Timothy J. O’Donnell
CFO@todonnell.me § mobile: (551) 697-5045
125 East Magnolia Ave., Maywood, NJ 07607
Chief Financial Officer
Dynamic and innovative finance professional offering 20+ years’ achievement driving organizational growth, performance and profitability. Leverage deep financial and accounting acumen and decisive leadership skills to shape and execute financial strategy. Proven ability to manage and motivate cross-functional teams while cultivating and unleashing individual talents. Establish strategic partnerships and alliances to maximize value and generate new business opportunities. Maintain high level of professional integrity.
Areas of Expertise:
Financial Reporting – Accounting – Tax – Treasury – Financial Statement Preparation & Analysis – Purchasing – Cost Accounting Human Resources – Budget Planning & Management – P&L Responsibility – Fortune 500 & Startups – Strategic Planning
Professional Experience
The Falk Group, LLC – New York, NY 2008 to Present
Full-service marketing agency that specializes in the pharmaceutical industry.
Vice President & Chief Financial Officer
Key member of four-person executive team. Command all financial operations and hold full budgetary and P&L responsibility for one medical education company and four startups, with three direct reports. Prepare and present financial statements, analysis, and projections to ownership, financial institutions, and potential investors. Identify and resolve issues affecting future growth in partnership with Operating Account leadership.
- Leveraged strategic banking relationships to maximize cash flow; increased line of credit 50% and optimized collections.
- Successfully converted all available clients to ACH payments, resulting in better cash flow.
- Consolidated multiple systems by implementing Creative Manager Pro (Workamajig); expedited project reconciliations, minimized redundancies, and improved communication and enhanced transparency between finance and operation teams.
- Reduced YoY spending 8% by skillfully negotiating contracts, improving vendor selection, and restructuring personnel.
- File NY MCTM tax and Commercial Rent tax returns; coordinate with outside accountants to complete Accountants’ Compilation Report and to develop tax planning strategies.
M2 Communication Inc./SuperNova Productions, Inc. – Jersey City, NJ 2006 to 2008
Separate companies–a digital media company and a continuing medical education (CME) company–independently run through common ownership.
Chief Financial Officer
Directed financial operations, including accounting, purchasing, treasury, and human resources. Developed strategic and tactical plans to maximize profitability and value. Worked with outside CPAs on annual audit. Prepared quarterly close and analysis of financial statements. Standardized all accounting and administration-related procedures.
- Obtained $850K line of credit and maximized interest income using new Sweep Account.
- Converted all available clients to ACH payments and transitioned company’s largest client from quarterly to monthly billing cycle to improve cash flow.
- Negotiated sub-lease of 20K SF to 50% below market rate, saving many thousands of dollars.
- Reduced benefit cost while simultaneously providing Fortune 500 benefits through strategic partnership with Administaff (n/k/a Insperity, Inc.), a professional employer organization.
- Transitioned company away from QuickBooks to eSM/Microsoft Dynamics GP software, resulting in improved efficiencies.
Dimensional HealthCare – Cedar Knolls, NJ 2004 to 2006
$20M medical education and late phase community-based trials company.
Chief Financial Officer
Recruited into company to join Executive Committee, with direct oversight of all finance operations as well as M&A-related activities, strategic alliances, and organic growth, proposal development, HR and IT. Interfaced with outside investors.
Continued …
Timothy J. O’Donnell § odonnell1962@hotmail.com § (551) 697-5045 Page 2
Professional experience (Dimensional HealthCare) continued …
- Spearheaded and built Purchasing department from ground up and developed formal RFP process.
- Led successful effort completely upgrade server software and backup system and server as well as 40 PCs and laptops.
- Negotiated additional 2.5K SF of rental space at 25% below market rate.
- Designed and implemented new Career Profile program to facilitate internal career development.
- Obtained $800K line of credit.
Stepan Company – Northfield, IL/Maywood, NJ 1987 to 2004
$850M innovative, sustainable and global chemical solutions company.
Manufacturing Controller (1990 to 2004)
Promoted and expanded scope of responsibilities to include all accounting and administrative functions for $50M chemical manufacturing division, with 13 direct reports. Managed financial analysis, capital spending, inventory control, and purchasing as well as monthly closing, plant quarterly expense projections, annual budget, overhead allocations, and head count reporting analysis. Oversaw internal and external audits including Deloitte & Touche, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and U.S. Customs.
- Three-time recipient of “Top Quality Award” for best-run department; awarded company’s top physical inventory citation.
- Deftly negotiated three complex union contracts.
- Led successful SAP implementation resulting in elimination of legacy systems and successful transition to streamlined, transparent system to better inform strategic business planning decisions.
- Achieved $1M profit increase for stand-alone product line
- Consistently kept expenses under budget via innovative cost management mentorship program.
- Updated and verified all cost standards and standardized corporate monthly manufacturing footnotes.
Senior Budget Analyst (1987 to 1990)
Promoted from Senior Accountant within one year. Planned and managed $600M annual budget and quarterly profit projections. Prepared financial statements for executive presentations.
Additional experience as PT Adjunct Accounting Instructor at Bergen Community College (1997 to 1998). Details by request.
Education
Wharton Business School, University of Pennsylvania
Executive Program, Mergers & Acquisitions
Seton Hall University
Master of Arts (MA), Corporate & Public Communication (MBA track)
Illinois State University
Bachelor of Science (BS), Accounting
Minor: Business Administration
Passed Certified Public Accountant Exam, Illinois
Affiliations
Member, American Institute of Certified Public Accountants (AICPA)
Treasurer (former)/President – Vanderbilt Toastmasters; Area 22 Governor – NYC District 46
Board of Directors, Mill Market (locally-sourced food & specialty grocery store)
Technology
MS Excel & Word – Creative Management Pro (Workamajig) – eSM/Microsoft Dynamics GP – QuickBooks – SAP Oracle Purchasing–Receiving & Accounts Payable – Peachtree
CFO@todonnell.me § mobile: (551) 697-5045
125 East Magnolia Ave., Maywood, NJ 07607
Chief Financial Officer
Dynamic and innovative finance professional offering 20+ years’ achievement driving organizational growth, performance and profitability. Leverage deep financial and accounting acumen and decisive leadership skills to shape and execute financial strategy. Proven ability to manage and motivate cross-functional teams while cultivating and unleashing individual talents. Establish strategic partnerships and alliances to maximize value and generate new business opportunities. Maintain high level of professional integrity.
Areas of Expertise:
Financial Reporting – Accounting – Tax – Treasury – Financial Statement Preparation & Analysis – Purchasing – Cost Accounting Human Resources – Budget Planning & Management – P&L Responsibility – Fortune 500 & Startups – Strategic Planning
Professional Experience
The Falk Group, LLC – New York, NY 2008 to Present
Full-service marketing agency that specializes in the pharmaceutical industry.
Vice President & Chief Financial Officer
Key member of four-person executive team. Command all financial operations and hold full budgetary and P&L responsibility for one medical education company and four startups, with three direct reports. Prepare and present financial statements, analysis, and projections to ownership, financial institutions, and potential investors. Identify and resolve issues affecting future growth in partnership with Operating Account leadership.
- Leveraged strategic banking relationships to maximize cash flow; increased line of credit 50% and optimized collections.
- Successfully converted all available clients to ACH payments, resulting in better cash flow.
- Consolidated multiple systems by implementing Creative Manager Pro (Workamajig); expedited project reconciliations, minimized redundancies, and improved communication and enhanced transparency between finance and operation teams.
- Reduced YoY spending 8% by skillfully negotiating contracts, improving vendor selection, and restructuring personnel.
- File NY MCTM tax and Commercial Rent tax returns; coordinate with outside accountants to complete Accountants’ Compilation Report and to develop tax planning strategies.
M2 Communication Inc./SuperNova Productions, Inc. – Jersey City, NJ 2006 to 2008
Separate companies–a digital media company and a continuing medical education (CME) company–independently run through common ownership.
Chief Financial Officer
Directed financial operations, including accounting, purchasing, treasury, and human resources. Developed strategic and tactical plans to maximize profitability and value. Worked with outside CPAs on annual audit. Prepared quarterly close and analysis of financial statements. Standardized all accounting and administration-related procedures.
- Obtained $850K line of credit and maximized interest income using new Sweep Account.
- Converted all available clients to ACH payments and transitioned company’s largest client from quarterly to monthly billing cycle to improve cash flow.
- Negotiated sub-lease of 20K SF to 50% below market rate, saving many thousands of dollars.
- Reduced benefit cost while simultaneously providing Fortune 500 benefits through strategic partnership with Administaff (n/k/a Insperity, Inc.), a professional employer organization.
- Transitioned company away from QuickBooks to eSM/Microsoft Dynamics GP software, resulting in improved efficiencies.
Dimensional HealthCare – Cedar Knolls, NJ 2004 to 2006
$20M medical education and late phase community-based trials company.
Chief Financial Officer
Recruited into company to join Executive Committee, with direct oversight of all finance operations as well as M&A-related activities, strategic alliances, and organic growth, proposal development, HR and IT. Interfaced with outside investors.
Continued …
Timothy J. O’Donnell § odonnell1962@hotmail.com § (551) 697-5045 Page 2
Professional experience (Dimensional HealthCare) continued …
- Spearheaded and built Purchasing department from ground up and developed formal RFP process.
- Led successful effort completely upgrade server software and backup system and server as well as 40 PCs and laptops.
- Negotiated additional 2.5K SF of rental space at 25% below market rate.
- Designed and implemented new Career Profile program to facilitate internal career development.
- Obtained $800K line of credit.
Stepan Company – Northfield, IL/Maywood, NJ 1987 to 2004
$850M innovative, sustainable and global chemical solutions company.
Manufacturing Controller (1990 to 2004)
Promoted and expanded scope of responsibilities to include all accounting and administrative functions for $50M chemical manufacturing division, with 13 direct reports. Managed financial analysis, capital spending, inventory control, and purchasing as well as monthly closing, plant quarterly expense projections, annual budget, overhead allocations, and head count reporting analysis. Oversaw internal and external audits including Deloitte & Touche, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and U.S. Customs.
- Three-time recipient of “Top Quality Award” for best-run department; awarded company’s top physical inventory citation.
- Deftly negotiated three complex union contracts.
- Led successful SAP implementation resulting in elimination of legacy systems and successful transition to streamlined, transparent system to better inform strategic business planning decisions.
- Achieved $1M profit increase for stand-alone product line
- Consistently kept expenses under budget via innovative cost management mentorship program.
- Updated and verified all cost standards and standardized corporate monthly manufacturing footnotes.
Senior Budget Analyst (1987 to 1990)
Promoted from Senior Accountant within one year. Planned and managed $600M annual budget and quarterly profit projections. Prepared financial statements for executive presentations.
Additional experience as PT Adjunct Accounting Instructor at Bergen Community College (1997 to 1998). Details by request.
Education
Wharton Business School, University of Pennsylvania
Executive Program, Mergers & Acquisitions
Seton Hall University
Master of Arts (MA), Corporate & Public Communication (MBA track)
Illinois State University
Bachelor of Science (BS), Accounting
Minor: Business Administration
Passed Certified Public Accountant Exam, Illinois
Affiliations
Member, American Institute of Certified Public Accountants (AICPA)
Treasurer (former)/President – Vanderbilt Toastmasters; Area 22 Governor – NYC District 46
Board of Directors, Mill Market (locally-sourced food & specialty grocery store)
Technology
MS Excel & Word – Creative Management Pro (Workamajig) – eSM/Microsoft Dynamics GP – QuickBooks – SAP Oracle Purchasing–Receiving & Accounts Payable – Peachtree