Robert Frasier
California
Summary
Seasoned Chief Financial Officer focused on helping companies accomplish missions and drive growth. Expansion-minded professional versed in navigating complex financial challenges. Financial Executive and Business Consultant with proven experience in business development, from startup to $65m 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. Dedicated Chief Financial Officer familiar with financial decision making and company-wide policy development. Talent for overcoming operational issues and driving proactive improvements. Offering 20 years' experience in financial leadership.
Overview
20
20
years of professional experience
Work History
CFO
Next Level Finance & Accounting Service
07.2018 - Current
- Strategized with CEOs & department heads to achieve financial goals
- Developed forecasts and cash flow needs for multi-office startup including staff development
- Led team to develop a data visualization platform (Power BI) to generate missing KPI’s
- Revised pricing models, updated the cost system, created a margin report review process to increase margin
- Successfully implemented new accounting software system
- Worked with investment bankers on due diligence and presentations for a successful sell of the business.
CFO
B2B CFO (Partner)
01.2004 - 01.2018
- Streamlined financial processes by implementing automation and reducing manual tasks, leading to increased efficiency and accuracy.
- Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
- Spearheaded the implementation of a new financial reporting system, resulting in more accurate and timely data for decision-making purposes.
- Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
- Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
- Negotiated favorable terms with vendors and suppliers, achieving significant savings on procurement expenses.
- Optimized working capital levels by closely monitoring accounts receivable/payable balances and taking appropriate actions as needed.
- Mentored finance team members, fostering a culture of professional growth and skill development within the department.
- Presented financial results to board members and investors during quarterly meetings, maintaining transparency in communication regarding company performance.
- Collaborated cross-functionally with other departments to drive process improvements that positively impacted bottom-line results.
- Managed relationships with external auditors, ensuring a smooth and efficient annual audit process with minimal findings or issues identified.
- Championed the adoption of new financial technologies, keeping the organization at the forefront of industry advancements while maximizing efficiency in daily operations.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
- Set and monitored effective financial policies to analyze company financial strengths and weaknesses and propose corrective actions.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt, equity and internal financing.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Advised other executive leaders on strategies and intelligence to form relationships, understand current performance and set agenda for execution.
- Devised systems to monitor, evaluate and track operational achievements.
- Developed future financial plans to inform critical decision-making related to spending cuts, rightsizing labor force and timing planned business investments.
- Devised benchmarks to align goals and strategies with underlying financials.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Communicated business performance, forecasts and strategies to investors and shareholders.
Education
Skills
- Strategic
- Forecasting
- Modeling
- Reporting
- KPI’s
- Cash Flow Management
- Leadership
- Analysis & Reconciliation
- Tax & Audit Compliance
- Cost Control
- Performance Metrics Analysis
- Budgeting and Forecasting
- Cost Reduction Strategies
- Debt Financing Expertise
- Working Capital Management
- Cross-functional Team Leadership
- Financial Analysis Expertise
- Financial Process Improvement
- Financial Reporting
- Budget Development
- Operational Management
- Reporting Skills
- Financial Management
- Strategic Planning
- Process Improvement
- Financial Leadership
- Staff Management
Timeline
CFO
Next Level Finance & Accounting Service
07.2018 - Current
CFO
B2B CFO (Partner)
01.2004 - 01.2018
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