Charles E. Blue Sr. Email & Phone Number

Jackson, NJ

• REGULATORY COMPLIANCE | POLICIES & PROCEDURES | CONTRACT NEGOTIATIONS FINANCIAL STRATEGIES | CHANGE MANAGEMENT | RISK MANAGEMENT | BUDGETING
• Mitigated weekly average un-posted payments from ($200M to $5M), thus improving cash availability for operations, while supporting the Board of Directors with implementation of strategic plans
• Reduced average days to process payment from entry-to-posting by (46) days, thus significantly improving revenue reporting and collection efforts, while executing new corporate-wide model policies
• Oversee the accounts receivable department, ensuring standardization and compliance with established policies & procedures, regulations of applicable regulatory agencies, and company standards
• Won 2017 Certificate of Achievement for dedicated efforts and innovation in achieving finance department goals
• Aid small & medium-sized business clients with researching and acquiring grants via private, state, and federal sources

Greater New York City Area

• STRATEGIC PLANNING & ANALYSIS | BENCHMARK DEVELOPMENT | FORECASTING | BUDGETING PERFORMANCE MANAGEMENT | PROFIT OPTIMIZATION | BUSINESS IMPROVEMENTS
• Attained a high-level of success by managing all strategic planning for a ($2Bn) national retailer, while addressing capital planning and management needs in partnership with the functional pyramid head
• Facilitated development of external benchmarks, i.e. comparison of sales and expense trends versus industry, while developing and implementing a new 5-year strategic planning process with precision & accuracy
• Partnered with the CFO to ensure division performance in alignment with corporate expectations at Macy’s, Inc. while achieving profits in excess of ($300M) in an efficient & effective manner
• Directed monthly close process, divisional financial statement preparation, and reporting for operations with revenues in excess of ($2Bn), while soliciting business improvement ideas and an award system
• Generated and implemented physical capital plans for new stores, resulting in approval and opening of (10) new locations within (3) years

Weehawken, NJ

• CORPORATE RESTRUCTURING | BUDGETING | FINANCIAL OPERATIONS MANAGEMENT SHAREHOLDER RELATIONSHIP MANAGEMENT | FORECASTING REPORTS | DUE DILIGENCE
• Recognized for directing a corporate restructure across all subsidiaries, thus increasing corporate efficiencies and eliminating unprofitable non-core business units resulting in annualized savings of ($49M)
• Renegotiated company’s lending base with a new ($82M) credit facility that redeemed ($24M) in public debt, thus eliminating a ($24M) standby L.C. and reducing overall interest costs by ($1.5M)
• Drove overall financial operations of a ($600M) direct marketing catalog, retail & e-Commerce organization including all HR functions
• Restructured the company’s senior secured credit facility & term loans, thus increasing the company’s liquidity position by ($29M), while negotiating subsidiary center sale, realizing a net gain of ($23M)
• Completed recapitalization agreement with new majority shareholders, as well as issued new Series C Preferred Stock and retired the Series B Preferred Stock, thus reducing redemption liability by ($74M)

Greater New York City Area

• CONSULTATION SERVICES | ACCOUNTING & HR PROGRAM MANAGEMENT
• Acknowledged for delivering consulting services to a start-up consumer gift product e-Commerce organization via establishment of accounting & HR programs and initiatives in an optimal manner
• Showcased business management acumen, while preparing business plans and capital sourcing

Secaucus, NJ

• FINANCIAL PLANNING & ANALYSIS | FINANCIAL STATEMENTS | AUDIT & ASSURANCE FINANCIAL REPORTING | FORECASTING & BUDGETING | INVENTORY MANAGEMENT
• Directed overall financial monitoring and analysis of a ($400M) direct marketing and e-Commerce company, while forecasting and analyzing processes in a startup direct marketing organization
• Completed monthly close, consolidation, and financial statement preparation of (36) catalog titles, while partnering with external auditors to complete SEC filings (10Q & 10K) as a part of the quarterly close process
• Designed and implemented the annual and 5 year planning process, as well as ongoing business monitors, financial reporting, and key indicator analyses
• Hired, trained, and developed a staff of (6) financial analysts; as well as designed planning models used in the forecasting and budgeting process, while managing (36) brand titles and (12) e-Commerce sites
• Organized corporate treasury functions, including daily cash review, investment funding, and control accounts funding, while fulfilling due diligence and perspectives in conjunction with the corporate IPO

East Brunswick, NJ

• OPERATIONS MANAGEMENT | BUSINESS PLANNING | COST MANAGEMENT FORECASTING | REVENUE GROWTH & PROFITABILITY
• Delivered operational excellence, while developing and implementing the annual business planning process which included coordinating efforts among (45) field offices and (50) centralized cost centers
• Analyzed various segments of $2Bn in assets, $100M in revenue, and $50M in operating expenses
• Acted as a financial liaison to the parent company, while generating short and long-range forecasts in conjunction with strategic planning initiatives