WILLIAM P.

BEDNARCHIK
12180 Crestfield Court Home: 513.489.4996
Cincinnati, OH 45249 Cell: 513.545.3577
ACCOUNTING/FINANCE EXECUTIVE
Personable Accounting/Finance executive with excellent communications and relati
onship building skills and diverse background in manufacturing, engineering and
staffing services and environmental industries. Proven track record of developin
g, implementing and maintaining key processes and controls for Sarbanes Oxley co
mpliance. In addition to managing and directing all aspects of the Finance Depar
tment, collaborated with senior management in developing and implementing strate
gies to grow the business and increase profitability. Demonstrated ability to en
gage and motivate people insuring individual, department and company goals are a
chieved.
* Sarbanes Oxley
* Cost Accounting
* Planning, Analysis & Reporting
* Statement Consolidations
* Process Improvements
* Inventory Management
* Supervision & Development of Staff
* Cash Management
* Auditing & Internal Controls
* Letters of Credit
PROFESSIONAL EXPERIENCE
d.e. Foxx & Associates, Inc., Cincinnati, OH 2008-2010
A $60 million privately held company providing single source manufacturing and d
istribution services, construction and facilities management and employment scre
ening services.
Chief Financial Officer
Responsible for overall finance activities for the three business segments of th
e company. Provides guidance for business strategies, objectives and policies fo
r the company. Responsible for developing and implementing continuous process im
provements, directing forecasting and budget preparation and analyses and provid
ing management with timely reviews of organizations financial performance and ac
tions required to ensure company meets objectives. Reports to CEO.
* Developed and implemented new cash management and forecasting process that re
duced DSO by over 10% and increased cash balance by over $1 million.
* Developed and implemented new processes that improved timeliness and accuracy
of monthly, quarterly and year end internal and external reporting.
* Reduced time to prepare annual budget by two months and implemented quarterly
forecasting process.
* Developed and implemented monthly business reports and reviews with Business
Segment and Region Managers that improved business performance.
KADANT BLACK CLAWSON, Mason, OH 1998-2007
A $100 million multi-plant division of Kadant Inc, a public company and a leadin
g equipment manufacturer & supplier to the global pulp and paper industry.
Director of Finance/Controller
Responsible for all General Accounting, Cost Accounting and Financial Planning f
unctions including reporting monthly financial information, budgeting, financial
planning and analysis, financial statement consolidations, payroll, accounts pa
yable and receivable and cash management for a multi-plant . Reported to Divisio
n President.
 * Developed, implemented and maintained internal controls and processes in acco
rdance with company policy and with Sarbanes-Oxley Section 404. Company obtained
SOX certification in initial year and has maintained ongoing yearly compliance.
* Collaborated with key members of Division staff developing and implementing s
trategies that grew business from $60 million to over $100+ million.
* Managed program reducing inactive and obsolete inventory from over $4 million
(35% of inventory) to under $650,000 (less than 10% of total inventory) and add
ing over $1.5 million to income.
* Significantly improved percentage of completion accounting process, which acc
ounted for 70% of division's revenues, reducing monthly closing cycle by three d
ays.
* Developed integrated forecasting tools improving overall efficiency and accur
acy of forecasting process.
* Performed due diligence for purchase of manufacturing company and successfull
y consolidated accounting processes with no interruption in ongoing operation an
d a net annual savings of $250,000.
* Revised letter of credit process reducing time to collect funds by one week r
esulting in improved cash flow.
* Initiated process developing and extending capabilities of subordinate employ
ees. Maintained morale and motivated staff in attaining individual and company g
oals.
WESTINGHOUSE ELECTRIC CORPORATION 1973-1997
Multi-billion dollar global public company serving the electronics, power genera
tion, manufacturing, defense, broadcasting, consumer products and environmental
service markets.
Controller, Salt Lake City, UT (1994 - 1997)
Controller for $33 million Aptus, Inc. subsidiary. Aptus provided hazardous wast
e incineration services. Reported to VP and General Manager with responsibility
for all finance and accounting services.
* Managed due diligence and transition process when division was sold to Rollin
s Environmental including reconciliation of more than $80 million in fixed asset
s. Process completed within required time period.
* Implemented regular reviews of capital expense appropriations resulting in 95
%+ of projects completed on time and within budget.
* Designed and implemented cost reduction program generating $3.5+ million in a
nnual savings.
* Redesigned credit, invoicing and collection processes reducing days sales out
standing by 25% and improved cash flow by $1.8 million.
Regional Financial Manager, Pittsburgh, PA (1988 - 1994)
First Regional Financial Manager of newly created $62 million East Region of Eng
ineering Services Division, comprising with over 55 offices and service centers
nationwide. Built finance staff, managed financial activities and developed regi
ons accounting processes and procedures for decentralized group of offices with
225 personnel and 500 ongoing contracts. Reported to Region General Manager and
Division Controller.
* Provided ongoing assistance and direction to region office managers in pricin
g, budgeting, forecasting and interpreting financial statements. Service centers
improved office's profits 10%.
* Centralized accounting and administrative operations from field offices to re
gion office resulting in $250,000 annualized savings.
* Recommended and implemented consolidation of several engineering service offi
ces, saving over $1.5 million annually. Improved business focus and maintained e
xcellent customer service.
* Implemented regular job cost and budget reviews that reduced cost overruns by
$2.5+ million annually.
Financial Planning Manager, Pittsburgh, PA (1984 - 1988)
Financial Planning Manager of $250 million Automation Division, manufacture of p
rocess control equipment and robotics used in high tech, chemical, steel, automo
tive and utility industries and was responsible for financial planning and analy
sis, monthly forecasting, annual financial plans, long range strategic plans, mo
nthly financial reporting and variance analysis for domestic and foreign operati
ons. Reported to Division Controller.
* Implemented monthly job cost and budget reviews that reduced annual costs $4.
2+ million.
* Assisted in developing financial and business justifications for additional m
anufacturing capacity in Puerto Rico, Haiti and Dominican Republic resulting in
50% reduction in labor costs.
Manager of Cost & Inventory, Asheville, NC (1979 - 1984)
Internal Auditor (1975 - 1979)
Staff Accountant (1973 - 1975)
EDUCATION
The Ohio State University, Columbus, OH
BS, Accounting, 1973
Skilled in Microsoft Word, Excel, Visio, Power Point, MAS90, Hyperion and ERP Sy
stems.