PROFESSIONAL EXPERIENCE

MUDD LLC/MUDD USA LLC dba MUDD JEANS, Cartersville, GA  01/1998 – 11/2006

PAPER DENIM & CLOTH and R. D. SIMPSON

Chief Financial Officer

·    Led the internal and external financial reporting and analysis, cash flow and financing activities, systems management, human resources, general and cost accounting activities, credit management, budgeting/forecasting, licensing/royalty administration and reporting, inventory management and control, strategic planning for three separate privately owned companies.

·    Planned and managed the growth of company from $30MM to $230M in annual sales.

·    Implemented licensing and royalty administration which added $250M in branded annual sales and approx. $10M to net income.

·    Collaborated with executive management on business plans and their execution.

·    Coordinated and evaluated the financial and information systems.

·    Developed and implemented required financial and auditing procedures and controls.

·    Coordinated the preparation of external and internal financial statements and analysis.

·    Managed cash flow activities, and arranged financing with factor.

·    Managed quarterly reviews and year end financial audits.

·    Supported other functional departments with required technology and reporting requirements.

·    Developed and administered a comprehensive benefits program for employees.

·    Created company’s information technology department and developed corporate network.

·    Implemented operational and financial software necessary to meet operational and financial requirements and manage the sales growth.

·    Analyzed operational and financial cost and variances to determine areas of improvement in efficiencies or in costs reductions.

·    Decreased customers’ charge backs from 10% to 2.5% of sales.

INBRAND CORPORATION, Marietta, GA                                       06/1997 – 01/1998

Financial Consultant, Contractor

·    Performed Controller’s function during transition period after company was acquired. Assisted with final year end audit and other activities associated with acquisition and other projects as assigned.

·    Contributed to a smooth corporate transition after company was acquired and provided essential assistance to finalize transaction.

NANTUCKET INDUSTRIES, INC., Cartersville, GA                         08/1994 – 06/1997

Corporate Controller

·    Led the internal and external financial reporting and analysis, general and cost accounting activities, inventory management and control, credit management, budgeting/forecasting, variance analysis for publicly traded company.

·    Developed financial reports for internal and external use. Analyzed operational and financial cost for areas of improvement or reduction.

·    Developed and implemented forecast and budgets.

·    Prepared SEC reports.

·    Developed and maintained product cost for all product lines.

·    Managed external audits.

·    Developed and implemented required financial and auditing procedures and controls

·    Coordinated and analyzed physical inventories.

·    Managed and approved processing of transactions through general ledger.

·    Implemented a real-time inventory system and developed internal controls relating

to inventory movement. Implemented inventory cycle counting process, investigated

reasons for discrepancies and implemented necessary controls. Improved reliability

of inventory reporting. Eliminated manual paper transactions and reduced Physical

Inventories to one per year saving approx. $75K and improved inventory accuracy rates

to 98.5%.

ONEITA INDUSTRIES, INC., Cullman, AL                                      06/1992 – 08/1994

Division Controller

·    Led the divisional financial reporting and analysis, product costing,  budgeting, variance

analysis and inventory management and control for multi plant division.

·    Coordinated and lead divisional operational review meeting with division managers.

·    Developed and analyzed division budgets and forecasts.

·    Coordinated division physical inventories and reporting.

·    Managed accounting personnel located within division.

·    Presented divisional financial and operational results at corporate meetings.

·    Recommended and implemented cost reduction and efficiency improvements throughout division.  

·    Evaluated financial programs and controls at all division locations.

·    Implemented necessary accounting and inventory controls in each location.

·    Improved costing which eliminated or reduced costs variances and improved gross margins.

·    Standardized division financial reporting to be consistent with corporate financial requirements.

RUSSELL CORPORATION, Alexander City, AL                             02/1987 – 06/1992

Area Accounting Manager – Knit Division

·    Led the area operational reporting and analysis, budgeting, variance analysis, for a 4 plant area.

·    Developed and analyzed area budgets and forecasts.

·    Coordinated area physical inventories and reporting.

·    Managed accounting personnel located within area.

·    Presented area financial and operational results at division and corporate meetings.

·    Recommended and implemented cost reduction and efficiency improvements throughout division.

·    Evaluated financial programs and controls at all area locations.

·    Implemented necessary accounting and inventory controls in each location.

·    Standardized area reporting to be consistent with division and corporate financial requirements.

·  Coordinated and led monthly operational management meetings which improved operational efficiencies and reduced costs by $800K annually.

WILLIAM CARTER COMPANY, Vicksburg, MS                               12/1981 – 02/1987

Area Accounting Manager 

·    Led the area operational reporting and analysis, budgeting, variance analysis for 3 plants.

·    Developed and analyzed area budgets and forecasts.

·    Coordinated area physical inventories and reporting.

·    Managed accounting personnel located within area.

·    Presented area financial and operational results at division and corporate meetings.

·    Recommended and implemented cost reduction and efficiency improvements throughout area

KIMBALL FURNITURE REPRODUCTIONS, Montgomery, AL          12/1976 – 12/1981

Plant Controller & Office Manager

·    Led the operational reporting and analysis, budgeting, variance analysis for plant.

·    Developed and analyzed area budgets and forecasts.

·    Coordinated area physical inventories and reporting.

·    Developed standard cost for products.

·    Managed accounting personnel located within area.

·    Evaluated office procedures and personnel requirements

SOUTHERN UNITED LIFE INSURANCE Co, Montgomery, AL         05/1974 – 12/1976

Junior Accountant

·    Prepared monthly bank reconciliations.

·    Prepared monthly journal entries

·    Analyzed general ledger accounts.

·    Special projects as assigned by VP of Finance.

E-mail: Timothy C. Lunsford for more information