Kurt Smith Email & Phone Number

Smithville, Tennessee, US

• CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER (2019 to Present)CHIEF FINANCIAL OFFICER (2018 to Present)CONTROLLER (2017 to 2018) CHIEF OPERATING OFFICERLead a team of over 120 associates, with a focus centered on.
• Built, implemented and cultivated a proactive operating environment, transitioning from a reactive approach.
• Improved employee turnover rates from 300% to less than 20%.
• Directed initiatives to identify and outsource key maintenance areas.
• Introduced Key Operating Indicators that reduced scrap, overtime, material, and labor variances.
• Recruited and developed internal resources to fill crucial openings.

Lexington, Kentucky, US

• ACCOUNTING MANAGER (2015 to 2017) Lead an accounting team to support the monthly, quarterly, and annual reporting of Tempur USA, which consists of two legal entities. Responsible for transforming a transactional.
• Reduced staff from 5 to 2 by transitioning accounts payable and accounts receivable to a shared services platform, improving efficiency and reducing costs.
• Transitioned 80% of vendors from check payments to ACH, reducing check processing costs while maintaining cash flow stability.
• Replaced high-cost, low-performing vendors with low-cost, high-performing alternatives, optimizing vendor performance and reducing expenses.
• Shifted sales tax processes to a third-party vendor, streamlining operations and enhancing accuracy.
• Developed and managed over 100 standard operating procedures, formalizing accounting processes.

• CONTROLLER (2013 to 2014)Lead several direct reports to support the improvement of margins by building and implementing processes, procedures, and reports through partnering with location management to drive an.
• Developed a bill of material, routing, and overhead absorption methodology which is utilized in costing new products, inventorying costs, and measuring actual versus standard performance
• Created various sales reports that led to understanding of what drove business (Top 20 customers, Product Mix Report, and Exception Reporting)
• Created Operational Key Performance Indicators that focused on scrap reduction, labor efficiency, and throughput effectiveness
• Develop key performance indicators for quote process.CORPORATE ACCOUNTING MANAGER (2012 to 2013)Directed a team in the management of corporate reporting (income statement, balance sheet, and statement of cash flows).
• Elevated cash forecast accuracy from 70% to 97%

Salisbury, MD, US

• CONTROLLER Oversaw the daily financial needs of the organization, including payroll, accounts payable, financial reporting, budgeting and forecasting, while managing ten direct reports. Tasked to implement, develop an.
• Achieved a 22% reduction in freight rates through successful vendor negotiations.
• Cut pallet expenditures by 25% through strategic cost management.
• Awarded the POLT award for creating value from a by-product, adding $900k annually to the bottom line.
• Formed and introduced volume mix tools to identify financial risks and offset shortfalls by adjusting controllable spending. Built a daily reporting process for the largest Further Processing plant.

Chicago, IL, US

• Controller Directed the organization’s payroll, accounts payable, and financial reporting. Managed and led five direct reports in their assignments and projects. Collaborated with sales and operations in the smooth.
• Led teams to identify the best cost facility to produce like products.
• Designed and implemented an internal auditing program for the plant manager.
• Developed several key performance indicators for areas of production.
• Received Lean Six Sigma Certification.

Chicago, IL, US

• ADM, Multiple Locations 2000 - 2006 Senior Analyst - Wheat Flour Milling Division (2005 – 2006)Responsible for financial and administrative activities for three North American corn and wheat processing facilities, as.
• Developed and implemented a standard costing system for thirty-eight U.S. milling locations.
• Designed and implemented a gross margin analysis model used by senior management to maximize profits for all North America milling locations.
• Created standardized reports, which analyzed direct costs, indirect costs and yields.Analyst/Senior Accountant – Cocoa Division (2003 – 2005) Directed all financial and administrative activities for two North American.
• Promoted to build standard reports, enabling operations to understand material usage, quantifying the impact of actual usage versus standard usage for raw materials.
• Created a currency model to hedge manufacturing costs against current position at Brazilian manufacturing facility. This was later adopted at all ADM Canadian locations.

Bachelor Of Science, Major In Accounting

Master Of Business Administration - Mba, International Business