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Chris Tiesman, CPA MBA

Senior Financial Professional, Chief Financial Officer (CFO)

Spring, TX

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I am seeking senior financial position in Houston or Dallas.  
 
I am a trusted business partner and financial advisor to executive teams and front-line managers. Talented in collaborating with all levels of management to identify/deliver reports, systems, and process improvements to improve business intelligence, profitability, and cash flow. 
 
I am an operationally minded financial leader with an MBA and experience turning around troubled companies, as well as preparing high growth businesses for success. My talents include the ability to instill a sense of urgency and culture of accountability in Corporate Headquarters and the field. I have a history of success increasing profitability by leveraging management information systems.

Work Experience

Chief Financial Officer (CFO) / Principal

Metis CFO Partners LLC
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The Woodlands, TX
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December 2011 to Present

Metis delivers world class senior financial leaders to lower and middle market businesses on an interim or permanent basis. We facilitate mutually rewarding partnerships between business stakeholders and top financial leaders. 
 
• Maintain primary responsibility for all aspects of the business including business development, marketing, legal, recruiting, accounting/finance, and strategic planning 
 
• Deliver CFO-level leadership and expertise to small and mid-market businesses 
 
• Identify and develop relationships with the most talented senior financial professionals in their respective industries

Senior Vice President - Finance & Accounting

IFCO
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Houston, TX
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October 2006 to November 2011

IFCO provides a national network of pallet management services (PMS) to Fortune 500 customers such as Wal-Mart and Target. The Company services smaller businesses on a regional or local basis. IFCO manufactures and distributes shipping platforms, primarily pallets and wooden crates. IFCO also offers 'back-dock' services, which entails IFCO employees working onsite at customer warehouses and distribution centers. 
 
My position was eliminated when the company was acquired by a competitor in 2011. 
 
Responsibilities: 
 
• Provided financial leadership and operational support to a $300 million, multi-location division 
 
• Staffed, led, managed, and developed an organization of approximately fifty employees responsible for all aspects of accounting, finance, treasury, payroll, internal audit, financial analysis, and internal and external reporting 
 
• Spearheaded the development of the annual operating budget and Five Year Plan 
 
• Consolidated four regional accounting office into a new Houston headquarters; centralized back office functions; grew the Houston Finance Organization from zero to fifty employees within three months 
 
• Counseled the senior management team regarding financial and accounting issues 
 
• Ensured consistency between the company's strategic/operating plans and its financial capabilities 
 
• Partnered with Information Technology group to improve business intelligence which resulted in more informed decision making and increased profitability 
 
• Evaluated potential acquisitions and divestitures; managed the sale or integration of divestitures and acquisitions, respectively 
 
• Negotiated and managed national purchasing contracts with vendors and service providers 
 
Notable Achievements: 
 
➢ Led in the acquisition and integration of two acqusitions which totaled $95 million  
 
➢ Realized $30+ million one-time improvement in working capital and recurring annual cost reductions of $12+ million through technology and business process improvements, restructuring, facility rationalization, and improved cash and credit management 
 
➢ Coordinated the closing/consolidating of eight production facilities which resulted in $2 million/year cost reduction 
 
➢ Oversaw the design, testing, and implementation of a proprietary raw material cost tracking system which resulted in more informed and timely decisions regarding materials management 
 
➢ Championed the development and implementation of a system which improved decision-making by equipping facility managers with reports reflecting key performance indicators such as throughout costs, product pricing, raw materials cost/unit, and the production rates of individual employees over time 
 
➢ Negotiated the purchase of a $10 million competitor which resulted in a fifteen month payback period

Vice President - Finance & Accounting

IFCO
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Houston, TX
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January 2002 to October 2006

Controller

IFCO
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Houston, TX
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June 2000 to January 2002

Responsibilities: 
 
• Provided leadership and accounting expertise to a group responsible for generating timely and reliable financial statements 
 
• Promoted in this newly created position with streamlining back office functions and improving/implementing effective internal controls 
 
• Created and managed the rollout of automated reporting tools for disseminating operating and financial data to operations managers in 25+ states 
 
• Collaborated with national customers to better understand their product and service needs 
 
• Retained all responsibilities from my previous Director role 
 
Notable Achievements: 
 
➢ Designed a web-based portal which allows remote users to enter pallet shipment data pertaining to national accounts. Directed third party IT consultant responsible for its development and testing. Eliminated dependence on a local, error ridden, and unstable database maintained in ACCESS. Resulted in dramatic improvements in system speed, stability, and data security 
 
➢ Authored and rolled out the company's first accounting and internal control policy manual 
 
➢ Simplified the process for recording and processing inter-company transactions resulting in $150k annual savings 
 
➢ Spear-headed an initiative in conjunction with the Information Technology group that provided users of financial data a tool and training to generate "canned" reports and the ability to create custom reports using Excel pivot tables and proprietary reporting templates

Director - Planning, Analysis & Budget

IFCO
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Houston, TX
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March 1999 to June 2000

Responsibilities: 
 
• Recruited into a newly created position to establish and manage comprehensive processes for the annual budget process and rolling financial forecasts 
 
• Partnered with senior management and plant managers to identify key performance indicators (KPIs) to focus resources and measure performance on critical issues 
 
• Devised and implemented an monthly internal management reporting package 
 
• Assumed leadership of a team consisting of members from MIS, accounting, and operations 
 
• Transitioned 60+ facilities onto a common financial accounting and reporting platform, as well as a common chart of accounts 
 
• Acted as the financial liaison and corporate ambassador to facility managers. 
 
Notable Achievements: 
 
➢ Partnered with the IT Group and external consultants to develop the Company's first financial reporting system that generated consistent, relevant, and timely financial statements 
 
➢ Led the transition from dozens of antiquated and locally managed legacy accounting systems to a single common and centralized system 
 
➢ Planned and managed the training of employees representing 50+ facilities over a six month period prior to the rollout of Microsoft Dynamics Accounting 
 
➢ Developed and rolled out a common chart of accounts (COA) for approximately 150 profit and cost centers; Translated over 20,000 previously existing account names/numbers contained in legacy accounting systems 
 
➢ Designed a web based data entry budget template and managed the third party IT consultant responsible for its development and testing; personally conducted user training for over 100 employees 
 
➢ Teamed with the IT Group to build a series of 'canned' financial and accounting reports

Senior Business Analyst

Phillips Petroleum Company
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Houston, TX
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March 1998 to March 1999

Responsibilities & Achievements: 
 
• Managed the preparation and submittal of the Polyethylene (PE) Group's annual budget encompassing plants in three countries with revenues exceeding $1 billion 
 
• Prepared and issued financial projections for the worldwide PE business 
 
• Distributed reports which summarized financial performance and highlighted areas of concern and opportunity 
 
• Acted as the Company representative in industry bench-marking and "best practices" studies 
 
• Provided financial support and counseling to the division's executives 
 
• Developed and presented to executive management the financial model used to win approval of a $180 million plant expansion

Senior Internal Auditor

Phillips Petroleum Company
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Houston, TX
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October 1995 to March 1998

Planned and executed financial and operational audits in North America, Australia, and Africa 
 
• Submitted audit reports to the CFO and General Auditor 
 
• Recommended solutions that reduced risk by strengthening internal controls 
 
• Communicated and negotiated with all levels of management to implement audit recommendations 
 
• Prepared analyses for executive management which assessed risk and interpreted financial and operating data

Senior Accountant

E.M. Bossin & Company, P.C
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August 1993 to October 1995

Public Accounting

Service Representative

GE Capital
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October 1992 to August 1993

Financial Services

Education

MBA

Texas A&M University -
College Station, TX

1990 to 1992

BS in Economics

Texas A&M University -
College Station, TX

1986 to 1990

Skills

Excel, Word, Access, PowerPoint, Visio, Microsoft Dynamics, FRX Report Writer

Certifications

Certified Public Accountant (CPA)

State of Texas

Additional Information

Management & Leadership Experience: 
Acct./Finance Organizations 
Audit Relationships  
Banking Relationships 
Organizational Change 
High Growth Companies  
Turnaround Situations 
Debt Restructuring  
Business Process Redesign  
Human Resources 
Identify Acquisitions  
Divestiture Process  
Negotiate Acquisition Terms 
Integration of Acquisitions  
Facility Start-ups  
Facility Rationalization 
Department Start-ups  
Office Start-ups  
Back Office Consolidation 
Legal Counsel Relationships  
Information Technology  
Insurance/Benefit Programs 
Legal Suits & Settlements 
Risk Management  
Vendor/Supplier Relations  
Fleet Management 
 
Accounting & Audit Skills/Expertise: 
General Accounting  
Financial Reporting  
Consolidations 
Cost  
IFRS & GAAP  
Managerial 
Inter-company  
Corporate Taxation  
Technical Research 
Policy Development  
Consolidations  
Acquisition 
Divestiture  
Controlling  
Year End Audit Process 
Internal Audit  
Risk Assessments  
Control Mapping & Design 
 
Finance & Treasury Skills/Expertise: 
Budgeting  
Strategic Planning  
Mgmt. Reporting 
Forecasting  
Corporate Finance  
Benchmarking 
Cash Flow Optimization  
Financial Modeling  
Capex Review/Approval 
Equipment Financing  
Credit Management  
Collections 
KPI’s  
Mergers & Acquisitions  
Planning & Analysis (FP&A) 
Strategic Planning  
Working Capital Mgmt.  
Payroll 
Banking  
Divestitures  
Debt Covenant Compliance 
 
HR Experience: 
Employee Development & Coaching 
Performance Reviews 
Succession Planning 
Benefit Plan Negotiation/Administration 
Talent Acquisition 
 
IT Experience: 
System Selection & Implementation 
Application & Systems Development 
Business Intelligence 
 
Legal Experience: 
Relationship Management with External Counsel 
Contract Review & Execution 
Litigation Management 
 
Operations Experience: 
Streamlining & Process Redesign 
Benchmarking 
Inventory Management 
KPIs 
Strategic Planning 
Standardizing Equipment Specs. 
Fleet Management 
 
Procurement Experience: 
Vendor Management  
Vendor Rationalization  
Vendor Negotiations