James Farmer, Mba Email & Phone Number

Winston-Salem, Nc, Us

Monroe, Nc

Roanoke, Va

* Establish and monitor turnkey pricing and labor cost standards, research methods, comprehensive reports, cash flow, balance sheets, and income statements.* Prepare budgets and end-of-month reports and management plans for cash, accounts receivables, inventory, fixed assets, and payables.* Conduct forensic accounting to uncover errors and discrepancies.* Standardized work orders and reporting processes that significantly reduced booking errors.* Re-indexed labor costs and… Show more * Establish and monitor turnkey pricing and labor cost standards, research methods, comprehensive reports, cash flow, balance sheets, and income statements.* Prepare budgets and end-of-month reports and management plans for cash, accounts receivables, inventory, fixed assets, and payables.* Conduct forensic accounting to uncover errors and discrepancies.* Standardized work orders and reporting processes that significantly reduced booking errors.* Re-indexed labor costs and published process on resetting labor standards; ensuring all costs are adequately documented.* Created an Excel model to integrate 5 levels of bill of Materials in finished goods. Show less

High Point, Nc

* Compiled and analyzed budget for 5 operating divisions and 7 expense centers. * Modified and designed cash flow model for borrowing base predictability.* Gathered information, standardized reports, analyzed cash flow, and prepared budgets, income statements, and balance sheets for 5 subsidiaries of Home Meridian International.* Redesigned cash flow model to integrate needs with line of credit revolver and availability (asset-based lending model.)* Updated budget model to… Show more * Compiled and analyzed budget for 5 operating divisions and 7 expense centers. * Modified and designed cash flow model for borrowing base predictability.* Gathered information, standardized reports, analyzed cash flow, and prepared budgets, income statements, and balance sheets for 5 subsidiaries of Home Meridian International.* Redesigned cash flow model to integrate needs with line of credit revolver and availability (asset-based lending model.)* Updated budget model to conform to reporting standards and allow for greater transparency.* Developed asset-based lending cash flow model to map out long term predictability of cash flow needs in accordance with bank parameters and requirements. Show less

Greensboro/Winston-Salem, North Carolina Area

* Analyzed fixed assets utilizing SAP in a start-up environment, focusing on internal and external tooling to help build and assemble the HA420 aircraft.* Tracked and reported monthly capital expenditures; established capital requirements, and ensured all fixed assets were correctly cataloged for year-end close.

* Transitioned legacy accounting system to Oracle after the acquisition of Florida Rock Corp.* Processed Mideast Division month-end closing reports, and reconciled Hyperion reporting account database to budget/forecast system.* Implemented new budget/projection system, and built financial tools to collect, organize, analyze, and report financial and production data.* Set up financial models to forecast monthly sales and FIFO/LIFO inventory valuation; and identify major variance… Show more * Transitioned legacy accounting system to Oracle after the acquisition of Florida Rock Corp.* Processed Mideast Division month-end closing reports, and reconciled Hyperion reporting account database to budget/forecast system.* Implemented new budget/projection system, and built financial tools to collect, organize, analyze, and report financial and production data.* Set up financial models to forecast monthly sales and FIFO/LIFO inventory valuation; and identify major variance occurrences from 80 plants and 1485 accounts. Show less

Winston-Salem, Nc

* Performed business case analysis for outsourcing the health and welfare and pension plan with 40,000 participants; and reviewed existing HR benefits and programs.* Forecasted fringe benefit costs for 6000+ employees resulting in a $275,000 year end favorable variance.* Identified and documented fringe benefits accounts describing in detail account usage, P&L and cash flow impact resulting in easy-to-use accounting dictionary.* Built a pro forma model to forecast vacation… Show more * Performed business case analysis for outsourcing the health and welfare and pension plan with 40,000 participants; and reviewed existing HR benefits and programs.* Forecasted fringe benefit costs for 6000+ employees resulting in a $275,000 year end favorable variance.* Identified and documented fringe benefits accounts describing in detail account usage, P&L and cash flow impact resulting in easy-to-use accounting dictionary.* Built a pro forma model to forecast vacation liability for 6000+ salary and hourly employees resulting in greater degree of vacation liability forecasting.* Reviewed claims of self insured programs to determine effective IBNR for self insured medical programs resulting in crisp forecasting of insurance claims.* Documented financial forecasting process for RJR tobacco division resulting in ease of understanding for the end user. Show less

Martinsville, Va

* Managed fixed assets and multi-million dollar annual capital projects; recording month end activities and reconciliations for areas of fixed assets, capital projects, inventory, and SOX 404 compliance. * Identified areas of 2006 internal audit for fixed assets and implemented process to assure compliance, resulting in no findings during the 2007 internal audit. * Participated in emergence discussions as Solutia, Inc. (owner of CPFilms) exited bankruptcy.

Greensboro, Nc

* Enabled international division managers to forecast financial performance by developing financial planning and forecast models generating balance sheet, cash flow, and income statements that reconciled to U.S. dollars from multiple currencies.* Helped developing nations establish effective regulations for housing finance franchise protection and operational guidelines for reserve methodologies for contingency, loss, and unearned premium reserves by writing multiple white papers on housing… Show more * Enabled international division managers to forecast financial performance by developing financial planning and forecast models generating balance sheet, cash flow, and income statements that reconciled to U.S. dollars from multiple currencies.* Helped developing nations establish effective regulations for housing finance franchise protection and operational guidelines for reserve methodologies for contingency, loss, and unearned premium reserves by writing multiple white papers on housing finance regulations.* Ensured Sarbanes Oxley compliance by coordinating cash management and treasury activities with AIG treasury, corporate CFO, and controller.* Obtained corporate insurance license to conduct business in Mexico by authoring and presenting Mexico Loss Reserve Deferred Premium Paper that documented mortgage insurance concepts, reasoning, and math for Mexico HUD/Fannie Mae. Paper has also been reviewed by Canada Mortgage Housing Cooperation (Canadian Fannie Mae), U.S. State Department for rebuilding Iraq housing finance system, and World Bank.* Led investment team of AIG, Canada Mortgage Housing Corporation, International Finance Corporation, Asia Development Bank, and National Housing Bank of India to establish India Mortgage Guarantee Corporation by defining and instituting mortgage insurance operations and presence, as well as necessary banking regulations. Show less

* Led team to select and implement technologies enabling expense reductions and revenue improvements.* Interacted with business units to define problems, establish process improvement goals, select technology, prepare financials, and institute metrics to measure progress. * Cut product to market time from six months to six weeks, spearheading and managing initiative to redesign Information Systems infrastructure from green screen to web-based systems.* Improved travel expense… Show more * Led team to select and implement technologies enabling expense reductions and revenue improvements.* Interacted with business units to define problems, establish process improvement goals, select technology, prepare financials, and institute metrics to measure progress. * Cut product to market time from six months to six weeks, spearheading and managing initiative to redesign Information Systems infrastructure from green screen to web-based systems.* Improved travel expense processing turnaround time from four weeks to two days through report automation, resulting in sales staff satisfaction and national attention featured by IBM/Lotus Corporation as success story. * Reduced employee requirements, technology costs, and $3M in lease expenses resulting in 18-month payback, while maximizing efficiency and elevating staff quality level by transforming underwriting processes to paperless underwriting. Show less

European Economics Program

Activities and Societies: Research Paper on Housing Finance Systems in the UK. St. Peters & Nuffield College Lecturer: Sir Alexander.

Master Of Business Administration (Mba), Finance

Master Of Science (Ms), Industrial Technology

Thesis: Powder Metallurgy Compaction Systems

Bachelor Of Science (Bs), Industrial Technology

Activities and Societies: Alpha Phi Omega - President, VP of Service, VP of Fraternal Relations Society of Manufacturing Engineers