Jason Ferrante Email & Phone Number

Greensburg, Pennsylvania, United States

New Kensington, Pennsylvania, United States

Pittsburgh, Pennsylvania, United States

 Prepared and analyzed financial statements for the Medical Equipment Sales and Service division. Assisted with integration of four acquired companies into the Medical Equipment Sales and Service division. Analyzed income statement against budget and prior period, explaining any variances and communicating the findings to the Controller and the VP of Finance. Worked with the VP of Sales and the VP of Operations to prepare a monthly sales pipeline report to forecast the timing and expected gross profit on equipment sales. Prepared proforma income statements for proposals to potential clients to determine revenue and profit margin at different pricing levels. Prepared supporting schedules for the corporate tax returns. Worked with auditors to provide requested items listed on the PBC list. Managed third party billing for annual client flu clinics, providing all required information and verifying that the billing was correct. Reviewed client contracts and prepared client billings for biometric screening services and other services provided by the company. Addressed client questions on customer invoices and vendor invoices.  Prepared monthly borrowing base report for bank to calculate the company’s borrowing capacity based on company assets. Approved, verified and coded vendor invoices, including charges from external labs.  Prepared schedules and analyses for quality of earnings and legal due diligence in preparation for equity investment into the company.

Pittsburgh, Pennsylvania, United States

 Worked directly with the President of the Company and the entire Senior Management team to construct and maintain financial models for the company’s initial international development project in India. Assisted in the sale of retail properties in Youngstown, OH, Shreveport, LA and North Huntingdon, PA. Prepare the annual budgets for 13 retail properties. Work with the CEO, COO, VP of Operations and VP of Leasing to obtain information required for budget preparation. Prepare monthly financial statements, including analysis and explanation of all variances from the budget. Review and approve all cash disbursements to vendors on a weekly basis. Prepare monthly reports for the President, CFO and Treasurer detailing cash position, budgeted capital expenditures, and projected year-end cash balance. Prepare pro-forma tax calculations on an as-needed basis to estimate the total tax liability of the company at the end of the year. Prepare quarterly reports for distribution to mortgage holders and co-owners of several retail properties. Prepare pro-forma financial statements on an as-needed basis to determine the financial impact of various scenarios on a given retail property. Calculate loan to value and debt service coverage ratios to verify that properties are in compliance with mortgage covenants.

Columbia, Maryland, United States

Hired as Assistant Controller of the software company and was promoted to Controller in 2000, reporting to the CEO. Responsibilities included general controllership duties. Participated in the sale of the Company in 2003 and in the transition of the Company’s financial and administrative groups to the acquirer’s home office in Rhode Island. Responsibilities included the following: Oversaw all aspects of the accounting department and preparation of consolidated financial statements. Managed relationship with the outside auditors; coordinated the year-end audit, including preparation of all audit work papers.  Responsible for all aspects of Company’s treasury and banking relationship with domestic as well as international banks.  Prepared annual budget using assumptions developed in conjunction with the CEO. Performed financial modeling for changing assumptions throughout the year.Significant accomplishments include the following: Managed state sales tax audits and filing of voluntary disclosure agreements with various states; engineered sales tax savings in excess of $100,000. Assisted with international transfer pricing strategy, saving $250,000 in taxes. Shortened timeframe for the audit by 50% and reduced the audit fee by 20%. Reduced monthly financial close to 1 week from 2+ weeks. Developed a financial model to estimate company-wide cost savings of a corporate reorganization. Improved cash management by developing weekly cash reporting format and prepared forecasts for CEO using an internally developed cash modeling tool.Participation in the sale of the Company included the following: Acted as the point of contact for the attorneys and tax professionals.  Reviewed asset purchase agreements and stock purchase agreements.  Managed the due diligence process, including preparation of items requested by the acquiring company. Prepared and managed the disclosure schedules for the asset purchase agreement.

Mckeesport, Pennsylvania, United States