I've worked primarily in the automotive industry starting as a cost accountant and moving through the ranks to controller. Over the course of my career I've worked for interior trim (plastics and foam), liquid urethane, steel, and telecommunications companies.
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ControllerBunting Bearings, LlcAdrian, Mi, Us -
CfoEvolve Wireless Llc Jun 2023 - Jul 2024Part owner of start-up company to market government funded Affordable Connectivity Program. Set up licensing and reporting in eighteen states to conduct business and pay taxes. Created company in QuickBooks to process and pay payroll inhouse, post banking transactions, close month end, and get income taxes filed at year end. Set up accounts with bank, filed application for SBA loan, and processed the SBA loan draw requests for working capital. Filed government annual reports, monthly sales tax returns, and paid all filing fees. Managed owner equity accounts and draw requests.
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Interim ControllerGlycon Corp. Feb 2024 - Apr 2024Tecumseh, Michigan, UsThree-month contract position at job shop through Robert Half. Closed month end, processed AR and AP, posted transactions to jobs, bank reconciliations, and brought all account reconciliations current. -
ControllerAmerican Broadband And Telecommunications Co Aug 2014 - Jun 2023Manage all financial aspects of $50 million telecom company that provides cell and landline phone service in twenty-five states. Responsibilities include month end close, year-end review preparation for outside auditors, payroll including all filings, sales tax filings, cash management, banking relations, accounts payable and receivable management, annual and quarterly filings with states and PUC’s, 401k and health insurance administration, HR management as it relates to unemployment filings, workers comp, and benefits. Worked to resolve payment and relationship issues with vendors. Streamlined payment and reporting processes to save time and money. Set up and maintain asset-based lender to aid in cash flow management Changed and set up new lock box from bank to independent to allow changes to banking relationship without changing lock box in future Aided in outsourcing 90% of call center to India to improve cash flow Absorbed duties of two direct reports to improve cash flow Set up and maintained new joint venture Manage cash flow daily due to current financial condition of company
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Plant ControllerArcelormittal Usa Dec 2012 - Aug 2014Cleveland, Oh, UsManaged the finances of $100 million location of the world’s largest steel manufacturer. Directly responsible for preparation and delivery of monthly financial presentation to corporate management along with the annual budget, setting of standards and management of accounts receivables, payables, and network administration. -
ControllerKunststoff Technik Scherer & Trier Usa Feb 2008 - Dec 2012Responsible for all financial management of German owned US location providing plastic injection molding and extrusion parts to the automotive industry. Duties include month end close, budget, fixed assets, job costing of customer owned tooling, cash management, review preparation, banking relations, tax abatement applications, and foreign currency transactions. Created first budget and detailed operating standards of start-up operation. Corrected taxable amount of utilities resulting in $45,000 refund of overpaid sales tax going back four years and annual savings of $20,000. Cleaned up financial statements to reflect proper presentation.
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ControllerHorizon Inc Mar 2007 - Feb 2008Directed all financial and personnel operations of $20 million plumbing/HVAC contractor, including financial analysis/reporting, month-end close, budgeting, internal controls, risk management, human resources, and benefits administration. Determine job cost and percentage of completion. Prepare independent annual financial review and manage accounting staff of 5. Brought financial statements current that had not been prepared since November 2006. Managed the team to process old transactions and developed procedures to record current activity. Directed installation of purchasing system to aid in controlling material costs. Implemented 401k program.
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Corporate ControllerRenosol Corporation Aug 2000 - Mar 2007Bay City, Mi, UsOversaw financial operations of $150 million automotive seating and chemical company consisting of parent company and three joint ventures. Provided direction to 8 direct reports and 7 manufacturing facilities. Reviewed sales forecast and budget process and created inter-company eliminating entries for consolidated statements. Managed year end external audit of two joint ventures and reviews of third venture and parent company. Maintained banking and insurance relationships, set accounting policies and procedures. Created and explained KPI's to senior management. Provided financial analysis and modeling for owners and investment bankers to create and market joint ventures enabling owners an exit strategy. Worked with auditors to establish opening balance sheets and partner contributions of two-multimillion-dollar joint ventures created in six months. Aided in opening $10 million manufacturing facility in Selma, Alabama. Turned around ailing joint venture losing $150 thousand annually to a $250 thousand profit. -
Assistant Corporate ControllerRenosol Corporation Jan 1998 - Aug 2000Bay City, Mi, UsProvided hands on performance of all accounting functions including month and year end close for all locations, annual external review by Rehmann Robson, and reconciled balance sheet accounts. Responsible for the annual budget and sales forecast, reviewed operating standards set by plants, provided root cause analysis of variances, and compared performance to budget. Helped controller to manage department and on special projects. Integral part of team that implemented financial and manufacturing software for complex company requiring numerous custom features. Set up new Hebron Ohio manufacturing facility in financial software, created operating standards, forecast and budget, requested draws from bank, and capitalized all assets. Responsible for creating weekly close process that provided management timely information. Shortened month end close from 7 days to 2 by automation of routine tasks. Implemented tooling cost module to track tooling project revenues and costs. -
Cost AccountantRenosol Corporation Jul 1994 - Jan 1998Bay City, Mi, UsConducted physical inventories, aided plants in setting operating standards, completed audit schedules, managed fixed assets, set up bills of material, prepared personal property tax returns, and quoted cost of new business. Quoted $20 million H-car program awarded to company. Changed several manual operations to Excel format.
Daryl Townsend Skills
Daryl Townsend Education Details
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Cleary UniversityAccounting And Business/Management
Frequently Asked Questions about Daryl Townsend
What company does Daryl Townsend work for?
Daryl Townsend works for Bunting Bearings, Llc
What is Daryl Townsend's role at the current company?
Daryl Townsend's current role is Controller.
What schools did Daryl Townsend attend?
Daryl Townsend attended Cleary University.
What skills is Daryl Townsend known for?
Daryl Townsend has skills like Management, Strategic Planning, Microsoft Excel, Business Strategy, Financial Analysis, Microsoft Office, Manufacturing, Standard Costs.
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