Paul T. Kelly
East Islip, N.Y. 11730
Executive Summary
Senior level executive with over 20 years of quantifiable achievement in
the construction field
Direct financial management experience with a proven track record of
growing enterprise value. Strong in financial reporting, forecasting,
budgeting and defending company positions during reviews by external
auditors, insurance, banking, union, as well as, federal and state
governmental agencies. Demonstrates organization skills necessary to
manage multiple and complex tasks, often with conflicting deadlines. Play
a key role in the selection and implementation of several computer systems.
Deliver valuable contributions in the strategic planning process.
Achieves expected goals through effective training and procedural
implementation. Possess a detailed understanding of percentage of
completion reporting, and the effect of controlling insurance and other job
costs in the pursuit of maximum corporate profitability. Controls and
improves cash flow, a/r, a/p and the reconciliation priorities.
Professional Experience
Sweeney & Harkin Carpentry and Dry Wall Corporation
Controller
February 2002 to Present
Responsible for all financial aspects of a $22 million company, including
office operations, client and banking relationships, the administration of
human resource, the negotiation of business and medical insurance contacts,
computer systems and profit sharing.
Key Accomplishments:
* Realigned key aspects of the company's strategic plan
dramatically accelerating the client billing and collection
processes improving ongoing cash flow by $2 million which
funded company expansion.
* Established and maintained a banking line of credit and
surety bonding.
* Reorganized liability insurance resulting in annual savings
in excess $300k of annual premiums Forecasted company
volumes to gain optimal coverage minimizing annual premiums
and audit assessments
* Changed health care insurance cutting annual premiums by
half while increasing medical coverage and adding dental,
eyeglass and group life.
* Successfully defended company position during union benefit
and insurance audits.
* Upgraded computer hardware, and implemented internet and
email systems.
* Supported revenues growth of 83% ($10 million) with no
addition to back office support.
York Hunter Group Inc
Chief Accounting Officer
January 2000 to February 2002
Functioning head of the accounting department; worked closely with
executive committee to develop effective and timely management reporting
for financially troubled company with revenue exceeding $450 million.
Internal controls and cash management procedures were implemented.
Department personnel evaluated. Reassigned responsibilities and instituted
training program that successfully improved project accountability and
secured a strong, effective working relationship with field operations.
Key Accomplishments:
* .Worked with executive committee to develop company
strategies for fifteen business units.
* Developed a strong liaison among the accounting and
operations departments in support of the executive
committee
* Presented and implemented an extensive improvement in the
corporate requisitioning and collection processes improving
cash flow and project costing.
* Established departmental goals and objectives, evaluated
current staff, restructured department and
responsibilities, hired and trained 30 replacements,
dramatically improving work and cash flows
* Personally recruited and replaced 90% of accounting
department while reducing payroll by 40%.
* Identified, structured and successfully collected $6
million of under billing overlooked on a municipal
contract.
* Negotiated inter company agreement with partially-owned
subsidiaries and worked extensively with corporate tax
staff to implement and manage these relationships.
Structure Tone Inc.
Director of Finance
January 1989 to January 2000
Established an internal financial reporting system for company executives;
providing financial statements, forecasting, budgeting, and interim project
profitability in house. Assumed investment, retirement plan and payroll
department functions. Reversed assessment of union and insurance audits
saved over $1 million. $5 million saved by revising insurance contracts.
Key Accomplishments:
* Created financial area responsible for all financial
reporting including financial statements, forecasting,
budgeting and payroll, as company grew from $300 million to
$2 billion.
* Lowered annual professional fees while improving financial
awareness of company activities for executive management by
establishing the internal preparation of monthly financial
for seven separate companies.
* Established monthly work in progress reports in support of
financial statements while incorporating results into
forecasting models.
* Improved corporate information reporting through the
development of positive working relationships among the
financial, operational, legal and administrative areas of
the company.
* Developed a commonality among several diverse and unrelated
accounting systems to insure accurate and timely reporting
while assisting in the selection and implementation of the
CGC computer system.
* Defended company position with insurance company resulting
in the $1 million reversal of an audit assessment; the
subsequent restructuring of all business insurance resulted
in $5 million savings for liability and compensation
premiums.
* Successfully defended company position and the integrity of
financial positions in audits with unions, federal state
and local taxing and administrative authorities.
* Developed company billing rate system in support of
contracts with private and government contracts
* Performed investment decisions and maintained
recordkeeping of company and retirement plan portfolios
while
developing working relationships with the various financial
institutions.
Home Life Insurance Company
May 1982 to January 1989
Director of Tax - tax audits &
compliance
Manager of Cost Analysis
-budgeting & profitability analysis
Bank of New York, Inc Profitability & cost analysis,
September 1981 to May 1982
Helena Rubinstein, Inc Plant management & product profitability
June 1978 to September 1981
Merck & Company, Inc. Inventory control & analysis
May 1975 to June 1978
Education
M. B. A. in Finance Adelphi University N.Y. 1993
B.A. in Accounting Belmont Abbey College, N.C. 1975
Professional Development
Adjunct Lecturer New York University N Y.
Notary Public, New York State