Michael Loretta Email & Phone Number

New York City Metropolitan Area

New York City Metropolitan Area

Global treasury team leader responsible for cash and working capital management of a publicly traded marketing holding company with a market cap of $1.8 billion and revenue of $2.7 billion• Developed and executed measures to remediate a $200 million working capital deficit in four months• Negotiated the amendment of a $1.1 billion syndicated credit agreement to incorporate a $100 million receivables purchase facility• Created a multi-currency cash consolidation banking facility for over 10 UK entities

Greater New York City Area

A trusted adviser to the CEO, COO, and senior management for overall business strategy of strategic and creative communications agency, leading the finance function with responsibility for strategic financial planning and analysis, budgeting, forecasting, and reporting• Facilitated organizational growth in revenue ($47 million to $135 million), EBITDA ($6 million to $13 million), and headcount (125 to 240)• Developed and maintained operating model to provide CEO and COO with real-time financial performance metrics• Created and launched new process to measure and monitor practice group profitability that increased margins and realization

Greater New York City Area

Department head for publicly traded global marketing holding company, responsible for network-wide financial reporting and analysis, budgeting, and forecasting• Strategically partnered with senior management throughout a network of 40+ global agencies on an ongoing basis to solve a wide range of financial and operation issues• Managed corporate development function across agency network, including acquisition earn-out and profit distribution payments, profits interests and compensation plans, acquisition due diligence, and new agency integration and onboarding

Greater New York City Area

Corporate accounting team leader responsible for network-wide consolidated accounting and financial reporting compliance• Responsible for the quarterly and annual financial statement process, related disclosures, and management’s discussion for quarterly and annual SEC filings• Performed purchase accounting and related valuations for acquisitions and incremental ownership interests• Determined contingent purchase price obligations based on estimates of future earnings and operating metrics

Greater New York City Area

Supervised accounting managers and staff located in various offices leading monthly and quarterly close process, including consolidation of foreign and domestic companies as well as drafting financial statements and related disclosures for audited consolidated and carve-out financial statements• Partnered with senior management on M&A diligence, executed and integration, including $690 million sale of a division by leading valuation modeling, responding to due diligence requests, and preparing Regulation S-X quarterly financial information incorporated into a 144A offering memorandum• Integrated an acquisition in a regulated industry into existing structure and developed processes and procedures for the newly formed division with annual revenue of approximately $20 million• Coordinated and established financial and operational structure for significant international expansion• Responsible for divisional budgeting and reconciliation for newly acquired business units and credit agreement covenant compliance

Greater New York City Area

• Managed overall engagement processes including fee proposal, planning, monitoring of progress, and analyzing results• Performed auditing procedures and research on complex accounting and reporting issues, including analysis of the impact of new accounting pronouncements, and providing interpretative guidance to clients• Evaluated clients’ internal control process and provided recommendations to management• Reviewed and issued key client deliverables, including financial statements and other required communications• Presented audit findings to executive management and audit committees

Master Of Business Administration (M.B.A.)

Master Of Science (M.S.), Accounting

Bachelor Of Science (B.S.), Accounting

Bachelor Of Arts (B.A.), Philosophy