SUMMARY
Senior financial executive with experience in Fortune 100 and private equity portfolio companies diverse industry experience including Entertainment, Media, Internet Ad Sales, Software, and Information Services. Financial management experience includes corporate controllership, financial planning and analysis, management reporting, evaluation of new business opportunities, strategic planning, and integration of acquired companies. Successfully restructured financial organizations and developed staff.
BUSINESS EXPERIENCE
RCS CONSULTING, New York 2005 to Present
Principal-Consultant working with organizations on finance, operations, and strategic and new business initiatives. Clients include Lorber HT Digital/Hidden Treasures Productions (film production and distribution company), Thomson Reuters, New York Society of Security Analysts, Deutsche Bank/ABS Ventures, and publicly traded publishing company among others. Select engagements include:
Evaluated new business opportunities including the development of financial models and assessment of cash requirements.
Reviewed and re-engineered the annual budget process. Developed formal budget templates and created associated board presentations.
Led operating departments in the development of five year strategic plans, formulated associated presentations to senior executives and the board.
Evaluated financial organization and processes, modified policies and procedures, corrected internal control weaknesses, established new management reporting, and identified inefficiencies.
Acted as interim Executive Director/CEO. Recommended organizational changes, modified personnel policies, implemented data mining, re-engineered select processes, and instituted use of preferred vendors.
Interim CFO for a distribution company charged with oversight of all financial records, financial statement preparation, and cash management.
IQ FINANCIAL SYSTEMS/MISYS INTERNATIONAL BANKING SYSTEMS PLC, New York
2003 to 2005
Leading global provider of financial software solutions and consulting to the commercial lending and capital markets.
Vice President, Finance, Hired to manage successful sale of IQ Financial Systems to Misys, plc. Responsible for all aspects of accounting operations, management reporting, planning and analysis, cash management, and oversight of year-end audit for domestic and international operations. Provided counsel to CEO and Board on all financial matters consulted to private equity company (Deutsche Bank).
Enabled successful sale of company via the formulation of three-year projections, timely completion of a general ledger conversion, and restatement of operating results to conform to US GAAP.
Significantly improved the quality and timeliness of financial data through the implementation of policies and procedures and re-assignment of staff responsibilities.
Instituted balance sheet reviews and ongoing review of financial results with operating management.
WINSTAR NEW MEDIA AND VENTURES,
New York, 1997 to 2001
Rapidly growing division of Winstar Communications with interests in TV and Video, radio programming and ad sales, Internet properties, and business information.
Senior Director–Finance. 2000 to 2001,
Director–Finance, 1997 to 2000
Managed financial aspects of Winstars strategic minority investments and provided analytical and strategic guidance for new investments and divestitures. Directed financial operations including consolidated reporting and analysis, budgeting, and cash management for five operating companies with 20 financial employees and revenue of 100 million dollars. Managed year-end audit presented operating results, budgets, and interim forecasts to the parent company.
Implemented reporting and planning guidelines and procedural changes, significantly improving timeliness of submissions, decision-making data, and Board presentations:
Identified key metrics integral to budget assumptions and monitoring operating results
Reduced the number of reporting entities from 15 to 5 and standardized presentations.
Assessed new business opportunities including strategic analysis and due diligence:
Successfully completed acquisition of film library, improving cash flow by 10 million dollars,
Rejected strategically attractive acquisitions with significant cash flow risks.
Reorganized operational and financial functions of recently acquired TV and Video division and enabled the division’s successful completion of first stand-alone audit.
Developed five-year plans and financial models integral to forecasting operating results, balance sheets, and cash flow. Developed schedule to monitor exposure to the achievement of revenue goals.
TIME WARNER, INC HOME BOX OFFICE,
New York, 1987 to 1996
Manager-Financial Operations and Reporting 1993 to 1996, Manager-Programming Finance 1987 to 1993
Managed financial activities of seven cost centers, 400 million dollars financial impact and HBO and Cinemax programming expenses,500 million dollar financial impact. Directed financial departments in completion of SEC schedules.
THE DUN and BRADSTREET CORPORATION,
New York, 1979 to 1986
TECHNICAL DATA RESOURCES
Controller,1983 to 1986, Reporting to the division president, established stand-alone financial function for a start-up division providing industry specific business information services.
CORPORATE HEADQUARTERS
Senior Corporate Auditor,1979 to 1983: Supervised financial and operational reviews of DandB companies worldwide.
EDUCATION
M.B.A., Hofstra University, Hempstead, New York
Emphasis in accounting and finance, member Beta Gamma Sigma.
B.A., Hofstra University, Hempstead, New York
Majored in psychology, with a secondary emphasis in accounting
OTHER
Member AICPA
Certificate in the Appraisal of Fine and Decorative Arts