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Jim McDonald is a seasoned financial professional with over 40 years of experience in financial management, accounting, and corporate finance. He has held various leadership positions at Motorola, including Director of Accounting, Global Financial Shared Services, and Controller of research and manufacturing facility. McDonald has a strong educational background, holding an MBA from Arizona State University and a BS in Industrial Administration/Accounting from Iowa State University. He is certified as a Certified Public Accountant (CPA) by the state of Illinois.

Credentials

  • Certified Public Accountant
    Illinois

Experience

    • Volunteer Tax Preparer
      • Jan 2012 - Present
      • Crystal Lake, IL
    • Director of Accounting, Global Financial Shared Services
      • 2008 - 2009

      Schaumburg, ILManaged a staff of 14 responsible for Oracle general ledger, worldwide consolidations, Hyperion financial reporting, and accounting for payroll and accounts payable, ensuring integrity of financial statements.• Reduced costs by eliminating overtime during month-end accounting closings by streamlining procedures.• Simplified payroll accounting and account reconciliations, improving Sarbanes-Oxley compliance.

    • Controller, Motorola Labs
      • 2005 - 2008

      Schaumburg, ILProvided financial leadership to management of $170M corporate research organization. Responsible for financial planning and analysis, financial reporting, and internal controls, government contract compliance, ethics compliance, and records management.• Consistently achieved favorable budget performance by strategically controlling costs.• Represented Technology Finance at the Accounting Policy Council, which reviews proposed accounting policies for the company.

    • Site Controller, Motorola Labs
      • 1999 - 2005

      Tempe, AZController of research and manufacturing facility of 300 employees. Managed monthly closings, financial reporting and analysis, purchasing, receiving and shipping.• Improved asset management by recommending facility consolidation, generating $25M cash flow.• Implemented Oracle ERP suite with cross-functional team to automate processes from manufacturing to financial reporting with Hyperion.• Provided financial support to relocate 60 employees in manufacturing and research from New Mexico to Arizona at a cost of $10M with no manufacturing interruption.• Served as Controller of the start-up wireless broadband business prior to its transfer to a product group.

    • Senior Accounting Manager, Component Products Group
      • 1998 - 1999

      Schaumburg, ILManaged monthly closings, including international consolidations, financial reporting, reserve reviews, and fixed assets of a $500M business unit.• Managed a $2B worldwide restructuring reserve complying with corporate accounting requirements.• Assisted with sale of business, coordinating an external audit, and negotiating transition services agreements with the buyer.

    • Division Controller, Component Products Group
      • 1995 - 1998

      Albuquerque, NMDivision controller of $250M multinational electronic component manufacturing business. Managed financial planning and analysis, internal controls, cost accounting and analysis, consolidations, and reporting.• Finance representative on team that developed plan to improve profitability of business by consolidating operations in low-cost sites.• Accelerated monthly closing by reducing cycle time from four days to two days.

    • Subsidiary Controller, Motorola New Enterprises
      • 1985 - 1995

      Phoenix, AZController of Emtek Healthcare Systems, a medical software developer, an online information service, and a semiconductor equipment manufacturer.

    • Manager of Consolidations and Reporting, Fixed Asset Accounting, and Financia...
      • 1981 - 1985

      Phoenix, AZ

    • Assistant Plant Controller
      • 1978 - 1980

      Phoenix, AZManaged accounting and inventory control departments at manufacturing and distribution facility with sales of $250M. Responsibilities included process cost accounting, internal controls, management reporting, payroll, and leading annual physical inventories.

    • Cost Accountant, Government Contracts Accountant, Fixed Assets Accountant
      • 1972 - 1978

      Phoenix, AZ

    • Staff Accountant
      • 1970 - 1972

      Chicago, IL

Education

  • Arizona State University, W. P. Carey School of Business
  • Iowa State University - College of Business

Suggested Services

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Industry Focus. “Accounting and Auditing”

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