Chief Financial Officer
West Seneca, New York 14224
• Increased EBITDA by $1 million in three years by shifting distribution processes and automation; restructuring and streamlining labor; adopting a self-insurance health plan (saved $2 million over four years); and, by selecting a new workers compensation provider (saved $100,000 over four years).• Directed all budgetary activities in a hands-on, proactive manner utilizing Budget Maestro. Met monthly with departmental heads reviewing budget versus actual and business impacts. Prepared the annual budget for presentation to the ownership group and board with 100% acceptance over fifteen years. • Secured new bank financing and increased LOC limits after restructuring debt so as to meet financial covenants and increase cash flow for distribution and operational improvements.• Maintained all procedural, best practice, reporting and risk management for additional financial operations including payroll, insurance, inventory control, financial statement reviews and audits.• Prepared all data and financial-labor analysis for unionized contract negotiations. Participated on the negotiating team along with owners and attorney representatives. Successfully secure a new 4-year union contract with Teamsters Local 64.• Achieved successful board relations by creating monthly financial reports, audit results and sales and payroll analysis. Ensured both the veracity of information and contextual information was available to assist Directors in making meaningful business decisions.• Assessed the management team and hired four new managers representing Operations, Safety, Payroll and Controllership. All successfully performed and remained long-tenured employees.
