Divisional Controller

Posted on: 2006-05-30

THEODORE J. MICUCCI 5 Timberfare Circle ▪ Plymouth Meeting, PA 19462 ▪ (610) 279-5394 SENIOR FINANCIAL AND MANAGEMENT PROFESSIONAL Exceptional Finance Experience includes Sales, Operations and Corporate Versatile management professional with extensive experience in driving revenue growth and bottom-line improvement through sound financial management and strategic business planning. Proven track record of capturing cost savings through process redesign and implementation of stringent controls. Held wide-range of financial positions in high-profile corporations. MBA in Finance. Member of Board of Directors. Demonstrated strengths include: - Strategic and Financial Planning - Intricate Pro Forma and Business Modeling - Financial Reporting and Performance Metrics - Centralized Services and Support - Staff Management and Development - Complex Contract Pricing and Structuring - Financial and Operational Controls - Accounting System Conversions –– Known for Ability to Build, Train and Lead High Performance Teams –– CAREER HIGHLIGHTS - Earned exceptional reputation for steadfast focus on fiscal discipline while implementing corporate initiatives. - Developed and implemented financial and operational controls to safeguard assets, improve P&L scenario, ensure corporate policy compliance and improve competitive positioning. - Reduced costs and improved operational efficiency by designing and leading major continuous improvement and corporate restructuring efforts. PROFESSIONAL EXPERIENCE COMMUNICATIONS TEST DESIGN, INC. 2005 – Present ENGINEERING & INSTALLATION DIVISION Divisional Controller Manage over $30 million in annual revenues for this division of a privately held full-service global communications company. Responsible for the integrity of the Division’s financial statements. Actively participates in the strategic, tactical and operational activities of the Division. Understands and communicates Division’s financial results and trends to Division management team, corporate finance and company owners. Recommends appropriate course of action when results differ from plan. Drives Division towards its financial targets. Review major contracts for risk mitigation, and the avoidance of unnecessary costs, as well as assures accounting treatment is in accordance with corporate and GAAP policy. Significant accomplishments include: - Assessed revenue recognition procedure for project accounting. Migrated to % complete method, maximizing monthly revenues while decreasing monthly close cycle by 50%. - Implemented new billing procedures to comply with customer contract increasing cash flow by 25%. - Initiated purchasing QAT, which will develop, document and implement the Divisions’ best purchasing practices while driving cost out of the business. - Exceeded financial objectives in Q1 of 2006: Revenue growth of 55% over Q1 2005 and NIAT of 7.4%. Theodore J. Micucci Page Two VERIZON COMMUNICATIONS, INC. 1999 – 2005 ENTERPRISE SOLUTIONS GROUP Regional Finance Manager Managed nearly $400 million in annual revenues for two non-regulated subsidiaries that offer end-to-end integrated network solutions for Fortune 1000 companies, government and education customers. Provided financial and strategic leadership to 100 management employees, with 4 direct reports. Directed financial and business planning, project management, project accounting, monthly financial closing, financial reporting, contract management, training and administration. Presented monthly operating results to senior management, including recommendations to improve both top and bottom lines. Significant accomplishments include: - Key member of project team that implemented a $15 million Peoplesoft financial system conversion resulting in streamlined processes that reduced close cycle by 33%. - Restructured regional finance team, cutting staff by 30% while raising performance standards. - Designed labor sizing business model which accurately matches staffing needs with booked service revenues, significantly reducing both unproductive time and employee cost. - Formulated competitive pricing strategies for Sales teams in order to attain profitability while maintaining customer satisfaction. - Conducted successful training seminars for the field organizations in business, financial and operations management, resulting in dramatic productivity increases. COMPASS GROUP, INC. 1998 - 1999 EUREST DINING SERVICES, INC. Regional Controller Managed $100 million in annual revenues for the business-dining subsidiary of this managed Food Service Corporation. Provided financial advice and support to RVP and district management in order to assist the region in achieving financial goals and objectives. Developed, analyzed and coordinated reports for senior and operational management, encompassing financial, marketing, human resources and operational statistics and metrics to ensure effective planning and performance evaluation. Audited internal control procedures and insured compliance with corporate policies and procedures. Significant accomplishments include: - Performed investment analysis on new/rebid proposals and negotiated new/existing client contracts to ensure the profitability of the region. - Developed action plans to leverage highly profitable accounts, turn around underperforming accounts and build base business. - Key member of project team that implemented an SAP financial system conversion. Delivered significant cost reductions and control improvements. Reduced close cycle by 25%. Earlier Career: Held various positions of increasing responsibility in finance and accounting at corporations such as Main Street Restaurant Group, Bell Atlantic, Charming Shoppes, ARAMARK and Ramada Inns. EDUCATION MBA Finance – St. Joseph’s University BS Accounting – West Chester University