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Michael Wadsworth is a seasoned executive with extensive experience in construction, real estate development, and financial management. He has held various leadership positions, including Chief Financial Officer, President and Managing Director, and Division Controller, and has worked with prominent companies such as New Leaf Builders, WADSTOCK Enterprises LLC, and White Construction, Infrastructure & Energy Alternatives Company. He has a strong background in financial planning, budget management, and process improvement. With a Bachelor of Science degree in Accounting and Computer Science from Binghamton University, Michael has developed a unique blend of technical and business acumen. He is well-versed in financial analysis, budgeting, and financial reporting, and has a proven track record of driving business growth and improving operational efficiency. As a seasoned executive, Michael has a strong network of contacts in the construction and real estate industries, and is well-positioned to provide strategic guidance and support to clients and partners.

Experience

  • New Leaf Builders
    • Charleston, South Carolina, United States
    • Chief Financial Officer
      • Jul 2021 - Present
      • Charleston, South Carolina, United States

      Residential and Commercial Home Builder

    • President and Managing Director, WADSTOCK Enterprises LLC
      • Mar 2020 - Dec 2020

      Develop corporate strategies and manage projects to establish the achievement of objectives. Create updated process improvement initiatives, budget forecasting, and cash flow modeling. Partner with lenders to provide guidance on securing loans for Development and Construction Financing. Key achievements:• Directed a small family owned business; performed duties unique to operations, including serving as liaison to ensure policies met the specifications of company vision, and providing key financial and operations consultation that supported business growth into a large multi-million-dollar entity.• Designed procedures that met all audit requirements.• Proactively gained deep understanding of the recent CARES act to utilize toward launching consultation company.• Key point of contact for numerus companies, including a non-profit entity, in gaining critical financing utilizing the CARES act in excess of $9M.

    • CFO
      • Jun 2015 - Mar 2020
      • United States

      Directed all financial functions, including planning and analysis, forecasting, cost accounting, cash management, metrics analysis and reporting for development projects for private residential communities and clubs across North America. Recruited top talent and served as mentor to project accounting and finance teams.Key achievements:• Led finance functions for the development of exclusive golf clubs The Silo Ridge and the Troubadour Golf and Field Club, two $600M high-end resort-style residential communities; key executive business partner to Club Operations, Development and Sales teams.• Collaborated with local banks to implement specialized build financing programs.• Directed finance functions for the Dune Deck Beach Club, a $55M resort Hotel and Beach Club and the "The Hills" a $700M resort community; delivered financial modeling and forecasting to Senior Partners highlighting project life scenarios.• Spearheaded the installation of Jonas Software and the opening of a golf club and restaurant on the Silo Ridge campus.• Streamlined processes to secure a liquor license for the Silo Ridge club restaurant.

    • Division Controller
      • Sep 2012 - Apr 2015
      • United States, and Canada

      Led Accounting and Finance functions across White Construction, HBWCC, and IEA Renewables, LLC. Directed all financial planning, monitoring, control and budget management functions.Key achievements:• Designed an organizational structure and staffing strategy that achieved department objectives. • Ensured the integrity of financial statements through continued compliance analysis within financial policies and internal controls, identified performance gaps and recommended new practices.

  • Ian Schrager Co
    • United States
    • Senior Project Controller
      • May 2011 - Aug 2012
      • United States

      Operated on a project-specific basis to establish that project targets were met for a hotel developer. Collaborated with the General Contractor, Construction Manager, and Design team to facilitate construction, FF&E, OS&E and pre-opening budgets.Key achievement: • Led monthly requisition processes, ensured streamlined operations, and prepared bank financing requests.• Processes implemented led to construction completion and opening of Hotel per forecast.

    • Chief Financial Officer
      • Apr 2010 - May 2011
      • United States

      Headed the full scope of fiscal reporting operations including revenue, expenses, balance sheet reports, funding agency reports. Developed and monitored organizational contracts and budgets.Key achievement:• Provided crucial support to the CEO and COO in identifying funding opportunities, drafting prospective budgets, and targeting cost effectiveness for new contracted business.• Management oversite and processes implemented allowed company to maintain key contracts with the New York and New Jersey Port Authority on construction of the new World Trade center towers.

    • Senior Project Accountant
      • Feb 2009 - May 2010

  • K. Hovnanian® Homes
    • Metro New York
    • Metro New York Area Controller
      • 2003 - 2006
      • Metro New York

Education

  • Binghamton University
    Bachelor of Science - BS Accountin, Accounting and Computer Science

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Industry Focus. “Construction and Engineering”

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