Summary
Overview
Work History
Education
Skills
Timeline
Generic

MEG M. WATEL

Georgetown

Summary

Seasoned Finance executive with significant financial and accounting experience specializing in developing financial and operating strategy, oversight of financial planning, analysis, modeling and fund-raising activities, supervision of accounting, treasury and tax functions and implementation of a strong internal control environment. Ability to achieve outstanding results through “hands-on” leadership approach combined with excellent team collaboration and communication skills.

Overview

29
29
years of professional experience

Work History

CHIEF FINANCIAL OFFICER

Green Conversion Systems, Inc
02.2014 - 02.2021
  • Developed financial models for potential SPV's, meet with prospective investors; provide financial due diligence requests and determine valuation scenarios.
  • Established website with links to strategic partners for investors.
  • Managed debt relationships – Review/craft legal documents, Promissory Notes, correspondence and interactions with investors.
  • Collaborated with internal groups – Engineering, BD to develop and manage project timelines and corresponding costs/cash requirements for projects ($50 Million+).
  • Private, Portfolio, Responsible for all Financial and Accounting responsibilities including strategic and financial planning, financial reporting, G/L, A/P, A/R, payroll, audit and taxation.
  • Implemented financial turnaround for largest WtE plant in the U.S. including billing and collection improvements with municipal client to significantly enhance cash position.
  • Responsible for all Financial and Accounting responsibilities including strategic and financial planning, financial reporting, G/L, A/P, A/R, payroll, audit and taxation.
  • Handled federal and state regulatory reporting including federal tax return, state income tax returns, franchise tax returns, payroll 941's etc.
  • Established financial procedures streamlining financial processes to reduce costs, ensure proper and consistent GAAP reporting, improve billings & collections and document controls safeguarding assets.

CHIEF FINANCIAL OFFICER

Severn Trent Services, Water Purification, Severn Trent DeNora LLC, Services, Inc
04.1998 - 11.2013
  • Responsible for oversight of the following financial, accounting and other functions in the United States (400 projects in 28 states), Italy, Singapore, Japan, China, Spain, and U.K including compliance with specific country regulatory requirements (tax and reporting).
  • Responsible for strategic five-year, one-year plan, KPI Dashboard and capital plan including tracking and reporting. Coordinated monthly management reporting/performance tracking/variance analysis.
  • Performed financial pre-acquisition due diligence for acquisitions (14) from identification to purchase and full integration into financial systems including pre-acquisition due diligence, valuation modeling (with sensitivities), identification of risks/opportunities with mitigation plans, financial input into SPA/APA legal documents.
  • Handled all aspects of companies to be divested including negotiation with buyer, legal documents, due diligence, transition and post-closing activities (tax, state withdrawals).
  • Supervised post-acquisition financial integration including system migration, staff evaluation, financial procedures and consolidation (including merging and dissolving legal entities, where necessary).
  • Responsible for board package preparation and presentation including S-T forecasting and tracking, cash projections and dividend recommendations.
  • Provided oversight of General Accounting process including monthly close and reporting processes, Accounts Payable including internal controls/approvals guidelines/vendor relations, Accounts Receivable including revenue recognition controls and policies, best-practice collection activities improving DSO's from 150 to 39 ($45M improvement).
  • Provided oversight of payroll function for biweekly payroll for 1000+ employees including processing (Exempt/Non-Exempt), tax filings, W-2's, federal & state reporting.
  • Coordinated benefit design/administration/procurement and ensured regulatory compliance - federal, ERISA, etc.
  • Developed employee policies and procedures ensuring respectful, fair and consistent treatment across multiple states/locations.
  • Provided oversight of internal control environment including development of accounting policy and procedures (with operational input, streamlined efficiency), coordination of operational reviews to ensure adequacy of controls, and coordination of internal and external audits.

INTERNATIONAL CONTROLLER

Aeromexico Airlines
12.1991 - 04.1998
  • Oversaw $50 million securitization (debt financing) including pre-work, road show presentations, legal agreements and post reporting activities.
  • Responsible for supervision of all Finance functions in the U.S. and Europe including Financial Planning, Treasury, Revenue Accounting and General Accounting.
  • Responsible for supervision of HR, Legal and MIS functions in the U.S.
  • Implemented results-driven/goal-oriented finance culture resulting in a high-performing stream-lined Finance team.
  • Responsible for coordinating internal and external audits; provided oversight for tax activities in multiple jurisdictions (states/countries).
  • Established strong internal control environment.

Education

MBA BBA - Accounting

University of Texas, Texas A&M University

Skills

  • Financial Reporting
  • Budgeting/Financial Analysis/Modeling/KPI's Dashboard Management
  • Cash and Funding Management
  • Tax and Regulatory Reporting (28 States/Federal)
  • General Accounting Process
  • A/P, A/R, Payroll
  • Internal Controls Environment
  • Balance Sheet Management
  • Staff Development and Goal Setting/Tracking

Timeline

CHIEF FINANCIAL OFFICER

Green Conversion Systems, Inc
02.2014 - 02.2021

CHIEF FINANCIAL OFFICER

Severn Trent Services, Water Purification, Severn Trent DeNora LLC, Services, Inc
04.1998 - 11.2013

INTERNATIONAL CONTROLLER

Aeromexico Airlines
12.1991 - 04.1998

MBA BBA - Accounting

University of Texas, Texas A&M University

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MEG M. WATEL