James E. Bacon, CPA, COSS

100 Brisbane Court

Fayetteville, GA  30215

(404) 323-1895 Email: jebacon[AT]comcast.net

 

Senior executive with over 25 years of combined corporate and private industry experience.  Defining quality is the ability to build high functioning teams, move towards a common goal, and exceed expectations.                                                                                                                                              

               

EXPERIENCE

 

Assa Abloy Entrance Systems, Peachtree City                                                                         07/19 – Current

Manufacturer and Installer of Specialty and Large Application Doors

Global Controller

• Executive team member.


• Monthly financial consolidation of 11 operating entities in Hyperion Financial Management (HFM)


• Owner of Financial Reporting and KPI measurements.


• Conversion of 4 ERP’s into 1 central ERP exclusive to the legal entity.


• Preservation of working capital and EBIT.


• Leadership of European, Asian Pacific and North American Controllers.


• Improvement of process flow and organizational design.


• Acquired two companies with successful HR and financial integration.


• Coordination with Sweden HQ finance.

 

ALTA Refrigeration, Inc., Peachtree City                                                                                 02/05 – 01/19

Design/Build Constructor and Manufacturer of Industrial Refrigeration Systems.  Conducted business in 37 States with 150 Full Time Employees.

Chief Financial Officer/General Manager

• Consistently and rationally moved the organization towards a common direction.


• Served as soundboard for the C.E.O. to foster new ideas.  Exploited the ideas that could be developed and poked holes in those that didn’t have the potential to meet the end goal.


• P&L responsibility with quarterly presentation of financial results to the Board of Directors.  In addition to operations, responsibilities included financial reporting and accounting, human resources, information technology, risk management, payroll, accounts payable, accounts receivable, treasury, taxes, administration, building and vehicle maintenance, acquisitions, and any incidental issues that may have presented themselves.


• Hire-to-date results included increases of Revenue 260% and Net Income 650% respectively.


• Created a management tier consisting of Contracting, Service, Manufacturing and Controls department leaders. Responsibilities included leading them to develop and support their team members.  Also, guided them to produce annual business plans and budgets for presentation to the Board of Directors for approval, then armed them with the resources to meet or exceed their goals.


• Hired a Marketing group and together we created and implemented a marketing plan that targeted the industrial refrigeration market and desirable employees.  Accomplishments include creating and publishing www.altarefrigeration.com, a “Welcome Package” that introduces ALTA to prospective customers, trade show displays, paraphernalia and internal motivational pieces.  Return on investment during the first year exceeded 300% with one new customer relationship that otherwise would not have been obtained.


• Implemented a Human Resources Department and set pre-employment procedures, job descriptions, a formal review process, created an employee manual and developed policies designed to build a culture of trust and shared values. Employee satisfaction increased 68% in 2017 compared to a baseline established in 2010.


• Replaced the project engineering team with members capable of owning the project from sales transition to start up.  Instituted a transition meeting between sales and project management, created a project schedule template, and conduct weekly progress meetings with sales and fulfillment team members.


• Appointed a Health Safety and Environmental Director to identify and mitigate safety risk factors and maintain compliance with OSHA standards.  Assigned duties which include conducting job hazard analysis, implementing required engineering or administrative controls, and inspections for compliance.


• Completed multiple large-scale internal projects, each with the focus of automating processes and eliminating redundant operations. Right sizing the business had a bottom-line positive impact of $1.2 million annually.  


• Converted information systems to Field Ease for service functions and Computer Ease for general ledger, job cost, and inventory.  Implemented SAP Concur for expense management and SiteDocs for field communication and compliance documentation.  Introduced virtual servers and redundancy to the IT mix and established off-site backup.


• Identified, documented, and disseminated the Vision, Mission and Core Values of ALTA Refrigeration.    


• Used Sarbanes-Oxley style documentation procedures to understand purchase-to-pay, order-to-cash, payroll, financial reporting, IT, and human resource functions of the organization.  Designed and implemented the proper internal controls and identified significant savings opportunities.


• Assisted in the patent process for a proprietary product developed internally.  Constructed and acquired 70,000 sq/ft of facilities and built a successful manufacturing business.


• Fostered relationships with outside support entities, including legal counsel, accounting and audit, risk management, property and casualty and group health insurance, and banking.

 

 

Valley Indemnity, Ltd, Grand Cayman                                                                                      02/07 – 12/19

Reinsurer of Commercial Insurance.  Thirty-one Members Insuring 10,000 Employees in 50 states.  Included General Liability, Workers Compensation, and Auto Lines.

Finance Chair/Director

• Facilitated the Finance committee through training and meetings to prepare motions for board review.


• Established recommendations for member distributions.


• Reviewed financials prepared by KPMG.


• Authorized all purchases of the organization.


• Presented Finance Meeting results to the Board of Directors.

 

The Trane Company, Atlanta                                                                                                        02/97 –02/05

Regional Commercial Sales Office with Service, Automation and Parts Distribution. 

Assistant Controller

• Monitored and maintained internal controls to safeguard company's assets.


• Documented internal control structure and risk analysis to comply with Sarbanes-Oxley requirements.


• Monitored ongoing reconciliation of balance sheet accounts.


• Responsible for Accounts Receivable, Accounts Payable, Payroll, General Ledger, Billing, Credit & Collections, Inventory Management, Job Costing, and all Financial Reporting.


• Developed sales office budgets.


• Prepared detailed monthly and quarterly forecasts.


• Prepared and submitted monthly financial statements, gross profit analysis, and other financial reports.


• Reviewed and provided input to leadership as to financial performance of each department and total office on a monthly basis compared to budgetary goals.


• Performed various financial analyses on projects assigned by the leadership team.

• Insured timely deposits and disbursements to maximize earnings and assure optimum use of office funds.

• Administrated business and auto licenses.


• Participated in the development of the strategic business plan.


• Analyzed spending and assisted in cost control.


• Authorized property, payroll, and sales and use tax returns and associated reports.


• Managed workers compensation, liability and auto insurance.  Handled all claims with insurance companies.


• Coordinated contracts, leases, and fixed assets.


• Represented office by serving as a liaison with Trane Finance and American Standard internal auditors.

 

Wire and Cable Specialties, Inc. – Staff Accountant - (10/95 – 02/97)

Georgia Department of Revenue – Tax Field Agent – (08/94 – 10/95)

Georgia Army National Guard – Field Medic (01/89 - 06/00)

 

EDUCATION/DESIGNATION

 

Georgia Southern University   Statesboro, GA

Bachelor of Business Administration-Accounting, August 1994

 

Certified Public Accountant-Georgia

Certified Occupational Safety Specialist

 

Six Sigma Green Belt

Trane Project Manager Professional

Crestcom Bulletproof Manager

OSHA 30 Hr

CPR/First Aid/AED

 

COMPUTER SOFTWARE SKILLS

 

Hyperion Financial Management, Scala, Vantage, Bann, Computer Ease, Mas200, Quickbooks, Sage50, Peoplesoft, Hyperion, ADP, SAP Concur, Miracle Service, Site Docs, Builder Trend, Microsoft Projects, Microsoft Office