Jim Duncan Email & Phone Number

Managed the financial operations including cash management, insurance, credit, cost accounting, payroll, general ledger, fixed assets, budgeting, financial reporting and Information technology for this $250 million entity. Prepared monthly financial package for local management and consolidation package for French owners (Vallourec). Deliver financial presentations, forecasts and conduct financial analysis for Board, owners and senior management.• Serving as the interim financial leader filling the void following an unplanned for retirement of the VP Finance so the Company can maintain continuity until a successor is chosen and in place.• Coordinated an interim updating of standards attributable to significant material inflation during year 2008.• Financial liaison between the French owners (Vallourec), V&M Holdings - North America, group management for VAM Drilling (France) and for VAM Drilling USA Inc. • Direct the annual planning process for the 2009 annual business plan complete with assumptions and analysis. • Focused efforts to collect excessive delinquent receivables and established new process to maintain control of customer credit and receivables and to optimize cash collections.• Established new practice for negotiating letters of credit with foreign customers.• Managed working capital needs during a period of very tight cash and exited period with significant availability from lending institutions, with trade vendors all paid to terms and with credibility with all constituencies.• Participant in preliminary analysis of requirements to move to parent company’s IT platform (SAP).

Oversaw financial operations, including cash management, insurance acquisition and maintenance activities as well as fixed-assets/property accounting. Prepared monthly financial package. Delivered financial presentations at Board meetings and committees. Conducted financial analysis for Board, owner, senior management and owner’s management group. Coordinated annual financial audits, including several benefit plans. Contributed to strategic planning process. Implemented enterprise resource planning (ERP) Vantage by Epicor for seven sites over 18-month period. Forecasted financial results. Served as Secretary and on investment committee for 401k savings plan. • Acquired three separate entities over ten-month period and integrated new groups into monthly financial reporting cycle with minimal issues. Acquisitions doubled the size of company from $140 million to $350 million.• Centralized cash management systems, including accounts receivable posting, vouchering, check writing, payroll, lockbox reporting activities, as well as all cash transfer and bank reporting systems.• Refinanced credit facilities to provide additional working capital from receivables and inventory.• Separated financing for fixed assets from credit facility revolver and refinanced with another lender to provide additional borrowing and working capital. • Updated financial reports to produce metrics monitored on a monthly basis. Integrated metrics into reporting packages. Reduced closing cycle from five to three days by managing the process and coordinating plans with corporate group. Developed metric-based financial reporting package.• Utilized Six Sigma champion training to implement lean manufacturing and value-stream mapping. Assigned direct reports to attend Six Sigma training.• Reviewed, modified and completed annual operating plan as well as strategic objectives focusing on three time horizons as well as short- and long-term goals.

Served in the Pittsburgh and Cleveland Offices. Below are the three major assignments held during three year tenure.Acting VP Finance & CFO, Delafoil Corporation 2003-2004• Managed financial affairs of company and acted as financial liaison for both private equity owners.• Developed and implemented cash management system to monitor as well as forecast inflows/outflows and control spending within available cash limits.• Organized shipping documentation and custom clearance forms. Coordinated system with third-party bank using irrevocable letters of credit following new sales in China.• Selected and transitioned audit/tax work from national to regional firm for significant savings as well as zero loss of service and quality.• Conducted search for and hired full-time replacement for chief financial officer position.Business Consultant, Wheeling-Pittsburgh Steel Corporation, 2002-2003• Primary objective to obtain financing for joint venture (Wheeling-Pitt and Dongyang Ltd., a South Korean entity each 50% owners) following non-renewal of credit by existing lender.• Protected Wheeling-Pittsburgh's equity interests and favorable supply/distribution agreements during refinancing.• Protected Wheeling-Pittsburgh's equity interests and favorable supply/distribution agreements during refinancing.• Solicited new qualified lenders for Ohio Coatings Company credit facility while maintaining objectives of owners.• Acted as liaison between owners for strategic decision making and lender negotiations.Business Consultant, Fastforward, Inc., 2001-2002• Performed full analysis of cash burn for operation.• Conducted financial pre-audit designed to uncover potential issues including income recognition policies.• Prepared cash flow model to reflect inflows and outflows of cash for 12 months into the future.• Met with private equity majority owners to review results and answer questions.

CSC, Ltd., Chief Financial Officer 1995-2000 [Private Company]Copperweld Steel Company, Controller, Secretary & Treasurer, 1988-1995 [Public Company]• Collaborated with owners for acquisition and integration of companies.• Established benefit plans, including defined benefit and contribution pension, 401k savings, gain-sharing/profit-sharing and executive compensation plans. • Refinanced company with new $115,000,000 credit facility to fund $100,000,000 capital expansion, including public industrial revenue bonds, private bank debt with consortium of lenders and off-balance sheet components.• Primary architect for the annual operating plan and strategic business plan updates.• Drafted annual reports and all public filings including 10K, 10Q, 11K and 8K. Coordinated reviews with external auditors and attorneys. • Assumed responsibilities of chief financial officer, treasurer and controller. Served as secretary for Board of directors, maintaining minutes of meetings in permanent corporate records. • Acted as principal accounting and financial liaison to Japanese owners, as well as French owners.• Authored first pension plan investment policy and audit committee charter.• Reduced closing cycle from ten days to six. • Managed $130,000,000 in pension plan assets, including four separate plans in one master trust. Served on Pension Plan Investment Committee.

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