Financial Reporting Process Improvement
Resume:
Ray Hernandez, MPAC
Houston, Texas
***@***.*****
PROFESSIONAL PROFILE
A highly effective Senior Financial Management Professional who meets challenges directly and creates positive change. An innovative individual, with a proven ability to generate and deliver creative ideas and effective solutions in highly competitive, rapidly changing business environments. An energetic leader, with a proven record of success developing teams and leading them to achieve outstanding results in profitability and quality performance.
BACKGROUND SUMMARY
A broad-ranging background in Accounting, Finance, and Business Operations includes:
Financial Planning
Financial Statements
Ratio Analyses / Benchmarking
Systems Integration
Cash Flow Projections
Financial Modeling
Banking Relations
Project P&Ls
Proformas
WIP Accounting
Project Margin Analysis
Annual Reports/ Reviews
Strategic Planning
Cash/Treasury Management
Corporate Finance
New Venture Startups
Business Model Development
Control Systems Design
EMPLOYMENT HISTORY
MCA Communications, Inc., Houston, Texas
2/1987 - Present
Chief Financial Officer / Treasurer (2003 - 2024)
Managed financial transactions for MCA Communications, ensuring effective cash flow management for 250+ employees. Oversaw complex, large-scale project financing, including equipment procurement and precise job costing. Directed accounts receivable and collection strategies to optimize cash flow, while fostering strong client and vendor relationships. Developed and mentored mid-level management personnel, enhancing leadership capabilities within the finance department. Modeled forecasting scenarios and provided strategic recommendations to the CEO.
●Performed in-depth evaluations of the company’s accounting procedures, requirements, and challenges to ensure strategic alignment of resources and goals
●Supported the growth in annual revenue from $500K to $43M over a 36-year tenure
●Implemented new operational processes contributing to consistent corporate growth
●Fostered positive interdepartmental relations, enhancing organizational communication
●Directed the selection and implementation of a customized accounting software solutions, streamlining business processes and addressing unique accounting needs
●Developed a comprehensive integration strategy for new accounting software, significantly improving financial operations and reporting accuracy
●Synchronized the accounting software with other business systems (CRM, ERP) to ensure uninterrupted data flow and operational efficiency
●Continually worked to optimize and enhance the use of accounting software to keep pace with changing business needs
Controller / VP Operations, ATW Management, Inc. (1993 - 2003)
Continued my accounting role with MCA and was promoted to oversee the operation of a newly formed contract service provider (ATW Management Inc.) as a 50% partner. ATW focused on smaller businesses to free up MCA resources to concentrate on more profitable large accounts and major projects.
●Expanded the Solomon IV capabilities to run both companies (MCA and ATW) separately
●Implemented ESC field service management software for ATW to generate and manage service tickets for a small (25) team of service technicians
●Grew the MCA accounting staff from three to five members to accommodate the increases in MCA’s revenue.
Accounting Manager (1987 - 1993)
Joined this IT cabling and infrastructure installation company three years after its formulation. Hired to bring more focused attention to the bookkeeping and financial management of this small, but rapidly growing contractor to AT&T.
●Worked under the general supervision of a CPA to design and implement basic financial controls and business systems
●Implemented Solomon IV and set up the chart of accounts for the company, which is still in use today.
●Managed accounting team, generated the monthly P&Ls, Balance Sheet management, risk management, management strategies, and prepared the financials for CPA’s annual review and certification.
EDUCATION
Master of Professional Accountancy, MPAC
BBA, Accounting
University of Houston, Downtown, Houston, Texas
COMMUNITY INVOLVEMENT
Palmer Young Philanthropist (Affiliated with the Palmer House Drug Abuse Program)
Houston Young Professionals
Houston Food Bank, Chip in for Charity Event - Co-Sponsor
ACCOUNTING SOFTWARE & TECHNICAL SKILLS
Solomon IV • Sage 300 • Acumatica • QuickBooks
Advanced Excel • DataRails
SOFT SKILLS
Problem-Solving Skills • Analytical Skills • Team Management • Interpersonal Skills • Negotiating Skills
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