Manager Financial
Resume:
BRUCE S. OREM
Eugene, OR *****
541-***-**** / *********@*****.***
PROFESSIONAL EXPERIENCE:
Oak Patch Gifts LLC, Eugene, OR 8/07 – Present
President & Chief Financial Officer
• Responsible for all activities and personnel of the Operations, Finance, Accounting, Sales, Marketing, Supply Chain, IT, and Human
Resources departments for jewelry and gift manufacturer/importer.
• Designed and implemented business intelligence reporting tools and metrics which resulted in significant daily, weekly, and monthly
visibility into the health and direction of the business.
• Responsible for all banking, auditing, and insurance relationships.
• As acting Controller, perform and/or oversee all aspects of monthly accounting close process and annual Review process.
• Redesigned many of the recurring accounting processes to improve efficiency, control and reduce headcount requirements.
• Generated significant increase in working capital through improved collections focus, better A/P management and a 40% reduction in
total inventory.
• Designed, implemented and manage annual corporate budget/operating plan and monthly progress tracking.
• Designed and implemented reliable cash forecasting process which resulted in improved cash management and reduced cash needs.
• Led the reduction efforts in both employee and non-employee costs that have resulted in significant annualized savings.
• Successfully completed numerous IT projects to reduce costs, improve stability, and increased data accessibility.
• Implemented new import pricing tool and processes to improve sourcing, landed margins and time to customer.
• Managed the sale-leaseback transaction for corporate headquarters facility generating over $1mm in cash..
• Led restructuring of loan agreements with senior lending bank including the addition of a new line of financing for working capital
and the restructuring of covenants to avoid violations.
• Successfully renewed revolving line of credit in extremely difficult credit market.
• Promoted from CFO to President and CFO.
Cutthroat Communications/TransAria, Inc., Bozeman, MT 1/02 – 8/07
Chief Financial Officer & Secretary
• Led all activities and personnel of the Finance, Accounting, Human Resources, M&A, IT, Legal, and Investor Relations
departments for rural broadband startup.
• Responsible for M&A activity including valuation, structuring, negotiation, due diligence, and integration.
• Led acquisition and integration of Alaska-based wireless video/data provider.
• Led sale and divestiture of Alaska-based wireless video/data provider.
• Led acquisition and integration of Montana-based wireless data provider.
• Led the migration to new accounting platform.
• Responsible for all long-range financial planning for lenders, investors, and internal purposes.
• Secured 2 bank refinancings totaling $4mm and 5 leasing facilities totaling over $1mm and managed the closing of a preferred Equity
round totaling over $6MM.
• Designed, implemented, and managed internal customer relationship management tool.
• Designed and implemented billing and metric reporting systems.
• Attended and participated in Board of Directors meetings.
• Promoted from VP of Finance to Chief Financial Officer.
• Promoted from Director of Corporate Development to VP of Finance.
• Reason for departure: With the task of rebuilding a nearly bankrupt entity complete, I was ready for a new challenge.
LoneTree Capital Partners, Englewood, CO 8/00 – 10/01
Senior Associate
• One of six professionals asked to join this global private equity fund formed by former MediaOne executive team.
• Responsible for evaluating potential portfolio companies for investment worthiness.
• Responsible for investment-related financial and operational due diligence and documentation of potential investments.
• Responsible for providing relevant industry analyses as well as prospecting for potential investments.
• Reason for departure: LoneTree was unable to raise sufficient capital; consequently, the fund was dissolved.
MediaOne Group, Inc., Englewood, CO 5/98 – 7/00
Manager - Corporate Development
• Responsible for all valuation activity on MediaOne’s domestic broadband cable acquisitions, divestitures, and swaps.
• Independently negotiated and closed two minority-interest acquisitions.
• Led and/or assisted on the financial due diligence of numerous cable-related transactions totaling over $2.0B in revenue.
• Assisted in the disposition of $1.3B in telecom assets.
• Reason for departure: MediaOne Group was acquired by AT&T Broadband.
BRUCE S. OREM
84545 McBeth Road
Eugene, OR 97405
541-***-**** / *********@*****.***
(Continued)
Boston Chicken, Inc., Golden, CO 1/96 - 5/98
Director - Corporate Finance
• Assisted the CFO and Senior VP-Financial Planning & Analysis in managing BCI’s relationships with lending institutions,
investment banks, financial media, and rating agencies.
• Designed, built, and maintained all of Boston Chicken, Inc.’s (BCI) short- and long-term financial projections for all internal and
external planning functions.
• Financial lead on BCI’s deal team for acquisition of an Atlanta-based food retailer.
• Financial lead for BCI’s first international venture in Taiwan. Assisted Senior VP-Development in structuring this venture, including
frequent due diligence/negotiation trips to Taiwan.
• Promoted from Manager-Corporate Finance to Director-Corporate Finance.
• Promoted from Financial Analyst to Manager-Corporate Finance.
• Reason for departure: Boston Chicken filed for bankruptcy.
The Chase Manhattan Bank, New York, NY 9/93 – 12/95
Associate - Corporate Finance, Global Power/Project Finance Group
• Designed detailed financial models for use in structuring and pricing of 3 co-generation plant project finance deals (one bank
financing and two 144a private placement financings) that generated over $15 million in fees.
• Created financial models for proposals for new domestic power projects and for utility privatizations in Brazil.
• Lead valuation and financial modeling projects for various domestic M&A transactions.
• Promoted from Financial Analyst; one of only three analysts of 42 chosen to join MBA-level Associate program.
Financial Analyst - Corporate Finance, Global Corporate Finance Group
• Analyzed creditworthiness of clients in the utility, oil & gas, and commodity trading industries.
• Completed intensive, four-month training program in corporate finance, accounting, and credit.
Capital Economics, Washington, D.C. 7/92 - 9/93
Senior Economic Analyst
• Provided analytical and research support for Ph.D. economists at this antitrust consulting firm, which provides litigation support to a
major antitrust law firm.
• Senior analyst on six-month hospital merger case. Managed the casework of 2 analysts. Performed financial, operational, patient,
and geographic econometric analyses and prepared trial exhibits. Selected to join legal team during two-week trial. Testified before
the Federal District Court of South Florida on patient migration in south Florida, refuting claims of a Federal Trade Commission
economist.
EDUCATION:
Daniels College of Business, University of Denver, Denver, CO 2/99 – 8/01
• Master of Business Administration, G.P.A. 3.8/4.0
• Attended school part-time while maintaining full-time working positions.
Trinity College, Hartford, CT 9/88 - 5/92
• Bachelor of Arts-Economics with a minor in Computer Science.
OTHER INTERESTS: Family, fly-fishing, and distance running.
Contact this candidate