Glastonbury, Connecticut, United States
Senior Financial Professional with proven success constructing and running lean, highly efficient accounting organizations and systems that drive significant EBITDA growth, by leading an increased company-wide focus on growing high-margin product & service line Revenues and improving profit margins at the component or contract levels via customer price improvements and supplier cost reductions. Proven ability to ensure 100% legal, tax, and audit compliance, while maintaining lean and efficient back-office spending and optimizing tax and capital investment. • Achieved a $25M increase in annual EBITDA, via a 30% compound annual revenue growth, a 4.8 percentage point margin expansion, and $4.4M in non-operating gains, separately a 3X Market Cap incr. • Implemented controls and procedures for two newly public companies (UCTT and NPTT) including QA review of the Internal Controls over Financial Reporting (ICFR) to achieve SOX 404 compliance with no material weaknesses. • Implemented UKG Pro and multiple real-time profit reporting systems, at the component and contract level in three recent roles, all resulting in dramatic, long-term operating profit margin improvement. • Executed M&A transactions: $100M Sieger purchase by Ultra Clean; $300M NPTest spin-off, IPO and merger (including all due diligence and SEC filings); and $50M MacLean & Nuttall sale to P.E. Buyer. Specialties: • Accounting & ERP System Implementations • SOX, Risk Management & Compliance Matters • Profit Reporting, Follow-up & Mgmt. Culture • Strategic & Operational Business Planning • M&A Negotiations, Compliance & Due Diligence • GAAP Audits / Treasury Management
Supporting Manufacturing and Service Companies of all sizes.
Directed all Accounting, Finance, HR, and payroll activities. As CFO, increased revenue 3.6X over five years and achieved 18.8% Net Income in FY2021 from break-even. Onboarded key customer accounts, launched three warehouses in Fremont and a new facility in Indianapolis, and expanded banking relationships to support growth. • Implemented a comprehensive profit-by-contract reporting and control framework for domestic operations, Hong Kong, and international partner relationships at both Operating and Executive/Board Management levels. Recruited high-caliber professionals to establish best-in-class Finance, Accounting, and Human Resources functions from the ground up. Led the successful transition of all payroll processing systems by implementing UKG Pro to replace Paychex. • Secured and fully forgave two PPP loans totaling $4.5M. Launched annual R&D tax credit filings and obtained a $1M CA Competes Go-Biz tax credit since 2017.
Directed all Finance, HR, and payroll activities. Managed accounting, finance, purchasing, legal, and HR/payroll and benefits activities, utilizing QuickBooks, MS Office, and ADP web-based HR and Payroll systems. Led the organization through a threefold growth, achieved both organically and via acquisition.
Directed all accounting, finance, legal, IT, and procurement functions at this turnaround company. Led key process improvements in invoicing, collections, IT services, and supply chain management. Cut cash burn by over 50% through better pricing and cost controls, implementing strict customer and product margin reporting.
Project Management, Business Process Redesign, Information System Upgrades.