Pro-active, results-oriented Financial Executive with 19 years of experience in all aspects of financial reporting (internal and SEC), budgeting and forecasting, business analysis, mergers and acquisitions, capitalization and financing, and general accounting |
Pro-active, results-oriented Financial Executive with 19 years of experience in all aspects of financial reporting (internal and SEC), budgeting and forecasting, business analysis, mergers and acquisitions, capitalization and financing, and general accounting.
EXPERIENCE
April 1988 to May 2006 Loews Cineplex Entertainment New York, NYVice President, Financial Reporting & Planning
Promoted to the level of Vice President in December 2003 for one of the largest movie exhibitors in the world, with revenues and assets exceeding $1 billion. The Company has interests in both the domestic and international exhibition marketplaces.Financial Reporting/Accounting/Budgeting and Forecasting
· Supervise and manage all activities and functions of the financial reporting department including internal and external reporting requirements (e.g., required SEC and bank compliance reporting). Work closely with independent auditors to coordinate annual audit.· Actively involved in the preparation of materials used in the communication of business matters to the Company’s Board of Directors, including financial monthly and quarterly financial performance reporting and transaction memoranda.· Preparation, coordination, consolidation and analysis of annual budgets and five-year plans both domestic and international.· Team leader for the successful implementation of the PeopleSoftAccounting and General Ledger system and the internal development of an enterprise-wide “Executive Information System”.· Experience with complex accounting issues (e.g., Purchase accounting, asset impairment testing, guarantor/non-guarantor, lease accounting, revenue recognition).· Preparation of Sarbanes-Oxley internal control documentation. Mergers and Acquisitions· Intimately involved in all Company M&A activities, working closely with senior management, legal counsel, financial advisors and auditors. Experience with due diligence processes, business valuations and financial analysis of target companies.ü Key player in January 2006 merger transaction between Loews and AMC Entertainment ü Key player in July 2004 sale of Loews to Bain Capital, the Carlyle Group and Spectrum Equity Investmentsü Actively involved in May 1998 merger between Loews and Cineplex Odeonü Actively involved in the acquisitions of equity interests in joint ventures in Spain and South Korea.Financing and Capitalization· Key player in the development of bank books and presentation materials used to syndicate various credit facilities.· Experienced in the preparation of registration statements for public equity and debt offerings: circulars relating to privately placed debt and related Forms 144A and S-4, with respect to subordinated debt offerings. Key player in the preparation of “road show” materials.· Key member of team responsible for the restructuring of the Company’s financing under Chapter 11. Participated in the development of business plans, budgets and financial statements used by the banks, creditor’s committee and equity investors in evaluating alternatives for a successful restructuring.· Specific projects include the following:ü $730 million revolving credit facility – July 2004ü $315 million private placement of subordinated notes and subsequent exchange offer – July 2004ü $60 million “DIP” facility and $140 million “exit” facility used to restructure the Company’s debt under Chapter 11 – February 2001 through March 2002ü $750 million revolving credit facility – May 1998ü $100 million initial public equity offering – May 1998ü $300 million private placement of subordinated notes and subsequent exchange offer – May 1998Other Positions and Promotions
Controller, Financial Reporting & Planning 1998-2003 Manager of Financial Reporting & Planning 1995-1998Assistant Manager of Financial Reporting 1992-1995Manager of Advertising/Film Accounting 1990-1992Senior Accountant 1988-1990
September 1986 to April 1988 New York Life Insurance New York, NYReal Estate Accountant
· Account analysis for various real estate accounts.· Preparation of income statements for various real estate investments.· Responsible for year-end reporting requirements.
EDUCATION New York University – College of Business and Public AdministrationBachelor of Science, Accounting, May 1986
PROFESSIONAL AFFILIATIONS Member of New Jersey State Society of CPAsMember of AICPA |
