Description
Versatile and conscientious finance professional with extensive hands-on and managerial experience in corporate finance, system enhancement, and growth. Strong communication and staff development skills with the ability to focus an organization on defining and reaching its goals and objectives. Began last position as the only accountant and developed a staff of over 30 and commensurate systems and internal controls as the company grew from $0 in revenue to over $170 million within a 15 year period.
Relevant Professional Experience
- Mergers and Acquisitions - Expense Management
- Bank Financing - System Design and Implementation
- Big 4 Public Accounting - Budgeting and Forecasting
- Financial Planning and Analysis - Operational Analysis
National Oak Distributors, West Palm Beach, FL 1996 – 2011
Chief Financial Officer
Principal from start-up reporting to the CEO. National Oak has over 325 employees in 17 locations, and annual revenue of approximately $170 million. National Oak is a wholesale distributor of automotive collision repair products.
• Recently negotiated $32 million financing facility
• Reduced inventory investment while increasing order fill resulting in an increase in gross profit of $900,000 per year and an inventory reduction of $4 million
• Negotiated and integrated 12 acquisitions over a 10 year period
• Designed and implemented A/P voucher imaging system resulting in an annual cost savings of $70,000
• Implemented cycle counting process which provided for earlier visibility of inventory shrinkage and reduced physical inventory costs by $100,000 per year
• Identified and resolved system problems causing inventory sub-ledger to general ledger reconciliation issues reducing year-end inventory adjustments by $60,000
• Managed system modification to facilitate inventory data importation
• Created budgeting model and prepared annual budgets for all locations
• Designed and implemented daily and weekly cash management reporting
• Negotiated more favorable vendor terms and conditions significantly increasing net inventory return on investment and reducing line of credit dependency
• General management responsibilities for marine industry subsidiary including vendor negotiations, start-up staffing, marketing and profit and loss performance
• Monthly reporting and performance analysis for 17 locations and a subsidiary
• Successful annual audit completion (financial, ESOP and 401(k))
• Responsibility for Accounting, Finance, Human Resources and Purchasing
Tinadre, Tampa, FL 1993 to 1996
Chief Financial Officer
Co-founder of Tinadre which is an independent sales organization for electronic transaction processing. Tinadre successfully sold its first merchant portfolio to First Tennessee Bank in 1995.
• Responsibility for Accounting, Finance, Human Resources
• Implemented automated accounting system
• Completed due diligence for proposed acquisitions
TransNet, Tampa, FL 1991 to 1993
Chief Financial Officer
TransNet was a national processor of electronic payments.
• Responsibility for Accounting, Finance, Human Resources
• Completed due diligence requirements when the company was sold to venture-backed investor
• Successful management of initial independent audit
Ernst & Young, Kansas City, Dallas, and Tampa 1981 to 1991
Senior Manager
Department manager as the Office Director of Entrepreneurial Services in Tampa. Ernst & Young is an international accounting firm.
• Director of department including audit, tax and consulting professionals
• Two year residency program in National Entrepreneurial Services Group (ESG) office
• Developed marketing and training materials for ESG professionals
Education and Professional Affiliations
Bachelor of Science, General Business Administration
Arizona State University, Tempe, AZ
1977
Master of Business Administration, Finance
Rockhurst University, Kansas City, MO
1980
Florida Institute of Certified Public Accountants
American Institute of Certified Public Accountants
Technical Skills
Word, Excel, Power Point and Perfection Management System (integrated distribution system)
Personal
Married with two children. Hobbies include volunteer work and fishing.
References
Available on request