Michael Fox Email & Phone Number

Charlotte, North Carolina

• Implemented zero-base budget within IT Shared Services Group and delivered transparency.• Collaborated with 14 Cost Center Managers to develop accurate operating expense projections and provided leadership in managing the quarterly rolling operating expense forecast process with great success.• Enhanced the quarterly rolling capital forecast process to drive an investment prioritization process.• Improved monthly and quarterly management reporting, analyzing financial results &… Show more • Implemented zero-base budget within IT Shared Services Group and delivered transparency.• Collaborated with 14 Cost Center Managers to develop accurate operating expense projections and provided leadership in managing the quarterly rolling operating expense forecast process with great success.• Enhanced the quarterly rolling capital forecast process to drive an investment prioritization process.• Improved monthly and quarterly management reporting, analyzing financial results & assessing business risk. Show less

Washington, Dc

• For 135-plus consecutive months, met or exceeded operating budgets, averaging margins more than 40% during a 30 month earn-out period.• Managed accounting, financial management, risk management, human resources, and information technologies; established internal capabilities, hired team of professionals and increased proficiencies through hands-on training. • Audited prior five-year period, restated results after the implementing an industry standard chart of accounts, developed a… Show more • For 135-plus consecutive months, met or exceeded operating budgets, averaging margins more than 40% during a 30 month earn-out period.• Managed accounting, financial management, risk management, human resources, and information technologies; established internal capabilities, hired team of professionals and increased proficiencies through hands-on training. • Audited prior five-year period, restated results after the implementing an industry standard chart of accounts, developed a five-year business plan, providing historic comparison and trend analysis.• Positioned company attractively, resulting in the company’s acquisition by the Omnicom Group, resulting in significant return to the Partners and key employees.• Provided due diligence, financial modeling, and audit management to assess an offer to purchase; played active role in supporting the negotiations and final production of the purchase agreement.• After acquisition, continued with Omnicom for 10-plus years, providing the same measure of excellence. Show less

Reston, Va

• Recruited to immediately assume the financial management of the firm, as financially responsible Partner sold his 49% interest to a Venture Capital firm. Served as the liaison between the CEO and the Managing Partner for the VC firm.• Facilitated the establishment of a credit facility, developed banking relationships and handled the overall cash management.• Evaluated the accounting software, lead the implementation of a new accounting system that provided total integration of job… Show more • Recruited to immediately assume the financial management of the firm, as financially responsible Partner sold his 49% interest to a Venture Capital firm. Served as the liaison between the CEO and the Managing Partner for the VC firm.• Facilitated the establishment of a credit facility, developed banking relationships and handled the overall cash management.• Evaluated the accounting software, lead the implementation of a new accounting system that provided total integration of job cost, inventory management, purchase orders, and estimating along with other standard modules such as AP, AR, GL, and payroll.• Achieved substantial efficiencies with new software, especially in client billing which ultimately resulted in lowering our Days Bills Outstanding (DBO) and increased cash flow. Month-end and year-end closings went faster and more efficient.• Conducted an audit of the last three year’s financial statements and tax returns, restated three years of federal tax returns to significantly reduce the firm’s tax liability, and implemented a new reporting policy for calculating Gross Receipts Tax.• Lead two strategic technology initiatives that resulted in significant cost savings and increased profitability. Leveraged a new telecommunications technology, reduced headcount, and expanded product offerings. Changed the technology to process and store data, resulting in projects being completed quicker and more efficiently, while substantially reducing operating costs and space requirements. Show less

Arlington, Va

• Recruited to manage the traditional responsibilities of a CFO and immediately tasked to reorganize and consolidate the firm. Managed the process of moving the non-profit’s headquarters from New York City, negotiated the lease to close the office, and served as the liaison between the two offices throughout the process.• Served as Human Resources manager, and directed to reduce work force while maintaining same level of excellence and outstanding customer relations. Eliminated duplicate… Show more • Recruited to manage the traditional responsibilities of a CFO and immediately tasked to reorganize and consolidate the firm. Managed the process of moving the non-profit’s headquarters from New York City, negotiated the lease to close the office, and served as the liaison between the two offices throughout the process.• Served as Human Resources manager, and directed to reduce work force while maintaining same level of excellence and outstanding customer relations. Eliminated duplicate positions, relocated key personnel, and substantially reduced operating expenses.• Established a cohesive financial infrastructure that met industry standards and could handle recent technological advancements. Re-engineered the billing procedures to simply process, so that invoices could be generated faster, and to facilitate faster collections.• Implemented tight internal controls, and performed a review of vendor contracts and client agreements. Audited vendor contracts and invoicing for 36-month period resulting in a large credit for the membership, as escalated pricing was in place when contract stated fixed rates for the three-year term.• Produced and presented financial presentations at the quarterly Board of Directors meetings to share results and to garner support for various management initiatives. Show less

• Hired as catalyst for new management team, vested to purchase the firm, thus fulfilling the ownerships’ exit strategy.• Managed all financial functions and staff members within the administration, accounting, human resources, and technology departments.• Implemented a short-term strategic plan, including an operating budget, client profitability, and cash flow projections.• Established best-practices accounting procedures, tight internal controls, performed a solid risk… Show more • Hired as catalyst for new management team, vested to purchase the firm, thus fulfilling the ownerships’ exit strategy.• Managed all financial functions and staff members within the administration, accounting, human resources, and technology departments.• Implemented a short-term strategic plan, including an operating budget, client profitability, and cash flow projections.• Established best-practices accounting procedures, tight internal controls, performed a solid risk assessment, and effectively managed the business to increased profitability, a stronger cash position, and improved overall efficiencies. Show less

Bethesda, Md

• Originally selected to serve the role of Assistant Corporate Controller, and to supervise a staff of 20 professionals performing A/R, A/P, payroll, and general ledger functions. Directed major conversion of both the payroll and general ledger, while becoming a company representative of the DataTrack User Group, and provided systems and procedural training throughout the company.• Two years later accepted newly created position of Agency Controller, as a member of the management team… Show more • Originally selected to serve the role of Assistant Corporate Controller, and to supervise a staff of 20 professionals performing A/R, A/P, payroll, and general ledger functions. Directed major conversion of both the payroll and general ledger, while becoming a company representative of the DataTrack User Group, and provided systems and procedural training throughout the company.• Two years later accepted newly created position of Agency Controller, as a member of the management team, managed the finances of the largest agency within a firm consisting of 13 different agencies. Developed rolling-quarter operating budgets, staffing plans, and produced financial statements for the four business units with the agency. Achieved one of the largest revenue increase and the largest profit margins in the agency’s history, and this success resulted in the position being implemented company-wide.• Promoted to Director of Client Accounting to manage the billing function for the entire corporation and to supervise a staff of 30 professionals. Managed the invoicing of fees, production projects, and media for roughly 700 clients and $475M of revenue. Show less

Silver Spring, Md

• Started a Maryland based Home Improvement firm to serve home owners in Montgomery County Maryland.• Performed various home improvement projects that included skills in carpentry, drywall, and painting.• Expanded into Washington DC and worked on several renovation projects including build-outs for law firms.• Developed special painting techniques and began working exclusively for Interior Designers.• Work was recognized nationally by House Beautiful as one of the Ten Best… Show more • Started a Maryland based Home Improvement firm to serve home owners in Montgomery County Maryland.• Performed various home improvement projects that included skills in carpentry, drywall, and painting.• Expanded into Washington DC and worked on several renovation projects including build-outs for law firms.• Developed special painting techniques and began working exclusively for Interior Designers.• Work was recognized nationally by House Beautiful as one of the Ten Best Designer Showrooms of 1987. Show less

Takoma Park, Md

• Hired as the first controller for the organization to evaluate accounting and financial software package and to implement new software system. Implemented new policies and procedures to prepare for the expected growth of the company. • Managed all financial functions including Billings (AIA), Accounts Receivable, Accounts Payable, Payroll, Budgeting, Financial Reporting, and Information Technologies.

Mclean, Va

• Hired as part of the Internal Audit department as an internal auditor to travel North America and their numerous entities ranging from Defense Contracting, Aviation, and Construction Contractors.• Participated in engagements in all three divisions, producing audit work papers, interviewing staff, evaluating internal controls and local policies and procedures. • Assisted with auditing various EDP systems to insure accuracy and compliance with company standards.• Hand-Picked by CEO… Show more • Hired as part of the Internal Audit department as an internal auditor to travel North America and their numerous entities ranging from Defense Contracting, Aviation, and Construction Contractors.• Participated in engagements in all three divisions, producing audit work papers, interviewing staff, evaluating internal controls and local policies and procedures. • Assisted with auditing various EDP systems to insure accuracy and compliance with company standards.• Hand-Picked by CEO Dan Bannister to participate in an investigation of the Pac-Ord Division to identify and prove fraudulent practices being conducted by company executives against the US Government resulting in prison sentences. Show less

Bachelor Of Business Administration - Bba, Accounting & Finance / Insurance

Northeastern University utilizes Cooperative Education Program. Completed a two-year comprehensive Manufacturing Controller Trainee.

Accounting And Business/Management

High School