CFO
Resume:
KENNETH H. SADER
HUNTINGTON BEACH, CA 92649
e-mail: *******@***.***
Professional Profile
Proven Strategic Operationally Focused Financial Leader with Big 4 experience. Held various senior level financial management positions in manufacturing, consumer products, retail, private equity, energy, engineering, construction, healthcare, non-profit and sports & entertainment organizations. Excels in leading and maximizing talents within the company. Known as a change agent for process improvements. Greatly reduces operational costs while delivering timely and accurate financial results.
AREAS OF EXPERTISE
Financial & Strategic Leadership
Staff Development
Accounting & Finance
Financial Planning & Analysis
Procurement & Purchasing
Forecasting & Budgeting
GAAP & IFRS
Cost & Standardized Accounting
Inventory Accounting & Operations
Treasury & Banking
Audit / Internal Controls / SOX
Operational Re-Engineering
Mergers & Acquisitions
Key Performance Indicators (KPI)
ERP System Implementations
PwC / VARIOUS COMPANIES 2008 – Present
CFO and CONTROLLER / MANAGEMENT CONSULTANT
Identified and delivered quality business solutions to companies strategic, financial and operational problems. Worked as interim CFO, Controller and Vice President for organizations in the manufacturing, consumer products, energy, engineering, construction, healthcare, private equity / venture capital and non-profit industries.
Successfully managed the financial close process and directed the annual budget / forecast cycle.
Restructured and reorganized the Controller’s department reducing the monthly close from 30 days to 5 days.
Re-engineered the financial reporting process leading to timelier information being provided to senior leadership.
Developed and implemented the Purchasing department leading to cost savings of over $500k.
Redesigned the Warehouse and documented the Inventory process and procedures.
Eliminated staff overtime once averaging 50 hours per week leading to cost savings of $250k.
VALERO ENERGY CORPORATION (Fortune 100) 2004 – 2008
REGIONAL CONTROLLER (2007 – 2008)
Managed the financial close process for 7 (half) of the company’s domestic business units and ensured accurate and timely financial statements. Responsible for Revenue of $40B. Monitored, reported and coordinated Operating Expense (OPEX) and Capital Expenditure (Capex) reviews. Responsibilities included: reviewing and approving journal entries and balance sheet reconciliations, OPEX management, budgeting and forecasting, Performance Metrics / KPI reporting, development of annual Strategic Plan and SAP financial systems. Staff comprised of 12 direct and 100 employees / contractors indirect.
Played a key role in reorganizing and centralizing the Accounting, Accounts Payable and Procurement / Contracts departments into a Shared Services location, leading to cost savings of $10 million a year.
Improved Accounts Payable on-time invoice payment from below 80% to 98%.
Coordinated, implemented and automated Evaluated Receipts Settlement (ERS). Paid vendors timelier, achieved early payment discounts, eliminated hardcopy invoices, and reduced administrative costs by $1 million.
PLANT CONTROLLER (2004 – 2007)
Directed the Plant’s General Accounting, Accounts Payable, Planning and Economics, Contractor (TRACK) Timekeeping, Procurement / Contracts, and Warehouse departments. Responsible for Revenue of $350 million. Responsibilities included: expense budgeting, forecasting and stewardship, financial planning, analysis and reporting, capital budgeting, statistical and KPI reporting, strategic development, volumetric reporting, Sarbanes Oxley (SOX) and audit compliance, and SAP financial systems. Staff comprised of up to 35 employees and contractors.
KENNETH H. SADER
Page 2
Implemented and monitored processes to ensure compliance with Corporate Performance Metrics/KPI’s transforming the Business Services department into a value-added contributor – went from last in the company of 18 business units to the Top Three within one year and Number One within two years.
Developed and implemented operating plans and strategies that maximized the Business Unit’s profitability – contributed 10% to the company’s net income.
Managed the monthly, quarterly and year-end close process and annual Strategic Plan.
BROOKS COLLEGE 2002 – 2003
CFO / CONTROLLER
Managed all aspects of Finance, Operations and Human Resources. Responsible for Revenue of $1 million. Responsibilities included: governing the college’s economic strategies, objectives and accounting principles, financial statements preparation, financial planning, analysis and reporting, forecasting and budgeting, payroll, billing, AP & AR, account reconciliations, bad debt collection, banking, tax compliance, inventory, building maintenance, and staffing. Developed and implemented internal controls and ensured compliance with SOX. Staff comprised of up to 12 employees.
Consistently improved the company’s financial performance by monitoring costs, staying within budget, and holding personnel accountable – received the Outstanding Achievement Award 3 consecutive quarters by Corporate.
Provided administration and stewardship over the IT, Financial Aid, Business Office, Bookstore, and Facilities departments as well as negotiated contracts with vendors and subcontractors.
Financial systems and software employed – PeopleSoft, Great Plains Dynamics, COGNOS, ADP, and MS Office.
TOSCO CORPORATION (Fortune 500) 1998 – 2001
PLANT CONTROLLER (2001)
Managed the Finance, Accounting and Purchasing functions for the Wilmington and Carson Plants (combined Revenue of $500 million) during the Phillips 66 acquisition process. Responsibilities included: Plant expenses, departmental budgets and forecasts, volumetric reporting, AP and AR, T&E expense accounts, and Oracle financial systems. Staff comprised of up to 10 employees.
AUDIT MANAGER (1998 – 2001)
Managed and conducted various operational and financial Internal and Contractor Audits. Areas included: Refineries, Terminals, Pipelines, Lubes facilities, Inventory, Warehouse, Accounting, Accounts Payable, Capital Budget/Expense, Purchasing, Payroll, Human Resources, and Security. Partnered with management to develop and schedule the Annual Audit Plan using a risk-based approach. Staff comprised of up to 3 senior auditors.
Instrumental in the reorganization of the Distribution Company’s Procurement department to centralize purchasing and standardize policy and procedures, leading to cost savings of over $1 million a year.
Promoted the use of automated systems within the Audit department, initiated the conversion to Windows NT, and coordinated the effort to share information across network servers.
Chosen by senior management to join the Refinery Company’s Acquisition and Disposition task force team, overseeing two major refinery purchases and one refinery sale.
PROFESSIONAL AFFILIATIONS
Institute of Internal Auditors, Member Delta Sigma Pi, Alumni
Cambridge Who’s Who, Member Bronx High School of Science, Alumni
Valero’s Volunteer of the Month
EDUCATION
MASTERS OF BUSINESS ADMINISTRATION BACHELOR OF SCIENCE
Texas A&M University, College Station, TX State University of New York at Albany
Concentration in Finance and Management Major: Economics
Studied abroad in the Orient – International Business Minor: Business Administration
Vice President of MBA/MS Association
Contact this candidate