PROFILE:
A results oriented, financial executive with extensive hands on experience in all aspects of public company accounting, administration and reporting, including SEC and financial reporting, consolidations, treasury functions, stock option administration and investor relations. Have served various middle market public manufacturing companies as a Controller, Treasurer or Principal accounting officer. Accustomed to working in lean environments. Hands on knowledge of operational accounting, forecasting, policy development and GAAP reporting.
• Leadership of financial teams across multiple domestic and international divisions.
• Extensive experience with SEC reporting, including 10-K’s, 10-Q’s, registrations, Section 16 reporting, proxy preparation, responses to SEC comment letters, and restatements.
• Experience in buy and sell side due diligence, plus Sarbanes implementation.
• Bank, Private Placement and Lease financing track record.
PROFESSIONAL EXPERIENCE:
Confidential , New York, NY Jan 2007 – Present
Principal
Executive services Firm.
Telecom services company , New York, NY April 2007 - Present
CFO support services
A leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The Company’s portfolio includes value-added messaging, personalized data and content based systems and real time converged billing solutions with annual revenues of $1.5 billion and is traded on the OTC markets
• Assisted financial management in reviewing findings of a Board of Directors Special Committee investigation concerning stock option backdating and other accounting issues. Reviewed 10-K drafts in progress for compliance with SEC regulations. Assisted in review of quarterly financial closes and Board packages. Helped formulate strategy for financial restatement approach and discussions with SEC.
Trading and
Auction Company, New York, NY Jan 2007 - April 2007
Controllership Services
Company is a $150 million publicly traded (OTC) international auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers, with auction houses in three US states, as well as Spain, Germany and Switzerland. In addition, Company is one of the largest private sellers of bullion coins and bullion gold, silver and platinum to the wholesale marketplace with a trading volume of $3 billion.
• Prepared comprehensive restated SEC 10-K document to present three years of restated financial results related to related party revenue recognition issues and discontinued operations. Drafted subsequent SEC 10-Q documents including MD&A. Reconsolidated 20 plus entity financial consolidation, researched, analyzed and supported numerous adjusting entries. Advised client on foreign currency translation and consolidation issues, and interfaced with legal counsel and outside auditors.
Medical Imaging Manufacturer., Valhalla, NY 2003 - 2006
Treasurer and Principal Accounting Officer
An $85 million publicly traded international manufacturer of medical imaging and diagnostic systems and electronic filters and high voltage capacitors used in military, medical, industrial and commercial applications.
Responsible for internal and external reporting and consolidations, corporate general ledger, accounts payable, payroll, domestic working capital management, treasury and risk management functions. Maintained financial policy and procedures manual. Senior financial officer in Company – direct report to CEO. Participated in Board, Executive Committee and Audit Committee meetings and investor conference calls.
• Implemented 13 week rolling cash flow model, enabling Company to manage its credit availability and balance resources in response to changing business conditions. Prepared weekly monitoring memo for BOD and operating presidents. Discussed trends with operating management and managed payables in response to changes in borrowing availability. Developed signature approval limits policy to better manage divisional commitments and expenditures.
• Prepared application for the Company’s transition from the pink sheets to a listing on the American Stock Exchange and responded to listing qualifications questions. Worked with investor relations firm and divisional management to improve quality and frequency of Company’s investor communications and introduce new corporate logo.
• Supported field staff with inventory planning and observations, costing and account analysis. Drafted response to internal audit communications and external auditors’ internal control letters. Led 10-Q disclosure committee conference calls and conference calls with staff. Developed agendas for discussion of financial topics. Trained staff to improve monthly account analysis, by use of EXCEL Pivot Tables. Improved quarterly account analysis package to better support management and external auditors’ review. Drafted SEC documents, responded to SEC Comment letters, and implemented new accounting pronouncements including SFAS 141, Goodwill Impairment and SFAS 123R Stock Option expensing.
SEMX CORPORATION, Armonk, NY 1998 - 2003
Corporate Controller, Secretary and Treasurer
A $75 million NASDAQ listed international Company providing specialty materials and thermal management solutions to the wireless, internet infrastructure and electronics industries.
• Interface with Subsidiary Presidents and Financial Management, Manage Corporate office General Ledger and A/P, Cash and Banking Relationships, Consolidations of Domestic and International locations, Forecasting, Investor Relations, Taxation, Risk Management and Stock Option Plans. Present results at Board Meetings. Chief Accounting Officer responsible for signing all SEC filings, managing external audit relationship and interface with Audit Committee of Board of Directors.
• Reduced Corporate Overhead costs by over $200k and increased output. Supervised 2 person corporate staff responsible for consolidations of 5 domestic and international locations, Corporate general ledger and A/P, management and SEC reporting, cash management and forecasting, Board of Directors packages, Corporate HR , budgeting and forecasting
• Lowered Audit Fees by 30% by better planning with field controllers, developing financial package, and shifting drafting of SEC Financial statements from auditors to corporate staff.
• Completed $15 million bank refinancing, permitting Company to exit former banks workout group, lower interest rates and improve Company’s flexibility to manage its business. Established centralized lockbox/concentration account system, which improved cash management and lowered overall borrowing costs by speeding collections. Established $2 million capital leasing line and $2.4 million gold leasing line to support manufacturing raw material needs
• Coordinated buy and sell side due diligence for acquisitions and divestitures and prepared related SEC Form 8-K and pro-forma financial information. Advised CEO, Board of Directors and senior subsidiary management on reporting, tax and legal considerations of transaction alternatives.
REUNION INDUSTRIES, INC., Stamford, CT 1996 - 1998
Corporate Controller
A $100 million manufacturer of plastic products listed on the NASDAQ.
• Supervised accounting, cash management, budgeting, internal and external SEC reporting and human resources from headquarters location.
• Relocated corporate headquarters from Houston Texas to Stamford Connecticut. Hired staff, set up MAS 90 general ledger package, financial systems and controls for new headquarters location. Established 401K plan, medical benefits insurance and handled risk management.
• Participated in due diligence for acquisition candidates. Provided field support to various divisional controllers. Coordinated external audits and income tax function. Interim controller for Stanwich Partners, an investment banking firm.
TEREX CORPORATION, Westport, CT 1993 - 1996
Assistant Corporate Controller
A Fortune 500 NYSE international manufacturer and distributor of material handling and heavy construction equipment and repair parts.
• Supervised corporate staff responsible for corporate ledger and payables, management reporting, consolidation function and SEC reporting. Integrated a newly acquired Company into Corporate systems and prepared opening balance sheet and purchase accounting for U.S. and French locations. Recommended change to financial reporting software with EXCEL “front end,” which simplified user input. Visited subsidiaries and helped reconcile and improve controls over problem accounting areas. Participated in inventory observations at several domestic locations.
• Prepared registration statements for $30 million Preferred stock and warrant offering. Led EDGAR electronic filing initiative, responded to SEC comment letters on registration statements.
HUNTER ENVIRONMENTAL SERVICES, INC., Southport, CT 1989 - 1993
Assistant Corporate Controller
A development stage environmental company engaged in projects for the disposal of hazardous waste in underground salt dome caverns and industrial park development.
• Prepared 10-K’s 10-Q’s press releases, and pro-forma financial information for two public companies in compliance with SEC and NASDAQ reporting requirements. Managed Corporate general ledger, payables and payroll processes. Installed PC based cash balance reporting system and developed cash forecasting reports. Advised CFO on revolving credit debt covenant compliance issues. Assisted CFO in selling a former subsidiary.
LONE STAR INDUSTRIES, INC., Stamford, CT 1987 - 1989
Supervisor, Financial Reporting
A $1.4 billion producer and importer of cement and a major source of ready-mixed concrete, aggregates and other construction materials.
• Assisted in the preparation of SEC financial statements. Prepared monthly-consolidated operational results and commentary for CFO’s board presentation. Researched current and proposed accounting, reporting and SEC standards. Developed and implemented a program to consolidate financial results for over twenty reporting locations.
KPMG PEAT MARWICK, New York, NY 1983 - 1987
Senior Accountant – Audit Practice
An international CPA firm specializing in auditing, taxation and management consulting.
• Planned, coordinated and supervised staff of two to five on audit engagements of manufacturers, insurance companies, distributors and non-profit entities. Conducted internal control reviews, prepared letters for underwriters and reviewed financial statements, including SEC annual, quarterly and initial filings. Clients included Manufacturers, Non-Profits and financial service firms. Evaluated staff performance at conclusion of Audits.
EDUCATION
BS – Bachelors of Business Administration - Manhattan College, Riverdale, NY
AFFILIATIONS
CPA – NY Member AICPA and New York State Society and Financial Executives International |
