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Senior financial and operational leader driving revenue and EBITDA growth through organizational restructuring, development of innovative business metric systems, merger & acquisition activity and the implementation of effective internal controls and processes. Proven turnaround successes in both Public and PE owned companies resulting in sale transactions benefiting shareholders and ownership.Hands on analytical problem solver and accomplished negotiator with a history of delivering solutions. Proven ability to influence change, increase profitability and control cost while building world class finance, accounting and operations teams. Driven to succeed in all endeavours through the relentless pursuit of excellence.Financial Management: Ability to create, lead and achieve the business strategy by installing metrics driven key performance indicator environments in combination with risk management controls over Compliance/Legal/Regulatory/Audit, Banking & Treasury, Financing, Leasing, Real Estate, Vendors, IT and HR. Specific skills include: Cost/Benefit Analysis, Cash and Liquidity Monitoring, Expense Control, Financial Analysis, Financial Statements, Corporate Insurances and Benefits, SOX/Internal Controls and Team Building. Directed Accounting, Finance, Treasury, Operations, Tax, IT and Human Resources.
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Bp Environmental ServicesTrenton, Nj, Us -
CfoCds Jan 2024 - PresentEatontown, Nj, Us• Leader of Accounting, Finance, Reporting, Treasury, Budgeting, Asset Mgmt., Audit, Insurance, Legal & Administrative activities for our worldwide Data Center Support company. -
Chief Financial OfficerSprinturf Jan 2023 - Oct 2023Daniel Island, South Carolina, Us• Leader over all Accounting, Financial Reporting, Treasury, Budgeting, Asset Mgmt., Audit, Insurance, Legal & Administrative activities• Teamed with Executive Leadership and PE Ownership to Market the company for sale• Led annual Benefits renewal process with assistance from external Broker • Primary point of contact for legal, audit, human resource activities • Compliance Reporting preparation to lenders• Tracked and Projected Cashflow on weekly basis• Project leader for Inventory and Accounting Receivable historical cleanupSuccesses• Key participant in successful sale of Company, $180M, all cash deal• Leader of annual financial audit performed by Forvis, delivered report on time, unqualified report • Implemented ASC 842 lease accounting standard• Accounting team build out, hired Corp Controller, Asst Controller, Payroll/HR Generalist, Office Mgr.• Key participant in refinance of company’s senior debt - $51M with Regions Bank & East West Bank • Build out of Data Room for Due Diligence• Participated in early look presentations with CEO to interested PE and Strategic buyers• Led transition of credit card purchasing from Amex to Ramp (Visa) with link to NetSuite • Leader of Business and Employee Insurance Renewal processes• Reduced Accounting close process from 30 days to 17• Revised AP process to improve DPO by 15 days -
Chief Financial OfficerAergo Solutions Jun 2018 - Jul 2022• Leader over all Accounting, Financial Reporting, Treasury, Budgeting, Asset Mgmt., Audit, Insurance, Legal & Administrative activities• Teamed with Executive Leadership and PE Ownership to Market the company for sale• Leader over IT helpdesk support and computer infrastructure• Led annual Benefits renewal process with assistance from external Broker and HR Manager• Company leader for Covid-19 pandemic policies and initiatives• Primary point of contact for legal, audit, human resource activities • Preparer of Mth, QTR, Semi-Annual Compliance Reporting to Financial Lender• Tracked and Projected Cashflow on weekly basisSuccesses• Key participant in sale of company to Strategic Buyer - $50MM all-cash transaction• Led several due diligence efforts with Interested buyers• Secured a $2.5MM PPP Loan during Pandemic which was 100% forgiven• Secured a $2.1MM Employee Retention Credit (ERC) to bolster operating liquidity • Led two major office expansions, NJ & TN, as internal General Contractor doubling size and quality of space• Implemented 606 Revenue Accounting for specific clients• 4 unqualified audits• Created recurring management reporting – Client Profitability, Cash Tracking, Headcount, P&L, EBITDA• Completed Purchase / Merger Accounting for company’s merger in 2017• Installed $500,000 Corporate Credit and Purchasing Card Program with American Express• Led technology rollout to move majority of workforce to remote environment during pandemic
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Cfo/CooStandard Merchandising Co. Aug 2016 - May 2018
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Cfo/CooStandard Merchandising Co. 2016 - 2017
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Interim CfoPine Oct 2015 - Jun 2016Windsor, Nj, Us• Led all accounting & financial activities of Company upon abrupt departure of CFO• Planned, sourced and hired permanent accounting team (Controller, FP&A, Staff Accountants)• Managed Daily Liquidity and Forward Looking forecasting and • Assumed responsibility for creation of Financial Statement and Key Performance Indicators • Partnered with Operations leadership to re-engineer Billing process to clear backlog• Organized accting staff, consultants, managers and auditors to complete year-end Inventory • Documented ERP System shortfalls,Teamed with Vendor, Consultants, Management to stabilize and fix system bugs • Led the accounting team to accumulate and submit information requested for year-end audit• Prepared and submitted Borrowing Base, Covenant Compliance and Financial Statements to Lenders & Management • Partnered with External Accounting Firm on Transfer Pricing Initiative to Minimize tax exposure• Prepared Q3 2015 Board of Directors Presentation and Led the Review of the QTR/YTD Financial Statements and KPIs• Provided Financial Overview to (8) potential banking entities for $65 Million Debt refinance (Supplied Core Financial data for Presentation) SUCCESSES• Reduced invoicing backlog of 3,000 dating back 3 month to zero in 60 days• Improved Liquidity from $1.0 Million to $3.0 Million daily trend balance in 90 days• Prepared 2016 Budget• Sourced and Hired 4 key permanent accounting and analysis staff members • Led successful completion of year-end Inventory• Led transition of accounting process from 3 accounting systems to 1 system starting 1/1/16 • Provided Financial Backstory to interested Lenders for $65 Million refinancing -
Interim CfoSurgical Solutions Nov 2014 - Oct 2015• Led all financial activities upon sale by owners to Private Equity Ownership• Transitioned Acctng from external firm to internal team• Designed & Developed Comprehensive Metrics Reporting Process• Developed Pricing & Costing Models for Sales Opportunities• Selected and Engaged Crowe Horwath as new Audit & Tax Provider• Transitioned Treasury to Silicon Valley Bank, Implemented Online Banking • Engaged Marsh & McLennan as Broker for Corporate & Employee Insurances • Responsible for IT Leadership including Hardware, Software, Telephone• Drafted Accounting and Travel Reimbursement Policies • Interfaced with Debt Lender on Covenant Reporting and Compliance • Acted as Company paralegal drafting New Contracts, Amendments & Extensions• Presented Financial and Business Activities to the Board of Directors Quarterly• Reviewed Monthly Financial Statements and Provided PE ownership with MD&A on all Aspects of BusinessSUCCESSES• Selected, Engaged Valuation Firm for GAAP Valuation • Implemented Comprehensive Financial and Key Metrics Reporting• Led 1st formal Audit resulting in an Unqualified Opinion • Installed Cash Tracking/Reporting System • Restructured Treasury Process and Selected New Banking Partner • Reduced Insurance Cost by $50,000 annually • Reduced Accounting Close process and financial statement preparation from 30 to 10 days• Key Contributor in the Award of a 6 Year $65 Million Contract with Health Hospital Corp NYC• Established Leasing Relationship with National Firm for Multi-Million Dollar Medical Equipment Placements• Installed comprehensive Budgeting and Forecasting Process• Provided Debt Lender with timely Covenant Reporting Results • Implemented New Online Travel and Expense Reimbursement System Companywide• Installed MS Office 365 Companywide, Issued consistent email addresses to all employees, Procured New Computers, Transitioned Accounting system to Web-based platform, Assisted in Development of New Website Content
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Interim CfoScout Media Inc. May 2014 - Oct 2014Toronto, Ontario, Ca• Assisted in development of multi-year forward looking EBITDA model • Performed a complete Sales/Operational/Accounting system analysis• Sourced Software solutions, Arranged for system demos, Provided guidance to remove redundant systems and streamline manual processes• Reviewed monthly financial statements and provided PE firm with insights on Cash and A/P management• Participant in Lender presentation meeting and information sharing• Interface with external audit team on topics covering valuations and reserves• Organized Corporate information concerning legal entity structure for tax and reporting purposes• Analyzed $12 Million Inventory and provided guidance to optimize revenue and cash opportunities -
CfoSouthwest Florida College Feb 2012 - May 2014Fort Myers, Fl, Us• Leader of Finance, Accounting, Treasury, Financial Reporting, Banking, Audit, HR, Tax, Insurance and Administrative functions• Relationship Manager with financial community: banks, private equity partners, lenders, public accounting, real estate, insurance• Financial Advisor to CEO and Board of Directors regarding all facets of business• Developer and Communicator of Company Key Financial models, metrics, dashboards and results• Interface with other Management on Federal and State Regulatory Reporting and Compliance • Performed Forensic audit on behalf of Private Equity Owners – Reviewed P&L’s, Balance Sheets and Cash flows for anomalies• Discovered and corrected $2.3 million of accounting irregularities • Implemented control processes over cash reporting, revenue recognition and reserve accounting• Completed 2011 Audited Financial Statements with External Audit Firm for submission to Regulatory Agencies • Created new management reporting for student enrollment counts• Partnered with CEO, COO, Board Members, Equity Owners, Accounting Staff, other CMF Consultants and External Auditors• Recruited and hired new members of accounting staffSUCCESSESSCF Holding Corporation• Successfully completed sale of SWFC to another FL school chain - April 2014• Implemented new financial and key metrics reporting for Management, Equity Ownership and Lenders• Assisted CEO and COO in reducing operating cost by $8.0 Million in 12 months• Restructured Treasury Process and eliminated 2 of 4 banks• Installed daily cash reporting and bank reconciliation processes across 10 campuses• Reduced Accounting Close process and financial statement preparation from 60 to 15 days • Implemented new 401K plan with richer benefits for participants at a lower cost to both company and employees• Installed a comprehensive budgeting and forecasting process with management participation and accountability -
Chief Financial Officer (Cfo)Access To Money, Inc Aug 2007 - Dec 2011UsPublic Company (AEMI) - Automated Teller Machine services company supporting large retailers, banks, credit unions, convenient store and fuel merchants, hospitals, universities and pharmaceutical corporations. Annual sales of $90 million; 65 employees.; • Leader of Finance, Accounting, Treasury, Public Reporting, Banking, Audit, HR, Tax, Insurance and Administrative functions• Relationship Manager with financial community: banks, private equity partners, lenders, public accounting firm, legal, real estate, equipment leasing• Financial Advisor to CEO and Board of Directors regarding all facets of business• Developer and Communicator of Company Key Financial and Operational models, metrics, dashboards and results• Author of Public reports 10-Qs,10-Ks and other filings - Primary Interface with SEC and Other Governmental Entities • Recruiter and Builder of Accounting team from ground up - Transitioned all Accounting functions from West to East Coast • Negotiator of major supplier contracts for armored car, telephone, equipment service, audit, insurance, banking, vault cash, software vendors• Controller of SOX 404 internal control process, compliance, documentation, and implementationSUCCESSESAccess to Money• Merged Company with largest Industry Competitor producing $25 million of consideration for Debt holders and Shareholders• Re-negotiated vendor contracts improving financial results by $2 million• Secured a $100 million line of credit for ATM operations – reduced operating cost $1.5 million• Refinanced $20 million of debt - Reduced Interest Cost by $3million• Reduced Corporate and Employee Benefits Insurance Premiums by $500,000• Saved $500,000 through change of external Audit and Tax providers• Built 12 person accounting team from ground up -
CfoDirect Group 1999 - 2006RuPrivately held Direct Mail and Fulfillment services company supporting major financial, banking, insurance and marketing firms with annual sales of $100 million and 1,000 employeesChief Financial Officer (CFO)• Leader of all Finance, Accounting, Treasury, Reporting, Banking, Audit, HR, Tax and Admin functions in manufacturing setting• Executive Relationship Manager with financial community including banking, lenders, audit, insurance, legal, real estate, leasing• Strategic direction setter with Ownership, Venture Capital Partners , Bankers, Creditors and Operation leaders• Manager of all corporate insurance, legal negotiations, contract/lease/statutory reporting, internal control processes & SOX compliance EVP & General Manager• Manager of Direct Mail production facility - Manufacturing, Facilities, Distribution, Security, Warehousing, Transportation• Accountable for 45 Mgrs, 600 plant employees• P&L responsibility for $60 million manufacturing / distribution operating budget• Lead transition, relocation and closure of acquired $30 million, union run, direct mail competitorEVP Compliance, Administration & Integration• Developed and reported key financial and operational metrics, dashboards and reports with real time performance monitoring• Led cross functional teams in software implementation of enterprise wide financial and production systems• Prepared and coordinated Monthly Financial Reporting for Investment Group, Lenders, Board of Directors • Directed corporate-wide purchasing and procurement -
Finance LeaderAcxiom Aug 1988 - Jul 1999Conway, Arkansas, UsPublic Company - Multinational Database, Customer Relationship Management, Data Content and Management Company with annual sales of $3.0 Billion and 5,000 employees worldwideFinance Leader, Conway AR, Greenwich, CT Apr 1993 to Aug 1999Corporate Accounting Manager, Conway, AR Sept 1989 to Mar 1993Division Controller – Fulfillment Division, Lakewood, NJ Aug 1988 to Aug 1989• Leader in financial management, reporting, controls and systems during annual revenue growth from $69-800 million• Formalized Capital Expenditure committee reporting and controls as spend increased from $20-100 million annually• Lead developer of Activity Based Management Reporting Systems• Developed Associate Development Process including (Career Planning, Pay Banding, Review Process)• Consolidation of results and financial interface with of International subsidiaries in UK and Netherlands• Analyzed M&A targets providing wide range of modeling and synergy planning during due diligence and acquisition• $400 million Cash Management accountability over finance activities of Brokerage/Management operation in CT• Managed Revenue processes (Billings, Receivables, Collections, WIP) -
Investment Accountant And AuditorPrudential Insurance Company May 1985 - Aug 1988
Mike Dolan Skills
Mike Dolan Education Details
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University Of ScrantonAccounting -
University Of ScrantonAccounting
Frequently Asked Questions about Mike Dolan
What company does Mike Dolan work for?
Mike Dolan works for Bp Environmental Services
What is Mike Dolan's role at the current company?
Mike Dolan's current role is CFO CDS.
What is Mike Dolan's email address?
Mike Dolan's email address is mi****@****ail.com
What is Mike Dolan's direct phone number?
Mike Dolan's direct phone number is +121553*****
What schools did Mike Dolan attend?
Mike Dolan attended University Of Scranton, University Of Scranton.
What are some of Mike Dolan's interests?
Mike Dolan has interest in Family, Golf, Travel, Triathlon.
What skills is Mike Dolan known for?
Mike Dolan has skills like Financial Analysis, Managerial Finance, Mergers And Acquisitions, Financial Modeling, Finance, Strategic Planning, Due Diligence, Financial Audits, Leadership, Financial Reporting, Internal Controls, Auditing.
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