AMBROSE R. PHILLIPS, III.

14509 Clover Hill Ter. h 301-805-4264

Bowie, MD 20720 cell 240-672-8319
Finance Professional
Proven team leader with Domestic and Global Treasury, Risk and Corporate Financi
al Management experience with publicly traded companies in health care, manufact
uring and other industries. Extensive experience in complex business structures
and re organization of business operations. Management strategies have resulted
in cash flow optimization, reduced expenses, improved controls and reduced risk
exposure. Selected strengths include:
* BUSINESS PROCESS & STRATEGY IMPROVEMENT
* P & L MANAGEMENT & COSTCONTAINMENT
* STRATEGIC BUSINESS PLANNING & FORECASTING
* CORPORATE FINANCE & CAPITAL PLANNING
* ENTERPRISE RISK MANAGEMENT & STRATEGIC COST CONTAINMENT
* CASH FLOW & DEBT MANAGEMENT/FORECASTING
* M & A DUE DILIGENCE & CORPORATE INTEGRATION
* GOVERNANCE, SARBANES OXLEY ( SOX) COMPLIANCE & INVESTOR RELATIONS
Hanger Orthopedic Group, Inc. Bethesda, MD
Director, Asst Treasurer and Secretary, Corporate Finance Promoted April 2005 -
Present
Director, Treasury Promoted Nov 2003
Senior Manager, Treasury May 2000 - Nov 2003
Hanger Orthopedic Group, Inc. is a publicly traded company and the premier provi
der of orthotic and prosthetic patient care services. Hanger is the market leade
r operating 750 patient care centers and 4 distribution centers with revenue of
$780M.
* Directed management of multifunctional treasury operation supporting multiple
business units. Designed and implemented treasury operational structure from gr
ound zero including strategic planning and project implementation.
* Critical support of CFO & Treasurer on all corporate finance matters. Represe
nted the Company externally to Financial Institutions including Investment Banks
, Private Equity, Ratings Agencies, Corporate Advisory, Operational Banks and Br
okers.
* Key member of team that successfully negotiated multiple high yield and bank
debt refinancing efforts to include bond offerings ($200M and $175M), revolvers
($100M and $75M), Sr. note offerings ($230M and $175M) and private equity infusi
on via preferred stock ($50M) all of which significantly improved financial cond
ition/results and reduced interest expense.
* Key operating team member leading the development of corporate financial plan
. Developed and monitored operating metrics, business risk, SOX risk and busines
s optimization of finance function. Developed month end financial dashboard repo
rting.
* Key team member establishing strategic and operational plans resulting in EBI
TA growth of 13%, EPS growth of 30%, improved leverage from 5.21X to 2.8X and li
quidity improvement of 30%
* Corporate facilitator and partner to business unit VP's and operations by ana
lyzing financial and operational impact of acquisitions, new business and produc
t lines, system enhancements as well as critical marketing initiatives.
* Instituted Enterprise Risk Management Strategies and Policy. Negotiated $1.3M
in cost efficiencies and $2.5M reduction in claims for losses. Created performa
nce goals and metrics reported quarterly to board of directors and executive tea
m.
* Lead timely planning and reporting for debt obligations, credit revolver and
assurance of financial covenant compliance.
 * Managed cash flow forecast and working capital models. Developed operational
strategies to optimize efficiencies. Operational efficiencies resulted in 44 day
reduction in days sales outstanding and 30 day improvement in working capital d
ays outstanding.
* Key team leader developing infrastructure processes in support of new busines
s and products in addition to moving $200M of durable medical equipment through
4 distribution centers.
* Designed fully integrated ERP system via utilization Treasury Workstation and
Account Management Platform.
US Airways, Inc. Arlington, VA
Global Cash/Business Manager, Promoted June 1998- May 2000
US Airways is a fortune 500 company and the fifth largest publicly traded domest
ic airline serving the US, Canada, Europe, the Caribbean and Latin America with
revenue of $ 9B.
* Managed domestic and foreign cash and operations to include banking structure
and bank relationships. Managed international fuel hedging program. Managed Bus
iness Unit Managers in Latin America, Europe and Far East.
* Provided leadership to ensure business units are aligned with overall busines
s strategy. Lead the integration of corporate operating plan supported by busine
ss unit operating plans. Monitored key operating metrics and variances.
* Implemented Domestic and Foreign Treasury Workstation (Europe, Latin America
& Asia) to improve efficiency and reduce operational cost ($250,000 annually)
* Developed short and long term cash management forecast and investment strateg
ies ($7B volume).
* Managed foreign currency exposure, credit arrangements, letters of credit, fi
nancial risk management, debt management and security arrangements for trade and
financial purposes.
* Developed integrated ERP system to manage FX and commodity (fuel) hedging
US Airways, Inc. Arlington, VA
Sr. Treasury/Financial Analyst Jan 1997 - June 1998
* Managed daily cash positioning for parent company, subsidiaries and foreign s
tations. Average Daily Volume of $80M. Oversaw domestic and foreign accounts.
* Managed and executed company debt services and letters of credit. Interfaced
with lenders, trustees, lessors and developed relationships with commercial bank
s.
* Prepared annual and monthly cash and debt related forecast. Maintained daily
cash reports for CFO and Treasurer.
* Managed foreign currency requirements and exposure. Interfaced with multi-cur
rency banks/Financial Groups and International Clearinghouse. Managed fuel hedgi
ng contracts
Ethyl Petroleum, Inc Richmond, VA
Division Accountant, Finance May 1992 - Jan 1997
Ethyl Corp (now New Market) is a publicly traded company and the parent company
of Albermarle Chemical, Tredegar Plastics and First Colony Insurance with combin
ed revenues of $ 5B.
* Prepared and reported monthly financial statements.
* Formulated gross profit results and inter company profits. Developed revenue
analysis formulation for product lines.
* Responsible for final preparation of operational / consolidated S&A budgets
* Project leader in the development of SAP with a focus on logistics, inventory
and supply chain management.
* Lead efforts in development of metrics for ISO 9000 certification.
* Oversight responsibility of fuel broker relationships in Latin America and Eu
rope.
Reynolds Metals Company Richmond, VA Jan 1987 - April 1992
Treasury/Disbursements Supervisor
Reynolds Metals Company was a publicly company and second leading global produce
r of primary and fabricated aluminum with $8B in revenue. Acquired by Alcoa in J
une 2000.
* Managed Check and Electronic Payment System and time sensitive payments. Fore
casted Corporate Cash Disbursements. ($4 B)
* Managed debt portfolio and commercial paper program of $200M
* Project Leader for the implementation of financial based EDI. EDI reduced ope
rational cost by $650K
* Appointed coordinator of Quality Assurance for Treasury Operations. Improved
departmental efficiency by 25% with cost savings of $550K per year in bank fees.
EDUCATION
BA, ECONOMICS 1986
The Virginia Military Institute (VMI), Lexington VA
University of Maryland MBA Program College Park, MD Anticipated Graduation in 2
011
PROFESSIONAL TRAINING
Harvard Business School, Executive Education:
Advanced Management Program
Strategic Financial Analysis for Business Evaluation
UNC, Keenan Flagler Business School:
Treasury Management Program
LEADERSHIP HIGHLIGHTS
Policy and Compliance Team Hanger Orthopedic Group, Inc.
Strategic Planning and Development Team Hanger Orthopedic Group, Inc.
Mgmt. Team, Strategic Restructuring Hanger Orthopedic Group, Inc
Project Leader, Global Treasury Mgmt. US Airways
TECHNICAL & SYSTEM EXPERIENCE
Domestic & International Treasury Workstations
SAP, Financial, Logistics and Supply Chain Management
ISO 9000 & Quality Assurance
Hyperion
Extensive Lockbox / AR and Disbursement Experience
SOX 404 Risk Assessments