EXECUTIVE SUMMARY:
CFO… CONTROLLER… Financial leader with comprehensive experience using productivity improvements, expense management and introducing alternative business solutions to expand bottom line profits. Skilled in the conceptual design of financial systems and the re-engineering of business processes in the service, construction and pharmaceutical industries.
PROFESSIONAL EXPERIENCE AND SELECTED ACCOMPLISHMENTS
Ft Lauderdale, FL 2005-Present
$160 million manufacturer of mattresses with seven operating plants in North America.
Vice President - Controller
Direct and coordinate all internal and external financial reporting, accounting, tax, and the annual financial plan. Staff of 6; three direct.
Des Plaines, IL 2000-2005
$1 billion fleet leasing and services company with more than 250,000 vehicles under management.
Corporate Controller
Direct and coordinate all internal and external financial reporting, accounting, tax, and the annual financial plan. Staff of 50; nine direct.
• Saved $4 million in annual costs and increased volume purchasing discounts $5 million by introducing a formal budgeting and management reporting program.
• Sourced and implemented software, automating the quarterly financial management reporting, reducing the process time from 45 days to 25 days.
• For the first time, identified profitability of all leasing components by implementing an activity based income statement.
• Enhanced the account reconciliation process, reducing reserve requirements by $1.7 million.
• Saved $475,000 in annual salaries and benefits by redefining department responsibilities and personnel.
• Designed financial business model, bringing the company’s $260 million closed-end portfolio in compliance with FAS144.
• Reduced closing process from 30 days to five days by reorganizing staff assignments.
• By restructuring the audit process, reduced time to complete quarterly external audit review by 50%.
Buffalo Grove, IL 1985-2000
$1 billion manufacturer, installer and servicer of building control systems for commercial buildings.
Controller - Field Organization (1996-2000)
Responsible for all internal financial, accounting and planning activities supporting 120 branch offices in the U.S. and Canada. Staff of 20; seven direct.
• Reduced time required to provide monthly financials to management from 15 to five days by implementing web-based management reporting.
• Improved average monthly cash flow $500,000 by replacing antiquated DOS software with state-of-the-art Oracle accounts receivable software.
• Implemented new contract review process, identifying an additional $10 million in risk, subsequently establishing necessary reserves.
• Designed and delivered a financial training program to 600 employees over twelve months to reduce employee down time and improve job knowledge.
• Performed financial due diligence and integrated three U.S. and Puerto Rico acquisitions.
• Implemented a web-based tool that reduced semi-annual planning cycle time for 120 branch offices from eight weeks to four weeks.
Finance Manager - Facilities Management Service (1990-1996)
Directed and coordinated the financial, accounting and administrative activities for a start up facility management services division. Staff of three direct; eight indirect.
• Identified new funding sources to provide $50 million of long term, off balance sheet financing.
• Implemented division’s first standardized financial operating procedures.
• Developed flexible financial systems to meet each client’s unique requirements.
• Created standardized contract templates to expedite negotiations and reduce the cost of training staff.
Finance Manager Worldwide Distribution (1985-1990)
Directed and coordinated the administrative, accounting and planning functions for domestic (including wholesalers, distributors and OEMs) and international distribution channels, joint ventures and Hong Kong office.
• Reduced DSO 45 days by developing and implementing an incentive based customer payment program.
• Prepared financial models for the divesture of a business unit, coordinated the due diligence and final transition to new owner.
Skokie, IL 1980-1985
Supervisor of Corporate Consolidations (270 subsidiaries); Senior Financial Analyst; Cost Accountant
Deerfield, IL 1979-1980
Staff Accountant
EDUCATION:
MBA (Finance), Keller Graduate School of Management, Chicago, IL 1987
Bachelor of Science (Accounting), Northeastern Illinois University, Chicago, IL 1978
CERTIFICATIONS AND MEMBERSHIPS
Certified Public Accountant 1988
Member: Illinois CPA Society |
