GREGORY SPREEMAN, MBA

ad049x@r.postjobfree.com ● 917-***-**** ● Vermontville, NY 12989

PROFESSIONAL SUMMARY

Forward thinking Finance Executive experienced in developing and managing day-to-day finance, monthly, quarterly and annual financial reporting. Experience includes both GASB and FASB. Managed budgets with revenues in excess of $3BN in Manufacturing, Retail, Service-Based, and Tech sectors. GASB and FASB reporting for entities located in New York, New Jersey, Washington DC, Louisiana, Texas and Nevada. Finance skills and experience are reinforced by the ability to present the big picture to senior management while working with accounting staffs to ensure the accuracy of the details.

EXPERIENCE

Senior Director of Accounting and Finance

Biscuits & Bath Companies, New York, NY 2021 - 2022

Short-term assignment to manage the accounting and finance department during the current Controller’s leave of absence. I had been Controller of the company 9-years earlier so there was virtually no learning curve.

Daily reporting of revenue and expenses, KPI, payroll margins, capacity and utilization and accounts payable

Worked with the CEO, District Managers and General Managers to develop the 2024 Operating and Payroll Budgets

Quarterly and annual financial reporting to State and Federal agencies

Reduced processing time for payroll by 30%

Chief Financial Officer 1/2020-7/2020

PlanITROI, Denville, NJ

Locations throughout the US and abroad selling refurbished computers and technology to those who cannot afford state of the art technology. I worked with the company as the former CFO transitioned to President and, all finance and accounting functions were transitioned to South America.

Managed all aspects of budgeting and forecasting as well as financial performance and variance analysis

Work with bank auditors and outside auditing firm on quarterly and annual audits

Analyzed sales on a category level to determine target gross margins and, project sales on a rolling 30-day basis in order to assess inventory levels with regards to consumer demands

Provided Senior Management with financial results, Y/Y, Q/Q, M/M in order to ensure sales goals would maximize bottom line profitability while maintaining adequate inventory levels

Provided forecasted profitability and daily reporting on forecasted cash balances

Acted as lead to banking relationship for day-to-day needs, borrowing base and loan compliance

Chief Financial Officer 10/2015-11/2019

Democracy Prep Public Schools, New York, NY

A network of 23 public charter schools with 1,100 staff; 5,700 students, operating in NYC, NJ, District of Columbia, Louisiana, Nevada, and Texas. The parent company functions as a service-based business allowing schools to do simply educate scholars as opposed to having to run the business of schools.

Managed all aspects of accounting and finance; 6 direct reports and 10 indirect reports

Financial reporting both for GASB and FASB depending on the State and their reporting requirements

Developed annual budgets tracked budget vs actual and reported to Boards and key stakeholders

Worked with outside auditors on annual audits and filings

Structured financing for the build out of two new floors for NYC schools

Transitioned the accounting department from QuickBooks to Intacct

Restructured workflows to allow for growth without adding personnel

Worked with landlord in Congress Heights, DC to build an additional facility to accommodate 200 additional students and opened two new schools in Las Vegas, NV and San Antonio, TX

Controller (5 US Regions) 5/2012-7/2015

Sims Metal Management, Jersey City, NJ

The largest publicly traded recycler of metals in the world totaling $3BN+ in annual revenues and $2BN+ assets.

Responsibilities included financial control, management of GAAP, SOX and SEC compliance of 5 regions including New England, Mid-Atlantic, Southeast, New York City Recycling, and the Stainless-Steel division.

Redesigned Lower of Cost or Market, Overhead, Inventory Re-class, Intercompany Sales, and Cost Allocation routines to ensure accuracy and reduce processing time resulting in a reduced close time and elimination of errors that had previously resulted in findings of Significant Deficiencies

Reduced auditing deficiencies from 34 - 1 within 12 months of hire

Analyzed AP and redesigned processes to ensure that accruals were accurate and timely. Reduced processing time resulted in a 30% reduction of accrued invoices

Cross-trained staff to stay ahead monthly workflows and to expedite the close routines at the end of the accounting periods and trained all staff on new processes

Created new P&L and BS processes to accurately state movements in accordance with SOX

Controller

Biscuits & Bath Companies, New York, NY 2007 - 2012

Service-based locations with 9 brick and mortar locations in New York City operating at break-even. I transitioned the organization to a highly profitable position in 2 years.

Established annual operating budgets for each location, affording management insight into operational successes and deficiencies

Closed two unprofitable locations and opened six additional locations, profitable within first year or operation

Streamlined the monthly and annual close routines; reduced close time and staffing costs by 75%

Created detailed P&L, Balance Sheet, and Cash Flow analyses to track historical performance

Presented weekly reports to location and senior management to analyze the performance of each revenue line, individual sales, organic and total growth and projected revenues

Directed the transition from the Pachex to ADP including biometric scanners, HRB, Payroll, Reporting, eTime

Decreased time to develop and submit government and agency filings including Prompt Tax payments,

ST-809, ST-810, NYS-45, Unemployment Insurance disputes, disability, and worker’s compensation reports

Chief Financial Officer

Richard Schultz Design, Inc. New York, NY; Palm, PA 2005 - 2007

High-end furniture design and manufacturing company sold in retail locations for Knoll. Implemented sourcing material from China. I decreased manufacturing costs and increased gross revenues 65%. Losses were replaced by an EBITDA in excess of 12%.

Increased gross margins and profitability which resulted in a successful sale of the organization

Managed the Finance & Accounting department as well as external tax professionals

Reconfigured the timing of inventory cycle counts and worked with the GM to reconcile differences

Implemented cost accounting systems and directed the IT staff on modification of the MRP software

Prepared and analyzed the business plan, projected Profit & Loss, Balance Sheet, Statement of Cash Flows statements, leverage and debt coverage ratios, short-term and long-term capital needs

Directed the successful change over from previous accounting system to Macola software

Chief Financial Officer 1991 - 2005

Innovative Information Techniques, Inc. New York, NY

Company provides professional services ranging from helping clients raise debt/equity to working with c-level personnel to increase profitability.

Worked with the CEO to maintain the legacy business while creating a new division dedicated to working with initial public offerings

Created the company’s business plan and running 5-year projection report

Modified existing products/services to increase sell-through and margin of profitability

Assisted investment banks and their client companies on 42 IPOs in excess of $2BN raised. Clients that went to the investor market included but were not limited to: AAA Entertainment, ACTV, Ascent Pediatrics, American Radio Systems, Beasley Broadcast Group, BusinessDevelopment.com, C-Bass, Cosi, Cumulus Media, Digital Island, Entercom, Equity One, Forcenergy Gas Exploration, Haights Cross Communications, Hosokawa Micron International, LinkShare.com, Multex.com, Playboy.com, 3DFX Interactive, TeleCorp, Wireless One, Tritel Communications, Universal Communication Network, VitaminShoppe.com,, and Wild Oats Markets.

Director of Operations 1993 - 1995

Manager of Operations 1991 - 1993

TECHNICAL SKILLS

Expert level in MS Excel, Intacct, QuickBooks Desktop, QuickBooks Online, PowerPoint, Word, Outlook, ADP. Fluent in VB Scripting and database access. Other software includes SAI, Hyperion, Traverse, PowerBuilder, Macola Enterprise, MS Access, MYOB. Comfortable in all computer environments.

EDUCATION

Columbia University, New York, NY

MBA, Concentrations in Finance and Operations

City College, New York, NY

BA Accounting

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