ELAINE MCNUTT

*** ******* ***** ( Franklin, TN 37067 ( 901-***-**** (

umxyyd@r.postjobfree.com

QUALIFICATIONS SUMMARY

Successful financial manager with solid track record of accomplishments and

leadership experiences at both public and private companies. Experience

with companies ranging in size from $86MM to over $591MM in annual

revenues. Directed operational accounting, fixed asset accounting,

corporate accounting, financial planning and analysis and financial

statement management and reporting. Managed concurrent responsibilities by

overseeing SEC and FASB reporting, project management, and implementation

of internal controls. Operationalized company financial goals by

identifying and rectifying procedural inefficiencies that directly impacted

the bottom line. Recognized as an effective hands-on manager who

exemplifies a strong leadership model. Excel at problem solving within time-

critical deadlines.

EXPERIENCE

TOP RX, Inc., Bartlett, TN

2005-Present

Director of Finance

Responsible for all financial, accounting, and payroll operations of

privately held pharmaceutical distributor with revenues over $86MM. Serve

on Senior Management Team with reporting responsibilities to CEO/President

in addition to direct reporting to owner. Prepare monthly financial

package, create annual budgets and prepare monthly revenue and profit

forecasts and benchmark actual results to budget, forecasts, and prior

year. Serve as liaison to external auditors and tax accountants. Establish

and maintain internal controls for all accounting functions. Design and

implement accounting processes and procedures. Plan Administrator for 401K

and Profit Sharing Benefit Plans. Manage trade accounts receivable of $9MM.

Monitor $35MM Rebate income program. Serve as Chairperson for Compliance

Committee. Also handle bookkeeping of other family-owned businesses.

Significant accomplishments:

. Reduced general spending by $175K annually

. Implemented lockbox and remote deposit system

. Directed software system conversion from DACEasy to AS400/ASW

ACH FOODS, Memphis, TN

2004-2005

Senior Staff Accountant

Reported and monitored all marketing, advertising, coupon and promotion

spending. Worked closely with marketing managers and external coupon

redemption agency. Established and maintained internal controls for all

MACP spending. Ensured compliance with Sarbanes-Oxley Act. Prepared

month-end/year-end accruals and general ledger account reconciliations.

Significant accomplishments:

. Reduced fraudulent coupon redemption dollars by $300K

. Improved reporting process for MACP expenditures by tracking specific

promotions and reporting results within three days of the month-end

close

ACCREDO HEALTH GROUP, Memphis, TN

2003-2004

Accounting Manager-Accounts Payable & Inventory

Planned, directed and coordinated all accounts payable and inventory

operational functions. Established and maintained internal controls.

Created and implemented policies on such matters as expense reimbursement,

travel advances and petty cash. Ensured compliance with Sarbanes-Oxley Act

requirements. Prepared month-end/year-end accruals and general ledger

account reconciliations. Responsible for hiring, training, and developing

accounts payable staff. Managed cash disbursements of over $100MM monthly.

Significant Accomplishments:

. Reduced lost discount dollars by $200M

. Improve payables department's processing efficiencies by setting up

recurring payments and implementing system three way match

. Co-ordinate software system conversion from JD Edwards to Great Plains

JIMMY DEAN FOODS, Memphis, TN

1989 - 2003

(A division of Sara Lee Foods Corporation)

General Accounting Manager, 2001 - 2003

Maintained efficient and effective systems of accounting, internal

controls, and reporting. Oversaw P&L with revenues over $591MM and profits

of $67MM. Managed Balance Sheet with Assets and Liabilities over $92MM.

Oversaw all capital projects and fixed asset accounting. Provided

assistance in financial analysis and start up of newly acquired meat

company. Developed and implemented procedures and established protocol with

the shared service center. Managed and developed professional staff of

five.

Significant Accomplishments

. Led team in implementation of SEC and FASB reporting requirements of

revenue recognition for sales incentive related items

. Directed general ledger system conversion from AS400 to Lawson

. Transitioned all accounting functions from Memphis to Cincinnati

General Accounting Supervisor, 2000 - 2001

Oversaw all general accounting functions including account reconciliations,

bank reconciliations, cash wire transfers, property tax accounting, and

fringe benefit accounting. Established a cohesive team atmosphere by

defining each team member's individual responsibilities as well as the

expectations of the department. Assisted external and internal auditors.

Significant Accomplishments:

. Implemented Lawson general ledger system, which included mapping over

10M account numbers to less than 3M

. Identified procedural problems inefficiencies during month-end close.

Successfully eliminated two days from closing schedule

. Recognized with Achievement Award for completing Leadership 2000

training.

Associate Cost Financial Analyst, 1998 - 2000

Provided critical division support by maintaining and monitoring the cost

and inventory programs. Assisted with system improvements, audit

compliance and authorization controls. Managed and maintained all

inventory, co-pack pricing, bill of material, routing and cost master files

within the standard cost system. Assisted in the analysis of raw material

forecast and resulting P&L impacts. Worked closely with both Retail and

Foodservice R&D on new product costing. Performed various analyses to

identify potential cost and inventory issues.

Significant Accomplishment:

. Received Recognition Award from Director of Cost Accounting for

accelerating new beef jerky item costings, 1999

Associate Financial Analyst - Planning and Analysis, 1998

Served as liaison between internal finance departments such as Cost

Accounting and General Accounting. Assisted with annual strategic

planning/forecasting processes concerning revenues of over $500MM and

profits exceeding $62MM. Worked closely with CFO and other executive

managers to facilitate reporting and fulfillment of information requests.

Prepared, coordinated and submitted Monthly Financial Barrel Package to

Meat Group Headquarters.

Management Reporting Specialist, 1994 - 1998

Accountable for weekly estimated profit and loss statements, volume

projections, and various financial analyst duties. Worked with preparation

of annual operating plan, long-range plans, and full-year projections.

Significant Accomplishment:

. Honored with Recognition Award for participation in Tastefuls! new

product team, 1995

Staff Accountant, 1990 - 1994

Responsible for fixed asset accounting, property tax returns for multi-

state locations, property insurance valuation reports for self-insurance

coverage, and additional duties related to monthly and quarterly financial

package and year-end tax kit. Tracked capital expenditures and monitored

actual spending versus approved spending. Retained functions of previous

position, such as financial statements, coordination of month-end close,

and general ledger account reconciliation. Worked closely with Sara Lee

Corporation Finance and Tax Office.

Senior General Ledger Accountant, 1989 - 1990

Oversaw payroll bank account and tax accrual reconciliation, inter-company

note transactions and preparation of royalty statements and payments.

Managed the allocation of marketing, advertising, and promotion expenses.

Prepared monthly financial statements and year-end tax kit. Prepared sales

and use tax returns, gross receipts tax returns and operating bank account

reconciliation. Worked closely with plant Controllers, Accounts Payable

Manager and Credit Manager.

INTERNATIONAL PLAYTEX, INC., Memphis, TN

1979 - 1989

Manager of General Accounting, 1982 - 1989

Accountant/Payroll Supervisor, 1979 - 1982

EDUCATION

Bachelor of Science Degree, Business Management, University of Phoenix,

Memphis, TN

Associate of Science Degree, Accounting

Associates of Science Degree, Data Processing Technology

Southwest Tennessee Community College, Memphis, TN

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