JAMES T. CONKLIN

Long Beach, NY 516-***-**** acs1oj@r.postjobfree.com

CFO / VP FINANCE

Financial Planning / Analysis / Reporting / Accounting / Budgeting / Forecasting / M&A

Asset & Liability Management / Bank Relations / Cash Management / Consolidations

Contract Negotiation / Purchasing / Benefits / Insurance / HR / IS Support

As a multi-faceted financial executive and operational / administrative leader, provided drive and skill critical to rapid expansion, effective turn around, and ongoing success for both large and small organizations struggling with tough economic and competitive conditions. Strengthened working capital management, cash flow and liquidity.

Mastered state-of-the-art automated data management. Applied enterprise software for unified solutions to financial management challenges, more effectively share information, and improve efficiencies. Skilled in deep strategic financial thinking for M&A and financing transactions, and managing stakeholder relationships. Skilled in:

Positioning companies for financial success despite volatile financial environments

Ensuring accuracy and timeliness of financial reporting

Strengthening working capital management

BS in Finance and Accounting, Saint John’s University. Graduate work in Tax Accounting, Saint John’s University.

Selected Achievements

Ended chronic losses, positioning company for lucrative sale. Modern Medical Systems ability to attract acquisition offers had been limited by ongoing losses. Reworked RFP process, improving long term pricing. Renegotiated terms with vendors. Reduced overall costs 12%. Turned loss to profits. Facilitated sale of company.

Corrected cost reporting errors, restoring accuracy to financial reports. Darby Group’s financial reports suffered from unreconciled $1M+ annual cost difference. Broke out all cost components and interfaces impacting general ledger. Identified problems including incorrect pricing, omission of some costs, and costs being transferred based on current costs instead of first-in-first-out (FIFO) method. Assured timely and accurate operational income statements and financials.

Stabilized cash management and helped a money-losing company restore profitability. Rationalized product base. Consolidated warehousing, saving $850K annually. Divested $8M in distressed inventory. Outsourced production. Refocused organization on higher margin products and higher volume customers. Reduced fixed and variable overhead 20%. Restored positive cash flow and made money losing organization cost competitive again.

Streamlined and strengthened Finance Department. Upgraded Regent Sheffield Finance Department. Outlined needed changes and established realizable objectives. Set up interfaces from auxiliary subsystems directly to general ledger. Ensured report completion within five days of month end instead of previous 30 day lag while reducing head count by two.

Career Summary

CFO, Modern Medical Systems, 2011 to 2015. Directed entire spectrum of corporate financial management, including financial reporting; planning and forecasting; cash management; purchasing; audits; tax reporting; and policy and procedures for this $45M medical equipment asset utilization and management company. Worked closely with Sales and Marketing teams to build profitability. Managed HR function. Headed team of 20.

CFO / VP / Corporate Secretary, Darby Group Companies, 2001 to 2011. Led M&A. Oversaw merger of three companies. Planned and managed $70M operating budget. Negotiated $20M line of credit. Directed cash management, audits, reporting, sales tax processing, credit and collections, and 401(k) administration for this $600M group of medical, dental and veterinary supply manufacturing and wholesaling subsidiaries. Implemented JD Edwards software package for general ledger, A/R, A/P, inventory and management reporting.

VP Finance and Administration, US Electronics, 1997 to 2001. Planned and managed financial, budgeting, administrative and MIS operations of this $75M electronic products manufacturer and distributor supplying OEM and cable industry customers. Held broad range of responsibility for Finance, IT and HR. Headed team of 25.

VP Finance and Operations, Regent Sheffield, 1996 to 1997. Headed corporate finance and reporting, as well as HR, MIS, Sales Order Entry, Marketing, Customer Service and Operations for this $45M manufacturer and distributer of cutlery, flatware and household utensils. Led group of 35.

Prior: Controller for Regent Sheffield. CFO / GM with IDP Computer Services. Controller at Control Data.