NICHOLAS PAUL CIACCIO, MBA

**** ***** ***

Cincinnati, Ohio 45227

513-***-****, 513-***-**** Mobile

abm5d9@r.postjobfree.com

Financial executive with Master of Business Administration

degree and nineteen-years of progressive responsibility with

fourteen-years in senior management. Experience with privately

owned LLC, private equity owned, publicly held, small S-corp.

and family owned businesses.

Northlich, LLC, Cincinnati, Ohio

Privately owned $16 million advertising agency and public relations firm

Chief Financial Officer June 2007 to Present, reporting directly to the CEO

Accomplishments / Results

. Co-led leverage-buy-out of agency for COO from sitting CEO.

Structured deal to buy majority stockholders' 80% ownership,

as well as buying minority shares of three 5% stockholders,

while turning COO's 5% ownership into 100% ownership.

. Structured creative dual-line of credit agreement with bank

to allow leverage-buy-out to occur with $3 million "air ball"

shortfall of collateral.

. Led reorganization of interactive/digital department of

agency by managing project managers and developing weekly

project completion worksheet and procedures to monitor each

project in the agency.

. Negotiated new credit agreement with bank after agency lost

its largest and fifth largest accounts, which accounted for

thirty-percent of agency's gross income.

. Kept payroll, accounts payable, and all financial obligations

to lending institution current through the loss of thirty-

percent of gross income, economic recession and tightening of

banking facilities. Remained financially solvent through the

above which included a decrease in line-of-credit facility by

$2 million.

. Guided the Executive Team and CEO through expense reductions,

including multiple reductions-in-force, restructuring

employee benefits, restructuring through sub-lease

arrangements rent expense and other variable cost cutting

measures.

. Restructured IT department, cutting cost by fifty-percent and

making department more efficient through using outsourcing

option.

F+W Publishing, Inc., Cincinnati, Ohio

Private Equity owned $225 million publisher of magazines and books

Vice President, Controller May 2006 to June 2007, reporting directly to the

CFO

Accomplishments / Results

. Led implementation team to complete costing module of VISTA

inventory system accounting module. Allowing company to use

"actual" cost of sales and inventory numbers as opposed to

estimates.

. Recruited and hired a new accounting manager, cost

accountant, senior GL accountant, payroll accountant and A/P

supervisor within first three months of tenure. In making

these hires, was able to transition significant financial

statement general ledger work from FP&A group to the

accounting team. This allowed FP&A group to produce the

ancillary reporting needed to support the business groups,

and the accounting team to have control over the financial

statements, neither was happening under the prior Controller.

. Developed company-wide procedures and process improvements to

allow for the capture of all pre-publication cost to allow

accounting to capitalize these cost under a change in

accounting practice set-forth by Equity ownership. This

accomplishment led to financial statements using "actuals" as

opposed to booking off of budget.

. Integrated the accounting system data, monthly procedures and

revenue processing after the acquisition of the Great

American Scrap Book Company. Through collaboration with

operating group of this business worked through the full

integration into F+W's processes.

. Through the creation of a detailed monthly close schedule

that outlines due-dates for all areas of production,

circulation and order processing, as well as all accounting

functions, was able to lower monthly close cycle by ten days.

. In conjunction with Director of FP&A, designed and

implemented a dashboard of key metrics presented monthly to

executive team.

Education Lending Group, Cincinnati, Ohio

A wholly owned subsidiary of CIT Group, NYSE traded, Fortune 200 Company

$4 billion in assets, financial services company with $250 million in

revenue.

Vice President/Controller, September 2004 to May 2006, reporting to

divisional CFO.

Accomplishments / Results

. Successfully led division-wide Sarbanes-Oxley compliance with

internal audit group.

. Developed step-by-step monthly close departmental SOP's for

each of the seven securitization financial statements that

passed CIT internal audit review.

. Began tenure with a staff of five degreed accountants

producing five securitization indenture portfolio financial

statements. By the end of first twelve months was responsible

for eight financial statements and had hired and trained

eight new degreed accountants.

. Developed the procedures and processes to take on the

preparation of financial statements for an outside third-

party's securitized loan portfolio, as well as the pricing on

this. This was the first time the company took on an outside

indenture, and led to a template used to take on one

additional after this first success.

Skystone Ryan, Inc., Cincinnati, Ohio

$10 million, privately-held consulting firm

Chief Financial Officer, September 2002 to September 2004, reporting

directly to the President.

Senior Controller, February 2002 to September 2002

Accomplishments / Results

. Led firm from three consecutive non-profitable years prior to

my arrival to a five-percent return-on-sales during my first

year. This can be attributed primarily to the following

actions taken under my direction:

. Expense cuts, both payroll and general and administrative, as

well as better tracking of consultant expense reports for

client reimbursable items.

. Creation of tracking reports for client job costing to better

manage balance between staff consultants and contract

consultants.

. Creation of a three-month projected revenue report to enable

management to efficiently plan.

. Timely and accurate financial statements produced monthly.

. Secured a new banking relationship that allowed the firm to

have lower principle payments, lower interest payments, and a

revolving line of credit. Removed firm from the high-credit

risk department that it was in under prior arrangement.

. Through a thorough audit of the balance sheet at the start of

my tenure, uncovered a six-figure write-down that had been

erroneously multiplying over a four-year period.

. Changed IRS status of the firm from a C Corporation to an S

Corporation, allowing all shareholders to get a personal tax

credit from the loss associated with the discovered write-

down.

. Recreated the firm's entire financial statement process, from

the software set-up of the income statement and balance sheet

presentation to the restructuring of the general ledger,

allowing management and the Board of Directors to have useful

user-friendly reports.

. Shortened monthly closing cycle from forty-five days to

fifteen days.

. Developed the firm's first annual operating budget, which was

presented to and approved by the Board of Directors.

. Developed a formal expansion plan that has allowed the firm,

through either merger or acquisition, to add locations in New

York, Washington D.C., and Houston.

Aero Fulfillment Services, Cincinnati, Ohio

$30 million, family-owned fulfillment and marketing services and

e-commerce and distribution Company

Vice President, Finance, January 1997 to October 2001, reporting

directly to the President.

Controller, April 1995 to January 1997

Accomplishments / Results

. Member of five-person Executive Committee that led the

company from a one-facility, four million dollar operation

with fifty employees to a three-facility, thirty-million

dollar company in two states with over 300 employees.

. Developed financial department that started with three

employees and grew to a department of ten. This involved

hiring and training a controller, human resources manager and

purchasing manager.

. Played major role in sixty-day set up of Baltimore satellite

operation that made a profit from third month of operation

forward. Developed business plan that included financial

forecast, hiring plan, warehouse set-up plan and capital

expenditure budget and operational plan that allowed the

company to secure financing from its bank.

. Was a key member of the steering committee that researched

and analyzed various ERP software systems, then designed

financial statement structure and successfully implemented

Oracle 11-i financials.

. Shortened monthly closing cycle from sixty days to thirty-five days.

. Secured financing for the construction of the company's new

$3.8 million facility through both conventional and SBA

government financing.

. Member of Executive Team during time period that the

Entrepreneur of the Year award was presented to the company

by Ernst and Young.

. Member of Executive Team that was granted the Chamber of

Commerce Business of the Year award for the service industry.

Gibson Greetings, Cincinnati, Ohio

$550 million, publicly-traded, greeting card designer and manufacturer

Senior Financial Analyst, August 1994 to April 1995

USA Mobile (currently Arch Communications), Cincinnati, Ohio

$125 million, publicly-traded paging and cellular company

Senior Accountant, March 1992 to August 1994

Staff Accountant, September 1990 to March 1992

Key Duties and Responsibilities

. VP, Controller's group includes, corporate accounting,

divisional accounting, accounts payable, accounts receivable

and credit and collection. This is comprised of three direct

manager reports, and an additional nineteen employees

reporting into those managers for a team of twenty-two. This

includes eleven degreed accountants.

. Responsible for all divisional financial statements, as well

as the consolidated financial statements that include a

United Kingdom operating unit. All elimination entries, as

well as foreign exchange accounting is performed.

. Responsible for all treasury duties. This includes analysis

of cash receipts in various accounts from multiple of revenue

streams; to allow for an accurate allocation of cash to flow

out of accounts payable for vendor payments. Additionally,

this includes dealing with Foreign Exchange desk of PNC bank

and other lending institutions to get most competitive

exchange rate on the various Hong Kong Dollar and Canadian

Dollar payments made to foreign vendors and external sales

agents. Analysis of all SWAP transactions and the mark-to-

market true-up each month.

. Responsible for year-end audit. This includes making sure all

auditor requests are prepared and organized for audit team

prior to field work. This also includes working with PWC tax

group on tax provision for audited financial statements.

Additionally, work is done with PWC-England to ensure all UK

information is reported correctly for USA GAAP.

. Responsible for all sales and use tax reporting with internal

staff. Responsible for working closely with PWC on completion

of all state and city income tax returns, as well as property

tax returns. Additionally, works closely with PWC on Federal

return and audit tax provision.

. Perform monthly interest rate sensitivity analysis, as well

as monthly weighted average yield analysis on individual

indentures.

. Act as liaison with CITI Bank and US Bank, which are the

Eligible Lender Trustees of the indentures. This entails

ensuring all compliance with noteholders, as well as payment

of all debt on notes as specified with its legal description.

. Responsible for weekly cash estimates to insure all company

disbursements for student loans to the universities, as well

as company accounts payable are met and debt conduit service

is managed efficiently.

. Direct all Human Resource functions, including administration

of health benefits, 401k and employee performance appraisals,

and the updating of the firm's policy and procedure manual.

. Present financial reports and answer questions at quarterly Board of

Director's meeting.

. Developed company's first detailed annual budget and business

plan, which grew into four business units and a consolidation

of all facilities.

. Developed all financial and accounting procedures and systems for start-

up Baltimore facility.

. Negotiated the leases on company's second Cincinnati facility and the

three Baltimore facilities.

. Worked with sales staff on pricing for contracts with fulfillment clients

and attorneys for liability of contract.

. Developed company's commission plan for sales employees.

. Responsible for the general and liability insurance for all

operations, including loss of business income, fiduciary

liability, IT coverage, Errors and Omissions, and employee

practices insurance.

. Developed company's first comprehensive collections plan.

. 401k trustee.

. Member of Corporate Finance group that consolidated all

operating units' financial results and filed results with

SEC.

. Developed and maintained one, three and five-year forecasts

for all business units, including operations in Mexico and

England.

Computer Software

Advantage, Oracle 11i, Vista, People Soft, Great Plains, MAS 90,

FRX report writer, Microsoft Excel, Microsoft Word

Education

Xavier University, Cincinnati, Ohio Master of Business

Administration, concentration in Finance, May 1994

Bachelor of Science Degree in Finance, with Accounting Minor May

1990

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