Joe Operacz Email & Phone Number

Our mission is to help small and medium-sized businesses on their climb to sustainable, transferrable business value. FocusCFO empowers business owners with sound financial management, forward-thinking insights and tools, and proactive financial strategies so businesses and organizations can improve internal cash flow, reduce business risk and increase the value and efficiency of their business or organization.We work with owners of businesses, typically with $3-$30M in revenue, that are often feeling: *Stuck on the climb to the next level with their business *Overwhelmed by the challenges of growth *Frustrated with business performance and cash flow *Worried about building a business with value that achieves their goals

Holland

Northwest Ohio

Business Owner focused on offering skills of accounting, finance and HR to smaller Northwest Ohio companies that have a less-than-full-time need, yet still require help and guidance with support services for their business. Provided support expertise to those companies in transition, needing temporary help or experiencing other challenging back office support circumstances. • Assumed duties and responsibilities for a company that was losing a key accounting person with only two weeks’ notice, diligently completing the in-process budget and leading the remainder of the installation of a new ERP structure.• Led the effort at a financial institution that uncovered lending irregularities, resulting in a more rigorous loan application evaluation and approval process.• Provided leadership and accounting expertise for a manufacturing client that had gone into receivership, keeping the process of a third-party receiver liquidating assets as favorable and amenable as possible to the debtor-owner.

Perrysburg, Oh

Bowling Green, Oh

Enterprise leader responsible for all accounting and finance functions for Americas Command Center of United Kingdom parent with $70 million in annual sales in the U.S. and international markets including Canada and Mexico. Led 16-person team in the transaction recording and analysis for 13 North American companies. Published monthly financial statements with analysis of results for local and parent company management and owners. Managed all foreign currency transactions. Planned and executed annual audit and related processes including audit and tax work papers. Drove M&A accounting due diligence and records. Functional owner of tax reporting and financial compliance. Hired, trained and mentored team. Interacted with all levels internally, vendors, bankers and external stakeholders. • Integrated two acquired businesses into enterprise accounting system. Migrated local transactions, streamlined workflows of two different back office systems and restructured personnel saving $800,000 on an annual basis.• Collaborated to integrate domestic acquisitions into compliance with US and UK GAAP and IFRS standards.• Leveraged internal accounting team to control audit costs saving $30,000 per year. • Partnered to identify acquisition economies of scale reducing costs in a compassionate manner while doing what was needed in the business.

Weston, Ohio

As senior management team leader for American headquarters, strategically led five-person team in accounting, finance, human resources and IT functions to support organizational objectives for $20 million business. Prepared and analyzed monthly financial statements for local and parent company officers and owners. Maintained the standard costing structure on an ongoing basis. Managed foreign currency needs, coordinated annual audit, prepared related audit and tax work papers, and drove compliance. Led recruiting, employee benefits, employee relations and retention activities to attract and retain top talent. • Updated and modified the existing cost accounting process improving timeliness and accuracy in complete cost calculations of production per item manufactured.• Developed a process of building budgets and forecasts based on actual data and market performance improving quality of data analysis and objectivity in dealing with problem areas.• Identified year end closing issues in new role. Executed three period closings for both the former private US company and new German subsidiary, within an abbreviated time period.

Fremont, Ohio

Senior management team leader hired to aid struggling $8 million organization. Led two-person team in re-tooling accounting, finance and human resource functions. Prepared and analyzed monthly financial statements for shareholder. Maintained standard costing structure to identify cost savings opportunities. Coordinated annual audit, related workpapers for all entities, investigated variances and collaborated to develop continuous improvement processes. Developed policies and procedures, led talent acquisition, benefits, compensation and employee relations strategies. • Successfully negotiated non-traditional financing for business after local financial institution pulled its financing due to repeated violations of loan covenants. Negotiated with three alternative financing institutions securing refinancing for $1 million, developing a plan for short-term business revival and positive steps toward business continuity.• Streamlined back office workforce creating efficiencies and realizing $65,000 in cost savings.• Developed and implemented recommendation to decrease inventory levels buying only materials needed on a JIT basis freeing up cash flow and limiting exposure to obsolescence.

Toledo, Ohio

Solely accountable for all accounting, finance, IT and human resource functions for $9 million organization with union and non-union employees. Developed and implemented quality planning and execution of strategies to support organizational goals. • Led implementation of software and hardware systems upgrades improving availability and speed to users and saving $20,000 per year in reductions in headcount and overtime wages.• Implemented time and attendance system including accompanying policy and procedure. Addressed last-minute call-offs through accurate tracking, rewards and consistent follow-up increasing daily attendance and saving the company $50,000 annually.• Strategically negotiated union contract to incorporate cost sharing of healthcare premiums saving $20,000 annually.• Acted as 401(k) fiduciary for both hourly and salary personnel plans, working closely with a third-party administrator to accomplish proper investment options and advisory services, along with keeping both the plan document and SPD current and in compliance with all IRS code and DOL regulations.

Bachelor Of Business Administration - Bba, Accounting

Education record