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 fastest growing wholesale electrical distribution companies. The company's multiple divisions meet the electrical supply needs of contractors and builders; the lighting and electrical requirements of leading national retailers, hotels, automotive companies, supermarkets and restaurant franchises; commercial, institutional and residential property managers; the technical needs of OEMs; and the lighting and electrical needs of home-owners.Responsibilities• 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 of 7 people.• 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.• Assisted in the development and design of a monthly Sales & GP statistical report by associate that is utilized as a highly credible and useful management analysis and reporting tool at the branch locations.

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 company sales by 100%.• 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 reporting of 5 within a total department of 16 people.• 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 reporting of 4 managers within a total department of 17 people.• 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 variances between actual and budgeted results.Accomplishments• 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 daily the non-Fleet account’s store cash to the main Fleet cash account.• 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 program.

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 with direct staff reporting of 4 people, including 2 managers and 2 supervisors.• 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 the monthly results letter.Accomplishments• 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• Crystal Reports• ADP PC/Payroll• Best Products (Fixed Assets)• RealWorld• Solomon• PDI (Professional Data Solutions)• Eclipse

Mba, International Business

Bs, Accounting

Diploma, General