Michael Jones, CPA

Purpose and Scope: Deliver streamlined, effective, controls-based accounting & financial management for PE backed, OFS valve manufacturing company. Manage a team of 5 (direct/indirect) through routine accounting activities (AP, AR, Fixed Assets, & GL). Develop and maintain cash-flow models and projections. Direct the annual budgeting process. Establish and maintain company-wide internal controls and policies. Lead monthly, quarterly, and annual close processes. Preparefinancial analysis and other ad hoc reports as requested by our private equity partners. Lead the annual audit with external auditor PwC. Provide leadership in multiple areas outside of accounting which include HR and IT.

Organizational Impact | Contributions:

• Collaborated with CEO and Sales to expand our product portfolio through acquisition and strategic partnership providing the capability to generate significant year-over-year growth.
• Directed the M&A process, purchase accounting, & on-boarding for an oil field services company purchased in Louisiana.
• Led an ERP conversion/implementation process from pre-selection through final acceptance.
• Developed a streamlined month-end close process that eliminated redundancy and reduced the close cycle by 3 business days.

Purpose and Scope: Provided proactive, effective accounting and managerial leadership for this $500M global manufacturing company. Collaborated with assigned staff, upper management, and across departments to improve efficiencies, identify and meet short- and long-term and special business goals, and to ensure optimal accounting functions were delivered to world-class quality levels. Managed a 10-member team (both direct and indirect reports). Supervised daily accounting activities (AP, Fixed Assets, GL) for US and Canada. Developed and implemented corporate-wide policies. Managed month-end, quarterly, and annual close processes. Directed the preparation and delivery of external audit schedules, PBCs, reviews, and requests. Partnered with Operations to identify and improved process weaknesses.

Organizational Impact | Contributions:

• Developed AP / GL shared services teams for the launch of the new Houston corporate office, and consolidated multiple accounting teams into new company structure in support of M&A objectives.
• By streamlining existing processes and procedures, reduced headcount by 10% and implemented a paperless process that reduced AP Outstanding > 60 days by 50%.
• Worked with Internal Audit to develop a SOX 404 compliant program governing accounting regulatory compliance.
• Developed and implemented multiple policies and procedures that insured proper accounting oversite and separation of duties.
• Established and managed a month-end close process and coordinated across multiple locations and business units.

Played key role in a multi-phase, company-wide ERP conversion from Orion to IFS. Areas of focus included pre-implementation input testing and setup, post-implementation testing, and troubleshooting.

Purpose and Scope: Managed routine accounting functions for two business units within the organization. Collaborated with senior management to identify business goals and formulate strategies and approaches that consistently met expectations. Prepared and presented formal and ad hoc reports. Collaborated with Internal Audit to develop SOX 404 processes and procedures for my department. Directed journal entries, forecasting, budgeting, monthly through annual closing to high acclaim. Supervised, trained, and guided a 7-member team.

Organizational Impact | Contributions:

• Managed 2 divisions within the Total Safety portfolio.
• Facilitated a monthly financial review process to assist the Executives in making sound financial decisions.
• Assisted with M&A due diligence activities aligned to strategic expansion planning efforts. Responsibilities included due diligence analysis, purchase price accounting, and on-boarding.
• Partnered with US Controller in the areas of strategic planning, budgeting, and forecasting processes.

Purpose and Scope: Performed and directed daily accounting and financial activities that consistently met company expectations. These included closing processes, reconciliations, journal entry accuracy, variance analysis and reporting for use by the Controller and CFO, and 10-Q and 10-K review for accuracy and completeness. Directed the efforts of 2 staff accountants.

Organizational Impact | Contributions:

• Prepared external audit schedules, reviews and requests.
• Developed and implemented process improvements that boosted accuracy and met quality objectives.
• SOX 404 compliance included internal control management, and updated narratives as required.

Purpose and Scope: Accurately and effectively performed complex accounting functions. This included account reconciliations, budget-to-actual variance analysis, GL and sub ledger journal entries, AP invoice review and SOX 404 compliance.

Organizational Impact | Contributions:

• Assisted in internal controls testing for all accounting policies and controls across the organization.
• Prepared 5-year roll forward schedules for all long-term contracts, and PBC schedules for external audits.
• Coordinated quarterly asset disposal meetings with department managers.
• Reviewed fixed asset and pre-paid policies. Identified and proposed revisions as needed.