Accounting Manager

PAUL A. KOROSKI

*** **** **. ****** *****, MAINE 04252 Tel 207-***-**** E-mail ***********@***.***

PROFESSIONAL PROFILE

Senior Finance and Operations Executive in diverse industry environments, aerospace government contractor, biomedical research services and multi-site manufacturing operations for private, public and nonprofit multinational companies. Responsible for overseeing corporate / operational finance, accounting, treasury, taxation, risk management, contracts and procurement, M&A due diligence and integration, leading ERP implementations, structuring and negotiating financing transactions with commercial banks and private equity groups along with the ability to lead across departments to bring teams together to meet business objectives.

EXPERIENCE:

January 2018 to Present: Mere Point Consulting

Interim Finance and CFO advisory services, strategic planning and turn around management practices for Maine small businesses.

Bio E Corporation: Currently assisting with operations finance start up activities.

Gelato Fiasco: Assisted with acquiring private equity funding.

Maine Lobster Now: Assisted with updating administrative processes.

Portland Jet Port: Interim Finance Director during search for permanent hire.

Ramblers Way: Assisted with search for private equity financing.

May 2006 to December 2017: Foss Manufacturing Company, LLC Hampton, NH & Rome GA

A $220M manufacturer of engineered nonwoven textile products

Chief Financial Officer, Treasurer and Board Member

Responsible for turnaround management and private equity financing activities related to the purchase of a company out of bankruptcy.

Over saw an ERP implementation from a legacy MRP system.

Developed and maintained financial management reporting systems that effectively monitored performance targets generated from the strategic plan and ensured that the information supported decision making at all levels of the organization while training managers to be knowledgeable in their use of these financial tools.

Worked with senior management on implementing continuous improvement practices (LEAN) in manufacturing and administrative services.

Over the past twelve years I oversaw five M&A and integration projects working with private equity and investment banking groups.

Financed through (private equity and capital raise) the expansion and fit out of 4 additional facilities to accommodate growth (tripling it in size).

December 2003 to September 2005: Energy East Corporation New Gloucester, Maine

Project Manager

Project manager responsible for assisting with SOX 404 documentation and implementation for a fortune 500 energy company.

January 2002 to August 2003: The Jackson Laboratory Bar Harbor, Maine

A $150M not for profit world re nown bio medical research, educational and resource institute

Chief Financial Officer

Responsible for managing the laboratories financial service functions. This included all strategic planning, budgeting, forecasting, and treasury functions.

Successfully oversaw the administration of a $65million dollar bond issue through FAME and ABAG to finance building expansion.

Responsible for West Coast biotech start up negotiating leased facility, financing fit out and implementing internal controls and reporting procedures.

June 1989 to September 2000: Carleton Woolen Mills, Inc., Winthrop, Maine

A $70M 3 plant manufacturing / international distributor (a subsidiary of a U. K. parent - Allied Textiles Companies PLC.

Senior Vice President, Chief Financial Officer and Chief Operating Officer

As a member of the executive steering committee my responsibilities included the following: All corporate strategic planning and business modeling functions, including analyzing ways to facilitate growth and enhance profitability by exploring new revenue opportunities.

Responsible for directing the functions of the accounting and I.T. departments along with initiating and maintaining internal controls, financial statement preparation (in UK and US GAAP format) and analysis and coordination of year end audit and tax preparation work with outside auditors.

Responsible for the human resource department activities related to servicing two separate union facilities, administer all corporate risk management and personnel benefit programs including self insured medical, workers compensation insurance programs and 401k plan.

I was hired by the owner Arthur Spiro (Charter House Group) to assist with selling Carleton, eventually to Allied Textiles a UK company (sold in 1994).

July 1986 to May 1989: Fiber Materials Inc., Biddeford, Maine

A $ 50M multi-national government contractor, manufacturer of advanced high-performance materials for the aerospace industry.

Corporate Controller

Responsible for all financial and managerial accounting functions and contracts administration, for four wholly owned subsidiaries (domestic and foreign) ensuring that they conform not only to GAAP but also Federal Acquisition Regulations and Government Cost Accounting Standards.

EDUCATION

Bentley University: BS Accounting & Finance

Financial Accounting Institute: Utility Finance and Accounting for Financial professionals

Dale Carnegie: Effective Speaking and Human Relations

Juran Institute: Total Quality Management Program

Harvard Business School: Executive education courses concentrating in business, finance and marketing

Wharton Business School Executive Education: Integrating Finance and Marketing

State of Maine: Real Estate Brokers License (inactive)

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