Professional Experience

Jack has over eighteen years of experience as Vice President of Finance, Controller, and financial consultant for small and mid-size businesses. His significant accomplishments have included obtaining financing for clients where others had failed, formulation and implementation of business turnaround strategies, and the preparation of analyses leading to major cost savings, enhanced profitability, and improved cash flow.

Principal Areas of Practice

Accounting and Finance Manager for growth oriented, and (sometimes) financially troubled businesses, with emphasis on financial reporting, analysis, strategic planning and forecasting, costing, cash management, utilizing strong financial modeling skills.

Major Projects

Contract electronic manufacturing company

Contract electronic manufacturing company with $20 million in revenues

V. P. of Finance responsible for overall financial management including accounting function, costing, strategic financial planning, borrowing relationships, and cash management.

After correcting financial reporting issues, obtained $1.4 million in financing to facilitate spinoff of contract manufacturing division after others had failed, enabling company to double sales and achieve first year of profitability.

Shortly after joining company full-time, formulated and implemented financial strategy with bank and critical suppliers enabling company to survive a sudden, major financial crisis.

Developed several financial models leading to company downsizing and realignment of business units, resulting in over $1.0 million in annual cost savings, and refocusing of market strategy to target larger, lower margin contracts to support recent heavy investment in high volume production equipment.

Precision metal optics manufacturing company

Precision metal optics manufacturing company with $3 million in revenues

CFO / Controller responsible for overall financial management including accounting function, costing, strategic financial planning, borrowing relationships, and cash management.

Initially obtained management buyout financing for key employee.

After joining company full-time, obtained additional financing with company’s bank to restructure balance sheet despite difficult circumstances and weak operating history.

Identified cause of weak profitability and cash flow issues, and made recommendations to owner.

Private ambulance service company

Private ambulance service company with $4.5 million in revenues

Financial consultant initially engaged for the purpose of obtaining bank financing.

Corrected financial reporting issues reflecting company’s true profitability versus previously perceived operating losses.

Obtained $650,000 in total bank financing after company had been previously turned down for $30,000 loan.

Identified source of company’s cash flow issues was actually slow receivable collections, versus “over staffing” as Management was previously advised.

Identified below-market wage rates were creating hiring difficulties and abuse of overtime by employees.