MICHAEL J. DOUGHER

*** ********** **** ****: 845-***-****

Tuxedo, NY 10987 acxwpk@r.postjobfree.com

CHIEF FINANCIAL OFFICER / CONTROLLER / DIRECTOR OF FINANCE / CHIEF OPERATING OFFICER

Strategic and tactical financial management roles in diverse environments with responsibilities for the day-to-day financial operations and Information Technology for companies with revenues from $22M to over $5B as well as providing key financial advice to senior leadership and operating management. Successful at optimizing both revenues and profits with a business style always focused on improving efficiency and reducing costs. Additional management expertise in banking and insurance relationships and broad exposure with ERP and Accounting Software. Industry exposure in manufacturing, distribution, consumer products, and service sectors in widely diverse operations nationwide and worldwide.

CORE COMPETENCIES: P&L Responsibilities, Cost Analysis/Control, Project Management, Software Solutions, Mentor,

Coaching/Training, Software Implementation, IT Integration, Strategic Planning/Analysis, Material Planning, Financial, Reporting, HR Oversight, Quality Control, Financial Statement Preparation, Financial Modeling, Software Evaluation, Contract Negotiation, Mergers & Acquisitions, Systems Integration, Inventory Control, Internal Accounting Functions, Procurement, Negotiation, Banking Relationships, Cash Management, Cash Flow Modeling, Due Diligence, Budgeting/Forecasting, Restructuring, Debt Management. Oversight of: Human Resources, Facilities, Capital Expenditures, Business Planning, FDA Compliance, GMP, SAP, MS Dynamics (Solomon IV), QAD ERP Software, QuickBooks (PC Based & On-line), Excel, Access, SAGE, PFW (Platinum for Windows)

PROFESSIONAL EXPERIENCE

JVKELLY GROUP, Inc. Huntington, NY 1/01/2016-Present

JVKellyGroup, Inc. are consultants that provide cost reduction and risk mitigation solutions to help companies ensure their spending is effectively analyzed, sourced, managed, and monitored.

CFO/Consultant – Financial oversight of corporate financials as well as related subsidiaries. Worked on cost reduction for several clients by focusing on credit card processing through auditing statements. Further, worked with clients to help squeeze efficiencies through proper utilization of ERP software.

INTERWIRE GROUP, Armonk, NY 04/23/13 to 09/22/15

A $100M Distributor of springs & wire products with 8 divisions across the US and also Mexico and Costa Rica.

Corporate Controller - Senior Financial Professional (6 Direct Reports)

Responsible for all financial aspects of numerous corporate entities including operating company, real estate holding companies, partnerships, investments, family owed real estate, and trusts. Dealt with compliance and regulatory issues in Mexico and the various states, international transactions, currency exchange, international & domestic tax issues, and pension management.

Key Achievements

Supplanted outside CPA bringing financial report preparation in-house by realigning the SAP ERP system to provide reliable accounting saving $85,000 annually.

Developed a system of financial reporting that consolidated information out of software from 9 separate companies with 2,500+ G/L accounts using SAP functionality and Excel tools reducing closing time by 2-3 days.

Initiated, set-up, and migrated several related companies to QuickBooks On-line.

Worked closely with Consultant/Broker and prospective purchasers during an attempt to market main operating company creating financial models including a rolling EBITDA model and Pro Forma Financial Statements.

Created interactive Break-even analysis tool by Division/Company as well as an interactive Financial Model for an expansion into Central America.

Brought profit sharing plan into compliance with all applicable laws and regulations.

After over 6 months prior to my joining the company several in-house professionals attempted to discover the reasons behind a discrepancy in which a vendor appeared to owe Interwire $500,000. The vendor, a company in the UK, insisted that they issued the proper credits, but after a thorough review I found they were wrong. They then employed a UK public account firm to verify the accounting of the transactions and the firm did agree with the vendor’s position. Thereafter I found the vendors mistake and showed conclusively the funds were due Interwire, thereby settling the matter in our favor and avoiding a protracted and expensive international litigation.

TAPPAN WIRE & CABLE, INC. (Acquired by Southwire and location closed in 2013), Blauvelt, NY 01/2008 to 04/2013

A $65M Manufacturer of low voltage jacketed wire cable, part of a $5B diversified global cable manufacturer

Controller / Senior Financial Executive (9 Direct Reports, Total 15)

Hired after acquisition of this privately held manufacturer by a publicly traded equity firm to develop internal accounting and finance function, which had been outsourced, to put in place internal controls, and to implement a software solution for financial management, purchasing cost accounting, and inventory management. Worked closely with senior management, IT, Operations, and both internal & outside Accounting Personnel to identify & quantify the needs, capabilities, and expectations for new system. Engaged software vendors and evaluated solutions for fitness to our needs.

Key Achievements

Increased cash flow by 25% by working with our investment bankers to develop and model a cash flow projection that addressed receivables, payables, sales orders, purchase orders and lead times.

Reduced outside CPA firms usage saving over $24K per year and after evaluating and implementing the financial module of an ERP system, reduced time for monthly financial reporting form 21 days to 4 days.

Instituted continuous improvement of dataflow, reporting structure and financial statement preparation by working with and integrating feedback from the various contributing staff, stakeholders and other consumers.

Reduced use of landfill by 60% through reduced paper usage including re-engineering of the Purchase Order, receiving and A/P process.

Developed the business plan to implement and integrate the corporate SAP system at Tappan.

PETER THOMAS ROTH LABS, LLC & JUNE JACOBS LABS, LLC (Common ownership) New York, NY 2003-2007

A consumer products manufacturer of skin care products with revenues exceeding $50M

Senior Financial Executive / Controller / General Manager (6 Direct Reports)

Developed & implemented a budgeting and forecasting system that dovetailed with cash flow projection worksheets. Worked with investors and banks to restructure debt and ensure steady cash flow. Analyzed computer software systems, recognized deficiencies and the need for upgrade, procured the software, and followed through on installation.

Key Achievements

Negotiated factoring arrangements for receivables to maintain adequate cash flow for inventory that translated into sales on the QVC network that increased revenues for the company by $4M in the first year.

Reduced interest rates on outstanding loans from 25% to 11% by evaluating new lending relationships and securing new loan agreements.

Spearheaded the ultimate increase in product output by 40% through intervention with the FDA to streamline the permitting process that resulted in a major upgrade of the batching processes.

Assumed Senior Management responsibilities at June Jacobs Labs, LLC after the departure of Key Managers of this manufacturing company. Worked with consultants to develop FDA compliant SOP‘s/GMP‘s for OTC cosmetics production. Brought company from paper accounting/order processing/inventory/production management, up to a computerized enterprise-wide solution.

EXPAC CORPORATION, Montvale, NJ A manufacturer/distributor of packaging with revenues of $22M 1995-2003

Controller

Responsible for the management of the accounting, finance, and information systems. Upon coming aboard identified major procedural and software utilization problems in accounting department that had left the company without reliable

financial reporting. Thereafter developed and implemented a database restart for the accounting department including the realignment of the G/L.

Key Achievements

Reduced spiraling healthcare costs by 53% that also included additional benefits by transitioning employees to an employee leasing company that made them a part of a much larger pool of insurance.

EDUCATION

PACE UNIVERSITY Master of Business Administration (MBA): Accounting/CPA Prep, New York, NY

RAMAPO COLLEGE OF NEW JERSEY Bachelor of Science (BS): Political Science, Mahwah, NJ

Volunteer: EMT / Lieutenant Monroe Ambulance Corp.

Interests: Running, Hiking

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