Cfo & Director Of Operations
Jacksonville, Florida Area
Managed and directed all financial and operational activities of the company including development of Financial Reporting for both internal and external requirements; Managed Audits for Financial, Pension Plan, IRS, and Department of Revenue; Prepared Budgets and Financial Forecasts; Directed and oversaw daily activities for Accounts Receivable, Accounts Payable, Contract Billing, Inventory, Information Technology, Human Resources, Banking, Cash Management, and Insurance programs. • Re-engineered and integrated customer service, dispatch, and supply order functions into a single operating unit to better service the customer. This action eliminated 6 positions and saved over $165,000 annually. • Reorganized the equipment Order Entry and Delivery departments reducing 4 positions saving over $125,000 annually.• Focused efforts to reduce the aged accounts receivable resulting in collections of over $750,000.• Analyzed and evaluated various banking proposals, which resulted in moving the Company’s banking relationships and significantly reducing the interest rate on borrowed funds by 3 basis points. • Evaluated several financial audit firms and selected one that was better suited to the needs of the Company while saving over $30,000 annually. • Influential in recommending and implementing a payroll cost reduction plan that saved the company 13% per year for 5 years.• Moved and upgraded the Company’s 401(k) plan providing higher yields averaging 5.0 percentage points to participants’ investments. • Developed and prepared consistent and accurate financial reporting that resulted in no year-end external audit adjustments or internal control audit letters.• Created a profitability report that identified contracts performing at a loss or lower than desired margins.