Post Job Free

Resume

Sign in

CFO, Controller

Location:
United States
Salary:
100,000 to 120,000
Posted:
December 31, 2009

Contact this candidate

Resume:

TONI BABB

770-***-****

E-mail: x5lekl@r.postjobfree.com

Tatum, LLC March 2007 to June 2008

Corporate Controller

$250 million executive services firm. Reported directly to the CFO. Preparation on monthly financial statements, budgets, cash management, and banking relationships. Supervised 8 accounting and finance staff.

• 47% reduction in staff

• Reduced the closing and reporting process from 10 weeks to 2.

• Annual audit was completed in 50% of the time than from prior years.

• Able to improve closing and reporting processes.

• Consolidated 4 sister companies monthly.

• Established internal controls in order to safeguard assets and limit internal risk.

• Managed the implementation of 4 sister companies on to Lawson.

• Instrumental in the restructuring the financing of the company.

• Introduced Asset Base Lending to the company as well as maintaining compliance.

• Liaised with the Private Equity Firm.

• Liaised with independent auditors on annual audit and corporate taxes- Frazier & Deeter

COASTAL VIEW & PARADIGM DEVELOPMENT, LLC January 2006 to present

Interim CFO

Annual revenues up to $ 20 million. Construction and Development Company in Georgia and Florida. Reported directly to Managing Director. Prepared monthly financial statements, negotiated with banks, worked with real estate agents and marketing firms. Worked with the Director with costing of residential and commercial projects.

GERBER AGRI INTERNATIONAL, LLC January 1997 to January 2006

CFO

Annual revenues up to $130 million. Food manufacturer and Exporter both domestically and internationally. Responsible for monthly financial statements, budgets, monthly and quarterly financial analysis, ADP payroll, annual audit, collections, inventory, cash management, accounting practices and procedures, and banking /financial relationships. Supervise 6 accounting and finance staff. Reported directly to the CEO.

• Responsible for analyzing Gerber Pet Food subsidiary for solvency.

• 20% reduction in staff --relocated all financial and accounting functions to Atlanta from New York.

• Consolidated financials for 5 domestic and 5 foreign corporations in Russia, Channel Isle and Cyprus.

• Designed and implemented the manufacturing software for a start up subsidiary food manufacturing corporation in Nebraska.

• Responsible for analyzing shrink, variable and fixed cost for manufactured food products.

• Responsible for federal, state and quarterly taxes for all domestic and international entities.

• $8M asset base loan -negotiated current facility structure and rates.

• 25% reduction in month end closing time- redesigned closing process and reporting software.

• Liaised with independent auditors on annual audit and corporate taxes- Ernst & Young and BDO Seidman.

• Eliminated $200K in audit overruns.

• Implemented ERP system.

• Traveled to Russian manufacturing plant once a year to review internal controls and systems.

• Sold assets of 3 subsidiaries – totaling $5M- locating potential buyer as well as negotiating and structuring the sell.

T. Babb Page 2

GREAT ATLANTIC NEWS COMPANY, INC dba SOUTHEASTERN NEWS September 1992 to June 1996

Divisional Controller (A division of a multi billion dollar parent company)

Magazine and Book distributor with annual sales of $90 million. Responsible for monthly financial statements, budgets, monthly and quarterly financial analysis, payroll, employee benefits, annual audit, collections, inventory, corporate insurance and cash management. Supervised two departments with staff of 21. Reported directly to the Vice President/ General Manager.

• Formalized reporting process for 7 sister companies.

• $585K reduction in labor costs- implemented a scanner system for inventory and physical count.

• Performed financial due diligence for 3 acquisitions and 2 mergers- totaling $30M.

• Responsible for software conversion- to Platinum.

• Responsible for financial reporting for multi location profit centers, consisting of two depots and one retail book store.

• Developed and implemented activity based costing as well as Just-In-Time Inventory – allowing for 30% time savings.

• Liaised with KPMG on annual year-end audit.

ASHFORD INTERNATIONAL, INC. September 1987 to September 1992

Director of Finance and Operations

International export trading company of personal computers and peripherals with annual revenues of $25M. Responsible for preparing and analyzing monthly financial statements, tax reporting, payroll, annual budgets, and quarterly forecasting. Supervised three departments (Sales, Operations, Accounting) with staff of 7 employees. Reported directly to the President.

• Initial position was as A/P Manager-- gradually assumed finance and operations as company proceeded into Chapter 11.

• Responsible for sales, shipping, accounting, purchasing, inventory and assembling of computers.

• Devised a reorganization plan with the CEO, which was successfully completed within 9mos.

• Maintained a $3M working capital facility collateralized by international receivables.

• 25% reduction in inventory – implemented new internal controls and procedures for purchasing department.

• Responsible for financial reporting domestically as well as for the German and Belgium subsidiaries.

• Liaised with Arthur Anderson on annual audit and corporate taxes.

• Set up standards for compliance testing on computers assembled to be sold overseas.

• Negotiated approximately 60 Letters of Credit annually.

• Negotiated $3M United Nations contracts for the sale of computer products to 3rd world countries.

• Traveled to Brazil to install computer network of 21 computers at a textile school.

EDUCATION AND CERTIFICATIONS

B.B.A., Georgia State University, Major: Accounting.

Executive Management Courses at Wharton

• Creating Value through Financial Management

• Wharton Direct—Program for Strategic Planning, Critical thinking and Real-time decisions.

CPA Designate

T. Babb Page 3

PROFESSIONAL AFFLIATIONS

Board member of the Institution of Management Accountants and member since 1997.

TECHNICAL SKILLS

Experience with Windows, Excel, Quickbooks, Great Plains Dynamics, Harmony, Activity Based Costing, AS/400, Oracle, Access, Axapta, Lawson and PowerPoint.



Contact this candidate