Darrin Carlson
Champlin
Summary
Senior executive offering over20 years of experience building, leading, and advising companies through financial and operational analysis, treasury and risk management, managerial accounting and internal and external reporting. Accomplished in structuring transactions and terms with commercial banks. Excellent leader with a track record of contributions leading to improved financial performance, increased productivity, and enhanced internal controls. Experienced with strategic planning and driving organizational growth. Utilizes collaborative leadership style to foster team success and achieve company objectives. Track record of managing complex stakeholder relationships and enhancing operational efficiency.
Overview
34
34
years of professional experience
1
1
Certification
Work History
Chief Executive Officer & President
Prospect Foundry, LLC
07.2013 - Current
- Company Overview: $20+ million, manufacturing company that provides complex cored iron castings in low to medium volumes
- Full financial statement responsibility
- Established Key Performance Indicators and accountability
- Improved on time delivery from50% to90% in6 months
- Reduced scrap from10% to5% over3 months
- Implemented new surcharge for metal and energy with an annual revenue increase of $150K to $200K
- Selected and implemented new payroll system for160 employees, which saved the company approximately $100K annually
- Outsourced IT function reducing cost by $50K annual while increasing uptime
- Established new banking arrangement to reduce audit fees and interest rate which saved the company $100K
- Secured state grant for Team Building worth $60K
- Created financial reporting package that is used by the foundries within the private equity group
- Selected and implemented new ERP system which was on budget and on time
- Implemented marketing effort to create a new logo and website
- Implemented new IT servers, VOIP telephone system, & Disaster Recovery System
- Vice President of Finance & CFO, May2011 to July1,2013
Director of Finance
ATEK Management Company, division of ATEK Companies, Inc.
06.2006 - 05.2011
- Provide financial leadership to manufacturing companies with revenue in excess of $170.0 million
- Manage multiple entities’ internal and external reporting including: audit, tax, insurance and bank relationships, treasury management, corporate income and sales tax, payroll and risk management
- Member of the Senior Executive Leadership Team
- Secured $15.0 million in refinancing for companies
- Restructured $10.0 million credit facility and treasury management system which saved the companies $300K
- Reduced outstanding letters of credit by $1.0 million
- Reduced workers’ compensation cash collateral requirements by over $700K
- Converted entity from an accrual to a cash basis deferring income tax of $800K
- Utilized passive losses saving the owner approximately $1.0 million in tax
- Identified an inventory issue that resulted in a recovery in excess of $500K million
- Responsible for creating and maintaining executive compensation program
- Reorganized family of companies’ corporate structure
- Member of the Mergers and Acquisition Team and Employee Benefit Team
- Conducted an internal control assessment of operating companies
Director of Finance
Progress Casting Group, Inc., division of ATEK Family of Companies
07.2004 - 06.2006
- Provided financial leadership to a $65 million manufacturing company
- Managed internal and external reporting, banking and audit relationships, cost accounting, accounts receivable and payable, general ledger, income and sales tax and payroll
- Served on the Executive Leadership Team developing strategic plans to meet company goals
- Secured $12.0 million in financing for company expansion
- Negotiated a new line of credit and long-term debt agreement
- Developed monthly reporting package for executive and management team
- Controller, June2001 to July2004
Finance Manager
Acrometal Management Company, division of Acrometal Companies, Inc.
06.1998 - 06.2001
- Prepared the analysis of operating companies’ financial results for executive management
- Managed corporate insurance program and payroll for the entire organization, and assisted operating companies with special projects
- Incorporated Activity Based Costing at several operating companies
- Developed a methodology to allocate workers’ compensation and insurance premiums to the operating companies based on claims and risk
- Reviewed and properly classified employees into workers’ compensation class codes that resulted in an overall savings to the operating companies
- Proposed and implemented a human resource system to reduce the time needed for the annual open enrollment process for benefits
- Initiated and filed for recovery of sales tax exceeding $200,000
Internal Audit and Process Improvement Manager
Merrill Corporation
06.1997 - 06.1998
- Developed and maintained internal audit programs to evaluate whether financial and operational effectiveness was achieved, and corporate policy was followed
Senior Accountant
Malloy, Montague, Karnowich, Radosevich & Co., P.A.
08.1995 - 06.1997
- Supervised audit engagements, reviewed and prepared tax returns, and special projects
- Accountant, October1992 to August1995
Accountant
Elm Creek Financial Services, Inc.
12.1990 - 10.1992
- Prepared financial statements, payroll, and tax returns
Education
B.S. - Accounting
Mankato State University
Mankato, Minnesota05.1991
Skills
- Operations Management
- Strategic Planning
- Staff Development-Promotion
- Key Performance Indicators
- Balanced Scorecard
- P&L Management & Budgeting
- Change Management
- Treasury
- Taxation
- ERP Implementation
- Cash Management
- Mergers & Acquisitions
- Team Building
- Internal & External Reporting
- Pricing & Product Costing
- Organizational leadership
- Executive leadership
- Risk management
- Staff management
- Operational leadership
- Strategic planning
- Organizational growth
- Project management
- Strategic visioning
- Operating budgets
- Ethical leadership
- Administrative leadership
- Process improvements
- Financial management
- Relationship management
- Negotiation
- Operations management
- Business development
- Data-driven decision making
- Productivity performance
- Change management
- Mergers and acquisitions
- Cash management
- Profit & loss
- Investor relations
- Capital expenditures
- Marketing
- Cost breakdown analysis
- Budgeting and cost control
- Crisis management
Certification
- Certified Public Accountant (inactive),1992
- Professional Associations
- AICPA
- Minnesota Society of Public Accounts
- AFS
Accomplishments
- Turned around underperforming $20 million manufacturing company, reduced breakeven point by $800K per month, implemented KPI’s and accountability, controlled spending, increased productivity, reduced scrap, increased on time delivery, and while building a winning team.
- Implemented ERP system on time and within budget, lead the team through the change process. The company is now the showcase for the ERP Company.
- Increased productivity through process improvement, by reducing cost of the administration processes by at least25%.
- Improved financial reporting, by better understanding operations, and providing the data necessary to make better business decisions.
Timeline
Chief Executive Officer & President
Prospect Foundry, LLC
07.2013 - Current
Director of Finance
ATEK Management Company, division of ATEK Companies, Inc.
06.2006 - 05.2011
Director of Finance
Progress Casting Group, Inc., division of ATEK Family of Companies
07.2004 - 06.2006
Finance Manager
Acrometal Management Company, division of Acrometal Companies, Inc.
06.1998 - 06.2001
Internal Audit and Process Improvement Manager
Merrill Corporation
06.1997 - 06.1998
Senior Accountant
Malloy, Montague, Karnowich, Radosevich & Co., P.A.
08.1995 - 06.1997
Accountant
Elm Creek Financial Services, Inc.
12.1990 - 10.1992
B.S. - Accounting
Mankato State University
Similar Profiles
LeAnn RidlesprigerLeAnn Ridlespriger
Lab Technician at Prospect FoundryLab Technician at Prospect Foundry
Amanda EnrightAmanda Enright
Program Director at Prospect Heights Community Living Center LLCProgram Director at Prospect Heights Community Living Center LLC
Lawson ToomerLawson Toomer
Controller at Prospect Title Insurance Agency LLCController at Prospect Title Insurance Agency LLC
Andrew HollingsworthAndrew Hollingsworth
Student Assistant at University of MinnesotaStudent Assistant at University of Minnesota
Kat MattsonKat Mattson
Merchandiser at Cold Front DistributionMerchandiser at Cold Front Distribution