Daniel J. Richard, CPA
Stamford,CT
Summary
Experienced private equity executive with a strong focus in financial reporting and analysis.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Vice President, Finance & Treasurer,
Vantage Elevation
09.2022 - Current
- Private equity held elevator manufacturer (Ontario Teachers’ Pension Plan & Golden Gate Capital)
- Member of the executive leadership team
- Manage process for financial reporting including monthly income statement, balance Sheet & Cash flow, financial analysis, and financial discussion preparation for board of directors
- Manage General Accounting, Accounts Receivable, Accounts Payable, Payroll, Tax, & Treasury
- Developed a robust monthly closing calendar and standard closing processes across the business units and at the group level that ensures the timely closing and reporting of monthly results. Reduced close time by 5 business days.
- Lead the company adoption of ASC 842
Corporate Controller,
L&R Distributors
12.2021 - 09.2022
- Private equity held beauty product distributor (Platinum Equity)
- Manage process for financial reporting including monthly income statement, balance Sheet & Cash flow, financial analysis, and financial discussion preparation for board of directors Manage General Accounting, Accounts Receivable, Accounts Payable, Payroll & Tax
- Oversee a department of 24
- Finance lead on a $40M, $7.5M EBITDA asset acquisition
- Finance lead on a $75M debt refinance
Corporate Controller,
Colony Hardware Corporation
12.2017 - 12.2021
- Private equity held construction supply company (Audax Capital & Tailwind Capital)
- Led company through a successful exit at 12.5x EBITDA
- Full income statement and balance sheet responsibilities for both finance and accounting
- Manage process for financial reporting including monthly cash flow, financial analysis, and financial discussion preparation for board of directors
- Oversaw the full spectrum of accounting and finance activities, including budgeting, financial reporting, forecasting, and compliance, to support organizational goals and strategic initiatives
- Financial lead on 16 asset acquisitions (Sales ranging from $55M – $2M)
- Business lead for successful implementation of NetSuite
- Lead the company adoption of ASC 842 (Leases)
- Analyze recent performance and trends including monitoring and developing relevant key performance indicators, to provide business & acquisition recommendations
- Assisted in the annual budgeting and monthly forecasting process across the organization
- Developed & maintain a live headcount dashboard
- Created an Operating Expense weekly dashboard which lead to a reduction in operating expenses 4% YoY
- Oversee a team of 9, Including 2 managers
- Security administrator for JPM banking system
- Administer auto, workers compensation and general liability insurance as well as accident reporting with insurance company
- Responsible for balance sheet & headcount forecasting
- Coordinate and supervise company audit processes including annual financial audit, workers compensation audits & income tax audits
Assistant Corporate Controller,
Colony Hardware Corporation
06.2016 - 12.2017
- Participated in special projects, including system implementations and process improvements, leading to increased efficiency within the finance department.
- Assisted in merger and acquisition activities by conducting due diligence on potential targets, evaluating synergies, and integrating acquired businesses smoothly into the company''s operations.
- Ensured compliance with GAAP, SOX, and other regulatory requirements through diligent monitoring and regular audits.
- Collaborated with executive management to establish strategic financial goals and monitor progress toward achieving them.
- Supported annual audit process by coordinating efforts with external auditors to ensure efficient completion within deadlines.
- Identified areas for cost savings by performing thorough expense analysis and recommending adjustments as needed.
- Optimized company tax strategy by collaborating with tax advisors to identify opportunities for reduced tax liabilities while remaining compliant with regulations.
- Enhanced financial accuracy by streamlining accounting processes and implementing effective internal controls.
Senior Accountant,
Tangoe
11.2014 - 06.2016
- Publicly traded held IT expense management firm
- Prepared & reviewed financial statements and analyze revenue and expenses for all businesses across 9 entities
- Created and maintained a consolidated expense analysis which is used to determine key risk factors
- Assisted in the implementation of Oracle Essbase
- Provided management with detailed analysis to identify future trends and develop forecasts
- Provided recommendations on cost saving measures
- Provided management areas of weaknesses and strengths within in cost centers and departments
- Assisted in the filing of 10Q/10K reports
- Monthly consolidation of 9 foreign entities
- Monthly transfer pricing & Mark-to-Market adjustments
- Prepared and maintained a schedule of intangible assets
Accountant,
JNET Communications
05.2013 - 11.2014
- Private equity held telecommunications construction firm (Jefferson Capital)
- Prepared monthly P/L statements for the CFO & Controller Investigated variances between actuals to budget
- Prepared monthly forecasts to investors
- Account Reconciliations
Education
Bachelor of Science - Accounting
Quinnipiac University
Hamden05-2013
Skills
- Forecasting and Analysis
- GAAP Compliance and Audit
- Financial Planning and Reporting
- Mergers & Acquisitions
- Coaching and Mentoring
- Strategic Planning
- Business Development
- Risk Management
- Process Improvement
- Performance monitoring
Certification
Certified Public Accountant
License Number - CPA.9039705 (CO)
Timeline
Vice President, Finance & Treasurer,
Vantage Elevation
09.2022 - Current
Corporate Controller,
L&R Distributors
12.2021 - 09.2022
Corporate Controller,
Colony Hardware Corporation
12.2017 - 12.2021
Assistant Corporate Controller,
Colony Hardware Corporation
06.2016 - 12.2017
Senior Accountant,
Tangoe
11.2014 - 06.2016
Accountant,
JNET Communications
05.2013 - 11.2014
Bachelor of Science - Accounting
Quinnipiac University
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