Scott Hess

Scott Hess Email and Phone Number

Fractional CFO - $50MM Apparel Brand @ Main Street IQ
Los Angeles, CA, US
Scott Hess's Location
Los Angeles Metropolitan Area, United States, United States
Scott Hess's Contact Details
About Scott Hess

I'm excited by the opportunity to transform the direction of a business. As a CFO, I thrive on understanding how the various components of a company work together to create a cohesive and successful organization. I focus on identifying marginal gains across operations, finance, and strategy that can unlock significant, organization-wide change. My analytical mindset, collaborative approach, and passion for driving impact ensure meaningful results.

Scott Hess's Current Company Details
Main Street IQ

Main Street Iq

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Fractional CFO - $50MM Apparel Brand
Los Angeles, CA, US
Scott Hess Work Experience Details
  • Main Street Iq
    Fractional Cfo - $50Mm Apparel Brand
    Main Street Iq
    Los Angeles, Ca, Us
  • Entourage Transportation
    Founder
    Entourage Transportation Jun 2021 - Present
    Entourage offers luxury transportation services for discerning individuals and high-profile events. With over 20 years of experience, we have provided transportation for more than 200 red-carpet premieres, dozens of awards shows, and numerous global music tours.We prioritize safety, privacy, and punctuality. Our security measures and trained professionals ensure that your personal information and activities remain confidential. Our dedicated account managers are available 24/7 to assist you every step of the way, and we guarantee punctuality with our chauffeured car service.We have extensive experience working with renowned events such as the Golden Globes, Grammys, and Oscars. Our goal is to exceed your expectations with exceptional transportation solutions, providing safe, reliable, and comfortable transportation for all of our clients.
  • Watch Gang
    Chief Financial Officer
    Watch Gang Feb 2019 - May 2022
    Dynamic leader driving all financial operations, M&A, legal, risk management, administrative, and human resources for a thriving $35 million subscription and e-commerce startup.• Led the buying team in developing a gross profit plan across various revenue streams that led to annual incremental gains and a reduction of suppliers.• Designed innovative products and streamlined processes that dramatically improved client retention, reduced customer acquisition costs (CAC), and optimized all Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR) metrics.• Achieved an impressive 11% revenue growth while strategically decreasing operating expenses (OPEX) by 12%, resulting in a remarkable 15X increase in net income.• Developed and executed strategic initiatives that successfully drove a 17% surge in e-commerce revenue.• Led comprehensive due diligence processes and engaged in high-level private equity discussions, successfully negotiating debt agreements that resulted in a 5% reduction in the cost of funds. Created compelling reporting packages and narratives for external investors.• Initiated holistic budgeting, planning, and forecasting initiatives, culminating in the company's first two years of profitable operation.
  • Main Street Iq
    Corporate Finance & Operations Consultant
    Main Street Iq Dec 2015 - Feb 2019
    As a Fractional CFO and operations consultant, I specialize in delivering executive-level financial leadership to start-ups and scaling businesses. I excel in developing and managing annual budgets, enhancing financial reporting, and overseeing cash flow. I implement robust financial controls and establish efficient operational processes, all while collaborating closely with entrepreneurs to drive the successful execution of their business strategies.• Spearheaded collaboration with investment bankers to design and implement robust reporting and due diligence processes, successfully facilitating the sale of a $300MM manufacturing company. • Expertly negotiated manufacturing and delivery agreements for overseas apparel production, achieving landed costs that were 5% lower than prior arrangements. • Developed a comprehensive five-year operating plan and innovative revenue growth strategies, driving the expansion of a $10 million womenswear brand. • Realigned the general ledger, instituted effective cost controls, and created dynamic management reports for a retailer, resulting in a remarkable 15% increase in revenues and a significant 24% reduction in operating expenses.
  • Haberdash
    Cfo
    Haberdash May 2014 - Mar 2016
    Led the development and management of an omnichannel luxury menswear company's long-term P&L and operational strategies. Supervised daily retail operations, Human Resources, and IT for a dynamic organization with $10MM in annual revenue.• Developed a highly effective, gross profit-driven compensation system for the sales team, driving a remarkable 23% increase in sales while reducing compensation expenses by 9%.• Achieved a 20% reduction in annual operating expenses by implementing standardized practices and strategic vendor partnerships across all departments and functions.• Spearheaded the creation of a cutting-edge e-commerce solution that boosted sales by 30%, enhanced the client experience, and streamlined operating costs.• Engineered operational dashboards that empowered store managers to gain deeper insights into key business metrics, resulting in increased revenues and a 20% reduction in time spent off the sales floor.• Established a standardized reporting platform that effectively measures performance against strategic plans and long-term objectives across various physical and virtual locations.• Executed a realignment of the general ledger that clarified expenses and successfully reduced account numbers by 15%.
  • Northern Trust
    Vp, Corporate Finance
    Northern Trust Mar 2002 - May 2014
    Chicago, Illinois, Us
    I drove the timely delivery of monthly and annual management reports, expertly managed the annual budget and monthly forecasts, and proactively identified growth opportunities across 15 high-net-worth markets. I successfully led the implementation of a new global Cognos ERP system, developed user interfaces that empowered the financial team, and created highly effective client profitability models.• Led FP&A, management reporting, business intelligence, client and product profitability, and strategic planning for a $600MM financial services organization with confidence and precision. • Collaborated seamlessly with cross-functional stakeholders to design and implement a groundbreaking risk-adjusted loan profitability model, boosting pricing and capital allocation accuracy by over 5% for a $22B commercial loan and mortgage portfolio. • Fostered a strong consultative relationship with the CEO on long-term strategic plans, marketing, and office network initiatives, successfully driving a 10% reduction in annual expenses and a 6% increase in revenue. • Expertly developed and implemented Business Intelligence scorecards, dashboards, and metric decks that significantly enhanced management's understanding of the P&L and critical business metrics. • Partnered closely with the investor relations team to craft compelling narratives that effectively communicated quarterly and annual performance to stakeholders. • Initiated a comprehensive RFP process for the department, encompassing needs analysis, vendor selection, integration consulting, user acceptance testing (UAT), data validation, and training initiatives to successfully implement the Cognos ERP.

Scott Hess Skills

Finance Financial Modeling Financial Analysis Management Corporate Finance Asset Management Strategic Planning Financial Services Banking Equities Investments Financial Planning Analysis Loans Portfolio Management Credit Asset Managment Strategic Financial Planning Leadership Financial Reporting Business Intelligence Cognos Tm1 Oracle Applications Multi Channel Retail Microsoft Office Microsoft Excel Human Resources Operations Management Corporate Fp&a Planning Budgeting And Forecasting Capital Budgeting Alco Cost Accounting Cognos Hyperion Planning Hyperion Xero Quickbooks Strategy Budgeting Accounting Risk Management Business Planning Due Diligence

Scott Hess Education Details

  • Pepperdine Graziadio Business School
    Pepperdine Graziadio Business School
    General
  • University Of South Florida Muma College Of Business
    University Of South Florida Muma College Of Business
    General

Frequently Asked Questions about Scott Hess

What company does Scott Hess work for?

Scott Hess works for Main Street Iq

What is Scott Hess's role at the current company?

Scott Hess's current role is Fractional CFO - $50MM Apparel Brand.

What is Scott Hess's email address?

Scott Hess's email address is sc****@****ang.com

What is Scott Hess's direct phone number?

Scott Hess's direct phone number is +131292*****

What schools did Scott Hess attend?

Scott Hess attended Pepperdine Graziadio Business School, University Of South Florida Muma College Of Business.

What skills is Scott Hess known for?

Scott Hess has skills like Finance, Financial Modeling, Financial Analysis, Management, Corporate Finance, Asset Management, Strategic Planning, Financial Services, Banking, Equities, Investments, Financial Planning.

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