1. BRUCE W. FISCHER, MBA
(206) 618-8345 cell brucef@foxinternet.net
Professional Summary
Financial Manager with a MBA and over 10+
years’ experience.
Experience in private and public accounting.
Initiated and monitored company budgets and forecasts.
Highly motivated, a self-starter and hands on with a high
degree of integrity.
Modified financial statements from a history
report to a management tool with results
presented in a timely manner.
Successfully operated departments with a management
style that always resulted in cost reductions and/or
improved efficiency within the company.
Implemented numerous computer and cost
system improvements and upgrades.
Restructured banking, risk management, receivables and
payables policies to generate more cash for the company.
Professional Experience
Consultant/Controller to Manufacturing and Aircraft Repair Company(s) October 2012 to Present
Worked with implementing MAS200 from MAS90 and set up new inventory system
Set up Inventory, Sales, Work Order and Shipping Modules
Supervised input of over 17,000 hardware items. (established Units of Measures and accurate counts)
Worked with outside auditor to successfully pass first inventory audit.
Audited internal systems with improvement suggestions
Improved monthly closing procedures with more detailed reconciliations and explanations of variances.
Improved SOX reporting and eliminating exceptions.
Worked with inventory reports including setting up LIFO and other reserves.
Improved daily management reporting on Sales, Profit and Inventory adjustments
QCM Manufacturing Company (Company was sold and moved to North Carolina) July 2008 to Nov 2011
CFO/Controller - Responsibility for the accounting, finance, payroll, IS, customer service and HR functions.
Implemented Annual Budgets with monthly analysis and reports.
Enhanced company financial statements with key metrics showing pertinent analysis.
Implemented real time - on line inventory balances, accurate valuation of inventory and inventory analysis.
Reorganized banking for better rates and greater access to funding.
Negotiated payables procedures increasing terms with no penalties.
Accomplishments
Improved Sales tracking, Payables, Payroll and Receivables systems with significant cost savings.
Revised policy manuals and HR procedures including 401K and implemented PTO (Personal Time Off) plan.
Reduced receivables by over $300,000 and implemented credit policy and requirements.
Updated accounting and manufacturing programs resulting in more accurate and timely information. Great Plains
Cargo 360, Inc. (SeaTac, WA) (Company merged with Southern Air and moved corporate office to CT) May 2007 to June 2008
Airfreight Company (maintained and operated 747 aircraft)
Corporate Controller - Responsibility for the accounting, finance, payroll, and human resource functions.
Managed audits with severalgroups – KPMG, government and internal.
Integral part of team that re-structured the Corporation with the purchase of new subsidiary and 9 planes.
Designed and presented a monthly financial package for the Board of Directors.
Accomplishments
Part of the team that researched and completed the merger of Cargo 360 and Southern Air.
Streamlined accounting process and procedures. QuickBooks and Great Plains
Implemented computerized payroll processing with ADP and fixed asset recording system.
2. Photoworks, Inc. (Seattle, WA) (Company sold to American Greeting - Corporate office moved to TX) May 2006 to May 2007
Public Internet photo processing company
CFO - Responsibility for the accounting, finance, payroll, IS, purchasing and human resource functions.
Organized and setup the annual Company Reports, SEC Requirements and Stock Holders meeting and presentation.
Integral part of the team that raised significant capital through debentures,bank financing and additional stock sales.
Designed monthly analysis reports, resulting in significant cost reductions and improved revenue and customer base.
Prepared contracts for new partner companies to expand the marketing of products.
Implemented forecasts and projections which led the Company to altering its focus.
Accomplishments
Brought the accounting/finance department from an un-auditable situation to completing a satisfactory audit
Changed company to new more professional and understandable accounting system.
Set up a Human Resource department and added a Company Policy Manual that was compliant with all State and
Federal regulations.
Made company compliant with GAAP,including section 123.
SCS Refrigerated Services, LLC (Algona, WA) (Ownership and management changed with new investors) Oct 2004 to May 2006
Major Cold Storage Warehouse with various locations
CFO/Controller - Responsibility for the accounting, finance, payroll, purchasing and human resource functions.
Designed and implemented budget and bonus program with monthly meetings including operation managers to
discuss results.
Implemented weekly cash forecasting tools to increasing cash utilization and visibility with the management team.
Accomplishments
Established measurements for profitability of customers resulting in 11% increased profits
Reduced monthly financial presentation by 6 days with metrics and performance measuring results.
Set up divisional reporting and accountability resulting in significant cost savings
American Package Express and Consulting Practice (Kent,WA) (Regional Headquarters moved to CA) May 2000 to Oct 2004
Division Controller – Transportation and Courier Company $200,000,000 in Revenue
Restructured the department to provide timely performance measuring and pertinent accurate reporting.
Established cost analysis and auditing throughout the company.
Implemented first budget including monthly analysis and comparison.
Implemented MAS90 Conversion
Consulted clients including Space Labs, Inc. and J&S Holding Company. (Manufacturing company) primarily 2004.
Accomplishments
Set up divisional reporting and accountability resulting in significant cost savings of over $300,000.
Reorganized drivers routes eliminating 20% of duplication and increasing delivery speed.
TEAM MARKETING (Seattle, WA) Oct 98 to May 00
CFO/Controller – Manufacturing Representative Company
Reduced cost significantly (over 19%) with improved plans for insurance and communications.
Primary contributor to financing, agreements and legal documents for purchase of major competitor.
Wrote the company policies and procedures manual and implemented internal controls.
Set up procedures for paying tax in 8 states and improved MAS90 accounting systems.
Accomplishments
Reduced past due receivables by over $180,000 and improved reporting from 2 months delay to timely reports
Managed sale of one CA State company and purchase of anotherWA State company.
Restructured and improved 401K plan resulting in increased participation with lower company cost.
Implemented a full companywide budgeting and forecasting system.
3. BILLYMCHALE’S CORPORATION (Tukwila, WA) Jul 1997 to Oct 98
Controller - 12 Full Service Restaurants - Responsibility for all accounting and finance.
Accomplishments
Implemented controls resulting in the discovery and termination of three employees for misuse of assets.
Member of team that raised $1 million for a new restaurant utilizing long term financing and debentures sales.
Reorganized department that had been without an active Controller for over 9 months.
Reduced time of financial statements by 4 days plus increased presentation of pertinent information.
Negotiated with suppliers getting substantially betterterms with over $300,000 additional available funds.
RESTAURANT SERVICES, INC. (Seattle, WA) Feb 1994 to Jul 1997
CFO/Controller - 6 Full Service Restaurants - Responsibility for the accounting, finance and HR functions.
Accomplishments
Updated all Corporation computers and accounting systems.
Implemented first companywide budgets and forecast.
Negotiated insurance contracts resulting in more coverage and savings of over $155,000 annually.
Redesigned financial statements showing strengths and weakness that resulted in restructuring restaurants.
Negotiated with main food supplier for new contract resulting in savings of over $500,000 annually.
Enhanced internal controls and policies that eliminated employee thefts and improved management control.
Improved employee benefit packages that resulted in reduced turnover.
FISCHER AND ASSOCIATES (Tacoma and Port Orchard, WA) Nov 1983 to Feb 1994
Established and operated a public accounting, consulting, payroll and tax firm. Clients with sales up to $15 million.
Specialized in working with local growing business.
Aided businesses in operations, banking, cash management, and marketing and risk management strategies.
Consultant for Corporations, Franchises, Franchisees and Partnerships.
Performed numerous management and financial audits for clients resulting in improvements in their operations.
Adviser for business expansion (one company increased revenues 400%) including profitability and financial
returns, market site research, human resource policies, audit policies and training of staff.
Prepared Corporation, Partnership and Individual state and federaltax returns and represented them in audits.
Education
Master ofBusiness Administration. DePaul University, Chicago, IL
Major: Finance Minor: Management and Computer
Bachelor ofArts University of Washington, Seattle, WA
Major: Accounting Minor: Information Systems (MIS)
Continuing Education
Accounting Updates, Cash Flow, Budgeting, Cost Accounting, FASB, Financial Management, Auditing, Computer
Modeling and Forecasting, Federal Tax Updates
Other Activities
Teaching Phoenix University - Accounting and Finance
City University and Olympic College (Professor,Part Time)
Accounting, Business Law,Marketing, Management,Human Resources and Finance