Steve Herold Email & Phone Number

Oxford, CT, US

United States

Financial, Planning and Analysis Executive, contibuting to merger/integration and ongoing FP&A management for locally branded companies formerly owned by Homeserve.

Norwalk, Connecticut, United States

Norwalk, Connecticut

• Built out FP&A team for newly formed HVAC business, instituted to fuel company growth and diversification.
• Implemented and lead monthly financial consolidation, reporting and analysis for 20+ business entities, many of which were acquired and initially utilize(d) different financial systems and chart of accounts.
• Oversee and own annual budget and monthly forecasting processes for all HVAC businesses.
• Conduct monthly review and provide financial commentary and operational insights to help support CFO, several GMs and other executive leadership.
• Identified root causes preventing more transparent reporting from less efficient, disjointed processes and systems across separate, legacy business units
• Lead, serve as SME and collaborate on various projects with diverse stakeholders, for improvements in financial reporting architecture, standard chart of account mapping, financial integrations, development of.

• Developed standard monthly reporting and analysis package for sr. management and sales team.
• Prepared annual sales budget and reforecasts; after implementing detailed procedures & budgeting tools.
• Implemented new monitoring/management tools to improve working capital oversight and KPIs.
• Provided timely support for strategic initiatives, cost/benefit analyses, ad-hoc requests, etc.
• Provided input & support to CEO for Board presentations and monthly financial commentary.
• Coordinated budget & monthly allocation of procurement volumes amongst co-op shareholders.

• Managed consolidated financial planning, analysis & reporting, across worldwide entities.
• Created standardized quarterly budget and reforecast processes.
• Designed and implemented monthly financial analysis processes between Accounting & Finance.
• Prepared and coordinated quarterly financial presentations for board of directors meetings.
• Analyzed divestiture & acquisition opportunities and prepared applicable due diligence materials.
• Participated in negotiation & documentation of sale agreements & other associated schedules.

• Hedge fund focused on small business lending.
• Portfolio Management and new deal underwriting.

• Financial Analysis / Financial Modeling / Budgeting / Forecasting:
• Created cash flow models to analyze financial performance & sensitize (i.e. “what if”) forecasts.
• Designed and developed templates to monitor trends and irregularities in financial performance. Portfolio Risk Management / Strategic Planning / Restructuring / Turnarounds / Crisis Management:
• Managed > $1B of loan commitments; ensuring retention, performance and $0 losses.
• Served as lead GE liaison in borrower & bank syndicate relationships for o/s loan commitments.
• Audited accounts receivable, inventory, accounts payable, and cash and summarized significant findings to make recommendations for calculating customer borrowing bases.Underwriting / Financing / Acquisitions /.

• Corporate consulting – systems integration and process change management.Clients: GE, Freddie Mac, NovaCare, Hartford Financial Services Group; Blue Cross/Blue Shield
• Designed, created and formatted financial statements & aided in accounting software implementation.
• Aided in the design and improvement of entry level finance training program.
• Drafted process summaries & created business cases incorporating client learning objectives.
• Documented organizational reporting structures & assisted in developing more efficient process flows.
• Created training materials, conducted training sessions and then provided on-site client support.

Bs, Finance

Education record