David Betts Email & Phone Number

Remote, Us

Remote, Us

Resourced Inc., a non-profit organization to support program implementation needs of agricultural and social impact development donors worldwide.• Direct the transition of full-cycle accounting function from external entity to internal management.• Develop internal controls and financial reporting to support donor reporting.• Responsible for HR, local labor compliance (Africa), external audit oversight.

San Diego, California, Us

Support private equity acquisition of $120 million Mexico vegetable seed distributor.• Work with external auditor (Crowe LP) to assure financial reporting accuracy.• Managed IT in order to implement controls to validate ERP (SAP) costing. • Placed $30M credit facility to underwrite Mexico AR and Inventory.

Seattle, Washington, Us

Full cycle accounting and financial reporting for $60 million B Corp with direct fair trade & organic imports from over 20 countries.• Supported revenue growth of 60% and Net Income improvement from breakeven to +$500K per year.• Oversaw transition from cash flow to fair value hedge accounting (coffee and currency) with inventory and forward positions marked-to-market. Implemented outside auditor change (from regional to national firm).• Placement of $15.0M bank facility producing $150K annual cost of capital reduction. • Managed acquisition and integration of UK subsidiary.• Responsible for all HR functions for US and foreign entities.• Support “Origin” staff and suppliers to strengthen competitive position and relationships.

Founded company for the sale and distribution of gourmet “Dulce de Leche” candy. • Development and design of packaging to reposition a regional product into a high-end confection with extended shelf life. • Selected by Mexican Export Agency (SAGARPA) as a Top Ten MexBest item. • Secured Mexican government financing from PROMEXICO and commercial support from SAGARPA.• Obtained all FDA and third party (AIB) Food Safety certifications, including HACCP implementation and lab testing programs in both the US and Mexico.• Coordinated all logistics and customs entry and compliance for the US and Mexico.• Responsible for all US and Mexico accounting and tax reporting.

Finance and Operations lead executive for $25 million frozen vegetable business. • Oversaw Production Planning of IQF facility in Aguascalientes Mexico.• Principal liaison between shareholders and outside auditors. • Responsible for banking relationship. Daily review of loan collateral basis and development of cash management system with focus on working capital reduction initiatives.• Implemented Working Capital facility with Wells Fargo Bank.

Waltham, Ma, Us

Lead Finance Executive for $35 million division providing scientific products with a premier global brand. • Served as interim General Manager for 10 months with oversight of 18 Customer Service staff.• Focus on financial integrity and definition of strategic initiatives to grow sales and profitability. • Developed mapping between reporting systems (Oracle / Hyperion) to assure financial statement integrity. • Complete restructure of Mexico Division resulting in the closure of 10 offices and workforce reduction of 40%. • Additional 15% of positions were turned over with focus on human capital improvement. • Oversight of HR Department to define severance guidelines and employee retention programs.• Responsible for IT Department with accounting systems (Compac) implementation.• Reconciliation of differences between US GAAP and IFRS.

Milwaukee, Wi, Us

Senior Mexico Finance Executive for $15 million Power Systems Division, with production and resale of Dodge Mechanical and Reliance Electric products. • Transition of product line manufacture from US to Mexico with delivery of projected 3.0M annual cost savings. • Doubled Mexico operating results during first year through improved profitability and successful product launches. • Implementation of ERP system to integrate accounting with sales, standard costing, purchasing, inventory and financial reporting functions. Redundant data entry eliminated and Finance staff reduced by 30%. • Achieved highest Rockwell internal audit rating in plant history.

Master Of Business Administration (M.B.A.), International Business

Bachelor Of Arts (B.A.), Economics

High School