Chip Shields
Financial Executive, Accounting
Hi, I'm Chip Shields. Welcome to my profile!
Chip Shields's Bio:
Chip Shields's Experience:
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Vice President of Finance and Operations at AFFLINK
September 2011 - Present | Tuscaloosa, ALLead all areas of finance and internal operations that include AFFLINK Strategic Accounts administration and development of the AFFLINK Member Development Specialist team. Lead Acquisition Team and responsibility for identification, qualification and communication with target companies.
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Interim/Part-Time CFO at Chip Shields, CPA
October 2007 - September 2011Serving various clients as their interim CFO. Engagements include companies in Property Management, Real Estate brokerage, Online Sports Information aggregator, Online Truck Driver Hiring portal, Regional Outdoor Outfitter retail chain, Packaging Label manufacturer, Small market Newspaper chain.
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Partner at B2B CFO
October 2007 - March 2009 -
SR VP of Finance and Technology at AFFLINK
April 2002 - September 2007Direct all financial and technological aspects of subsidiary of publicly traded company (parent is Performance Food Group), including compliance with Sarbanes-Oxley requirements. Supervise a staff of 32, including 14 in Finance and 18 in Information Technology. Prepare financial projections for forecasted quarterly and annual performance. Construct business models to determine feasibility of venturing into new business initiatives. Negotiated and structured the successful acquisition of a software company.
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Chief Financial Officer at Boone Newspapers, Inc.
May 1997 - April 2002Direct all financial aspects of parent company and twenty-eight entities managed by the parent. Prepare monthly financial analysis of each publication which is used by group managers to identify profit-enhancing opportunities. Administer corporate banking relationships, including the negotiation of loan structure and management of loan covenant compliance. Manage Risk Management program, Employee Benefits program, and relationship with external accounting firm, including engagement scheduling and negotiation of fees. Direct Cash Management of each entity. Includes analysis of weekly cash reports and preparation of monthly cash flow projections. Successfully centralized Accounts Payable process. Build financial projections to determine feasibility of acquisition targets. Successfully negotiated and structured the acquisition of four newspaper publishing companies.
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Chief Financial Officer at Hamilton Plastic Products, LLC
August 1995 - May 1997Two year engagement to create an accounting department and establish best business practices for each team member to adhere to. Hired by Birmingham private equity company. Developed profitability analysis of each product line and geographic customer zone. Information used to eliminate unprofitable products and customers.
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Chief Finanical Officer at Qualitest Pharmaceuticals
February 1994 - August 1995? All financial and accounting responsibilities for this $200 million manufacturer and distributor of generic pharmaceuticals.
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VP - Corporate Banking at SouthTrust Bank
March 1988 - February 1994? Managed commercial loan portfolio of approximately $100 million. Personally developed new loan volume of $60 million in new markets.
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Senior Auditor at KPMG US
December 1984 - August 1987
Chip Shields's Education:
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University of Alabama
1982 – 1984B.S. -
Lipscomb University
1980 – 1982Concentration: Accounting
Chip Shields's Interests & Activities:
NCAA Football Official in the Sun Belt and SEC Conference