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Karl P

Chief Financial Officer - 20 Years of Experience - Near 75287

Occupation:

Chief Financial Officer

Location:

Dallas, TX

Education Level:

Master

Will Relocate:

YES

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Prepared a client's sales forecasts and built business plans with detailed 3-5-year budget and expenditure projections. Recommended changes to accounting operations and controls. Implementation of the business plan, budget and recommendations resulted in a 23% annual growth in bottom line profits after the first 2 years. * Assisted client in refining the marketing strategies by using demographics of the company's market target and focusing on the untapped markets expanded customer base and increased net bottom line by 12%. * For clients of all sizes, designed and implemented the use of "Business Information Dashboards" both standard financial ratios and customized business ratios to conceptualize the relationships between non-accounting data (employee time, unit production, patients/day, equipment & supplies used, advertising responses, order deliver times, customer satisfaction responses, etc.) and accounting data (income, expense, and balance sheet) over time (months, quarters, and years). This approach, after implementation, gave management metrics to evaluate changes in the daily operations, as well as policy changes implemented across large organizations and multiple divisions. * Managed the installation of an integrated Accounting / Manufacturing Systems encompassing, General Ledger, Accounts Payable, Customer Order Entry Accounts Receivable, Payroll, Purchase Order Control, Inventory, Bill of Materials, Manufacturing Job Process Control (Equipment Cycle Times and Routing between processes), Employee Time Clock for cost control, and Interface to the HR System. The system provided export of any data (based on security protocols) to excel spreadsheets for analysis as required by various levels of management. * As a bankruptcy consultant, working with both the company and creditor stakeholder attorney's to restructure a manufacturing company to emerge from bankruptcy with sales exceeding $15 million quarterly by implementing accounting and financial controls and a new sales strategy focusing on sales to the US Government Defense Acquisition System using computerized matching of RFP's for products produced as well as products purchased and resold to DECASAR. * Engaged by a group of small hospitals, clinics and physicians to perform a multi-year analysis of Insurance Company patient payments with the goal of determining the profitability of continuing to accept patient insurance for services from specific Health Insurance Companies. At the conclusion of the analysis, ranked the Insurance Companies payments, average payment times, and profitability. Demonstrated that 80% of the income was coming from 20% of the insurance companies. Initiated and participated in contract negotiations with the bottom 20% of insurance companies resulting in renegotiated reimbursement schedules and increase to the net bottom line income by an average of over 158% above the prior year taxable income. Consultant from 1986 to Present that focused tracking of business trends, KPI's, review and definition of key financial processes, corporate ROI and cash flow projections. Assisted owners of a company emerge from bankruptcy * Engagements activities included: 1) Recommending improving Facilities Management, divestiture of properties, and implementing stronger accounting controls and use of monthly budget variance analysis. 2) Transformational activities providing timely financial information and business analytics to ensure the organization is effectively meeting the strategic operating plan and adherence to debt reporting requirements, and the long-term roadmap as defined by the Executive Management Team. 3) Analysis of asset programs including access to and use of Bank & SBA funding. and capital markets equity 4) Management and the restructure of companies in Bankruptcy to grow net sales. * Prepared 5-year financial forecasts, created annual line item budgets with forecasted capital expenditure budgets based on capital improvement needs of the company. Coordinated capital financing needs with management requirements to improve financial performance through monthly reviews of budget Variance Reports, implementing capital expenditure programs to replace outdated equipment, and launched an ERP system resulting in 23% profit growth for the year. * Financial modeling for companies by planning, building, and implementing financial controls, analysis of budget variance analysis for presentation of KPI's to stakeholders. * Assisted client in refining the marketing strategies by using demographics of the company's market target and focusing on the untapped markets expanded customer base and increased net bottom line by 12%. Karl V. Painter 432.553.6405 - Email kvp@kvpainter.com

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