CMA Dishmachines
CFO/Controller – Cerritos, CA (02/20-01/25) – Position consolidated to Chicago Corporate
Charged with providing the financial and strategic guidance to the President. Reporting timely and accurate financial information for operational decision-making. Managing and mentoring Finance personnel while avoiding financial risks and ensuring regulatory compliance.
· Successfully navigated, directed and implemented the necessary operational and financial measures resulting in continued profitability with a 21% drop in sales during Covid-19 pandemic after first week of employment (FY20).
· Lead the post-Covid operational recovery resulting in the following year-over-year increased Operating Profit results; FY21-5.7%, FY22-13.5%, FY23-23.9%, FY24-21.89%.
· Created FY21-24 budgets of $48M-$68M in Revenue with 25%-28% Operating Profit within a 0.5% variance.
· Streamlined the closing process accelerating monthly closing from 10 days to 3 days.
· FY20-24 resulted in $30M or 81% top-line sales growth while headcount remained flat.
· Provide all monthly and annual reporting, dashboards, management reports and variance analysis within tight timelines.
Zimmer MedizinSystems, Corp
CFO – Irvine, CA (04/15-10/19)
Charged daily with managing the following: finance management and cash flow, inventory planning, forecasting and inventory control, cost control with variance analysis, IT, HR, Payroll, A/R, A/P, FDA & regulatory compliance, website development and PPC analysis, KPI’s and all financial reports. Developed and calculated revenue recognition for deferred revenue and commissions.
· Evaluated, streamlined and implemented operational changes supporting over 17% top-line growth in Sales, while improving margins from 42% to 52.5% since Apr’15. Total OPEX decreased 7.5%, facilitating an overall Net Income swing of 961% increase in Net Income without Operational headcount additions.
· Discovered a calculation error of the ACA Medical Device tax (2.3%) starting from the inception of the tax in January 2012, which resulted in overpayment for 30 quarters (Q1-2013 – Q2-2015). After clearing 4 in-person IRS audit visits, a refund check was received for $83K in Feb’16.
· Identified and implemented cost reductions within first 3 months as CFO–
o Reduced Merchant CC fees by 28% from 4% down to 2.9% ($180K savings)
o Negotiated shipping discount rate from 8% to 22% ($205K savings)
· Discovered and corrected $313K of incorrect accounting entries from 2014-15.
· Reduced total inventory by over 30% by improving the production planning, forecasting and import process.
· Successfully completed a full IRS Audit for 2014, 2015 & 2016, resulting in $0 changes, no penalty or fees.
· Successfully planned and managed the Corporate Office relocation from a 5,500 sq ft building to a 11,700 sq ft building with zero business interruption, requiring less than 1.5 days total.
Bird-B-Gone, Inc. / JB Plastics, Inc. / Absolute Bird Control, Inc.
Controller – Irvine, CA (04/12 – 04/15)
· Solely developed a plan to restructure the entire labor force at JB Plastics which reduced workers compensation insurance from $6K/week down to $2K/week, saving over $200K/year and preventing the closure of the facility due to losing workers compensation insurance coverage and ballooning experience rating from unresolved past claims.
· Streamlined the monthly closing process from 20 days to 10 days in less than 4 months for all 3 businesses.
· Reduced monthly banking and credit card fees by 20% as a result of changing Merchant Credit Card Authorization companies (approx. $25k annual savings)
joimax, Inc. (subsidiary of joimax, GmbH)
Director of Operations & Controller – Irvine, CA (11/10 – 01/12)
Directed all aspects of operations and control for departments including Finance, Customer Service, Inventory/Distribution, Marketing, IT, Quality Control, HR and FDA compliance.
· Discovered over $700K of missing inventory and recovered $500K in less than 6 months.
· Developed month-end closing process that was completed on-time, every time in 1.5 days.
· Managed the organizations first FDA and external CPA compliance audit, noting no material findings or adjustments.
Independent Financial Consultant – Irvine, CA (3/10 – 11/10)
Complex account reconciliations, managing product mix, audit preparation, mergers and acquisition due diligence, workflow analysis, accelerating closing cycles and timelines, dashboard/KPI presentations, year-end audit preparation.
Tatum, LLC – Irvine, CA
Controller (05/07 – 03/10)
Tatum is the largest executive services and consulting firm in the United States. Engagements included:
Gordian Medical / American Medical Technologies: Interim Controller and Accounts Receivable/Appeals Manager (02/08 – 03/10)
· Developed and maintained first set of Dashboards, KPI’s key financial reports (50+) and metrics dashboards (6) for owners and management team of which strategic business decisions are made daily.
· Managed group of 18 in Cash and A/R group with over $7.5mm in revenue and 35,000 entries per month.
· Discovered un-reconciled and un-posted receivables of $865k and developed plan to recover and post.
· Developed first A/R reserve on $30mm in receivables for first year audit for all sources of revenue.
Squar Milner CPA Firm: Firm Controller & Corporate Diligence Services (05/07 – 02/08)
· Performed monthly closing and due diligence work for PEG acquisition valuation.
Pentair Water Pool and Spa, Inc.
Controller – National Pool Tile, Inc. (NPT) (06/05 – 05/07) – Anaheim, CA
· Discovered and corrected inventory problem eliminating $125K/month in inventory losses.
· Delivered on time consolidated P&L, Trial Balance and Statement of Cash Flow for 15 branch locations.
· Implemented, reviewed and monitored internal controls for both Internal/External audit for compliance with Sarbanes-Oxley and segregation of duties.
· Participated in special projects including l mergers and acquisitions (M&A) as Team Lead for NPT Finance and Pentair Finance Leadership Team.
Manager – Sarbanes-Oxley & Accounts Payable (06/04 – 06/05) – Sanford, NC
· Successfully completed company-wide Sarbanes-Oxley implementation, documentation, compliance and reporting for Pentair Water Pool and Spa (Pool Group $625MM Revenue for ’05) in less than 6 months.
· Promoted to Controller of National Pool Tile, Inc. after successfully completing company-wide SOX compliance.
Advanced Sterilization Products (ASP), a Johnson & Johnson, Inc. Company – Irvine, CA
Senior Financial Analyst (02/03 – 06/04)
Advanced Sterilization Products is a subsidiary of Johnson & Johnson.
· Finance Team Lead, in-charge of SOX implementation in compliance with J&J Corporate Finance.
· Maintained Affiliate relationships, where intelligence was gathered and utilized in preparing and providing full year revenue forecasts, which drove ASP’s business model (approximately $42M for ’04).
· Prepared and presented Worldwide Dashboard on a monthly basis to CFO, and Management Board.
Paragon Biomedical, Inc. – Irvine, CA
Project Analyst (12/00 – 02/03)
· Project Analyst in-charge of maintaining full cost/project analysis information on 17 Sponsors projects.
· Proactively monitored unit/milestone/managed budgets by utilizing communication and information from Project Directors, Project Managers, and internal/ external Clinical Research Associates.
Syndicated Office Systems – Santa Ana, CA
Senior Accountant (10/99 – 06/00)
· Reviewed staff journal entries, bank reconciliations, GL reconciliations, and prepared closing financials.
· Created and maintained annual budget, which consisted of a consolidation of 47 branches and six divisions.
Ernst & Young, LLP – Newport Beach, CA
Auditor (10/97 – 10/99)
· Planned and supervised audits and accounting engagements including the preparation of engagement budgets, the scheduling of staff, and the preliminary evaluation of clients’ significant accounting systems.
· Assisted in the preparation of financial statements, related footnote disclosures and special reports to be filed with the SEC registration.
EDUCATION AND ACHIEVMENTS
Master’s Degree – Business Administration
University of Phoenix, South Coast Campus, December 2007
Bachelor’s Degree – Business Administration, Accounting
California State University, Long Beach, May 1997
Directors Award, Pentair, Inc. – Successful SOX Remediation – Pool & Spa Group $1.5 MM
– Successful remediation for entire group (6 divisions) in less than 6 months
President Beta Alpha Psi – Gamma Omega Chapter (Honors Fraternity for Accountants) – Spring 1996
Director and Advisor of CSULB Accounting Society – 6 Semesters (Fall ’94 – Spring ’97)
To contact this candidate email teambyu5@hotmail.com