Mark Shmagin Email & Phone Number

Los Angeles, Ca, Us

Los Angeles, California, United States

V.P. Operations & Finance IT Consulting, Strategic Staffing $85 million services company operating in 33 states with 450+ employees. Supervised staff of ten (Accounting, Collections, HR, Legal/Immigration, IT, India and Domestic Operations).• Providing counsel and support to the owners including organization & staffing, job duties, compensation programs, sales commission plans, legal, cashflow and corporate/board.• Prepare annual strategic plan to increase EBITDA and sales. • Consolidation of systems and operations including accounting, time-reporting, recruiting and delivery. • Planned and implemented enhanced use of QuickBooks Online.• Monitoring performance and progress to goals.

CFO/COO level consulting activity. This has included * Cashflow and financial management,* Turnaround, * Strategic reorganization, * Start-up, * M&A - buy and sell side * Accounting & Finance* HR, Job Assessments and Performance Evaluations* Real Estate investments* Alternative higher education.Industries include: * Cosmetics contract manufacturer* Packaging Manufacturing* Industrial supply distribution, * Entertainment, * Investment, * Moving & Transport services,* Life settlements, publishing, * Medical,* Real estate,* Non-Profit,* Start-up.Interim CFO for $40 million contract manufacturer with 250 employees. • Developed department budgets. • Oversaw conversion of MAS 90 system. • Designed quoting methodology.Acting President for a $30m, privately held moving service company with 600 employees in 35 branches in 10 states. Supervised staff of eight managers and directors (Finance, Operations, Claims, HR/Risk, Compliance, IT/Programming, Marketing, Sales). * Down-sized corporate offices reducing overhead by approximately $600,000 per year. Prepared a plan to reduce direct and indirect expenses by $500,000. * Developed new incentive programs for executives, regional & branch managers, and sales commissions. * Strengthened safety and customer service training to improve profitability. Automated customer order confirmation processes. Life Insurance Settlements.CFO for a start-up life insurance premium finance, policy origination and settlement company. Supervised staff of two (Accounting Manager, Analyst). * Wrote company business plan securing $60,000,000 commitment for debt and equity. * Developed statistical modeling templates in Excel to support business plan and to model price and value life insurance policies based on database of transactions and trend-analyses. * Maintained books and records for the various companies using Quickbooks.

$76.5 million company operating 47 retail stores with 1,600 employees. Supervised staff of seven directors (Retail, Finance, HR, IT, Facilities, Safety, Industrial Operations).* Increased same-store retail sales by 28%, from $48m to $62m. Increased Contract sales from $2m to $3m. Total revenue increased from $60m to $76m.* Planned and managed retail operations. Annual same-store sales growth over 10%. Reduced turnover by 35%. * Developed internal recycling operation to save $500,000/yr.* Reduced indirect labor by $400,000/yr. Reduced workers comp expense by $1,000,000.* Managed all facilities including maintenance, security, industrial operations, build-outs, site-locations and leases.* Interfaced with external board of directors. Staffed board committees. Rolled out Sarbox standards and HIPAA.

$50 million, privately-held, custom manufacturing and distribution company with 275 employees. Supervised staff of four (Controller, Credit, HR/Safety, IT/Programming).* Closed two acquisitions and one joint-venture adding $10 million in sales. Managed due diligence and post-close merger. Prepared forecasts, synergistic analyses and legal.* Led restructuring that reduced overhead across multiple divisions by over $1 million.* Negotiated reduction in long-term borrowing rate by 250 basis points, net of market forces.* Increased sales by 50% while reducing Bad Debt expense to under 0.35% of sales.* Strengthened inventory control which lowered average cycle count variances from 5% to below 0.10%.* Responsible for all insurance, benefits and legal. Reduced MOD rate from 134 to 104. * Oversaw IT/system migration, Y2K upgrade and RFP process for new website.

Responsibilities included credit underwriting, financial analysis and customer relations for real estate, corporate/commercial finance and international trade transactions.

Co-Authored "Quattro Pro in Business" with author, Chris Van Buren. The book was a wild success. Too bad Quatro pro wasn't.

Mba, Finance (Emba)

Ba, Economics

Activities and Societies: Theta Chi Fraternity, Rush Chairman 1980-81, 1982-83 UCLA Homecoming Chairman 1981 Jewish Student Union, Founder.

High School Diploma