RUSSELL R. MANTIONE 973-***-****

*** ********* **** **** *******, NJ 07480 ac1aed@r.postjobfree.com

PROFILE

Accomplished Executive with a background of C-level management experience in Finance, Administration, Human Resources, Operations Management, Information Technologies, Contract and Royalty Administration, Business Re- engineering, Staff Hiring, Training, Development and Mentoring. PROFESSIONAL EXPERIENCE

PRINTERS’ SERVICE GROUP OF COMPANIES, Newark, NJ 07/06-12/16

$100+MM International manufacturer and distributor of pressroom supplies to the Graphic Arts Industry Chief Financial Officer-Directed all financial and Administrative activities for this multi-national manufacturer and distributor of press room supplies to large commercial printers.

Identified financial control weaknesses and implemented systems and procedures consolidating procedures and eliminating inconsistent operational practices in A/R, A/P and Finance, resulting in improvements in cash flow, reduced bad debt exposure, and improved reporting of management results of operations.

Identified material weaknesses in ERP system and implemented controls to ensure consistent results.

Eliminated ERP consultant support, saving $600+k per year in fees by upgrading staff and IT operational procedures.

Combined and coordinated corporate property and casualty insurance programs resulting in annual savings of

$150k.

Upgraded Finance Staff eliminating ongoing need for CPA firm to prepare Quarterly financial statements.

Negotiated directly with major lender to modify and increase lines of credits, streamlining covenants and improving borrowing availability

Managed international portfolio of Companies, creating new affiliates where necessary and elimination of idle affiliate companies.

Identified and implemented a corporate austerity program resulting in the re-engineering of the entire business process. We eliminated 20% of the worldwide workforce, closed redundant warehouse locations, eliminated slow-moving inventory, implemented improved purchasing procedures resulting in a 25% reduction in overall inventory levels, consolidated banking relationships and lending facilities including negotiating more favorable interest rates and covenant requirements, and implemented strict controls to reduce discretionary spending. The effort included revisions to credit and collections policies and vendor payment term modifications. The effort translated into annualized savings of $2.0mm and allowed the company to achieve all of its profit objectives in the year of implementation

SPECIFIED TECHNOLOGIES, INC., Somerville, NJ 11/01 - 12/05

$22MM international firestopping material manufacturer Controller - Directed all financial activities for a company that designs and markets systems and products used by the construction, electrical and communication trades to prevent migration of fire through walls, floors and ceilings.

Reshaped accounting staff of six (6) and a budget of $750K, focusing operations on receivables, payables and responsiveness to field and corporate staff.

Designed proprietary Point-of-Sale software package. This accurately allocated national account partners sales to correct geographic region and ensured proper commission assignment, eliminating duplicate commission payments.

Retooled and implemented new internal financial reporting package to improve response and credibility.

Created real time sales information system for field sales personnel and executive management which included comprehensive / detailed sales data?

Developed and directed the implementation of MAS 500, an ERP system for G/L, A/P, A/R, Inventory, Order Entry and Customer Service increasing productivity and improving response times.

Renegotiated line of credit increasing availability and reducing fees by 50 basis points.

Headed the search to change from a large national CPA firm to a major regional firm, improving service and reducing costs.

Managed tax compliance with Federal, State and local authorities, including filing of tax returns, distribution of shareholder K-1s and refiling of prior years tax returns prepared inaccurately by CPA firm. VIVA INTERNATIONAL GROUP, Somerville, NJ 1/00 - 6/01

$100MM fashion accessory manufacturer

Vice President & Chief Financial Officer - Directed and staffed corporate finance function with six (6) direct reports and 60 total employees with a $4MM budget, eliminated redundant positions, produced timely financial reporting, developed monthly group financial statements.

Improved domestic financial package preparation time from six (6) weeks to seven (7) days.

Implemented improved financial policies and procedures, e.g., reconciling product receipts, QA acceptances, vendor invoices and blanket P.Os, increasing accuracy and allowing for the elimination of quarterly external reviews.

Implemented physical inventory procedures reducing timeline from seven (7) to two (2) days.

Negotiated improved vendor payment terms and reduced past due payables aging. Eliminated a significant lending facility over advance by use of daily monitoring of cash availability and inventory position and incoming inventory cash requirements.

Replaced small public accounting firm with a major regional firm, improving delivery of audited financial statements, resulting in better client services and reduced fees.

Placed asset-based lending portfolio with new syndicate, resulting in higher borrowing capacity, improved advance rates, lower fees and relaxed restrictions.

DELTA PLASTICS, INC., Newark, NJ 7/98 - 1/00

$120MM plastic film manufacturer

Chief Financial Officer - Directed the credit, finance, human resource and information technology functions with 18 direct reports in Newark, Chicago and NC.

Implemented business practices and accounting controls in new start up extrusion facility.

Created financial and shop floor date reporting systems.

Performed the due diligence effort with outside consultants; evaluated recapitalization alternatives; and, worked with consultants and legal counsel in the refinement of the terms and conditions for the recapitalization.

Coordinated response to IT system enhancements needed to ensure Y2K compliance. PARAMOUNT PACKAGING CORPORATION, Chalfont, PA

$140MM flexible packaging manufacturer

Transition Team Leader, 1997

Headed 15 accountants and 20 support staff for all financial management functions, including accounting; auditing; pricing; inventory control; budgeting; and, credit and collections.

Participated in management team, taking company private

Led the finance and administrative team in building a state of the art manufacturing and warehouse facility in Northern England. Dealt with all UK regulatory and banking issues. Hired financial controller to oversee daily operations.

Corporate Controller, 1989 - 1996

Assistant Controller, 1984 - 1989

EDUCATION DREXEL UNIVERSITY, Philadelphia, PA

B.S., Business Administration, Concentration in Accounting Training Attended several Financial, Pension and Risk Management Seminars

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