William P. Long, CPA
Vice President of Finance at Sussex Wire, Inc.- Claim this Profile
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Bio
Experience
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Sussex Wire, Inc.
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United States
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Industrial Machinery Manufacturing
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1 - 100 Employee
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Vice President of Finance
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Dec 2017 - Aug 2020
Easton, PA Responsible for the Accounting and Administrative functions for Sussex Wire, Inc. and Sussex Wire Holdings, including Financial Reporting, Financial Planning and Treasury Management.
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Accounting and Financial Professional
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2017 - 2017
Greater Philadelphia Area Strategic and Business Planning ERP Implementations Business Process Reengineering Revenue Recognition - Accounting Standards Update (ASU) 2014-09 Leases - Accounting Standards Update (ASU) 2016-02
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Fraser Optics LLC
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United States
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Manufacturing
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1 - 100 Employee
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Chief Financial Officer
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2004 - 2016
Warminster, PA Provided leadership for the Financial Reporting, Financial Planning, Treasury Management, Human Resource and IT functions for this $10 million, Private Equity backed manufacturer of high-tech electro-optical instruments used in military, homeland security, foreign governmental agencies and high-end recreational markets. Member of the Executive Team; Secretary and Treasurer of the Company. • Restructured credit line and long-term debt increasing available funds to support operations.… Show more Provided leadership for the Financial Reporting, Financial Planning, Treasury Management, Human Resource and IT functions for this $10 million, Private Equity backed manufacturer of high-tech electro-optical instruments used in military, homeland security, foreign governmental agencies and high-end recreational markets. Member of the Executive Team; Secretary and Treasurer of the Company. • Restructured credit line and long-term debt increasing available funds to support operations. • Reduced healthcare costs by 14% redesigning the plan concurrent with creating a MERP. • Implemented cost accounting, treasury management and financial planning functions. • Designed and implemented a safe-harbor 401(k) plan. • Implemented a COSO integrated framework for managing internal controls. Show less
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Corporate Controller
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2003 - 2004
Lancaster, PA Responsibilities included the Financial Reporting, Finance, Business Planning, Accounts Payable and Payroll functions for this $50 million multi-national manufacturer of vehicle instruments and control systems with subsidiaries located in Mexico and Spain. The accounting organization was comprised of ten individuals.
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Chief Financial Officer
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1997 - 2002
Bristol, PA Directed the Financial, Accounting, Customer Service and Information Systems functions for a $40 million privately owned international manufacturer of coated and laminated films. Responsible for financial and managerial reporting, audit, annual business plans, budgets, financial analysis, strategic plans, federal and state taxes, statutory reporting, risk and treasury management, information systems and organizational development. • Completed a business turn-around that included cost… Show more Directed the Financial, Accounting, Customer Service and Information Systems functions for a $40 million privately owned international manufacturer of coated and laminated films. Responsible for financial and managerial reporting, audit, annual business plans, budgets, financial analysis, strategic plans, federal and state taxes, statutory reporting, risk and treasury management, information systems and organizational development. • Completed a business turn-around that included cost reductions and restructuring. Re-entered a previously exited market based on manufacturing utilization and marginal costing analysis and achieved market penetration with several new products. A major emphasis was placed on improving the working capital cycle, with a strong focus on inventory management. • Re-energized a stalled ERP system implementation. The software is utilized at all three manufacturing locations and by the Marketing and Sales, Distribution, Technical and Finance organizations. Developed training programs for key system users in order to enhance cross-functional knowledge in preparation for the migration to the new system and business processes. • Negotiated and restructured the Company’s debt. Show less
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Terumo Medical Corporation
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United States
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Medical Equipment Manufacturing
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700 & Above Employee
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Chief Financial Officer
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1991 - 1997
Somerset, NJ Directed the Financial, Accounting, Administration, Facilities Management, Internal Audit and Information Technology functions for the North and South American manufacturing and distribution operations of a $1.4 billion foreign-owned, publicly traded, international medical products company. Directed the preparation of annual budgets and strategic business plans. Member of the Executive Committee. A $1.6 million budget and a staff of 17 supported the organization. Integrated business systems… Show more Directed the Financial, Accounting, Administration, Facilities Management, Internal Audit and Information Technology functions for the North and South American manufacturing and distribution operations of a $1.4 billion foreign-owned, publicly traded, international medical products company. Directed the preparation of annual budgets and strategic business plans. Member of the Executive Committee. A $1.6 million budget and a staff of 17 supported the organization. Integrated business systems and processes. Established procedures for all TMC locations. Centralized the accounting functions of three sales organizations and realized annual cost savings in excess of $400,000. • Analyzed financial and other management information systems needs on a company-wide basis including two manufacturing locations. Evaluated, selected and implemented an integrated ERP software and hardware solution. • As Chairperson of the Pension and Accounting Committees, expanded the 401(k) portfolio choices, increased the available services and obtained higher levels of participation by employees Show less
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Director, Corporate Accounting
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1988 - 1991
Horsham, PA Managed the Financial Reporting, Payroll and Accounts Payable departments for a $250 million publicly held international manufacturer, marketer and service supplier of computer software and equipment. Managed a $1.2 million budget and staff of 27. The Company went private in 1988 through a leveraged buy-out and merged with Momentum Technologies, Inc. (MTI). Prepared S-1 documentation with the intention of completing an IPO. Obtained IRS compliance for MTI’s defined benefits and 401(k) plans.… Show more Managed the Financial Reporting, Payroll and Accounts Payable departments for a $250 million publicly held international manufacturer, marketer and service supplier of computer software and equipment. Managed a $1.2 million budget and staff of 27. The Company went private in 1988 through a leveraged buy-out and merged with Momentum Technologies, Inc. (MTI). Prepared S-1 documentation with the intention of completing an IPO. Obtained IRS compliance for MTI’s defined benefits and 401(k) plans. • Performed due diligence and integrated all financial systems related to the merger of MTI with DDI. • Determined net asset values and established accounting procedures for four discontinued business units. Show less
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Assistant Controller
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1986 - 1988
Horsham, PA Managed the Financial Reporting and Cost Accounting departments for the $60 million computer maintenance subsidiary with a staff of 8 individuals and a $350,000 budget. Developed accounting policies and procedures. • Performed due diligence of potential acquisition candidates and integrated systems and processes of the acquired companies into those of the service subsidiary. • Designed system specifications for an integrated inventory management system servicing 70 locations.
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Manager, Accounting Operations
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1983 - 1986
Horsham, PA Directed the Contract Administration, Equipment Leasing, Financial Services and Commission functions with an organization comprised of 26 individuals and a budget of $650,000. • Developed and implemented an integrated order entry, cost accounting, invoicing, accounts receivable and commission system. Wrote new policies and designed training programs. Reduced staffing requirements by 23% and the process time by five days
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Sr. Internal Auditor; Sr. Cost Accountant
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1981 - 1983
Horsham, PA Began career at Decision Data, Inc. as an Inventory and Production Planner in Production Management. Promoted into progressively higher-level positions that included responsibilities in Cost Accounting and Internal Audit. The last position held prior to becoming the Manager of Accounting Operations was Senior Internal Auditor.
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Education
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Villanova University
Bachelor of Science (B.S.), cum laude -
La Salle University
Master of Business Administration (MBA) -
Philadelphia University
Master of Science