B. Fred Atkinson Jr. Email & Phone Number

Full financial responsibility for three multi-million dollar corporations (including one with $145M in revenues). Oversaw recording and reporting of all financial transactions. Managed all brokerage and cash accounts, including foreign accounts. Performed due diligence for all acquisitions and mergers.• Executed a turnaround of two previously unprofitable corporations by changing the business models.• Installed full ERP system to automate costing and inventory control.• Revised accounting systems to accurately record and report financial transactions.• Implemented systems to handle growth from 6K transactions to over 138K per month and revenues from $225K to $11.5M per month.• Through cash-flow management, paid off all shareholders’ loans equaling $18M in one year.• Implemented planning, budgeting, and variance analysis processes.

Hands-on executive handling all financial and accounting functions including full P&L responsibility, banking relationships, payroll, financial presentations to the Board of Directors, and SEC reporting.• Produced all SEC reports including 10KSB, 10QSB, SB-2 stock registrations, etc.• Rectified reporting errors and brought corporation into full compliance—ending a pre-existing SEC audit in twenty days. Received letter of commendation from SEC for accuracy and efficiency in resolving reporting issues.• Reduced cash burn rate from $295K per month to $105K per month by implementing accounting controls and accountability policies.

Director for all financial and accounting functions including full P&L responsibility. Accountable for financial statements, inventory management, AR, AP, profit/cash flow analysis, and reporting for public parent company. • Successfully passed first SOX 404 audit with only one deficiency. (Parent company had 116 deficiencies).• Improved all standard product and labor costing for over 1900 SKUs. Revised all BOMs, structures and routings for ERP system.• Defined processes and practices to fully integrated use of Oracle OPM.• Implemented financial and operational controls to increase inventory accuracy from 42% to 98.6%.• Cut month end closing time from 15 days to 3 days.

Managed financial and accounting functions for manufacturer generating annual sales in excess of $30 million. Responsible for financial statements, profit/cash flow analysis, cost accounting and MRP implementation. • Implemented financial and process procedures and controls by revamping manufacturing, operating and financial systems.• Implemented MRP II software system.• Reduced inventory and manufacturing variances from $200K per quarter to $12K per quarter.

• Responsible for all corporate financial management and control of an ISO 9000 and FDA Regulated Manufacturing entity.• Improved profitability through implementation of cGMP increasing Gross Profit Margin ratios.• Directed all Accounting Functions, including GL, AR, AP, Financial Statement preparation and Reporting, Banking, Purchasing, Vendor relations, and inventory material requirements. Directly supervised seven employees.• Produced all budgets, standard product costing, and actual variance cost analysis, pro-formas, capital expenditure justifications, and projections.• Reduced Raw Materials scrap from $90K per month to $5K per month by implementing tighter reporting and cycle counting controls. Maintained a 97.9% inventory accuracy rate.• Developed all strategic Financial Models including product cost and market analysis.

• Directed all Accounting Functions, including GL, AR, AP, Financial Statement preparation and Reporting, Banking, Investor and Lender relations, System implementation and maintenance, Purchasing, Vendor relations, and Just-in-Time inventory material requirements.• Created all budgets, cost analysis, pro-formas, and projections.• Negotiated on-site supply-chain management to reduce inventory cost and delivery time.

• Directed financial and operational functions. Produced all operating plans and financial statements. Supervised all accounting functions including AR, AP, GL, Inventory, Payroll, Manufacturing Costing Control, Budgeting, MIS Development and Control and external Audits. Directly supervised seven administrative and twelve production employees.• Provided all Cost Accounting including determination of actual and projected costs with calculation of standard product costs, computation of production and labor standards, determination of incremental inventory costs, and computation of overhead rates.• Developed and maintained open communication with employees, banking officials and stockholders in preparation for IPO.• Created the infrastructure and installed a complex integrated manufacturing process and computer accounting system, resulting in real-time, extensive, detailed financial analysis, and reporting.

Bs, Accounting/Finance

Mba, Finance