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Director of Finance

Location:
Norwalk, Connecticut, United States
Salary:
125000
Posted:
October 17, 2016

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JOSEPH B. LOFOCO, MBA Director of Finance

203-***-**** acw3ep@r.postjobfree.com 515 West Avenue PH03 Norwalk, CT 06850

Detail and results-oriented executive with extensive accounting and financial management experience including taxation, operational management and internal and external audit procedures. Analytical professional skilled at successfully developing long-term financial plans, implementing process improvements, and developing effective audit procedures to ensure the achievement of corporate goals. Collaborative communicator focused on building relationships and promoting cooperation across business lines and global units to drive positive change and comprehensive financial approaches for enhanced profitability. Areas of Expertise include:

Generally Accepted Accounting Principles

General Ledger Structure

Statutory Accounting

Financial Reporting

Internal Audit Procedures

Forensic Accounting Skills

Policies & Procedures

External Audit Procedures

Internal Controls

Strategic Budgeting & Forecasting

Financial Analysis

Revenue & Profit Growth

Process Improvements

Problem & Conflict Resolution

Property Accounting

Cash Flow Management

Operations Management

Tax Preparation

EXPERIENCE & NOTABLE CONTRIBUTIONS

WP Capital LLC Norwalk, CT June 2016 – September 2016

Private Equity Company in Commercial Real-Estate & Property Management $250 Million in annual revenues

INTERM CHIEF FINANCIAL OFFICER/CHIEF OPERATIONS OFFICER/CONTROLLER

Formulates strategic operational efficiency in collaboration with long-term financial planning to keep the managing partner and board of directors well informed.

Directs all financial activities including accounting functions, outsourcing activities, internal employee activities, general ledger entries and maintenance, accounts payable, accounts receivable and banking relationships.

Manages and forecasts cash flow ensuring the prompt payment of vendors and implementing collection actions for accounts over 90 days past due

Partner with outside information technology contractor to maintain infrastructure and plan future modifications

Proctored business plan and start-up funding

Develop future growth projections for investor portfolio

Leads client initiatives to improve financial operations, identifying accounting problems and proposing solutions

Develops audit procedures and conducts internal audits to identify and resolve any reconciling discrepancies

Plans and implements strategic budgeting and accounting procedures and overall operational efficiency

KEY ACCOMPLISHMENTS:

Implementing new accounting and management outsourcing program that improve the processes and efficiency of the finance and accounting department

Saved investors and board of directs (high net worth individual) thousands in tax liability through the expert completion and review of income tax filings and related investment vehicles

Develop and support of US GAAP and IFRS Accounting responsibilities that span multiple operating subsidiaries and special accounting projects. Recommendation and implementation of accounting policy in conjunction with regulatory requirements including the disposition of various rate deferrals, amortization, etc.

Planned and forecasted short- and long-range goals, objectives, policies, and operating procedures, designing and building the organizational structure and staff to effectively accomplish goals

Develop and Implement new policies and procedures for internal and external management functions

Joseph B. Lofoco, MBA Resume, Page 2

Affineco Companies New York, NY 2013 – 2016

Private Equity Company in Property Management & Maintenance $167 Million in annual revenues

DIRECTOR OF FINANCE/CORPORATE CONTROLLER

Formulates strategic long-term financial plans in collaboration with CFO and Founders managing a team of eight direct reports and thirty external managers to achieve corporate goals for a multi-level corporation with seven subsidiary companies

Directs all financial activities including all accounting functions including processing weekly payroll for 2800+ employees, general ledger entries, accounts payable, accounts receivable, and controls inventory levels

Manages and forecasts cash flow ensuring the prompt payment of vendors and implementing collection actions for accounts over 90 days past due

Collaborates with department managers to identify opportunities to improve sales, reduce costs, and implement process improvements utilizing a proactive approach to reviewing accounting and finance procedures and workflows

Partners with outside information technology contractor to maintain infrastructure and plan future modifications

Proctored two acquisitions, a merger and two new startups

Leads client initiatives to improve financial operations, identifying accounting problems and proposing solutions

Develops audit procedures and conducts internal audits to identify and resolve any reconciling discrepancies

Plans and implements strategic budgeting and accounting procedures

KEY ACCOMPLISHMENTS:

Saved $30K by implementing new accounting and management software that improve the processes and efficiency of the finance department

Saved high net worth individual clients thousands in tax liability through the expert completion and review of income tax filings and related investment vehicles

Nominated to 401(k) Committee to participate in quarterly review of plan investments, lead employee education meetings, ensure fiduciary obligation, assign optimal third party administrators, and comply with regulations

Improved efficiency, increased revenues, and reduced man-hours, building a productive network of over two hundred institutional clients, representing relationships with independent investment equity research providers with sales ranging from $5 million to $20 million

Support of US GAAP and IFRS Accounting responsibilities that span multiple operating subsidiaries and special accounting projects. Recommendation and implementation of accounting policy in conjunction with regulatory requirements including the disposition of various rate deferrals, amortization, etc.

Planned and forecasted short- and long-range goals, objectives, policies, and operating procedures, designing and building the organizational structure and staff to effectively accomplish goals.

Management Resources-Temporary Contract Positions 2005 – 2016

Provider of finance and business guidance to individuals and businesses

Executive Consultant

WP Capital – Business Consultant

HEI Hotels – Manager FP&A

Reynolds & Rowella CPA Firm- Senior Tax Accountant

First Command Financial Services – Financial Analysis

Walgreens – Business Analysis

Bucci Law Offices Group - Corporate Controller – Tax Manager

Provided managerial resources to companies on a temporary contact basis

Manage overall operations of the state finance department, including accounting, facilities management and human resources.

Created quarterly budget and expense reports, managed chart of accounts, and coordinated company’s monthly income and expense calculations on profit and loss analysis

Identified and analyzed accounting problems to develop and implement financial solutions and audit procedures

Supervise Administrative and Accounting staff and processes including accounts payable, accounts receivable, billing and general ledger maintenance.

Analyzed financial statements, general journals and supporting documentation to ensure the financial information reported was accurately reflected on returns and in compliance with state law and local ordinances.

Analyzed Property and Casualty Insurance Regulations and Underwriting Policy and Procedures for large commercial insurance companies.

DIRECTOR OF FINANCE / CORPORATE CONTROLLER

Joseph B. Lofoco, MBA Resume, Page 3

Manage overall operations of the state finance department, including accounting, facilities management and human resources.

Created quarterly budget and expense reports, managed chart of accounts, and coordinated company’s monthly income and expense calculations on profit and loss analysis

Identified and analyzed accounting problems to develop and implement financial solutions and audit procedures

Supervise Administrative and Accounting staff and processes including accounts payable, accounts receivable, billing and general ledger maintenance.

Analyzed financial statements, general journals and supporting documentation to ensure the financial information reported was accurately reflected on returns and in compliance with state law and local ordinances.

KEY ACCOMPLISHMENTS:

Increased the efficiency of financial reporting system for transition from SL to SAP software upgrades to integrate critical enterprise systems, customized financial reports, and redesigned general ledger

Reduced invoice processing time and assured timely processing of accounts payable and accounts receivable by creating a billing spreadsheet

Create central hub processing system to increase efficiency of operations

Implement and oversee new system migration and software updates

Developed a new internal finance team and implemented policies and procedures to manage the department’s assets and liabilities

Performed operational efficiency review, reduced operating expenses by 32%, including the reduction of bank maintenance and transaction fees 75% by utilizing banking relationship and changing financial institutions.

Self-generated approximately 50% of caseload as a result of identifying additional issues leading to the expansion of audits to include subsequent years and/or related returns such as examination of vendors and discovery of non- filers

ADDITIONAL ACCOMPLISHMENTS

PALM BEACH COUNTY SHERIFF’S OFFICE, Financial Crimes Investigator, Palm Beach, FL, 1998 – 2013

UNITED STATES ARMY/US ARMY RESERVES, Captain, 1994 – 2014

SKILLS

Windows, Microsoft Office, MS Dynamics SL, V-lookups, Pivot Tables, MySQL, Macros, QuickBooks, Peachtree, Reynolds & Reynolds, ADP Workforce, Sage, PeopleSoft, ProSeries FX, Oracle, SAP, Yardi, AppFolio, BI360, Cost-Benefit Analysis, Variance Analysis, Cost Inventory Accounting, Budgeting and Accruals, Financial Reporting, Case-ware, LexisNexis, Westlaw.

EDUCATION & TRAINING

Master of Business Administration and Management/Public Administration

STRAYER UNIVERSITY Herndon, VA

Bachelor of Science in Business Administration and Management/Psychology

STRAYER UNIVERSITY Herndon, VA

Associate of Science in Para-Legal Studies

FLORIDA TECHNICAL COLLEGE Orlando, FL

CPA License Candidate, State of Connecticut, Anticipated Completion 2017

DBA Candidate, Keiser University, Anticipated Completion 2020



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