Dan Primak
********@***.***
Professional Experience
Woodbine Consulting
Accounting and Finance Consultant
Project work and ongoing consulting: Financial reporting, analysis,
strategic planning and implementation, guidance to the governing bodies,
coordination of budget process, revenue projections, cash management,
equipment acquisition evaluation, payroll, payroll taxes, government filings,
accounts payable, accounts receivable, fixed assets, etc.
Hudson Highlands Group, Denver CO
2006 - 2008
International Finance and Accounting Consulting Firm
Controller (engaged at a national financial services company based in Denver)
Managed all aspects of Accounting, Finance, Treasury, Payroll and Human
Resources for over 20 divisions and corporate office.
Empowered better decision making by developing real time division performance
reports and training division presidents to use the resulting information.
Less detailed reports had previously only been available once a month. This
enabled more effective division management and allowed senior management to
make resource allocation and division viability decisions.
Successfully completed regulatory audit despite obstacles presented by four
month vacancy in Controller position.
Developed financial model and five year plan with investment bankers.
Participated in meetings with potential investors.
Developed and implemented acquisition valuation models and accounting on
boarding policies for new divisions.
Assured all federal, state and local tax, regulatory and bank covenant
reports were filed accurately and on time.
Assumed the responsibilities of Human Resources function upon departure of
Vice President of HR.
AIMCO Denver CO
2005 - 2006
A REIT owning / managing over one thousand properties
Internal Financial Reporting Manager
Developed processes and controls to integrate and reconcile internal
management operations reporting with external reporting allowing better
understanding of expectations and results.
Worked closely with operating divisions and accounting to develop reliable
and reproducible reports including translation tools to provide a bridge to
corporate reports.
Key member of financial reporting task force, which developed single data
source solution to reporting inconsistencies, deployed new software (Hyperion
Essbase Excel Add-In) and trained users
Reduced burden of reconciliation in the short term by developing standard
templates, definitions and translation tools.
Reduced burden of reconciliation in the long term by driving towards single
data source, where operations, management, and external reporting all use the
same data source for reports.
Developed new management reporting tools to quickly convey critical and
historical information to senior management.
Eliminated sources of confusion by developing standard definitions for
reporting.
Ensured accuracy of internal and external presentations by standardizing and
financial presentations. This resulted in more reliable and understandable
operating metrics being included in management reporting.
Robert Half Management Resources
2004 - 2005
Accounting and Finance Consultant
Worked with clients to devise, deploy and test controls to ensure compliance
with Sarbanes Oxley Act. Achieved acceptance by auditors by organizing and
testing large volume of financial data from multiple systems within tight
deadlines.
Graphic Packaging International Corporation. Golden CO
1998 - 2004
A $1.1 billion New York Stock Exchange listed packaging products
manufacturer.
Financial Reporting Manager (2000 - 2004)
Responsible for financial reporting of $1.1 billion multinational public
company with 30 reporting entities including: consolidation and currency
conversion, senior management reporting, financial analysis and commentary,
sales reporting, guiding over 20 plants in accounting policies and
procedures, purchase accounting calculations, acquisition integration, etc.
Improved accuracy, documentation and timeliness of financial reporting by
effectively communicating expectations and providing feedback to controllers.
This resulted in publication of consolidated financials and commentary to
senior management in eight days, which represented a significant improvement
over the previously routine 15 days.
Performed purchase accounting calculations and integrated newly acquired
businesses into financial reporting process.
Developed and implemented internal Financial Reporting website for senior
management.
Successfully converted all reporting locations from six different legacy
financial systems to JD Edwards One World, utilizing a common chart of
accounts. Resulted in vastly improved quality of information to management.
Modified reporting structure for acquisitions, spin-offs, and restructuring.
Prepared Board of Directors financial presentations and CFO briefings for
quarterly meetings.
Researched and analyzed accounting / finance issues. Developed and
communicated new policies.
Managed development of company's first integrated sales reports providing
valuable data to sales management.
Extensive use of Hyperion Enterprise Financial reporting software. Financial
reporting representative in deployment of Hyperion Planning and reporting
software. Resulted in integrated company wide planning.
Dan Primak
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Graphic Packaging Continued
Special projects including: calculation of senior division management and
sales incentives, analysis of utility costs for price increase initiative,
early pay-off calculations on contracts, patent royalty management,
preparation of budgets, etc.
Corporate Accounting Manager (1998 - 2000)
Hired, trained and managed accounting staff upon relocation of corporate
offices to Colorado.
Responsible for all aspects of accounting including: accounts payable,
accounts receivable, fixed assets, payroll, general ledger, budgeting and
departmental spending reporting and analysis. Other responsibilities and
achievements:
Development, communication, and implementation of company-wide accounting
policies and procedures.
Managed accounting for $800 million acquisition project which included:
purchase accounting / goodwill calculations, working capital settlement
negotiations, converting new entities' accounting procedures and financial
analysis.
Successfully integrated 13 acquired plants into accounting and financial
reporting processes.
Managed the sale of several plants including: calculations for working
capital negotiations, acquisition and divestiture transition services
calculations and settlement, gain / loss calculations and audits of divested
plants.
Controller of Sales, Marketing and Product Development Division (1998 - 2000)
Reported to division president, where additional responsibilities included:
financial analysis, development and maintenance of sales incentive plans,
financial assessments of business proposals and division budget. (Served
concurrent with duties as Financial Reporting Manager)
Harbourton Reassurance, Inc. Aurora, CO
1997
A privately held $40 million reinsurance company
Financial Analyst
Responsible for: accounting review, preparation of financial statements,
regulatory reporting and financial analysis. Managed various special projects
including; reconstruction of prior financial data, development of standard
procedures and manual, divestiture gain calculations, etc.
BayBanks, Inc. Boston. MA (now Bank of America)
1987 - 1996
An $11 billion New York Stock Exchange listed bank holding company
Finance Manager (1994 - 1996)
Responsibilities included: coordination of month-end close, management
reporting, variance analysis, budgeting, business line support, ratio
analysis, amortizations, accruals, account reconciliations, general ledger
review and annual report footnotes.
Created highly effective team of 5 analysts and accountants that set standards
for productivity, quality, and responsiveness.
Developed and implemented policies that reduced overtime by 75% despite
increased workloads and staff turnover.
Effectively communicated income statement and balance sheet analysis to
BayBank's controller and senior management that enabled them to make critical
management decisions.
Provided timely, accurate variance analysis and technical assessments for
Board of Directors monthly meetings.
Reduced month end income statement close from 4 days to 1 day.
Effectively managed $1.1 billion special acquisition projects which included:
calculating purchase accounting entries, converting new entities to BayBank's
accounting procedures, financial analysis and general ledger mapping.
Senior Financial Analyst (1993 - 1994)
Responsible for detailed financial analysis and reports of variances for
BayBank's Board of Directors.
Developed, coordinated, and submitted 100% accurate/on-time variance analyses,
cash flow projections, reconciliations, etc.
Promoted to Department Manager after six months in position.
Prepared all consolidated financial statements for senior management, Board of
Directors, quarterly and annual reports.
Successfully converted financial modeling from spreadsheet to database system.
This reduced financial statement change process from 7 hours to 1 hour and
eliminated reporting errors and inconsistencies
Independently developed several management tools including: template which
reflected changes to financials in real time, automated trends for income
statement variance analysis and others.
(1987 - 1992) Earned rapid promotions while honing accounting, finance, and
leadership skills in the following positions: Teller, Accounting Clerk,
Accountant, Senior Accountant, and Financial Analyst.
Education
Bachelor of Science in Accounting, University of Massachusetts, 1991
Systems Experience
JD Edwards, Solomon, FRx, Hyperion, QuickBooks, Excel, MS Word, PowerPoint