Raymond Lambert Email & Phone Number

Bloomfield Hills, Mi

Family owned provider of creative solutions for industrial textiles and filtration systems• Driver and implementer of the Acme Mills Long Term Vision• Oversee all Divisions and Support Services of Acme Mills, including Finance, Quality, Purchasing and Human Resources• Leading Acme Mills in the Strategic Planning for future growth while maintaining and upholding the values that guide us.

Bloomfield Hills, Mi

Family owned provider of creative solutions for automotive textiles, office furniture and filtration systems• Champion of the new ERP system as planner, designer and primary implementer, completing the project on budget.• Oversaw all financial matters, including banking relationships, budgeting, financial reporting, contract negotiation, cost cutting initiatives and operational improvements.• Improved operational efficiencies while cutting costs by over $2,000,000 by restructuring business flows and revamping compensation plans.• Restructured inventory logistics to balance product delivery while minimizing carrying costs.• Overhauled product pricing to enhance revenues by capturing all costs of production, eliminating obsolete price structures and updating indirect cost allocations.• Implemented procedures to reduce processing time of invoices by 50% resulting in higher AR turnover and stabilization of cash flow.• Drafted comprehensive Travel and Business Expense Policy for entire company to eliminate confusion over acceptable expenses, proper documentation and reporting requirements.• Implemented scrap and downtime reporting to identify wasted time and materials in the production process. Reduced scrap rates by 40% and downtime was reduced by nearly 70%.• Reorganized the purchasing, sales, production, quality and HR department. The initiative laid the groundwork for removing the splintering of duties and responsibilities across divisions and centralizing key services for consistent application of company policies and procedures.

Greater Detroit Area

• Recruited, hired, trained and supervised 17 employees in the Controller’s Office that developed, monitored and accounted for a $250 million operating budget and a $400 million capital budget, including budgeting, financial reporting, construction accounting, accounts receivable, accounts payable, purchasing and cash management.• Evaluated, selected and instituted the Authority’s new financial system, allowing information to be presented in a concise, accurate and timely fashion. Coordinated training of all employees and end users to demonstrate the capabilities and benefits of the new financial system and established the initial security features of the system.• Restructured business processes to reduce costs including outsourcing of certain services, electronic storage and retrieval of documents and the creation of performance measures to monitor processes and results. - Reduced costs by over $1 million annually.• Redesigned and drafted all accounting policies and procedures to bring into compliance with all accounting standards, federal reporting and local ordinance requirements. - Awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association three years running.• Instituted disbursement review procedures for all cost reimbursement contracts. • Recovered or prevented disbursements on reimbursement contracts paid to vendors/contractors for services that were improperly billed. - Recouped over $5 million dollars in payments to vendors and concessionaires.• Coordinated and implemented both organization wide and individual department budgets, including the establishment of cost centers, initiatives and performance measures.

Greater Detroit Area

• Instituted monthly and annual closing procedures, reducing preparation time to provide meaningful and timely financial reporting. - Expedited the monthly closing process by 30%.• Developed cash flow and spending projections while providing monthly and quarterly analysis of initiatives and performance measures to monitor progress. Implemented corrective action when required.• Drafted all concession and vendor contract language relating to financial reporting, record keeping and auditing requirements to minimize costs and maximize revenue generation for the Airport. Audited contracts on a regular basis. - Recovered over $1.6 million in improperly paid expenses.• Coordinated and administered all financial, operational and compliance audits of the Airport.

Hazel Park, Michigan

• Reversed the 5-year trend of budget deficit spending in the first full year as Finance Director. - Administered surplus budgets in every year as Finance Director.• Directly supervised and coordinated the activities of budgeting, accounting, inventory, payroll, purchasing, treasury, risk management and pension administration.• Initiated, designed, implemented and administered the entire computer system for the City while enhancing internal controls and providing more timely and accurate information. - Reduced annual technology costs by over 50%.• Negotiated six union contracts securing many savings to the City including containment of health care costs, cost of living increases and workers compensation insurance. - Savings of over $50,000 annually were secured.

Greater Detroit Area

- Supervised staff and enhanced client relations in the performance of audits and tax return preparation.

Bachelor, Business Administration, Majoring In Accounting

Activities and Societies: Beta Alpha Psi Graduate Summa Cum Laude

High School, High School/Secondary Diploma Programs