Manager Sales

MICHAEL CORRIGAN

Home: ***- ***-****

**

Brittania Drive

Cell: 203-***-**** Danbury, CT 06811

Email: ******@*****.***

CFO / DIRECTOR / CONTROLLER

Detail-oriented Executive with years of experience in corporate finance and

managerial accounting. Track history of providing financial management for

companies with multiple domestic/international locations. Sound financial

decision-maker who develops business by strengthening financial

position/operational efficiency to maximize competitive edge. Expertise in

reducing costs, negotiating contracts/financial agreements/strategic vendor

alliances, and improving overall financial performance. Outstanding

analytical problem-solver with proven abilities in training/mentoring

personnel. Experienced with Visual, MAS 90, Great Plains, and QuickBooks.

Core Competencies include:

. Financial Reporting/Financial Analysis ? Forecasting

and Budget Preparation

. Operations Management/Business Start-Up ? General & Cost

Accounting/Expense Control

. HR & Benefit Administration/Risk Management ? Process

Improvement

SELECTED ACCOMPLISHMENTS

. Led management effort that resulted in lowering company break even to

$26M from $55M. Guided company through period of slow cash flow by

negotiating with vendors, prioritizing expenditures, reducing

inventories, and improved borrowing limits under asset based financing

agreement. Played key role obtaining additional working capital loan and

loan guarantees; constructed business plans, projections, and cash flow

analysis to obtain loans and prospect for new investors. (Thermospas

Inc.)

. Improved collections by approximately 10 days and reduced 90+ day delays

in A/R from 20% to 4%, and cut inventory by 23%. Boosted productivity

16% by reorganizing route business and tracking employee billable time.

Established telemarketing program that increased sales volume in

emergency lighting department by 40%. Maintained overhead cost increases

to less than 2% over three consecutive years, despite increase in most

expense categories. (Lighting Services Inc.)

. Led start-up to profitability in first year. Expanded business and sold

at an excellent ROI; created a business value of $550K. (Campus Shop

Cleaners)

PROFESSIONAL EXPERIENCE

THERMOSPAS HOT TUB PRODUCTS, INC, Wallingford CT

2007 - 12/2013

($50MM Manufacturer and Retailer of Spas. Subsidiary of Jacuzzi Brands

Group)

Director of Finance

Supervise functions of finance, HR, and administration. Original employer

Thermospas, Inc. was purchased in May 2012 and is now part of the Jacuzzi

Brands group of companies.

. Worked closely with investment bankers providing data and analysis to

prospective buyers.

. Adapted systems to accommodate reporting requirements of new ownership

(financial reports, KPI's, forecasts, etc.). Currently working with

corporate teams to convert existing systems to parent company software

platform.

. Key contributor in lowering break even to $26M from $55M in response to

economic slowdown, prior to acquisition. Successfully worked through

poor cash flow period by working with vendors, prioritizing payments,

decreasing inventory investment and adjusting staffing.

LIGHTING SERVICES, INC. Waterbury CT

($5M Commercial Electrical/Lighting Company)

2000 - 2006

Vice President & General Manager

Supervised/performed duties of controller, administrative/HR, and

operations manager. Initiated new marketing programs with VP of

Sales/President. Instituted financial reporting package.

. Improved collections by approximately 10 days and reduced 90+ day delays

in A/R from 20% to 4%. Boosted productivity 16% by reorganizing route

business and tracking employee billable time. Saved approximately $125K

per year by streamlining human capital.

Vice President & General Manager (continued)

. Cut overall inventory by 23% and established telemarketing program that

increased sales volume in emergency lighting department by 40%.

Maintained overhead cost increases to less than 2% over three consecutive

years, despite increase in most overhead expense categories.

. Restructured employee benefits programs that reduced premiums 14% and

eliminated increase; upgraded 401(k) plan; and established bidding on

business insurance.

KREG CORPORATION, Wilton CT

$5M Healthcare Software Company

1998 - 2000

Controller

Managed financial, treasury, and administrative functions.

. Sourced a refinancing entity when company outgrew local bank.

. Initiated monthly P&L reporting, and improved product line analysis.

. Installed Great Plains accounting software.

. Upgraded medical plan while lowering premiums.

RELATED WORK EXPERIENCE

DELOITTE & TOUCHE LLP, Stamford CT

Financial Advisory Firm

Business Consultant - Performed accounting functions and account

reconciliation tasks; trained employees.

EQ FINANCIAL CONSULTANTS, Danbury CT

Financial Planning Firm

Financial Planning Advisor - Prepared plans for small businesses and

individuals. Sold/upgraded insurance and investment portfolios.

CAMPUS SHOPS CLEANERS, Wilton CT

Service Company, Dry Cleaning and Tailoring

CFO & Principal - Secured P&Z approvals, financing, and prepared business

plans. Developed/executed sales strategies, promotions and brand image.

Managed daily operations, planning, staffing, and administrative duties.

KEENE CORPORATION, Norwalk CT

Manufacturer of RF Shielded Chambers

Controller - Managed accounting department of $36M division of company.

Prepared/administered annual budgets. Fulfilled corporate reporting

requirements. Managed 10 direct reports.

DURACELL INTERNATIONAL, Bethel CT

Battery Manufacturer

Cost Analyst - Performed cost accounting duties for an $85M segment of

company. Ensured costing methods of plants in Mexico, Brazil, Japan, and

Australia were consistent with U.S. operations.

TLB PLASTICS, Brewster NY

Plastics manufacturer serving packaging, cosmetics, & pharmaceutical

industries; $36M in sales

Manager of Budgets & Financial Analysis - Coordinated and compiled annual

budget and interim forecasts. Analyzed and presented monthly financial

results. Assessed cost accounting systems of acquisition and completed

purchase accounting.

EDUCATION

MS, Finance - Western Connecticut State University

BS,

Accounting - Villanova University

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