Tony Cofone Email & Phone Number

New York, New York, Us

Manage the financial and accounting operations for privately held Public Relations firm.

New York, Ny, Us

Oversee all operational departments of the agency. Including Project Management, Editorial Services, Studio Production, Application Development and Facilities. Five direct reports with total headcount of 42 employees.Major Achievements:• Reorganized the production studio to allow agency to compete for and retain low to mid complexity assignments. Resulting in the agency retaining approximately $1.8 million of revenue.• Assisted in the re-defining roles and responsibilities for all agency departments • Review annual SOWs and staffing plans prior to client submission• Co-ordinate with the client finance department to determine monthly resource management allocations and client forecasts

London, England, Gb

Responsible for all finance and accounting operations for a multi-location firm, a division of a public international consultancy group. Prepared monthly consolidated financial statements. Presented financial results at monthly operating unit and executive team meetings. Other significant responsibilities included revenue and P&L forecasts, cash management and cash forecasts, annual budget preparation, audits, and 401(K) plan administration and Human Resources oversight. Originally hired as consultant in Q1 2014 became full time in July. Major Contributions Include:• Instrumental in the transformation of the business in the US from six agencies and nine offices into one operation, brand and team.• Created a forecasting and budgeting process to facilitate overhead savings through cost center ownership and information sharing.• Support global new business opportunities through the creation and implementation of pricing models.• Designed a capacity planning model and process which provides greater insight into properly staffing accounts and drove improved profitability of our client base, which translated into deeper knowledge and accuracy of our revenue and gross margin forecasts.• Developed and managed along with HR Director a compensation model/structure based on industry standards.• Liaison with all concerned parties in regards to property leases. This includes the scouting of location, negotiation of favorable lease terms and conditions and alternative solutions as opposed to long term lease commitments.

Paris, Fr

Responsibilities include both the financial and operational management of the firm’s largest operating unit with operating budget is in excess of $48 million in revenue. Developed financial reports to determine individual practice group profitability. Prepare annual budget and quarterly forecast in collaboration with practice leaders and managing director of the office. Established controls to improve both accounts receivable and payable processes. Built relationships with vendors and suppliers to negotiate pricing and secure payment terms. Responsible for the monthly closing, general ledger analysis and variance commentary. Grew the profit margin from fifteen percent in 2000 to over twenty percent. Major contributions include:• Improved accounts receivable collection process through stringent controls and proactive communications with clients. Improved Accounts Receivable balance to 91% current. Reduced bad debt to 0.5% of revenue by creating monthly tracking reports and scheduling monthly meetings with practice leaders and clients.• Improved employee productivity and utilization percentages by conducting weekly meetings to determine workload levels. Increased office productivity to over 90% from 82% by conducting monthly staffing meetings with department heads. • Led the conversion of new accounting and billing software system – PeopleSoft.• Assured Sarbanes-Oxley compliance by providing all documentation and narrative. Worked closely with internal audit and central team in Paris. • Successfully managed an $8 million capital improvement project for the renovation of corporate headquarters. • Oversee HR department with hands-on focus on policies, compensation models and employee agreements. • Led all contracting efforts in the office, with clients, vendors, agency partners and employees.• Responsible for office services, capital expenditures and facilities management.

Responsibilities included the supervision of all accounting activities, financial and operational reporting and interpretation, formulation of internal controls and accounting procedures, company and client credits and collections, and worldwide budgeting and forecasting process. Supervised a staff of fifteen employees. Promoted from assistant controller.Major contributions include:• Assisted in the development and implementation of a fully integrated computer system to ensure technical accuracy and effective management of financial controls and procedures.• Assisted in developing written policies and procedures for the budgeting/forecasting process, including analysis and presentation schedules to enable executive management to properly evaluate proposed budget/forecast.• Conducted and facilitated training seminars for new employees and domestic offices.

National Insurance DepartmentEffectively managed an insurance product sales desk and performed all operational and financial duties for the department. Sales desk responsibilities included assuring that all representatives were informed of departmental sales goals, marketing strategies and product training. Administrative duties included establishing policies and procedures, acting as liaison between insurance carriers, programming, licensing, and processing departments. Financial responsibilities included the preparation and review of departmental budgets and monthly P&L review. Supervised a staff of twelve employees. Major contributions included:• Developed a commission tracking system, which expedited the payment of commissions to sales force.• Assisted in the transfer of over $800 million of assets from one insurance carrier to another.• Coordinated the reporting of client insurance product balances on monthly brokerage statements.

Deferred/Incentive Compensation Administration and ReportingMaintained the administration and control of both company and employee account investments for qualified and non-qualified deferred compensation plans. Responsible for all aspects of an employee stock ownership program awarded to senior management. Supervised a staff of ten employees.Major contributions included:• Developed various computer applications for analytical reports which improved internal controls• Coordinated the design and development of an on-line reporting system for the company’s 401(k) and employee stock option programs with the MIS and personnel departments. Financial AnalystFinancial analysis, budgeting and planning for the Marketing, Public Finance and Corporate Finance Divisions. Provided monthly and quarterly analysis and written commentary on budget variances, and prepared various reports and analyses. Consistently promoted within the organization to senior management positions.Staff AccountantRetail Accounting and Payroll DepartmentEmployed as a staff accountant in the Controller’s Division. Promoted to above position.