Accounting Management

Michael B. Herz, CPA, MBA, ABV

* ********* ***, ******, ** 10504 - 203-***-**** - ac17oi@r.postjobfree.com

Linkedin URL: http://www.linkedin.com/in/michaelbherz

EXPERIENCED FINANCIAL MANAGEMENT PROFESSIONAL

A self-motivated, highly accomplished business professional with a proven track record of financial management and innovation. Proven ability to streamline operations, implement cost-cutting initiatives, communicate effectively throughout an organization, team player and team builder. Recognized for ability to mentor and encourage growth within subordinates, while achieving goals and objectives on or ahead of schedule. Detail oriented with ability to view the big picture, intuitive decision-maker, problem-solver and strategic thinker.

CORE COMPETENCIES

• Extensive Knowledge of U.S. GAAP • Financial Reporting • Financial Analysis

• Internal Controls Evaluation • Budgeting & Forecasting • KPI Metrics & Dashboards

• Contract Review & Negotiation • Cash Flow Management • Mergers and Acquisitions

• Developing Bank Lines of Credit • Conflict Resolution Methods • Project Management

EXPERIENCE:

Clean Air Group, Inc., Fairfield, CT - January 2015 to present

CFO for an emerging manufacturer of air purification products. In charge of all accounting, finance, cash flow management, financial planning and analysis, and human resources. Improved systems of internal control, reduced the time of each monthly closing and reduced the time for the year-end closing.

Mt. Vernon Neighborhood Health Center, Mt. Vernon, NY – March 2014 to September 2014

CFO of a non-profit federally qualified healthcare center with 6 locations, 50 physicians, 325 employees and a $30 million annual budget. In charge of all accounting, finance, cash flow management, financial planning and analysis, revenue cycle and materials management.

Accomplishments include:

Took over for a CFO who had incorrectly reported financial results to the Board of Directors;

Revamped the Revenue Cycle procedures and personnel which resulted (in the short-term) in a 16% improvement in days in Accounts Receivable and a 75% reduction in the claim denial ratio;

Developed a plan to return the organization to profitability and more effective management of its bill-payment activities, by refinancing and consolidating the short-term debt into a longer-term mortgage.

JCC of Mid-Westchester, Scarsdale, NY – April 2012 to January 2014

CFO – CFO of a Jewish Community Center with an $8 million budget. In charge of all accounting, finance, admin., HR and IT.

Accomplishments included:

Took charge of co-running the JCC one week after joining (for a period of 9 months), due to the termination of the Executive Director by the Board of Directors;

Developed a new Dashboard highlighting all important developments with the JCC, which was distributed to the Executive Board on a weekly basis;

In-charge of developing a new 3-year strategic plan;

Implemented a cost-cutting program which reduced annual expenses by $180,000.

Michael B. Herz, Financial Consultant, Armonk, NY – Nov. 2010 to April 2012 - Provided part-time financial consulting services for two start-up Internet-based companies, including implementing accounting systems, internal controls, preparing and updating forecasts, budgets and business plans.

Michael B. Herz - Page Two 203-***-****

New York Society of Security Analysts, Inc., New York, NY – Aug. 2008 to Oct. 2010

Managing Director of Finance, Administration, HR and IT – The largest association of security professionals in the world with more than 10,000 members.

Accomplishments included:

Successfully streamlined the monthly financial reporting process, to reduce the closing time by 20%;

Identified key performance indicators and created monthly dashboards, graphically displaying results;

Orchestrated two across-the-board reductions-in-force, resulting in a 35% reduction in payroll costs and turned a forecasted loss into a break-even year for the Society, without any adverse legal actions;

Actively participated in the creation of a new 3-year strategic plan, complete with new revenue initiatives as well as cost control and containment measures.

Box Services, LLC, New York, NY – Aug. 2007 to July 2008

Interim CFO – CFO of this rapidly-growing media company in NY City.

Accomplishments included:

Effectively managed the financial affairs as the first-ever CFO of a $20 million media company;

Evaluated and successfully converted the financial accounting system from MAS 200 to MS Dynamics;

Monitored and controlled the cash flows which facilitated the continued growth of the company, without the need to draw down from the revolving credit facility.

Herz & Herz, Armonk, NY - 1992 to 2007

Managing Director - The firm provided accounting, tax and management consulting services to a variety of

small to medium-sized businesses. Engagements included business evaluations, business valuations, mergers, acquisitions and divestitures, negotiation and conflict resolution, forensic and investigative accounting, providing litigation support and expert witness testimony, bankruptcy, insolvency and corporate reorganizations, the preparation of business plans, securing financing for expansion needs and serving as a part-time CFO.

PPI Enterprises (U.S.), Inc., New York, N.Y. – 1988 to 1992 - Vice President - Finance, CFO and Director - Responsible for all corporate accounting and treasury functions, reviewing all financial statements, overseeing the centralized cash management system and expanding the banking relationships.

Fingermatrix, Inc. -1986 -1988 - Controller - Manufacturer of electronic fingerprint identification systems

Nutri-Bevco, Inc. - 1985 - 1986 - Controller/Treasurer/CFO - Nutritional drink mix manufacturer

Mann Judd Landau, CPAs - 1981 - 1985 - Audit Manager - Top 20 CPA firm (now part of Deloitte)

Coopers & Lybrand, CPAs - 1979 - 1981 - Auditor - A "Big 4" CPA firm (PriceWaterhouseCoopers)

EDUCATION: Pace University – MBA in Finance - 1985, BBA in Accounting - 1979

PROFESSIONAL ACHIEVEMENTS:

CPA licensed to practice in New York State -1985 and Connecticut - 1981

Member of the American Institute of CPAs (AICPA) and New York State Society of CPAs since 1985

Accredited by the AICPA as a Business Valuation Specialist (ABV) in 1999

Member of the Non-For-Profit Committee of the NYSSCPAs – 2008 - 2010

Co-Chair of the NYSSCPA Westchester Accountants in Industry Committee – 2012 to present

Board Secretary of the NYSSCPA Westchester Chapter – June 2014 to May 2015

Board Treasurer of the NYSSCPA Westchester Chapter – June 2015 to May 2016

Board Vice President of the NYSSCPA Westchester Chapter – June 2016 to May 2017

Board President-Elect of the NYSSCPA Westchester Chapter – June 2017 to Present

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