CFO - Controller
Resume:
JOSEPH C. ROTONDA, CMA
West Milford, New Jersey 07480
Home: 973-***-**** Cell: 201-***-****
Email: ************@*****.***
SENIOR FINANCE EXECUTIVE – CFO – CONTROLLER
Senior finance executive with an extensive experience in the full complement of corporate finance functions for large, high-growth organizations doing business in domestic and international markets. Successful in aligning corporate finance with enterprise-level strategies, and linking finance to all aspects of operations to achieve fiscal conscientiousness, improve performance, increase profits and enhance shareholder value. Expert internal consultant with top-notch finance and accounting skills combined with high-caliber management qualifications, strong judgment and proven leadership talents. Qualifications:
Strategic Business & Finance Planning Corporate & Multidivisional Financial Reporting
Budgeting Planning, Forecasting & Control Management Reporting & Executive Decision Support
Process & Performance Improvement Due Diligence & Deal-Making - IPO, M&A, Divestiture
Financial Modeling, Analysis & Reporting Financial Controls & Cost Reduction
PROFESSIONAL EXPERIENCE
CONFIDENTIAL – Newark, New Jersey 11/2008 to present
CFO Consultant for a startup renewable fuel company that manufactures distributes and markets to customers around the world.
ACCOONA CORP – Jersey City, New Jersey 10/2006 to 11/2008
Accoona Corp is a $150 million start-up internet company engaged in three primary business lines which include online-based lead generation, online search in the United States, Europe and China, and eCommerce consumer electronics retailing.
VP of Finance and Operations E Commerce Group (09/2007 – 11/2008)
• Provide key leadership in corporate and operational financial functions, including financial and operational control; cost accounting; planning, forecasting and analysis.
• Drive the performance, strategic planning and growth orientation of the business.
• Coordinate the development of accurate and useful levels of information, performance, reporting and key metrics for management and investors.
• Assist in the development of strategic alternatives including the establishment of long-term goals and objectives, evaluation of expansion opportunities; helping to identify strategic objectives, as appropriate, and assist in the execution of the strategic agenda
• Establishes procedures and systems necessary to provide adequate financial controls
• Treasury and cash management including bank and merchant account relationships.
• Responsible for operational departments including customer service, billing, payroll, human resources, warehousing, purchasing and accounting and finance.
• Coordinate and act as lead liaison to external audit firm.
• Assess the finance department structure and talent pool to ensure continual improvement of the efficiency and effectiveness of the team and provide for the professional and personal growth of all team members.
• Provide the financial format and direct the annual and long-term business planning processes.
• Insure appropriate financial systems, reporting and analysis to support business growth and objectives.
Corporate Controller (10/06 – 9/07)
• Direct the accounting department in preparation of all financial reports, including the monthly financial statements, in accordance with GAAP.
• Develop and update financial models to forecast company performance given different business objectives and scenarios.
• Responsible for leading the annual budgeting process for the company. Work closely with departmental managers and financial management to develop meaningful budgets, which are aligned to strategic/business objectives. Review and develop budget procedures and tools to continuously improve the budget process
• Coordinate, prepare and support effort in filing registration statement with the Securities and Exchange Commission in IPO efforts.
• Along with the CFO, manage the relationship with the Board of Directors, stressing the long-term growth and investment opportunities of the company
JOSEPH C. ROTONDA Page Two
BROOKWOOD COMPANIES, INC. New York, New York 2004 to 2006
The Brookwood Companies Incorporated is $130 million integrated textile and fabric company who’s marketing and manufacturing divisions service a diverse worldwide marketplace with a wide variety of technically oriented products.
Corporate Controller
• Develop and maintain accounting policies, procedures and internal control procedures in accordance with GAAP and SEC requirements.
• Provide management with clear and concise information regarding the company’s operations, performance, profitability and financial condition.
• Manage all functions related to maintaining and reporting accurate and timely financial results.
• Manage all treasury and risk management functions, including banking relations and ensuring that credit facilities are maintained within the scope of agreements.
• Prepare weekly cash flow reports to determine funding requirements.
• Develop and create annual budgets and work with senior management and department leaders to analyze future business plans and marketing strategies.
• Oversee the general accounting function to ensure the integrity of the Financial Statements.
• Oversee A/R and A/P, including enforcing credit and collection policies and ensuring that vendors are paid on a timely basis.
• Evaluation of new accounting pronouncements and their impact on the Company
• Manage, direct, supervise, train and evaluate accounting staff.
• Co-ordinates audits with the Company’s external auditors, and lead the Corporation’s compliance with Sarbanes Oxley requirements
• Preparation and review of all quarterly and annual SEC reports (Forms 10Q and 10k's)
• Support strategic business decision making with comprehensive financial analysis.
BRINKS, INC. Brooklyn, New York 2003 to 2004
Regional Controller (North East Region)
Reporting to the VP Regional Operations, responsible for all accounting, planning, forecasting and P&L, throughout the region and its 17 offices.
Regional Controller
• Serve as financial advisor to the regional management team.
• Review capital expenditure proposals to ensure proper cost/benefit relationship.
• Provide support to management to improve EVA, cash flow and return on investment.
• Compare performance with historical results, operating plans and standards, and report and interpret the results of operations.
• Ensure training is provided for branches in P&L management to include the impact of key business drivers on financial performance.
• Perform in-depth financial and operational analysis of operations to determine business reasons and key business drivers impacting results.
• Provide financial input on pricing approaches and assess customer and product profitability.
• Coordinate business planning and budget process
PHIBRO-TECH, INC., Fort Lee, New Jersey 1986 to September 2002
Phibro-Tech is a $100 million wholly owned subsidiary of Philipp Brothers, a $500 million chemical manufacturing and distribution enterprise. Phibro-tech produced metal-based chemicals for the Printed Circuit Board and metal finishing industries, and operates recycling plants reclaiming metals from hazardous waste.
Corporate Controller (1990 - 2002)
Assistant Controller (1988 - 1990)
Senior Accountant (1986 - 1988)
With oversight of 7 domestic and 1 European plant, a corporate finance executive and a key member of the executive management team. Held direct accountability for all aspects of the corporate finance function, and played a key role in enterprise-level strategic planning, decision-making and leadership. Authorities, accountabilities and achievements:
Corporate Finance Management - General Accounting – Internal Audit
• Lead a core team of four Divisional Controllers, managed eight personnel in the Accounting Department, and provided indirect supervision to as many as ten other professionals and support staff in credit, collections, payroll and I/T roles.
• Implemented and monitored systems, policies, and procedures to facilitate the timeliness, accuracy, and consistency of financial and management reporting to internal and external users.
• Managed the preparation, reconciliation, analysis and distribution of monthly, quarterly and annual financial statements for six US divisions and a manufacturing and distribution operation in France.
JOSEPH C. ROTONDA Page Three
• Served as an internal consultant, crossing over functional lines of operations to provide guidance and support in areas related to financial planning, cost control, accountability, and productivity and performance improvement. Interfaced routinely with division heads, department managers, supervisors and staff.
• Managed cash flow, plan and administered the capital budget (including equipment financing), coordinated and oversaw audit engagements, and managed external reporting (parent and SEC).
Financial Forecasting, Analysis & Reporting – Cost Reduction & Performance Improvement
• Spearheaded and led the consolidation of the general accounting organization and standardized financial reporting processes among 15 subsidiaries of the parent company. Reduced month-end close cycle by 10 business days, and achieved 95% accuracy in interim flash reporting.
• Developed and provided a variety of operational analysis along with financial and non-financial metrics geared toward reporting and monitoring business conditions throughout the organization.
• Provided ongoing evaluation of the operating results of the organization and provided alternative solutions towards continuous improvement through a variety of scenario and sensitivity analysis.
• Project Lead, managing the centralization of the customer service function. Developed a new organizational structure, realigned key personnel, reengineered business processes and integrated IT solutions. Delivered 40% annual cost savings while maintaining superior customer service.
• Served as Chairperson of the Manufacturing Efficiency Team focusing identifying and capturing cost-reduction and performance improvement opportunities within the manufacturing and supply chain operation. Within four months, restructured labor resources, reduced machine downtime and reengineered processes resulting in 15% improvement to the bottom-line.
• Served as Chairperson of the Copper Utilization Team tasked with reducing copper costs through hedging strategies and identification of new commodity sources. Delivered 25% to 30% cost saving (target for the task force was 10%).
Administrative Management – IT & HR Solutions
• Initiator and Project Lead for the implementation of OLAP – On Line Analytical Process, a Web-enabled, enterprise management reporting solution providing quick access to operational and financial data from multiple sources through a single data warehouse. Managed all aspects of the project lifecycle, which completed on time and within budget.
• Negotiated corporate contracts for IT services, toll manufacturing and owner-operator agreements (delivered 20% reduction in costs related to owner-operator contracts).
Strategic Business & Finance Planning – Organizational Development - Corporate Deals & Transactions
• Contributed to the development and execution of enterprise-level strategic business and finance plans (Co-chair, Strategic Planning Committee), and continually tracked and evaluated the current financial condition of the company. Partnered with the CFO of the parent company in establishing, prioritizing and achieving goals, and identifying and resolving potential obstacles to growth, performance and profitability.
• Served as the internal contact to a public accounting firm and assisted in the structure and execution of an IPO of $100 million bond issuance. Prepared financial statement and disclosure information for the prospectus and participated in road-show presentations to potential investors.
• Developed the financial infrastructure and addressed complex governance and tax issues for the formation of the company through a spin-off of assets from the parent company in 1994. Named a Corporate Officer of the newly formed corporation.
• Project Lead for due diligence and deal structuring and negotiation for two M&A transactions valued at $20+ million. Coordinator of the integration of same acquisitions into company infrastructure.
• Teamed with the President in structuring and executing the divestiture of an operating division sold for $40 million.
MARATHON ENTERPRISES, East Rutherford, New Jersey 1985 to 1986
Cost Accountant
STATUE OF LIBERTY – ELLIS ISLAND FOUNDATION, New York, New York 1983 to 1985
Staff Accountant
EDUCATION
Almeda University, MBA, Accounting, 2003
William Paterson University, BS, Accounting, 1983
PROFESSIONAL CERTIFICATIONS
CMA: Certified Management Accountant
COMPUTER SKILLS
NetSuite, QuickBooks, MAS200, Lawson Financials, People Soft, Cognos, FRX, Microsoft Excel, Word and PowerPoint
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