due statements.

• As CFO for a metals fabrication firm, directed the efforts of outsourced MIS consulting staff.

Created weekly management reports of key performance metrics, weekly bank borrowing base reports, cash flow statements and forecasts, and gross margin job cost reports.

Developed metrics performance charts for weekly operations meeting.

Maintained positive cash flow during declining sales.

Closed year-end books and prepared for undergoing 2 audits within 2 weeks of joining firm.

Produced timely financial reports after loss of 2 key staff members.

• Controller Gordon Kapes Inc., Skokie, IL 2000 to 2003

$4M, private designer/manufacturer of telecom and audio control equipment, and speaker systems.

Joined as Controller and within 4 months was given responsibility for all operations with the exception of engineering and sales. Reported to CEO.

Managed team of 11 in accounting, customer service, materials control, purchasing and production.

Created policies and procedures for all 2 business units and company’s first monthly financial statements.

Implemented vendor-managed parts program, Kanban program, and analyzed common parts utilized by two main business units for consolidated ordering, minimizing out of stocks. Created R & D project cost tracking; production reporting program.

• Launched finished goods inventory count program resulting in 25% improvement in inventory record accuracy. Reduced inventory shrink loss 30%. Improved inventory record accuracy to 90% from under 30% via improving inventory part number, bill of materials, and production work order processes. Directed inventory planning team.

• Reduced time to take physical inventory counts for 2 main businesses by 33% saving $10k.

• Designed daily one-page summary report that informed customer service of future production dates and quantities enabling accurate quoting of product delivery dates. Created ratio analysis.

• Reduced month-end closing time from 10 to 5 days. Reduced receivable write offs to under $10k.

• Improved accounts receivable past due aging of over 90 days to less than 10%.

• Created cash flow analysis and forecasting, and developed daily cash bank activity tracking report.

• Controller BST Promark, Elmhurst, IL 1997 to 1999

$15.5M, private designer/manufacturer of visual inspection and web guiding systems for printing presses.

Led a staff of 11 in accounting, MIS, and materials management. Managed cash flow, financial reporting and analysis, budgeting and forecasting, $1.8M inventory. Led implementation of new business enterprise software. Reported to Founder/CEO locally; dotted line to European parent company CFO.

• Cut shrink loss 50% by establishing efficient inventory & work order procedures.

• Improved monthly revenue and bookings reporting from 2 days to 1 day.

• Launched cycle counting programs resulting in 25% improvement in inventory accuracy.

• Saved $60k by applying for and receiving state grant to reimburse training costs.

• Reduced interest expense by $2k per month via daily monitoring of cash balances.

• Executive Committee Member that identified Critical Success Factors and resolved key issues.

• Consultant DeVille Consulting, Niles, IL 1993 to 1997

• Ottenheimer Uniforms: Identified/reconciled $1M understatement of vendor liabilities. Cash Manager during financial crisis, enabled uninterrupted manufacturing.

• Serta Bedding: Improved inventory accuracy, bills of materials and standard product costs. Identified under-statement of scrap factors and overstated inventories, which allowed for accurately stated income statement.

Earlier Career included Controller, Inventory Control Manager, Project Manager, Senior Financial Analyst, and Internal Audit Manager positions for the Federal Sign, Uniforms To You, Tenneco Automotive, LeeWards Creative Crafts, and Waste Management Inc.

EDUCATION

Masters degree in Project Management

Keller Graduate School of Management

Bachelors of Business Administration, Accounting

Loyola University of Chicago CREDENTIALS

CPA, Illinois

Six Sigma Green Belt

CIA (Certified Internal Auditor)

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