Michael Faris directed short and long range planning, established performance goals, drove efficiency and growth initiat...
Michael G. Faris P.O. Box 565 Andover, MA 01810
[email protected]
Cellular: 978-771-1432 Residence: 978-475-7678 www.LinkedIn.com/in/michaelgfaris
__________________________________________________________________________________________________________
Accomplishments .
Directed and coordinated the acquisition of a fully reporting “Blank-Check” shell corporation. Directed short and long range planning, established performance goals, drove efficiency and growth initiatives, and developed and implemented financial controls. Identified and solved business problems and created optimization across all functional areas. Financial background with ability to research, analyze and recommend alternatives to business conditions. Leads value creation through customer satisfaction, employee engagement, and positive cash flows. Proven finance leader with a strong track record and adept at establishing sound procedures that lead to financial growth. Possess solid leadership, communication and interpersonal skills; instill ethical business practices in the workforce. Adept at developing a collaborative environment that enables team members to focus on achieving results. Accomplished at managing profitable relationships with stakeholders, key partners and all levels of staff and management.
Qualifications Financial Analysis Cost Control Process Improvement Budgeting
Contract Negotiations Team Management Ethical Business Practices Interact with CPA firm
Business Management Drive Efficiencies Detail and Results Oriented Manage Banking Relations
Work Experience Environmental Science and Technologies - Andover, MA
2013 - 2014
(Sister company to Enco Industries)
COO & CFO
Directed and coordinated the acquisition of a fully reporting “Blank-Check” shell corporation in 2012. In collaboration with Corporate Counsel and outside accountants and auditors, completed a Jumbo 8K and quarterly filings with the Securities and Exchange Commission (SEC). Coordinated the creation of several wholly owned subsidiary companies and directed their management teams. Raised $400k in an initial capital formation. Created a Private Placement Memorandum (PPM) to raise $2.5 million dollars. Led M & A team to acquire two companies with synergistic and complimentary product lines. Developed relationships with sub-contractors, suppliers and manufacturers of spill control, UN-DOT containment products and Intelligence, Surveillance and Reconnaissance (ISR) platforms. Worked closely with Middle East representatives and presented product offerings for aerial and ground pipeline and border security to the IRAQ Central Government.
Enco Industries - Plaistow, NH
2011 - 2013
Executive Vice President
Established and implemented Standard Operating Procedures (SOPs) across all company disciplines resulting in streamlined operations, increased productivity and reduced overhead expenses. Developed Accounts Receivable collection procedures resulting in a 20% reduction in DSO. Implemented strict inventory control procedures, directed and compiled complete annual physical inventories resulting in accurate compilation, valuation and recording of this company asset.
Directed day to day financial and operational disciplines that included, outbound marketing, order taking and fulfillment, customer service, inventory control, accounts receivable collections, banking relations, staff development and human resources.
Signature Flight Support - Boston, MA
2008 - 2010
Controller/Accounting Manager
Directed and coordinated all accounting activities at base level. Directly supervised accounting staff, because legacy building is the key to business longevity. Analyzed financial information detailing assets, liabilities, and capital; prepare balance sheet, profit and loss statement and other reports to summarize current and projected company financial position for Signature Boston. Reviewed and analyzed all financial statements, made adjustments as necessary and consulted with department managers. Established, modified, documented and coordinated implementation of accounting control procedures. Prepared Base annual departmental budgets and monthly financial forecasting. Coordinated the pre-audit preparation and planning of and assisted with Corporate Internal Audits.
Accountalent Management Corporation - Andover, MA
2004 - 2008
Vice President/Managing Partner
Oversaw and managed financial reporting, risk management, real estate, telecommunications, HR, Administrative staff, policies/procedures, and business development through growth and merger of company. Consulted with clients across industries that included international food franchising, telecommunications, biomedical devices and retail/distribution. Researched, identified and exposed under-reporting of sales by franchisees resulting in significant lost royalty fees to the franchisor, while consulting to the Corporate Loss Prevention Department of an international food franchise corporation.
Earlier Work Experience CFO/Controller General Accountant
Vice-President Of Business Development Corporate Internal Auditor (Multi Billion $ Cos.)
Education Southern New Hampshire University-Manchester, NH ♦ Masters in Business Administration –Management Merrimack College-North Andover, MA ♦ Bachelor of Science,-Accounting/Finance Wright State University-Dayton, Ohio ♦ Business Administration
1982 1971-1974 1970-1971
Affiliations Financial Executives Networking Group (FENG),Boston, MA Chapter Merrimack Valley Chamber of Commerce, Andover/Lawrence, MA
Volunteer Work Nevins Family of Services (Non-Profit), Methuen, MA -Board of Directors and Finance Committee member Jericho Road-Lawrence, MA -Assist startup companies develop business plans and establish financial and operational procedures. Church Parish Council President - Oversight of Fiscal and Operational management of a 1200 family parish (appointed Position). ALAA-Non-Profit Charitable Organization- Immediate Past-President and current Board member (elected positions).
