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Accounting Financial

Location:
Boston, MA
Posted:
December 11, 2014

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Resume:

Michael Pasciak, CPA Cell: *-***-

***-****

** ********* ****, ******* ** 02492

acg0e0@r.postjobfree.com

Profile

A results oriented senior accounting and financial management executive with more than 20 years of progressive experience

in finance and operations management within startups and global multi-billion dollar Fortune 500 organizations.

Demonstrated ability to streamline business operations that drive growth and increase efficiency and bottom line profit.

Possesses solid leadership, communication and interpersonal skills to establish rapport with all levels of staff and

management.

Core Qualifications

• ERP System Implementation • Process Improvement • Financial Planning & Analysis

• Accounting & Financial Management • Growth Strategy Development • Mergers & Acquisitions

• Controllership & Decision Support • Performance Measurement • Technical Accounting Research

Professional Experience

Northern Power Systems Inc., Barre, VT (NPS-TSX) Nov 13-

Current

A PE backed international manufacturer of next generation renewable energy technology

VP Finance & Corporate Controller

• Completed an S-1 registration statement within twelve weeks which led to a successful public offering that was

oversubscribed.

• Filed the Company’s first 10K and 10Q with the SEC

• Enhanced the financial reporting and technical accounting vetting process.

• Reduced the financial close cycle by five days.

• Reengineered closely held company accounting practices to align with SOX practices.

Eco Power Solutions, Quincy, MA (filed for bankruptcy) Feb 13-Oct 13

A venture capital backed original equipment manufacturer (OEM) of patented air quality control system technology

Corporate Controller and Treasurer

• Support the Company’s B round financing raise and product commercialization initiative.

Global Companies, LLC, Waltham, MA (GLP-NYSE) 2008- 2013

$17B leader in the distribution and the storage of energy products in the Northeast

Corporate Controller

Through 7 direct reports managed a finance/accounting team of 40 encompassing Controllership and SOX Compliance,

Technical Accounting, SEC Financial Reporting, Tax, Cash Management, Financial Planning and Analysis, Hedge

Accounting, Billing and Accounts Payable.

Selected Accomplishments:

• Partnered with the business to enhance the relevance of the financial planning and analysis function.

• Developed a high performance finance team to strengthen controls, enhance SEC reporting, improve audit quality and

scale the business for growth.

• Improved the accuracy of the financial planning and analysis function by constructing a centralized data repository.

• Increased earnings before interest tax depreciation and amortization $85 million by integrating the Company’s largest

new market acquisitions.

• Saved $70 thousand annually in audit fees by proactively managing the technical accounting review process.

• Reduced interest costs by $400 thousand via the implementation of a new cash forecasting tool and a daily borrowing

base reporting process.

• Decreased annual accounting department expenses $500 thousand through reorganization.

• Standardized investor, Board and management reporting to provide a better focus on the business.

• Reduced the SEC financial reporting cycle by two days through a disciplined reengineering project.

Michael Pasciak, CPA

Page 2 of 2

Pacific Packaging Products, LLC, Wilmington, MA 2002- 2008

$100MM leader in packaging distribution and supply chain management, with manufacturing and international operations

Chief Financial Officer

Led a global accounting team of 20. Directed global accounting, finance, IT and treasury operations in a developing country.

Advised the CEO with development of financial models, strategic revenue stream development and joint ventures. Managed

the relationship with banks, accounting firms and law firms. Directed financial infrastructure and support including IT,

financial systems, policies, procedures and personnel.

Selected Accomplishments:

• Increased operating profit $2 million by closing and integrating the Company’s largest international acquisition.

• Leveraged interpersonal skills to bridge the cultural gap and roll up financial reporting.

• Reduced DSO from 50 to 45 days and improved working capital performance by 2.0 turns.

• Developed a strong global finance team by implementing a performance based compensation initiative.

• Achieved $60 thousand in cost savings through the roll out of a global ERP system that optimized workflow.

Danaher Corporation, Washington, DC (DHR-NYSE) 1995-

2002

$16B global industrial manufacturer and consolidator.

VP Finance, Precision Systems Division, Salem, NH (2000-2002)

$70MM high tech precision systems division within Danaher’s Motion Control Group

Led a global team of 10 that supported President, Group Executive and EVP/CFO with financial management reporting

including monthly earnings forecasts, quarterly financial reviews, President’s letter and ad hoc reports. Established a

partnership with manufacturing to improve product margins, capacity expansions, inventory turns.

Selected Accomplishments:

• Added $1 million of operating profit via the acquisition of a German company.

• Reduced materials cost $200 thousand by partnering with operations to support lean manufacturing.

• Saved $60 thousand in salary expense through the implementation of a global financial reporting tool.

• Developed a strong global finance team.

Controller, New England Affiliated Technologies, Lawrence, MA (1995-1999)

$30MM rapidly growing high tech manufacturer of precision position equipment acquired by Danaher (DHR)

Directed finance, accounting, IT, human resources and treasury. Positioned the company for sale by scaling infrastructure,

developing viable financial models, planning capital needs and implementing better financial controls.

Selected Accomplishments:

• Supported a 5.0x EBITDA increase in the exit multiple by creating a robust finance and accounting function.

• Increased sales $2.0 million by implementing a new ERP system to support multiple business units.

• Freed up $800 thousand of working capital line availability by refinancing equipment purchases with operating leases.

Toscano and Ardito, CPA’s North Andover, MA Senior Auditor (1992-1995)

Education/Training

Six Sigma Green Belt Certificate (2013)

Master of Science, Accounting Information Systems ( 2005), Bentley College Waltham, MA

Master of Science, Taxation (1996), Bentley College Waltham, MA

Bachelor of Arts and Sciences (1991), Merrimack College, North Andover, MA

Certified Public Accountant(1995), State of New Hampshire

Danaher Business System Training(2001)

Professional Affiliations

Member, The Treasurers Club of Boston

Member, Financial Executives International

Member, Financial Executives Networking Group



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