Eric Foerster
  • Founding Partner of VIP

managing candidate recruitment and business development for management consulting.

  • 20+ years of recruiting experience in the DFW market

specializing in accounting and finance search & staffing.

  • Experienced in staff augmentation and contract recruitment

to meet long-term or short-term needs of your business.

AREAS OF FOCUS

ROLES

  • Operations Finance forecasting and planning for $125M of spend

  • Operations Controller responsible for cost accounting functions

  • Served as finance representative on 4 divestiture diligences, and 4 acquisitions
  • Managed SEC reporting and audit for 1 annual report and 2 quarterly reports

  • Managed business combination of 10 properties with 50 producing wells
  • Implemented 13 week cash flow forecasting

  • Implemented receivables collection council to improve DSOs.

  • Developed bottoms up plan and forecasting process

PROJECTS

  • Acquisition Consulting – Working Capital Settlement Dispute resulting in recovery of $43.2M

  • Risk Consulting – Quote to Cash Process Improvement identifying cash conversion cycle deficiencies for three separate business pillars collecting $5M of unbilled receivables.

  • Finance Consulting – Leader of Logistics Freight Lane and Import Tax Optimization projects identifying $4M (cash) of recoverable taxes ($2.4M EBITBA)
  • Acquisition Consulting – Working Capital Settlement Dispute resulting in recovery of $2.5M
  • Acquisition Consulting – Working Capital Dispute defense of $19.2M claim
  • Accounting Consulting – Close process optimization 60 day close to 5 day
  • Accounting Consulting – Controlled mid month, stub period close for $2B acquisition
  • Accounting Consulting – Directed accounting team of 10 FTEs and 3 consultants

  • Implemented new ERP system and policies and procedures

  • Finance Consulting – Managed annual plan & forecast during growth ($80M to $250M) of annual revenues