Richard Degeneffe
CFO
Kewaunee,WI
Summary
Dedicated Chief Financial Officer familiar with financial decision making and company-wide policy development. Talent for overcoming operational issues and driving proactive improvements. Offering 10 years' experience in financial leadership. Pragmatic professional with solid experience in leadership roles.
Overview
38
38
years of professional experience
6
6
years of post-secondary education
Work History
CFO
Bay Auto Parts Inc.
Green Bay, WI
10.2015 - Current
- Refined internal control procedures, strengthening overall integrity of financial data captured within system.
- CFO over three locations with revenues over 20 million dollars annually.
- Directed human resources and payroll containing 90- 100 employees.
- Spearheaded implementation of new financial reporting system, resulting in more accurate and timely data for decision-making purposes.
- Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within organization.
- Managed relationships with external auditors, ensuring smooth and efficient annual audit process with minimal findings or issues identified.
- Collaborated cross-functionally with other departments to drive process improvements that positively impacted bottom-line results.
- Mentored finance team members, fostering culture of professional growth and skill development within department.
- Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
- Optimized working capital levels by closely monitoring accounts receivable/payable balances and taking appropriate actions as needed.
- Championed adoption of new financial technologies, keeping organization at forefront of industry advancements while maximizing efficiency in daily operations.
- Streamlined financial processes by implementing automation and reducing manual tasks, leading to increased efficiency and accuracy.
- Facilitated successful mergers and acquisitions by conducting thorough due diligence analyses and providing strategic guidance throughout process.
- Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
- Oversaw preparation and submission of all tax filings, mitigating potential risks associated with noncompliance.
- Presented financial results to board members and investors during quarterly meetings, maintaining transparency in communication regarding company performance.
Corporate Controller
Vorpahl Fire And Safety
Green Bay, WI
09.2014 - 07.2015
- Oversaw treasury functions including cash management activities, optimizing working capital levels for maximum return on investment while minimizing risk exposure.
- Led company through 2 sales tax audits and 1 State Income Tax audit.
- Ensured compliance with regulatory requirements through diligent oversight of internal controls and risk management practices.
- Enhanced financial reporting accuracy by implementing streamlined processes and procedures.
- Leveraged advanced analytics tools to generate insightful reports for executive leadership, aiding in strategic decision making.
- Assisted executive team in decision-making by providing accurate and timely financial analysis.
- Managed external audits effectively, resulting in clean audit opinions year after year.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Supervised and guided accounting staff.
- Created and distributed reports on internal and external finances, audits, and budgets.
- Prepared balance sheets, cash flow reports and income statements.
- Updated and reviewed financial reporting packages and managed financial reporting processes.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Managed outstanding balance amounts by evaluating reports and determining collection statuses.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
Corporate Vice President Operations
Degeneffe Enterprises Inc.
Fort Collins, CO
06.1986 - 01.2000
- Managed operations of 3 hotels in Wisconsin and Colorado.
- Directed their staff of over 50 employees and their department managers.
- Organized, financed, and directed construction and opening of franchised hotel in Fort Collins Colorado.
- Spearheaded innovation efforts, identifying areas for growth within existing markets or potential new ones.
- Increased company revenue by developing and implementing strategic business plans.
- Expanded market share through targeted marketing campaigns and strategic partnerships.
- Built strong relationships with key stakeholders to facilitate collaboration and support ongoing success.
- Managed cross-functional teams to drive organizational growth and achieve key objectives.
- Implemented data-driven decision-making processes to optimize resource allocation and maximize results.
- Oversaw mergers and acquisitions, ensuring seamless integration of new companies into existing structures.
- Negotiated favorable contracts with suppliers, resulting in improved profit margins for organization.
- Enhanced customer satisfaction by addressing concerns proactively and implementing effective solutions.
- Streamlined operations for improved efficiency by reorganizing departmental structures.
- Set performance targets for each department which led to increased profitability across all divisions.
- Improved financial reporting accuracy by implementing advanced accounting systems that reduced errors in financial statements.
- Directed risk-management strategies that protected company assets from potential liabilities.
- Led team to achieve top performance, providing coaching and guidance on best practices.
- Fostered new business through participation in trade shows and initiating communications with prospective clients via phone and email .
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Managed financial, operational and human resources to optimize business performance.
- Maintained P&L and shouldered corporate fiscal responsibility.
- Monitored key business risks and established risk management procedures.
- Oversaw divisional marketing, advertising and new product development.
- Represented organization at industry conferences and events.
- Established and maintained strong relationships with customers, vendors and strategic partners.
Education
MBA - Accounting, Finance And Management
Keller Graduate School of Management
Greenwood Village, CO 03.2010 - 09.2012
Bachelor of Science - Technical Management
DeVry University
Greenwood Village 03.2008 - 10.2009
Associate of Arts - Accounting
University of Phoenix
Phoenix 05.2006 - 12.2007
Skills
Audit Coordination Abilities
Affiliations
Vice President - Fort Collins Convention and Victors Bureau
President - Northern Colorado Innkeepers Association
Silver Ram Member - Colorado State University
Timeline
CFO
Bay Auto Parts Inc.
10.2015 - Current
Corporate Controller
Vorpahl Fire And Safety
09.2014 - 07.2015
MBA - Accounting, Finance And Management
Keller Graduate School of Management
03.2010 - 09.2012
Bachelor of Science - Technical Management
DeVry University
03.2008 - 10.2009
Associate of Arts - Accounting
University of Phoenix
05.2006 - 12.2007
Corporate Vice President Operations
Degeneffe Enterprises Inc.
06.1986 - 01.2000
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