Mitchel Young is a results oriented executive with 25 years of experience in delivering outstanding results in finance, ...
Mitchel H. Young, MBA Playa del Rey, CA 90293 || (310) 384-4089 ||
[email protected]
OBJECTIVE Seeking a CFO, Controller, Accounting Manager, or Finance Manager position in order to utilize years of solid professional experience in finance, accounting, planning, MIS, and operations, with increasing responsibility in each position in the fields of Distribution, Entertainment, Apparel, Electronics, and Construction. QUALIFICATIONS • • • • •
Accounting Management Executive Reporting, KPI Expense Reduction Leveraged Buyouts (LBO’s) Quantitative and Qualitative Analysis
• • • • •
Strategic Planning GAAP Computer Implementations Project Management Profitability Improvement
MAJOR ACHIEVEMENTS (details on page # 2) BAKERCORP – Finance Manager – $310 million – Industrial Rentals – 19 years Key member of Finance Team on four lucrative LBO’s as the company’s value grew from $175 million to $960 million Project Manager on two successful SAP BPC implementations; first to version 7.5, then version 10.0, allowing timely, meaningful financial statements for the first time Developed effective Planning and Forecasting models, helping management react to changes in the market Standardized monthly Accounting systems including Financial Reporting and Variance Analysis processes, improving controls and earnings Developed comprehensive KPI’s to identify successes and necessary improvements Implemented the first distributed budgeting process for over eighty locations in the US and seven international entities OSP PUBLISHING, INC. – Chief Financial Officer CFO – $42 million – Publishing – 4 years Renegotiated Bank Debt for Restructuring lucrative Management Buyout FINANCIAL NEWS NETWORK, INC. – Controller – $80 million – Television – 5 years Redesigned entire Accounting System for SEC compliance and internal efficiencies BASIC SYSTEMS CORPORATION – Controller – $25 million – Electronics – 3 years Salvaged ailing Banking Relationship with Receivables Financing for a challenging industrial distributor marketing model in the electronic components sector LOUVERDRAPE, INC. – Financial General Manager – $35 million – Construction – 5 years Quickly promoted from Cost Accountant to Credit Manager and later successfully grew largest Subsidiary as General Manager EDUCATION M.B.A. – California State University at Dominguez Hills
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B.A. – Washington State University
TECHNOLOGY Excel (Power User)SAP BPC MS Word MS Forecaster MS PowerPoint MS Project
Tableau
SQL QuickBooks ACCPAC
IBM AS400 Wynne Systems
Mitchel H. Young, MBA (page 2)
PROFESSIONAL EXPERIENCE DETAIL BakerCorp, Seal Beach (Premier Industrial Equipment Rental Firm – Revenue $310 million)
1995 to 2014
Manager, Business Systems: Project Manager on SAP BPC implementation while supporting Data Warehouse project and improving information for $310 million company. Manager of Financial Planning: Managed financial statements, budgets, forecasts and variance analyses as revenue increased to $310 million. Installed MS Forecaster Budgeting, training 60 locations. Developed reporting for utilization, pricing, industry mix, profitability reporting, and various other KPI analyses for 1,000 employees while ensuring compliant with GAAP and SOX. Manager of Finance, Administration, & MIS: Project manager for major ERP accounting system conversion with operations and budgetary process for $100 million firm. Installed first LAN and WAN for 30 locations. Controlled real property and customer contracts in 20 states. Managed credit and IT, and installed T1 phone lines for 250 employees saving $100,000 annually. O.S.P. Publishing, Inc., Monterey Park (Entertainment Merchandise Licensee/Distributor – Revenue $42 million)
1991 to 1994
Vice President of Operations and MIS: Directed operations for four divisions with $42 million annual sales. Doubled revenue in manufacturing, apparel, importing, and licensing. Converted to UNIX system from RFP through implementation for forty user system with three satellites. Chief Financial Officer: Re-designing all internal financial reporting and MIS, saving $100K annually in audit fees, cutting closing time in half. Completed Management Buyout and Renegotiated bank relationship. Computerized inventory control and reduced expenses through improved cost accounting procedures. Financial News Network Inc., Los Angeles (Television Network – Revenue $80 million)
1985 to 1990
Controller: Managed staff of twenty for annual audit, SEC reporting, budgeting, forecasting, acquisition accounting and due diligence, retail activities, bank relationships, payroll, and MIS (including conversion to ACCPAC) for $80 million television network with six communications subsidiaries, keeping costs down as revenue doubled. Basic Systems Corporation, Inglewood (Electronics Distributor – Revenue $25 million)
1982 to 1985
Controller: Kept cash challenged company operating by re-negotiating bank debt. Improved general ledger, financial statements, credit, A/R, purchasing, and A/P for distributor of computer electronics. Converted accounting system to MCBA, reducing audit fees and closing time. LouverDrape, Inc., Santa Monica (Construction – Window Covering Manufacturer/Distributor – Revenue $35 million)
1977 to 1982
General Manager: Ran manufacturing and assembly division. Managed production, shipping and inventory, with growth to 2,000 monthly orders. Upgraded accounting, credit and IT as subsidiary revenue grew from $8 million to $10 million. Corporate Credit Manager: Managed construction and distributor credit and as sales grew from $8 to $35 million. Developed strong cash flow understanding while improving customer service. Cost Accountant: Developed product cost systems, performed account analysis, prepared financial statements and analyzing demographic sales data for construction. Promoted to credit manager after six months by demonstrating superior analytic abilities.