Charles Arnold
Mobile,AL
Summary
Professional with board of director experience in strategic planning and evaluation and in a regulated industry. Evaluating results for future business growth and maximizing investor returns. Experience in working for and with companies that have gone through bankruptcy, declining revenues and problematic debt causing growth to be restrained.
Overview
23
23
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Aberanthey Holdings, LLC
06.2021 - Current
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Advised other executive leaders on strategies and intelligence to form relationships, understand current performance and set agenda for execution.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Developed future financial plans to inform critical decision-making related to spending cuts, rightsizing labor force and timing planned business investments.
Board-director
National Security Group, Inc.
05.2017 - 07.2022
- Evaluated financial reports thoroughly, helping to make informed decision as to needed actions on debt and strategic decisions on exiting business segments.
- Collaborated with fellow directors to develop long-term strategies that aligned with company objectives and shareholder expectations.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Strategic evaluations on future growth of business under then current business model in heavily regulated industry.
- Worked with investment brokers to determine which companies were suitable candidates for acquiring company.
- Evaluated offers from suitable candidates with other directors to acquire and determining which offer to accept.
Assistant Controller
Church's Chicken
06.2011 - 12.2021
- Supervised and assisted in accurate, efficient completion of monthly financial reporting packages.
- Completed journal entries, reconciliations, and account analysis to prepare monthly financial documents and general account management.
- Supervised the credit department which collected royalties, franchise fees and development fees from international and domestic franchises.
- Worked with international operations, international development and general counsel office on issues dealing with franchisees contracts, international withholdings, exchange rates and international foreign exchange process and procedures.
- Implemented process improvements leading to increased productivity within the finance department.
- Implemented ASC 606 which established new GAAP reporting for franchise and development agreements and maintained those accounts.
- Collaborated with external auditors to ensure compliance with debt covenants and successful completion of audits.
- Assisted in implementing new accounting software systems, improving data accuracy and reducing processing time.
Advisory Board Member
National Security Group, Inc
05.2016 - 05.2017
- Established strong relationships with key stakeholders to foster collaboration and promote a shared vision for organization's future success.
- Assisted in development of long-term business strategies, ensuring sustainable growth and profitability.
Accounting Manager
Coastal Administrative Services, LLC
06.2004 - 06.2011
- Achieved timely financial reporting through diligent preparation and analysis of monthly, quarterly, and annual reports.
- Reduced discrepancies in financial data with thorough account reconciliations and adjustments.
- Collaborated with other departments to achieve accurate and prompt financial reporting.
- Led team of accounting professionals in achieving department goals while fostering an positive work environment.
- Enhanced financial accuracy by implementing streamlined accounting processes and procedures.
- Generated monthly and quarterly financial statements for executive review.
- Developed and implemented various procedures to improve accounting process.
- Streamlined month-end closing procedures resulting in reduced processing time without compromising accuracy or completeness of reports generated.
Staff Accountant
CPA Firms
12.2001 - 05.2003
- Prepared and filed tax returns to summarize transactions of calendar year and comply with laws and regulations.
- Assisted in wide variety of audits as required by law and regulations.
Education
MBA - Accounting
Troy State University
Troy, Al12.2001
BBA - Accounting
Troy State University
Troy, AL12.2000
Skills
- Accounting principles
- Strategic financial planning
- Reporting skills
- Strategic Planning
Certification
Certified Public Accountant
Timeline
Chief Financial Officer
Aberanthey Holdings, LLC
06.2021 - Current
Board-director
National Security Group, Inc.
05.2017 - 07.2022
Advisory Board Member
National Security Group, Inc
05.2016 - 05.2017
Assistant Controller
Church's Chicken
06.2011 - 12.2021
Accounting Manager
Coastal Administrative Services, LLC
06.2004 - 06.2011
Staff Accountant
CPA Firms
12.2001 - 05.2003
MBA - Accounting
Troy State University
BBA - Accounting
Troy State University
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