Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic
Jared Kostick

Jared Kostick

Armonk,NY

Summary

Financial Executive and Business Consultant with proven experience in business development, from $20 million to $300 million in annual revenues. Offering keen financial acumen to lead businesses to profitability in both lean times and periods of growth. Known for excellent recruiting, hiring and managing high-performance teams. Experienced in finance and accounting, operations, supply chain, and human resources.

Overview

24
24
years of professional experience
1
1
Certification

Work History

Senior financial consultant

MMG Advisory
01.2021 - Current
  • Senior financial consultant working with clients including:
  • Interim CFO Alba - Wheels Up International, LLC
  • Senior executive providing operational and financial leadership for a $300 million private equity-held international freight forwarding company
  • Brought on specifically to navigate the post-acquisition transition from a privately held company (with limited operational and financial processes and reporting in place) to a private equity held company with process and reporting responsibilities associated with debt and investors.
  • Interim Divisional CFO MG Security Services
  • Senior executive providing operational and financial leadership for a $60 million division of a private equity-held international security services firm
  • Brought on specifically to navigate the post-acquisition transition from a privately held company (with limited operational and financial processes and reporting in place) to a private equity held company with process and reporting responsibilities associated with debt and investors.

Divisional Chief Financial Officer

Harrison Scott Publications, Inc. & Green Street Advisors
03.2020 - 12.2020
  • Operational business partner for all segments of the Company (Revenue, Operations, Human Resources)
  • Oversaw budgets, payroll, and accounts payable and receivable.
  • Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
  • Responsible for all accounting and finance functions, including:
  • Transition to new ERP/accounting software (Sage to NetSuite) and operations/CRM software (Quickfill to Salesforce).
  • Developed and presented the 5-year fiscal plan to the senior leadership team.


Senior executive

Harrison Scott Publications, Inc. & Green Street Advisors
07.2019 - 12.2020
  • Senior executive providing operational and financial leadership for a $20 million privately held international publishing company
  • Brought on specifically to navigate the sale of Harrison Scott to its eventual buyer Green Street Advisors
  • Accountable for strategic planning, development, and leadership of the entire finance department after a significant misappropriation of assets
  • Upon acquisition, I remained with Green Street to assist in the transition from Harrison Scott to Green Street.

Chief Financial Officer

Harrison Scott Publications, Inc. & Green Street Advisors
07.2019 - 02.2020
  • Responsible for all accounting, finance, and operations functions, including:
  • Managing the operations of the sale of Harrison Scott (at an above-market EBITDA multiple).
  • Providing financial leadership and operational support as a direct business partner to the Company's owners and other management.
  • As a result of the misappropriation of assets:
  • Implemented financial controls for the Company where they were previously non-existent.
  • Performed forensic techniques to determine the extent of the misappropriations.
  • Develop performance measures that support the Company's strategic direction.
  • Managed the operational groups including Human Resources, Legal, Logistics, and IT.
  • Developed and presented the fiscal year budget for approval by the ownership.
  • Income Statement
  • Balance Sheet
  • Cash Flow
  • CAPEX.
  • Responsible for overseeing the month-end close
  • Including developing new processes for:
  • Accounts payable – Implemented new approval processes
  • Accounts receivable – credit limits and collection processes
  • Inventory – Management and valuation
  • Employee expense policies.
  • Responsible for the treasury/cash management function of the Company.
  • Responsible for management of the human resources functions including:
  • Payroll
  • Commissions
  • Benefits.

Vice President of Finance and Accounting

Autarkic Holdings, Inc.
04.2018 - 12.2018
  • Executive providing operational and financial leadership for a $150 million, privately held commercial equipment company accountable for strategic planning, development, and leadership of the finance and accounting department
  • Responsible for all accounting and finance functions, including:
  • Management, building, and coaching of the accounting and finance team of 8 people
  • Providing financial leadership and operational support as a direct business partner to various business leaders (Distribution Market, Direct to Consumer Market Segment, and Operations).
  • Develop performance measures that support the Company's strategic direction.
  • Managed the financial aspects of the Company's operational groups including Human Resources, Legal, Logistics, and IT.
  • Developed and presented the Quarterly Financial Reporting to the Ownership Team and Board of Directors.
  • Historical financial statements
  • Management Discussion and Analysis, including company-specific metrics
  • Forecasted Financial Statements.
  • Responsible for overseeing the month-end close.
  • Through improvements in process, I helped to improve to a month-end close period from 35-40 days to 15-20 days.
  • Responsible for the treasury/cash management/cash forecasting function of the Company.
  • Negotiated and structured customer contracts with:
  • Government agencies
  • Distribution network.

Chief Financial Officer

Rauch Industries, Inc.
11.2014 - 04.2018
  • Senior executive providing operational and financial leadership for a $30 million private equity held international consumer products company
  • During my time with Rauch, I helped structure and integrate the acquisition of the Jay Strongwater brand
  • Responsible for all accounting and finance functions, including:
  • Management, building, and coaching of the accounting and finance team of 3 people
  • Providing financial leadership and operational support as direct business partner to the various business leaders (Mass Market, Wholesale, E-commerce, and Operations).
  • Develop performance measures that support the Company's strategic direction.
  • Managed the financial aspects of the Company's operational groups, including Human Resources, Legal, Logistics, and IT.
  • Implemented weekly meetings with the various business leaders where we:
  • Discussed ways to implement strategies into operational success
  • Discussed the success and or failure of their business lines
  • Developed and presented the fiscal year budget for approval by the Board of Directors and Private Equity investors.
  • Income Statement
  • Balance Sheet
  • Cash Flow
  • CAPEX.
  • Forecasting the three-year financial performance of the Company for presentation to the CEO and Board of Directors.
  • Created periodic updates to budget and multi-year plans and insight into risk and opportunities concerning earnings and promotional activity.
  • Responsible for overseeing the month-end close
  • Including developing new processes for:
  • Accounts payable – Implemented new approval processes
  • Accounts receivable – credit limits and collection processes
  • Inventory – Management and valuation
  • Employee expense policies.
  • Responsible for the treasury/cash management function of the Company.
  • Responsible for management of the human resources functions including:
  • Payroll
  • Commissions
  • Benefits.
  • Negotiated and structured various deals for the Company, including:
  • A $10 million revolving line of credit
  • Extended payment terms with various creditors
  • Favorable contracts with consultants and vendors
  • Insurance policies (business and health coverage).
  • Successes include:
  • By entering a new line of credit, we were able to save the Company approximately $200K.
  • Team lead the integration of the update and expansion of the Company's ERP System.
  • Helped to launch a new cash positive Ecommerce site.
  • Implemented operations changes that helped grow EBITDA from $1.5 million to $2.1 million.
  • Notable customers include: Target, Home Depot, Dillard's, Canadian Tire, Macy's, Nordstrom's, CVS, Toys R Us, Pier 1 Imports, and Bloomingdale's.

Vice President of Accounting and Finance

Jonathan Adler Enterprises, llc
02.2013 - 07.2014
  • Executive reporting to the President, providing operational and financial leadership for a $60 million private equity held lifestyle brand accountable for strategic planning, development and leadership of entire finance department
  • Responsible for all accounting and finance functions, including:
  • Providing financial leadership and operational support to the various business leaders (Retail, Wholesale, E-commerce, Licensing, and Operations).
  • Develop performance measures that support the Company's strategic direction.
  • Managed the financial aspects of the Company's operational groups including Human Resources, Logistics, and IT.
  • Developed and presented the fiscal year budget (Balance Sheet, Income Statement, CAPEX, and Cash Flow) for approval by the President and CEO of the Company.
  • Responsible for presenting and reporting accurate and timely historical financial information to the senior executive team, investors, and lenders.
  • Negotiated and structured various deals for the Company.
  • Successes include:
  • By entering into a new line of credit, we could inexpensively avoid the repercussion of poor cash flow that is commonly found with a retail-based organization.
  • Developed accounting policies which allowed the Company to avoid missing difficult to reach financial covenants.
  • Review of the back office functions resulting in:
  • Changes related to the shipping and travel processes that saved the Company in excess $200K in the first year.
  • Improved cash flow by improving collections from 48 to 35 days by instituting certain policies and procedures internally.
  • Implemented a tax-friendly change of accounting year, deferring potential tax payments by over a year.
  • Designed a reader appropriate executive reporting package for our Private Equity investors and Lenders.
  • Designed management monthly reporting package (to President, CEO, and Management Team) and forecasting model, and tailored operating reporting system to meet requirements of 35+ business units.

Senior Manager

WeiserMazars llp
08.2009 - 02.2013
  • Consistently received exceptional performance reviews while supervising and managing consulting teams (of up to 7 professionals) with focuses within Transaction Services, Lender Services, and Royalty and Contract Compliance Groups.
  • Transaction Services Group –
  • Actively identified, structured, and modeled transactions for private equity companies and strategic investors for deals ranging in size from a $2 million to $2.1 billion.
  • Extensive experience interrogating company financial data and identifying adjustments to normalized EBITDA including non-recurring, non-GAAP, and non-cash transactions
  • Provided transaction-oriented accounting and reporting assistance including financial analysis and quality of earnings calculations.
  • Analyzed historical financial and operating results of Target companies to define business trends and identify risks.
  • Interpreted main drivers and key performance indicators having impact on reported profitability.
  • Extensive experience reading and interpreting transaction documents and suggesting edits that resulted in enhanced protection and favorable accounting treatment for buyers and sellers.
  • Created interactive models that include various levels of sensitivity analysis enabling investors to best understand their potential investment.
  • Significant experience analyzing and advising on legal documents including transactions documents service agreements, software contracts, leasing arrangements, and government contracts to identify and extract key terms and conditions that impact accounting treatment of transactions.
  • Drafted sell-side documents including proposal and sales documents.
  • Lender Services Group –
  • Performed collateral examinations on behalf of lenders for loans ranging from $10 million to $4.5 billion.
  • Lenders/Borrowers included: JP Morgan Chase Bank, Citi Bank, Royal Bank of Scotland, Bank Leumi, Rite Aid, Bache & Co.; Sealy Corporation, CDW, and Kindred Healthcare.

Audit Senior

kpmg
05.2002 - 08.2003
  • Served as day to day lead for various client engagements.
  • Notable clients served: Estee Lauder, Treiber Insurance, Four Seasons Sunrooms
  • Developed work plan for testing controls around major business processes including revenue recognition and income and balance sheet accounts.
  • Performed detailed testing in accordance with under AICPA auditing standards for all account balances.
  • Received exceptional performance ratings.

Audit Senior

Arthur Andersen
10.2000 - 05.2002
  • Served as day to day lead for various client engagements.
  • Notable clients served: Estee Lauder, Adecco, Treiber Insurance, The Make-A-Wish Foundation of Suffolk County
  • Developed work plan for testing controls around major business processes including revenue recognition and income and balance sheet accounts.
  • Received exceptional performance ratings.

Education

B.S. Accounting -

University At Albany
Albany
01.2000

Skills

  • Trend analysis expertise
  • Budget Development
  • Quantitative Analysis
  • Operational management
  • Financial Reporting
  • Performance metrics analysis
  • Mergers and Acquisitions
  • Data Analytics
  • Cash Flow Management
  • Microsoft Suite
  • Financial Software including Microsoft Dynamics GP, Sage (Intacct), NetSuite

Certification

Certified Public Accountant - New York State

Timeline

Senior financial consultant

MMG Advisory
01.2021 - Current

Divisional Chief Financial Officer

Harrison Scott Publications, Inc. & Green Street Advisors
03.2020 - 12.2020

Senior executive

Harrison Scott Publications, Inc. & Green Street Advisors
07.2019 - 12.2020

Chief Financial Officer

Harrison Scott Publications, Inc. & Green Street Advisors
07.2019 - 02.2020

Vice President of Finance and Accounting

Autarkic Holdings, Inc.
04.2018 - 12.2018

Chief Financial Officer

Rauch Industries, Inc.
11.2014 - 04.2018

Vice President of Accounting and Finance

Jonathan Adler Enterprises, llc
02.2013 - 07.2014

Senior Manager

WeiserMazars llp
08.2009 - 02.2013

Audit Senior

kpmg
05.2002 - 08.2003

Audit Senior

Arthur Andersen
10.2000 - 05.2002

B.S. Accounting -

University At Albany
Certified Public Accountant - New York State
Jared Kostick