Resume

PROFESSIONAL QUALIFICATION OBJECTIVES / SUMMARY:

Financial / operational manager with diverse finance and accounting competencies and experience including: analysis, reporting, forecasting, budgeting, treasury, general accounting, auditing and compliance. Industry specific experience includes financial services, healthcare manufacturing, electronic and scientific equipment manufacturing, retail consumer products and recreational services. Proven track record of revenue enhancement, cost reduction/ expense management, profitability evaluation and strategic planning using extensive analysis tools and methodology resulting in significant returns on investment. Extensive computer experience with several desktop applications including Microsoft Excel, Access, Powerpoint and Word; and mainframe applications including Oracle, Peoplesoft, and Hyperion. Supervisory experience of up to fifteen direct subordinate staff. Key accomplishments include:

· Creation of pricing model to emulate revenue streams and implemented automated variance analysis processing costs of $50 MM resulting in increased profitability of approximately $1.5 MM.

· Development of a comprehensive cash flow forecast that reduced the level of cash on hand by 83%.

· Supervision of cost evaluation project to an accuracy tolerance of within 3% of income statement results.

· Development of a forecasting model of inventory requirements to over 100 outlets and geographically consolidated distribution routes resulting in savings of $30 MM.

EXPERIENCE

Financial Analyst – ZOLL Lifecor Corporation, Pittsburgh PA (08/06 – Present)

· Aid Chief Financial Officer in various accounting & financial activities including analysis, reporting, accounting, auditing, budgeting and forecasting for medical manufacturing firm.

Financial Manager - PNC Financial Services Group, Pittsburgh PA (07/96 – 08/06)

· Manage all financial activities up to $16 billion business including analysis, reporting, accounting, auditing, budgeting, forecasting, ledger, taxes, and credit for various lines of business including corporate management, leasing and credit card.

· Supervise the review and analysis of financial results to identify cost reduction and revenue enhancement opportunities.

· Create and oversee budget / forecast / trend modeling of operational and financial elements and develop strategies to address realized variances.

· Formulate financial strategic planning scenarios and impact analysis of long-term capital projects including leasing, buying and outsourcing decisions.

STEVEN STRAIT (Continued) Page 2

· Coordinate the efficient and accurate processing and ensure the compliance of all audit and regulatory requirements, including Sarbanes Oxley.

· Direct and integrate financial information resulting from mergers, acquisitions and restructuring including system implementation and due diligence analysis.

· Evaluate, measure, and underwrite credit risk of clients and vendors.

Financial Project Manager - Mellon Bank, Pittsburgh PA (09/94 - 07/96)

· Supervise the development and implementation of activity based costing models for more than 500 customized products / services used to provide dynamic product/service pricing and manage customer profitability.

· Certify and present to senior management financial results and variance analysis.

· Dynamically enhance cost data with new product implementation.

Budget Analyst - Defense Commissary Agency, Europe (06/88 - 09/94)

· Managed financial functions including analysis, budgeting, forecasting, reporting, accounting and auditing for $700 MM organization; reviewed and analyzed financial results for variance; and certified and presented financial results to senior management.

· Oversee the accuracy of all accounting operations including ledger, payables, receivables, payroll, inventory/fixed assets, period end closing, reconciliation, capital projects and balance sheet maintenance.

· Supervise treasury management program including reconciliation, control and authorization of disbursement approval and re-investment.

· Compose financial policies and procedures and establish and implement training program for subordinate staff development.

· Direct comprehensive credit evaluation, review, and monitoring program.

· Frequent exposure to international markets and currencies of eight European nations.

EDUCATION

Master's Degree in Business Administration, Boston University, 1991 with concentration in Finance and Management. GPA – 3.7

Bachelor's Degree in Business Administration, Robert Morris University, 1987 with concentration in Finance and Economics. GPA – 3.7

MILITARY

US Navy; Holy Loch, Scotland / Groton, Connecticut; (10/76 – 10/83)

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