Accounting Management
Resume:
Ronald L. Broughton, CPA
Indianapolis, IN 46217
Phone: 317-***-**** – E-mail: ***********@*****.***
EXECUTIVE PROFILE
Business leader with a broad finance/accounting background. Successful in service, manufacturing, private, public, domestic and international environments. Experience raising capital through private and public offerings. Accomplishments in organization restructuring, financial and strategic planning, and operational improvements, through a total team approach.
Areas of Expertise:
• Financial administration, planning, reporting and analysis
• Management of multi-discipline operational teams
• Treasury (Debt and Cash Management) • Strategic planning
• Financial Services (Insurance) • Manufacturing
PROFESSIONAL EXPERIENCE
Self-employed Consulting Services 2009-Present
Financial, operational, and accounting consulting for a wide variety of clients, including manufacturing, non-profits, professional services and construction companies.
ONEAMERICA, Indianapolis, IN 2004-2009
Vice President of Finance and Treasurer
Responsible for management of banking relationships, debt negotiations and compliance, cash management, disbursement and collection operations, support of corporate finance systems, insurance risk management, liquidity action plan, acquisition reviews and integration and disaster recovery co-leader (Staff of 23). Major accomplishments:
• Developed a liquidity action plan to provide prompt response to increased cash demand.
• Initiated a funding agreement (debt) product, generating annual pre-tax income of $15 million.
• Rearranged banking services, reducing bank fees by $400K per year.
• Selected and lead the implementation of a web-based treasury workstation.
• Temporarily managed the entire operation of a Macon, GA subsidiary until leading its successful divestiture.
• Set product pricing as a member of the asset/liability committee.
CONSECO, Carmel, IN 1993-2004
Vice President of Finance
Assistant Treasurer (February 2002-December 2004): Managed the banking relationships, cash management activities to maximize return and commercial insurance risk. Participated in debt issuance and restructuring, including interest rate swap arrangements. Staff of 12.
Management Reporting/Financial Systems (January 2001-February 2002): Responsible for cost allocations and billings to operating divisions, collecting and maintaining budget and forecast data, providing consolidated budget/forecast variance analysis and managing the effective and efficient operation of all financial systems. Staff of 22.
Payroll/Benefits Accounting (January 1998-January 2001): Responsible for the payroll of 8,000 active employees and the accounting and financial reporting associated with the company’s benefit plans, providing guidance to the corporate benefits committee. Staff of 35.
Investment Accounting/Reporting (January 1995 – January 1998): Oversaw the accounting and reporting of the company’s $60 billion investment portfolio. Staff of 50.
Planning (October 1993 – January 1995): Responsible for the identification, analysis (including financing options), contract negotiation and coordination of the due diligence review of potential acquisition companies, budget preparation and monitoring, sale/leaseback analysis and negotiations, relationship with rating agency and investment banking analysts, and periodic SEC registrations. Staff of 5.
Financial Reporting (January 1993-October 1993): Responsible for the consolidation of the Company’s many subsidiaries and the preparation of the consolidated financial statements and related footnotes for SEC filings (Staff of 15). Major accomplishments:
• Managed the initial public stock offerings of Bankers Life Holding Company and CCPI.
• Integrated acquired businesses into Company operations.
• Reestablished management/staff trust, improving Investment Accounting/Reporting department staff morale, introduced procedural changes and increased automation.
• Centralized six separate HR/Payroll systems into one fully integrated system, introducing additional automation interfaces significantly improving the efficiency.
• Reduced operating costs by 15-25% in each new area of budget responsibility.
HURCO, Indianapolis, IN 1988-1993
VP of Finance, Chief Accounting Officer and Corporate Controller (Acting CFO: 1991-1993)
Responsible for all Accounting/Finance, HR and MIS functions, SEC reporting (10-K, 10-Q, Annual Report and Proxy), monthly financial statements with financial analysis letter and summary for Board of Directors, health and 401-K plans, annual budget preparation and quarterly forecast updates, coordination of external audit, treasury and debt management, risk management, litigation, and shareholder relations (Staff of 24). Major accomplishments:
• Conducted a successful ongoing product reengineering process to improve quality and reduce costs, leading a team of engineers, manufacturing staff, and purchasing agents.
• Managed the bank credit agreement, the private placement of Senior Notes, Economic Recovery Bonds, and a public stock offering.
• Negotiated and co-managed the construction of the Company’s World Headquarters.
• Selected, purchased and implemented a fully integrated manufacturing computer system.
• Achieved cost savings on the Company’s self-insured health plan (20% savings), commercial insurance programs (25%), car lease program (10%) and audit fees (4%).
• Negotiated purchase agreements of three business acquisitions.
PRICEWATERHOUSE COOPERS (FORMERLY COOPERS & LYBRAND), Indianapolis, IN 1979-1988
Senior Audit Manager
Experience on a diverse group of SEC and private clients (including construction, financial services, mining, manufacturing and retail), heavily emphasized managerial skills, ability to work under stringent time budgets and deadlines, writing and analytical skills, and computer literacy. My demonstrated technical skills led to work on a variety of special projects (i.e. analysis of client’s M&A activities and operational reviews). Two of my nine years were spent in the Firm’s National Accounting and SEC Directorate in New York. Directorate responsibilities included:
• Responded to accounting questions from practice offices throughout the United States.
• Monitored the FASB’s (including the Emerging Issues Task Force), AICPA’s and SEC’s activities, with a focus on a wide variety of derivative accounting.
• Wrote the Firm’s response on accounting rules promulgated by the FASB and the AICPA.
• Developed a system allowing practice office access to a database of accounting information.
• Added networking capabilities to the Directorate’s personal computer system.
EDUCATION
INDIANA UNIVERSITY 1979
Bachelor of Science Degree in Business: (3.4 GPA) with an emphasis in Accounting (4.0 GPA). Completed all four parts of CPA exam on the first attempt – May 1979.
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