Plus years of Accounting Experience
Russell Libby
Windham
Summary
Dynamic finance professional with extensive expertise in financial strategy and corporate governance. Recognized for driving fiscal efficiency and implementing robust financial controls that enhance organizational performance. Proven ability to collaborate with diverse teams and adapt to evolving business environments, excelling in financial reporting and strategic planning to support informed decision-making. Committed to delivering innovative solutions that align financial objectives with overall business goals.
Overview
10
10
Work History
CHIEF FINANCIAL OFFICER
SEA SALT, LLC
08.2023 - Current
- Led the overall financial strategy for a $30M+ seafood wholesaler.
- Successfully increased Gross Profit Margin by 6% over two years, and expanded Net Profit Margin by 2% through a comprehensive cost-reduction strategy, including procurement optimization and improved pricing analytics.
- Designed and implemented a strong system of internal controls and segregation of duties to safeguard company assets.
- Developed an advanced FP&A function, providing highly accurate revenue and cost forecasts, critical for managing volatile market pricing.
- Partnered with operations, sales, and procurement to drive profitability, reduce shrinkage, and scale into four new international markets.
- Ensured strict adherence and compliance with food safety (HACCP) and state/federal regulations, with zero audit findings over the course of the last two years.
- Oversaw all financial operations: budgeting, COGS, inventory optimization, accounts receivable/payable, payroll, and regulatory reporting (state/federal, tax planning). Managed external relationships (auditors, regulators, accountants), and led internal reporting with timely, accurate financial statements.
- Recruit, develop, and retain talent; establish performance metrics, and engagement strategies to support growth.
- Accelerated cash flow and liquidity by successfully securing a 400% increase in the bank line of credit to facilitate seasonal inventory purchases, and minimize the cash conversion cycle by reducing collections from 45 days to 28 days, and extending supplier terms.
- Streamlined financial operations through external reporting optimization and consolidated financial statements, reducing the monthly closing cycle from 15 days to an average of 3 days.
- Reduced cost of goods sold (COGS) as a percentage of revenue through cost-saving measures in sourcing and logistics, and improved inventory turnover by implementing new control systems, reducing both inventory loss and tied-up capital.
REAL ESTATE ASSOCIATE BROKER
COLDWELL BANKER REALTY
05.2022 - Current
- Drove significant sales volume by expertly representing buyers and sellers in residential transactions across the state of Maine, consistently closing with an average price of $650,000.00.
- Maximized client value through the development of precise, data-driven pricing strategies, through comprehensive comparative market analyses (CMAs), and local market trend tracking.
- Expertly negotiated complex offers, repairs, and contingencies, consistently achieving terms that maximized client profit and minimized risk.
- Coordinated multi-stage contract-to-close workflows (inspections, appraisals, financing), ensuring seamless transitions and reducing closing delays through proactive collaboration with mortgage brokers, attorneys, and lenders.
- Managed all contract-to-close documentation and procedures to maintain strict adherence to Maine state laws, MLS rules, and brokerage regulations.
BOOKKEEPER – SOLE PROPRIETOR
ALL-INCLUSIVE SOLUTIONS, LLC
10.2016 - Current
- Managed full-cycle bookkeeping and strategic financial advisory for a portfolio of 10+ diverse small and medium-sized businesses across the state of Maine.
- Systematically documented and categorized all financial transactions within QuickBooks Desktop and QuickBooks Online.
- Prepared and delivered comprehensive monthly, quarterly, and yearly financial reports (Balance Sheets, P&L, Cash Flow Statements) to enable accurate business assessment.
- Conducted rigorous bank, credit card, and general ledger reconciliations to ensure data integrity, and promptly detect and resolve discrepancies. Ensured client readiness for tax season by managing year-end close procedures, and organizing documentation.
- Developed detailed financial models, forecasts, and operating budgets in collaboration with clients to optimize resource allocation and project future performance. Coordinated with business owners to recommend cost-saving strategies, and ensure long-term financial stability.
- Improved cash flow through successful management of accounts payable and accounts receivable cycles, achieving a 10-day reduction in the average days sales outstanding (DSO) across the client base, significantly improving operating cash flow.
- Provided critical budget vs. Actual analysis and recommendations that directly contributed to a 15% reduction in non-essential operating expenditures for two key business clients.
- Maintained 100% client retention through timely, accurate reporting, and proactive service, successfully scaling the practice by onboarding four new clients within one year.
CONTROLLER
CBS LOBSTER, INC.
06.2015 - Current
- Spearheaded financial planning, accounting operations, and regulatory compliance, directly supporting executive leadership in strategic decision-making and risk management for a multi-functional organization.
- Managed the entire financial cycle, including ownership of Accounts Receivable (AR), Accounts Payable (AP), payroll processing, and cash flow management.
- Directed and coordinated all accounting operations, ensuring compliance with GAAP/IFRS, and managing the timely and accurate preparation of internal and external financial statements and reports.
- Led the annual budgeting process, variance analysis, and monthly forecasting efforts, providing management with deep insights into profitability drivers and cost centers.
- Investigated and resolved complex financial and operational discrepancies, implementing controls to mitigate future risk across all business units.
- Oversaw all state and federal regulatory reporting, including strategic tax planning and compliance (corporate and sales tax).
- Managed all aspects of Human Resources (HR), including recruitment, hiring, training, performance management, and maintaining accurate HR records, and legal compliance.
- Directed IRP/IFTA fleet reporting, managed accurate mileage records, and coordinated necessary fleet repairs and preventative maintenance to ensure operational readiness and compliance. Successfully managed two full-scale regulatory audits (e.g., DOT, IRS, State Tax), ensuring zero non-compliance penalties through meticulous preparation and policy adherence.
- Negotiated favorable terms with key vendors, and managed AR collections, directly improving the organization's working capital position.
ACCOUNTING/BOOKKEEPER
MACPAGE, LLC
01.2014 - 06.2015
- Prepared asset, liability, and capital account entries by compiling and analyzing account information.
- Documented financial transactions by entering account information into QuickBooks, and prepared financial reports.
- Completed bank reconciliations to detect and adjust any financial discrepancies.
- Prepared and finalized income taxes for corporations, individuals, partnerships, and trusts.
- Process bank reconciliations and financial reports to verify the practice of due diligence.
- Handle cash and deposits using proper accounting procedures and documentation.
- Analyze cost control, and provide timely financial information to support corporate goals.
Education
Bachelor of Science - Business Management
Kaplan University
South Portland, ME06.2015
Bachelor of Science - Accounting
Kaplan University
South Portland, ME06.2015
Skills
- Strategic Financial Planning & Forecasting
- Cash Flow Management & Working Capital Optimization
- Financial Controls, Compliance, and GAAP
- Financial Modeling, Analysis & Decision Support
- Accounting, Bookkeeping, AR/AP, Reconciliations
- Inventory & COGS Optimization
- Tax Planning & Regulatory Reporting
- Payroll, Budgeting & Resource Allocation
- Internal Audit, Risk Management & Loss Prevention
- Data Analysis, Excel (Advanced), QuickBooks
- Cross-Functional Leadership
- Research, Investigation, Resolution
Key Coursework
- Corporate Finance
- Managerial Accounting
- Economics
- Financial Accounting
- Quantitative Methods
- Organizational Behavior
- Business Law and Ethics
- Financial Statement Analysis
Awards
- Presidents List - 9 Terms
- Member of the National Society for Collegiate Scholars
- Alpha Beta Kappa Honor Society
- Golden Key International Honor Society
Timeline
CHIEF FINANCIAL OFFICER
SEA SALT, LLC
08.2023 - Current
REAL ESTATE ASSOCIATE BROKER
COLDWELL BANKER REALTY
05.2022 - Current
BOOKKEEPER – SOLE PROPRIETOR
ALL-INCLUSIVE SOLUTIONS, LLC
10.2016 - Current
CONTROLLER
CBS LOBSTER, INC.
06.2015 - Current
ACCOUNTING/BOOKKEEPER
MACPAGE, LLC
01.2014 - 06.2015
Bachelor of Science - Accounting
Kaplan University
Bachelor of Science - Business Management
Kaplan University