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Darrell Stice
Controller - Finance Director - Financial Analysis & Reporting - Budgeting & Forecasting - Cost Accounting - P&L - GAAP
Professional Background
Darrell Stice is a seasoned Controller and Finance Director with over a decade of rich experience in finance and accounting. His expertise spans various sectors, allowing him to adeptly manage financial strategies and operations while adhering to GAAP standards. Darrell has made significant contributions to enhancing financial reporting and analysis, leading to substantial profitability and operational improvements within the companies he has served. Through his role, he has successfully fostered meaningful partnerships with various stakeholders, including departments, customers, vendors, and team members, on both regional and global scales, ensuring a cohesive approach to achieving long-term business objectives.
Throughout his career, he has honed his skills in delivering comprehensive financial systems and establishing robust accounting processes that not only comply with regulatory standards but also optimize performance. His leadership includes providing significant insights and driving initiatives that enable organizations to reach their financial goals.
Education and Achievements
Darrell's educational background is solid, holding both a Master of Business Administration (MBA) and a Bachelor of Science in Business Administration (BSBA) in Finance from the University of Louisville. This rigorous academic training has equipped him with a profound understanding of financial principles and practices, forming the bedrock of his successful career in finance.
In his role as Operations Controller at Boral Windows, LLC, and previously as the Director of Finance at Fischer Connectors, Darrell demonstrated remarkable capability in financial management and strategic leadership. He has excelled in various key areas, including financial reporting, budgeting, forecasting, and variance analysis.
Key Accomplishments
Darrell's career is marked by impressive achievements that reflect his capability as a finance leader. Noteworthy accomplishments include:
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Revenue Growth: By analyzing customer data and segmenting them into tiered pricing groups, Darrell's strategic approach resulted in an exceptional increase in revenue exceeding $1 million.
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Cost Savings: His innovative foreign exchange hedging strategy saved the organization more than $600,000 over three years, demonstrating his proactive approach to risk management and cost control.
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Operational Efficiency: Darrell pioneered the generation of a detailed sales forecast by product line, contributing to savings of $540,000. His insight into forecasting and sales trends positions organizations advantageously in the competitive landscape.
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Financial Reporting Improvement: Darrell implemented an advanced reporting structure that positively impacted financial outcomes with a remarkable improvement of over $1.5 million, showcasing his ability to combine financial acumen with innovative thinking.
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Accountability and Timeliness: His commitment to process optimization is evident in the seven-day reduction achieved in the month-end close process, reinforcing his dedication to meeting internal and external deadlines while improving overall operational efficiency.
Core Competencies
Darrell brings a comprehensive skill set that covers a wide range of financial and accounting functions. His core competencies include:
- Financial Systems: Deep expertise in developing and managing financial systems that align with business objectives.
- Accounting Processes: Aptitude for evaluating and enhancing accounting cycles to maximize efficiency and effectiveness.
- Financial Reporting & Analysis: Proficient in creating reports that provide insightful analysis crucial for decision-making.
- GAAP Standards: Firm understanding of Generally Accepted Accounting Principles, ensuring compliance across financial statements and reporting.
- Financial Audits: Skilled in preparing and managing audit processes, securing transparency and reliability in financial operations.
- P&L / Budgeting & Forecasting: Capable of leading budgeting and forecasting initiatives that align with strategic goals and financial health.
- Variance Analysis: Expertise in tracking variances to make informed recommendations for improving financial performance.
- Product & Job Costing: Knowledge in determining product costs and job costing models to drive profitability.
- General Ledger / Month-end Close: Adept in managing general ledger activities and ensuring timely month-end close procedures.
- Accounts Receivable / Accounts Payable: Proficiently overseeing AR/AP processes to maintain financial stability.
- Process Optimization: Committed to continuous improvement of financial processes for optimal performance.
- Team Leadership: Strong team leadership skills that foster collaboration, performance, and accountability.
Darrell is consistently on the lookout for opportunities where he can apply his rich knowledge and extensive experience in finance. He invites inquiries from organizations seeking a Controller or Finance Executive to lead their finance functions and help achieve their strategic financial goals. For potential opportunities, he can be reached via email at dsstice00@gmail.com or by phone at 770-363-5083.
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