Richard F. Gerrity Email & Phone Number

Smyrna, Ga, Us

Ras Al Khaimah, Ae

Responsible for daily cash management, cash forecasting, credit and collections, supporting the risk management function and overseeing the global treasury functions for the company, its subsidiaries and production facilities both domestic and foreign. • Developed a global cash flow forecasting model which utilized a combination of actuals (A/R and A/P from the ERP system), forecasts (from the purchasing group and foreign subsidiaries) and a combination of budget and prior year actuals (to extend the forecast out to 12 months). The short-term forecast (rolling 13 weeks) is updated weekly, the 12-month forecast is updated quarterly. • Worked with Perimeter’s new insurance broker to establish a stand-alone insurance program and go public, as company was spun off from SK Capital’s portfolio. (SK Capital had the relationship with the prior insurance broker and managed the renewal and premium allocations to its portfolio companies.) • Streamlined the accounts payable process by taking several steps; utilized a NetSuite partner to process all vendor payments made by check (eliminating the risk and need to maintain check stock), automated the ACH file process (eliminating the need to upload files to the bank), instituted a V-Card Program to provide another option of payment to the suppliers. • Drafted intercompany loan documents for the Legal Department and coordinated transfers of funds as required to maintain sufficient liquidity for both the subsidiaries and the U.S. company, as the borrower under the bank credit agreements. The intercompany loans were also utilized to minimize the company’s bank interest expense.

Building a client base through a combination of expanding product offerings with existing members, reaching out to potential new members through participating in special events, including trade shows, as well as sporting events, and establishing a professional network for referrals. Covers Agent Duty Desk to assist walk-in customers and handle phone calls. Process payments and amendments to insurance policies as needed.

• Implemented foreign currency (FX) hedging program, reducing any negative impact on the company’s EPS (earnings per share). • Ensured compliance with covenants for debt/revolving credit facilities and sufficient liquidity to meet obligations and objectives. • Consulted with CFO and acted as lead on an $80M senior secured convertible note (June 2008), allowing company to pay off a private note; led a $60M senior unsecured convertible note and convertible preferred to strengthen the company’s balance sheet.• Restructured the Credit Department, instituted a credit collections policy and created a monitoring process, which slashed the global DSO from the mid 90’s to the mid-to-low 70’s, increasing the cash by $70M.• Developed a tracking model to closely monitor the bank’s loan covenants. Proactively restructured the company’s credit agreement to an asset backed loan, reducing commitment by $100M and averting a covenant violation.

Directed treasury functions including cash management, bank relations, inter-company financing and operational support for this leading outplacement services firm. Supporteddomestic/global operating units’ financing needs. Prepared 13-week rolling international consolidated cash forecast.

Us

Directed treasury functions for electronic components company, its subsidiaries and 8 production facilities in US and abroad including in China and Hungary.

Responsible for cash/working capital management, financing, bank relations, credit management, payroll, A/P and risk management as this printed circuit board company grew from $350M/3000 employees in 1996 to $1B/8000 employees in 1999.

Master Of Business Administration (Mba)

Master Of Arts (M.A.), Spiritual Psychology

Bachelor Of Science (B.S.), Accounting And Finance

Master Of Business Administration - Mba

Master Of Arts - Ma, Spiritual Psychology