Michael Carrier
Germantown
Summary
Financial manager with 20+ years of experience leading the financial functions of organizations with up to 350 employees and $60M in sales. Recognized for the ability to identify cost-saving opportunities, enhance the quality of financial reporting, and eliminate waste leading to increased margins. Instrumental in improving the areas of budgeting, fixed assets, payroll, sales tax preparation, and month-end close.
Overview
35
35
years of professional experience
Work History
Chief Financial Officer/Controller
Hill Services, Inc
01.2016 - Current
- Day to day management of all accounting functions of two companies in the Plumbing, HVAC and Industrial Services Industry.
- Manage five accounting and financial direct reports.
- Financial responsibility for divisions Hill Services Plumbing and HVAC and Hill Services Industrial and Environmental.
- Responsible for Insurance relationships for all divisions including claims management with TPA and negotiating over two million dollars in annual spend.
- Implemented plan to have month end reporting completed within seven business days.
- Manage all operating unit assets including fixed assets and accounts receivable.
- Review all credit applications or D&B reports on new and/or potential customers when conditions warrant.
- Extensive experience with Sage 300 and Quickbooks.
Chief Financial Officer
Transcarriers, Inc. (division of Daco Corporation)
01.2010 - 01.2016
- Day to day management of all accounting functions for a 250-truck full truckload logistics company serving the eastern half of the United States.
- Manage five accounting and financial direct reports.
- Financial responsibility for small divisions of Daco Trailer Sales Inc., Daco Trailer Leasing Inc. and Peterbilt of Memphis.
- Successfully managed the sale of a local truck dealership, Peterbilt of Memphis, for substantial margin.
- Responsible for Insurance relationships for all divisions including claims management with TPA and negotiating over two million dollars in annual spend.
- Maintained self-insurance health fund resulting in over 25% savings over fully insured plan.
- Implemented plan to have month end reporting completed within five business days.
- Full financing responsibility for over 250 trucks and 1000 trailers including refinancing all debt for a reduction of over ten percent in financing costs.
- Currently on technology committee charged with the duties of security and keeping systems up to date.
- Realigned duties and responsibilities of accounting department personnel, increasing productivity and eliminating overtime which saved $20,000 in the first year.
- Increased cash availability with the use of an account receivable credit line.
Controller
Choctaw Concrete
01.2006 - 01.2009
- Oversaw Accounting, Purchasing, Personnel, and Office Service functions and managed staff of two professionals for plant and annual operating budget of over $15M.
Realtor
Crye Leike/Crews Realty
01.2001 - 01.2006
- Contract employee responsible for helping consumers buy and sell real estate.
- Accompanied prospects to property sites, quoted purchase price, described features and discussed conditions of sale and terms of lease.
- Crye Leike Multi-Million Dollar Club.
General Manager
U.S. Concrete
01.1999 - 01.2001
- Responsible for day-to-day operations for a $25M ready-mix concrete company which included sales, operations, accounting, and customer service.
- Planned and supervised preparation of the capital investment budget, 5-year strategic plan, annual operating budget, and quarterly forecasts.
- Significantly enhanced cash flow by streamlining invoicing and collections procedures reducing DSO by ten days.
- Lead the Reorganization of three separate acquisitions into one corporate entity structured to operate as a public firm.
- Implemented a full Command Data System in the four month period projected allowing for new-system startup on Monday after closing out the sold system on Saturday.
- Successfully combined accounting department of two operating centers (Memphis and Knoxville) into one department saving 2% on G&A.
- Converted to new payroll and accounting systems that reduced and improved tax reporting and corporate consolidations.
Controller
Carrier Concrete
01.1991 - 01.1999
- Oversaw Accounting, Purchasing, Personnel, and Office Service functions and managed staff of four professionals for plant and annual operating budget of over $20M.
- Directed preparation of budgets.
- Successfully handled sale of business to a public company in 1999.
- Implemented cement replacement program that saved nearly $800,000 a year.
Education
Masters of Business Administration - Finance
University of Tennessee
Knoxville, TN01.1990
Bachelor of Science - Economics
Vanderbilt University
Nashville, TN01.1988
Skills
- Strategic financial planning
- Financial management
- Financial reporting
- Performance metrics analysis
- Mergers and acquisitions experience
- Audit coordination
- Working capital management
- Cash flow management
Timeline
Chief Financial Officer/Controller
Hill Services, Inc
01.2016 - Current
Chief Financial Officer
Transcarriers, Inc. (division of Daco Corporation)
01.2010 - 01.2016
Controller
Choctaw Concrete
01.2006 - 01.2009
Realtor
Crye Leike/Crews Realty
01.2001 - 01.2006
General Manager
U.S. Concrete
01.1999 - 01.2001
Controller
Carrier Concrete
01.1991 - 01.1999
Bachelor of Science - Economics
Vanderbilt University
Masters of Business Administration - Finance
University of Tennessee
Training Certification Community
- American Concrete Institute Level 1, 2, 3 Certified
- NRMCA Young Leadership Conference & NRMCA Advanced Leadership at Center for Creative Leadership, Colorado Springs, CO (attendee)
- Excel, Word, PowerPoint, QuickBooks, Karmak, McLeod, and Great Plains
- Member Second Presbyterian Church (Deacon)
- Tennessee Concrete Association (past President)