Derek A. Smith, Ca, Cpa Email & Phone Number

Greater Boston Area

Provide Fractional CFO ServicesRepresentative engagements include:• Part-time financial leader for a $25 million printing and publishing company supporting the CEO and his staff. Responsibilities include preparation of consolidated financial statements, liaison with external stakeholders (bank, employee benefits, accounting and tax advisors) and strategic planning.• Part-time financial leader for a $10 million medical practice supporting the senior medical and operational leadership. Responsibilities include preparation of consolidated financial statements, liaison with external stakeholders (bank, employee benefits, accounting and tax advisors) and strategic planning.• Prepared financial due diligence schedules for a healthcare solutions company in 2014 and 2015 in connection with its sale to a private equity firm resulting in the majority equity holder netting over $10 million after tax.• Interim financial support for 3 months in 2013 of a retail and hospitality family business with approximately $20 million of revenues in 2012.• Assisted occupational health publishing company in sale of product line to medical association.• Liquidated academic publishing company upon death of sole shareholder including sale of publishing assets to editor and wind-up of 401(k) plan.

Portsmouth, Nh

Derek is a vital part of the Company’s leadership team and plays an integral role in creating the company infrastructure required to support MediSpend’s planned expansion and growth. Derek is responsible for the development of financial strategy, design & implementation of business systems to preserve company assets, and ensure the preparation and dissemination of accurate financial information. Derek is also responsible for the HR function, including establishment and monitoring of company policies, recruiting and HR information systems.

Lexington, Ma

Provide Project, Part Time and Interim CFO servicesRepresentative engagements include:• Interim Chief Financial Officer of a technical and management consulting company with approximately $70 million of revenue in 2012.• Interim Chief Financial Officer of a modular home manufacturing company with $35 million of bookings in 2012.• Development of financial model and forecasts for start-up online retailing website seeking funding from angel and venture investors.

Beverly, Ma

$5 million technology company that develops, markets, implements and supports a suite of advanced communication and management products and services for contact centers.Directed finance, administration, human resource, information technology and operations functions.• Secured additional equity funding and conversion of debt to equity to extend the company’s timeline.• Led efforts to cut cash burn rate in half through reduction of headcount and discretionary spending.• Formulated and implemented strategic plans for survival in a replacement market.• Championed efforts to negotiate OEM agreement with third-party collection software partner.

Boston, Ma

$30 million management consulting holding company.Directed finance, administration, human resource and operational functions.• Played a key role in the acquisition of two consulting firms, which included managing due diligence and preparation of closing documentation.• Secured acquisition financing of $7.8 million and negotiated covenants with major U.S. financial institution.• Contributed to the development of the strategy to obtain second round financing for future acquisition activities.

Burlington, Ma

$25 million global management consulting, research and training company with offices in the USA, Europe and Asia Pacific.Directed administration, finance, human resource and operational functions. Managed 20 employees.• Developed and implemented a business plan to reorganize the company and restore profitability.• Disposed of the Scandinavian operations and resolved outstanding legal disputes in Italy and USA.

Reading, Ma

$925 million educational publishing subsidiary of UK-based Pearson plc with over 125 locations in more than 70 countries.Directed operations including administration, budgets and financial systems, customer service, distribution, information technology, manufacturing and order processing. Managed 1,000 employees.• Led the rapid integration of HarperCollins Educational Publishers acquisition. Reassessed the value of its working capital and re-negotiated more favorable purchase price.• Analyzed feasibility and began implementation of US and UK regional service centers to consolidate accounting, billing and customer service functions and the conversion to SAP operating systems for improved efficiency and profitability.

New York, Ny

Executive Vice President (1995-1996)Senior Vice President and Chief Financial Officer (1990-1995)Oversaw finance, administration, electronic publishing, human resources, legal and management information systems. Managed 650 employees.•Spearheaded profitability improvements by shifting control and accountability of assets to 10 separate publishing entities, saving $12.5 million through inventory reductions and cutting author advance write-offs in half. • Coordinated the evaluation of accounting, billing and customer service and recommended improvements targeted to increase customer satisfaction and efficiency, reduce staff by 25% and save $2 million a year.• Directed 5-year, $25 million development plan that improved financial, human resources, manufacturing, and sales reporting (including the introduction of laptop computers for the sales forces) systems.

New York, Ny

$125 million subsidiary of Thomson Reuters Corporation publishing professional books and periodicals.Senior Vice President & Chief Financial Officer (1988-1990)Managed finance and information systems, preparing and analyzing financial information for Executive Committee and parent management. Vice President & Controller (1986-1988)Assistant Controller (1984-1986)Manager, Corporate Reporting (1982-1984)Promoted rapidly with increasing responsibility for financial reporting and management.

Boston, Ma

Kingston, On

Ottawa, On

Ottawa, On

B.Comm, Accounting And Finance

Education record