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Nancy Tufts Smith is a seasoned finance professional with extensive experience in managerial finance, accounting, and strategic planning. She has worked in various roles, including Financial Representative, Plant Controller, Finance Manager, and Director Finance & Accounting. Nancy holds a Master of Science in Accounting and a Bachelor of Arts in Psychology from the University of Wisconsin-Whitewater and Covenant College, respectively.

Experience

  • Northwestern Mutual Financial Services
    • Western TN, Northern MS, Western Ky
    • Financial Representative
      • Sep 2013 - Present
      • Western TN, Northern MS, Western Ky

      I work with people who are interested in creating financial security for themselves and the people they care about.

  • Delta Faucet Company
    • Jackson, Tennessee Area
    • Plant Controller / Finance Manager
      • Dec 2006 - Nov 2012
      • Jackson, Tennessee Area

      •Improve overhead studies and standard costs•Assist continuous improvement projects – A3, kaizen projects, six sigma•Consult on and develop cost reduction projects•Improve inventory integrity and accuracy and lead cycle counters•Ensure SOX and GAAP compliance with both internal and external auditors•Manage Payroll and Kronos and transitions of both to other functions•Ensure financial integrity and profitability of the flagship plant through a challenging economy and transfer of business from other plants and warehouses•Prepare budgets and forecasts and manage against them•Analyze and develop financial reporting and presentations for plant and corporate management•Manage month end close and capital plan

  • Maytag, Division of Whirlpool
    • Jackson, Tennessee Area
    • Finance Manager
      • Oct 2004 - Dec 2006
      • Jackson, Tennessee Area

      • Work with LeanSigma cost savings teams• Improve internal controls to ensure SOX compliance• Develop plant’s annual business and capital plans• Manage plant’s operating results and forecasts; reconcile ledger• Handle Research & Development Division’s finances including NPD costs

    • Controller
      • Oct 1998 - Sep 2004
      • Humboldt, TN

      • Create activity based overhead rates and conversion cost statements by product line• Participate in 5S, Lean, and TPM projects• Improve internal controls; developed SOX controls; prepare reconciliations• Implement Accounting portion of new integrated system – Fourth Shift• Prepare forecasts and ensure compliance through working closely with managers• Prepare and presented 5 year and annual financial plans• Manage plant Information Systems and Record Retention• Keep Accounting & IS functions working during plant downsizing – took over hourly & salaried payroll, asset management, & other jobs – willing to do what it takes

  • MTD Products
    • Brownsville, TN and Tupelo, MS
    • Director Finance & Accounting (Brownsville) Controller (Tupelo)
      • Mar 1995 - Oct 1998
      • Brownsville, TN and Tupelo, MS

      •Weekly value of production vs conversion costs reports & forecasts for supervisors’ bonus•Teach managers to develop & control expense & manpower budgets•Train and develop several inexperienced Accounting team members•Develop internal controls and standard costs•Coordinate physical inventory and reconcile to ledger•Leader for Shop Floor Data Collection System implementation •Prepare office payroll•Justify capital projects with Engineering and Maintenance•Close month and prepare financial and trend reports and analyses•Prepared General Manger’s presentations for Corporate and special analyses for Group VP

    • Manager Cost and Budget
      • Mar 1993 - Feb 1995
      • Calvert City, KY

      •Revamped plant inventory and MRP controls and reporting for operations•Automated and integrated Cost Accounting systems with MRP to improve efficiency and accuracy•Developed standard costs for continuous and batch process chemicals

    • Cost Accounting Manager (started as Sr. Cost Accountant)
      • Jul 1989 - Mar 1993
      • Mayfield, KY

      •Establish ABC style overhead rates •Project leader for multi-disciplinary team to design an automated data collection system for the factory floor•Direct annual physical inventory and reconciliation•Approve capital requests and oversee fixed asset records•Develop Operations budgets and monthly forecasts

  • Kohler Co.
    • Kohler, WI and Cornwall, Ontario, Canada
    • Accounting Supervisor
      • Feb 1984 - Jul 1989
      • Kohler, WI and Cornwall, Ontario, Canada

      Accounting Supervisor Plumbing, Kohler Ltd. July 1988 – July 1989•Managed Materials function and improved inventory tracking systems•Simplified standard cost accounting through process analysis – similar to A3 model•Corrected cost of sales and usage reporting; revamped internal controls•Reconcile balance sheet back 3 years to plant start up•Integrate with Canadian and world headquarters•Coordinate external auditor reviews•Supervise Accounts Payable, Accounts Receivable, and PayrollSenior Financial Analyst Hospitality Division April 1988 – July 1988•Managed all financial functions for The American Club (resort)Accounting Analyst Technical Services Group Feb 1984 – Mar 1988•Managed financial plan for $120 million division, including manpower plan and strategic plan integration•On teams to develop and implement computer based management systems for Maintenance, Traffic, MIS, and new GL

  • State of Wisconsin Dept of Revenue
    • Madison, Wisconsin Area
    • Tax Auditor
      • Jun 1983 - Feb 1984
      • Madison, Wisconsin Area

      audit personal and business tax returns

Education

  • 1982 - 1983
    University of Wisconsin-Whitewater
    Masters of Science - Accounting, Accounting
  • 1975 - 1977
    Covenant College
    Bachelor of Arts (B.A.), Psychology

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Accounting and Auditing”

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