Senior Financial Executive – Real Estate and Construction background - Extensive experience leading and advising organizations through start-up, high growth and turn-around scenarios. Solid background in acquisitions and dispositions, strategic planning, negotiating and a record of developing highly performing teams. Accomplished in analyzing, structuring and executing large scale transactions, senior management presentations, and financial modeling. Will thrive in a dynamic environment, with a history of maximizing profitability and cash flow.
____________________________________________________________________________________________
PROFESSIONAL EXPERIENCE
ALLETE PROPERTIES, Fort Myers, Florida Jan 2007 to present
CFO and SENIOR VP
ALLETE Properties, a subsidiary of ALLETE Inc, (“ALE†NYSE) has real estate development operations throughout Florida. The company acquires large portfolios of real estate assets, enhances asset values by adding development rights and infrastructure, and resells property to non-residential and residential developers and builders.
• Responsible for all financial aspects of the business including capital management, treasury and financing, tax planning, financial forecasting, budgeting, SEC reporting, GAAP and SOX compliance.
• Acquisition analysis including due diligence, financial modeling, tax and deal structuring for large land and entity acquisitions.
• Presentation of major transaction proposals to senior management of parent company.
• Sales contract, lease reviews and other transaction structuring. Property dispositions.
• Presentations to Board of public company and audit committee participation.
• Responsible for relationship with external auditors and bankers.
• Improved efficiency and effectiveness of financial services personnel and systems.
• Introduced cash management and job cost (land development) control disciplines.
KB HOME, Fort Myers, Florida 2004 - 2006
VP FINANCE, Fort Myers Division
Start-up division of top 5 national homebuilder which grew from 0 to 400 units in three years.
• Recruited to provide fiscal leadership for rapidly growing region in Florida.
• Developed and executed strategies for improving division performance with a high focus on operations. Responsible for business planning, home and options pricing, permitting and starts, home closings as well as forecasting, budgeting, reporting and cost control. Actively participated in the land acquisition and development processes, and monitoring the land pipeline. Oversaw purchasing contracts administration, construction costs and options studio.
• Hired and developed high performing teams and individuals. Options studio team became most profitable of over 30 divisions under my direction. Developed first class escrow closings team greatly improving customer satisfaction and home delivery reliability, as evidenced by major improvements in Customer Survey scores. Responsible for over 15 associates.
• Made significant impact on division results and credibility, including major increases in profit margins. Implemented targeted pricing based on competitive market analysis, strict budgeting and cost control measures, land development expenditure controls and bottom line accountability.
• Introduced processes to reduce field variance purchase orders by over $1M. Improved home sale to construction start cycle by 60 days. Implemented goals and incentive programs for sales, construction starts, production and delivery of homes to meet division goals.
CENTEX CONSTRUCTION COMPANY, Washington D.C. 2000 - 2004
CFO and VP, Mid – Atlantic Division
General contractor and construction manager, subsidiary of Centex Corporation, acquired by Balfour Beatty of the UK in 2007. Division participated in hard bid, negotiated, and contract fee work, and had revenues in excess of $300M. Recruited by former CEO of Kvaerner Construction.
• Member of Executive Committee and corporate CFO Task Force. Responsible for all financial services and risk management functions, including insurance, bonding and lien release functions. Used specialized construction accounting including percentage of completion accounting.
• Introduced financial modeling and forecasting to guide organization to profitability and cash flow goals while maintaining effective cost control. Instituted disciplined reporting and financial controls for large complex $100M+ construction projects; for example, the $1.2B annex and renovation of National Institutes of Health main campus in Bethesda, MD, and the $100M underground U.S. Capitol visitor’s center.
• Construction contract negotiations with a focus on financial and risk management, improving risk/return relationship adding millions of dollars to the bottom line. Implemented profit producing Insurance “Wrap-Up†programs.
• Developed and implemented “Balanced Score Card†metrics focusing senior management on financial as well as non-financial business drivers.
• Created and presented formal financial training programs to engineering staff.
KVAERNER ASA & predecessor TRAFALGAR HOUSE PLC 1988-2000
An international group of companies headquartered in London, England.
KVAERNER CONSTRUCTION, INC, Tampa, FL 1997-2000
CFO and SVP
General Contractor and Construction Manager; acquired by Skanska.
• Hand picked with CEO to lead turn-around scenario for parent company.
• Settled several multi-million dollar contractual disputes through ADR, saving company millions of dollars.
• Overhauled company personnel, processes and systems top to bottom.
• Introduced early “Green Building†program.
KVAERNER INC, New York, NY 1996-1997
REGIONAL CFO and VP NORTH AMERICA
North American Holding Company with companies engaged in engineering (John Brown, Davy),
construction, real estate, and Cunard Cruise Lines.
• Hand picked for special role to oversee all North American companies with revenues of $1.5B.
• Uncovered hidden losses and significant exposures at a subsidiary, Kvaerner Construction Inc. This led to my reassignment as Kvaerner Construction CFO.
TRAFALGAR HOUSE PROPERTY, INC, Princeton, NJ
REGIONAL CFO and SVP – VA, MD, NJ, PA 1989-1996
Homebuilding, residential and commercial development; acquired by Beazer Homes and Toll Brothers
in 1998.
VP FINANCE - NJ Homebuilding Division 1988-1989
• Responsible for financial services, accounting, tax, risk mgmt, legal, information technology and human resources for 3 residential/homebuilding companies, a land development company with a 2000 acre mixed-use tract, and a NYC commercial office bldg. developer. Staff of 40, including 4 VP’s of Finance. US and UK GAAP reporting including foreign exchange.
• Financial presentations to senior management of UK public company in London.
• Structured Joint Ventures and other large transactions. Maximized income tax attributes of multi-million dollar transactions.
• Key player in strategic merger, acquisition and disposal activities.
• Participated in growth from 0 to1000 units and to 35th on Builder Top 100 list.
DELOITTE AND TOUCHE, New York, NY 1984-1988
AUDIT MANAGER - “Fast Track†promotion to Manager
Manufacturing, real estate development and construction clients.
Job cost and process cost accounting.
Income tax planning and compliance work.
EDUCATION
B.S.C. Accounting, Rider University
Lawrenceville, NJ
PROFESSIONAL ASSOCIATIONS
Certified Public Accountant State of New Jersey
Urban Land Institute
Lee County Builders Association (NAHB affiliate)
Southwest Florida Chamber of Commerce
Real Estate Investment Society
NukeJobs is a nuclear jobs board that provides nuclear job seekers access to international directories of Nuclear Employers, Nuclear Resumes and Nuclear Jobs such as Nuclear Engineer Jobs, Nuclear Construction Jobs, Nuclear Power Plant Jobs, Nuclear Medicine Jobs, Nuclear Pharmacy Jobs, Nuclear Security Jobs, Nuclear Physics Jobs, Nuclear Reactor Jobs, Nuclear Material Jobs, Nuclear Safety Jobs, and Nuclear Waste Jobs.