Michael Losak
Kew Gardens
Summary
Results-driven Chief Financial Officer with expertise in financial analysis and team leadership. Implements financial controls and mentors finance teams to enhance profitability and drive strategic growth. Experienced in strategic planning and financial oversight, with strong skills in communication and problem-solving to support organizational success.
Overview
1
1
Certification
38
38
years of professional experience
Work History
Chief Financial Officer
Poly-Pak Industries Inc.
Melville
06.1993 - 05.2026
- Directed financial planning and analysis, facilitating business growth strategies.
- Created annual budgets and monitored performance against them to ensure objectives were achieved.
- Managed budgeting processes to directly support organizational goals and objectives.
- Oversaw cash flow management, ensuring financial stability and liquidity.
- Oversaw cash flow management activities, ensuring timely processing of accounts receivable and payable, payroll administration, and banking functions.
- Directed the preparation of timely and accurate financial statements in accordance with Generally Accepted Accounting Principles.
- Directed audits and ensured adherence to regulatory standards across operations.
- Managed relationships with external auditors, bankers and investors to ensure compliance with all regulations.
- Implemented financial controls to enhance compliance and reporting accuracy.
- Established policies related to internal controls over accounting systems as well as financial processes within the organization.
- Ensured compliance with federal, state and local laws regarding taxation and reporting requirements.
- Developed risk management frameworks to mitigate potential financial threats.
- Implemented risk management strategies designed to protect assets while mitigating potential losses.
- Collaborated with executive team on strategic initiatives and investment opportunities.
- Evaluated new business opportunities from a financial standpoint in order to determine the viability of projects.
- Identified cost saving measures through analysis of existing operational procedures.
- Conducted regular financial reviews of operations to identify areas for improvement in terms of cost savings or process improvements.
- Analyzed business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses.
- Monitored economic conditions in order to provide insight into potential impacts on the organization's finances.
- Prepared detailed reports for executive leadership regarding key performance indicators such as sales growth or expense ratios.
- Mentored finance team members to foster professional development and expertise.
- Collaborated with business unit managers to prepare annual financial reports, tax returns, and pension plan financial statements.
- Oversaw corrective action plans to remedy structural, organizational and departmental issues.
- Recruited, trained and managed staff responsible for accounting functions within the organization.
- Negotiated favorable payment terms with vendors while maintaining a positive working relationship with suppliers.
- Reviewed contracts prior to execution by the company to ensure they are financially sound decisions.
- Modified comprehensive financial reporting package to reflect growing organizational complexity and managed financial reporting processes to validate internal and external financial results align with GAAP.
- Restructured outstanding debt, decreasing annual interest expenses and improving financial flexibility.
- Collaborated with IT department on implementation of software solutions that streamline financial processes.
- Minimized losses by improving financial strategies to improve corporate position.
- Completed analysis of company financial data and produced industry reports outlining metrics and results.
- Analyzed operational processes and implemented continuous improvement initiatives to promote profitability and efficiency.
- Reviewed contracts prior to execution by the company to ensure they are financially sound decisions.
- Completed analysis of company financial data and produced industry reports outlining metrics and results.
- Developed corporate risk management programs by establishing strict documentation and financial guidelines and spearheading risk management committee.
- Oversaw corrective action plans to remedy structural, organizational and departmental issues.
Senior auditor
Trager, Glass and Co.
New York
02.1988 - 05.1992
- Developed audit plans to outline scope and objectives for engagements.
- Conducted special investigations into suspected fraud or misappropriation of assets by employees or vendors.
- Collaborated with clients to gather information and clarify audit findings.
- Mentored junior auditors on auditing techniques and best practices.
- Prepared comprehensive reports detailing audit results and recommendations.
- Prepared detailed reports summarizing audit results for senior management review.
- Communicated findings clearly to stakeholders through presentations and discussions.
Education
Bachelor of Arts - Accounting
Hofrstra University
Long Island NY06-1982
Certification
- CPA
Timeline
Chief Financial Officer
Poly-Pak Industries Inc.
06.1993 - 05.2026
Senior auditor
Trager, Glass and Co.
02.1988 - 05.1992
Bachelor of Arts - Accounting
Hofrstra University