Paul Karl Email & Phone Number

Chicago, Il

Casa Central transforms lives and strengthens communities with a special focus on Hispanics. Our network of services propels a diverse population of all ages toward self-sufficiency and a higher quality of life.

Grayslake, Il

Earth Paints Collection Systems diverts unused latex paint from landfills and recycles it into quality, low cost products, thereby protecting the environment and conserving our natural resources, as well as producing new materials that can be used.

Greater Chicago Area

The mission of Conserve Lake County is to preserve open land, restore natural areas, and inspire a commitment to land conservation for the benefit of people and wildlife in Lake County.

Greater Chicago Area

Managing Executive of Xpira, a startup subsidiary specializing in outsourced finance and accounting for non-profit organizations and implementation of alternative staffing models to support Crowe Horwath accounting and consulting projectsLead executive managing multiple non-profit outsourced finance clients. Maintained direct relationships with CEOs/CFOs, supervised efforts of outsourced client controllers and managed relationship with third party providing transactional accounting and reporting services from India Developed and implemented a flexible organizational and staffing infrastructure responsive to Crowe Horwath client engagement team needs for experienced financial and consulting project personnel

Led the strategic and operational initiatives and activities of the Finance, Information Systems, Human Resources, Facilities, and Retail Operations teamsMember of the Senior Officer team and Board Member of 3 subsidiariesKey leadership role in determining overarching strategic goal of the Agency and driving the strategy through individual and team performance management goals and measurement of outcomes linked to the Agency’s strategic planLed the due diligence process and integration of two successful business acquisitionsDeveloped plan to upgrade and integrate Agency information systems to increase productivity, process efficiency and access to informationRecommended and implemented defined benefit pension plan freeze and 403(b) thrift savings plan replacement to stabilize expenses and cash flow – achieved cumulative savings of over $1 millionNegotiated service rate enhancement on contracts which increased revenues by approximately $200,000 annuallyRe-allocated costs on state contracts to save over $600,000 in “excess” revenue claimed by the state, which represented over 3% of the Agency’s annual budget at that timeDeveloped Agency all inclusive paid time off (PTO) policy which enhanced time off benefits for employees while streamlining administration of the programImplemented flexible spending (FSA) and health savings (HSA) plans for employees to enhance health care benefits and help defray additional costs for the Agency and employeesEstablished a cash forecasting process to report, monitor and project cash needs to manage the businessPresented financial information to Agency Boards and Committees, and external lending institutions and funding bodies

Greater Chicago Area

Executed high-level financial and accounting projects for clients on a contractual basisMultiple interim CFO positionsSuccessfully advanced company efforts to raise $10 – 15 million of equity through a private placement with one of three investment banking/venture capital firmsAnalyzed valuations of various acquisition targets and made recommendations with respect to contract terms to top managementRefinanced debt in order to reduce borrowing costsGuided companies through a difficult cash crunch periodImplemented improved financial reporting and analysis, cash flow analysis and forecasts to management and the BoardAnalyzed operating programs and funding contracts to maximize revenue and reduce costs and inefficiencies in resource allocationManaged outsourced finance and accounting services provided to clients, including contract negotiation and initial transition for new clients

Greater Chicago Area

Co-led the creation of a startup lodging property development companyProvided financial and other company information necessary to secure permanent and construction lendingDeveloped financial models to evaluate economics of potential site acquisitions and developments. Prepared overall financial projections for the companyManaged the implementation of a new construction accounting system and proceduresPrepared financial analyses for various equity offerings, debt refinancings and sales of Company assets, including a proposed IPO filing and required SEC reports due to outstanding public debtDeveloped in-house income tax department and promoted from within to fill new positions. Estimated savings of $100,000 per year in tax return preparation feesCreated new cross-functional budgeting procedures with the Operations Department designed to incorporate involvement from property managers and regional managers

Planned and managed audit engagements for several divisions of the Company

Planned and managed audit engagements for publicly held and privately owned companies with revenues ranging from $10 million to $1 billion

B.S., Accounting

Education record