Experience

SMG Industries, Inc.

• United States
• Truck Transportation
• 1 - 100 Employee

• Corporate Controller

  • Mar 2021 - Sep 2021

  Houston, Texas, United States Due to going concern financial distress, CEO/CFO and Corporate Controller replaced. Reported to CEO/CFO of this $50MM sales public company (OTCQB) supplier of transportation services to the US logistics markets. Responsible for all accounting, consolidation (QuickBooks) and financial reporting functions. Direct reports consisted of an Assistant Controller, Accounting Manager, AR Supervisor, and AP Supervisor. 4 accounting indirect reports. - Implemented monthly general ledger and… Show more Due to going concern financial distress, CEO/CFO and Corporate Controller replaced. Reported to CEO/CFO of this $50MM sales public company (OTCQB) supplier of transportation services to the US logistics markets. Responsible for all accounting, consolidation (QuickBooks) and financial reporting functions. Direct reports consisted of an Assistant Controller, Accounting Manager, AR Supervisor, and AP Supervisor. 4 accounting indirect reports. - Implemented monthly general ledger and consolidation close process that reduced close from 25+ days to 15 days. - Provided public company quality monthly, quarterly, and annual financial statements: - Completed FY2020 Form 10-K and Q1 2021 and Q2 2021 10-Q filings on time. - Primarly liason with external audit auditors for planing and excecution of interim and year-end audits, ensuring compliance with GAAP, SOX, and internal policies and procedures. - Investigated complex accounting issues, including business combination (ASC 805) and ERTC. - Assisted CEO/CFO with cash management of this going concern financially distressed company: - Participated in daily calls to determine availability of cash and prioritize employee and supplier payments. - Prepared analysis used to successfully obtain $700K of investor funding. - Negotiated extended payment terms with 30+ with combined significantly past due balances of nearly $1MM. Payment terms ranged from 6 months to 2 years, with interest rates of 0% to 6%. Show less



Expanse Electrical Co.

• United States
• Oil and Gas
• 1 - 100 Employee

• Corporate Controller

  • Apr 2018 - Apr 2020

  Houston, Texas Area (Position eliminated due to the Q1 2020 precipitous drop in oil prices and COVID-19) Reported to the CFO of this $138MM sales private equity supplier of products and services to the US oil & gas industry (Permian and Bakken basins). Direct reports consisted of Accounting Supervisor, Project Accountant, Project Accountant, 3 AR Credit / Collections Staff, AP Supervisor, and Inventory Manager. 4 indirect accounting reports. - Implemented monthly general ledger closing process that… Show more (Position eliminated due to the Q1 2020 precipitous drop in oil prices and COVID-19) Reported to the CFO of this $138MM sales private equity supplier of products and services to the US oil & gas industry (Permian and Bakken basins). Direct reports consisted of Accounting Supervisor, Project Accountant, Project Accountant, 3 AR Credit / Collections Staff, AP Supervisor, and Inventory Manager. 4 indirect accounting reports. - Implemented monthly general ledger closing process that reduced close from 20+ days to 8 days. - Primary liaison with external auditors for planning and execution of interim and year-end audits, ensuring compliance with GAAP, SOX, and internal policies and procedures. - Completed 2019 audited financial statements on time, despite challenges of changing auditors (BDO to RSM) - Completed 2018 audited financial statements on time, despite challenges of Chapter 11 reorganization and adoption of ASC 852, Reorganizations, "Fresh Start Accounting". - Implemented 25 new accounting policies and procedures, including adoption of ASC 606, Revenue from Contracts with Customers, AR bad debt reserve, Inventory obsolescence reserve, disposal, and write-offs, and monthly general ledger close. Accounts Receivable - Created bi-weekly 151+ days Top 20 AR past due reviews with CEO, COO and CFO. Reduced 151+ days AR past due receivables from $7MM to $1MM via improved processes and and the bi-weekly reviews. - Created bi-weekly 91+ days AR past due reviews with branch management. - Reduced DSO from 180 days to 70 days as a result of the above. - Created goal setting, performance evaluation, and salary planning processes for accounting team. - Partnered with CEO, COO, CFO and branch management to maximize company financial performance. Show less



Tesco Corporation

• United States
• Oil and Gas
• 700 & Above Employee

• Assistant Corporate Controller

  • Mar 2016 - Dec 2017

  Houston, Texas Area (Position eliminated due to TESCO acquired by Nabors December 2017) Reported to Corporate Controller of this $150MM sales public company (NASDAQ) supplier of products and services to the oil and gas industry with over 60% international operations. Responsible for worldwide accounting, consolidation, and financial reporting. Direct reports consisted of 3 regional controllers and 1 SEC reporting analyst. 17 indirect accounting reports. - Supervised worldwide consolidation (Cognos) of… Show more (Position eliminated due to TESCO acquired by Nabors December 2017) Reported to Corporate Controller of this $150MM sales public company (NASDAQ) supplier of products and services to the oil and gas industry with over 60% international operations. Responsible for worldwide accounting, consolidation, and financial reporting. Direct reports consisted of 3 regional controllers and 1 SEC reporting analyst. 17 indirect accounting reports. - Supervised worldwide consolidation (Cognos) of monthly actual results for 25+ reporting units. - Oversaw preparation of annual and quarterly reports to shareholders and the SEC (10-K, 10-Q, 8-K), including financial statements, footnotes and MD&A. - Primary liaison with external auditors for planning and execution of interim and year-end audits, ensuring compliance with GAAP, SOX, SEC and internal policies and procedures. - Supervised preparation of quarterly finance results press releases and ensure consistency with SEC filings. - Researched, interpreted and resolved complex technical accounting and reporting issues. Major examples include ASC 360 Impairment of Long-Lived Assets, ASU 2015-11 Inventory (Lower of Cost or NRV) and ASU 2014-15 Going Concern. - Assisted with interpretation and implementation of ASC 606 Revenue from contracts with customers. - Worked with VP Finance to complete quarterly test for potential fixed asset impairments - Developed internal accounting policies and procedures and provide worldwide technical accounting support services. - Oversaw determination of worldwide income tax provision. Show less



Dresser, Inc.

• United States
• Oil and Gas
• 300 - 400 Employee

• Division Controller, US Services; Division Controller, Worldwide Infrastructure Services

  • 2009 - 2015

  Houston, Texas Reported to Division Presidents of these suppliers of products and services to the oil & gas industry. Indirect report to Corporate CFO. Directed all financial functions for these $350MM sales businesses including accounting, consolidation (HFM) FP&A, and working capital management. Direct reports consisted of 5 regional controllers and 1 FP&A Analyst. 25 indirect accounting reports. - Supervised consolidation (HFM) of monthly actual results and forecasts of 25 reporting units. -… Show more Reported to Division Presidents of these suppliers of products and services to the oil & gas industry. Indirect report to Corporate CFO. Directed all financial functions for these $350MM sales businesses including accounting, consolidation (HFM) FP&A, and working capital management. Direct reports consisted of 5 regional controllers and 1 FP&A Analyst. 25 indirect accounting reports. - Supervised consolidation (HFM) of monthly actual results and forecasts of 25 reporting units. - Primary liaison with external/internal auditors for planning and execution of interim and year-end audits, ensuring compliance with GAAP, SOX, SEC and internal policies and procedures. - Designed and implemented new financial analysis package for use by executives to evaluate operational performance. - Worked with Executive Management Team to develop and monitor performance of all worldwide financial targets. - Key member of Corporate Disclosure Committee responsible of review of SEC 10-K, 10-Q and Form S-1 filings. Show less



Emerson

• United States
• Industrial Machinery Manufacturing
• 700 & Above Employee

• Division Controller, Worldwide

  • Feb 2006 - Oct 2008

  Houston, Texas Reported to President of this financially underperforming $300MM+ sales manufacturer/supplier of measurement and control devices and services for the oil & gas industry with over 60% international operations. Indirect report to CFO process control segment. Directed all financial functions including accounting, consolidation, FP&A, working capital management, and information technology. Direct reports consisting of 5 world area controllers, 1 FP&A Director, 1 IT Director. 23 indirect… Show more Reported to President of this financially underperforming $300MM+ sales manufacturer/supplier of measurement and control devices and services for the oil & gas industry with over 60% international operations. Indirect report to CFO process control segment. Directed all financial functions including accounting, consolidation, FP&A, working capital management, and information technology. Direct reports consisting of 5 world area controllers, 1 FP&A Director, 1 IT Director. 23 indirect accounting reports and 10 indirect IT reports. - Supervised worldwide consolidation (HFM) of monthly actual financials and forecasts of 20+ US reporting units. - Primary liaison with internal auditors for planning and execution of interim and year-end audits, ensuring compliance with GAAP, SOX, SEC and internal policies and procedures. - Designed and implemented new financial analysis package for use by executives to evaluate operational performance. - Worked with Executive Management Team to develop and monitor performance of all worldwide financial targets. Division achieved record operating profit. - Assisted operations in developing new large project profitability measurement tools. - Initiated new project billing procedures, resulting in over $5MM accelerated cash flow and corresponding reduction in unbilled receivables. - Division achieved record operating profit margin and ROTC, both improving from negative % to 10%+ in three years.

• Division Controller, Worldwide

  • Aug 1998 - Jan 2006

  Austin, Texas Reported to Division President of this $400MM+ sales supplier of software systems and services to the process control industry with over 50% international operations. Indirect report to CFO Emerson Process Control business segment. Directed all financial functions including accounting, consolidation, FP&A, working capital management, and information technology. Direct reports consisted of 5 world area controllers, 2 FP&A analysts, and 1 IT Director. 27 indirect accounting reports and 15… Show more Reported to Division President of this $400MM+ sales supplier of software systems and services to the process control industry with over 50% international operations. Indirect report to CFO Emerson Process Control business segment. Directed all financial functions including accounting, consolidation, FP&A, working capital management, and information technology. Direct reports consisted of 5 world area controllers, 2 FP&A analysts, and 1 IT Director. 27 indirect accounting reports and 15 indirect IT reports. - Supervised consolidation (HFM) of monthly actual financials and forecasts of 25+ reporting units. - Oversaw percent complete revenue recognition recorded according to SOP 97-2, generating over 30% of division revenue. - Primary liaison with internal auditors for planning and execution of interim and year-end audits, ensuring compliance with GAAP, SOX, SEC and internal policies and procedures. - Excelled at staff development. 4 direct reports promoted to Emerson Division Controller positions - Worked with Executive Management Team to develop and monitor performance of all worldwide financial targets. - Directed financial activities for restructuring projects with $10MM costs, resulting in $25MM savings over 5 years. - Co-led with VP of Operations divestiture of a 300 employee, $10MM sales manufacturing plant, generating proceeds of $7MM and $20MM operating cost reductions over 5 years. - Led divestiture of owned division headquarters facility and supervised relocation to new leased facility, generating proceeds of $11MM and annual facility overhead cost reductions of $1MM. - Division operating profit margin increased nearly 6 points and $60MM over 5 years.

• Division Assistant Controller

  • Nov 1996 - Jul 1998

  Mansfield, Ohio Reported to Division Controller of this $300MM+ sales manufacturer of appliance controls. Direct reports 2 accountants and 1 FP&A analyst. - Supervised worldwide consolidation (HFM) of monthly actual financials and forecasts of 5 reporting units. Ensured compliance with GAAP and internal policies. - Directed all worldwide FP&A activities. Prepared/analyzed extensive HFM reports of actual results compared to forecasts.



Emerson, Corporate Headquarters

• Senior Financial Analyst

  • Jan 1995 - Oct 1996

  St. Louis, Missouri - FP&A analyst for Corporate Vice President Financial Planning and Corporate CFO. - Performed extensive analysis of consolidated and divisional results and forecasts of 50+ reporting units.

• Manager of External Reporting

  • Jul 1992 - Dec 1994

  St. Louis, Missouri - Reported to Director of External Reporting. Oversaw preparation of annual and quarterly reporting to shareholders and the SEC (10-K, 10-Q, 8-K), including financial statements, footnotes, and MD&A. Supervised 2 SEC reporting analysts.. - Ensured compliance of external reports with GAAP and SEC rules and regulations.



PwC

• Professional Services
• 700 & Above Employee

• Audit Services Manager (1991-1992), Senior (1988-1990), Staff (1985-1987)

  • Jun 1985 - Jun 1992

  Chicago Illinois - Planned and executed financial statement audits for primarily SEC companies. Supervised up to 4 staff accountants. - Developed extensive knowledge of GAAP and SEC rules and regulations. Researched/resolved technical accounting and financial reporting issues.