ERIC S. FENCHEL

Florham Park, NJ *****

acuer3@r.postjobfree.com

973-***-****

Senior “hands on” Financial and Operational Professional with extensive

experience in GAAP accounting, budgets & forecasts, cash management,

acquisitions, systems, compliance, financial analysis & workflow efficiencies.

SKILLS/ACCOMPLISHMENTS:

Excellent Communications and Presentation skills. Leader and change agent.

Monthly variance analysis, forecast modeling, and development of Key Performance Indicators

Expert at preparing department budgets and forecasts

Prepare monthly and quarterly audited financial statements (GAAP/SOX)

Reduced costs through operating efficiency and negotiations through extensive vendor network

Negotiated both bank and non-bank financing. Strong cash management skills

Expert at running accounting department including AP, AR, Payroll, IT, HR and Billing

Installed General Ledger and Enterprise Systems at 3 companies

EXPERIENCE:

Ubiqus Reporting Inc. – Chief Financial Officer

NYC Business Services Company (2015-present)

Hired and trained accounting and payroll staff

Prepares financial statements and financial reporting package

Developed accounting and payroll policies and procedures

Merged two operating and accounting departments & systems

Automation of business operations and financial reporting

Supervises A/R, A/P, Payroll, Human Resources Billing, Collections, and Accounting

Hired new CPA firm, renegotiated several contracts saving $100,000

NYNJ Financial Solutions - Partner & Interim CFO/Controller

Accounting and Finance Consultants - (2008 -2011, 2013-2015)

Interim CFO at large multi faceted non-profit organization in NJ

Implemented independent contractor program (health care company)

Designed financial reporting (including budgets) and company metrics (non-profit company)

Performed due diligence reviews on targeted acquisitions (private equity group)

Installed new G/L and Enterprise software, developed operating procedures (consulting firm)

Negotiated vendor and banking agreements

Interim CFO at two staffing firms: Hired, supervised and trained staff. Creates workflow efficiencies and negotiated cost savings on borrowing relationship

Implemented accounting control policy and procedures

Infinity Consulting Solutions, Inc. – CFO/Controller

Staffing and Payroll Company (2011-2013)

Hired and trained accounting and administrative staff

Developed accounting and payroll policies and procedures

Instituted new commission plan, devised partner share plan

Hands on Supervisor of GL, Payroll, AP, and AR

Negotiated vendor contracts to save over $200,000 per year

Negotiated banking credit line

G/L System conversion to Microsoft Dynamics Solomon

Prepared profitability analyses on sales people, clients, internal departments and regions

Updated employment contracts to protect company from employment risk

Diversant LLC. - CFO/COO –New Jersey

Technical consulting and staffing company (2007-2008)

Prepared operating and capital budgets and forecasts for bank and non-bank financing firms

Negotiated $10MM line of credit (non-bank financing)

Reduced costs through vendor negotiations, and design of new commission plan

Reduced DSO’s through extensive collection efforts and establishment of key contacts

Supervised Controller, Billing Manager, and HR Department Heads

Open Systems Technologies –CFO/Controller

Technical consulting and staffing company (1997 to 2007) – New York, NY

Developed and documented policies & procedures.

Hired and trained “world class” staff that maintained consistency for over 10 years

Developed management reporting to quickly identify profitability by client, and region

Prepared operating and capital budgets and forecasts

Produced C.P.A. certified audited financial statements each year without exception

Supervised payroll, billing, collections, accounting, facilities, and human resources

Designed and negotiated company benefit plans

Board of Directors – Three Non-Profit Organizations since 2001

Treasurer - Prepare Financial Statements, (AP/AR/Cash Management)

Monthly Board Presentations and Yearly membership presentations

Negotiate vendor agreements and facility leases

Developed operational efficiencies and accounting policies

Automated financial reporting

SYSTEMS: Sage Mas-90, Mas-200, Dynamics, Solomon, QuickBooks, Peachtree, Millenium,

TKO, Staffsuite, ADP, Paychex, Great Plains, Excel Pivot Tables, Sage MIP

EDUCATION:

M.B.A. - Baruch College - Major: Finance

B.A. - Rutgers College - Major: Business Administration

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