Katherine J. Lutz 21W035 Hampton Lane, Lombard, IL 60148 630-200-4440 kl122d41e@westpost.

net PROFESSIONAL SUMMARY Financial executive with successful background of planning and managing initiati ves to improve finance, accounting and operational processes. Solid history of adapting to changing business conditions and creating accurate, useful and timel y financial reports and analysis. Especially skillful at identifying opportunit ies for improvement, translating into specific objectives, creating project plan s, securing consensus, and managing through to completion. Proven ability to im plement financial and technology tools to support business operations, deliverin g significant and sustainable efficiencies and cost reductions. Extensive professional skills and experience, including: * * * * * * * * * * Financial Planning, Analysis & Forecasting Improving Processes, Procedures & Productivity Managing Expense Budgets & Capital Expenditures Producing Accurate Financial Statements & Reports Coordinating Sales Tax Reporting & Reconciliation Negotiating Contracts with Vendors & Suppliers Implementing IT/HR/Payroll/Benefits Systems Minimizing Financial Risks & Exposures Analyzing Insurance Coverage & Premiums Controlling Costs & Boosting Profits

Technical knowledge: MS Office products (Excel/Word/Access); Windows-based payr oll applications (ADP) and accounting applications; Sales Force Automation software; Windows wholesale d istribution accounting software; and IBM general ledger/accounting software. Professional Background Anasco, Inc. dison, IL ($8MM distributor, construction/industrial products) 2002 - 2010 Ad

-- Controller * Managed a staff of accounting, customer service and operations personnel. Res ponsible for daily activities to ensure accurate daily billing, faster collectio n activity, vendor payments, higher customer satisfaction ratings, and operation s daily commitment to cost containment. * Negotiated a favorable ruling with the state government on a sales tax audit. Secured a significant refund and reduced future liabilities, avoiding future ov er-payments. * Led a corporate team in developing and analyzing a capital expenditure project for a service-based repair application for on-site construction companies requi ring immediate repairs. Developed a plan detailing cost outlays, resulting in r ejection of the plan due to anticipated negative gross profit of the project. * Negotiated new insurance policies and/or coverages. Premium analysis and nego tiations resulted in reducing total insurance costs by $8,000 annually.

* Evaluated computer networking needs. Implemented an internet-based sales tran saction program expanding domestic and international exposure and boosting inter net sales by $27,000 in the first quarter of 2010. * Managed the introduction of a payroll direct deposit program, including employ ee savings accounts. Improved employee morale and streamlined the transfer of o perating cash to the payroll account. * Coordinated a cost analysis program for office purchases. Results included ve ndor accountability, lower administrative expenses, and a positive employee team building response. * Implemented an automobile fleet cost containment program. Standardizing appro ved purchases reduced variable costs, resulting in an overall lower expense for company cars.

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(Anasco, continued)

* Managed credit activities of the sales staff. Established formal procedures f or credit extensions, profit margin approvals, and commission tracking on all ac counts. Results included streamlined sales reporting. * Created automated reporting for employee benefits administration. Provided tr aining for employees on new health care carriers and available services, resulti ng in higher employee productivity. * Implemented direct connection of on-line banking transactions. Provided a spr eadsheet analysis of cash position for senior management, allowing informed anal ysis to evaluate new product line acquisitions and growth. * Organized and developed a management team to evaluate vendor purchasing. Deve loped policies and procedures for overseas container purchases, resulting in sta ble cash flow analysis. ProQuip, Inc. LaGrange, IL ($5MM distributor & manufacturers' rep, instruments) 1989 - 2002

-- Controller * Managed conversion of a non-compliant Y2K accounting system to Windows-based w holesale distribution software. Eliminated a financial disaster, since the old software became non-operational January 1, 2000. * Designed and wrote Microsoft Excel financial statements to supplement system-p roduced canned reports. Comparing current to historical results, these statemen ts provided a solid basis for identifying future opportunities or obstacles. * Developed annual expense budgets, identifying areas of opportunity for savings and cost reductions. Reduced overall expenses and boosted cash flow. VCS, Inc. ($25MM manufacturer, Motorola control systems) Carol Stre

am, IL -- Assistant Controller

1987 - 1989

* Created a tracking system for manufacturing inventory movement. Developed spr eadsheet analysis to identify location of jobs in process, resulting in reductio n of allocations to scrap, shrinkage and obsolescence. * Designed spreadsheet analysis for accounts receivable and accounts payable. D etailed reports for subsidiaries of VCS resulted in assessments of viability of its sister companies. Tekno, Inc. ($5MM distributor, photographic equipment) 1985 - 1987 Chicago, IL

-- Accountant/Accounting Manager * Managed staffs for Accounting and Customer Service. Oversaw daily billings, r econciliation of AP/AR, resulting in higher accuracy of general ledger accounts through completion of financial statements. * Coordinated a sales tax audit for the state of New York, resulting in procedur es to avoid future tax liabilities.

Education & Training Bachelor of Arts - Accounting, Aurora University, Aurora, IL, 1985. Additional training in leadership skills, negotiating techniques, employment law , commercial insurance, HR administration & benefit plans, overview of mergers & acquisitions, and IFRS rules.