Eric Clough Email & Phone Number

Chicago, Illinois

Allocated/analyzed retained reserves monthly for insurance activity within 1,700 operations for quarterly and annual SEC reporting. Led the annual capital and D&A budget process—totaling $18M in D&A and $15M in capital and forecasted spend quarterly. Prepared and analyzed monthly G&A variance reports totaling $85M in annual spend and presented results to the CEO, CFO and Executive Team. Presented insurance retained reserves and revenue status for actuals verses budget/forecast to the CEO, CFO… Show more Allocated/analyzed retained reserves monthly for insurance activity within 1,700 operations for quarterly and annual SEC reporting. Led the annual capital and D&A budget process—totaling $18M in D&A and $15M in capital and forecasted spend quarterly. Prepared and analyzed monthly G&A variance reports totaling $85M in annual spend and presented results to the CEO, CFO and Executive Team. Presented insurance retained reserves and revenue status for actuals verses budget/forecast to the CEO, CFO and Executive Team on a quarterly basis.➤ Assisted two executives with developing their annual budgets—totaling $7M—cumulating in meetings with the CEO and CFO to review the proposals➤ Drafted emails for the CFO to send to the Board of Directors, when Board approval was required for business proposals➤ Collaborated with Risk Management and Accounting to resolve material insurance revenue variances➤ Built budgets and quarterly forecasts related to insurance revenue, costs and retained reservesACHIEVEMENTS:➤ Automated business proposal workflows by developing process flowcharts for programmers, devising 1,500 test scenarios and testing the results of a new financial planning system➤ Executed a project to solicit feedback from users, decided a course of action and implemented changes on the financial document used to make proposals to clients➤ Evaluated the Levels of Authority document and analyzed approval data in order to make recommendations on adjustments resulting in Board of Director approval Show less

Chicago, Illinois

Oversaw the operating lease program of 250 leases, cash reconciliations for 2,500 locations and credit card reconciliations for 1,800 locations. Successfully led a team of nine finance professionals—fostering their professional development and success through mentorship and targeted training initiatives. Established a process to consolidate monthly credit card and general ledger activity to determine adjustments to the general ledger for variances on 1,800 locations—saving 90 hours per month of… Show more Oversaw the operating lease program of 250 leases, cash reconciliations for 2,500 locations and credit card reconciliations for 1,800 locations. Successfully led a team of nine finance professionals—fostering their professional development and success through mentorship and targeted training initiatives. Established a process to consolidate monthly credit card and general ledger activity to determine adjustments to the general ledger for variances on 1,800 locations—saving 90 hours per month of work.ACHIEVEMENTS:➤ Created an implementation plan for and oversaw the execution of a project to convert 1,100 locations to a new credit card processor—initially projected to take 14 months, but completed the project in 8 months➤ Implemented a training program to involve the entire team in training new team members, building relationships and fostering built-in-support➤ Eliminated a barrier of analysts assigned to reconciling cash or credit cards to involve analysts in both processes, expanding their knowledge and making the team more versatile Show less

Chicago, Illinois

Worked closely with banks to obtain financing quotes on an average of 15 operating leases per month for vehicles and revenue control equipment ranging between $25k – $2.5M per lease. Worked with operations senior management to structure lease financing and payment obligations included in RFPs for new business. Reviewed an average of 4 lease contracts a month, with an average amount financed of $200k per contract, before being signed by the CFO. Worked on an annual analysis of future lease… Show more Worked closely with banks to obtain financing quotes on an average of 15 operating leases per month for vehicles and revenue control equipment ranging between $25k – $2.5M per lease. Worked with operations senior management to structure lease financing and payment obligations included in RFPs for new business. Reviewed an average of 4 lease contracts a month, with an average amount financed of $200k per contract, before being signed by the CFO. Worked on an annual analysis of future lease payment obligations totaling $15M, which was included in the annual report. Managed payments, end of term decisions, assisted field personal with questions and maintained relationships with banks for a total of 330 active leases for vehicles, revenue control equipment and maintenance equipment.➤ Submitted operating lease invoice check requests, resolved invoice variances and setup fixed rent payments ➤ Assisted field personnel in making equipment buyout/return decisions and executed accordingly➤ Investigated and effectively resolved historical variances of $540k on depository bank accounts➤ Ensured a service fee refund of $37k was properly allocated between 750 bank accountsACHIEVEMENTS:➤ Researched historical variances of $560k on controlled disbursement and wire accounts working with bank representatives and the AP Department on resolutions to ensure long-term financial fluency➤ Analyzed depository and corporate bank account fees with a goal of decreasing fees and eliminating unnecessary services➤ Analyzed the year over year increase in volume of wires with a goal of targeting ways to decrease the volume Show less

Chicago, Illinois

Successfully reconciled 460 depository bank accounts—totaling $12M+ in monthly revenue and worked with location management to ensure revenue was properly recorded while working with bank representatives to resolve difficult and sensitive issue’s location management had with bank accounts and branches. Reconciled $40M in monthly checks cut from nine controlled disbursement accounts, researched variances and worked with the AP Department on resolutions. Performed a daily cash position analysis of… Show more Successfully reconciled 460 depository bank accounts—totaling $12M+ in monthly revenue and worked with location management to ensure revenue was properly recorded while working with bank representatives to resolve difficult and sensitive issue’s location management had with bank accounts and branches. Reconciled $40M in monthly checks cut from nine controlled disbursement accounts, researched variances and worked with the AP Department on resolutions. Performed a daily cash position analysis of more than $7M in receipts and disbursements, communicated daily funding needs to the bank and informed upper management of the results.ACHIEVEMENTS:➤ Created a master list of 1,100+ bank accounts and provided it to company’s returned check collections agency, enabling collection payments via ACH—eliminating 30 to 60 minutes spent allocating a weekly refund check➤ Maintained positive pay exceptions and worked with the Payroll and AP Departments to make decisions on exceptions➤ Initiated wires daily, averaging $1.5M, while ensuring timely and accurate payment to clients and vendors➤ Analyzed the department’s monthly $15k bank service fee budget and researched/resolved discrepancies Show less

Northbrook, Illinois

➤ Helped sell 4 homes totaling $4.4 million and win 4 new listings equaling $4.1 million by ensuring all listing information was accessible to prospective buyers and clients➤ Developed and maintained databases of internet views for active listings and sales data on 84 homes, valued at $65 million, sold within the last 4 years

Bachelor Of Arts In Economics

GPA 3.3/4.0 • Dean’s List • Recipient of the Provost Award—for academic excellence Beta Theta Pi, Investment Club and Entrepreneur Club

London, United Kingdom

Studied Business Issues and the European Union, International Marketing Management, Globalization Studies and Architecture of London