STEPHEN D. MACDONALD, CPA

**** *******, ****** ****** ****, Michigan 48230 248-***-**** acus1y@r.postjobfree.com

CFO / EVP FINANCE / CEO

Leadership / P&L / Financial Reporting / Strategic Planning / Cash Flow / Controls / IT / Investor Relations / Performance Improvement / Business Development / Profitability / Banking / M&A

Versatile operations-oriented finance and accounting professional, noted for ability to mesh operations expertise with financial acumen to build profits and increase shareholder value.

Implemented finance strategy creating $30 million in cash and profits for large physician group.

$4.5 million capital raise and M&A for pre-revenue telecom business.

Created software that changed business model for delivering workforce training.

Built two successful commercial and residential mortgage brokerage firms.

Returned Tier One automotive supplier to profitability in a down-turned economy.

$350 million turnaround plan for $2B municipality.

BA Accounting, Michigan State University, 1991. Certified Public Accountant, State of Michigan.

Professional Achievements:

Developed finance strategy that created $30 million net profit for physicians group. Implemented real estate financing transaction resulting in significant positive cash flow event to assist organization cash management and provide needed growth capital.

Completed capital raise and M&A for pre-revenue Telecom firm. Strengthened flagship customer relationship with global wireless carrier and developed a clear business plan tied to credible financial forecast model that provided the basis for communicating its vision to investors culminating in $4.5 million in capital investments.

Created new business model for delivering workforce training saving manufacturers millions.

Noted inefficiencies in automotive training development and delivery system. Created training delivery model supported by innovative software solution to reduce workforce training costs by 50%.

Built successful commercial and residential mortgage brokerage division that led to CFO position at holding company of Broker Dealer, Master Insurance Agency, and Investment Advisory firm supplying private label services to regional CPA firms.

Returned Tier One automotive supplier to profitability in a down-turned economy.

Determined $120 million 30+ year automotive capital equipment supplier was experiencing losses due to operational inefficiencies. Combined a demand for accountability with a project budgeting and performance tracking system that improved margins 200% and returned company to profitability before negotiating a sale of the company at substantial shareholder gain.

Lead turnaround team that developed plan to return $2B municipality to surplus.

Developed transformation plans for department business models and processes to significantly reduce delivery cost while improving the quality of taxpayer services.

Career Highlights:

Senior Vice President, Wayne State University Physician Group. 2012 to Dec 2015 (www.wsupgdocs.org).

$200 million non-profit multispecialty physician practice group with more than 2,000 physicians providing primary and specialty care with nearly one million patient visits annually.

Implemented real estate strategy resulting in $30 million cash and profits.

Chairman of the Business Transformation Committee established by the University Physician Group board of directors to identify opportunities for improvement in people, process, contracts, quality, and customer service that will result in a sustained growth and profitability environment.

Manage merger/acquisition process for physician practices.

Client contract design, negotiation, and management.

Financial advisor to board of directors for Maple Surgery Center, LLC, a majority owned affiliate. Areas of responsibility include financial management, physician recruitment, and investor relations.

Responsible for relationships with REITs and traditional banks, working capital lines of credit, construction loans, and equipment financing.

Turnaround management for underperforming departments.

Managing Partner / Founder, CFO Business Solutions, LLC. 2005 to 2012.

Contract CFO Services firm providing performance improvement, interim management, accounting and finance, turnaround, business development, and merger and acquisition services to the private and public sector.

Served automotive, telecom, real estate, consumer goods, technology, professional sports, and public sector municipal organizations.

Responsible for accounting department deliverables including monthly financial statements, annual tax returns, budgets, and cash management.

Developed and managed strategic plans designed to achieve specific financial goals and objectives.

Managed capital acquisition process that included the design of business plans, forecast models, and investor presentations. Negotiated capital commitments with private equity and individual investors.

Managed Internal Controls and Process audits, SOX financial risk assessments, and performance improvement recommendations.

Responsible for development of key strategic partner relationships.

Responsible for design of turnaround plan aimed at bringing $2B municipality to surplus, while improving the quality of taxpayer services.

Worked with State and Local government officials to transform government business model delivery systems.

Developed and managed distribution plan to expand retail, direct to consumer, and online sales objectives for consumer goods firm.

Created hospital, university, and research partner relationships for next generation skin care product development.

EVP Finance, Fabricating Engineers, Inc., 2001 to 2003.

$100+ Million Tier One Capital Equipment Supplier to the automotive industry.

Managed accounting, HR, and IT departments.

Worked with owner to create and implement financial turnaround plan.

Managed banking relationships and $10 million LOC.

Developed and managed employee performance incentive programs resulting in increased gross margins 200% and returned company to profitability within 12 months.

Reduced overhead while increasing department output performance.

Managed M&A process resulting in sale of the company.

Career Highlights Cont’d:

President / CEO, Archom, Inc., 1996 to 2005.

Engineering services firm providing capital equipment technical documentation, workforce training, and software development to Auto industry capital equipment suppliers and OEMs.

Responsible for business development resulting in significant industry market share and preferred training vendor status with GM.

Employee and contractor recruiting, training, and management.

Project management for GM, Ford, and Chrysler plant launch training projects in US, Canada, and Mexico.

Developed software application for OEMs and vendors to reduced cost of development and delivery of plant launch training. Negotiating software contracts with UAW and GM plants.

Responsible for all finance and accounting related initiatives including monthly financial reporting, strategic planning, HR, IT, banking relationships, and annual tax returns.

Created offshore software development resources for internal and external client software projects.

Lead delegation to foreign State government to provide software applications for government institutions including Internal Revenue, Department of Lands, and Department of Education.

CFO / Senior Vice President, NAFSC, Inc., 1994 to 1996.

Financial Services firm providing investment advisory, insurance, broker dealer, and mortgage brokerage services to regional CPA firms across the US.

Managed financial performance of Broker Dealer, Master Insurance Agency, and Investment Advisory firms.

Responsible for accounting, HR, and IT department operations.

Designed and implemented corporate restructure plan.

Monthly financial reporting, managed year end audit, and annual tax returns.

Shareholder relations and vendor base management.

Cash flow management.

Responsible for creating and managing commercial and residential mortgage division.

SEC reporting compliance.

Vice President, City Finance Corporation, 1992 to 1994.

Mortgage brokerage firm providing first and second home mortgage services.

Responsible for recruiting, training, and managing sales and operations staff.

Negotiated lending agreements with secondary market banking affiliates.

Expanded business into three SE Michigan office locations.

Developed realtor and other referral source relationships.

Responsible for Michigan Mortgage Brokerage License and audit compliance requirements.

Developed department policies and procedural manuals and employee performance benchmarking standards.

Auditor, Ernst & Young, 1991 to 1992 (www.ey.com).

Big Six Public Accounting Firm.

Auditor for manufacturing, insurance, health care, and government clients.

Established performance benchmarks by consistently completing projects under budget.

Experienced in all phases of audits including planning, interim test of controls, year-end audit, and financial reporting.

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