Manager Financial

FRANK V. FAVIA, CPA

Pearl River, NY ***** C: 845-***-**** ***********@*****.*** www.linkedin.com/in/frank-favia

SENIOR FINANCIAL EXECUTIVE

Tireless Business Executive offering more than 25 years’ financial and operations expertise. Change Agent who cares about people, success, delivering results and has a never-ending desire to succeed personally and professionally. Principled Leader who develops strong bonds of trust, leads with traditional values, and thrives on achievement. Excellent Listener appreciated across all levels for providing guidance and explaining how the smallest details fit into the big picture. Forward-Thinking Professional who remains ahead of the curve on technology, eagerly embraces change, and is not afraid to question the status quo. Successful Entrepreneur with an unbeatable work ethic who does whatever is necessary to succeed and empower others to succeed.

“Frank gets things done.” – Former COO

LEADERSHIP ATTRIBUTES

Trustworthy – Transparent – Facilitative – Entrepreneurial – Structured – Grounded – Effective Decision Maker

CORE COMPETENCIES

Team Leadership / Financial and International Reporting / Operations Oversight / Taxes / Auditing / Treasury / Risk Management

Business Tools and Applications / HR Management / Plan Administration / Private Equity / Logistics / Lease Negotiations

Financing Agreements / Global Financial Markets / Information Systems / Margin Improvements / Portfolio Analysis

PROFESSIONAL EXPERIENCE

US Concrete, Inc., Atlantic Region, Saddle Brook, NJ 03-2018 to Present

Manufacturer and Distributor of Concrete and Aggregates

Consultant -- Project Manager – Integrations

Responsible for developing a complete documented Work Program to ensure all financial matters relating to acquisitions are planned, coordinated and executed before and immediately after close dates.

Developed automated data upload model and templates for Vendors, Invoicing, Inventory, and Pricing to reduce transition time for transition after close.

Established workflow program for onboarding new locations with complete treasury functionality; bank accounts, lockboxes, remote deposits, credit card processing

CS Technology, Inc., New York, NY 2013 to 12-2017

Global IT Consulting Firm: $35M in annual revenues, 125 employees.

Chief Financial Officer

CFO for consolidated entity while also functioning as CFO for PE-funded spin-off. Supported by 7 direct reports and 15 total reports.

Team lead for development, implementation and execution of Transition Services program.

Accountable for finance, administration and third-party relationships, (accounting, auditing, taxes, treasury, financial and international reporting, legal, recruiting, HR, IT, business tools and applications).

Plan Administrator for 401(K) investment portfolio management, plan compliance and design.

Business lead for Managed Services prior to spin-off, and private equity investments as CFO.

Key member of the firm’s Executive Operating Committee and key participant in developing the Services Logistics platform.

Oversee reporting and auditing for US, UK, Australia and Asia.

Key Initiatives and Accomplishments

Executive team member contributing to successfully raising $25M in private equity for spin-off.

Successfully negotiated a new bank financing agreement with a 20% increase in availability.

Restructured 401(K) plan design and reduced plan expenses 60%.

Managed relocation, lease negotiation and construction financing of World Headquarters and reduced rent more than 30%.

Jointly created and implemented the firm’s reorganization emphasizing client intimacy – saved more than $2M annually.

Directed due diligence for software company acquisition Treasurer and Secretary – reduced staff 70% and costs $500K.

Developed Managed Services Agreements, Statements of Work, NDAs and Subcontractor Agreements and reduced

legal costs 60%.

Cambridge Security Services Corp., Newark, NJ 2009 to 2013

Security Services Firm: $30M annual sales, 800 employees.

Chief Financial Officer

Sole responsibility for all the company’s financials and third-party relationships.

Created and successfully implemented complete financial reporting structures by company, location and division.

Executed controls and procedures (expense report preparation and review, commissions, cash flow reporting and forecasting, A/R collections, vendor procurement and payment, sales tax reporting and processing).

Developed and executed financial models for Client/Project/Engagement profitability applying full costing model.

Directed and facilitated preparation and submission of Federal GSA schedule application.

Cambridge Security Services Corp continued …

Key Initiatives and Accomplishments

Increased available borrowing base 100% twice and reduced audit fees 50% improving timeliness and accuracy of financial reporting and controls.

Managed and expedited relocations of Corporate Headquarters and Command Centers in NY and NJ.

Directed financial accounting and tax preparation for ten additional affiliates.

Goldstein, Karlewicz and Goldstein, Chestnut Ridge, NY 2008 to 2009

Regional Accounting Firm.

Consultant

Prepared personal and corporate tax returns.

Consulted on projects for clients that required financial, accounting and operational assistance.

Signature Accessories, Inc., Pearl River, NY 1999 to 2009

Manufacturer of badges, insignia and distributor of law enforcement equipment.

President/Owner

Managed every aspect of running a successful family-owned manufacturing business including managing client relationships and attracting major customers.

Developed costing and pricing for government contract bids.

Key Initiatives and Accomplishments

Developed a Business Plan that resulted in several additional financing arrangements.

Effectively developed an ever-expanding nationwide dealer network.

Successfully sold the business in 2009.

EARLIER PROFESSIONAL EXPERIENCE

RAS Group, Inc., Great Neck, NY 2001 to 2004

National Receivables Acquisition and Recovery Firm.

Chief Financial Officer

Cosco Industries, Inc., Spring Valley, NY 1993 to 1999

Products manufacturer, distributor and importer: $110M in annual sales, 600 employees.

Chief Financial Officer and Business Unit Vice President

Coopers & Lybrand (Pricewaterhouse Coopers), Stamford, CT 1981 to 1993

Certified Public Accounting Firm

Senior Audit Manager, M&A Practice Manager

ADDITIONAL KEY ACCOMPLISHMENTS

Shifted telecommunications services to new platforms – saved approximately 25% in costs. 2017-2018

Negotiated a new Bank Financing agreement – increased borrowing availability 20%. 2016

Implemented Microsoft Dynamics Platform replacing older systems/non-SaaS applications – expected savings $750K. 2018

Reorganized finance function, new systems integration and automation - expected savings of an additional $160K. 2018

Outsourced the IT helpdesk function – expected savings of $200K. 2018

Closed five offices and shifted WFH program – saved approximately $115K annually. 2016

Led turnaround of business unit to profitability after six consecutive years of losses leading to a profitable divestiture of business unit not aligned with core operations of consolidated entity. 1999

EDUCATION

Pace University, Pleasantville, NY - Bachelor of Business Administration – Public Accounting

Certified Public Accountant

COMPUTER PROFICIENCIES

Microsoft Office Suite Great Plains SalesForce Oracle ChangePoint Microsoft Dynamics Turbo Tax QuickBooks Adobe

CIVIC CONTRIBUTIONS

St. Mary’s Episcopal Church, Tuxedo Park, NY Treasurer / Vestry Member / Former Senior Warden

Supporter of The American Foundation for Suicide Prevention

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