David A. Rakowski, CPA Web Portfolio: http://webprofile.info/drakowski/
M: 805-***-**** ? T: 805-***-****
**** ***** ***** ? Simi Valley, CA 93063
Email: **************@*****.***
Operations Finance Senior Manager
Senior Financial Executive with deep experience in FP&A, multi-site
support, accounting, auditing, forecasting, and championing corporate
objectives to achieve profit goals, cash flow forecasts, and overhead
targets. Increased profitability 48% over three years by compiling biannual
forecasts across all business lines that provided the vision to adapt to
changing business environments. Expert understanding of sales, operations,
finance, and processes that deliver bottom-line results. Catalyst for
change, growth, and delivering best-in-class operational performance.
Financial strategist who achieves exceptional business results through
expertise in:
( Financial ( Financial ( Financial Analysis
Management Planning
( Strategic ( Process ( Team Leadership /
Planning Management Collaboration
( Customer Focus ( Adaptability ( Coaching
Executive Performance
Otis Elevator 1989-2010
World's most popular transportation company and largest manufacturer and
maintainer of people-moving products including elevators, escalators and
moving walkways.
Senior Regional Financial Manager, Los Angeles, CA (1995-2010)
Led three-member team providing FP&A, accounting, cash flow management,
and internal controls in support of 20 branch operations across 12 Western
states.
Financial Leadership
. $10 million contributed to bottom line in 2009, by collaborating with
operations management to negotiate termination payments on cancelled
new equipment projects.
. Exceeded 2009 plan $5 million by comparing forecast to plan twice
annually that enabled strategic shift towards service business.
. Achieved annual West Coast business plan for 12 of past 15 years
including 20 branch operations through focusing management,
identifying trends, and creating priorities.
. Turned bottom line $250,000 in one year by working with Phoenix branch
leadership, raising prices, and lowering volume of "oversold" new
equipment installations.
. Passed every financial audit from Price Waterhouse Coopers, United
Technologies Co., and Otis HQ by training staff and leading
implementation of SOX requirements across all branches.
. Led West Coast to achieve plan for three consecutive years despite
Otis North America restructuring that eliminated 66% of Regional
Financial Managers and increased territory 400%.
. Improved working capital $1 million by teaming with branch management
to restructure billing process.
Sales Enhancements
. Contributed to growth by recommending addition of sales
representatives to focus on specific lines of service resulting in 5%
increase in maintenance service sales over two consecutive years.
. Attained 2006 financial plan growth by increasing sales $5+ million
after convincing Los Angeles Branch Manager and Senior Management to
add modernization sales representative in 2005.
Cost Containment
. Decreased bad debt expense 50% by using outside counsel to support
collection efforts over less effective internal legal staff.
. Realized 70% decrease in year-over-year cost overruns in Seattle
Branch by working with sales and operations to change sales strategy
and method for estimating costs.
. Reduced fleet expense 15% in one year by changing over to smaller,
more efficient leased vehicles.
David A. Rakowski, CPA Page 2 of 2
Senior Regional Financial Manager (continued)
Performance Improvements
. Reduced 2009 overhead 10% by supplying monthly variance analysis to 20
branch operations and senior management with focus on overhead cost
control and reporting.
. Changed payment terms on new equipment sales by implementing down
payments that created culture change, so that today, 90% of all new
equipment sales receive down payment.
. Drove $1 million to Q4 2008 bottom line through understanding of
processes for estimating new equipment backlog and incurring actual
costs.
Manager Special Projects, Farmington, CT (1994-1995)
Transitioned Canadian accounting to headquarters in Farmington, CT, and
implemented new standard for shuttle accounting in North America aligned
with GAAP.
. Created first set standard audit workpapers used by Otis North America
that enabled standardized auditing of branches on consistent basis.
Manager Financial Services/Reporting, Otis Canada, Oakville, ON (1989-
1994)
Supervised up to 10 employees in all day-to-day financial and accounting
functions and monthly close.
. Led cross-functional team installing/training new repair and equipment
billing systems in Canada.
. Installed first set of lock-boxes used in Canada that reduced cost and
improve efficiency.
Education / Certification
M.B.A. (with honors), Business Administration, Syracuse University,
Syracuse, NY
B.S. (with honors), Accounting, Le Moyne College, Syracuse, NY
Certified Public Accountant, State of New York