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.
• 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%.