Robert Vaughan Email and Phone Number

Provided strategic direction and implemented financial controls. Rationalized lines of business, eliminating unprofitable lines and putting company on the path to profitable growth. Direct financial reporting, treasury, A/P, A/R, payroll, and IT functions. Obtained new government contracts through successful bid proposals. Revised company’s 2015 incurred cost submissions, successfully negotiating a determination of adequacy. Upgraded Board financial presentations¸ greatly increasing understanding of cost reimbursable contracts.  Automated cost pool processing within Deltek ERP, reducing monthly close time 25%. Obtained $1 million PPP loan for company, ensuring no loss of personnel during COVID pandemic. Developed and implemented quarterly rolling consolidated forecast. Upgraded Board financial presentations¸ greatly increasing understanding of cost reimbursable contracts.

Directed financial operations of a rapidly growing acute care hospital chain including psych and acute care. Integrated major acquisition. Directed financial reporting, provider contracting and claims adjudication, invoicing, cash management, A/P, A/R, payroll, and human resource functions for multiple legal entities. • Developed automated close processes, reducing month-end close time by 30%. • Led financial, timekeeping and human resource information systems evaluation and implementation teams. • Integrated major acquisition with multiple acute care facilities. Developed and implemented financial function integration plan. • Served as primary liaison for private equity firm ownership. Prepared financial consolidations and authored Board materials including Management’s discussion and analysis.

• Implemented financial reporting controls to ensure accurate recognition of revenues and reimbursement reserves. • Developed billing and authorization controls resulting in increase in reimbursement. • Drafted business plan and Offering Memorandum, successfully led presentations to private equity funds resulting in multiple purchase offers.

Provided financial leadership to a rapidly growing Medicare administrative contractor, including integration of major acquisitions. Directed financial and government reporting, invoicing, bank relationships, A/P, A/R, and payroll functions for multiple legal entities. • Instituted internal controls, successfully obtaining finance organization ISO certification. • Developed and implemented centralized shared services organization for payroll, accounts payable, and employee expense processing, reducing cost 45%. • Integrated multiple entities’ accounting systems into single consolidated system with increased automation of accounting. Reduced accounting close cycle by 40%. • Designed and authored government cost accounting revision and disclosure, increasing cost recovery by $3 million annually. Developed CAS and FAR training materials.

Directed financial operations, risk management, planning, and SEC reporting including registration statement filings for issuance of additional securities. Analyzed financing activities including joint ventures, divestitures, debt and stock related activities, accounting changes, and interest rate swaps. Collaborated with C-level executives and Board Chairman, contributing to strategy development and implementation. • Secured $25 million Department of Energy grant. • Provided strategic leadership by identifying mission critical operating objectives, appropriate implementation approaches, and performance metrics. Developed restructuring plan saving $24 million annually. • Transitioned multiple general ledger systems into single consolidated ERP system and established best practices to streamline the financial close process, reducing monthly close cycle time 25%. • Led implementation of internal controls best practices, successfully obtaining the company’s first clean Sarbanes Oxley audit opinion.

Managed accounting and finance functions for firm’s U.S., Mexico, China, Brazil and Argentina operations exceeding $220 Million in revenue. Oversaw staff of 20 including operational reporting, cash management, U.S. general ledger accounting, U.S. and Canadian payroll, invoicing, and A/P functions. Negotiated contract pricing. Managed relationships with auditors, venture capital firms, board of directors, and legal counsel.• Implemented single general ledger for multiple countries and entities, reducing close time by 53%• Implemented proprietary invoicing system fully integrated into company’s general ledger resulting in 67% reduction in invoicing time and reducing monthly close by 2.5 days while increasing accuracy.• Successfully re-negotiated contract with RJ Reynolds, increasing Merchandising segment operating profit 300%, an increase of $3 million.• Re-organized payroll department resulting in 80% temporary labor cost savings. Absorbed Canadian payroll with resulting staff reduction generating $125 thousand cost savings.

Directed the accounting, finance, HR, contract and IT functions. Developed bid pricing and authored requests for proposal. Transitioned accounting and finance functions to corporate office. Created departmental profit and loss statements to more effectively manage costs. Managed relationships with company’s auditors, investors, bankers, and legal counsel.• Increased company revenue 42% and profit 86% by successfully winning re-compete contracts and expanding company business by establishing new contracts with the V.A. and Department of the Army.• Negotiated $6 million operating line of credit.• Developed and implemented performance-driven deferred compensation and bonus structure.• Transitioned accounting and finance functions to corporate office with 25% reduction in staffing costs and 50% decrease in monthly close time.

Directed financial reporting, cost accounting, investor relations and cash management functions. Developed business plan and company re-organization plan. Set manufacturing cost standards and performed variance analysis. Managed relationships with venture capital firms, board of directors, shareholders and legal counsel. Drafted royalty agreements, resolutions and warrants. Rationalized product offerings, discontinuing loss product lines.• Prepared SEC Form S-1 and offering memorandum in preparation for initial public offering.• Instrumental in securing a buyer for the technology; presented business plan and investment opportunity to potential acquirers during road shows and oversaw due diligence.• Secured $15 Million Debt Financing, working closely with leading venture capital firms.• Implemented re-organization plan, cutting cash burn in half while maintaining current production.

Directed accounting operations including month-end close, financial statement preparation and analysis, budget preparation and cash management. Managed accounting and sales order entry personnel. Instrumental in securing U.S. General Services Administration (GSA) Multi-Agency Contract and ensured compliance with FAR. Establishing standard costs and directed physical inventories.• While serving as production manager, re-located printed circuit board and contract assembly offshore, reducing product cost by 36%.• Successfully negotiated with prior contract manufacturer, saving company $0.5 million in termination fess and avoiding costly litigation.• Developed inventory stocking level rationalization plan and Microsoft Access based forecasting model which successfully reduced inventory investment 42%.

Prepared financial statements, press releases, SEC filings, and annual reports. Performed pricing audits of government contracting divisions and assisted in DCAA audits. Analyzed divisional operating results and presented to board of directors. Assisted with preparation and analysis of operating budgets, strategic and capital plans, and Department of Defense bids. Evaluated potential acquisitions and divestitures and presented recommendations to company’s board of directors.• Led ERP worldwide management information system implementation.• Developed new performance incentive system based upon EVA, Economic Value Added• Conducted financial management seminars for approximately 200 division senior managers and presidents.• Key participant in IPO of insurance company subsidiaries. Prepared Pro-forma financial statements and worked closely with auditors to create a second NYSE listed Fortune 500 entity, Unitrin.

Performed audit engagements of SEC registered government contractor clients. Supervised audit associates on engagements. Identified, researched, and communicated technical matters to both clients and senior management. Assisted clients in preparation of disclosures to comply with FAR regulations and newly adopted FASB pronouncements.