Resume Detail
Resume Title SFF_RESUME
Category Accounting/Finance/Real Estate & Business/Management/Marketing
Full Name Steven Farrell
Current Location
Phone 973-***-****
Experience Level 10 years & above
Most Advanced Degree Master of Business or MBA
Target Job Full Position
Target Position Chief Financial Officer
Target Salary 165,000 USD/Year
Target Location States of FL NJ NY, Will relocate
Credit 4
Posted/Last Updated November 21, 2012
Resume Body
STEVEN F. FARRELL
66 La Salle Avenue
Clifton, New Jersey 07013
973-***-**** (Home)
201-***-**** (Cell)
973-***-**** (Work)
******.*.*******@*****.***
SUMMARY
Senior level financial executive with over 34 years of quantifiable achievement. Strategic and tactical expertise with strong qualifications in all areas of
accounting and finance. Instrumental in achieving
significant cost reductions, revenue and profit improvements through reengineering, team building, and leadership expertise. Skilled negotiator and analyst. Acquisitions experience. Consistently employ an energized, participative management style, encouraging motivation, teamwork, approachability, empathy, empowerment, and accountability with my team.
SKILLS
+Banking Relationships, Insurance, and Non-Organizational Personnel To Facilitate Financial Activities
+ Budgeting Monthly Quarterly And Yearly
+ Business Management and Planning, Cost
Accounting, EVA, ERP And MRP
+ Cash Management and Treasury Functions
+ Computer Hardware, Software and Network Architecture
+ Construction Cost Management
+ Collections and Credit Risk Assessment and Analysis
* Disaster Recovery and Business Continuity Planning and Implementation
+ Due Diligence Performance Expertise, Assessing Operation Improvement Opportunities of
Acquisitions
+ Financial Management and Financial Analysis for Internal and External Needs
+ Financial Reporting and Financial Statements Preparation In Accordance with GAAP and
Compliance with Local and State Regulations
+ Inventory Management and Loss Prevention Proficiency
* Payroll Processing and Payroll Tax Filing
* Possess a Secret Security Clearance Vetted by the U.S. Defense Department Security Agency
+Trained in Facility Security, Document Sensitivity and Anti-Terrorism by the FBI, Department of Defense and Department of Homeland Security.
+Purchasing and Pricing Negotiation Expertise
+Relationships with Banking, Insurance, and Non-Organizational Accounting Resources to Facilitate Departmental Workflow
+ Sarbanes Oxley Act Compliance, Corporate Governance, Internal Control Assessments
+Strategic Planning for Nonprofit and or For-Profit Organizations
+Systems Integration to Create Opportunities and Drive High Performance
+Year End Closing with Tax Planning to Align Organizational Financial Goals with Tax Efficiency Planning
ACHIEVEMENTS
+Successfully managed the hyper-growth and financial integrity of a privately held test engineering company that went from $4 million to $140 million in sales in 18 months while maintaining a solid 30% margin. All of this accomplished without the need to
borrow working capital or utilize any outside financing.
+Added 200 employees and 6 offices in 5 states and one in Italy, again without outside financing. State and foreign registrations for Nexus were completed within three months.
+Managed to a successful conclusion the sale of the company for $200 million to a publicly held $13 billion contract manufacturer. Performed the due diligence and regulatory compliance, including the Hart-Scott-Rodino filing leading to the approval and successful sale of Instrumentation Engineering Inc.
(Purchased by Flextronics International in October 2001)
+Selected hardware and software and directed installation of PC technology. Installed new accounting and reporting system for general accounting, financial reporting, financial analysis, cost accounting and purchasing that resulted in substantial cost savings with real-time reporting capabilities
+Designed and implemented loss prevention controls and procedures reducing unexplained
warehouse losses by 90% in company locations in 38 states.
+Managed the construction accounting of a recording studio that took 18 months to build. Building costs kept under control, with the project coming in at $5.5 million dollars, 10% less than projected cost.
EXPERIENCE
Farrell & Associates LLC, Clifton, NJ Dec. 2002 to Present
Chief Financial Officer and Chief Operating Officer
Recruited to manage five companies, four of which related to the music industry, having common ownership, providing the services of a professional financial manager as the CFO and that of a professional operational manager as the COO. The five companies consisted of a Search and Development Company - focused on finding & signing new and undiscovered talent; Creation of a branded record label; Artist and Repertoire Business; Independent Record label (aka Indie Record Company); and a Real Estate Management Company. The owner decided to retire and has nearly finished liquidating the companies.
Instrumentation Engineering, Inc, Oakland, NJ Sept. 1999 to Dec. 2002
Chief Financial Officer
Appointed as the first Chief Financial Officer for Instrumentation Engineering, Inc., a $150+ million dollar corporation providing custom made Automated Test Equipment and System Integration for the telecommunications industry and military and aerospace sectors. Member of the senior management team and supervised a professional staff of 25 managers and accounting/finance personnel.
EDUCATION
Rand Graduate School of Finance-Lincoln University, Des Moines IA
Masters of Business Administration Finance
Kean University, Union NJ
Bachelor of Science Accounting (Minor in Management Science)
PROFESSIONAL LICENSES AND ORGANIZATIONS
* Certified Business Manager
* Member of the Institute of Management Accountants
VOLUNTEER ACTIVITIES, AWARDS AND COMMUNITY SERVICE
* Eagle Scout
* Inducted into the 100th Anniversary Boy Scouts of America National Hall of Leadership 2010
* Rotary Club International Member
* Member of the Executive Board of Directors, Northern New Jersey Council, BSA
* Scoutmaster of Troop 40 Clifton NJ
* Active member of the Boy Scouts of America for 49+ years
* Volunteer and Patron at Strengthen Our Sisters, a Battered Women's Shelter and Child Care Center