Lifestyle

Outdoor

Controller

I am an experienced financial professional with a background in planning, forecasting, budgeting, and foreign exchange. Excel expert. Solid accounting skills. Proven ability to turn good forecasting into inventory reductions.

Responsible for all finance and accounting functions including cost accounting, general ledger accounting, treasury and human resources. Supervise AP and AR.

I started working for Spy Optic on a consulting basis.  In 2005, I brought their hedging program into compliance with FAS 133. In 2006, I was interim controller. I stayed on to work on improving accounting and reporting systems. In 2009, I became an employee. Duties included budgeting, financial modeling, maintaining the relationship with an asset-based lender, cash management and forecasting and various accounting and analysis projects.

•	Kept a substantial line of credit in place despite chronic income statement losses, negative shareholder equity and frequent changes in management.
•	Accounting projects included product line profitability analysis, cost accounting, loan restructurings, deconsolidation of a subsidiary, sales returns reserve analysis.
•	Designed and implemented a sales and margin reporting tool that facilitated analysis of product mix and profitability by user defined market segments.

In October 2012, I took over purchasing.

•	I am not a purchasing professional; I took this job to restore Spy’s solvency. 
•	I simultaneously reduced inventory on an absolute basis, reduced air freight in favor of ocean freight on product purchases and reduced inventory stock outs during a period of sales growth.
•	In my first five months, I took inventory down 20.7% YOY while sales were up 10.6% YOY. Year over year inventory decreases continued throughout my tenure. 
•	Spy's asset based lender has increased both the dollar amount and the percentage advance rate on inventory collateral because of improved inventory quality and improved inventory turnover.

Director of Finance and Planning

Consulting projects including budgeting, foreign exchange hedging, mergers and acquisitions, cash flow forecasting, duty drawbacks
The CFO’s of two of my major clients were former colleagues from Callaway

Consultant

My title changed several times during my tenure (Director of Financial Analysis, Assistant Treasurer, Corporate Treasurer)

•	Corporate Treasurer/Assistant Treasurer: Responsible for lines of credit, bank relationships, hedging, cash forecasting. Implemented foreign exchange hedging programs including FAS 133 documentation and compliance. Excellent trading record. Hedged both balance sheet exposures and anticipated transactions (cash flow hedges).

•	Director of Financial Analysis: Responsible for budgeting, KPIs, special projects. 2 MBAs reported to me. Budgets integrated the projected balance sheet and projected income statement into one model. Spearheaded a cost of manufacturing/volume analysis that led to a major reduction in the selling price of irons and a major increase in iron market share.

Corporate Treasurer/Director of Financial Analysis

Find out detailed information about Ken Gueldner, Controller in Oceanside, CA

Ken Gueldner: Controller in Oceanside, CA

Ken Gueldner

Permlight Products

Spy Optic

Self Employed

Callaway Golf Company

San Diego State University