Michael Scharf Email & Phone Number

Orlando, FL, US

New York, NY, US

At Accordion, Michael advises clients in the following areas: Financial Reporting, New Accounting Pronouncements, Mergers & Acquisitions, IPO Readiness, and Financial Close Process Acceleration.

Orlando, FL, US

• Directed the finance integration of a $200 million acquisition of a five-hospital health system in Puerto Rico including accounting for the transaction under ASC 805 Business Combinations.
• Led a team of finance professionals (ten direct reports) responsible for technical accounting initiatives across Orlando Health’s $7 billion revenue healthcare system.
• Designed the finance operating model for a portfolio of Joint Venture businesses in the following areas: Financial Reporting, Accounts Payable, Treasury, and Inventory Management.
• Acted as a liaison to the CFO and VP for eleven Joint Ventures. Responsible for financial reporting, treasury, dividend distribution calculations, accounts payable and compliance reporting.

Worldwide, OO

• Led assessment and implementation of new accounting standards including ASC 606 Revenue Recognition and ASC 842 Lease Accounting.
• Managed a global cost center usage assessment following a multi-billion dollar business acquisition. Project supported the integrity and validity of external SEC filings, enhanced management's transparency into expense.
• Coordinated the consolidation and financial reporting of IFRS required footnote disclosures for a global pharmaceutical client following a $60 billion acquisition. Activities included the development of submission.
• Led US GAAP to IFRS accounting policy adoption integrating the accounting policies of two large global corporations including the design and implementation of a governance program.
• Conducted inventory management assessment for a large distribution and retail operation. Project recommendations deepened leadership’s understanding of strong governance principles to mitigate risk of material.

Worldwide, OO

• Managed the preparation of Sarbanes-Oxley Act compliance prior to IPO for a multi-national corporation. Project included current vs. future state gap analysis reporting, strategic recommendations, site audits, and.
• Advised clients through a multitude of finance transformation initiatives including: audit readiness, financial reporting following M&A deal-close, governance structure for new regulatory compliance and preparation for.

Pittsburgh, PA, US

• Coordinated with the Corporate Strategy and I.T. departments to develop a Daily Sales Dashboard for the Vice President of Packaging Coatings. Deliverable exceeded expectations and was replicated for the Industrial.
• Directed a project that identified root causes for rising logistics costs in Mexico. Provided strategic analysis and delivered an action plan to lower freight costs as a percent of sales
• Presented findings and recommendations to panel of executives including Chief Financial Officer

Chicago, IL, US

• Managed revenue optimization and space planning strategy (overbooking), utilizing current and historical data to develop trends for two of United’s largest domestic markets (Washington D.C.and Philadelphia) responsible.
• Developed Revenue Opportunity Identifier tool used by all analysts and management to identify revenue opportunities during periods of increased traffic and enables analysts to better leverage yield for these revenue.
• Created curriculum and taught Special Events Management class and Orion Tools II class to three years of Revenue Management new hires

Chicago, IL, US

• Analyzed and successfully implemented new Weekender/E-Fare strategy with emphasis on increasing product’s revenue while minimizing dilution. Resulted in $20M annual revenue benefit
• Served as designated mentor to new pricing analysts

Chicago, IL, US

Developed and implemented pricing strategies to maximize revenue in a variety of domestic markets responsible for over $150 million in annual revenue

Burbank, CA, US

Management team member responsible for the merchandise operation at the Main Entrance to the Magic Kingdom. Operation included three merchandise stores, delivery services, locker rental, merchandise carts, and stroller rental with over 200 full-time, part-time and seasonal employees.

Master Of Business Administration (Mba), Corporate Finance

B. A., Sociology