CFO

David E. Sullivan

** **** **** **** ********, Connecticut 06119 Home: 860-***-****

Cell 860-***-****

*****.*********@*******.***

OBJECTIVE

To acquire a Senior Financial Management position that will significantly contribute to the attainment of corporate objectives by utilizing my recognized achievements, experience and expertise.

PROFILE OF QUALIFICATIONS

Senior Financial Executive with experience and expertise in strategic planning, budgeting, financial analysis, information systems, cash management, bank financing, risk management, and reporting.

· Self-starter with proficient analytical skills · Skillful at executing business and strategic plans

· Versatile coaching and mentoring skills · Manage rapidly changing environments

· Sense of urgency in leading others to achieve · Surpass internal and external customer expectations

· Savvy, proven negotiator and problem solver · Extensive expertise in multi-tasking major initiatives

PROFESSIONAL EXPERIENCE

BERNIE’S AUDIO VIDEO, Enfield, CT 1992 to 2009

Chief Financial Officer/Treasurer

$140 million retailer with 15 stores in 3 states

Responsible for budgeting, financial analysis, information systems, cash management, bank financing, risk management, audit preparation, internal and external reporting, budget preparation, information technology, bank and vendor credit relations, insurance negotiations, accounts payable and receivable, payroll, inventory control, internal audit, consumer financing, and 401(k)/ ESOP administration. Lead and manage a staff of 12 and 3 direct reports.

As a member of the Executive Team, collaborate with Senior Management to develop short and long-term strategic planning initiatives that support, meet and enhance profitable growth and business objectives.

· Refinanced the Company three times over six years to generate working capital for growth as well as a substantial reduction in interest costs resulting in a $150k annual savings in latest bank negotiations.

· Established an Employee Stock Ownership Plan (ESOP) that sold 30% of the company to the employees, allowing the owner to take several million dollars out of the Company.

· Led staff and Department Heads in developing an automated budgeting and reporting process that rolled up detailed department budgets into a Company wide business plan that reduced expenses by over $1 million last year.

· Established strong internal controls to reduce expenses and maintain shrinkage to less than 0.1%.

· Reduced property and casualty insurance costs by over $300k annually over the past five years.

· Saved over $200k in health insurance costs annually with a self-insured plan.

· Reduced auditing expenses by $50k annually by evaluating options and replacing existing firm.

David E. Sullivan Page 2

BERNIE’S AUDIO VIDEO, Enfield, CT (continued)

· Installed GERS enterprise computer system and Cognos Budgeting and financial reporting system.

· Installed Lotus Notes to improve Company communications and established a database for immediate access to Company records and reports for front line management.

· Merged AP and AR departments for integrated responsibility and reduce staff and installed an automated charge back system to track vendor credits and increase cash flow.

NEWMARK & LEWIS, Hicksville, NY 1986 to 1992

Vice President & Controller

$300 million publicly held retailer with 70 stores in 4 states.

· Part of Management Team that grew the Company from 25 to 70 stores after IPO.

· Responsible for Audit preparation with Big 4 firm, Internal, external and SEC reporting, Budget preparation, Strategic Planning, Bank and Vendor credit relations, Insurance negotiations, Accounts Payable, Accounts Receivable, Payroll, Inventory Control and Internal Audit.

· Installed J.D. Edwards Accounting System. Managed 35 staff/4 direct reports.

EDUCATION

Bachelor in Business Administration, Business & Economics University of Massachusetts

Amherst, MA

Masters in Business Administration Western New England College

Accounting Concentration Springfield, MA

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