Canfield Mike

MIKE CANFIELD, CPA

*** ***** ****** ******

Naperville, Illinois 60540

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

Home 630-***-****

Cell 630-***-****

PROFESSIONAL SUMMARY

Extensive experience as a financial professional with public and privately-held companies and national public accounting firms. Experienced controller, department manager and staff mentor. Expert technical skills in SEC and GAAP accounting policies and procedures, management reporting, planning, budgeting, due diligence and financial analysis. Excellent communication skills. Effectively works with all levels within an organization. An executive leader with a motivational management style that produces positive results.

CAREER EXPERIENCE

ALTIVITY PACKAGING, LLC; Elk Grove Village, Illinois 2006-2008

Assistant Corporate Controller

Altivity was a $2.0 billion manufacturer of consumer packaging products owned by Texas Pacific Group. Altivity merged with Graphic Packaging Corporation (NYSE:GPK) in March 2008, forming a $4.5 billion company and resulting in the elimination of the Altivity corporate accounting group in September 2008.

Managed eleven-person accounting group responsible for general accounting, monthly close and consolidation process, external financial statement reporting, financial analysis and benefits accounting. Significant interaction with 50 plant and business-unit controllers in development, communication and implementation of accounting policy and audit coordination. Integral involvement in acquisition accounting, accounting policy conformity and integration of two legacy systems. Primary liaison with outside auditors. Researched accounting issues. Prepared external financial statements, footnotes and ad hoc reporting.

* Managed audit planning process and accumulation of audit information from 50 plants; created initial financial statements and footnotes and completed first-time audit within lender’s deadlines.

* Developed and implemented conforming accounting policies from the disparate policies of the two legacy companies, resulting in comparable financial measures amongst the plants.

* Built a successful 11 person accounting group; interviewing and selecting 6 professionals to join the team.

* Recognized as a trusted business confidant of the corporate controller.

* Presented the opportunity of a similar position with Graphic Packaging; declined offer to relocate.

ENESCO GROUP, INC.; Itasca, Illinois 2005-2006

Corporate Controller

Publicly held multi-national distributor of giftware products; $250 million annual revenues. Enesco’s deteriorating financial condition prompted my voluntary departure, prior to Enesco’s Chapter 11 bankruptcy.

Managed seven-person group responsible for financial reporting and the corporate accounting for receivables, payables, inventories, payroll and fixed assets. Worked closely with turnaround consultants and management on numerous operational and profitability issues. Managed the inventory costing and reserve development process. Primary liaison with outside auditors. Significant responsibility for preparation and content of SEC filings, development of accounting policy, issues research and audit committee presentations. Directed the monthly close and consolidation process, corresponded with foreign subsidiaries. Significant activity with Sarbanes-Oxley accounting policy development and documentation.

* Hired as Assistant Corporate Controller, promoted to Corporate Controller in September 2006.

* Created system download and spreadsheet to enable the determination of appropriate obsolescence and slow-moving reserves for inventory of over 10,000 products resulting in substantially decreased inventories.

* Documented accounting policies and rectified deficiencies for Sarbanes-Oxley auditors.

FIRST HEALTH GROUP CORP.; Downers Grove, Illinois 2003-2005

Director, General Accounting

First Health was a publicly-held national health benefits services company with annual revenues of $900 million. First Health was acquired by Coventry Healthcare in January 2005, resulting in the elimination of hundreds of corporate positions in Downers Grove.

Responsible for general accounting, corporate treasury, external financial reporting and fixed asset accounting with three direct and ten indirect reports. Directed and assisted in the preparation of SEC filings and management reports. Directed the monthly close and ensured compliance with monthly close schedule. Managed the corporate treasury department; monitored cash and debt balances, directed line of credit borrowings and principal and interest payments. Primary liaison with brokers for D&O, E&O, property and casualty and workers compensation insurance. Reviewed accounts payable disbursements. Monitored the fixed asset staff, including the capitalization of software development costs. Significant activity with Sarbanes-Oxley accounting policy development, documentation and testing.

* Initially managed eight-person general accounting group, earned responsibility for corporate treasury, external reporting and fixed asset accounting resulting in three direct and ten indirect reports.

* Developed procedures requiring monthly preparation and filing of schedules for all balance sheet accounts, resulting in tighter controls over journal entry procedures.

* Appointed primary liaison with outside auditors for annual audits and quarterly reviews, resulting in more efficient audit and review engagements.

THE OXFORD COMPANIES; Chicago, Illinois 2001-2002

Director of Finance

The Oxford Companies acquired companies for investment purposes. Assisted with the management of a financially troubled investee publishing company. Both Oxford and the investee ceased operations in July 2002.

Managed the controller, assistant controller and seven staff accounting group of investee publisher. Advised corporate and investee management regarding operations, budgets, cash flow, accounting policies, credit and collections, sales terms, productivity improvements and workforce reductions. Developed and implemented procedures to produce GAAP financial statements and management reports. Prepared and analyzed cash flow projections and monitored disbursements. Worked closely with sales and operations management in solving efficiency and profitability issues. Performed financial analysis of other potential acquisitions.

* Created spreadsheet to track revenue and expense accumulations and resulting balance sheet deferrals for hundreds of in-process publications. Used spreadsheet to assess publication profitability.

* Prepared the initial GAAP-basis financial statements and footnotes of publishing company and managed the first-time audit process, resulting in a dramatic re-assessment of company value.

GRANT THORNTON LLP; Chicago, Illinois 1996-2001

Senior Manager

Conducted and managed financial statement audits for this sixth-largest U.S. public accounting firm.

Managed approximately 25 annual engagements for both public and privately-held clients. Advised clients on technical and general business matters; GAAP and SEC accounting and reporting issues. Significant activity in domestic and foreign company consolidations, foreign currency translations and conversions to U.S GAAP. Performed due diligence assignments and other non-audit engagements. Substantial involvement in practice development, meeting with prospective clients and referral sources. Evaluated performance and mentored staff; conducted staff training on audit and accounting matters.

* Primary client contact for technical matters, reporting issues, engagement planning, budgeting and billing.

CROWE CHIZEK & COMPANY LLP; Oakbrook, Illinois 1994-1996

Manager

Directed audit and other engagements for accounting and consulting firm.

Consulted and advised clients regarding accounting, operational and general business matters for client base consisting of manufacturers, distributors, non-profit organizations and municipalities.

MET-COIL SYSTEMS CORPORATION AND SUBSIDIARIES 1992-1994

THE LOCKFORMER COMPANY; Lisle, Illinois

Vice-President & Controller

Assisted with the turnaround of this manufacturer of metal and glass fabricating machinery.

Aggressively pursued cash collections and worked to maintain vendor relations during turnaround. Presented financial and operating plans to the Board of Directors, guided implementation of manufacturing software system; implemented third party processing of payroll.

MET-COIL SYSTEMS CORPORATION; Cedar Rapids, Iowa

Corporate Controller

Public holding company of four wholly-owned domestic subsidiaries and two foreign joint ventures that manufactured machine tools for the metal working industry.

Reported to the CEO, monitored financial reporting of all operating units and prepared SEC filings. Monitored cash flows, lines of credit and covenants. Coordinated audit and tax matters with public accounting firm.

MCGLADREY & PULLEN; Cedar Rapids, Iowa 1984-1992

Manager

Conducted audit engagements for national public accounting firm.

Directed audit engagements for manufacturers, financial institutions and professional service corporations.

Recruited by President of Met-Coil Systems Corporation (audit client) for position of Corporate Controller.

EDUCATION University of Northern Iowa; Cedar Falls, Iowa

Bachelor of Arts Degree in Accounting, June 1984

CERTIFICATIONS American Institute of Certified Public Accountants

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