Irving Klein, Cpa Email & Phone Number

Greater New York City Area

I have gained a reputation as a Corporate Finance Consultant with strong analytical skills who can objectively assess a situation, identify problems, and implement creative strategies for solving those issues.► CHALLENGE: To analyze synergy/roll-up opportunities for manufacturing facility operating at a deficit.► STRATEGY: Conducted due diligence to determine exact machine and labor hours required, and performed value analysis by part number and customer. Implemented plan for movement of operations to plant 60 miles away, including remote access and processing strategies during transitional period.► RESULTS: Profits are steadily improving due to increased manufacturing capacity and reduced duplicate overhead.……………………………………………………………………………………………………………………► CHALLENGE: To provide financial transparency for company that has cash and debt located in 40 banks in 10 countries, with limited access to financial data until 2 weeks after month end.► STRATEGY: Developed dynamic dashboard and financial reporting system hosted on our corporate servers and updated nightly. Data is collected from all accounts, and system provide accurate, real-time access to total cash balances.► RESULTS: Company was able to reduce debt more quickly, save a substantial amount in interest, and use credit lines more efficiently.…………………………………………………………………………………………………………………… ► CHALLENGE: To streamline financial processes of manufacturing operation that was bouncing checks due to lack of infrastructure and access to financial reports.► STRATEGY: Developed robust reporting system and implemented an ERP system (familiar with Global Shop, Tools, and QuickBooks); hired qualified staff to maintain financial integrity.► RESULTS: Metrics are measured daily and weekly, including consistent monitoring of sales, labor productivity, purchases, and inventory levels.

► CHALLENGE: To maintain sales levels despite traditional customers moving operations to Asia.► STRATEGY: Capitalized on customer’s need for local supplier by establishing operations in China and other strategic international locations (sometimes within customer’s facility). Explored rollup opportunities, seeking to acquire struggling competitors open to collaboration.► RESULTS: Globalized market reach by establishing China beachhead. Retained and expanded key accounts despite customers’ relocation, while giving customers a local supply source and a chance to break into local markets.…………………………………………………………………………………………………………………… ► CHALLENGE: To decrease company health insurance costs, which accounted for a significant percentage of the company’s EBITDA. ► STRATEGY: Analyzed plan design and cost drivers. Converted from fully-insured to self-insured plan, realigning benefits to encourage savings at no additional cost to employees.► RESULTS: Reduced insurance costs by 35% in the first year alone.