Nick Bitsimis Email & Phone Number

San Diego, Ca, Us

Saddle Brook, New Jersey, United States

Responsible for all Financial Operations of 13 locations serving the five boroughs of NYC (Manhattan, Queens, Brooklyn, The Bronx, Staten Island)

Greater New York City Area

Partnered with CEO and CFO to re-engineer the Finance Department• Reorganized the Finance Department into 2 groups (Finance – Business Analysis, forecasting, planning, financial systems & Accounting – Daily transactions, back-office functions, etc.) and reduced headcount by 2 people enabling staff to focus on areas of strength in order to support the organization’s goals for 2019 and beyond• Trained staff on best practices for reconciling and analyzing all general ledger accounts on the… Show more Partnered with CEO and CFO to re-engineer the Finance Department• Reorganized the Finance Department into 2 groups (Finance – Business Analysis, forecasting, planning, financial systems & Accounting – Daily transactions, back-office functions, etc.) and reduced headcount by 2 people enabling staff to focus on areas of strength in order to support the organization’s goals for 2019 and beyond• Trained staff on best practices for reconciling and analyzing all general ledger accounts on the Balance Sheet in order to drive impactful business decisions and satisfy external audit requirements• Trained staff regarding proper methodology of researching historical customer transactions (contract price, change orders, invoices, requisitions, payments, etc.) in order to determine proper A/R balance• Implemented improved cash application procedures in order to eliminate numerous misapplied customer payments• Established sub-business categories in A/R aging to streamline the management and review process and implemented bi-weekly meetings with each customer account manager and business unit leader to review status of all unpaid invoices• Implemented internal control over all A/R write-offs requiring CFO approval over a certain dollar threshold• Reduced A/R over 90 days from 30% to 10% of total receivables while strengthening customer relationships • Streamlined billing process by improving communication of customer contract information between Sales Force and Quickbooks • Implemented monthly review process with the CEO, CFO, and Director of Solar Panel Installation Group• Established monthly analytics/KPI’s (including Direct vs Indirect hours and man-hours per solar panel) to assess and ultimately improve the Solar Panel Installation team’s overall performance Show less

San Jose, Ca

Partnered with CEO to develop a proposal for the launch of a new business opportunity with a major Semiconductor Equipment Company in South Korea• Developed integrated/flexible financial projection model for the proposed first five years of operation identifying expected critical financial requirements of the business• Consulted with CEO, Business Development Manager and VP of Operations on a regular basis• Participated in several formal meetings and made presentations to key… Show more Partnered with CEO to develop a proposal for the launch of a new business opportunity with a major Semiconductor Equipment Company in South Korea• Developed integrated/flexible financial projection model for the proposed first five years of operation identifying expected critical financial requirements of the business• Consulted with CEO, Business Development Manager and VP of Operations on a regular basis• Participated in several formal meetings and made presentations to key customer (equipment company) in order to justify financial funding requirement for a $12.5M purchase of new manufacturing equipment• Assisted CEO with review and approval of Global Supply Agreement with equipment company• Reviewed and restated 4 years of financial statements for their existing Korean subsidiary• Represented company as lead financial executive during Equipment Company's QBR (quarterly business review) in China• Represented company as lead financial executive during key meeting in Korea with another major Semiconductor equipment company resulting in guaranteed commitment of 100% increase in annual revenue for 2018 Show less

Greater New York City Area

Responsible for all Worldwide Financial Operations, including financial reporting, treasury, tax and compliance covering three locations in New York, Michigan and California.- Reorganized Finance department to align with the needs of the organization, reduced staff from 16 to 11 people and saved $750k.- Key member of Executive Management Team that led the company through Chapter 11 Bankruptcy and Section 363 Auction Sale.- Maintained Key Supplier relationships and negotiated… Show more Responsible for all Worldwide Financial Operations, including financial reporting, treasury, tax and compliance covering three locations in New York, Michigan and California.- Reorganized Finance department to align with the needs of the organization, reduced staff from 16 to 11 people and saved $750k.- Key member of Executive Management Team that led the company through Chapter 11 Bankruptcy and Section 363 Auction Sale.- Maintained Key Supplier relationships and negotiated improved payment terms which were key elements for the successful turnaround of the company.- Successfully managed Working Capital and maximized Cash Flow throughout the Turnaround by preparing extensive Cash Flow analysis through interface with Operations, Sales, and Marketing on a weekly basis.- Implemented various IT Cost-effective solutions while improving quality and saved the company over $500k in annual spending. Show less

Fremont, Ca

Developed and was responsible for all worldwide financial reporting of Fremont and Korea start-up operations including budgeting, forecasting, reporting of actual results, strategic planning and cash forecasting.- Led financial integration activities of newly acquired business, meeting objectives of corporate office without any business interruption.- Developed and strengthened business processes and internal controls for both locations in Fremont and Korea.

Plainview

Oversaw all worldwide financial reporting of 3 business units located in New York, Colorado, and California including budgeting, forecasting, reporting of actual results, strategic planning, and process improvement.- Drove company-wide cost reduction during industry downturn reducing costs by approximately $5M- Helped lead Colorado management team through organizational changes in manufacturing, improving operational performance by contract manufacturer.- Established financial… Show more Oversaw all worldwide financial reporting of 3 business units located in New York, Colorado, and California including budgeting, forecasting, reporting of actual results, strategic planning, and process improvement.- Drove company-wide cost reduction during industry downturn reducing costs by approximately $5M- Helped lead Colorado management team through organizational changes in manufacturing, improving operational performance by contract manufacturer.- Established financial reporting and key business processes for new Certified equipment business, increased revenue by 30% from 2010 to 2013 Show less

Plainview

Plainview, Ny