ROBERT J. MCKENNA
SUMMARY AND PROFILE
CFO / SENIOR FINANCIAL EXECUTIVE
Results-oriented, mission-driven, Senior Financial Executive who sets the standard for excellence, by taking ownership, being accountable, and championing all aspects of the business. Revamped financial operations of a law firm in his first year, improving cash revenues of core business by 12%. Led a young, consumer goods company from a $2 million loss to their first operating profit. Eliminated a $10 million operating loss in a hospital by establishing rigid budgets and enforcing compliance procedures to ensure accountability by NYC Health and Hospital Corporation (H+H). Tur Managed the recruitment and administration of 1,000+ healthcare professionals, with a budget in excess of $200 million. Demonstrated ability to bridge diverse views, into an effective, and practical, consensus. Adept in regular presentation of financial data to company Board of Directors, Finance and Audit Committees, and various boards of NYC H+H.
PROFESSIONAL EXPERIENCE
HOGUET, NEWMAN, REGAL, & KENNEY LLP NEW YORK, NY
Controller
March 2022 - Present
Responsible for financial strategy, financial reporting, company audits, financial compliance, and bank relationships. Collaborate with the Executive Committee regarding financial operations and strategy. Prepare and present quarterly and annual budgets to the firm partners.
Primary Responsibilities:
Provide financial leadership, guidance, and key performance indicators to the partners of the firm
File financial statements and tax returns on a timely basis
Manage relationships with banks and public accountants
Oversee cash management and recommend partner distributions in accordance with bylaws
Monitor and review system performance to improve the efficiency of attorney billing and collections.
Major Accomplishments:
Recognized by partners as a game-changer for the firm due to ability to analyze data and present operational changes to the Executive Committee
Developed cash management reports to provide partners with more timely and efficient cash flow information
Chaired the Steering Committee to convert and upgrade the firm ERP
Upgraded budget package, linking expenses to distributions, to encourage greater partner participation
Increased cash flow by providing metrics and implementing monthly meetings with partners who lagged in collections
3T BRANDS, INC. WHITE PLAINS, NY
Controller & Director of Operations
February 2018 – June 2021
Directed responsibility for all financial activity of an emerging, small business engaged in the sale of pet products. Performed all accounting and treasury functions, including accounts receivable, accounts payable, cash management, and bank reconciliations.
Primary Responsibilities:
Directly responsible for the strategic planning, forecasting, budgeting and reporting of corporate revenue and expenses.
Served as Treasurer, responsible for all banking activity, including checking, wire and ACH transfers, GL posting and reconciliations
Collaborated with COO and CSO to optimize gross margins on new products and new customers
Restructured operationally and reduced costs associated with the company’s 3PL-distribution facility
Streamlined processes and procedures to help utilize the companies ERP software package (Exenta) for better integration with the Finance modules
Major Accomplishments:
Recognized individually by executives of our warehouse partners as the driving force behind improvement in the relationship between the warehouse(3PL) and 3T Brands
Worked closely with Information Technology to enhance the applications of the ERP and independent general ledger package. Created systemic audits of warehouse invoices, previously paid without review
Managed all finance functions with staff, while providing financial leadership, guidance, and metrics to the other operational areas of the company
Automated commission processing and dilution reporting, previously a tedious, manual process.
Successfully applied for, and received, two Payroll Protection Program (PPP) Loans from the SBA, totaling $800k in desperately needed capital.
PHYSICIAN AFFILIATE GROUP OF NY, NEW YORK, NY
COLUMBIA UNIVERSITY MEDICAL CENTER, NEW YORK, NY
Chief Affiliation Officer (CAO)
January 2008 – January 2018
Oversight of the Affiliations of Physician Affiliate Group of NY (PAGNY) at NYC Health + Hospital’s Harlem Hospital and Lincoln Medical Center, including Accounting, Finance, Human Resources, Compliance, and Payroll functions. PAGNY took over the role from the previous Affiliate, Columbia University Medical Center.
Primary Responsibilities:
Participated in the strategic planning, forecasting, and budgeting of Affiliation expenses with PAGNY’s corporate office, NYC’s H+H Senior Management, and Executive Administration of both hospitals
Responsible for $200 million in operating budgets
Liaised with Legal to negotiate business deals, and execute subcontracts, between PAGNY, H+H, and contractors.
Major Accomplishments:
Filed first recalculation document with New York City’s Health and Hospital Corporation in the history of the Affiliation, allowing PAGNY to reclaim prior year expenses
Recognized individually by Hospital CEO at H+H Quality Assurance, and Internal Audit meetings, as driving force behind improvement in relationship between hospitals and PAGNY
Promoted to CAO of two hospitals, and three diagnostic treatment centers
Managed the implementation of a new time recordkeeping system, allowing employees to electronically enter their work hours
Coordinated and improved participation in Faculty Practice Plan, increasing bonus distribution to physicians from $0 to $25,000 annually per physician
INDEPENDENT FINANCIAL MARKETING GROUP, PURCHASE, NY
Executive Vice President (CFO)
May 1998 – December 2007
Provided strategic and financial leadership to ensure the achievement of corporate objectives while serving as a trusted advisor to the CEO and Board of Directors. Responsibilities included the direct oversight of financial accounting and administrative activities. Appointed to the Board of Directors.
Primary Responsibilities:
Oversight of all general accounting, financial analysis, internal/external reporting, and IT operations
Managed the compensation for all 8,000 brokers across the country
Liaised with the CFO of the parent company, Sun Life Financial
Major Accomplishments:
Reduced $14M operating loss to breakeven thru thorough analysis of profitability, and reorganization of compensation grid, favorable to brokers, and most profitable to company
Initiated major expense reduction initiatives. Reduced operating expenses by 20% in first 2 years
Consolidated 4 distinct systems which considerably increased efficiency and decreased headcount
Developed pricing models and product-line profitability analysis, allowing firm to contract all new clients at a profit, while terminating poorly performing accounts
PREVIOUS EXPERIENCE
EQ FINANCIAL CONSULTANTS, INC., NEW YORK, NY
Senior Vice President & Chief Financial Officer:
Provided financial and administrative oversight, as well as customer service, for an agency force of 10,000 brokers
KPMG, LLP, NEW YORK, NY
Senior Accountant:
Responsibility for planning, staffing and executing audit engagements
EDUCATION AND OTHERS
Manhattan College, Riverdale, NY
Bachelor of Science – Accounting
School of Business Medal
Graduated Summa Cum Laude –Winner
SOFTWARE
ERP Exenta (formally Simparel) / ADP Total Source / Juris / Microsoft Excel / PowerPoint / Microsoft Dynamics/SL / QuickBooks / Great Plains
AWARDS & COMMUNITY LEADERSHIP
Board of Directors - St Sebastian Academy
Awarded Humanitarian of the Year by Liberty Financial
Athletic Director/CYO Basketball Coach