Michael F. Masek
Summary
Goal-oriented financial leader with a demonstrative record of implementing strategic driven initiatives balanced with fiscal responsibility. Proficient in developing efficiency and productivity through evaluation of management systems and implementation of process improvements. Talented leader with the ability to collaborate with stakeholders to support the achievement of the institution's goals.
Overview
35
35
years of professional experience
Work History
President
Jesuit Academy
09.2018 - Current
- Successfully led our school community through an impactful tenure, pandemic, racial unrest, while setting strategic goals, through program design and implementation of structured policies and procedure
- Achieved an outstanding fundraising record, securing annual funds of over $2M to support the school's initiatives, enriching educational programs, and providing critical resources for staff recruitment and retention, in addition to a facilities renovation campaign of $1.5M
- Spearheaded the development and execution of comprehensive forecasting plans and cash flow models, ensuring the school's financial stability and continuous growth
- Provided leadership and constructive feedback to developing staff members, cultivating a high-performing team dedicated to achieving our school's mission and values
Controller
Lutz
10.2013 - 09.2018
- Responsibilities involved supervision of the financial operations of the company
- Key Achievements:
- Developed an in-depth understanding of the operations and performance drivers of five business segments
- Assisted in establishing the annual KPIs; created reporting and management tools for tracking double digit growth
- Collaborated in the implementation and design of a new business segment; established processes and reporting mechanisms to accurately communicate business operations
- Redesigned the internal accounting department's structure; identified, hired, and trained talent, set expectations, and communicated performance results compared to annual goals
- Led the conversion and implementation of the internal accounting software and payroll software systems.
Vice President of Finance & Operations
Creighton Preparatory School
09.2007 - 09.2013
- Responsibilities involved the supervision and oversight of facility operations and management information systems
- Key Achievements:
- Provided planning and financial oversight for the strategic initiatives encompassed in a $37 million “Keeping the Promise” campaign
- Negotiated the structure and financing of a $10M credit facility
- Supervised construction of a health and fitness center, technology center, athletic fields, and plaza
- $20M of new and renovated space
- Met financing goals of the project by value engineering $1.5M
- Managed plant assets of $45M, hired the director and restructured the maintenance crew which lead to significant savings and efficiencies
- Directed the strategic planning of the technology department, hired the director, and redesigned the existing support service model.
Chief Financial Officer
Creighton Preparatory School
09.1999 - 09.2007
- Provided management direction and leadership for the coordination of all financing activities, including cash and debt management, tuition collections, fix asset acquisitions, contract negotiation, risk management, and financial aid allocation
- Key Achievements:
- Developed a ten-year financial forecasting model establishing the school's maximum operating efficiency level and cash flow pro-forma with forecasting scenarios, trigger points, and spending ranges
- Created a “State of the School” balanced scorecard which includes benchmarks and trends for financial achievements of the school
- Refinanced $8M of debt, ensured adherence to bond covenants, fostering a debt rating upgrade by S&P to A-
- Balanced a $12M operational budget for thirteen years, within the complexities of fund accounting, total assets $64M
- Provided oversight to $22M endowment, increased endowed assets through increased operational efficiencies
- Managed finances of a multi-faceted $16M “Prep for the Future” Campaign, which included new construction, renovation, and gift restrictions.
Vice President of Administration
Catholic Social Services
01.1997 - 01.1999
- Responsibilities included strategic planning, personnel functions, and contract negotiations
- Key Achievements:
- Provided the leadership that balanced the strategic and operational plans of behavior health services and community services with the fiscal solvency of the agency
- Included an outreach office in Hastings and a satellite office in McCook
- Developed and managed the systems and procedures for personnel administration by establishing a human resource department and having a supportive role in all aspects of employee management.
Controller
Catholic Social Services
01.1994 - 01.1997
- Responsible for financial operations in all areas of general accounting, accounts payable, accounts receivables, and payroll, as well as, all administrative and financing functions
- Ensured compliance with policies, regulations, and reporting
- Key Achievements
- Implemented an accounting and reporting structure that moved the agency toward formalized policies and proper business practices
- Provided instructional training of fiscal accountability to department directors, resulting in five years of solvency
- Met all reporting requirements of the executive board, Diocese, USCC, Federal, state, and local agencies; in excess of 20 funding sources.
Staff Auditor
KPMG
01.1989 - 01.1991
- Supervised audit teams and special projects
- Acquired an in-depth understanding of the relationship and flow of financial accounting information
- Developed an analytical approach in evaluating financial systems for non-profit, telecommunications, public utilities, insurance and financial institutions
Education
Graduate - Philosophy & Theology
Mount Saint Mary's Seminary
Emmitsburg, MD1994
Bachelor of Science - Business Administration, Accounting
University of Nebraska – Lincoln
Lincoln, NE05.1988
Skills
- Staff Management
- Operations Oversight
- Business Planning
- Employee Relations
- Partnership Development
- Stakeholder Relations
- Strategic Planning
- Financial Planning
- Budget Management
Timeline
President
Jesuit Academy
09.2018 - Current
Controller
Lutz
10.2013 - 09.2018
Vice President of Finance & Operations
Creighton Preparatory School
09.2007 - 09.2013
Chief Financial Officer
Creighton Preparatory School
09.1999 - 09.2007
Vice President of Administration
Catholic Social Services
01.1997 - 01.1999
Controller
Catholic Social Services
01.1994 - 01.1997
Staff Auditor
KPMG
01.1989 - 01.1991
Graduate - Philosophy & Theology
Mount Saint Mary's Seminary
Bachelor of Science - Business Administration, Accounting
University of Nebraska – Lincoln