Tom Friou Email & Phone Number

New Orleans, LA, US

New Orleans, Louisiana, United States

Greater New Orleans Area

Greater New Orleans Area

Greater New Orleans Area

• Responsible for financial reporting, operational analysis, forecasting and annual budgeting for a 115 location, $250 million division. Achievements
• Identified staffing reductions resulting in over $1 million in annual savings and which led to the highest employee productivity levels in the company.
• Led Care Center “Performance Improvement” process resulting in year over year net income improvements of $750,000.
• Revised monthly reporting to focus on operational metrics that drove business results.
• Developed and presented local and regional financial training sessions for care center and regional operational management.

• Responsible for all financial, accounting, tax and business planning matters for a real estate development company that focuses on historic redevelopments. Achievements
• Negotiated term loan commitment by increasing the amortization period resulting in interest savings of $97,000 per year.
• Implemented business planning practices to better evaluate potential development deals.
• Established all accounting, tax and internal control policies and procedures.
• Prepared pro forma analyses and investment packages for potential lenders and investors. Presented and reviewed documents with potential lenders and investors.

• Responsible for contract processing, accounts payable, payroll, cash receipts, customer service, collections and business support services. Responsible for managing $225M receivable portfolio, processing $250M of.
• Adopted and implemented web based distribution of payroll information and direct deposit advices resulting in $50,000 of annual savings.
• Established transaction benchmarks for contract adjustment and customer refunds department which resulted in $140,000 in savings due to headcount reductions.
• Negotiated with largest office supplies vendor to include computer purchases in contract resulting in increased discounts and rebates. Additional annual savings from increased purchasing power amounted to $50,000.
• Further reduced office supplies costs by $80,000 annually by revising core office supplies list to include more generic items.
• Implemented Oracle Accounts Payable, Payroll and iExpense systems and a company-wide Travel and Entertainment card program.

• Responsible for operating, capital and cash flow budgets, management reporting, Sarbanes-Oxley/GAAP reporting compliance and three administrative support centers for a 125 location, $130 million division covering.
• Guided business process improvement team charged with improving back office operations. Subsequent process improvements resulted in annual cost savings of $270,000.
• Created new sales mix report to track profitable versus unprofitable sales.
• Developed internal cash flow report to benchmark divisional performance and establish return on investment targets.
• Implemented cemetery property system which improved internal control over inventory as well as enabled division to improve management of inventory development expenditures.

• Managed all aspects of general ledger and related internal reporting for 450 location company. Was key contact person for external financial statement audits.Achievements
• Evaluated various credit card programs used by the company which resulted in adopting one provider with annual savings estimated at $200,000.
• Improved monthly general ledger close from ten days to eight days.
• Implemented automated journal entry and budget template posting to general ledger system.

Managed multiple teams of accountants performing financial statement audits primarily for property/casualty insurance companies and multi-location retailers.

Master Of Business Administration, Finance

Bachelor Of Accountancy