Vice President Finance
American Music Group, Ltd.
Supervised a fast paced accounting department and managed a multi corporation environment including maintaining and developing banking and financial institution relationships. Responsible for preparing, analyzing and presenting financial statements. Managed cash flow and analyzed acquisition targets for future growth. Spearheaded all budgeting and forecasting systems as well as led our insurance bidding and negotiation.Oversaw the retirement plan administration and employee benefit negotiation. Responsible for all real estate lease negotiations. Managed the information systems for corporation.* Increased the bank line of credit from $5 million to $20 million.* Improved financial reporting from no interim internal financial statements to monthly financials divided into 21 locations, then combined into 8 corporations and then summarized into 1 entity.* Implemented a systematic review of operating expenses in order to reduce and manage their costs, including insurance, telephone, real estate taxes, employee benefits, credit card processing expense, life insurance and checking account fees.* Supervised the change from a reviewed financial statement to an audited financial statement.* Participated in the negotiation, sale, and the closing of the sale of American Music Group to a publicly traded company.* Secured the financing for a real estate transfer from the company’s majority owner to his children for estate planning purposes.* Participated in the negotiation of reduction in cost of sales items by actual cost reduction, improved payment terms and volume rebates.* Implemented a 401k plan.* Developed and implemented a self-insured dental plan that reduced costs and increased benefits.* Implemented a cash flow reporting and forecasting system.* Implemented an internal check encoding and bank deposit system.* Set up an internal auto leasing company to compete with outside leasing companies.
