Thomas Mcclain Email & Phone Number

Managed cost accounting, financial reporting, general accounting, tax accounting, payroll, and credit and collections functions. Established policies and procedures for internal controls and ensured compliance. Directed annual operating and fixed asset budgeting process. Coordinated annual year-end external audit. Supervised staff of eight to ten.-Researched and directed change to Kronos automated time implementation, improving accuracy of labor reporting and reducing overtime costs by more than $100K. -Standardized and improved credit rating methodology, improving customer evaluations and helping to lower write-offs of customer accounts by 40%. -Developed capital budget analysis that contributed to accepting a large new product line, generating additional sales of $18M and profitability of $3M in 2008.-Investigated and developed new tax strategies with outside consultants, leading to the successful implementation of several changes that reduced income and property taxes by more than $150K. -Implemented change to new receivables management system, reducing staff time needed to match invoices to cash collections by 2 days per month.-Changed percentage of completion earned value methodology, reducing time spent on analysis and improving the accuracy of reported values.

Managed the financial planning, reporting and cost accounting functions. Managed annual budgeting exerciseand prepared the annual financial plan. Analyzed monthly financial performance and prepared consolidated division financial statements. Developed annual shop labor and overhead costing rates. Supervised staff of three to five.-Improved financial performance analysis by creating product line statements.-Directed and developed changes in the company’s fixed asset accounting procedures, thereby identifying and eliminating problem areas and improving future results. -Streamlined annual budgeting process, reducing time spent preparing and analyzing the results.-Converted company financial statements to new formats, improving year-to-year analysis and comparability with industry competitors. -Headed project team that improved and simplified the physical inventory process, reducing time to complete by two days and saving an estimated $30K to $35K annually.

Supervised the operating budget function. Analyzed monthly financial performance and prepared consolidated division financial statements. Developed monthly sales forecast and reviewed with senior management. Analyzed capital budget plans and requests.-Improved monthly planning and forecasting process by implementing new financial models. -Improved methodology for allocating costs to the various business units. -Standardized chart of accounts, eliminating redundant accounts and improving the ability to analyze costs.

Supervised and coordinated the work of price estimators and industrial accountants. Developed budgets for engineering, manufacturing, and quality assurance. Analyzed and presented financial performance and cost status to senior management and customers. Developed cost volumes and assisted in contract negotiations.-Spearheaded effort for a development program to become first in the division to use automated, integrated financial system, thereby reducing time and money spent in preparing reports.-Prepared and successfully submitted the pricing of 35 cost proposals in only 5 months worth $20M for the business unit.-Received the Financial and Management Controls Superior Performance