Chief Financial Officer
Resume:
MICHAEL V. VETERI, CPA, MBA
* ***** *****, ********, *** YORK 11709
*******@*********.***
SUMMARY:
I am a seasoned mature business leader with extensive financial management experience including large, diverse and complex organizations. I have a strong supportive hands on approach to accompany my finance, analytic and accounting skills. I have successfully implemented business process redesigns through strategic implementation of system changes, internal controls and best practices over revenue, budget, treasury, work force and disbursement functions.
My accomplishments include a turnaround of a $60m diverse not for profit agency, restructuring of over $30m debt financing, project management for new program developments, securing new funding streams from public and private sources and increasing operational efficiencies at several different organizations.
CORE QUALIFICATIONS:
Accounting and financial management. Financial analysis and decision support. Budgeting and forecasting. Strong supervisory, communication and interpersonal skills. Excellent analytical abilities to increase cash flow, reduce liabilities and institute best industry practices Establish and promote due diligence and operating efficiencies. Successfully restructured debt and established new lines of credit with banks, lending institutions. Extensive nonprofit experience for education, developmental disabilities, healthcare, housing, mental health and other human services providers.
EXPERIENCE:
Innovative Resources for Independence Current Director of Finance
Outsourced associate CFO management and consultative services to a $45m not for profit organization. Prepared and implemented financial policies and procedures, cash management process improvements, receivables management improvements, and cost containment initiatives. Instituted standardized financial reporting processes, operating and capital budgeting with variance analysis, financial planning modelling, and corporate compliance and training. Coordinated annual audit preparation and assistance with audit process including Federal and New York State report filings.
BDO USA, LLP 2018
Senior Manager
Senior finance leader for outsourced services to a $150 million not for profit with multi locations across six regions of the United States. Coordinated conversion of financial systems to decentralize operations of the sole member corporate entity to regions. Established cash management and control functions. Provided assistance with financial statement audit and related filings.
MICHAEL V. VETERI, CPA MBA
CLA\Accounting Management Solutions, New York, NY 2013-2017
Chief Financial Officer
Performed CFO and consultation services for not for profit organizations and for profit organizations. My expertise includes financial reporting and oversight of all finance functions. Instituted policies and procedures for operating efficiencies, compliance and internal control. Prepared and presented budgets, projections, capital budgets and cash flow analyses. Supervised audit preparation and external filing to financial institutions, federal and state agencies.
PACS Industries, Inc., Bethpage, NY 2010-2013
Director of Budget, Financial Planning and Reporting
Initiated and facilitated the implementation of monthly financial reporting for a $30 million multiple entity corporations operating in two states. Instituted the development of operating and capital budget process that includes monthly variance reporting. Prepared cash flow forecasts, projections to targets and analysis of potential business or segment acquisitions.
Kiwi Partners, Inc., New York, NY 2006-2010
Manager
Provided financial executive leadership and consultative services for a wide range of not for profit organizations. Interim Chief Financial Officer at various clients. Prepared assessments and implemented improvements to financial processes, instituted policies and procedures, established compliance protocols, provided revenue cycle efficiencies, set standard financial reporting, prepared annual audit and established treasury management services.
Block Institute, Inc. and Affiliates, Brooklyn, NY 2002-2005
Chief Financial Officer
Directed accounting, budget, reimbursement, IT, payroll, human resources and facility management functions. Coordinated financial reorganization plan, formulated and implemented process improvements, setting policies and procedures, stabilized cash flows, providing budget variance analysis to all levels within the organization. Established new banking and credit relationships. Implemented IT upgrade to standardize computer hardware and software.
Developmental Disabilities Institute, Inc., Smithtown, NY 1996-2002
Chief Financial Officer and Associate Executive Director
Directed finance, budget, reimbursement from multiple funding sources, purchasing, real estate, IT, human resources, facility management, Medicaid service coordination and risk management functions for the agency, an affiliated not for profit foundation and a for profit subsidiary. Successfully developed and implemented reorganization plan out of bankruptcy into a long term fiscal and programmatic stability. Major components of the plan were to institute a formal budgeting process, a for new financial recording and reporting system, restructuring $20m in long term debt and consistently update and improve financial policies and procedures for best practices. Provided oversight of new construction of special education schools, adult residences, adult day facilities and administrative and support services.
EDUCATION:
Iona College, New Rochelle, NY
Master’s in Business Administration - Finance
Fordham University, Bronx, NY
Bachelors of Science - Accounting
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