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Accounting Manager

Location:
Libertyville, Illinois, United States
Posted:
April 05, 2018

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Resume:

ELIAS G. ORFANOS, CPA, CGMA

**** ********** ****

Grayslake, IL 60030

847-***-****

ac41qx@r.postjobfree.com

SUMMARY

Financial executive with strong leadership, strategic and operational experience. Focused on increasing enterprise/shareholder value by developing highly effective teams able to implement both strategic and tactical initiatives. Strongly qualified in implementing financial/operational controls and organizational enhancements that optimize company performance quickly and efficiently. Comfortable operating in a leveraged environment and partnering with private equity sponsors in start-up/turnaround situations. Core competencies include:

• Strategic Planning

• Process Improvements

• Budgeting & Forecasting

• GAAP Compliance

• Financial Modeling

• Internal Controls

• Financial Controllership

• Turnaround/Change Mgmt.

• Risk Management

• M&A Activity

• Treasury Management

• Coaching & Mentoring

PROFESSIONAL EXPERIENCE

CONSENSYS IMAGING SERVICES, INC. 2013-2018

Private equity healthcare portfolio company providing diagnostic imaging services, equipment and parts sales.

Chief Financial Officer

Collaborated with the CEO to develop and implement a strategic roadmap for the company. The strategic plan included levers to stimulate organic and acquisition growth components while optimizing operational efficiencies culminating in enhanced profitability and ultimately successful transaction of the business.

Provided leadership in all aspects of accounting, finance, human resources and information technology functions. Financial scope of responsibilities included strategic planning, general accounting, budgeting, forecasting, financial/operational reporting, treasury, tax, external audits, analysis and board presentations.

Established goals, policies, priorities and best practices relating to all aspects of human resources management in collaboration with the HR Director including strategic direction, compensation/benefits, recruitment, staff development, employee evaluation, disciplinary actions, compliance and employment legal matters.

Led and enhanced monthly operational review meetings with a cross-functional team of department leaders. Greater operational visibility coupled with direct communications resulted in a 32% improvement in gross margin through instituted critical business metrics (KPI’s), internal controls and elimination of

$1.3 million of unprofitable contracts.

Assembled and mentored a high-performance finance team that worked throughout all functional areas driving disciplined growth and unlocking profitability. Realized a 155% increase in EBITDA in the first year and 216% over four years.

Implemented best practices and discipline to reduce the monthly close cycle by 60% while significantly improving the accuracy, integrity, and credibility of the financial data.

Successfully established multiple banking relationships and secured a credit facility which provided adequate working capital to fund growth while resolving numerous legacy issues. Elias G. Orfanos, CPA Page 2

PRO EQUINE GROUP, INC. 2009-2013

A $100 million privately-held holding company of several consumer and industrial manufacturing companies.

Corporate Controller

Directed the Controllership function across twelve business units which include the management of all aspects of general and cost accounting, cash management, US GAAP reporting, consolidations, internal controls, audits, budgeting, risk management, and policies.

Led a collaborative effort to achieve consistency in accounting and reporting throughout the company by developing and enforcing accounting/financial policies & procedures. Migrated all business units to the same payroll platform while automating the 401(k) processes.

Executed a senior secured asset based credit facility that recapitalized a recently acquired business unit and established a working capital line of credit required for normal business operation and expansion.

Coached and assisted one business to rectify audit adjustments of $0.6 million by revamping standard costs, which resulted in improved costing accuracy and inventory valuation.

Championed and implemented a conversion to a self-insured health care program, which resulted in annual cost savings of $0.3 million while significantly improved cash flow.

Facilitated the process of divesting a $40 million international industrial manufacturing entity. CROSSCOM NATIONAL, LLC 2001-2009

A $130 million leading provider of innovative solutions and lifecycle management for point-of-sale, voice and data systems for national retailers.

Corporate Controller

Directed finance function including GAAP accounting, reporting, analysis, internal controls, treasury, credit & collection, billing, payroll, risk management, audits, sales taxes, budgeting and forecasting with a staff of 14. Member of the Business Strategic Leadership team.

Spearheaded the selection and implementation of PeopleSoft ERP software coupled with a business intelligent tool. Within 4 months from the project commencement, achieved a 10-day improvement in the month-end closing process with enhanced analytics.

Designed and implemented a new business monitoring process centered around vastly improved forecasting accuracy and established KPI’s to gauge operational efficiency and effectiveness.

Participated in due diligence and lead the integration of two acquisitions of $14 million and $10 million. Implemented a standard cost system for the newly acquired repair division.

Increased cash flow by $2.4 million by reducing receivables DSO by 11 days through collaborative efforts with the sales and operational teams.

Elias G. Orfanos, CPA Page 3

WORLDTRAVEL PARTNERS 2000-2001

A $3.5 billion corporate travel management company. Divisional Controller

Directed all accounting, analysis and reporting activities for the Midwest Division with 5 direct and 24 indirect reports. Member of the Strategic Operating Committee.

Re-engineered the accounting processes within 3 months which accelerate the monthly closing cycle by 9 days and billing by 4 days. Working capital improved by $8.5 million through a redesigned and timely invoicing procedures. Awarded the most improved accounting division in 2000.

Led the division’s implementation of PeopleSoft ERP software, 2 months ahead of schedule.

Integrated a $20 million acquisition in addition to incorporating $110 million of new business without increasing headcount.

TELEHUB COMMUNICATION CORPORATION 1999-2000

A start-up, wholesale long distance communication company with proprietary software technology. Director of Finance

Responsible for SEC, financial and statutory reporting. Managed the assembly of the company’s $125 million offering memorandum and coordinated all responses to SEC comments. Handled the administration of vendor warrants, employee stock options and investor relations programs. A.B. DICK COMPANY 1996-1999

A $275 million manufacturer and worldwide distributor of printing equipment, supplies and services. Corporate Accounting Manager

ALFA LAVAL INC. 1993-1996

A $1.2 billion manufacturer and distributor of capital equipment and systems. Corporate Accounting Manager

IMC GLOBAL (Pitman-Moore Division) 1989-1992

A $850 million public-traded international manufacturer and distributor of animal health care products. Consolidation Supervisor

Treasury Analyst

Senior Internal Auditor

COOPERS & LYBRAND 1986-1989

Senior Auditor

Staff Auditor

EDUCATION

UNIVERSITY of ILLINOIS, Bachelor of Science: Accountancy AFFILIATIONS

Illinois CPA Society

American Institute of Certified Public Accountants Chartered Global Management Accountant

Financial Executives Networking Group



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