ED SCORDATO, CPA
46 Somerset Drive, Suffern, New York 10901 (845) 659-9811
Executive Summary
Innovative Senior Financial Executive with broad experience in high growth situations energizing the domestic and international operations of public and privately held companies, including construction, consulting and service organizations. Superior financial navigator and strategist for top management. Exceptional communication skills, with the ability to clarify complex financial issues with concrete examples. Talent for leadership and motivation of operating management. Highly computer literate with demonstrated success from recommending and implementing advanced accounting software programs. Big Four experience.
Demonstrated Strengths
- Technical accounting
-Evaluation and integration of acquisitions
-Job costing and budget development
-Cash management, billing and collections
-Cost reduction and containment
-Strategic planning and analysis
Professional Experience
THE CARTERET GROUP, NEW YORK 2005 PRESENT
CHIEF FINANCIAL OFFICER
Report to the CEO of this real estate development and construction company with annual billings of 40 million. Directly supervise staff of 5 in accounting, HR and administration. Develop annual budgets and monitor monthly progress of actual versus budget.
Selected accomplishments
-Implemented job cost reporting system to give more effective control over construction costs
-Negotiated 40 million in bank loan financing for residential construction, land development activities and general operations
-Developed an on-going budget process and strategic business plan
-Administered insurance plans and overall risk management program
ALLCOM ELECTRIC, New York 2001 2004
CHIEF FINANCIAL OFFICER
Monitored progress and profitability of projects for this computer network and electrical services company with annual billings of 60 million. Proactive in receivable collection and monitoring cash flow, including direct contact with clients and project managers. Company is a wholly owned subsidiary of Black Box, a public company with revenues close to 1 billion.
Selected accomplishments
- Expanded job cost reporting resulting in timely analysis of project performance
- Created and implemented billing and collection procedures that resulted in a 60% reduction in receivables and work in process
- Developed internal monthly financial reporting procedure that increased communication with parent company and top management
U.S. INFORMATION SYSTEMS, New York 1994 2001
VP - FINANCE
Complete financial oversight of this telecommunications and construction company with annual billings of 50 million and a staff of 400. Developed and negotiated bank loans and credit lines.
Selected accomplishments
-Implemented a computerized accounting and reporting system that created more effective financial control (Timberline and MAS 90)
-Developed billing and collection procedures that resulted in a 40% reduction in receivables
ED SCORDATO, CPA
Professional Experience Continued
-Implemented new point of service medical insurance plan resulting in savings of 30% while maintaining
same quality coverage
PRIVATE PRACTICE ACCOUNTING 1993 1994
DOVER BUSINESS COLLEGE
ADJUNCT PROFESSOR
Taught highly regarded college-level courses in Finance and Accounting Software to classes of 30 students, while maintaining a private practice in Certified Public Accounting for a variety of business clients.
CREAMER DICKSON BASFORD, New York 1991-1992
CHIEF FINANCIAL OFFICER
Directed human resources, legal and management information service areas. US anchor of Eurocom Corporate and Public Relations, ranked fourth worldwide, with billings in excess of $70 million.
Selected accomplishments
-Created accounting and personnel manuals to standardize policies and procedures
-Developed and conducted financial training programs which strengthened the business management skills of senior officers
MANNING, SELVAGE & LEE, INC., New York 1980-1991
Increasingly responsible financial and operating management positions leading to CHIEF FINANCIAL OFFICER during a period of explosive growth at this top-ranked public relations firm which showed revenues of $40 million and a worldwide staff of 350. The company is a subsidiary of the advertising agency D'Arcy Masius Benton & Bowles.
Selected accomplishments
-Created and implemented a budget and planning system that resulted in a dramatic turnaround with $2 million profit
-Developed a profitability-focused financial reporting system which identified opportunities to improve the "bottom line" by $3 million
-Improved collection record of past due accounts receivable by more than 20 percent
-Designed an incentive compensation plan that enabled the company to attract, motivate and retain key personnel
-Designed and implemented a strategic planning process for twenty international offices which increased profit margins from 9 to 15 percent
-Analyzed all domestic and international acquisitions, developed and tailored strategies and structured the deals (nine acquisitions ranging in size from $1 to $6 million)
-Developed state-of-the-art financial systems including a fully-integrated computer network which enabled the firm to grow from $5 million to $30 million, while maintaining full-financial control
-Planned and executed NYC office relocation, including office lease negotiation, office design and selection of computer network
American Broadcasting Company, New York , Director of Financial Planning 1975-1980 Coopers&Lybrand, NewYork, StaffAccountant 1973-1975
CERTIFICATION/EDUCATION
- Certified Public Accountant - New York
-Member of the New York State Society of Certified Public Accountants
-Member of the American Institute of Certified Public Accountants
-Licensed registered representative (Series 6 and 63)
-Certified Financial Planning Program Pace University
Barnard Baruch College, New York, New York
Bachelor of Arts, Business Administration, Accounting (1973)
COMPUTER SKILLS
MAS 90, Timberline, Peachtree, Quick Books, Excel, PowerPoint, Windows NT Network
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