Mark Steven Vitcov, CPA, CMA, MBA
215 605 8606 - 267 970 8423
Strategically minded finance leader with the ability to translate strategies into operational objectives and deliverables. A professional who possess well-developed interpersonal and communication skills, and exhibits the leadership characteristics of motivation, confidence, and intelligence. A proven leader and mentor working in partnership with all levels of management and operations to identifying business risks and improving processes.
Controller September 2007 - Present
Imperial Parking & Transportation LLC
Imperial Parking (Impark) is an industry leader in parking management. With over 1,800 parking facilities, 425,000 spaces in
§ Stakeholder for financial accounting and reporting, financial planning and analysis, and internal control development and compliance.
§ Partner with VP Compliance to ensure compliance with all applicable government regulations, and with the company's policies and procedures.
§ Assures accounting data is processed and available for financial statement preparation by training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures.
§ Provides operational feedback by analyzing financial reports and variances; determining and providing feedback to managers. Responds to operations managers requests for information and answers questions regarding financial statements
§ Provides leadership and vision to the facility’s finance staffs, and acts as a business partner to the General Manager in integrating financial strategies and developing a strategic plan for growth.
§ Ensures VP and GM’s are given accurate financial data and provides guidance to assist in effective decision making by applying appropriate financial accounting and analysis.
§ Implemented processes and procedures to improve balance sheet reporting, key matrix analysis and dashboard reporting.
§ Stakeholder for the preparation and distribution of accurate and timely financial statements, reports and analysis to management to aid in site, segment and corporate decision-making and strategic planning.
§ Ensures the integrity, accuracy and effectiveness of financial, organizational and operating systems and internal controls through ongoing monitoring and continuous improvement efforts.
Controller August 1998 – September 2007
ENH – WRH Ventures / Goldman Sachs
(Subsidiaries: Netzsch USA LLC & FERAG Americas LLC et al)
$3.5 billion Swiss German holding Company, with a diversified portfolio of manufacturing – distribution companies, commercial, news papers and online media content and software development.
§ Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Board and President in performing their responsibilities
§ Stakeholder for developing and administering the organization’s overall financial policies and functions to include all accounting, budget, credit, insurance, and tax issues
§ Stakeholder for the preparation and publication of timely, accurate, and interpretative financial and management reporting of weekly flash reports, cash flow forecasting, month-end reporting and balance sheet analysis.
§ Developed enhancement programs, implemented and enforced policies and procedures of the organization by way of systems that will improve and reengineer the overall operation and effectiveness of the financial and operational reporting.
§ Developed and directed the implementation of strategic planning and forecasting for US and International subsidiaries.
§ Provided leadership and support to functional areas of finance and operations in the design and implementation of effective operating and compliance controls.
§ Preparation of 10k, 10Q and MDA along with investor presentation packages.(Domestic & International)
§ Ensures compliance with international, local, state, and federal reporting requirements.
§ Established long-range goals, strategies, plans and policies and will Study, analyze and report on trends, opportunities for expansion and projection of future company growth. Proactively provide financial leadership and guidance to the senior management team to help them maximize EBITDA. Meet regularly with department heads to keep informed and offer direction. to the President on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and capital funding requirements.
§ Stakeholder for M&A and due diligence analysis, acquisition integration and joint ventures.
§ Established and maintained stable cash flow management policies and procedures, and ensured cash resources are available for daily operations , business and product development.
§ Prepared comprehensive analysis of financial and operational trends, opportunities for expansion and projection of future company growth. Proactively provided financial leadership and guidance to the senior management team to help them maximize EBITDA. As well as meet regularly with department heads to keep informed and offer direction.
§ Evaluated the finance department structure and plan for continual improvement of the efficiency and effectiveness of the group. Provide individuals with professional and personal mentorship to foster professional development and succession planning.
Corporate Controller July 2001 – August 2004
Netzsch Incorporated
(Netzsch
Diverse Holding Company with a portfolio of manufacturing and distribution companies servicing the telecommunications industry in the niche markets (energy, governmental and public safety). The company is a highly regarded leader in the TURRET and telephony interface market space.
§ Implemented a comprehensive platform for improving accounting processes such as: monthly close, management and financial reporting, budgeting, forecasting, consolidations, shared services and application outsourcing.
§ Stakeholder global consolidations, US GAAP and IAS reporting standards and reporting matrix.
§ Provided executive management with evaluations of significant business ventures, including mergers, acquisitions, divestitures, equity investments and joint ventures.
§ Performed regular Branch visits for internal audits of company polices and procedures.
§ Developed and implemented project plans for the integration of newly acquired businesses.
§ Serve as liaison between the business groups and IT to match business requirements with appropriate technical solutions and approaches.
§ Provided the overall strategy for selecting and implementing an Enterprise Resource Planning solution.
Controller August 1998 – July 2001
(FERAG
(A $300mm subsidiary of WRH Ventures, FERAG designs, develops and manufactures conveyor and processing systems for the printing industry and is also recognized for systems engineering, integration, installation and Post Press Management Software)
Ensured monthly and year-end financial statements accurately reflected the company’s performance and complied with GAAP and IAS standards. Analyzed operations for opportunities to improve business performance though reorganization, downsizing or elimination of functions. Provided timely and accurate analysis of budgets, financial reports and financial trends to assist the CEO/ President, the Board and other senior executives in their decision making process.§ Prepared SEC filings (10k,10Q, footnotes and MDA’S).
§ Implemented best practices in accounting and process improvements.
§ Identified, developed and executed business strategies to target new business opportunities.
§ Provided competitive analysis and market research on shared services best practices, changes in market, comparison to other shared services organizations, and relevant industry information.
§ Introduced lean manufacturing and 5 s management concepts.
§ Accomplished the successful implementation and integration of SAP and Hyperion Software.
($75m subsidiary of Carolinch AG, with engineering, manufacturing and distribution operations throughout North America, Latin America and Asia , principally servicing the semi conductor, graphic arts and pharmaceutical industries) § Developed and implemented costing and materials management strategies for US and international locations.
§ Developed inventory controls and MRP procedures and cycle count processes for subsidiary locations.
§ Provided leadership in the development and continual evaluation of long and short-term strategic financial objectives to maximize shareholder value consistent with corporate strategic objectives.
§ Effectively positioned the company in the market by establishing relations with analysts, investors, banks and other financial institutions, resulting in venture capital funding of $40M+.
§ Performed business analysis on existing customer base to establish revenue trends and recommended cost containing measures and revenue opportunities to senior management.
§ Established corporate governance for the national credit and collections function. Monitored regional credit and accounts receivable performance, identifying regions requiring improvement.
§ Key member of the executive team that developed the Company’s first Strategic Plan used to map and execute the acquisition strategy resulting in three acquisitions.
§ Directed the Company’s accounting and finance activities. Performed consolidated cash management reporting and forecasting. Managed the capital funding process, ensuring the Company’s adequate, cost efficient sources of private, bank and public capital.
Prepared and reviewed stand-alone and consolidated financial statements for domestic and international subsidiaries. Managed daily treasury and investment activities for U.S. § Built out the finance department and subsequently supervised accounts payable, accounts receivable, credit, collections and estimating departments.
§ Established accounting policies, financial reporting and internal procedures for domestic and international subsidiaries.
§ Developed and implemented an integrated, flexible long-range planning model incorporating the effects of acquisitions, divestitures, joint-ventures and other strategic portfolio maneuvers impacting financial statements and key ratios.
Senior Consultant June 1988 to June 1991
(Leading provider of assurance, tax and legal, consulting and financial advisory services)