Joseph A. Russo
** ****** ******, ***** *********, NJ 07031 Phone: (973) 420 - 8346 E-
mail: acapka@r.postjobfree.com
PROFILE
Results-driven Finance Professional with several years supporting financial
planning and analysis, banking, Generally Accepted Accounting Principles
(GAAP), audit, and treasury activities. Proven ability in initiating
process improvements and developing financial models that add value and
assist senior management in attaining corporate objectives. Excellent
organizational and communication skills.
PROFESSIONAL EXPERIENCE
ADF Companies, Fairfield, NJ
September 2010 to Present
Manager of Finance / Accounting
($350 million, 2nd largest Franchisee of Yum Brands)
Responsible for ensuring appropriate and consistent accounting and
reporting practices (GAAP), Forecasting, Budgeting, ongoing monitoring of
transactions and market activity, software implementation, accounting
changes as well as providing guidance and support to business unit teams.
Other responsibilities include:
. Review all financial and operating results on a monthly basis.
Communicate any financial or operational concerns with variety of
stakeholders including executive team, board of directors, creditors and
investors.
. Plan and supervise interim and year-end audit engagements for preparation
of annual certified financial statements in conjunction with outside
auditors.
. Interface with outside accounting firm in the preparation of Federal and
State Tax Returns.
. Responsible for budgeting, capital budgeting, forecasting, compliance of
financial covenants, project tracking, benchmarking, and general ledger.
. Report directly to Chief Financial Officer; lead a staff of 6 accountants
/ analysts.
. Developed a lease tracking application and Implemented a fixed asset
system.
. Reduced month-end close cycle by 2 days utilizing lean concepts including
simplification of reporting, systems integration, and reduction of waste.
Ding Moo LLC. Paterson, NJ
April 2009 to September 2010
Finance Manager / Consultant
Managed all functional areas, AR, AP, Inventory, payroll, customer service,
financial analysis, budgeting, and cash management for a $15M family run
Dairy Products Distribution Company. Supervised 8 employees in all
functional areas listed above.
Other responsibilities include:
. Reported Inventory trends and month-end close activities.
. Supported the preparation of economic analysis relating to product,
customer profitability and capital expenditures.
. Maintained banking relationships, including loan refinance and the
negotiation of additional lines of credit.
. Managed construction project from start to finish from the initial plan
planning/budget phase through to projects completion. Continuously
communicated/negotiated with general contractor and sub-contractor on
timetables, project costs and recommend action to maximize efficiency.
PDI Inc. Saddle River, NJ
July 2008 to Mar 2009
($120 million NASDAQ provider of contract sales teams to pharmaceutical
companies, offering sales support services)
Manager, Strategic Planning & Forecasting
Managed the planning, coordination, preparation and consolidation of the
Sales Services Segment annual budget and monthly rolling forecasts.
Continually updated the forecasts with new assumptions and standards.
Compared monthly actual results to annual budget, monthly rolling forecast,
and new business budgets. Identified variances, summarized and provided
explanations for senior management.
. Established and maintained a centralized standard set of templates for
the development and preparation of new business budgets for client
presentations based on RFP specifications and/or given assumptions.
Analyzed the costs related to PDI services and external partners to help
build the initial budgets. Gained an understanding of the financial
elements of pharmaceutical co-promotion arrangements, including gross-to-
net spreads, discounts, rebates, and inventory management. Researched
and documented unusual revenue recognition arrangements.
. Appointed to Strategy Committee, which includes the CEO, CFO and other
Senior Department Heads.
. Integral part of the Product Commercialization team from the initial
evaluation of opportunities,, management of client partnership and
monitor the financial results with key performance indicators reporting,
market share comparisons, competitive and ROI analysis.
Joseph A. Russo
Page Two
Covanta Holding Corporation Fairfield, NJ
Feb 2006 to July 2008
($1.7 billion global NYSE developer, owner and operator of infrastructure
for the conversion of waste to energy)
Senior Financial Analyst
Managed the monthly cash flow reporting process for 31 domestic energy
plants / business units. Provided budget and forecast reporting and
analysis with detailed explanations of variances from actual results.
Assisted Business Mangers in reconciling their monthly cash flow reports.
Provided financial planning and analysis for the Accounting & Financial
Reporting Group. Key work included a comprehensive five-year plan
including granular budgets of $500 million along with strategic forecasts,
operating plan, and quarterly estimates. Created monthly P&L activity
against budget for accuracy, suggesting adjusting journal entries when
necessary.
. Created a new cash flow reporting tool using Khalix for Excel which
increased reporting turnaround time by a full day and delivered more
accurate cash forecast to senior management. Delivered presentations
explaining the tool and provided training for Regional and Local Business
Managers to ensure proper understanding and efficient utilization of the
tool.
. Revised and developed Covanta's proposal for the New York City Waste
Contract.
. Developed a model, which allows Business Development and Executives of
Covanta to understand the impact of their operational decisions.
Medco Health Solutions Inc. Franklin Lakes, NJ
Jan 2005 to
Feb 2006
($40 billion NYSE provider of clinically-driven pharmacy services)
Business Analyst
Presented annual reviews to clients based on their pharmaceutical spending.
Consulted with clients on how to reduce their overall cost of pharmacy
benefits and informed clients of new drugs on the market or soon to be on
the market.
Northern Leasing System, Inc. New York, NY
Oct 1999 to Jan 2005
(Privately-held market leader in micro-ticket equipment leasing)
Senior Financial Analyst
Provided financial analysis for Collateralized Debt Obligation (CDO) and
Asset Backed Securitization (ABS) transactions. Actively researched
distress portfolios for new investment opportunities. Supervised a three-
member team.
. Restated previous three years financial statements for proper GAAP;
developed strategies to recoup losses from the restatement.
. Appointed a member of the M & A Team to assist in pursuing prospective
businesses / portfolios. Designed Valuation, Liquidation, ROA, ROE and
Cash Flow models to better gauge performance and the impact of
acquisitions and created a model for pricing prospective businesses.
. Developed related financial analyses and legal documentation related to
the sale of an Asset Backed Securitization.
. Revised the Pitch Book and KPI weekly reporting for Officers of Northern
Leasing Inc. and outside sources.
Financial Analyst / Jr. Financial Analyst
Provided Corporate Officers with reserve analysis of all Asset Backed
Securitizations. Acted as liaison to Investors for the purpose of
developing new debt structures. Utilized Access database to analyze A/R
roll rates and cure rate reporting. Assisted in preparation of financial
statements. Managed collateralized based borrowing activities.
EDUCATION
Master of Business Administration Fairleigh Dickinson University May
2009
Bachelor of Science in Finance Kean University of New Jersey May 1996
TECHNOLOGY SKILLS: Excel, Word, PowerPoint, Access, SQL,
Microsoft SL Dynamics, MAS 500, PeopleSoft, FRX, and Khalix