Michael Kondourajian, MBA ***-***-
**** (cell)
**** ********** **** ***** ***-
***-**** (home)
Naperville, Illinois 60564
*****@*****.***
SUMMARY:
A motivated, proactive financial executive with an MBA in finance and
extensive experience in financial leadership and information technology in
the publishing, insurance, retail, market research and manufacturing
industries. Major strengths in strategic planning, financial evaluation and
problem solving. Adept at interpreting business and financial trends used
to drive shareholder value and improve bottom line results. Proven track
record of creating and executing corporate strategy and enterprise
operational improvements. A persuasive, skillful individual who affects
positive change and delivers favorable results.
PROFESSIONAL EXPERIENCE:
PIONEER CLUBS, Carol Stream, Illinois 2009 - Present
Chief Financial Officer
Executive leadership responsibility for driving efficiencies in corporate
accounting, finance, human resources, and operations. Leading re-
engineering efforts to streamline support operations, including functional
shared services processes and reporting. Working with President/CEO on
turnaround efforts including cost containment, product mix and pricing
changes, supply chain management, cash and investment management, and
overall revenue growth strategies. Report to the President/CEO.
. Improve net income performance by 39% through restructuring and expense
management efforts.
. Coordinate with CEO, Board of Directors, and the Finance Committee on key
policy initiatives.
. Improve the annual budgeting process, resulting in a better understanding
of operational strengths and weaknesses.
. Lower company cost structure through close management of key expense
drivers.
. Manage treasury and investment funds to ensure sufficient cash liquidity.
. Streamline accounting and financial processes, freeing up staff to focus
on internal controls and accuracy.
. Revise and develop new market penetration strategies with CEO and head of
Marketing.
. Renegotiate bank line-of-credit to lower company risk and free up
underutilized assets.
GANNETT HEALTHCARE GROUP (A Gannett Co.), Hoffman Estates, Illinois 2006 -
2009
Executive Vice President / Chief Financial Officer
Executive leadership role and key advisor to CEO on strategic matters
including acquisitions, divestitures, corporate structure, and growth
plans. Full responsibility for finance, accounting, audit management, SOX
compliance, acquisitions, contract negotiations, cash management, and
comprehensive financial reporting and analysis. Worked with executive team
on key strategic issues. Reported to the CEO.
. Served as the top financial executive responsible for leading all
business analysis, financial reporting, accounting, audit coordination,
cost control, and risk management.
. Participated in special projects with the CEO and senior executives
related to acquisitions, new business development, partnerships, and
other key business activities.
. Developed and maintained sufficient internal controls and manage
financial accounting data to ensure strict Sarbanes Oxley compliance to
safeguard company assets.
. Led the preparation and consolidation of the annual operating budget and
associated financial metrics used to evaluate and manage the company's
financial health.
. Supported revenue generation and new business development through pricing
support and review of major customer programs, promotions, and contracts.
. Reviewed and negotiated vendor and customer contract terms and worked
with inside and outside legal counsel to manage legal risk.
MICHAEL KONDOURAJIAN ~ *****@*****.*** ~ 630-***-**** ~ Page 2
THE BLACKSTONE GROUP, INC., Chicago, Illinois 2004 - 2006
Vice President of Finance & Administration
Senior leadership role with full responsibility for the corporate
accounting, finance, technology, human resources and administrative
functions. Charged with developing and leading corporate restructuring and
turn-around efforts. Strategic initiatives included expense restructuring
and cost containment efforts, process re-engineering, and organizational
realignment. Worked with Board of Directors on key strategic issues.
Reported to the President/CEO.
. Managed cross functional departments effectively and ensured timely and
accurate reporting of all corporate accounting, finance, information
technology, human resources, and administrative information.
. Advised on changes to capital structure, reduction of headcount, and spin-
off of underperforming operating unit to streamline operations and
stimulate outside capital investment.
. Issued new policies and procedures to tighten inefficiencies in corporate
accounting, finance, human resources and technology, which resulted in
greater staff productivity and improved focus on key corporate
initiatives.
. Created new processes for managing operational and financial metrics,
including a quick response process for cost overruns on key client
projects.
. Designed, built, and implemented new operational reporting systems, which
empowered senior managers with relevant, real-time information necessary
to manage operations and grow the company.
MOMENTUM CONSULTING SERVICES, INC., Aurora, Illinois 2001 - 2004
Founder & CEO
Led all aspects of a start-up finance and technology consulting venture
including business plan development and incorporation, initial launch,
overall market penetration strategy, and key business development efforts.
Large and small regional corporate engagements were acquired and managed.
. Contracted a senior consultant to manage a large technology disaster
recovery engagement for a $1 billion transportation company in Chicago.
Consultant completed project on time and on budget.
. Contracted for a restructuring engagement to analyze business operations
of a small leasing company and provide business improvement
recommendations.
. Served as Interim Vice President of Finance, Treasurer for an internet
startup in Chicago. Later retained as a contractor to manage all
accounting, finance, and investor relations activities including
supporting VC/private placement capital funding, coordinating investor
relation activities, establishing and maintaining banking and credit
relationships, managing cash flow, and developing and maintaining all
corporate financial policies, processes and procedures.
CNA FINANCIAL CORPORATION, Chicago, Illinois 2000 - 2001
Director of Finance & Controller - Commercial Insurance Business Technology
Key participant in building the strategic vision for Business Technology
and advised on I/T capital utilization, improved internal evaluation
processes, partnered with senior management to stay within operating
budgets and re-engineered all financial planning, forecasting, reporting
and analysis. Reported to the Senior Vice President of Finance & Project
Management.
. Selected to participate in a new Corporate Business Leadership Program
designed to prepare senior management for top executive roles. Knowledge
gained was applied to all aspects of financial management and leadership.
. Elected to the Business Technology Leadership Team Advisory Council that
discussed and advised on strategic issues and resulted in improved I/T
capital investment decisions.
. Interpreted and presented consolidated financial position to executive
management which helped identify 20% of total budget as underutilized
capital due to delayed projects.
. Improved all business and financial analysis through the creation of new
financial reports that resulted in a $1.2 million savings of I/T
spending.
MICHAEL KONDOURAJIAN ~ *****@*****.*** ~ 630-***-**** ~ Page 3
. Designed, developed and implemented a new financial planning and
forecasting system for 2001 Business Technology operational planning,
saving planning managers 40% of planning hours.
SEARS, ROEBUCK AND CO., Hoffman Estates, Illinois 1996 - 2000
Controller - Sears Financial Products (1998-2000)
Enhanced finance and accounting operations for a Sears's insurance business
unit by working with senior management to improve key financial drivers and
visibility to operational strengths and weaknesses.
. Identified financial strengths and weaknesses in the business model and
recommended actions resulting in the repositioning of the product mix,
pricing changes, and new marketing channels.
. Quantified revenue, profit and net income lift derived from new and
alternative products, resulting in enhanced financial performance.
. Improved financial reporting and analysis that reduced operating expenses
by leveraging economies from other internal business units.
. Directed all operational and strategic planning and forecasting efforts,
which allowed senior management to focus on business growth.
SEARS, ROEBUCK AND CO., Hoffman Estates, Illinois
Consultant - Financial Processes and Systems (1996-1998)
Selected to be on a core team of Finance/IT professionals for a top company
initiative to re-engineer all enterprise wide financial processes and
systems and guide corporate finance, I/T and business teams through
integrated financial system software implementations.
. As a core team member, developed a multi-phase, multi-million dollar
business case for project justification that was approved by the Chairman
and CEO and was used to complete the project on time and on budget.
. Identified system process improvement opportunities and cost reductions
resulting in the potential elimination of 80% of existing financial
systems after all phases of the project were complete.
. Implemented the PeopleSoft Projects module as part of a major cost
reduction initiative and developed new capital approval processes
resulting in more control and analysis of capital utilization.
. Created integrated cost and scheduling capabilities for improved cost
tracking, leveraging the integrated nature of PeopleSoft and reducing the
capital procurement function by 30%.
MILLWARD BROWN INTERNATIONAL, Naperville, Illinois 1994 - 1996
Cost Analyst - Corporate Finance
Managed numerous ad hoc financial projects for the Chief Financial Officer
and directed all activity-based costing and financial analysis for North
American. Reported to the Director of Finance.
SEMLER INDUSTRIES, INC., Franklin Park, Illinois 1992 - 1994
Accountant - Corporate
EDUCATION:
Walter E. Heller School of Business Administration, Roosevelt University,
Chicago, Illinois
M.B.A., Finance, 1999. Graduated with honors.
Olivet Nazarene University, Bourbonnais, Illinois
Bachelor of Science, Marketing/Accounting, 1989.
INFORMATION TECHNOLOGY SKILLS:
Wide range of technology skills including PeopleSoft (PC, AM, GL,
PeopleTools), Hyperion Essbase, OutlookSoft, MSG, Business Works, Wired for
OLAP, QuickBooks Pro 2003, Microsoft Office 2007, Windows XP/Vista, LANs,
WANs and 3/N Tier Client/Server technology.