Senior Executive - CFO

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Position
Senior Executive - CFO
Location Confidential
Yes
Willing to Relocate
Yes
Industry
Financial-Banks-Commercial/Retail&CreditCards
Function
FINANCE--CFO/Control/Acctg./Treas./Tax,etc.
Compensation
$200,000 to $400,000

Resume Summary
CFO with 25+ years of global experience with proven success in leading domestic and international finance teams. Energized management style, capable of resolving multiple and complex issues in sales, operations, finance, legal and HR.

Resume Body      SENIOR EXECUTIVE - CFO

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Senior-Level Executive * Financial Management Professional
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Executive Profile

Senior-Level Executive with 25+ years of global experience with proven success in leading finance teams both domestic and international. Consistently employ an energized management style, utilizing financial analysis skills, organizational abilities, team approach and vision. Influence business decision-making by providing relevant and impactful financial information and effective controls and compliance. Impact results through financial analysis, cost control, and personal leadership, motivating staff to peak performance. Superior interpersonal skills, capable of resolving multiple and complex issues in sales, operations, finance, legal and human recourses.

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Career Achievements

• Led two companies’ efforts in highly successful, international multi-billion dollar IPO's.
• Twice established IPO readiness, including Sarbanes Oxley readiness, monthly controls, compliance and results reporting and finance team’s preparedness to drive results in a monthly results driven environment.
• Led Latin American division out of 2001-2003 Argentina credit crises, preventing $100 million investment loss.
• Implemented Activity Based Costing in Europe, leading to process improvements of $40 million in 2 years.
• Managed $130 million and $20 million debt restructuring of two companies.
• Led financial processing centralization efforts in Europe, Latin America and India, realizing cost savings up to 40%.
• Created Finance Leadership Transformation program in Europe, which had a dramatic impact on efficiency, moral and customer delivery. This successful program was copied by the global organization and rolled-out worldwide.

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Areas of Knowledge and Expertise

• Strategic planning and organizational leadership.
• Strong communicator of financial results to senior managers and board of directors.
• Contract negotiations & strategic alliances.
• Corporate Finance: IPO readiness, equity capital and debt raising and/or restructuring.
• Leading change initiatives and cost control programs.
• Process design and productivity improvement.
• Team building and performance improvement.





Professional Experience

Cynergy Data, LLC June 2008 - Present
Chief Financial Officer New York, NY
Credit card processing and merchant acquiring company with sales of $150 million and equity value exceeding $300 million. Executive officer responsible for financial planning, capital raising, treasury and controllership functions.
• Restructured $130 million of debt with a 4-bank consortium.
• Lead due diligence effort to raise $75 million of venture capital.
• Established cash management program improving working capital efficiency to free up cash for investment.
• Renegotiated contracts to reduce $1.5 million of on-going costs and/or improve services (audit, insurance, travel management and 401k management).
• Lead and develop a 12 person financial team.

Trinsum Group Advisory and Marakon Consulting April 2006 - May 2008
Chief Financial Officer New York, NY
Global Advisory and Consulting company operating in NY, London and Singapore with approximate revenues of $120 million. Responsible for all finance and administrative functions.
• Reduced operating costs by $15 million through, staff reductions, real estate closings, operating expense reductions and staff utilization improvements.
• Completed the acquisition of a risk management and investment advisory company.
• Managed the people integration, cost synergies of $12 million, and related SEC, NASD and other statutory filings.
• Managed company in a workout situation for 14 months.
• Renegotiated $20 million bank debt and covenants, aggressive cash management techniques and implemented restructuring programs to reduce costs.
• Led and developed a 20 person financial team in NY, London and Singapore.

MasterCard International March 2003 – April 2006
Chief Financial Officer (July 2005 – April 2006)
Global Advisors Division Purchase, NY
Senior financial officer of the global consulting services division. Responsible for all finance functions, including; acquisitions, pricing, financial planning, cost control and management information.
• Established SOX compliance, financial systems implementations and financial control metrics for division growing 30% annually. Established changes in Europe and Advisors divisions required for Company’s IPO in 2006.
• Created Finance team and systems in support of consulting objectives and financial metrics.
• Integrated consulting practice acquisitions, aligning systems, cultures and business measurements.
• Responsible for international hedging, tax strategies, international assignments and compliance.
• Developed leadership attributes and financial performance mindset for 22 finance professionals.

Chief Financial Officer (March 2003 – July 2005)
Europe Division Brussels, Belgium
Responsible for the strategic planning, M&A, controllership, and product pricing functions for European region with $700 million of revenues. Success was accomplished by developing a Pan-European financial team to influence the business and establish a SEC environment.
• Responsible to the Europe BOD and executive management team for communicating Europe’s performance and financial health, as well as running all financial processes and SOX readiness.
• Responsible for product pricing, acquisitions, and a $300 million marketing budget.
• Created leadership development program instilling excellence in leadership behaviors in the finance.
• Represented Company at the Senior Open in Northern Ireland.
• Led and developed a 60 person financial team across, Belgium, Italy, Spain, Germany and UK.

American Express Company Jan 2001 – March 2003
Chief Financial Officer – Latin America Division Miami, FL
Responsible for the Latin American Finance organization, a region with $350 million in revenues and $120 million net income and growing at 40% per annum. Directed financial planning, investment process, controllership, tax and, treasury functions:
• Managed division through 2001/02 Argentina financial crisis preventing $100 million investment loss.
• Outsourced financial transaction processing to India, reducing costs by 40%.
• Implemented balance sheet hedge strategy for Argentina and Brazil lending operations in a severe currency devaluation environment of 40-70%.
• Led and developed a 40 person financial team located in Miami, Mexico, Argentina and Brazil.

John Hancock Financial Services June 1999-Jan 2001
International CFO Boston, MA
Senior international finance officer for businesses in, China, Southeast Asia, Europe and Latin America. Transitioned all international business units to a public stock company (IPO) readiness level. Responsible for all international banking, actuarial, investment, external audit, and regulatory filings:
• Led development effort of startup joint venture in Shanghai, China with $100 million in sales in year one.
• Led the International Division through the company’s conversion from a Mutual company to an SEC registrant. Implemented new reporting systems and management controls for compliance with SEC and U.S. GAAP regulations. Supported the Company’s IPO road shows in preparation of its stock issuance.
• Initiated unit cost reduction for Southeast Asia subsidiaries and joint ventures, reducing costs by 36%.
• Led and developed a 20 person financial team located in Boston and Singapore

American Express Company Nov 1987 – June 1999
Chief Financial Officer (July 1997 – June 1999)
European Operations London, UK
Financial executive for the European Operating Center, with a total cost base of $300 million and 3,000 employees and consisted of: centralized back-office processing, telephone services centers and risk management services, in ten European countries.
• Implemented Activity Based Costing, resulting in process improvements of $40 million in two years.
• Supported a $25 million in-sourcing business, creating flexible customer pricing models.
• Implemented Excellence-In-Leadership program for Finance group.
• Led and developed a 12 person financial team in the UK.

Chief Financial Officer (July 1994 - July 1997)
Southern Europe Frankfurt, Germany
Responsible for all Finance functions for Germany, Switzerland, Austria and Greece. Combined area represented $300 million in revenues and $1.3 billion in assets. Directed centralization of back-office finance functions to UK, resulting in staff reductions of 53% and the elimination of $6 million in costs annually, including $0.6 million of real estate costs.
• Integrated German market Travel acquisition, increasing revenues by $100 million.
• Centralized purchasing function and supplier contracts, saving $2 million annually.
• Member of management team working with German Workers Council, negotiating costs savings.
• Restructured a 120 person financial team to a 40 person team across, Germany, Switz., Austria & Greece.

Financial Director/Manager (Nov 1987-July 1994)
Financial Planning, Analysis & Reporting New York, NY/London, UK
• Director of Europe Business Planning, in London, with revenues of $1 billion and 20 underlying markets.
• Led financial consolidation group that implemented a new worldwide financial consolidation and reporting system.
• Various financial planning, consolidation and planning roles for $billion Travel Related Services segment.



Other Work Experience (additional information upon request):

Mickelberry Corporation – Assistant Controller, New York, NY (1985-87)
W. R. Grace Corporation – Financial Product Line Manager, New York, NY (1983-85)
Ernst & Young – Audit Group, Mew York, NY (1981-83)


Education

MBA, Finance, Fordham University, New York, NY (1985)
BBA, Accounting, Pace University, New York, NY (1981)
CPA- New York, NY (1990)
Harvard Business School Executive Education Program, Boston, MA (2004)


Affiliations

Financial Executives International
Financial Executives Networking Group
American Institute of CPA’s
New York State Society of CPA’s

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