DOUGLAS M. TORCHIO CPA
Mt. Pleasant,SC
Summary
Results-oriented Finance and HR executive with demonstrated record of accomplishment in streamlining operations, increasing profits and maximizing market penetration. Decisive leader promoting operational improvements, market expansion and positive corporate culture as keys to success.
Overview
16
16
years of professional experience
Work History
President
Quadrant PHR
07.2019 - Current
- Owner and President of Quadrant PHR. Increased new clients and revenue by 20-40% every year since 2019.
- Developed and implemented new strategies and policies to establish long-term business objectives and provide strong and sustainable organizational leadership.
- Monitored financial performance and implemented measures to enforce compliance with budgetary standards.
- Developed and implemented new strategies and policies in collaboration with executive partners to establish and achieve long-term business objectives, providing company with strong and sustainable organizational leadership.
Director of Finance
Hire Quest Inc.
01.2018 - 07.2019
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Set clear departmental objectives and developed effective strategies to achieve targeted goals.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Established and enforced controls on revenue and expenses to protect company assets.
- Analyzed financial data regarding product performance and customer performance and developed reports for key stakeholders.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Oversaw Company growth from 75 franchise locations to 150 franchise locations through acquistions, mergers and organic growth.
Director of Finance and Administration
DEWBERRY HOSPITALITY GROUP
09.2016 - 01.2018
- Managed the finance, accounting and Human Resource departments for a luxury hotel brand in excess of $18mil in annual revenue spanning multiple departments
- Maintained purchase orders process, accounts payable and accounts receivable functions to maximize cash flow management
- Prepared monthly financial statements, budget and forecasts models for the property
- Oversaw and issue quarterly investor reports detailing operations and results
- Calculated and submitted monthly sales and use tax reports in compliance with industry metrics
- Oversaw payroll and benefits administration for approximately 200 active employees
- Produced and managed labor efficiency standards to improve CPOR
- Performed cost management initiatives that improved bottom line performance in excess of $500K in annual expenses, including labor and payroll management, insurance expense reductions and maintenance schedule efficiency.
Corporate Controller
HOMEGROWN HOSPITALITY GROUP
06.2015 - 09.2016
- Managed and oversaw accounting department responsible for the financial and accounting functions of Company with excess of $64mil in annual revenue
- Prepared weekly, quarterly and annual financial statements in compliance with GAAP, including pro forma financials, budgeting comparisons and working in tandem with CPA firm in tax filings for locations
- Member of executive leadership team making key decisions pertaining to strategic and cost effective initiatives.
Manager
JOHNSON LAMBERT LLP
09.2013 - 06.2015
Intern, Associate, Senior Associate
06.2007 - 09.2013
- Served as Manager for 16 annual audits resulting in excess of $650K in annual revenue
- Performed audit testing procedures to receive reasonable assurance as to the validity and reliance of a company’s financial statements and related schedules
- Assisted in the review and preparation of financial statements based on the financial information received from clients that is accurate and correctly prepared.
Education
Masters of Accounting -
NORTH CAROLINA STATE UNIVERSITY
Raleigh, NC5.2008
B.A. - Accounting, Financial Analysis
NORTH CAROLINA STATE UNIVERSITY
Raleigh, NC5.2007
Skills
- Employee Relations
- Financial Management
- Talent Recruitment
- Revenue Generation
- Profitability Optimization
- Business Planning
- Revenue Growth
- Process Improvement
- Project Management
- Financial Planning
- Financial Leadership
- Cost Reduction
Affiliations
Accounting and Industry Societies
AICPA – Member since 2008
Charleston CFO Council – Member since 2015
SCACPA – Member since 2008
SC Captive Insurance Association – Member since 2009
SC Young CPA Leadership Cabinet – Member since 2012
Timeline
President
Quadrant PHR
07.2019 - Current
Director of Finance
Hire Quest Inc.
01.2018 - 07.2019
Director of Finance and Administration
DEWBERRY HOSPITALITY GROUP
09.2016 - 01.2018
Corporate Controller
HOMEGROWN HOSPITALITY GROUP
06.2015 - 09.2016
Manager
JOHNSON LAMBERT LLP
09.2013 - 06.2015
Intern, Associate, Senior Associate
06.2007 - 09.2013
Masters of Accounting -
NORTH CAROLINA STATE UNIVERSITY
B.A. - Accounting, Financial Analysis
NORTH CAROLINA STATE UNIVERSITY