STEVEN J. FORRESTAL
New York, New York 10028
acayxc@r.postjobfree.com
EXECUTIVE SUMMARY
Finance Professional with extensive accounting, administration and systems
experience in diverse industries including service, manufacturing,
distribution, and publishing. Proven ability to improve operations, impact
business growth, and maximize profits through achievements in finance
management, cost reductions, internal controls and productivity
improvements. Strong acumen in business planning, management, systems
technology design and implementation and staff development.
PROFESSIONAL EXPERIENCE
KINDER MORGAN, INC. Argo, Illinois
2010-2013
The largest independent transporter of refined petroleum products in North
America
Regional Accounting Manager-Midwest Region (Reorganization) (2012 - 2013)
Direct financial responsibility for annual revenue exceeding $165 million
for this five state region. Manage a staff of 3 senior accountants, 3 staff
accountants and 1 Financial Reporting Manager.
. Developed monthly reporting package for Area Vice-President that
included KPI's, P&L by terminal, OPEX trends, monitored new business
and capital spending. Enhanced operations and sales monthly
accountability.
. Improved DSO from 45 days to 39 days by reducing days to pay and
rebalancing A/R workload.
. Improved forecast accuracy by 17% by providing interim reports,
standardize accrual process and dedicated resource to address emerging
out of the ordinary situations.
. Provided guidance and policy for proper disposal and accounting for
obsolete equipment.
Finance and Accounting Director - Midwest, Northeast and Ohio Valley
Regions (2010 - 2012)
Direct financial responsibility for annual revenue exceeding $375 million
in 3 multi-state regions. Responsible for a staff of 20 through 4 managers.
Total annual company revenue of $8.1 billion.
. Revised regional financial structure to enhance monthly/quarterly
closing process eliminating 3 positions and savings of $210K.
. Assimilated Midwest acquisition within 90 days that led to a 15%
improvement in operating margin.
. Streamlined budget process timeline from 4 months to 3 months by
eliminating redundant schedules, standardizing templates and creating
a scripted corporate presentation.
. Created Capital Coordinator position to manage project overruns,
monitor project end dates and insure timely closing of completed
projects. Enhanced closure rate from 40% to 75%. Reduced internal
finance charges by $150K annually.
. Revised sales crediting procedure by implementing dollar amount
approval matrix for heightened transparency and enhanced internal
control.
LEVY SECURITY CORPORATION, Chicago, Illinois
2005 - 2009
$40 million Company providing high-level security services in the
Chicagoland area.
Chief Financial Officer
Direct responsibility for Accounting, Human Resources, Administration, and
Information Technology. Report to the Chief Executive Officer. Responsible
for a staff of 11 through three managers.
. Generated $4.3 million in new business since January, 2006, by
implementing a revised RFP sales process.
. Reduced corporate overhead $1 million by eliminating redundant
positions, aligning processes, and implementing a performance
measurement system.
. Implemented monthly financial reporting package that included variance
reporting to forecast and budget.
. Held monthly business review meetings focused on operational and
financial performance.
. Introduced seminars such as Budgeting, Interpreting Financial Results
and Forecast Accuracy.
. Improved company net profit performance in excess of $800K (400%)
during a three year period. This was achieved with job consolidation,
integrated software implementation and formalized cost guidelines.
. Achieved an annual savings of $120K and productivity gains by closing
the monthly books in 5 days, rather than 13 days, and restructuring
financial operations.
. Recognized an annual savings of $100K by negotiating line-of-credit
interest terms to prime minus a quarter point.
Steven J. Forrestal, 815-***-****
page 2
SJF CONSULTATION SERVICE, Crystal Lake, Illinois
2002 - 2005
Provided accounting and financial expertise to small businesses ($3 million
annual revenue or less).
President
Directed the initiative to secure new and on-going business for the company
within the small business market. Offered an array of services that
included accounting, financial planning, budgeting, forecasting, and
refining processes.
. Grew the business from a zero client base to a customer base of 55
in less than three years.
. Marketed company by partnering with chambers of commerce, civic
organizations, developing free workshops, pro bono work for
charitable organizations, referrals, and in-print advertising.
. Had a client retention rate of over 90% during a three year period.
This rate was attributable to excellent customer service, fairly
priced services, multiple solutions and delivery of timely results.
DIEBOLD, INC., Arlington Heights, Illinois
1997 - 2002
Manufacturer of ATM's and electronic security devices. Annual revenue of
$2.1 billion.
Controller, North America (2000 - 2002)
Managed a $350 million professional service and sales organization.
Reported to the Vice-President of Finance, responsible for a staff of six
analysts and one manager.
. Recommended merger/acquisition targets that yielded annual revenues in
excess of $550 million through due diligence. This process augmented
the strategic plan process by emphasizing top line revenue growth.
. Reduced costs $400K annually by reducing staff and assimilating the
Service and Implementation financial groups into one operating unit.
. Increased revenue by $3.0 million and operating margin by $650K
annually. Secured large multi-year service contracts ($500K or
greater) while meeting customer-enhanced terms.
. Provided going forward guidance for revenue recognition of product
sales in accordance with terms of the contract and matching/deferring
freight costs respectively.
Division Controller (1997 - 2000)
Managed an annual revenue budget in excess of $300 million in support of
regional sales and maintenance service entity. Reported to the Division
Vice-President, responsible for a staff of 15 and two lead analysts.
. Achieved over $15 million annual savings by managing a company-wide
restructuring effort. Increased shareholder value while improving
productivity that led to increased customer satisfaction.
. Delivered divisional savings of $250K annually by implementing a
supply savings plan. The plan maintained minimal on-hand parts
inventory, converted to preferred vendors, secured agreement for 24-
hour turnaround and on-line parts tracking.
. Reduced administrative cost of $450K annually by leading a team to
streamline the manufacturing forecast process. The result was
improved accuracy, new cost models for the build houses, elimination
of excess inventory and a procedure to reassign product.
SUN-SENTINEL INC., Deerfield Beach, Florida
1987 - 1997
Accounting Manager
Publisher of a daily newspaper with annual revenue in excess of $500
million. Subsidiary of Tribune Company.
Developed and delivered annual budget on a timely basis. Had forecast
accuracy of over 97% in support of publications distribution for $65
million division. Reported to the Vice-President of Finance, responsible
for staff of 16 and two managers.
EDUCATION and CERTIFICATION
MBA, Finance - New York Institute of Technology, New York
BS, Business Administration - Marist College, New York
Six Sigma Green Belt
SOFTWARE
Hyperion Planning, Lawson, Great Plains Dynamics, Oracle, QuickBooks,
Microsoft Office