WILLIAM B. RATLIFF
6100 Richmond Avenue
Houston, TX 77055
Business: (281) 555-5847
Home: (281) 555-8441
Chief Financial Officer / Controller
for emerging market companies. CPA/MBA with an established record of success in significantly growing enterprise value. Experienced in budgeting, planning, M&A, SEC reporting, investor relations, information systems, tax and treasury. Background includes extensive public accounting (Price Waterhouse) and major corporate (GTE)
experience. Industry specializations in technology and telecommunications.
QWEST INTERNET SOLUTIONS (Houston, TX)
A subsidiary of Qwest Communications International ( Formerly Ibex CMT
1997 to Present
Vice President and Controller
Responsible for the integrity of financial
information and systems for this full service Internet solutions provider. Recruited and
trained staff and upgraded financial and administrative infrastructure to meet the
requirements of a publicly traded NASDAQ listed technology company experiencing 110%
annual revenue growth. Responsibilities include budgeting, forecasting, financial planning
and analysis, financial accounting, public reporting and SEC compliance, management and
business metrics reporting, tax, treasury and all general accounting functions.
- Ensured compliance with public reporting requirements in Icons
successful Initial Public Offering (IPO) of common stock raising $38.5 million. Assisted
in preparation of "road show" and related briefing materials. Simultaneously
managed financial resources through severe cash austerity and extended IPO offering
- Converted general ledger system to Lawson 7.0, entirely
redesigning system of accounts, budgeting units, reporting formats, controls,
procedures and source documents. Assigned budgeting responsibility to over 60 new
- Implemented the first annual budget. Orchestrated budget process
with all departments and senior management concluding in the presentation of a final
budget approved by the CEO and Board of Directors.
Implemented weekly forecasting of
financial results versus
the budget and Wall Street's quarterly and annual
SYSTEMS INTERNATIONAL (Norwalk, CT)
1994 to 1997
Vice President Finance and Chief Financial Officer
Comprehensive responsibility for all aspects
of financial performance for this rapidly growing NASDAQ listed high-tech enterprise
including financial and management reporting, budgeting and planning, treasury, tax
compliance and management information systems. Prepared and presented forecasts and long
term financial plans to the Board of Directors. Maintained relations with lenders,
shareholders, outside analysts and the financial community.
- Raised $100 million of high yield debt in 1997, $12 million of
common stock on the London Stock Exchange in 1996 and $12 million of preferred stock
in a 1995 private placement. Participated in the marketing "road show" and
orchestrated all due diligence efforts.
- Worked closely with chief operating and chief executive officers in
developing a strategic rationalization of operations reducing expenses by over 30%.
Realized significant savings in facilities, insurance, telecommunications and travel
- Leading role in the implementation of a project accounting system
designed to track costs by major business issue and cross-functional project.
Identified previously unquantified customer acquisition costs and over $1 million of
"hidden" costs in engineering research projects. Developed procedures,
controls and management reports.
- Re-engineered the closing process to accelerate by two weeks the
issuance of the quarterly earnings release, monthly management reports and SEC
GTE CORPORATION (Stamford, CT)
1990 to 1993
Director Financial Accounting Policies
Primary technical advisor to GTE companies
worldwide in financial accounting and reporting matters. Worked closely with business unit
controllers on earnings issues critical to annual budgets and strategic plans. Recommended
to senior management the method and timing of implementing new accounting standards.
Created GTEs accounting policy for numerous complex and technical issues.
- Researched and advised management on critical accounting issues involved in major
new transactions including GTEs $6.1 billion pooling with Contel and the $1.5
billion divestiture of GTEs electrical products line of business. Reviewed all
strategic requisitions and significant capital expenditures prior to Board of
- Directed Corporate Accountings preacquistion reviews including the
privatizations of the Venezuelan and the Mexican national telephone companies.
Reported to senior management on the financial accounting issues and other budgeting
and operational implications to GTE.
- Championed break through adoption methodology to facilitate regulatory recovery of $2.9
billion charge for post retirement benefits (FAS 106). This adoption approach became
the industry standard.
- Managed a department of nine professionals responsible for preparing the public
reports of GTE Corporation and reviewing the financial statements and filings of
GTEs SEC registrants. Ensured compliance with generally accepted accounting
principles and applicable federal regulations. Prepared annual reports for benefit
and pension plans pursuant to ERISA.
PRICE WATERHOUSE (Morristown, NJ)
1978 to 1990
Senior Audit Manager
Planned and directed audit and special professional services to
domestic and multinational clients in various
industries. Active in the recruitment,
training and career development of professional staff.
- Senior Manager in charge of the firms audit and professional
services to Sony Corporation of America at the time of Sonys explosive
growth through headline entertainment acquisitions. Reported to US Chairman on
preacquisition reviews and other confidential special projects.
- Oversaw all aspects of the firms professional services to Western
Union during its multi-billion dollar reorganization. Motivated engagement team during
this complex and protracted financial restructuring described by The New York Times
as one of the most troubled in corporate history. Responsibilities required interfacing
with investment bankers, prospective buyers, outside counsel, bankruptcy attorneys and
- Planned and conducted initial audit of a new joint venture between Macmillan
and McGraw-Hill. Assisted the parent companies in the resolution of formation
accounting issues and a difficult dispute over publishing assets to be contributed.
Reported the results of a preacquisition review directly to the chief executive. This
acquisition established the joint venture as the largest schoolbook publisher in the
- Served as office chairman of the performance evaluation and review
committee of professional staff. Drafted the annual report and presented its findings to
the partners for purposes of compensation recommendations and career mentorship.
REYNOLDS METALS COMPANY (Lodi, NJ)
1975 to 1977
INSTRUMENTATION ENGINEERING (Franklin Lakes, NJ)
1974 to 1975
Inventory Control Specialist
MBA, Accounting and Taxation, Fairleigh Dickinson University (Teaneck, NJ)
BA, History, Rutgers College (New Brunswick, NJ) 1973
Certified Public Accountant, American Institute of Certified Public Accountants, 1980
Member, Financial Executives Institute, 1994-Present
Author, Foreign Exchange Accounting, contributed to
"International Financial Management:
A Handbook for Finance, Treasury and Accounting