Steve Delaney
Simpsonville,SC
Summary
I am a skilled operational finance executive, particularly in the areas of Accounts Receivable, Accounts Payable, Inventory Management, and General Ledger. I love to get in the details and find ways to maximize cash flow, and find more efficient ways of doing business. I have proven leadership abilities, and have been successful in leading both large and small teams. I love to challenge my teammates and those around me to become better versions of themselves professionally. I also have an ability to take complex financial situations and explain them in a simple way so that teammates understand how their area of the business can contribute positively to the overall health of the business.
Overview
28
28
years of professional experience
Work History
Assistant Global Controller
Hubbell Lighting/Current Lighting
2012.07 - Current
- Manage a shared services team responsible for payroll, accounts payable, accounts receivable, and fixed assets for a $1 billion company.
- Worked with banking and finance contacts on obtaining financing for sale of company and ongoing debt covenant reporting.
- Coordinated efforts among global finance teams in China, the UK, Canada, and Mexico to successfully execute annual audits within tight deadlines, minimizing disruption to daily operations.
- Oversaw cash management functions including forecasting, investment decisions, and daily cash positioning for optimal liquidity management. Coordinated with accounts payable and accounts receivable to produce daily cash position reports.
- Led the finance team in developing accurate and timely financial statements, ensuring compliance with GAAP and other regulatory guidelines.
- Coordinated with external auditors to address any concerns or discrepancies, resulting in clean audit opinions for the company.
- Improved working capital efficiency by analyzing receivables collection processes and implementing changes that expedited payment receipt times. This included working with customers who manage their receivables via portals and navigating the best way to enter invoices on a timely basis.
- Worked with the sourcing team to consolidate payment runs and optimize vendor terms to improve cash flow.
- Oversaw reconciliation of banking activity, credit card processing, and sales tax returns.
- Calculated salesperson commissions based on established parameters and disbursed payments.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Assist the company with decisions on potential mergers and acquisitions. Perform due diligence on potential targets and make recommendations based on findings.
Sr. Accounting Manager
Grace Management Group
2009.01 - 2012.06
- Analyzed complex financial data to identify trends, uncover inefficiencies, and inform organizational decision making.
- Ensured compliance with GAAP, tax regulations, and internal policies by conducting regular audits and reviews.
- Consistently met strict deadlines for quarterly and annual financial reporting requirements.
- Collaborated with cross-functional teams to support budget development and monitoring.
- Enhanced financial accuracy by streamlining and automating accounting processes.
- Reduced month-end closing time by implementing efficient reconciliation procedures.
Director, Warehouse Accounting
BI-LO/Bruno's
1996.08 - 2008.12
- Managed accounts receivable (including vendor funds, pharmacy receivables, gift cards, and store receivables), accounts payable (warehouse, DSD, and expense payables), warehouse and store inventory, and fixed assets for an $8 billion grocery company.
- Led the company through a forensic audit when the parent company had some accounting issues. This led to a forensic audit at all divisions The audit resulted in no issues
- Co-led a project for accounting for vendor funds as a result of the forensic audit. This included writing policies and procedures for new accounting standards, and training effected employees on new procedures.
- Revolutionized cash flow by leading a project to require vendors to prepay vendor allowances rather than waiting for individual invoices. This led to a $50 million one time cash flow pick-up.
- Negotiated numerous contacts on vendor coupon processing, post-auditor reviews, and third party pharmacy processors which led to millions of dollars saved in processing fees.
- Developed relationships with leadership in Merchandising, Marketing, Consumer Relations, and Marketing departments in order to receive information that we needed from them in order to provide timely financial information to our internal customers.
- Provided timely and accurate financial data to our internal and external auditors as needed. We had no major audit findings during my tenure.
- Led the integration of a $3 billion grocery company (Bruno's) into the BI-LO systems and procedures.
Education
Bachelor of Science -
Bob Jones University
Greenville, SC05.1996
Skills
- Cash Flow Management
- Audit Coordination
- Working capital management
- Internal Controls
- Revenue Recognition
- Debt Financing
- Mergers and Acquisitions
- Staff Management
Timeline
Assistant Global Controller
Hubbell Lighting/Current Lighting
2012.07 - Current
Sr. Accounting Manager
Grace Management Group
2009.01 - 2012.06
Director, Warehouse Accounting
BI-LO/Bruno's
1996.08 - 2008.12
Bachelor of Science -
Bob Jones University
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