MICHAEL J. CORBETT
Danvers, MA 978.777.1119 firstname.lastname@example.org
CHIEF FINANCIAL OFFICER
Dynamic finance and operations executive with a proven track record of exceptional execution, consistently establishing credibility with lending institutions, and increasing profits. Builds strategic business partnerships and high-performing teams, while fostering collaboration across complex organizations. Extensive finance experience over a wide range of industries, including construction management and real estate development, investment, property management and information services. Recognized for accelerating revenue and profits, business transformation and driving growth and expansion.
" Strategic Business Planning
" P & L Management
" Business Turnaround and Integration " Successful Mergers & Acquisitions
" Leadership Development
" Real Estate Development " Finance Acquisition and Disposition
" Construction Management
" Collaboration with In-House Partners
CFO CONSULTING SERVICES, WENHAM, MA 2017-2019
A financial services consulting firm focused on construction and real estate firms. 2012-2013
" Recognized entrepreneurial opportunity and founded financial consulting services firm for real estate and construction related companies.
" Providing interim CFO services for the General Specialty Contractor community in the Boston area and on the West Coast. Establishing financial budgeting and reporting systems, cash flow forecasting, reducing operating expenses, renegotiating bank credit facilities and annual insurance renewal programs.
" Led Wentworth Institute of Technology Board of Trustees Audit Committee, and served as member of Finance, Investment and Development Committees, helping institution grow from $70M to $100M gross tuition.
" Assisted with procurement/closing of $71M bond issue to refinance $26M debt and $45M new construction loan.
" Assisted with strategic plan focused on engineering programs, implementing six new undergraduate/four new masters programs, and led search/hiring of Chief Information Officer.
PC CONSTRUCTION COMPANY, SOUTH BURLINGTON, VT 2014-2017
A 100% employee-owned (ESOP) general contractor with national operations from Maine to Florida.
Senior Vice President and Chief Financial Officer
" Recruited to revitalize accounting and information technology departments after a significant financial loss in 2013. Led all finance functions for $600M general contractor. Oversaw information technology and risk management functions.
" Negotiated purchase and financing of $15M of capital expenditures, including 10-year lease for new corporate aircraft and new Southeast Regional Office for corporate expansion.
" Oversaw implementation of Information Technology Assessment Study to better align overall organizational requirements within information technology.
" Developed budgeting and forecasting process, reestablished credibility with sureties and primary lending institutions, while reducing credit facility covenant requirements.
" Teamed with information technology and project controls to create new monthly project cost reporting and forecasting.
THE PENTA BUILDING GROUP, LAS VEGAS, NV 2013-2014
A leading Las Vegas construction services firm having completed over $4B worth of projects in multiple West Coast states.
Director of Finance and Corporate Services
" Brought in to oversee strategy, organizational structure, and operations of finance, administration, accounting, information technology, human resources, risk management and safety.
" Oversaw implementation of Viewpoint Construction Software to replace SAGE Timberline job cost and financial reporting.
" Negotiated transition of corporate banking and credit facility from long-time national banking relationship to a local financial institution. Reduced and eliminated credit facility covenants along with increasing credit facility from $5M to $15M.
AMERICAN CAPITAL ENERGY, INC., CHELMSFORD, MA 2011-2012
A solar engineering, procurement and construction organization.
Vice President of Finance
" Selected to assume leadership for finance organization. Led all finance and administrative functions. Member of Senior Operating Committee, overseeing all operations. Directed 60 personnel and budget of $79M.
" Reconstructed financial reporting and implemented project cost accounting to complete 2009/2010 audits.
" Developed cash-flow forecasting model, reestablishing credibility with advisory board and primary lending institution.
" Created and implemented critical corporate insurance program, to cover companys insurance exposures on completed, ongoing and future projects.
MARR COMPANIES, BOSTON, MA 2010
A specialty subcontractor for the construction industry, with five operating companies.
Director of Administration
" Hired for special project to establish fair market valuation for each operating entity. Led Finance, HR, IT, Safety and Risk Management. Led 12 personnel and budget of $50M.
" Streamlined financial reporting and established rolling 12-month budgeting process.
" Engaged and assisted third-party consulting firm to establish fair market valuation for each operating entity.
WILLIAM A. BERRY & SON, INC. DANVERS, MA 2002-2009
A construction management and professional services company.
Chief Financial Officer
" Recruited as first CFO to establish finance organization and to position company for growth. Led Finance, Treasury and Risk Management. Directed 14 employees, budgeting and cash flow for company generating $625M in revenue.
" Implemented Subcontractor Default Insurance Program on volume of $1.3B, generating $10M profitability.
" Negotiated and secured $25M annual bank credit facilities to support projects more than $200M.
" Negotiated construction/permanent financing for new 60,000 square foot corporate headquarters.
" Top graded and grew finance team from 9 to 14, with >90% retention over seven years.
FIDELITY NATIONAL FINANCIAL, INC., MILFORD, MA, KINGSTON, NY 1999-2001
A $4 billion financial services provider of real estate information services
Interim Chief Operating Officer, Fidelity National Credit Services 2001
" Transferred at request of CEO to downsize and turn around operations. Led finance, accounting, sales and operations. Directed 225 employees and budget of $30M.
" Led rapid turn-around project, eliminating $6M annual operating deficit.
" Accelerated integration of acquired businesses, reducing headcount from 225 to 150 within 90 days.
" Closed underutilized facility, saving $3.6M annually.
Chief Financial Officer, Market Intelligence, Inc. 1999-2001
" Selected as first CFO of Fidelity Nationals fastest growing subsidiary. Led finance, accounting and M&A due diligence. Directed 15 personnel and budget of $65M.
" Built finance structure to support revenue growth from $22M to $65M and EBITDA growth from $1.8M to $9.5M.
" Implemented cost of goods sold and operating expense controls, delivering $3M cost savings annually.
Executive Vice President and Chief Financial Officer, Hewson Properties Inc., Phoenix, AZ
Chief Financial Officer and Treasurer, Auburndale Properties, Inc., Wellesley, MA
Vice President and Controller, First Investment Companies, Inc., Boston, MA
Senior Staff Auditor/Staff Auditor, Deloitte LLP, Boston, MA
Bachelor of Science, Business Administration and Accounting, Boston College, Boston, MA
Certified Public Accountant, Commonwealth of Massachusetts