GARY W.

BARCLAY, CPA, MBA

(720) 851-9689 * Cell (720) 256-3052 * gbee3be6@westpost.net

Career Goal: Corporate Controller

Dedicated Financial Manager with experience developing and implementing financia
l systems, strategies, processes and controls that significantly improve P&L per
formance and manageability. Expert in both actual and virtual inventory manageme
nt and cost management activities.

BUSINESS EXPERIENCE
Food Manufacturer August 2006 - October 2010
Corporate Controller for this $60 million, privately held manufacturer and natio
nal distributor of frozen bakery products. Growth from $18 million and one plant
to our current size and three plants in the past three years. Responsibilities
included all financial and accounting, IT, Risk Management and Human Resources w
ith a staff of 10, with the goal of looking for ways to strengthen overall finan
cial performance.
Responsibilities and accomplishments included:
o Implementation of batch process MRP system
o Revamped accounting systems and processes to facilitate reporting knowledge a
nd accuracy for multiple facilities
o Review of all customer contracts as well as facility and equipment leases
o Brought all payroll and Human Resource responsibilities in-house including a
ll current I-9 documentation standards as well as creation of full range of job
descriptions with salary ranges
o Updated inventory and cost accounting processes to accurately track and assig
n material and product costs
o Negotiated new bank facility and renewal and several leases to sustain cash f
low
o Developed full budgeting and forecasting models for internal, bank and extern
al needs
o Developed sales and profitability reports to guide pricing and product retent
ion decisions
o Guide annual audit process and audit firm selection
o Brought the firm into full compliance with state and local tax and reporting
requirements
o Set IT standards for security, data access and system upgrades

Independent Contractor January 2003 - July 2006

During this period of time I have been involved with several organizations inclu
ding
1- A national money handling organization becoming compliant with Homeland secur
ity regulations monetary reporting requirements
2- Reorganization of a local manufacturing and wholesale company in preparation
for the sale of the company,
3- Preparing a family held manufacturer for its first audit
4- Reorganization of a closely held corporation.
Industries served include financial services, manufacturer of visual optic syste
ms, manufacturer of natural supplements, and a wood products manufacturer. Resul
ts included the following:
o Completed implementation of six year old MRP system and the interface to accou
nting records
o Rewrote chart of accounts for proper treatment of overhead pools and enhanced
reporting capability
o Developed budget process allowing bottoms up budget creation to facilitate fin
ancial management
o Addressed income and sales/use tax identification and reporting issues
o Product cost review and costing process overhaul to reflect true cost of the v
alue add process
o Identification of inventory control short falls causing cost excesses and peri
od expense errors
o Foreign operations reporting, multi-national customers' management
o Significant cash forecasting and management processes

Suntron Corporation April 1998 - December 2002

The company was a $450 million contract manufacturer and designer of electronic
circuit boards and assemblies for national companies with multiple US locations
using the most current technologies.
Director-Mergers and Acquisitions February 2001 - Dec 2002
o Performed due diligence reviews for $300M manufacturing operation asset purch
ase.
o Coordinated with multiple audit firms involved in the post acquisition purcha
se reviews and the creation and release of financial results.
o Coordinated with both operations on the integration and financial translation
issues to expedite consolidated financial information creation for public repor
ting purposes.
o Participated as corporate oversight member in the inventory process re-engine
ering efforts at the acquired operation.
o Developed breakeven model for use in financial planning for the acquired oper
ation.
Corporate Controller March 2000 - January 2001 Responsibilities include
d consolidation of all operating entities, coordination of all accounting and co
st accounting policies and procedures, SEC and internal management reporting for
this contract manufacturer of CCA's, cables and box build activities.
o Reduced closing period to four days for all non-quarter end periods and quart
er end to five days.
o Set consistent cost accounting parameters for all divisions, such as standard
material cost and process, resource cost process and overhead capitalization pr
ocess and method.
o Designed new financial statement formats for internal and equity partner use,
and Oracle generated Statement of Cash Flows.
o Direct reports of six plant controllers and corporate staff
Director of Corporate Finance April 1999 - March 2000
Responsibilities included treasury and cash management, lease negotiations, cred
it management, develop and manage budget and forecasting processes.
o Lead contact in recapitalization effort including senior lender, subordinated
debt, and bridge financing.
o Developed first comprehensive budget model for the company using Excel and Or
acle tools, in conjunction with Oracle ERP system.
o Developed comprehensive performance model to forecast profitability, balance
sheet, cash requirements and sources and uses statement.
o Defined credit policies for use at divisions and company level and set signat
ure authority matrix, and cash projection model for weekly and monthly planning.
o Prepare scripts for use in quarterly analyst calls, and participate in analys
t calls as necessary.
Division controller. April 1998 - April 1999
Responsibilities included management of general accounting, revenue, credit and
collections, cost accounting, and plant budget and quarterly forecasting process
es for this Greeley operation
o Developed detailed breakeven model to improve forecast reliability. Using thi
s model as a baseline a detailed department level budget model was developed to
better-forecast profit, cash flow, return on investment and variable versus fixe
d costs.
o Developed revenue analysis tools to understand price, mix and volume variance
s between periods and against budget.
o Negotiated inventory sales with current and disengaging customers to optimize
inventory position.

Sealy Mattress Mfg. Co., Inc. April 1996 - April 1998

Plant controller for this manufacturer of bedding, supplying a seven-state regio
n. Managed general accounting, revenue, credit and collections, cost accounting
, BOM maintenance, and plant budget and quarterly forecasting processes.
o Developed and implemented a new labor code system to allow proper tracking of
manufacturing employee labor efforts in a piece rate incentive environment.
o The first year was a rebuilding period with effort spent cleaning up the bala
nce sheet of this old line firm and beginning to clear the way for the implement
ation of a MRP system.
o Worked with operations management to improve inventory turns, accurately trac
k scrap and waste costs and reduce inventory SKU's.
o Developed processes that allowed the integration of mainframe emulation on PC
's.
o Reduced accounts receivable DSO by 2.5 days in 1997.

AAA Colorado Inc. April 1994 - April 1996

V.P. of Finance of this Colorado corporation providing insurance, auto travel, t
ravel agency, and other services to members and non-members. Responsible for Acc
ounting, IS, and Treasury functions.
o Initiated internal audit process in the effort to improve internal control of
assets and reporting flow for this customer oriented environment. Reduced clos
ing cycle from 24 days to 8.
o Initiated and chaired Risk Management team to oversee insurance goals and req
uirements.
o Initiated central purchasing for the company reducing the number of vendors u
sed, more consistent use of national contracts, and the introduction of quality
standards.
o Upgraded investment practices to improve return on investment portfolio by 20
%.
o Guided movement into networked environment and office automation.
o Led project to improve collections of all road service billings and collectio
n history. Resulted in incremental collections of $11,000 - $19,000 per month in
first six months.
o Managed external audit processes overseeing scheduling and actuarial work nec
essary.

STORAGE TECHNOLOGY CORPORATION April 1991 - September 1993

Manager of multiple departments within this Fortune 500 company, including US Sa
les Accounting, International Subsidiary sales, Cash Receipts, Equipment Account
ing, and Lease Finance Administration.
o Guided the decentralization of sales accounting functions to regional busines
s units.
o Created the first codified revenue recognition policy for the corporation. Cr
eated revenue recognition policies and updates to accommodate new products, busi
ness needs, pricing strategy changes, and GAAP pronouncements.
o Implemented a statistical based cycle count program for use in a $10 million
in-house equipment inventory system.
STORAGETEK PERIPHERALS CORPORATION March 1988 - April 1991
Controller for manufacturer of cartridge tape systems. Company revenue grew by 1
300% between 1987 and 1990. Formerly Aspen Peripherals Corp., a venture capital
financed company, acquired by Storage Technology Corp. in 1988.
o Implemented all financial modules of an on-line interactive MRPII system incl
uding General Ledger, Accounts Payable, Accounts Receivable, and Order Entry/Inv
oicing.
o Direct participation in manufacturing systems implementations such as E.C. po
licy, item master setup, standard cost definition, and purchasing policies.
o Prepared and presented financial results to Board of Directors and Shareholde
rs.
o Guided company through merger with public corporation including SEC 10Q and S
-3 filings and all audit work.

ALEXANDER GRANT & COMPANY

Auditor for national CPA firm. Clients included profit and nonprofit, governmen
tal, and private fund accounting units.

EDUCATION
California State University - Fullerton: B.A. Accounting
University of Colorado - Boulder: M.B.A.
C.P.A. Certification - Colorado