Post Job Free

Resume

Sign in

CFO/COO/Controller

Location:
Rochester Hills, MI
Posted:
December 17, 2014

Contact this candidate

Resume:

STEVEN A. CHARGO

**** ******** **** • Rochester Hills, Michigan 48309

248-***-**** (H) • 248-***-**** (M) • acg2x6@r.postjobfree.com

C-LEVEL EXECUTIVE IN OPERATIONS AND FINANCE

C-level executive in finance and operations with 20+ years of experience. Expertise in strategic and tactical financial

planning, business development, operations, and P&L management for manufacturing and service organizations. Proven

ability to develop and lead high-performing, cross-functional teams, manage situational challenges during periods of both

declining sales and rapid growth, and to oversee operations and P&L for budgets of up to $100 million. Demonstrated skill

in translating conceptual models into specific growth strategies to improve market share, gross revenue, and EBITDA.

Budget Preparation • Client Relations • Contract Negotiations • Financial Analysis • Financial Management

Forecasting • Operations Management • P&L Responsibility • Start-Up Operations • Strategic Planning

CAREER ACHIEVEMENTS

Collaborated with CEO and senior vice-president of operations in $23 million blanketed 3-year commitment from

primary customer. First year revenue exceeded $10 million at 12% EBIT.

Reduced outstanding aged receivables by 18 days, increasing net cash flow $1.5 million annually and reducing

the daily line of credit by 40%.

Finalized negotiations resulting in transfer of ownership to an internal management team and secured venture

capital funding to launch 2 S-Corp entities to support objectives of parent company.

Saved 38% versus budget, and 43% versus prior year actual within first year, while maintaining same level of

coverage across all commercial insurance policies.

Assisted in securing Michigan Economic Development Commission Mega Tax Credit and Personal Property Tax

Abatement that extends through 2014 through the coordination of city, county, and state officials.

Addressed payroll and human resource needs for nearly 2,500 client employees with annual wages in excess of

$75 million across the United States.

Formulated plan to increase personnel efficiencies that clearly defined business segment objectives and explicitly

linked budgets to business objectives, saving an estimated $650,000 annually in reduced overhead.

Established key banking relationship enabling company to secure financing for additional commercial real estate

necessary for planned expansion, while reducing costs 35%.

PROFESSIONAL EXPERIENCE

Mid-West Wire Products, Inc. Ferndale, Michigan. 1986 – 2006/2011 – Present.

CFO/COO

• Directed all corporate efforts pertaining to sales and finance for $14 million custom wire goods manufacturer

and finishing organization.

• Functioned as integral part of 5 person ownership team responsible for revenue increase of 280% in 3 years.

Selected Accomplishments

Developed and qualified programs to train and manage distribution partners throughout the Great Lakes

area, leading to significant increases in business through direct and channel sales.

Initiated and implemented marketing plan to diversify into automotive, food and beverage, white goods,

and general industrial markets.

Established and maintained personal relationships with key decision makers at largest customers.

Managed key aspects of production and operations throughout all facilities.

Managed and reorganized all accounting systems and procedures, decreasing external auditor fees 60%

and minimizing on-site review to 1 day.

Finalized negotiations resulting in the transfer of ownership to an internal management team.

Secured venture capital funding to launch of 2 S-Corp entities to support objectives of parent company.

Designed and implemented comprehensive financial, cost control, and management reporting systems.

YourSource Management Group, Inc. Auburn Hills, Michigan. 2009 – 2011.

Chief Financial Officer / Treasurer

• Serve as lead authority in maintaining integrity of financial information and systems for this privately-held

human resource outsourcing firm over 5 related business models.

• Trained staff and upgraded financial and administrative infrastructure to enhance capabilities.

Steven A. Chargo • acg2x6@r.postjobfree.com • 2

• Penetrated middle market opportunities including implementation of a human resource information system, an

integrated supporting tax reporting package, and an integrated custom report writer.

Selected Accomplishments

Assisted in securing Michigan Economic Development Commission Mega Tax Credit and Personal

Property Tax Abatement that extends through 2014 through the coordination of city, county, and state

officials.

Established key banking relationship enabling company to secure financing for additional commercial real

estate necessary for planned expansion, while reducing costs 35%.

Address payroll and human resource needs for nearly 2,500 client employees with annual wages in

excess of $75 million across the United States.

Trialon Corporation. Burton, Michigan. 2007 – 2009.

Corporate Controller

• Held autonomous decision-making authority for financial and administrative functions for $30 million global

technical staffing /engineering testing organization operating 4 locations, serving 22 states and 4 continents.

• Identified and mitigated business and operational risks worldwide, with accountability for budgeting /

forecasting, banking, investments, tax planning / compliance, acquisitions / due diligence, accounting,

payables / receivables, IT, HR, and legal.

• Reported directly to President / CEO and managed 7 direct and 350+ indirect employees.

Selected Accomplishments

Collaborated with CEO and senior vice-president of operations in $23 million blanketed 3-year

commitment from primary customer. First year revenue exceeded $10 million at 12% EBIT.

Reduced outstanding aged receivables by 18 days, increasing net cash flow $1.5 million annually and

reducing the daily line of credit by 40%.

Saved 38% versus budget, and 43% versus prior year actual within first year, while maintaining same

level of coverage across all commercial insurance policies.

Secured Women’s Business Enterprise minority status, placing organization at the forefront of new

opportunities that were previously unattainable.

Formulated plan to increase personnel efficiencies that clearly defined business segment objectives and

explicitly linked budgets to business objectives, saving an estimated $650,000 annually in reduced

overhead.

Implemented disciplined process controls critical to increasing revenue recognition and improving cash

flow.

Negotiated and implemented communication system upgrade with little to no downtime across the

system, resulting in contiguous operational capabilities at all 3 locations.

Stahls' Inc. St. Clair Shores, Michigan. 2005 – 2007.

Director of Finance / Controller

• Recruited to $55 million division of $135 million global heat applied graphics designer and manufacturer.

• Directed all aspects of finance, accounting, planning, budgeting, treasury / cash management, risk

management, payroll, credit and collections, and purchasing.

• Reported to divisional president and corporate CFO.

• Participated as member of 7 person executive management committee while managing a 22 member

individual team.

Selected Accomplishments

Formulated and executed plan to centralize credit / collections and payroll functions of 2 sister

companies, securing cost reduction/ avoidance in excess of $325,000 annually.

Designed and refined product cost structures and production metrics to increase gross margin by 2%.

Coordinated customer-owned inventory audit, reducing duration from 10 to 3 days.

Spearheaded all aspects of $250,000 administrative services building renovation and remodeling project.

EDUCATION

M.S.M. in Management, concentrating in Operations. Walsh College of Accountancy. Troy, Michigan.

B.S. in Accounting. Oakland University. Rochester, Michigan.

Steven A. Chargo • acg2x6@r.postjobfree.com • 3



Contact this candidate