Increasingly responsible financial management positions including Controller, VP Corporate Development and CFO. Successful in manufacturing, service, domestic and international environments. Strong proven abilities in Leadership and Problem Solving. Accomplishments in financial reporting and control, financial and strategic planning, M&A activities and operation improvements. CPA and MBA certifications.
Experience and Accomplishments
AMERICAN BIOCARE INC. Troy, MI 2011- Present
Home Health services company specializing in episodic nursing care. Operations include agency locations in Michigan, Texas and Tennessee. Revenues for aproximately $30 Million. Private equity backed.
Chief Financial Officer
Responsible for all financial areas, Human Resources, Billing and IT. Report to President and CEO.
"Developed financial reporting capabilities incorporating financial data from multiple platforms. Initiated weekly dashboard metrics reporting to monitor operations and billing activities.
"Led financial integration activities for multiple acquisitions including system implementations on electronic medical records, staff reductions, treasury management and risk management programs.
"Actively involved in acquisition diligence and negotiation. Directed purchase accounting activities for multiple transactions as well as negotiating post- closing settlements.
"Implemented initial cash management system and analytics in order to consolidate cash and improve cash forecasting process.
COMPSAT TECHNOLOGY Southfield, MI 2005- 2011
A $40 Million consulting/professional services firm and distributor of IT hardware and software in the data networking and storage market. Privately held.
Chief Financial Officer
Responsible for all financial areas, Human Resources, Purchasing and IT. Report to President.
"Improved financial reporting in terms of timeliness, quality and usefulness of operating management.
"Worked with technical team to develop product/service offerings incorporating proprietary software programs to manage client environments. First year sales exceeded $500,000.
"Developed time reporting system to provide visibility to consultant utilization and project profitability.
"Expanded use of Microsoft ERP system to automate order processing and quote preparation.
OMNICARE, INC. Livonia, MI 2002 2004
Leading company involved in providing pharmacy and consulting services to nursing home and assisted living organizations. Total corporate sales $6 Billion. Operations include manufacturing and distribution.
Division Chief Financial Officer (2002 - 2004)
Senior financial executive for a $600 Million region which includes 15 operating locations. Responsible for all IT and financial activity including payroll, payables, financial reporting, budgeting, and reimbursement. Report to President. Staff of approximately 50.
"Led integration of major acquisition including eight additional operating sites of which six sites were closed and operations merged into existing locations. Savings exceeded $300,000.
"Responsible for establishing compliance for Sarbanes Oxley legislation in the Division.
"Improved contract review and renewal process to increase visibility of impact of new pricing structures.
"Drove 15% reduction in Accounts Receivable levels through improved follow-up and accelerated adjudication on electronically billed Medicaid and third party business .
AMSTED INDUSTRIES, Chicago, IL 2000 2002
Diversified manufacturer of nine divisions with significant market positions as a supplier to the Automotive(Tier 1 and Tier 2 Divisions), Rail, construction and building industries. Sales $1.8 billion.
VP Financial Planning and Development ( 2000 2002)
Establish Planning and Budget process for all operating entities. Responsible for all merger and acquisition activity for the corporation. Lead due diligence, valuation activities and contract negotiation. Manage relationships with Investment banking firms and other consultants.
"Managed portfolio analysis study to identify restructuring options to increase value. Implemented recommendations included divestiture of one business unit and three smaller product lines. Initiated first annual strategic planning reviews.
"Successfully completed sale of non-core operating division.
CLOPAY CORPORATION, Cincinnati, OH 1996 - 2000
A Diversified manufacturer and distributor of consumer products and products for industrial customers with leading market positions in the Building Products and Specialty Plastic Film industries. Annual sales of $900 million.
Corporate Controller (1998 2000)
Responsible for Financial Reporting, Payroll, Accounts Payable and Plant Controllers at eight manufacturing locations and including international consolidations. Also responsible for Internal Audit and Reengineering. Managed staff of 25.
"Led implementation of Oracle financial modules for Credit and FP&A departments.
"Implemented timely monthly reporting package with financial metrics and performance measures which enhanced the evaluation of business performance and improved decision making. Responsible for reporting for preparation of SEC financials.
Directed start up of internal audit function. Hired staff and developed audit plans and risk assessment of over 45 operating locations
Treasurer & VP Corporate Development (1996 1998)
Responsible for Financial Planning and Analysis, Credit, Treasury, Bank Relationships, Tax and Risk Management for US and foreign operations. Also responsible for Merger and Acquisition activities. Managed total staff of 30.
"Managed Oracle implementation for Credit and Collection and Financial Planning areas.
"Led numerous acquisition/divestiture transactions including valuation, due diligence, negotiation and integration. Deals included domestic and international transactions and Joint Venture start-up and accounted for over $150 million in annual revenues.
"Developed consolidated cash flow forecasting methodology including International operations.
BOOTS PHARMACEUTICAL CO., Lincolnshire,IL 1986 - 1995
Global pharmaceutical division of Boots Company Plc, a multi billion diversified retailer and manufacturer headquartered in the UK. Annual sales of the US subsidiary were approximately $500 million. Business was sold to BASF/Knoll Pharma in 1995.
Director Financial Planning and Development (1988 1995)
Responsible for Budgeting, Strategic Planning and Financial Analysis activities as well as Corporate Development.
"Implemented automated forecast/budget system which improved accuracy and turnaround time.
"Directed financial analysis and research to develop framework for significant co-marketing alliance put in place to support launch of new product.
"Directed major plant rationalization study and presented to Executive Committee, which resulted in significant annual savings.
Division CFO (1986 -1988)
BAXTER HEALTH CARE CORPORATION, Deerfield, IL 1977 1986
Multi billion diversified manufacturer of disposable hospital/medical supplies. Various Positions including Cost Accounting Manager, Plant Accounting Manager, Finance Manager Parenterals Division and Flint Division Controller.
ERNST & YOUNG, Chicago, Illinois 1976 1977
MBA, Finance, DePaul University, Chicago, Illinois 1986
BS, Accounting, Valparaiso University, Valparaiso, Indiana, 1976
Illinois C.P.A., November, 1979