Derek Arnold Email & Phone Number

Greensboro, North Carolina, United States

Healthcare management company with $1B in annual sales, 154K members, and 352 employees• Implemented accounting policy and procedures to ensure financial statements passed external audit; 2021 Connor Group, 2022 Deloitte.• Established ACH capabilities and streamlined payment processing, eliminating the need to present payment requests in person at the bank’s local branch.• Modeled balance sheet, income statement, and cash flow for various growth scenarios — identifying cash requirements necessary to service growth in full risk lives from zero to 154K lives.• Supported Founder’s efforts for first round of Series A funding $45M in equity in November 2021.• Managed Finance Team of 13, with 4 direct reports and 9 indirect reports.

High Point, North Carolina, United States

Furniture manufacturer with $20M annual sales, 46 employees, bought in March 2018 by private equity investors• Brought in as Interim Controller to obtain audited financials to present to potential lenders and investors — ultimately improving investors’ understanding of the Stanley brand valuation. Ask to fill CFO role during this process.• Managed Finance Team of 3 direct reports, focused on executing cash management strategy and identifying opportunities to obtain additional capital.

High Point, Nc

Computer hardware manufacturer with $4M in annual sales and 21 employees• Closed existing banking relationship and led setup with new bank, lowering mortgage interest rates & transaction fees. • Managed team of 10 (Operations and Accounting) and hired key roles for Operations Manager and Accounting Manager.• Established Cycle Counting Program and key performance metrics, setting a benchmark to gauge performance improvements and enhancing balance sheet account reconciliations, shipping accuracy, and inventory accuracy.• Solved for 2 aged company issues — completing transition from a 401(k) plan to a Simple IRA, and filing a property tax listing that reflected a 5-year company asset audit.

Greensboro/Winston-Salem, North Carolina Area

Soil stabilization and erosion control products for the construction industry with $288M annual sales and 330 employees• Led due diligence and integration for 4 major acquisitions, growing sales by $91M / 47% and fostering relationships with sellers to ensure amicable settlement of reps & warranties.• Developed regional reporting, consolidating 33 locations (US and Canada) into 8 regional reports, and established metrics for Regional Managers so that President could quickly identify critical gaps.• Improved inflation-deflation analysis to include full complement of products and pricing results by product group.• Enhanced income statements with freight & inventory metrics, automating data population for 33 locations.

High Point, Nc

Custom Contract Furnishings Manufacturer for Luxury Hotels with $15M annual sales and 85 employees in 7 countries• Partnered with suppliers, purchasing agents, designers, and hotels around the world, and managed 8 Associates.• Led SAP Implementation in US & Philippines, aligning with Kohler’s ERP system, and cleared 12 audit issues for Philippines office, securing credibility with corporate office.• Developed costing models for domestic plant and Asian supply, and trained Project and Pricing Managers on usage.• Established Quote Monitoring portal for Sales department, tracking over 1,200 quotes/year, driving 14% increase in 2013 target customer quotes, and 54% increase in Q1 2014.

Elizabethtown, Nc

Fortune 500, multi-site manufacturer of counters, timers, controllers, voltage regulators and molded resin products with $60M in annual sales and 335 employees• Managed 4 Accounting Associates, recruited Assistant Controller, and trained Assistant Controller backup; and worked with Purchasing and Value Stream Managers to identify Purchase Price Variance (PPV) opportunities.• Led Cost “War Room,” achieving 17% variable overhead cost reduction, and drove SOX audit, maintaining compliance.• Directed Accounts Payable Transaction Process Improvement Kaizen, reducing vouching exceptions from 100/week to under 12; drove 1 inventory turn improvement per year; and increased Days Payable Outstanding from 45 to 62.

High Point, Nc

Furniture component manufacturer with $15M in annual sales and 100 employees• Managed 5 Accounting, Information Technology and Human Resources Associates — establishing weekly performance reporting and cash flow projection, and supporting improved cost controls and cash management.• Leveraged visual aids identifying slow-moving/obsolete inventory; improving efficiency of annual inventory count by 25%.