Manager Management

BRUNO RICCIUTI

***** ****** ***** ****** ********, MI mobile 248-***-**** *********@*****.***

Summary of Finance/Accounting Management Experience

Financial Reporting and Analysis

Financial and Economic Modeling

Formulation of Business Strategy

Cash Management, Liquidity Forecasting

Development of Operating Procedures

Restructuring and Recapitalization

Operating Cost Reductions

Contract Negotiations

Financial Audit and Compliance

Internal Controls Development Mergers and Acquisitions

Business Valuations

Divestitures of non-core Segments

Due Diligence (buy and sell side)

20 Years Business Experience

Career History

RICCIUTI ACCOUNTING & FINANCIAL, LLC, Bloomfield Hills, MI

2010-Present

Principal

Providing financial advisory services in accounting, tax, restructurings, mergers/acquisitions and business valuations.

Example 1: Assisted $1.4 billion transmission manufacturer with the development, preparation and presentation of both short and long range financial plans including detailed analysis of capabilities and capacities in all aspects such as technology, available funds, overall feasibility, profitability and headcount by department and segment. Created analysis reviewing IRR/NPV, make vs. buy and scenario analysis allowing for improved decision making by management. Lead cross functional cost reduction reviews over 142 components and prepared related financial analysis.

Example 2: Performed profitability and cash flow analysis of a $750 million, 14 plant gears and shafts manufacturer aiding in the restructuring of the business. Worked with bankruptcy claimants to resolve disputed balances.

Example 3: Operating as the external CFO, prepared financial statements, tax returns, contract negotiations and strategic planning for a $12 million title company.

BBK LTD., Southfield, MI 2005 to 2010

Director, Corporate Advisory Group

Performed financial and strategic advisory services for companies in changing and often distressed environments. Daily activities included: financial and economic assessments, sophisticated financial modeling/forecasting, scenario analysis, cash management, liquidity improvement, debt capacity analysis and enhancement, debt restructuring, financial and strategic due diligence, intense negotiations of complex commercial agreements, purchase and sale agreements, secured and subordinated credit agreements, forbearance agreements, implementation of profit enhancement action plans, viability analysis of bankruptcy reorganization plans and exit financing.

Example 1: Aided a $2 billion, 35 plant concern with the provision of a $100 million loan facility. Analyzed and tracked financial trends, ratios, cash position/liquidity on a daily basis by plant and segment. Supported the eventual sale of the company including plant dispositions while saving millions through cost rationalization.

Example 2: Performed a bottom up review of a $45 million plastic injection manufacturer allowing for a restructuring of the business including cutting plant operating costs by 20%, headcount reductions of 35%, negotiating a new lending facility, extending vendor terms and negotiating price increases from customers.

Example 3: Crafted the restructuring of a $175 million lumber producer improving inventory management, cost containment, cash flow tracking, back office systems and securing subordinated financing. Prepared 13 week rolling forecast to aid in the management of resources.

Bruno Ricciuti Page 2

EXPERT CORPORATION, MI, IL 1999-2005

Executive Vice President, General Manager and Chief Financial Officer

A vertically integrated international automotive manufacturer offering plastic injected modules, engineering design and development services, custom automation and tooling.

Strategic Planning: Responsible for the U.S. start-up growing revenue to $350 million. Prepared business plan and operational footprint. Identified prospective customers and working through engineering, developed relationships, conducted sales presentations and acquired profitable business. Obtained local government incentives/tax abatements. Implemented supplier cost reductions and rebate structures to improve profitability. Developed, reviewed and negotiated contracts that governed the commercial and legal terms of sales, purchases, leases, employment and all other legal and commercial areas. Resolved supplier litigation issues and successfully migrated to new suppliers with improved quality and price reductions.

Finance, Accounting and Implementations: Raised capital and negotiated favorable terms with vendors. Prepared sales quotations and performed projected profitability analysis. Prepared managerial reports, forecasts and budgets reviewing company metrics, benchmarking and variance analysis. Responsible for external reporting to shareholders, financial institutions and audit coordination. Implementation of financial and cost accounting systems and internal control policies and procedures. Analyzed foreign currency transactions and risk management. Developed HR and IT departments and preparation of employee handbook, benefits package and insurances.

Operations Management: Organized zero defect launches including implementation of Kan Ban and TS systems within the manufacturing operation. Implemented operational planning, audits and strong quality and inventory disciplines.

PRICEWATERHOUSECOOPERS, LLP., Detroit, MI 1996-1998

Manager

World leading professional services firm, providing industry-focused assurance, tax and advisory services. Lead audits, mergers and acquisitions engagements. Performed due diligence and evaluated acquisition targets’ reporting, internal controls, systems, quality of earnings and assets, cash requirements and contingent liabilities. Worked with legal counsel to structure indemnifications, purchase price adjustment mechanisms and other components of purchase and sale agreements. Worked with SEC concerns including initial public offerings and subsequent equity/debt offerings.

GEORGE JOHNSON & COMPANY, Detroit, MI 1995

Senior Accountant

Prominent metropolitan Detroit public accounting firm servicing clients such as Detroit Edison, AAA of Michigan, Blue Cross Blue Shield of Michigan, United Way and the Detroit Economic Growth Corporation. Planned, performed and supervised staff performing audit, consulting and tax engagements.

CAIRNS & STEWART PC, Mt. Clemens, MI 1993-1995

Senior Accountant

Prominent downtown Mt. Clemens based public accounting firm servicing clients primarily in the manufacturing and real estate industries. Planned, performed and supervised staff performing audit, consulting and tax engagements for a variety of small to middle market companies.

Education/Professional Designation

OAKLAND UNIVERSITY, Rochester, MI

Bachelor of Arts – Business Administration and Accounting

CPA - State of Michigan

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