Accounting Sales
Resume:
MICHAEL B. HAMPEL, CPA
Redondo Beach, CA 90277
**************@*****.***
EDUCATION: University of Southern California 9/89
Bachelors of Science, Accounting (Alpha Kappa Psi, Deans List, 3.7 GPA)
CPA STATUS: Certified Public Accountant, State of California (Current) 7/92
PROFESSIONAL EXPERIENCE:
Ecology Control Industries, Distribution, Transportation and Contracting 5/10 - Present
President and CFO, Torrance, CA -- (CONFIDENTIAL)
Responsible for running the day-to-day operations related to Accounting, Finance, Treasury, Payroll, Tax, HR, IT, Sales, Operations, Dispatch, and Logistics. Turned company around, reduced debt, raised cash, increased sales and became profitable. Company will be purchased by competitor, transaction to close on 6/30/12.
• Introduced job cost accounting using MAS 200 which enhanced overall reporting by location, by line, and revenue cycle within each business segment.
• Identified opportunities to reduce costs and enhanced revenues which contributed to higher margins.
• Identified business segment deficiencies leading to the closure of multiple geographic markets.
• Effectively managed all credit and banking relationships while securing ongoing and future financing.
• Established line of credit facility to reduce dependency on AR factor relationship.
• Identified sales opportunities and strengthened collection of outstanding AR to optimize cash flow and eliminate bank float. Performed cash modeling, debt subordination and restructuring/forbearance.
• Achieved a 15% reduction in run rate expenses by targeting and implementing outside services (i.e. fuel providers, equipment maintenance, payroll service, etc) with lower cost alternatives.
• Prepared and negotiated new competitive bid contracts to acceptance with increases for billing of staff overtime, extended equipment billing rates, fuel surcharges and change orders.
• Paid down debt and raised cash by orchestrating sale and settlement of underutilized assets.
• Enhanced franchise service by acquiring a small company to serve as a secondary transporter.
MB Homes, Residential Design, Development and Construction 6/01 - 5/10
Controller and CFO, Los Angeles, CA and Las Vegas, NV Divisions
Created business plan and obtained funding for purposes of designing, building and developing residential real estate. Subsequent to business launch, duties focused primarily on the accounting and financial details, including all organizational aspects.
• Developed, enhanced and implemented financial policies and procedures of the company.
• Designed and maintained the accounting system and related controls within Yardi.
• Responsible for month end close, timely preparation of financial statements and ad hoc reports.
• Prepared capital operating budgets and financial forecasts.
• Responsible for all accounting practices including finance, accounting operations, treasury and tax.
• Negotiated real estate purchases, sales, lease contracts and leasehold improvements.
• Directed, planned, and forecasted the financial strategy while conferring with partners and investors.
• Managed cost containment for the entity and directed the preparation of the annual operating budget.
• Analyzed and reported on trends/opportunities for expansion.
• Managed company’s financial exposure through appropriate means (contracts/lien issuance/legal dealings).
• Created strong business relationships with external contractors, architects, city departments, real estate brokers, tax professionals, legal counsel, and insurance brokers.
• Evaluated and advised on the impact of long range planning of new initiatives as they impacted the Company from a financial perspective.
MICHAEL B. HAMPEL, CPA Page 2 of 2
CB Richard Ellis (CBRE), Commercial Real Estate Services 11/97 - 5/01
Director of North America Shared Services, Vice President
Directed the efforts of 62 staff in supporting and maintaining the shared service infrastructure.
• Financial and Management Reporting: Responsible for preparation and presentation of a full set of GAAP generated financial statements, business analysis reports and ad hoc reports.
• Accounting Operations and Services: Responsible for daily transaction processing within Revenue Accounting, Accounts Payable, General Accounting, Fixed Asset Accounting and Payroll.
• Financial Systems: Supported maintenance People Soft financial system/related financial ERP platform.
Significant Accomplishments:
• Merged 3 major acquisitions into shared services group for centralized processing and reporting.
• Organized and led coordinated team to successfully implement Peoplesoft v7.5 financial application suit.
• Sponsored design and development of an internet application enabling 70 brokerage offices to submit revenue related transactions electronically into Peoplesoft projects.
• Planned, implemented and executed a 4-month top-level rollout of People soft financials to the lines of business. Main deliverable was to provide profitability analysis by business segment, local market and Individual profit and cost centers.
• Developed business profitability matrix and benchmarks for local markets allowing for performance measurement of sales and cost drivers within offices and regions.
• Benchmarked and evaluated transaction processing to prioritize cost reduction effort and facilitate quality control of processed data. JDE’s “one world” implementation at property management division acquired.
Aegon (formerly Transamerica), North American Life Companies 10/95 - 10/97
Director of Corporate Accounting, Operations, Control and Services
Directed efforts of 42 professional staff in three departments for the life companies:
• Financial operations: Responsible for G/L operation, chart of accounts maintenance, interface balancing, tree structure, budget and cost center allocation and monthly closing.
• Treasury operations: Responsible for cash reporting by product segment, reconciliation of 300+ operating accounts, exception clearing, and maintaining the bank reconciliation system.
• Corporate Accounting, Control and Accounting Services: Responsible for maintaining and establishing accounting policies and procedures, preparation of account analysis and calculating corporate accruals. Directed efforts of accounts payable and general accounting. Heavy interaction with all lines of business to provide financial, accounting and financial system support.
• Special projects: Facilitated implementation of Peoplesoft v6.0 financial application suite. Directed six-month project to successfully reduce corporate suspense from $6 billion to under $250 million.
The Walt Disney Companies, Consumer Products Division 5/92 - 10/95
Supervisor of Accounting, New Business Development
Provided “New Business Development” division with accounting and operational support surrounding merchandising efforts for three product lines: Sports, Theatrical and Live Action merchandising.
• Provided direction for 16 staff in the revenue, expense, inventory, warehousing and disbursement cycles.
• Built accounting infrastructure and developed policies and procedures. Coordinated month end close and reporting processes to issue full set of financial statements.
• Drove financial profit plan to Senior Management to have new business budget approved which lead to expanded lines of business within consumer products Senior Management.
PriceWaterhouseCoopers, LLP 9/89 - 4/92
Senior Auditor, Fortune 50/Emerging Services and Japanese Practice Units
• Planned and coordinated financial audit engagements. Reviewed, evaluated and recommended improvements in operational and financial systems of internal control.
• Supervised staff and reviewed work papers, prepared financial statements and notes.
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