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| Desired Industry: Manufacturing |
SpiderID: 14138 |
| Desired Job Location: Yorba Linda, California |
Date Posted: 7/23/2007 |
| Type of Position: Full-Time Permanent |
Availability Date: 8/15/07 |
| Desired Wage: 180,000 |
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U.S. Work Authorization: Yes |
| Job Level: Executive (President, VP, CEO) |
Willing to Travel: Yes, Less Than 25% |
| Highest Degree Attained: Masters |
Willing to Relocate: Yes |
Objective:
Business-minded and analytical financial leader with the ability to think strategically and contribute to the development and execution of company-wide financial policies and procedures. Able to see the business drivers behind the numbers, build practical and functional reports useful for decision-support, and provide insightful analysis that is meaningful to operations executives. Acts as the “financial conscience” of the executive management team.
Experience:
EMRISE CORPORATION (NYSE Arca:ERI), Rancho Cucamonga, CA – 1999 to 2007
Manufacturer of telecommunications equipment and electronic components with annual sales of $46M.
Senior Vice President, Chief Financial Officer and Corporate Secretary
Responsible for formulating and leading overall financial plans and activities, including: business planning, accounting, budget planning and expense control, forecasting, risk management, MIS, taxation, human resources, investor and banking relations, SEC reporting (10K, 10Q, 8K, S1, S3), as well as legal affairs. Manage five direct and four indirect reports. Emphasis on directing international accounting issues, including currency conversions, consolidations of international subsidiaries, as well as overseeing three foreign subsidiaries’ finance operations.
Optimized existing systems; improved internal controls and operational procedures; and brought the financial picture into sharper focus via enhanced management reporting.
• Reorganized accounting department and realigned staff, replacing non-performers with new talent. Increased responsiveness to divisional needs while reducing annual costs $300,000.
• Built a performance-driven team environment and maintained harmonious employee/employer relations. Fostered a proactive, rather than reactive orientation in the financial area.
• Led selection and implementation of an ERP system for domestic systems conversion to a complete enterprise management infrastructure.
• Developed and implemented a comprehensive financial system, internal controls, accounting processes and protocols to ensure compliance with all Sarbanes-Oxley mandated policies.
• Participated in sophisticated transactions including multiple acquisitions and a divestiture.
• Served as the company’s financial spokesperson with the Board, the investment community, outside auditors, banks, law firms, and various regulatory agencies requesting financial information.
Applied financial planning and analysis to a broad range of business problems to formulate creative solutions, and ensure the company is in full compliance with all regulatory requirements.
• Negotiated favorable settlement with IRS audit by keeping over $5 million in NOL carryovers.
• Replaced costly auditing firm, resulting in a more responsive relationship in the US, England and France as well as annualized cost saving of approximately $65,000.
• Completed several annual audit cycles without any significant audit adjustments and initial audit cycle with no excess billing hours.
• Assessed and replaced current law firm to improve corporate professionalism and expertise.
• Enhanced the handling of bank and deposit relationships and initiated appropriate strategies to improve cash position.
Randolph D. Foote Page 2
UNIT INSTRUMENTS, INC. (acquired by US Filter Corporation, Yorba Linda, California – 1995 to 1999
$52 million worldwide manufacturer of products used in semiconductor wafer manufacturing process.
Corporate Controller
Critical leadership role in the financial organization responsible for maintaining a robust control environment, including producing all financial statement filings with the SEC to ensure the financial integrity of the company. Managed one direct and four indirect reports within accounts payable, accounts receivable, payroll, and interfaced with Cost Accountant. Held advisory responsibility for three international subsidiaries.
Ensured that resources, direction and internal controls and financial processes existed to achieve timely and accurate reporting of all financial matters to internal and external audiences.
• Worked closely with CFO and Accounting Manager, coordinating and preparing budgets; participated in developing a strategy to renovate and refine the company’s reporting and analysis environment.
• Functioned as Task Leader for successful implementation of company-wide accounting, manufacturing and marketing ERP system; ensured schedules were met, coding completed on time and within budget.
• Installed new fixed asset accounting system, delivering $200,000 in tax depreciation savings.
Served as a key financial leader on cross-divisional and cross-departmental initiatives aimed at solving large scale, complex issues and improving the operating environment of the Company.
• Maintained and refined the risk management strategy by continually evaluating, analyzing and quantifying the risks that could have an impact on the business.
• Played instrumental role in the integrated merger of $80 million parent company into corporate entity, including all tax and financial functions and discontinued operations analysis for domestic and foreign offices; delivered solutions to complicated foreign tax and accounting issues.
• Negotiated favorably with the IRS in the allocation of selling price among foreign and US assets as well as utilization of foreign tax credits resulting in savings of approximately $500,000.
• Performed due diligence for acquisition of $11 million manufacturing company with facilities in New Mexico and Arizona; determined accounting policies of acquiring company and researched tax issues. Later, led liquidation of subsidiary facility and distribution of assets as a result of market decline.
• Negotiated property tax reduction of 30%, from $120,000 to $85,000.
OPTICAL RADIATION CORPORATION, subsidiary of Benson Eye Care Corp., Azusa, CA – 1985 to 1995
$300 million manufacturer of high tech optical products.
Director of Tax and Finance
Oversaw all tax and finance functions of 20 subsidiaries (following acquisition by Benson Eye Care Corp. in 1993), including preparation of 100+ multi-state income tax and consolidated returns. Worked closely with the executive management team of each operating subsidiary. Provided guidance to accounting managers relating to tax and GAAP. Coordinated federal and state audits and negotiated settlements. Analyzed financial impact of completed and planned mergers and acquisitions. Led conversion of Optical Radiation’s financial reporting system to the Benson Eyecare system.
Created and implemented the overall taxation structure, policies and strategies during growth of the company from a single entity into a multi-location nationwide enterprise.
• Delivered substantial cost savings through planning, implementation and execution of effective tax strategies, including: (i.) $2-$5 million annually in the Puerto Rican facility, (ii.) $200,000 in state income taxes, (iii.) $200,000 in a Florida income tax audit.
Earlier Career: Tax Manager, Cubic Corporation, San Diego, CA (1984-1985)
Corporate Tax Manager, Western Gear Corporation, Lynwood, CA (1976-1984)
Education:
MBA, Golden Gate University, Los Angeles, CA
BS, Business Administration, California Polytechnic University, Pomona, CA
Affiliations:
Member, Tax Executives Institute
Member, Institute of Certified Management Accountants
Additional Information:
Passed all parts of the California CPA examination
Candidate Contact Information:
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