Stephen Vitkauskas

Stephen Vitkauskas Email and Phone Number

Adjunct Professor, Finance @ Endicott College
Boston, MA, US
Stephen Vitkauskas's Location
Greater Boston, United States, United States
Stephen Vitkauskas's Contact Details
About Stephen Vitkauskas

Results driven, operationally focused CFO/VP Finance/Controller. Key strength is his breadth of professional skills, from the tactical; accounting/FP&A/tax, to the strategic; acquisitions/growth strategies/business development. Extensive international experience in Europe, Asia Pacific, South America, Canada, and the Middle East. Proven leadership in the finance and accounting, human resources, information technology, and operational functional areas. Passionate about identifying, designing, and implementing process improvements and cost control initiatives that provide for long-term improvements in EBITDA performance. A strong believer in using technology platforms to drive efficiencies and business transformation, evaluated and implemented multiple ERP systems. Specific expertise in improving F&A infrastructures that provide for faster and more qualitative financial reporting, cash flow management, developing BI reporting, banking, budgeting, and strategic planning. Holds an MBA (High Honors) and a Masters in Taxation (High Honors) from the McCallum Graduate School of Business , Bentley University and a B.S. in Business Administration with a Major in Accounting from Northeastern University. Industry Sectors of expertise: High technology and industrial manufacturing, beverages, aviation/aerospace, construction, and automotive.SPECIALTIES:* Financial and Strategic Planning* Company Revenue Generation & Cost Reduction* International multi-plant operations - US, Asia, Middle East, and Europe* Acquisitions and Post-Acquisition Integration, JV's* ERP Systems Evaluation and Implementation-SAP, JD Edwards, Visibility, INFOR Syteline, Hyperion, Made2Manage, SAGE Timberline* Tax, Regulatory & SEC Compliance* Company Business Process Re-Engineering* Banking & Cash Management* Human Resources & Informational Technology

Stephen Vitkauskas's Current Company Details
Endicott College

Endicott College

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Adjunct Professor, Finance
Boston, MA, US
Stephen Vitkauskas Work Experience Details
  • Endicott College
    Adjunct Professor, Finance
    Endicott College
    Boston, Ma, Us
  • Endicott College
    Adjunct Professor, Finance
    Endicott College Jan 2022 - Present
    Beverly, Massachusetts, Us
  • Fluid Technology Solutions (Fts), Inc.
    Svp And Cfo
    Fluid Technology Solutions (Fts), Inc. 2017 - Present
    FLUID TECHNOLOGY SOLUTIONS (FTS) IS A WATER TREATMENT COMPANY APPLYING INNOVATIVE AND PROVEN SOLUTIONS TO THE MOST CHALLENGING WASTE WATERS.FTS focuses on Forward Osmosis (FO) and Osmotically Assisted RO (OARO) membrane R&D, manufacturing and membrane system engineering and design, to provide innovative solutions for its corporate, industrial and municipal customers around the world. Recruited to assist CEO and investors in developing and implementing a multi-year growth plan which would result in an IPO or position company for an acquisition. Successfully raised early-stage capital through a Reg D filing to provide working capital base. Leading next-stage institutional capital raise for further business growth. Created framework and strategy to spin-off two new companies from company’s membrane technology to take advantage of different products/applications/markets. Led initiatives to secure exclusive license agreements with partners in key markets. In process of creating a joint venture in India to maximize sales opportunities with strategic capital partners.  Contact for outside auditors, banks, insurance and federal/state agencies. Principal liaison to the CEO and Board of Directors for strategic plans, corporate partnerships, and managing sales channel development. Provide leadership in all areas of accounting and finance, including cash flow management, financial and business reporting, strategic planning, budgeting, tax strategy, and contract analysis and negotiations.
  • L3Harris Technologies
    Divisional Controller
    L3Harris Technologies 2016 - 2017
    Melbourne, Florida, Us
    Responsible for planning, coordination, and management of all financial and accounting functions for domestic and international locations. Responsible for all financial consolidations, cost accounting, financial reporting (Hyperion), forecasting, and SEC/Sarbanes-Oxley compliance.
  • Mhq
    Chief Financial Officer
    Mhq 2013 - 2016
    Marlborough, Ma, Us
     Recruited to assist CEO in developing and implementing a strategic roadmap for the organization. This five year plan included organic and acquisition growth components, increases in operational efficiencies to reduce costs, and better management of the companies supply chain culminating in increased profitability.  Provide leadership in all areas of accounting and finance, including cash flow management, financial and business reporting, strategic planning, budgeting, tax strategy, and contract analysis and negotiations. Led organization in the selection and implementation of a new ERP system. Designed and aligned company-wide processes with ERP system to increase efficiencies, lower operating costs, and increase profitability. Annual cost savings estimated at $700K. Successfully renegotiated revolving credit facilities with banks that led to lower borrowing costs and increased levels of credit to fund expanded working capital needs. Led efforts to successfully acquire and integrate key competitor as part of company’s first strategic acquisition.
  • Test Devices Inc
    Chief Financial Officer
    Test Devices Inc 2011 - 2013
    Hudson, Ma, Us
    Oversee all finance & accounting, purchasing, human resources, and information technology activities.  Partner with the CEO and the President in developing and executing a strategic, growth-oriented business model. This included selling capital equipment and services into the China market. Worked directly with foreign buyers including Aviation Industries of China (AVIC). Developed financing relationships with EXIM Bank, Bank of America and Bank of China to support capital equipment sales. Developed L/C protocols to ensure payment and mitigate risk to company. Identify, prepare, and communicate key BI data to sales, operations, and senior management team. Better quality and more consistent reporting led to better cost controls and decreases in inventory spending. Developed new project cost system for reporting job cost information for large scale project builds. Ensured GAAP compliance under percentage of completion revenue recognition.  Key contact for outside auditors, banks, insurance and federal/state agencies. Interface closely with CEO, President, and Board of Directors.
  • Nelco
    Chief Financial Officer
    Nelco 2008 - 2011
    Burlington, Ma, Us
     Developed high performance F&A team to improve financial statement reporting, foster better relationships across all departments of organization, and develop policies and procedures. Results were improved financial statement integrity and credibility to internal and external parties.  Reduced monthly financial close cycle from 15 to 7 days. Revised revenue recognition policies consistent with business operations. Excelled as key leader of team that implemented Sage Timberline ERP system. Formulated and realigned finance, tax, and operational and cost accounting processes with new system architecture. Initiated the establishment of a new business entity in the UK. Worked with local attorneys, accountants, and bankers to ensure that the business entity was structured consistently with US & UK practices and aligned with the company’s business, tax, and finance objectives.  Implemented and enhanced policies and procedures to ensure compliance with multistate sales/use tax and international tax rules and regulations.
  • Koch Membrane Systems
    Global Controller
    Koch Membrane Systems 2005 - 2008
    - Effectively led and directed worldwide Finance and Accounting & Information Technology organization of 30 employees, including controllers in the Americas, Europe, and Asia Pacific.- Assisted in redirecting sales resources to emerging markets opportunities, resulting in a 30% increase in the sales volume and a more efficient use of resources.- Served as key member of senior management team that assessed, developed, and proposed a $19M capital expansion project projected to provide $87M NPV to the business. Held fiscal responsibility for all economic/financial/RO analysis.
  • Baker Hughes
    Controller
    Baker Hughes 2001 - 2005
    Houston, Texas, Us
    - Recruited to assume key financial role to build a divisional infrastructure and transition a division for divestiture. Directed all worldwide financial and accounting activities of the division, including five foreign subsidiaries. Established and implemented appropriate policies and processes to ensure financial statements were prepared in accordance to GAAP and Sarbanes Oxley regulatory requirements. - Directed an ERP migration from JD Edwards to a Syteline platform in a cross-cultural organizational environment, completing project on time and within budget.- Acted as key member of the senior management team that managed the successful divestiture of division. Developed the valuation models and made financial, operational, and personnel assessments. Provided financial expertise and operational guidance for both divesting and acquiring companies.
  • Ionics, Inc.
    Division Controller
    Ionics, Inc. 1999 - 2001
    Formerly a $500M international manufacturer and supplier of water purification and wastewater treatment equipment and services. Ionics was acquired by GE Water.- Demonstrated record of achievement lead to a promotion to manage the accounting and finances of the largest division in the company with annual revenues of $250M. - Direct responsibility of all accounting, finance, and cash management activities for eight international and three domestic subsidiaries of the Equipment Business Division. Provided operational accounting and financial direction to management in the areas of joint venture accounting, percent complete revenue recognition, and project accounting review.- Developed and monitored accounting policies and procedures to assure GAAP compliance.
  • Ionics, Inc.
    Director Of Fp&A
    Ionics, Inc. 1996 - 1999
    - Promoted and assisted in developing companies first FP&A role and department.- Managed quarterly and annual Board of Directors and SEC regulatory reporting, specifically 10K/Q reporting. - Supported CFO and Investor Relations for quarter-end press releases, conference call scripts, analyst models, external guidance, and “talking points.” Delivered sophisticated financial modeling, sensitivity, and risk analysis (NPV/IRR/ROI).- Performed due diligence procedures for potential domestic and international acquisition and joint venture opportunities. Managed integration of new acquisitions.
  • Ionics, Inc.
    Corporate Accounting Manager
    Ionics, Inc. 1991 - 1996
    - Responsible for all general ledger/cost accounting of company.

Stephen Vitkauskas Skills

Finance Internal Controls Financial Reporting Process Improvement Accounting Strategic Planning Management Financial Analysis Budgets Tax Forecasting Inventory Management Manufacturing Sap Strategic Financial Planning Contract Negotiation Sarbanes Oxley Act Auditing Budgeting Company Business Process Re Engineering Cost Reduction Acquisitions And Post Acquisition Integration Erp Systems Evaluation And Implementation Banking And Cash Management Company Revenue Generation International Accounting Syteline Erp Sec Compliance Strategic Human Resources Leadership Information Technology Jd Edwards Hyperion Financial Reporting Sage Timberline Office Made2manage

Stephen Vitkauskas Education Details

  • Bentley University
    Bentley University
    Finance
  • Bentley University
    Bentley University
    Taxation
  • Northeastern University
    Northeastern University
    Accounting

Frequently Asked Questions about Stephen Vitkauskas

What company does Stephen Vitkauskas work for?

Stephen Vitkauskas works for Endicott College

What is Stephen Vitkauskas's role at the current company?

Stephen Vitkauskas's current role is Adjunct Professor, Finance.

What is Stephen Vitkauskas's email address?

Stephen Vitkauskas's email address is st****@****h2o.com

What schools did Stephen Vitkauskas attend?

Stephen Vitkauskas attended Bentley University, Bentley University, Northeastern University.

What skills is Stephen Vitkauskas known for?

Stephen Vitkauskas has skills like Finance, Internal Controls, Financial Reporting, Process Improvement, Accounting, Strategic Planning, Management, Financial Analysis, Budgets, Tax, Forecasting, Inventory Management.

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