CHIEF FINANCIAL OFFICER or VP OF FINANCE
Serving as VP of Finance, I played an integral role in the growth of a privately owned (private equity), heavily leveraged, startup company growing from the first acquisition to over $100 million in three years.
Recruited primarily for my acquisition and integration skills, my responsibilities rapidly changed to primarily a finance function, including debt management, FP&A, treasury, financial reporting, benefits administration, acquisition and pricing analysis and a six month assignment as acting corporate controller.
PRIVATE EQUITY OWNED ENTITY
Northern Virginia
Jul 2005 to present - Vice President, Finance
Feb 2005 to Jul 2005 - Acting Corporate Controller
Jun 2004 to Feb 2005 - Director, Operations and Integration
Primary responsibility for debt covenant compliance and reporting (private equity, heavily leveraged start up) acquisition feasibility determination and integration, treasury function implementation and administration, company FP&A development, internal and external financial reporting and employee benefit, insurance and bonding procurement. Company revenues exceed $100 million with 15 operating entities. Finance organization comprises 30 employees. Key highlights and accomplishments:
Played key role preparing large debt offering and subsequent refinancing.
Stepped in to perform corporate controller duties for six months in 2005 due to unexpected turnover. Dramatically improved the company’s financial reporting performance despite an extraordinary shortage of people. “Rescued” the 2004 audit.
Developed and administered a proprietary budgeting system that integrated into the company’s accounting software.
Developed a proprietary acquisition and contract pricing model that was used to determine the feasibility of potential acquisitions and to evaluate and price various service opportunities ranging from a single service operation to a comprehensive and vertically integrated service operation. The model was used to determine capital purchase requirements, to estimate operating costs of the various operations and to evaluate the investment feasibility based on return criteria.
Designed, implemented and negotiated terms for a purchasing card program with an unsecured credit line of $2 million, annual expenditures in excess of $12 million and a six figure annual rebate.
Arranged financing on operating capital and rail cars.
Managed all bank relationships.
Secured company bonding (primarily performance and construction bonds).
Prepared monthly reporting package for Board of Directors with both financial and operational data; prepared and presented annual budget package to the Board.
Procured all company insurance policies, including workers compensation, property, auto and truck, rail car, storage tank, pollution, umbrella and excess liability.
Negotiated and procured company benefit plans.
Served as 401K administrator, overseeing census testing, plan compliance, annual Department of Labor filings and annual audit; served as one of three plan trustees.
Administrated federal and multi-state tax reporting and compliance, including federal, multi-state, benefit plans, property and sales/use taxes.
MULTI STATE DIVISION OF A US MULTINATIONAL CORPORATION
Western US
Jan 2003 to Jun 2004 - Manager, Financial Controls & Analysis
Feb 2001 to Dec 2002 - Multi-Division Controller
Sep 1999 to Feb 2001 - Division Controller
Controller for a $100 million annual revenue multi-division area covering Utah and the Western half of Colorado with 12 unique, geographically separated service areas and 10 direct reports. Key accomplishments:
Over a three year period, reduced staff by 50% and eliminated overtime through implementation of streamlined work processes and improved task management.
Served on various companywide ad-hoc committees, typically made up of approximately 30 people to evaluate design plans for various projects (e.g., FP&A process, budget, PeopleSoft design, A/R system development)
Developed all pricing plans and evaluated all potential acquisitions.
Implemented PeopleSoft as part of an accounting system conversion.
DIVISION OF A US MULTINATIONAL CORPORATION
Western US
Mar 1996 to Sep 1999
Marketplace Controller
Hands on controller for a $125 million annual revenue marketplace with seven separate reporting entities. Supervised 7 direct reports with a dotted line responsibility for an additional 16. Key accomplishments and responsibilities:
Key member of the negotiating team (four members) responsible for successfully obtaining a 10 year, $1 billion (revenue) contract extension. Prepared and presented all financial information to executive leadership (CEO, CFO, COO).
Implemented SAP as part of an accounting system conversion.
Responsible for the annual submission of multi-year revenue requirement forecasts to four different governmental regulatory agencies.
Generated stand-alone audited financial statements each year to meet local regulatory requirements.
Represented the company at public hearings.
Prepared public bid requests.
MUNICIPAL CONSULTING COMPANY
Western US
Jan 1996 to Mar 1996 - Senior Manager
Oct 1992 to Dec 1995 - Senior Associate
Oct 1989 to Oct 1992 - Associate Financial Analyst
Planned and performed over 100 financial consulting engagements, primarily with state and municipal agencies. Responsibilities also included preparation of proposals and presentations to potential clients, supervision and training of staff, preparation of reports and presentation materials, and presentations to companies, clients and city councils. Analysis experience includes the following:
Evaluation of rate applications, including multi-year projections of revenues and expenses;
Evaluation of comprehensive services bids;
Evaluation of capital project budgets, including construction projects;
Performance of statistical audits and time and motion studies;
Development of rate structure alternatives and rate adjustment models;
Preparation of Request for Proposals for municipal services;
Evaluation of a productivity monitoring system;
Analysis of an enterprise fund cash flows;
Preparation of contracts; and,
Litigation support to two cities.
PRICE WATERHOUSE
Western US
July 1987 to October 1989
Staff Accountant
Audited accounting systems and prepared financial statements and notes for private and public companies in various industries, including cable television systems, high tech manufacturing, office equipment manufacturing, oil and gas, retail and toxic waste disposal.
Prepared financial statements and notes, prepared 10-K statements for annual SEC filings and assisted in the preparation of 10-Q statements for quarterly SEC filings.
Participated in analyzing the purchase accounting issues related to determining the market values in several potential and actual mergers and acquisitions.
EDUCATION:
Bachelor of Science, Accounting |
