Michael Moreland
Chief Operating Officer
Houston, TX
Work Experience
Chief Operating Officer
August 2011 to July 2012
Senior manager in charge of and accountable for all finance, accounting, operations and human resources of this medical imaging company acquired in March 2011 by private equity firm Baymark Partners (www.scanspecialists.org).
Certified Public Accountant
August 2010 to August 2011
Provide tax, accounting, consulting and recruiting services to businesses and individuals.
Chief Financial Officer
February 2006 to August 2010
Senior executive with the responsibility, accountability and authority for all accounting, finance, tax, treasury, insurance, banking and equipment financing for this $60 million lighting equipment sales and rental company (www.christielites.com). Reporting to the company founder, owner and Chief Executive Officer and supervising a staff of 18 in Canada and the U.S., executed accounting department restructuring and consolidation from 8 locations to 2.
• Improved efficiency of accounting operations by simplifying chart of accounts, consolidating and outsourcing payroll and executing the implementation of and compliance with standard flowchart procedures for all accounting, finance and internal audit tasks in accordance with department policies and practices.
• Generated $300,000 tax benefit from optimizing 2008 bonus depreciation of equipment purchases.
• Generated all rental revenue commission reporting and determination of annual sales force compensation.
• Led accounting conferences and maintained daily contact with multiple levels of all departments to support communication and control of 5 and then 2 accounting centers and 11 warehouse locations.
• Extensive travel to Toronto, Dallas, Seattle, Vancouver and Calgary to provide coordination and leadership on various projects and initiatives.
• Led all financial reporting and tax returns - in direct contact and coordination with lenders and outside accounting firms.
Account Executive
June 2005 to January 2006
Leveraged strong communication and interpersonal skills with clients and candidates and effectively cross-sold other lines of business (www.rhi.com).
Finance Director
December 2002 to May 2005
Finance leader of the in-flight entertainment wholly-owned subsidiary of JetBlue Airways (www.livetv.net). Brought this acquired business into the public company reporting environment of JetBlue and built finance and accounting team and processes from the ground up to support profitability and rapid growth of the business.
• Recognized for outstanding execution, teamwork, dedication and perseverance - quickly promoted to Finance Director.
• Responsible for all financial reporting, planning and analysis to include special projects and full financial statement quarterly reviews with the CEO of JetBlue. Also accountable to JetBlue Corporate Controller and CFO.
• Supervised finance and accounting team of 8 using MAS 90/200.
• Conducted financial forecasting, analysis and review of customer proposals and contracts during negotiation process and worked closely with legal counsel during this process.
• Led annual operating budget and business planning - drove planning and performance to plan.
• Evaluated all capital expenditures and BOM costing of aircraft system installations.
• Led development, preparation and review of internal reporting packages to three LiveTV Vice Presidents - monitored and communicated financial impact of daily operations.
• Implemented, managed and conducted physical inventory process for inventory and fixed assets.
Corporate Controller
April 2001 to November 2002
Supported the financial survival of this manufacturer and distributor of aviation ground support equipment (with affiliates: Tesco Equipment Corporation and Cargo Line Corporation), after terrorist attacks of September 2001. Primary markets were South America, Latin America and the Caribbean (www.flitelineusa.com and www.tescohilift.com).
• Financial forecasting and analysis - Eliminated significant annual overhead expense with restructuring after manufacturing operational cost-benefit analysis.
• Tax remittance, reporting, compliance and strategy - state and federal, all S-Corporations, 2 IRS audits.
• Perpetual inventory accounting and control - Great Plains system environment.
Finance Manager and Contract Administrator
August 1998 to April 2001
August 1998 to April 2001
Financial lead of team winning $458 million ground support equipment production and support contract for the United States Air Force: the Halvorsen Air Force Loader (www.jbtcorporation.com). Winner - FMC Technologies 2000 Tony Award for Outstanding Sales Team of the Year.
Financial Analyst
April 1995 to August 1998
Implemented award-winning e-commerce sales force automation financial system (www.saralee.com). Winner - Lotus Notes Beacon Award for Excellence, January 2000.
Education
MBA in Finance
1996
BSBA
1994
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