Bowen, David 2017

DAVID M. BOWEN, CPA, MBA
DBOWEN7914@GMAIL.COM 856-313-5699
SUMMARY
A forward thinking and results-oriented Executive Finance manager with diversified experience in
financial reporting (IFRS and GAAP) and controls, technical research, accounting operations and
financial analysis within small and large multinational companies. A leader with the proven ability to
lead organizations through substantial change while bringing about desired financial results. Strong
proficiency in thinking creatively, developing teams and executing within fast-paced, changing business
environments to accomplish goals. Hands-on work ethic complements effective participatory approach
to leading and partnering within goal-driven teams.
Capabilities that Drive Tangible Results and Business Value
• Financial System Implementation
• Working Capital/Cash Flow Management
• Change Management
• P&L and Balance Sheet Analysis
• Organization Design
• Global Consolidation
• Manufacturing, Inventory and Cost Analysis
• Foreign Currency / Intercompany
Transactions
• Merger Integrations
• Accounting and Process Transformation
• Project Management
• Internal / External Partnerships
• Cross Cultural / Multinational Team
Building and Leadership
• Financial Modeling
• GAAP / IFRS Reporting
• Acquisition and Divestiture Analysis
• Technical Accounting Research and Policy
Creation
PROFESSIONAL EXPERIENCE
CRC INDUSTRIES, INC., Horsham, PA
Corporate Controller 2016-Present
CRC Industries is a worldwide leader in the production of specialty chemicals for maintenance and repair
professionals and do-it-yourselfers, serving the automotive, heavy trucking, marine, electrical, industrial,
hardware and aviation markets.
• Lead global consolidation and reporting for 17 operating entities
• Key coordinator with Private Equity Ownership group on all group policies, tax, reporting and financial
review
• Created monthly reporting package that allowed for an earlier review of company’s operating results which
resulted in the identification of at risk segments
• Manage global accounting policy, create and implement standardize policies that ensure consistent reporting
of financial results globally
• Created standardize reporting templates for global use which resulted in finance leadership reviewing and
analyzing results more quickly and consistently with corporates viewpoint
• Streamline the reporting process to Private Equity Group, which resulted in better communication and refocus
on the business operations
• Analyze, research, and create new accounting policies based on new accounting pronouncements
PAGE 2 DAVID M. BOWEN, CPA
856-313-5699
WOLTERS KLUWER HEALTH, Philadelphia, PA
Director, North America Controller 2010-2016
Wolters Kluwer Health is a division of Wolters Kluwer, a $1.3 billion publicly traded multi-national entity and
leading provider of information for professionals and students in medicine, nursing, allied health and pharmacy.
• Successfully manage team of 27 employees covering all accounting activities, global consolidation and
reporting, global accounting policies, intercompany, accounts payable, inventory analysis and costing.
• Created and implemented standardized close schedules, reporting templates, policies and procedures that
decreased the close schedule to 2.5 days from 4 days on a global basis which lead to a more accurate and
timely reporting of quarterly and annual reports
• Proactively research and developed accounting policies and procedures based on current/future accounting
pronouncements
• Developed accounting policy memos for unique sales contracts and new revenue/cost streams and other
accounting issues in accordance with IFRS
• Recognized as the key contact for accounting policies and procedures for divisional global operations with
Corporate headquarters
• Lead the consolidation of the division’s (39 legal entities) global results which allowed for an earlier and
more accurate review of the financials and key metrics
• Coordinated various system implementations/procedures that resulted in better cost and time efficiencies that
led to a more effective control environment and decreased workload up to 50%
• Successfully identified roles and responsibilities, conducted training in both the US and India for the Business
Process Outsourcing that resulted in the transition of eight roles to the strategic outsource partner saving the
company an average of $30k per person
• Led acquisition analysis to ensure the accuracy of all related accounting transactions for four acquisitions
ranging from $42 to $151 million in value
• Successfully integrated four acquired businesses into the corporate accounting and reporting policies and
procedures resulting in a savings of ten personnel from the acquired businesses
• Appointed key corporate coordinator/contact with external auditors from KPMG which resulting in five
audits with no findings
• Successfully managed and implemented the restructuring of five distinct business unit accounting teams into a
divisional accounting team which resulted in more accurate, timely and consistent reporting while reducing
the number of personnel by 20%
• Created a forecast model of working capital and cash flow to a business unit level that allows for better
management for forecasting and actual cash management at interim and year-end
• Successfully worked with the senior executive management teams to ensure timely submission of information
was achieved to facilitate monthly, quarterly and annual financial reporting requirements
• Coordinated Tax, Legal, and statutory issues with the Business Units, Corporate and Director of Shared
Services
Senior Manager, Reporting and Consolidation 2007-2010
• Ensured the timely and accurate recording and reporting of financial information (P&L, B/S and Cash flow)
on a monthly, quarterly and annual basis (per GAAP and IFRS) for the division and its business units
allowing for more timely and accurate reporting
• Key contact with Corporate headquarters for reporting requirements and accounting activity for global Health
division
• Ensured that all financial accounts were reconciled and outstanding issues resolved on a timely basis for all
US based businesses which resulted in the identification of $40 million of unsubstantiated liabilities
• Successfully identified, documented and implemented standardized reporting templates across 50 business
legal entities, process improvements that ensured timely and consistent reporting and ensured sustainable
controls were embedded in each financial process which resulted in a decrease of 3 days of work
• Successfully identified and implemented process improvements to reduce monthly close cycle to 3 days from
8 days
PAGE 3 DAVID M. BOWEN, CPA
856-313-5699
• Created a business unit model for continuous improvement in working capital and cash flow reporting and
forecasting
• Coordinated the consolidation of financial results of four separate business units with worldwide operations
resulting in earlier identification of financial risk and/or opportunities to the businesses
ZONE TELECOM, INC. (formerly The Furst Group, Inc.) Cherry Hill, NJ 2003 – 2007
Zone Telecom was a $120 million privately held tele-communications company.
Controller (2003 - 2007)
Accounting Manager (1999- 2003)
• Successfully led team allowing for business to grow from $10 million per year to $120 million per year
• Successfully restructured existing accounting team which allowed for more timely and accurate reporting
• Created, implemented and managed all accounting and financial processes, controls and procedures resulting
in a 3 day close from 15 day close
• Successfully coordinated all external audit activities which resulted in no findings
• Created senior management’s monthly financial package allowing for more profitably business growth and
better cash management funding and outflows
• Prepared, analyzed and reviewed annual budget of company
• Prepared and filed federal, state and local regulatory, income and franchise tax returns
OTHER RELATED EXPERIENCE
FLEET CREDIT CARD SERVICES (formerly ADVANTA), Horsham, PA
Senior Financial Analyst
Financial Analyst
GE CAPITAL, TRANSPORT INTERNATIONAL POOL, Devon, PA
Staff Accountant
ADVANTA BUSINESS SERVICES, Voorhees, NJ
Investor Accountant
Accountant
MILITARY
United States Marine Corps Reserves (Retired)
EDUCATION
M.B.A., Rowan University, Glassboro, NJ
B.S., Accounting, Salisbury University, Salisbury, MD
SYSTEM EXPERIENCE
• Microsoft Dynamics (Great Plains)
• Frx
• NetSuite
• Management Reporter
• Best Accounting System
• Advance Excel Skills
• Microsoft Office Suite
• HFM
• IQ Reporting Tool

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Bowen, David 2017

  • 1. DAVID M. BOWEN, CPA, MBA DBOWEN7914@GMAIL.COM 856-313-5699 SUMMARY A forward thinking and results-oriented Executive Finance manager with diversified experience in financial reporting (IFRS and GAAP) and controls, technical research, accounting operations and financial analysis within small and large multinational companies. A leader with the proven ability to lead organizations through substantial change while bringing about desired financial results. Strong proficiency in thinking creatively, developing teams and executing within fast-paced, changing business environments to accomplish goals. Hands-on work ethic complements effective participatory approach to leading and partnering within goal-driven teams. Capabilities that Drive Tangible Results and Business Value • Financial System Implementation • Working Capital/Cash Flow Management • Change Management • P&L and Balance Sheet Analysis • Organization Design • Global Consolidation • Manufacturing, Inventory and Cost Analysis • Foreign Currency / Intercompany Transactions • Merger Integrations • Accounting and Process Transformation • Project Management • Internal / External Partnerships • Cross Cultural / Multinational Team Building and Leadership • Financial Modeling • GAAP / IFRS Reporting • Acquisition and Divestiture Analysis • Technical Accounting Research and Policy Creation PROFESSIONAL EXPERIENCE CRC INDUSTRIES, INC., Horsham, PA Corporate Controller 2016-Present CRC Industries is a worldwide leader in the production of specialty chemicals for maintenance and repair professionals and do-it-yourselfers, serving the automotive, heavy trucking, marine, electrical, industrial, hardware and aviation markets. • Lead global consolidation and reporting for 17 operating entities • Key coordinator with Private Equity Ownership group on all group policies, tax, reporting and financial review • Created monthly reporting package that allowed for an earlier review of company’s operating results which resulted in the identification of at risk segments • Manage global accounting policy, create and implement standardize policies that ensure consistent reporting of financial results globally • Created standardize reporting templates for global use which resulted in finance leadership reviewing and analyzing results more quickly and consistently with corporates viewpoint • Streamline the reporting process to Private Equity Group, which resulted in better communication and refocus on the business operations • Analyze, research, and create new accounting policies based on new accounting pronouncements
  • 2. PAGE 2 DAVID M. BOWEN, CPA 856-313-5699 WOLTERS KLUWER HEALTH, Philadelphia, PA Director, North America Controller 2010-2016 Wolters Kluwer Health is a division of Wolters Kluwer, a $1.3 billion publicly traded multi-national entity and leading provider of information for professionals and students in medicine, nursing, allied health and pharmacy. • Successfully manage team of 27 employees covering all accounting activities, global consolidation and reporting, global accounting policies, intercompany, accounts payable, inventory analysis and costing. • Created and implemented standardized close schedules, reporting templates, policies and procedures that decreased the close schedule to 2.5 days from 4 days on a global basis which lead to a more accurate and timely reporting of quarterly and annual reports • Proactively research and developed accounting policies and procedures based on current/future accounting pronouncements • Developed accounting policy memos for unique sales contracts and new revenue/cost streams and other accounting issues in accordance with IFRS • Recognized as the key contact for accounting policies and procedures for divisional global operations with Corporate headquarters • Lead the consolidation of the division’s (39 legal entities) global results which allowed for an earlier and more accurate review of the financials and key metrics • Coordinated various system implementations/procedures that resulted in better cost and time efficiencies that led to a more effective control environment and decreased workload up to 50% • Successfully identified roles and responsibilities, conducted training in both the US and India for the Business Process Outsourcing that resulted in the transition of eight roles to the strategic outsource partner saving the company an average of $30k per person • Led acquisition analysis to ensure the accuracy of all related accounting transactions for four acquisitions ranging from $42 to $151 million in value • Successfully integrated four acquired businesses into the corporate accounting and reporting policies and procedures resulting in a savings of ten personnel from the acquired businesses • Appointed key corporate coordinator/contact with external auditors from KPMG which resulting in five audits with no findings • Successfully managed and implemented the restructuring of five distinct business unit accounting teams into a divisional accounting team which resulted in more accurate, timely and consistent reporting while reducing the number of personnel by 20% • Created a forecast model of working capital and cash flow to a business unit level that allows for better management for forecasting and actual cash management at interim and year-end • Successfully worked with the senior executive management teams to ensure timely submission of information was achieved to facilitate monthly, quarterly and annual financial reporting requirements • Coordinated Tax, Legal, and statutory issues with the Business Units, Corporate and Director of Shared Services Senior Manager, Reporting and Consolidation 2007-2010 • Ensured the timely and accurate recording and reporting of financial information (P&L, B/S and Cash flow) on a monthly, quarterly and annual basis (per GAAP and IFRS) for the division and its business units allowing for more timely and accurate reporting • Key contact with Corporate headquarters for reporting requirements and accounting activity for global Health division • Ensured that all financial accounts were reconciled and outstanding issues resolved on a timely basis for all US based businesses which resulted in the identification of $40 million of unsubstantiated liabilities • Successfully identified, documented and implemented standardized reporting templates across 50 business legal entities, process improvements that ensured timely and consistent reporting and ensured sustainable controls were embedded in each financial process which resulted in a decrease of 3 days of work • Successfully identified and implemented process improvements to reduce monthly close cycle to 3 days from 8 days
  • 3. PAGE 3 DAVID M. BOWEN, CPA 856-313-5699 • Created a business unit model for continuous improvement in working capital and cash flow reporting and forecasting • Coordinated the consolidation of financial results of four separate business units with worldwide operations resulting in earlier identification of financial risk and/or opportunities to the businesses ZONE TELECOM, INC. (formerly The Furst Group, Inc.) Cherry Hill, NJ 2003 – 2007 Zone Telecom was a $120 million privately held tele-communications company. Controller (2003 - 2007) Accounting Manager (1999- 2003) • Successfully led team allowing for business to grow from $10 million per year to $120 million per year • Successfully restructured existing accounting team which allowed for more timely and accurate reporting • Created, implemented and managed all accounting and financial processes, controls and procedures resulting in a 3 day close from 15 day close • Successfully coordinated all external audit activities which resulted in no findings • Created senior management’s monthly financial package allowing for more profitably business growth and better cash management funding and outflows • Prepared, analyzed and reviewed annual budget of company • Prepared and filed federal, state and local regulatory, income and franchise tax returns OTHER RELATED EXPERIENCE FLEET CREDIT CARD SERVICES (formerly ADVANTA), Horsham, PA Senior Financial Analyst Financial Analyst GE CAPITAL, TRANSPORT INTERNATIONAL POOL, Devon, PA Staff Accountant ADVANTA BUSINESS SERVICES, Voorhees, NJ Investor Accountant Accountant MILITARY United States Marine Corps Reserves (Retired) EDUCATION M.B.A., Rowan University, Glassboro, NJ B.S., Accounting, Salisbury University, Salisbury, MD SYSTEM EXPERIENCE • Microsoft Dynamics (Great Plains) • Frx • NetSuite • Management Reporter • Best Accounting System • Advance Excel Skills • Microsoft Office Suite • HFM • IQ Reporting Tool