425-679-6563
email: adamk@adamking.com
Over 18 years of hands-on finance experience in high profile corporate
finance positions since receiving an MBA from Texas A&M. Experience in
corporate finance ranging from work at world-wide corporations (including Disney
and EMI Records) to public and private start-ups. Worked in and responsible
for:
|
· Financial Planning & Analysis · Financial Reporting · Budget Development · M&A / Deals / JVs · Strategic
Planning |
· Productivity
Improvement · Cost Reduction & Avoidance · System Development · Cash Management · Inventory Management |
· Accounting/GL
Management · Mktg
Expenditure Planning · Staff Selection & Development · · Royalties |
PROFESSIONAL EXPERIENCE
- Conducted corporate financial consulting for a number of large and small clients.
-
Developed integrated financial business
forecasting models and developed/analyzed business plans and presentations.
-
Analyzed operations and obtained
competitive bids for a client resulting in savings of over $850k per year
-
Acting Controller for Altered
Images Design, Inc
-
Created accounting and reporting
systems for startup clients with integration of sales and expense data from
eBay, PayPal, Google Merchant, etc. This greatly reduced the time required to
maintain their financials and provided them with greater detail and tools with
which they could better analyze the business and keep track of inventory.
-
Developed new childrens
educational product, obtained TM, Copyrights, UPC registrations, completed CPSC
compliance testing, manufactured product in China, had product shipped to US
and marketed it.
Finance
Director: Planning & Analysis
-
Responsible for Treasury, Financial Planning, Budgeting and Insurance. Managed staff of eighteen.
-
Responsible for short and long term forecasting, budget analysis, cash
forecasting and bank covenant projections.
-
Advised executive team of measures necessary to stay in compliance of bank
covenants and improve EBITDA.
-
As a result of these actions the Company was able to revise their debt
requirements.
- Conducted corporate financial
consulting for a number of large and small clients.
- Developed extensive integrated pharmacy business development / planning and Budget models used in the Strategic Planning of the Company.
- Responsible for all internal and external financial reporting, GL and cash management and developed accounting policies and procedures
- Responsible for Business Affairs, Human Resources and IT Project Management
-
Acting Controller for the Performing Arts
- Reconciliation and improved reporting on restricted vs. unrestricted funds
- Developed Pledge Payments NPV and Bad Debt Reserve Calculation model
- Conversion/upgrade of ADP payroll system
- Adjustment of pension contributions based on new union contract specifications
Vice
President of Finance / Controller
- Responsible for all financial aspects of the Company including Strategic Planning
- Direct responsibility for staff
in Finance, Accounting, Royalties, Inventory, AP/AR and A&R Administration.
- Selected/implemented new
accounting (MAS 90) and Royalty systems and spearheaded system conversions
- Developed reporting &
control systems for Album Recording, CD Production, Marketing, Inventory and
G&A
- Responsible for month-end close
and reporting to corporate.
- Implemented new
- Developed weekly and monthly
management reporting.
- Recommended, directed and completed
the consolidation of labels greatly reducing overhead expenses
Director,
Financial Planning & Analysis
- Responsible for the financial
planning, M&A, deal analysis, budgeting and reporting of the company.
- Developed a comprehensive
phased marketing budget system
- Developed an extensive monthly financial
management reporting book.
- Reduced the monthly inventory cost by over
75%, saving the Company $200k per year. Developed initial
production quantity review process, saving the Company over $500k per year.
- Responsible for the financial planning, analysis and reporting of the company.
- Responsible for the development of company budgets for P&L, Balance Sheet, and Cash Flow.
- Automated and improved accuracy of many of the financial reporting and forecasting functions through GL downloads and integrated spreadsheet/database models.
- Developed Executive Financial Management Books and reduced publishing time to within 3 days of close.
- Developed Album Production Scheduling System, greatly improving efficiency and reducing time to bring albums to the market
FINANCIAL
CONSULTING,
- Financial consulting with MCA
Records corporate finance.
- Developed a
Release Profitability System (Visual FoxPro), which allowed for the automated
tracking of the profitability of every release in the catalog of a record
company.
CAPITOL
RECORDS (part of EMI Music),
- Responsible for financial
planning, analysis and reporting of the label (forecasts, budgets, reporting actuals).
- Artist, licensing, production,
label, joint venture, and distribution deal analysis, as well as artist/release
profitability.
- Responsible for the development
of pricing for all special packages, box sets and videos.
- Developed a database based
system in which sales could be reported and analyzed through downloads (by
configuration, release, artist, repertoire) for the 1,500 active releases of
the Company.
- Enhanced the extent of
reporting and reduced the time required to produce the monthly financial
reporting Management Book from over three weeks to less than one.
INTERNATIONAL TECHNOLOGY
CORP.,
CAPITOL RECORDS (part
of EMI Music),
Manager
of Marketing & Promotion Financial Administration
Senior
Financial Analyst
EDUCATIONAL BACKGROUND
MBA, in Finance & International Marketing -
BS,