Objective:

To assist businesses that will utilize my experience in Financial Reporting, Financial Management, and Operational Management.

Professional experience

January 2001- Present

Helin, Donovan, Trubee & Wilkinson, LLP

Certified Public Accountants

·        Responsible for contract administration and engagement oversight.

·        Performed financial audits in accordance with GAAP.

·        Performed CFO services for a internet based consumer finance company.

·        Performed an agreed upon procedures engagement for a client to assess inventory controls and processes.

·        Assisted a Fortune 500 Company in the wind-down of financial operations of  a mortgage servicing subsidiary.

·        Provided financial statement preparation, tax accrual preparation, and other support for a US subsidiary of a Foreign Corporation to allow for a separate company audit opinion.

·        Provided outsourced internal audit services for a $400+ million financial institution.

·        Assisted client in the sale of $40 million in partially performing second mortgage loans portfolio at an average price of 84% of par.

·        Performed an analysis of $65 million defaulted loan portfolio to determine strategic options, valuation, and recovery performance.

·        Performance assessment and performance improvement engagement resulting in substantial operational improvements to client.

·        Prepared 10-K document and audit oversight for publicly held company.

·        Provided cash flow assessments and asset valuation of 16 securitizations residual interests (with $1 billion in underlying loans) for two separate clients.

·        Prepared the books and supporting documentation for two years of operation of a UK company to assist the Chartered Accountants file financial statements with the Companies House.

·        Performed due diligence on the potential acquisition of two-business by a client and provided valuation, tax, and operational recommendations.

Professional experience, continued

March 2000- January 2001

AEGIS Corp., Houston, Texas

Vice President and Director of Accounting

·        Responsible for financial statements, quarterly reviews, financial audits, tax preparation, and implementation of accounting standards for this Company with 1,200 employees and annual revenues of  $120 million.

·        Developed a monthly financial package that is distributed externally to assist in keeping investors and lenders up to date with the Company’s financial status.

·        Provided regular insight into the Company’s operations, the risks and opportunities facing the business, cash flow, liquidity, profitability, and leverage to the Company’s investors and lenders.

·        Developed financial forecasting models for use in strategic and monthly financial analysis, including Target Pricing and Activity Based Costing analysis.  Helped increase gross revenue per unit by over 20% while reducing net cost per unit by over 10%. Assisted in turning Company from a quarterly loss of $7 million in 1st quarter to marginally profitable operations in the 4th quarter of 2000.

·        Produced monthly departmental profit and loss statements with performance data, utilizing Cognos database software, for over 100 departments located throughout the United States.

·        Completed the 10-K filing and three 10-Q filings for AMC Financial, Inc.

·        Renegotiated 2 separate service contracts that resulted in annual savings in excess of $1 million.

·        Negotiated price and sold over $100 million in sub prime servicing rights that generated $3 million in operating cash flow.

·        Consolidated 3 decentralized accounting departments into a centralized accounting department after the acquisition of two separate business divisions resulting in a reduction of accounting staff from 30 to 22.

·        Established a high performance accounting department responsible for financial accounting (2 separate companies and 3 divisions), cash management ($30 million in float and $450 million warehouse capacity), accounts payable (centrally located for 3 divisions and 120 cost centers), budgeting/forecasting, financial analysis, and tax compliance.

Professional experience, continued

December 1997- February 2000

Empire Funding Corp., Austin, Texas

Corporate Controller/ Sr. Operations Manager

·        Managed financial operations during rapid growth from 350 employees and a $50 million annual run rate to 950 employees with a $200 million annual run rate in a 12-month time frame.

·        Managed the development of the Form S-1 Registration Statement and the Private Offering Memorandum for Empire Funding Corp.

·        Successfully worked with and managed the Investment Banking firms, Accounting Firms, and Law Firms that were participating in the process.

·        Assisted in the evaluation of various financing structures, including asset securitizations, bond financing, term debt, warehouse lines, subordinated debt, and private and public equity.  Worked with lenders and attorneys to establish terms of related financing agreements to maximize the terms to the benefit of the Company.  Raised in excess of $3 billion in permanent bond financing,  $1 billion in working capital capacity, and over $100 million in subordinated debt.

·        Routinely provided investors with Company performance information.

·        Key business advisor to executive and senior management, including financial forecasting, product profitability, cost accounting and analysis, tax analysis and strategies, and due diligence on new business opportunities.

·        Member of the Executive committee, Risk Management committee, co-chaired the Operations committee, and chaired the Default Recovery committee of the Company.

·        Managed an accounting department of 33 employees and a default recovery department of 16 employees (department established from scratch within 3 months). Developed financial package utilized by BOD, executive management, investors, lenders, and other external users.

·        Responsible for weekly, monthly, and annual cash flow analysis.

·        Provided financial analysis and asset valuation for the potential acquisition of various businesses.

·        Participated on senior management team on the acquisition and assimilation of four separate businesses.

·        Managed financial audits, tax filings, and tax examinations. 

·        Successfully completed an IRS examination with minor adjustments.

·        Eliminated bank service charges and implemented cash management strategies that earned substantial income (over $1,000,000) from float (over $50 million of float in Trust accounts) in Bank accounts.

·        Managed restructuring and negotiation of office leases, copier and printer leases, and other service and product contracts saving over $5,000,000.

·        Established and managed a default recovery group charged with management of in excess of $150 million in liquidated loans from securitizations.  This group substantially exceeded its recovery goals. 

·        Increased average monthly cash collections of liquidated loans from $262,500 in the 1st quarter to $1,500,000 in the 4th quarter of 2000, a 571% increase.

·        Initiated and completed over $100 million in defaulted loan sales to third parties generating in excess of $6 million in operating funds to EFC.

·        Prepared annual budgets for 25 separate departments.  Provided performance measurements and monthly feedback to department managers.

·        Chaired team that implemented customer statements for 80,000 customers, replacing coupons. 

June 1997- December 1997

Applied Materials, Inc., Austin, Texas

Senior Financial Manager

·        Project Manager in the Business Processes and Systems group responsible for implementation of lean manufacturing at Applied’s Austin manufacturing site.

·        Project Manager of a 7-member core and 40 member extended team that implemented the restructuring of the 5 financial departments into one centralized department.  Project provided positive results including substantial productivity improvements, increasing value-added time to in excess of 50% of department’s time from less than 30% previously.

·        Assisted in the implementation of an activity based costing system.

·        Lead project to conduct a site wide materials inventory and valuation.

Professional experience, continued

September 1985- May 1997

KPMG Peat Marwick LLP, Austin, Texas

Senior Manager

·        Responsible for oversight and delivery of professional audit and business advisory services, engagement administration, and management of 25 clients.

·        Lead targeting and marketing efforts for new client development.

·        Top sales producer in Austin office during 1995 and 1996.

·        Clients included engineering, manufacturing, technology, software development, financial services, and real estate companies.

·        Directly responsible for the supervision of fifteen professionals.

·        Assisted clients in the acquisition of in excess of 30 businesses while at KPMG.

·        As a public accountant, participated at the manager level in the preparation of a client IPO, and obtained substantial experience in SEC reporting and SEC rules and regulations.

January 1983- September 1985

Ernst & Whinney, Houston, Texas

Senior Accountant

Senior accountant in the audit services practice. 

Clients included American General, Coca Cola Foods, and various other businesses.

Education

University of Texas at Austin

BBA Accounting 1982

Certification

Certified Public Accountant

Member Texas Society of CPA’s