Paul Simkus

Paul Simkus Email and Phone Number

Retired CFO currently teaching and consulting. @
Paul Simkus's Location
Rolling Meadows, Illinois, United States, United States
Paul Simkus's Contact Details

Paul Simkus personal email

n/a
About Paul Simkus

• CFO with operations (C level) experience in manufacturing, domestic and foreign. • Process development leader designing and adapting processes to meet changing business demands.• Successful in startup, turn around, and high growth environments.• Adept manager utilizing value added activities to make substantial contributions to profit.• Mentor, coach, with collaborative style, successful in facilitating effective teamwork.• Strategic planner adept at modeling articulating the mission and vision.I am a CPA with over thirty years of experience.In addition to being the CFO for several companies I have held the post of COO, managing operational details.My background includes a startup, a turnaround, and several companies that experienced rapid growth. I have work with five Private Equity groups; BBH, JW Childs, Capital Partners, Ancor Capital, and Palisades.Specialties: Experience in start ups, turnarounds, implementing new systems and processes.

Paul Simkus's Current Company Details
BBH, JW Childs, Capital Partners, Ancor Capital, and Pallisade

Bbh, Jw Childs, Capital Partners, Ancor Capital, And Pallisade

Retired CFO currently teaching and consulting.
Paul Simkus Work Experience Details
  • Bbh, Jw Childs, Capital Partners, Ancor Capital, And Pallisade
    Experience With Private Equity Groups
    Bbh, Jw Childs, Capital Partners, Ancor Capital, And Pallisade Jan 1987 - Present
  • Adjunct Faculty In Accounting
    Oakton College
    Adjunct Faculty In Accounting Mar 2014 - Present
    Teach primary accounting courses
  • Private Consulting
    Consultant
    Private Consulting Jun 2014 - Present
    Financial consulting to PE groups and small business.Merger and acquisition advisory services.Due Diligence.Financial modeling and forecasting.Accounting system installation and upgrade.
  • The Shelby Group
    Interim Controller
    The Shelby Group Jan 2019 - May 2019
    Schaumburg, Il
    Assumed the interim role of Controller to this privately held IT consulting firm in January after the departure of their Controller. Closed the month of December 2018 and completed the year end financial package for their accounting firm. Managed the daily accounting activity and closed the the first quarter of 2019. Helped in the recruitment and on boarding of the new Accounting Manager.
  • Liguria Foods
    Chief Financial Officer (Retired)
    Liguria Foods Nov 2011 - Mar 2014
    Humboldt, Ia
    Chief Financial and Technology Officer for this premium sausage company. Manage the Accounting and IT functions providing leadership and guidance to management in these areas.
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  • Culinary Standards Llc
    Chief Financial Officer
    Culinary Standards Llc Feb 2011 - Feb 2012
    Louisville, Kentucky Area
    Chief Financial Officer recruited to affect a company turnaround, and halt the termination of bank financing.• Identified areas of waste and inefficiency within the company and initiated swift corrective action. • Renewed the bank relationship; agreed covenants, outlined a recovery plan, and revised forecast.• Modified the cost accounting system to identify low margin business.• Performed the due diligence for the purchase of another food company, currently managing the integration of the two firms.
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  • The Edlong Corporation
    Executive Vp-Cfo/Vp Finance/Vp Finance And Operations
    The Edlong Corporation Jan 2004 - Sep 2010
    Chief Financial Officer working across disciplines to execute changes necessary to support new business demands. Managed the financial function, IT development, and procurement. • Led the recovery of the UK division, restoring it to profitability for the first time in 5 years. Executed a plan to service select EU customers from the US retaining $700,000 in annual sales.• Stepped in for CEO during long period of medical leave, providing cohesion to leadership.• Coached managers in financial concepts and to accept more responsibility for their budgets and spending. • Through the use of Lean Process/Six Sigma methodologies, collaborated with department managers to adapt processes to work with less staff following a 12% downsizing in 2009.• Created the vital business metrics (KPI); coached managers on opportunities and threats.• Created the company’s first cost accounting and measurement of profitability. This resulted in the first price increase in six years creating more than $750,000 of additional annual revenue.Vice President of Finance and Operations (January 2004 –January 2007)Chief Financial Officer and Director of Operations. Recruited as CFO to manage accounting, finance, and treasury. Role of COO added with the departure of the VP of Operations soon after my arrival.• Re-designed and remodeled our principal production line reducing accidents by 90% and increasing production efficiency by 25%.• Led the effort to document operational procedures and develop a safety manual making operations “audit ready” as proven by a series third-party audits.• Avoided substantial fines by working with FAA/DOT to install a program for air cargo security.
  • Empire Kosher Poultry Inc.
    Chief Financial Officer
    Empire Kosher Poultry Inc. Dec 1999 - Jan 2004
    Recruited to be part of a major turn-around effort following the company's placement with a bank workout group. • Prevented the termination of operating capital and potential shutdown of operations by re-establishing bank relationships and executing strategies to improve cash flow. • Restructured $70 million in debt, negotiating new terms and covenants. Restored lender confidence through weekly communication in the form of status reports and forecasts. • Increased cash flow (10%) through, improving credit and collections, negotiating better terms with vendors, and selling unneeded assets.• Identified, through a production yield study, a potential $2 million annual increase in yield through modification of production methods.• Overhauled the financial controls and directed the accounting team through the completion of a 6 month reporting package backlog. Installed cost accounting that measured cost and profitability.• Prepared the prospectus for the sale of the company. Hosted the potential buyers and collaborated with the new owners on the transition. Asked to remain with the company as CFO.
  • Abc Laboratories
    Vice President / Chief Financial Officer
    Abc Laboratories Dec 1996 - Dec 1999
    Played key role in a significant turnaround in revenue and profitability by assuming the financial and administrative responsibilities for this three-company organization. Managed Accounting, IT, and facilities for both US locations. • Key contributor to the team that returned company to profitability in just 18 months.• Led the planning with leadership to fill in for CEO during his extended medical leave. Selected by peers to represent the CEO and leadership to the board.• Cut operating costs 3% by instituting staffing controls and fiscal education for unit managers.
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  • Ross Breeders,Inc
    Vice President, Finance And Administration
    Ross Breeders,Inc Jun 1992 - Jun 1996
    Recruited to bring structure and process to the financial management function. Collaborated with the President to map fiscal management and growth strategies, implement criteria/standards to measure profitability, and develop cost reduction/containment initiatives. Managed Accounting, Procurement, IT, Customer Service, and Human Resources. • Captured $1 million savings in first year by moving the organization to central purchasing.• Preserved $3.5 million in capital by negotiating purchase of a used facility for less than $1 million. • Developed the company’s first cost accounting that measured profitability.
  • Flavorhouse
    Vice President, Operations And Finance
    Flavorhouse Oct 1981 - Jun 1992
    Advanced rapidly through the company from point of start-up, achieving the CFO/COO position. Key member of the initial team that transformed purchased assets of Borden Foods into a free standing autonomous entity. Financial leader for the following 11 years of double-digit growth. Implemented all major systems and processes and modified them to support the growing business. • Key part of the initial team that formed Flavorhouse out of a defunct division of Borden Foods.• Financial leader for the next 11 years of double-digit growth. Modified the processes necessary to support the growing demand. • Managed the move of the company from Illinois to Alabama, recruited and trained a new staff.• Negotiated the sale of Des Plaines manufacturing facility.• Effectively managed a 233% increase in the cost of a major raw material through a plan of by operational improvement that eliminated virtually all waste.• Negotiated refinancing of term and revolving loan agreements with major banks, resulting in greater working capital, lower interest, and more flexible terms.• Initiated the practice of partnering with customers and vendors to share forecast information and secure long-term purchase commitments. • Saved $1 million in first year by correcting severe problems in product overfill and waste.• Developed a cost accounting system that eliminated unprofitable business by creating a net profit analysis for each customer.

Paul Simkus Skills

Flexible Variance Analysis Elk Production Efficiency Suppliers Operational Improvement Developing People It Development Vendors Cost Accounting Sales Flavors Cost Epicor Fiscal Policy Mentoring Finance Treasury Management Structure Serving Business Administration Strategic Financial Planning Savings Buyers Road Pharmaceutical Companies Autonomous Temporary Placement Air Freight Budget Process Procurement Management Revenue Modification Security Working Capital Management Integration It Service Management Auditing Kosher Downsizing Covenants Lean Manufacturing Accounting Human Resources Collaborative Financial Forecasting Methodology Private Label Faa Profit Guidance Lender Forecasting Plant Breeding Business Services Cell Data Recovery Team Leadership Offering Map Reports Strategy Poultry Purchased Financial Accounting Consolidation Strategies Containment Medicine Microsoft Excel New Business Development Risk Management Financial Concepts Training Customer Service Great Plains Software Status Reports Abc Product Development Project Management Reporting Shares Capital Shutdown Loans Payroll Analysis Cost Reduction P&l .net Business Partnering Cpa Cut Sap Cash Flow Workout Economics Retail Moving Debt Food Industry Cognos Financial Modeling Managerial Finance Communication Home Negotiation European Union Strategic Planning Thinker Cost Savings Safety Operations Credit Change Management Time Management Rolling Project Planning Sarbanes Oxley Act Contractual Agreements Measurements Cost Control Facilities Management Strategic Financial Syspro Business Performance Management Pricing Yield Responsibility Internal Audit Mas 90 Department Of Transportation Retaining Banking International Restoring Growth Strategies Purchasing Food Start Ups Participatory Management Refinance Process Improvement Software Dairy Stocks Prospectus Ross Business Process Manufacturing Internal Controls Company Organization Financial Analysis Decision Making Acquisition Integration Budgets Business Strategy Data Encryption Standard Financial Reporting Due Diligence Mergers And Acquisitions Growing Business Selling

Paul Simkus Education Details

Frequently Asked Questions about Paul Simkus

What company does Paul Simkus work for?

Paul Simkus works for Bbh, Jw Childs, Capital Partners, Ancor Capital, And Pallisade

What is Paul Simkus's role at the current company?

Paul Simkus's current role is Retired CFO currently teaching and consulting..

What is Paul Simkus's email address?

Paul Simkus's email address is ps****@****bal.net

What is Paul Simkus's direct phone number?

Paul Simkus's direct phone number is +184743*****

What schools did Paul Simkus attend?

Paul Simkus attended University Of Illinois Chicago, Ball State University - Miller College Of Business, Ball State University, Oakton Community College.

What are some of Paul Simkus's interests?

Paul Simkus has interest in Masters Swimmer, Private Pilot, Part Time Teacher In Advanced Accounting.

What skills is Paul Simkus known for?

Paul Simkus has skills like Flexible, Variance Analysis, Elk, Production Efficiency, Suppliers, Operational Improvement, Developing People, It Development, Vendors, Cost Accounting, Sales, Flavors.

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