Daniel Betts Email & Phone Number

Nederland, Co, Us

Oversee all core operational functions—Finance/Accounting, HR, facilities, IT and Warehouse. A critical thought partner and advisor to ownership as part of the senior management team. Assisted in development and refinement of Ibex’s overall strategies and vision, and managed change processes in support of organizational objectives. Lead the operations of the company in designing and delivering best-in-class services and building an operating platform that effectively enabled current and future growth. Responsible for guiding the organization to successfully achieve financial goals.Career Highlights: Implemented month-end accounting/accrual procedures in accordance with GAAP reducing risk exposure and ensuring overall compliance with audit requirements  Developed a monthly financial reporting package with commentary of variances to budget and latest forecasts distributed to board members and internal senior management team Instrumental in securing new banking agreement/relationship and commercial financing resulting in improved cash flow Successfully negotiated out of 2015 year-end bank covenants and delayed introduction of covenants for 2016  Negotiated new and existing leases, IT, logistics and operating agreements plus vendor terms resulting in significant savings and favorable repayment terms  Refined inventory buying strategies aligning with ownership on all future inventory purchases and evolving all necessary cross-functional teams  With CEO, formalized a three-year long range planning process including financial modeling, refining strategic objectives and working with key members of the senior management team to identify investments needed to support growth targets

Managed the execution of Long Range, Annual, Quarterly, Monthly Financial and Business plans and key dashboard metrics. Created and implemented solutions to achieve financial goals and objectives outlined within the Long Range Plan and Budget. Provided keen oversight to monthly analysis and reporting of financial performance against prior periods and forecast targets. Career Highlights: Collaborated with vice presidents to exhibit scenarios based on implementation of sales programs, new pricing and operational changes; offered recommendations to improve overall profitability Drove efforts involving sales-related analytics, including monthly financial analytics, monthly forecasts, annual sales plan, customer profitability, promotion performance and management reviews Assumed lead role in creating a process that linked business strategy to operational plans and expected range of financial outcomes Established clear financial and business reporting to match business model which led to increased understanding of relationship between strategy and financials at the management team level Finance lead for the transition of accounting/credit procedures to shared service center in Appleton, WI (April 2011)

Managed accounting operations (AR, AP, GL) and produced periodic financial reports, maintained adequate system of accounting records and a comprehensive set of controls and budgets designed to mitigate risk, enhanced the accuracy of financial results while complying with GAAP.Career Highlights: Implemented process to record transactions by department and compare costs incurred to budget, enabling team to react and ensure financial objectives were achieved Reduced complexity of month-end close by improving processes; cut close period from five days to two days Inherited five pages of SOX compliance/GAAP deficiencies upon arrival; implemented various controls and procedures eliminating them within the first year Passed all internal and external audits during tenure as Controller (4 year-ends; 14 quarter-closes) Assisted CFO to implement costing/margin process that improved overall margin by 400+ bp  Acted as interim CFO from April 2011 to October 2011; transitioned to new parent company (Sept 2011). Lead acquisition-related accounting associated with merger Finance Project Lead for the replacement of the company’s ERP to SAP  Led the procedure in establishing a formal credit review process for all customers

Rendered efficient support to the CFO, CAO and divisional presidents in annual budgeting process, as well as the annual Long Range plan process and monthly forecast. Aided in preparation of yearly budget presentations for the Board of Directors and CEO.Career Highlights: Identified $62M in cost savings through various sensitivity analyses of global retail stores, discretionary spend, removing company of non-compliance with bank covenant Traveled to Singapore (Asia HQ) on several occasions to assist in the assimilation of new CFO; implemented Long Range and budget processes/procedures; created synergies between corporate offices and country GMs leading to more cohesive team dynamics and improving overall profitability Traveled to Paris, France to take on year-end close responsibilities due to delays in transitioning accounting functions to shared service center in Switzerland Examined and categorized all international capital expenditure requests (primarily new stores) above $250K and interpreted the legitimacy of each prior to presenting to senior management for approval

Laconia, Nh, Us

Assessed and addressed commercial customers of a large and complex nature with exposure to bank of $10M+. Conducted industry/market research from outside sourcesCareer Highlights:Proactively participated in the Management Loan Committee, Senior Credit Committee, and Board risk meetings