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,
Staff Management, Performance Improvement, Workflow Organization, Vendor Relations, Supplier Relations, Start-Ups,
Turn-Arounds, Purchasing Management, Luxury Brands, Consumer Products, Business Process Re-Engineering, 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.
PROFESSIONAL EXPERIENCE
SCHIFTER+PARTNERS, LLC.
New York, NY
2006-Present
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.
 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.
GERALD T. MADDEN
gerald.t.madden@gmail.com
Page 2
LE TIGRE, LLC. (Cont’d)
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 al 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. Coordinated and prepared monthly reporting package and year-end financial audits,
becoming the top subsidiary in accuracy and timing.
Major Achievements
 Managed the turn-around from a loss of $3 million to a vertically integrated brand with an EBITDA of $14 million in five
years.
 Reduced inventory shrinkage from 10% to fewer than 2% through the establishment and hands-on training of Store
managers on Security, Inventory and Cash Control Issues.
 Reduced Health Insurance costs by 32% by setting up a Third Party Administrator and self-funding part of annual
medical premiums.
LANTIS CORPORATION
A $50M wholesaler and distributor of sunglasses
Senior Accountant
Moonachie, NJ
1992-1996
EDUCATION
SAINT PETER’S UNIVERSITY
Master of Business Administration (MBA) Candidate
Master of Science in Accounting (MS) Candidate
Bachelor of Science (BS) Accounting
Jersey City, NJ