With over 20 years of progressive corporate finance experience, including 10 years in CFO roles, I currently lead the financial, IT and Human Resource functions at PrecisonX Group, a top high reliability, precision metal components manufacturer, serving the Aerospace, Defense, Electric Vehicles, Satellite, Semiconductor, and other high-growth industries.Throughout my career, I've served as a CFO in both private equity-backed organizations and family-owned businesses. I've also led financial functions in organizations with revenues ranging from $25 million to $4 billion across various manufacturing industries. My expertise extends to operations, as I've held positions as a COO and possess multiple Lean Six Sigma certifications.My focus lies in fostering high-performing teams and forging business partnerships across non-financial functions within the organization. I value professional and personal development for both my teammates and myself. Recently, I completed the Mergers & Acquisitions Executive education program at the University of Pennsylvania, Wharton.On a personal level, my passion for travel has led me to live in multiple countries, contributing to my diverse cultural background and multi-lingual skills. This background allows me to truly appreciate diversity.My skill set includes Mergers & Acquisitions, due diligence, acquisition integration, strategic planning, board governance and relations, external financial reporting, internal controls, financial planning and analysis, business partnership, ERP implementation, forecasting and predictive modeling, project management, operations management, Lean Six Sigma, and proficiency in data analytics tools and languages (Tableau, Power BI, SQL).Feel free to contact me at sazaloff@gmail.com or send me a message on LinkedIn.
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Chief Financial OfficerPrecisionx Oct 2023 - Present -
Chief Financial Officer (Cfo)Mmt Oct 2020 - Oct 2023- Led financial workstream for acquisition and integration of 9 companies since Oct 2022, including 3 international entities.- Led deployment and adoption of financial consolidation system across the business, development of common chart of accounts and 3 ERP go-lives within one fiscal year.- Refinanced and consolidated debt structure of the company, yielding reduction in 500bps+ interest rate for outstanding debt, $50+ million delayed draw facility for M&A growth, and working capital line.- Build financial and accounting team, which supports a global network of legal entities across multiple ERPs and completes accounting close and statutory reporting in 5 business days.- Partnered with Sales and Operations teams to reduce working capital needs of the business from 75%+ as percentage of revenue to less than 25%.- Drove $1+ million reduction in insurance costs across business, cyber, workers' comp and other risk coverages for the business. -
Chief Financial Officer (Cfo)Femco Machine Jan 2020 - Oct 2020- Lead company efforts to plan, develop, organize, implement, direct, and monitor the organization’s fiscal function and performance.- Communication with the Board of Directors on financial matters as requested.- Secured $3 million emergency credit facility to sustain operations during COVID pandemic- Lead the processes to develop the corporation’s plans and programs as a strategic partner with CEO and Leadership Team.- Evaluate and advise on risk management scenarios and on the impact of long-range planning, introduction of new programs, strategies, and regulatory action.- Provide insightful and accurate reporting and analysis of budgets, financial reports, consolidated financial statements, and financial trends in order to assist the CEO and executive management team in performing their responsibilities.- Manage corporate information systems. Enhance, develop, implement, and enforce policies and procedures of the organization by way of systems that will improve overall operation and productivity of the corporation and safeguard the assets of the corporation.- Provide strategic financial input and leadership on decision-making issues affecting the organization: + Identification and evaluation of potential alliances, acquisitions, and mergers. Lead negotiation and integration efforts with any acquisitions. + Evaluation and selection of financial advisors for retirement funds, cash management alternatives, currency transactions, insurance coverage and carriers, other employee benefits. + Develop credit policies and insure the proper execution of these policies. + Evaluation of impact of competitive employee compensation strategies.- Optimize the handling of bank relationships and initiate targeted strategies to enhance cash position. Manage exchange rate risk to optimize returns and minimize loss exposures. Manage finances to meet debt to equity ratios. -
Chief Financial Officer (Cfo) And Chief Operating Officer (Coo)American Cutting Edge, Inc. Oct 2015 - Jan 2020Miamisburg, Oh- Financial leadership of C.B. Manufacturing and Sale Co., Inc, American Cutting Edge (ACE), Better Tools, Evolution Resources, and other related property and investment companies- Management of financial, accounting and treasury functions of the organization, including fiscal reporting, taxes, accounting services, budgeting, internal controls, cash flow and cost accounting, and inventory controls- Management of Human Resources, Logistics, Warehousing and manufacturing functions for the company- Strategic goal setting and fostering and cultivating relationships on city, state and national levels- Executed and led a $13M acquisition and $5M divestiture from portfolio of companies- Improved company profitability by over 200% in first 18 months in the role by establishing leading performance financial indicators for all functional areas and transferring financial accountability across the organization- Executed a debt reduction plan leading to elimination of all long-term debt and strategic usage of third-party working capital financing to reduce overall cost of capital- Reduced cash conversion cycle of the company from 218 days in December of 2015 to 154 days in June of 2019- Designed and implemented company-wide employee benefits structure, resulting in exponential increase in benefits offering, employer paid benefits and HRIS-driven self-service options while reducing overall HR costs by over 6%- Implemented inventory management process and system resulting in improvement of inventory accuracy from less than 80% to 99.5% with increase in on-time customer shipments, reaching 99.98% in 2019 - Created and implemented manufacturing process flow, which turned-around the manufacturing operation from contribution margin of (8.1)% to 19.0% in one year, while maintaining on-time delivery above 95% -
Director, Fp&A And Sales OperationsGatesair Jan 2015 - Oct 2015Mason, Oh- Implemented financial dashboard and departmental spending variance analysis. Set functional area target and measurement metrics across all levels of the organization- Established global sales opportunity review process and improved funnel accuracy by 40%+- Co-lead OpEx savings initiative resulting in $5.4M savings (15%+ reduction)- Co-led successful and on-time conversion of legacy CRM (Siebel) to Salesforce.com platform- Significant involvement in data analysis related to ongoing M&A activities -
Director, Financial Planning And AnalysisLegrand, North America Jan 2011 - Jan 2015Dayton, Ohio Area- Led annual financial/operational planning process, 3-year strategic planning while reducing required time from 4 months to 7 weeks- Established an executive dashboard for each sales organization and supporting functional area by deriving, proving and implementing key operational and financial metrics with resulting growth in net income of 40% in 2012 and projected 43% in 2013- Led successfully the financial divestiture of a manufacturing site resulting in $350K of annual operating savings and significant reductions in business complexity- Completed an external SG&A benchmarking and identified areas for improvement ranging from ROI of IT CapEx and OpEx to talent gaps and complexity in organizational structure- Developed analysts deployed in various departments of the organization, most recently Customer Loyalty (Net Promoter Score project) and Human Resources (Grate Places to Work initiative)- Selected as a member of Lastar’s Leadership Circle in 2012 and 2013, awarded to employees for significant contributions to the organization and adherence to the corporate values -
Director Of Financial Planning And Analysis, Operations At Newpage CorporationNewpage Corporation May 2008 - Dec 2010- Financial leadership of ten paper mills, three converting facilities, freight logistics and order management, totaling annual operating costs of over $4B- Responsible for period financial, mix, inflation, and productivity reporting, as well as the completion of various operational executive scorecards and dashboards- Led annual and strategic financial planning and forecasting for assigned operations- Developed and implemented new key metrics for capturing, understanding and improving productivity, resulting in sustainable annual company-wide cost savings of $100MM+- Led two Green Belt and Rapid Lean Six Sigma projects; participated as team member on four Green Belt projects; financially managed 30+ Lean Six Sigma teams, totaling savings of over $20MM in 2008 and 2009 -
Finance Manager And Controller, Converting And LogisticsNewpage Corporation Apr 2007 - May 2008 -
Finance Manager - Infrastructure And NetworkingHarris Corp Jan 2005 - Apr 2007- Financial leadership of business unit P&L – revenues of $200MM+ and net income of $40MM+- Developed and implemented reporting and analytical tools for all business units at the division, achieving daily profitability visibility and shorter senior management decision cycle- Completed periodic financial forecasting, planning and variance analysis -
Currency Desk ClerkFulton Bank May 2000 - May 2002- Traded $150,000+/month of paper currency products- Managed the implementation of an on-line international banking system supporting annual revenues of $1MM and developed accounting and profit measurement system used from 02 to 07
Stephen Azaloff Education Details
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Mergers And Aquisitions -
International Finance -
Health Information/Medical Records Administration/Administrator -
International Finance -
Computer Science/Information Systems -
Mathematics And Statistics
Frequently Asked Questions about Stephen Azaloff
What company does Stephen Azaloff work for?
Stephen Azaloff works for Precisionx
What is Stephen Azaloff's role at the current company?
Stephen Azaloff's current role is Strategic PE CFO.
What schools did Stephen Azaloff attend?
Stephen Azaloff attended Wharton Executive Education, Thunderbird School Of Global Management, Western Governors University, Elizabethtown College, Elizabethtown College, Elizabethtown College.
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