Stephen Helfrich Email & Phone Number

Wexford, Pa

Corporate Controller – Managed a staff of 4 in the accounting and payroll preparation for the Corporate Office as well as taxes and production of internal and external financial statements for the Corporation. Served as the authority on GAAP issues and assisted with budgeting by developing templates and working with plant managers on plant level budgets. Twice filled in for vacancies in the Divisional Controller role handling accounting, reporting and budgeting responsibilities for 5 plants while also serving as Corporate Controller.• Identified and corrected problems with the amortization of PPV that had inventory overstated by $2.5M.• Developed a forecast model to analyze a potential acquisition in Brazil as well as a new business venture.• Corrected process problems in expense reporting that led to over $150K in tax refunds.

Roanoke, Virginia Area

Developed rolling three month forecasts for three divisions located in Virginia, Utah and Mexico. Traveled to Utah and Mexico to provide financial oversight, corrected several process problems including identifying several jobs that were never fully invoiced and collected on projects not invoiced until more than three years after completion.

Providing CFO services on a consulting basis including the development of financial statements, building of financial models, creating monthly cash projections, preparation of product costing studies and market pricing studies that resulted in annual savings of over $75,000, research of GAAP issues, and reconstruction of the chart of accounts.

Served as Interim CFO reporting to the Owner during a leave of absence for the incumbent CFO. Identified and corrected several internal and external reporting errors including the failure to file Form 5500’s for multiple employee benefit plans since 2003.

Joined the Company at a pivotal time in its history and worked closely with the business owners to restructure the financial and administrative functions of the business. Actions undertaken included:• Negotiated settlement on $6 million in liabilities resulting from unpaid sales taxes. Liabilities were settled with no penalties and payment schedules which allowed for payment from operating cash flow.• Helped grow EBITDA from near break-even levels upon starting with the Company to over $2.5 million in four and a half years (6% of gross sales), at which time 60% of the revenue base was sold.• Senior executive sponsor of a project team that implemented a new ERP system and developed a project accounting system that did not previously exist and included the implementation of SOP 97-2.• Created a passive foreign currency hedging program that saved $50,000 in its first year.• Restructured the Fleet Management Program which led to $150,000 in annual savings.• Created analyses of field service operations in order to identify unprofitable business regions. The analyses led to the outsourcing of operations in three states and the ceasing of operations in two states.• Led a cost reduction and downsizing effort that generated $130,000 in annual savings.• Led the corporate information technology department which supported a combination of over 150 desktop PCs and laptops, 14 servers, 6 remote offices, a call center and over 100 cell phones.

Assisted the business owner in the development and implementation of strategic operating plans that returned the business to profitability through reductions in staff and underperforming assets. Developed accounting processes, established internal controls and formulated policies in order to improve staff efficiency and financial information. Changed the Company’s accounting package from a DOS platform to a Window’s platform to improve productivity and achieve Y2K compliance.

Managed the Corporate Accounting department, supervised a staff of 5 in the preparation of the monthly financial statements, managed the job costing system including analyzing customer and product line profitability and overhead allocation rates, prepared monthly MD&A reports, developed three-year budgeting models, managed a $3 million technology leasing program and established accounting policies and procedures. Accomplishments include:• Served as Chairman of the company’s Suggestion Committee and in the first year doubled the number of suggestions received. This effort resulted in $50,000 of increased annual savings for the Company.• Re-engineered cash receipts to automatically post to accounts receivable from downloaded bank files, thereby reducing staff and saving $25,000 annually.• Led a project that successfully outsourced corporate payroll processing and provided software to support the corporate HR function.• Served as a member of a five person team to select an ERP system that would integrate the accounting and manufacturing systems and achieve year 2000 compliance.

Mba, Management Analysis

Activities and Societies: Beta Gamma Sigma Honor Society

Bsba, Accounting

Activities and Societies: Theta Chi Fraternity