John O'Connell Email & Phone Number

Canton, MA, US

• A publicly owned multi-state wholesale electric supply distributor with gross revenues of $170 million and 225 employees working out of 30 branch locations.Needham Electric Supply is one of the nation’s largest and.
• Maintain the financial records of Needham Electric Supply, including its general ledger, cash receipts, accounts payable, accounts receivable and inventories with direct staff reporting of 3 within a total department.
• Prepare monthly financial statements, bank covenant reports, internal reports, and other ad-hoc reports; heavy involvement in the banking function, including daily sweeps, investments & note payments.
• Establish and implement short and long-range departmental goals, objectives, policies and operating procedures; monitor and evaluate operational effectiveness; effect changes required for improvement.Accomplishments
• Reassigned A/P department tasks thru an Organizational Task Inventory, which timed out all daily-weekly-monthly tasks and redeployed them more effectively.
• Developed a monthly combined metric analysis, which identified and reported on key metrics such as unbilled freight, national account returns, cost overrides, no profit sales and inventory adjustments.

Boston, MA, US

• A privately owned multi-state retail dining company with gross revenues of $100 million and 1,000 employees working out of 115 cafeteria locations. Responsibilities
• Responsible for the management of Accounting (Financial Reporting and Analysis, Budgeting, General Accounting, A/P, A/R, Daily Cash Mgmt, Payroll and Inventory) with direct staff reporting of 3 people.
• Reviewed all contracts and pro-formas for new business and makes recommendations as appropriate.Accomplishments
• Financial member of acquisition team that accomplished the successful purchase of a Business dining company and Healthcare dining company, accounting for more than $15 million in sales volume and increasing existing.
• Evaluated acquisition candidate scenarios, involving preparing economic evaluations and recommendations on strategic attractiveness, as well as aiding in the process of due diligence.

• A privately owned multi-state retail vending and dining company with gross revenues of $180 million and 1,550 employees working out of 22 warehouse and 120 cafeteria locations. Responsibilities
• Responsible for the management of Accounting operations (District Reporting, General Accounting, Accounts Payable, Accounts Receivable, Fixed Assets, Daily Cash Management and Inventory Control) with direct staff.
• Managed the district period financial statement review including analyses of sales, gross profit, controllable contribution, EBITDA, shrink-cash, inventory levels/turns and actual to budget variances.Accomplishments
• Reduced bank fees through the utilization of banks with better fee rates in the NY district region, amounting to annualized savings of $150K.
• Initiated new systematic approach to AR collection, incl. key acct reports, process improvements and collecting on over 30 day accts, while promoting total company involvement in the collection process.

• A privately owned, 80-unit convenience store chain with gross revenues of $100 million and 800 employees.Responsibilities
• Responsible for the management of Finance & Accounting operations (Financial Reporting, General Accounting, A/P, A/R, Fixed Assets, Cash & Sales Audit, Payroll and Inventory Control) for 80 stores with direct staff.
• Reviewed period financial statements including Balanced Scorecard analysis of sales, gross profit, controllable contribution, EBITDA, ROI, productivity, shrink-cash (weekly), inventory levels/turns (weekly) and.
• Developed a cash deposit tracking system, which reconciled on a daily basis the store cash deposited to the bank with electronically transmitted paperwork to the host showing the required deposit. System also ACH’d.
• Assisted in the development of the Company’s President’s Club recognition program, which evaluated store managers on a variety of financial and operational metrics. Fully developed all associated reporting for this.

• A family owned, 13-store supermarket chain with annual sales of $200 million and 1,800 employees.Responsibilities
• Responsible for management of Operational Accounting (General Accounting, Accounts Payable, Accounts Receivable, Credit & Collections, Cash & Sales Audit, Payroll, Inventory Control and Retail Accounting) for 13 stores.
• Reviewed monthly financial statements including analysis of expenses, gross profit, inventory levels/turns, perpetual retail inventory activity and variances between actual and budgeted results, in addition to writing.
• Financial member of acquisition team that accomplished the successful purchase of 7 Edwards stores, accounting for more than $125 million in sales volume and increasing existing company sales by 260%.
• Evaluated store acquisition candidate scenarios, involving preparing economic evaluations and recommendations on strategic attractiveness, as well as aiding in the preparation of documents required for due diligence.

A $20 million dollar industrial supply distributor with retail store and total employees of 120.

• A $400 million dollar leading provider of serials subscriptions and services for academic, medical, government and corporate libraries with over 700 employees and subsidiaries in 6 countries.Software
• Microsoft Office (Excel-Word-PowerPoint)
• Microsoft Outlook
• Great Plains
• FRx
• Essbase

Mba, International Business

Bs, Accounting

Diploma, General