Richard Mccarthy Email & Phone Number

Portland, Maine, United States

• Led 10 direct reports, headed operations of two corporate offices, and managed 650 employees across 18 locations
• Achieved unprecedented company growth, doubling revenue from $21M to $42M in seven years, alongside expanding facilities within the portfolio from 11 to 18
• Steered the acquisition and financial recovery of a distressed business, boosting revenue from $5M to a stable $10M with a 14% profit margin through strategic restructuring
• Implemented targeted KPIs across Finance, Operations, and HR domains to minimize waste and optimize revenue
• Directed financing arrangements for the acquisition of seven facilities, strategically leveraging HUD refinancing for six existing properties to sharply lower debt costs and reduce ownership risks
• Drove expansion into commercial residential real estate, diversifying company portfolio and unlocking new revenue streams beyond healthcare

• Led financial and operational activities for a fast-growing private equity firm with investments ranging from $4M to $15M
• Managed treasury functions, forecasting, budgeting, and daily cash analysis
• Facilitated acquisitions and provided crucial support to the CEO and CFO for growth strategies
• Engineered a dynamic treasury management framework, optimizing cash flow operations across multiple ventures, culminating in a robust liquidity stance that facilitated swift and decisive business decisions
• Strategically navigated acquisition endeavors, meticulously conducting due diligence activities and seamlessly integrating acquired entities, resulting in an expanded portfolio with synergistic growth potential
• Optimized the monthly close process, implementing agile methodologies that expedited reporting cycles and furnished leadership with timely, actionable insights, fortifying organizational agility and competitiveness

Londonderry, New Hampshire, United States

• Implemented a robust forecasting system that enhanced accuracy and timeliness, enabling proactive decision-making and resource allocation
• Spearheaded financial analysis initiatives, identifying key performance drivers and recommending strategic adjustments to improve program financial performance
• Collaborated closely with business development teams to refine pricing strategies and proposal methodologies, leading to improved win rates and new avenues for growth opportunities
• Developed a rigorous capital expenditure approval process, ensuring alignment with strategic objectives and prudent financial management practices that significantly improved resource allocation and cost control
• Enhanced the effectiveness of monthly program reviews by instituting comprehensive updates to program EACs and corresponding financial information, delivering actionable insights to inform executive decision-making
• Mentored and coached a team of nine financial analysts, fostering a collaborative and high-performing culture

New England Region

• Senior leader of a $350MM business overseeing two laboratories and 285 service locations in New England
• Key resource to the Vice President of Operations, providing guidance and recommendations to drive sales, operations, and finance
• Leader of a 7-member financial team, responsible for accounting, budgeting, forecasting, performance analysis, internal controls, capital efficiency, sales support, and metrics reporting
• Financial leader of the Executive team, driving process improvement and increasing productivity by 15%
• Developed cost reduction and restructuring action plan, delivering $20MM in savings

City Of Bristol, England, United Kingdom

• Ensured the $120MM global division exceeded financial targets by driving organizational efficiency and tracking business performance metrics
• Discovered and resolved revenue recognition issues, implementing preventative processes
• Directed Sarbanes-Oxley initiatives and monitored risk management activities to mitigate potential risks
• Provided financial leadership to a 120-employee Engineering department, overseeing contract execution ranging from $100K to $20MM
• Achieved 100% on-time reporting accuracy by implementing process improvements in actuals and forecasting reporting
• Developed annual budgets and monthly forecasts with 95% accuracy

Windsor Locks, Connecticut, United States

• Implemented process enhancements and robust accounting controls for a $1.3B division, overseeing operations across 11 domestic and international entities
• Conducted quarterly site visits, analyzed R&D contract cost estimates at completion (EACs), and conducted thorough reviews of balance sheets and profit and loss statements
• Offered technical expertise to business units, resolving issues related to product line sales, business mergers, sale-lease-back transactions, warranty accounting, and restructuring initiatives
• Provided comprehensive briefings to the division President and Director of Finance on pertinent accounting and operational matters, introducing innovative procedures to streamline operations
• Streamlined monthly financial reporting processes and contributed to forecast updates
• Executed risk-based compliance assessments in adherence to GAAP, Sarbanes-Oxley, and UTC Financial guidelines

Hartford, Connecticut, United States

• Oversaw $500MM in annual restructuring actions, providing execution and accounting guidance, implementing data consolidation methodologies, and devising external reporting strategies
• Supported business objectives by advising controllers, assistant controllers, and finance managers across seven business units as the Internal Accounting Advisor
• Prepared annual reports and conducted reviews as a key member of the Controllers group
• Enhanced efficiency and productivity by clarifying and standardizing corporate accounting policies
• Assisted in the preparation of SEC quarterly filings and collaborated with external auditors
• Collaborated with Investor Relations, Legal, Treasury, and Tax departments on critical projects, reporting, and analysis activities

Windsor, Connecticut, United States

• Directed a finance team of 13 professionals, overseeing account reconciliation, issue resolution, and process improvement
• Managed accounting for $20B in accounts payable and travel expenditures
• Responsible for financial, operational, and compliance controls for accounts payable, travel audit, and payroll
• Led the implementation and testing of Sarbanes-Oxley compliance, supervising review of 1100 unique controls

Hartford, Connecticut, United States

Glastonbury, Connecticut, United States

Master Of Business Administration - Mba

Bachelor Of Science - Bs, Accounting And Finance