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Work experience

2010Present

Controller

Rhein Medical

Top finance person at a $10M medical device company.  Led the financial planning and accounting functions.  Prepared forecasts, managed monthly close and cash management.

  • Improved year-end physical inventory by $160k by implementing weekly cycle counts.
  • Implemented weekly cycle counts by categorizing inventory using ABC analysis resulting in 99% inventory accuracy.
  • Reduced benefit expense $30k by raising deductibles and combining with a supplemental health option plan
  • Improved DSO 40% in less than one year.
  • Implemented F-9 financial reporting software into Sage ERP and reduced close cycle by 3 days
  • Automated budgeting/forecasting into Sage ERP.
20092010

Zone Merchandise Supervisor - Hardlines

Wal-Mart

Assist in driving financial goals of inventory management, replenishment and merchandising of      4 departments totaling $10M.   

  • Promoted 3 times in one year.
  • Successfully drove the achievement of the company’s financial goals by increasing sales over 10 percent in each department without any shrinkage in the yearly Inventory process.
  • Placed merchandise orders to sustain inventory levels at 99% in-stock for customers.
  • Monitored employee performance, training, visual presentation, operations, inventory control, back stock, and competitive market activities.
20102010

Adjunct Professor

Everest University

Part-time adjunct professor approved to teach finance, accounting and business management undergraduate courses. I have taught Financial Planning, Ethics, and Risk Management. 

20032009

Controller

Wise Up

Handled all accounting duties including billing, collections, payables and preparation of financial statements.  Primary contact for customers, vendors and banks.  Responsible for documentation of employee hiring/termination following local rules and regulations.

  • Successfully started two small businesses that grew 10 times in the first year and an additional 200% in each of the following 2 years.
  • Recognized as a top 10 performer based on collections greater than 98%. 
  • Implemented Enterprise Resource Planning (ERP) software.
20012001

Division Controller - Latin America

Led the financial planning and accounting functions of $200M business unit.  Prepared monthly forecasts, managed monthly close and cash management of six sites. 

  • Re-engineered importation process by implementing a bonded warehouse in Brazil resulting in $4.0/year savings and a $6.0/year reduction of cash payments.
  • Successfully met cash objective target each quarter resulting in a 30% decrease of DSO.
  • Implemented Oracle Enterprise Management into region which reduced close cycle by 30%.
20002001

Region Operations Controller - Latin America

Led the financial planning and accounting functions of $50m business unit at three sites including monthly forecasts, monthly close and cash management.  Responsible for coordination of financial planning for $200M region. 

  • Recommended and implemented $1.7M capital repair in Venezuela by analyzing local tax, statutory and legal requirements which allowed local office to participate successfully in government bids.
  • Implemented ESSBASE forecasting model into the region by training staff in 5 countries.
19972000

Latin America Controller

Responsible for $50M business unit comprised of seven sites and 10 distributors including preparing annual operating, capital, and headcount budgets.  Performed quarterly closing and prepared financial results at international sites. 

  • Proactively reinforced and resolved revenue recognition issues with sales force that resulted in a 40% improvement in DSO.
  • Directed successful $2.5M financial restructuring and downsizing of operations in 7 countries resulting in complete shut-down, asset write-offs, liquidation of legal entities and transition of 115 people.
  • Successfully outsourced entire service operation resulting in annual savings of $500k.  Managed business evaluation and recommendation for outsourced contract including interaction with in-house and outside legal counsel and external auditors.

19971997

Country Controller - Canada

Responsible for planning and controlling all finance accounting activities for $30M business unit.   

  • Completed a thorough balance sheet review by establishing monthly reconciliation with documentation resulting in no significant observations during annual internal audit.
  • Established a quarterly commission accrual analysis and procedure which resulted in identifying a $300k overfunded commission accrual.
19951997

Senior Finance Manager - America Sales & Service

Responsible for financial support of $625M business unit with operating expenses totaling $100M annually which included preparing budget/forecast/actual for P&L, headcount and capital additions using Hyperion Enterprise.

  • Managed close process of $100M operating expense requiring balance sheet and P&L analysis to record appropriate entries.
  • Provided weekly decision support information to senior management including weekly summary of revenue, cogs, margin, and headcount by division.
19931995

Senior Financial Analyst

Responsible for analysis of all revenue business units.  Assisted in preparation of the Board of Director’s package by preparing all revenue-related schedules with commentaries.

19891993

Audit Manager - Worldwide Audit Department

Supervised 40 annual audits of domestic and international sales, manufacturing, field engineering and corporate operations.  Prepared written and oral presentations of significant observations to all levels of management including CEO and Board of Directors.

  • Participated and coordinated interim/year-end work for public auditors resulting in $200k savings over a two year period.
  • Generated actual savings/recoveries through audits totaling $1.5M - $2.0M annually.

Education

MBA

Northeastern University - Graduate School of Business Administration

Northeastern University, founded in 1898, is a private research university located in the heart of Boston. Northeastern is a leader in interdisciplinary research, urban engagement, and the integration of classroom learning with real-world experience. Northeastern's signature cooperative education program, one of the largest and most innovative in the world, is ranked among the best in the nation by U.S. News & World Report.

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Testimonials

- Michael Giannetto, CFO, VistaPrint

“I have worked with David while he was in a variety of roles: Internal Audit, Financial planning and analysis and divisional controllership. David is a smart, hard working individual with strong interpersonal skills and a professional but approachable demeanor. He has good technical accounting skills and has a strong analytical approach. He is the type of professional that will put forth the required effort to get relevant results and meet business goals.”                 

- John Brohel, EVP Finance,

Cadmus Communications

“David is a highly analytical finance professional who stresses sound financial controls and partnering with operations leaders to achieve results. Of all the experience I gained early in my career, it was the time I spent working for David and the lessons learned during that time that has benefited me the most as my career has progressed. I'm greatly appreciative today of how David stressed to me the importance of researching and making fact based arguments and decisions. He was always willing to not only teach, but more importantly delegate and support my growth as a manager. I knew I could make the occasional mistake while working for David and he would use it as teaching opportunity. His only rule was to not make the same mistake twice. I feel fortunate to have been part of his team and I'll always appreciate the confidence and financial skill set he imparted to me.”

- Peter Guggi, Partner,

Ventrada Corporate Finance

“I had the opportunity to work with David on a number of projects related to EMC’s operations in Latin America, in particular at quarter-end when a host of issues involving numerous stakeholders across time zones and business cultures needed to be solved within tight deadlines. No matter whether we tried to get our head around the compliance of SEC guidelines in the Andean region or fought together with the team in Brazil to push that last shipment from Ireland through customs (and it was David`s role to explain all that to Corporate finance management) he always displayed diplomacy, great attention to detail and a pronounced ability to get the job done.” 

- Osman Khan, Country Manager, EMC Pakistan

“I came into the Data General Audit department subsequent to David. David was responsible for maintaining and growing an audit function that was mature yet dynamic, had people from diverse backgrounds and was capable of generating a large number of high quality audit reports that identified a number of key weaknesses and ensured the company took effective timely action. In the end it was that same pro-activeness that lead to him being appointed Finance Director of one of those regions where I dealt with him. Again I found him to be open and transparent - a true business partner in every sense of the word. He completely transformed the region!” - Bob Dudley, Partner, Venture Advisors

"David was an outstanding Controller. He has excellent technical and analytical skills along with street-smart business savvy.”

Summary

Accomplished CPA who has 10 years of progressively responsible Finance management experience across manufacturing, hardware, software, service and education industries.  International expertise successfully opening two small businesses in Brazil.  Advanced problem solver who understands and resolves the challenges facing any size organization.

Areas of Expertise

  • Diverse industry experience including retail, education, manufacturing and service.
  • Latin America                                            
  • Internal Audit                   
  • Process re-engineering
  • ERP Implementation                             
  • Fluent in Portuguese