GERALD T. MADDEN Jersey City, NJ 07307 gerald.t.madden@gmail.com (201) 723-8627: cell www.mycareerhighlights.com/geraldmadden CHIEF FINANCIAL OFFICER / CONTROLLER / DIRECTOR OF FINANCE / OPERATIONS MANAGER Strategic and tactical financial management roles in diverse environments with responsibilities for the day-to-day financial operations for both public and private companies with revenues from $25M to over $2B as well as providing key financial advice to senior leadership and operating management. As a truly operationally oriented financial executive and business partner, I have had success optimizing both revenues and profits with a business style always focused on continuous improvement, improving efficiency and reducing costs. My intimate understanding of cost drivers of a business means I fully participate in business growth and maximizing the bottom line. I have industry exposure in manufacturing, wholesale and retail apparel and accessories, importing and licensing sectors in widely diverse operations nationwide and worldwide. CORE COMPETENCIES: E-Commerce, P&L Management, Cost Control/Containment, Operations Management, HSN, Factoring, Staff Management, Performance Improvement, Workflow Organization, Vendor Relations, Supplier Relations, Start-Ups, Turn-Arounds, Purchasing Management, Luxury Brands, Consumer Products, Business Process ReEngineering, Mentor, Strategic Planning, Performance-Driven, Competitive Analysis, Business Planning, Strategic Relationships, Profit Growth, Brand Development, Forecasting/Budgeting, Business Expansion, 3PL Warehousing, Training & Coaching, GAAP, SOX, Cost Accounting, Change Management, Systems Implementation, Financial Analysis/Reporting, Consensus Building, MAS 90, ACS, Info crossing, Styleman, QuickBooks, Cashflow Projections, GCS A2000, ABS, JD Edwards, SAP. PROFESSIONAL EXPERIENCE ROBERT HALF INTERNATIONAL Union, NJ 2014 A Nationally recognized Consulting and Staffing Firm with revenues exceeding $2B Consultant & Interim Controller Working closely with Finance and Account Staff of Mack Boring Co., a $30M marine diesel engine company was intimately involved with major account reconciliations including inventory discrepancies of over $900K and working with the general ledger to perpetual cash flow schedules, including bank audits. ESCADA, US, INC. New York, NY 2013 An International luxury fashion group with a presence in 60 countries with revenues of $110M Controller Brought on board to bring company in compliance with regulations including setting up new custom bond and freight forwarders, standard reporting, building a new e-commerce site, overhauling the payroll process and leading the process that reduced freight expense by $170K per year. SCHIFTER+PARTNERS, LLC. New York, NY 2006-2013 Multi-brand private label and contemporary label handbag and accessory licensee / market brands; Revenues $50M Controller Responsible for all aspects of accounting, finance, treasury, human resources, insurance, internal controls, cost control, cost reduction and system development. Executed company’s first internally generated financial process which includes preparation and analysis of monthly financial statements, cash flow and budgets and set-up and oversight all financial and operational controls and metrics. Major Achievements Tasked with restructuring the accounting records to comply with GAAP. Reduced cost of Health Insurance Plan by $100K per year through evaluation of costs and average 35% increase and working through providers to implement a new plan with a self-insurance option and adding a dental benefit. Lowered charge-backs to less than ½% of net sales by tracking issues late shipments and inventory inaccuracies and selecting new 3PL warehouse; prior charge-backs often exceeding monthly sales. GERALD T. MADDEN gerald.t.madden@gmail.com Page 2 Reduced shipping costs by negotiating new contracts with UPS saving 45% and FedEx saving 55%. Negotiated new contract with 3rd Party Warehouse and back office expenses reducing overall costs to 7% of sales from over 15%. Implemented MAS 90 as new financial management system that included preparation and analysis of monthly financial statements, cash flow and budgets. LE TIGRE, LLC. New York, NY 2005-2006 A $25 million men’s, women’s and children’s start-up clothing company that wholesales, imports and licenses Chief Operating Officer/Controller Responsible for finance, accounting, finance, treasury, internal controls, cost control, cost reduction and system development. Spearheaded the implementation and oversight of the Infocrossing and GCS ERP systems.Assisted in the implementation of advanced technology to lower costs, promote on-time delivery and maintain quality standards. Major Achievements Oversaw the construction of a new office space and the selection of a 3 rd party public warehouse. Monitored construction costs to maintain operating budget that resulted in coming under budget by 25%. In a start-up mode, spearheaded and led the implementation of new automation infrastructure, financial and operations management systems, integrating two computer systems, hired staff and set up Factor Agreement. BEN SHERMAN CLOTHING, INC. (Acquired by $2.6B Oxford Industries) New York, NY 2001-2005 North American division of the $180 million U.K. Private Equity men’s and women’s apparel, footwear and accessories company involved with wholesaling, importing, retail, e-commerce, and licensing. Operations Manager/Controller Responsible for daily operations, corporate direction and vision, project management, reporting and analysis, human resources, customer relations, IT, compliance and e-commerce. Oversaw the conversion from ERP systems from StyleMan to ABS. Major Achievements Collaborated with executive management in turning the company around from a loss of $4 million annually to an EBITDA of $9 million in less than five years Reduced order receipt to shipment time from an average of 45 days to 14 days in year 1 and down to a 2 day turnaround in year 2 by implementing a QR quick response 24 hour turnaround also developing a Quick Replenishment of standard items to 48 hour turnaround. Increased E-commerce sales from $12K per year to $2.5M per year by redesigning website, instituting a customer service initiative exclusively for the web site and developing and adding an e-mail campaign. Reduced 3PL costs by 50% in both US and Canadian warehouses by renegotiating per price costs eliminating an a la carte system. Increased wholesale revenue by 45% by establishing warehouse locator system, streamlining packaging and shipment system and organizing inventory and warehousing procedures. DIESEL USA, INC. New York, NY 1996-2001 American holding company for the $500+ million Italian men’s, women’s and children’s fashion, footwear Assistant Controller & Financial Reporting Manager Responsible for financial statements, cash management, corporate consolidations, insurance, human resources and financial computer systems. Handled controller functions and financial reporting duties while controller was temporarily reassigned within the company Managed the turn-around from a loss of $3 million to a vertically integrated brand with an EBITDA of $14 million in five years. EDUCATION SAINT PETER’S UNIVERSITY Jersey City, NJ Master of Business Administration (MBA) Candidate Master of Science in Accounting (MS) Candidate Bachelor of Science (BS) Accounting