Experience

Hyper Microsystems

• United States
• Consumer Electronics
• 1 - 100 Employee

• CEO

  • Mar 2018 - Present

  •Lead operations and strategic direction with full responsibility for bottom-line factors, including long-range planning, product management and IT platform development. •Provide cross-functional management; direct Controller, Operations, Sales and Customer Relations Managers •Manage key vendor relations, review and negotiate changes to long-term contracts and commitments •Closely work with IT team and 3rd party IT developers on developing business intelligence tools aimed at… Show more •Lead operations and strategic direction with full responsibility for bottom-line factors, including long-range planning, product management and IT platform development. •Provide cross-functional management; direct Controller, Operations, Sales and Customer Relations Managers •Manage key vendor relations, review and negotiate changes to long-term contracts and commitments •Closely work with IT team and 3rd party IT developers on developing business intelligence tools aimed at improving operational efficiencies, revenue growth and operational controls •Interact with company creditors and private equity investors on financial performance and capital requirements Key Achievements: •Improved gross margin from 35% to 50% by shifting business strategy from wholesale oriented to end-user sale focus and implementing necessary infrastructure to successfully implement the change. •Automated operations and key business processes, introduced data-driven business intelligence system •Cut processing costs by outsourcing refurbishing activities to a third-party refurbisher with a facility in Mexico •Reduced employee headcount from 137 to 28 employees by automating and outsourcing certain activities •Renegotiated long-term contracts on more favorable financial terms with all key vendors of the company, introduced limits on commitments •Successfully Implemented e-commerce platform – Magento •Sold non-performing business unit, negotiated terms of sale and helped to structure financing for the deal. •Identified potential company to acquire, facilitated due diligence and negotiated terms of the deal. •Arranged a loan facility with an alternative financing institution to get operating capital to the adequate level

• Controller

  • Jan 2007 - Feb 2018

  • Managed overall Accounting, Operations, Sales and IT departments and functions and an annual budget of over $8M • Responsible for directing the treasury services for the organizations, including weekly cash forecasting • Assisted in preparing budgets and monitored P&Ls for the company departments • Prepared monthly, quarterly and annual consolidated financial statements • Facilitated development of standard operating procedures and controls for all aspects of company operations… Show more • Managed overall Accounting, Operations, Sales and IT departments and functions and an annual budget of over $8M • Responsible for directing the treasury services for the organizations, including weekly cash forecasting • Assisted in preparing budgets and monitored P&Ls for the company departments • Prepared monthly, quarterly and annual consolidated financial statements • Facilitated development of standard operating procedures and controls for all aspects of company operations, introduced KPIs • Upgraded inventory management system, designed and supported development of additional IT modules to establish standardized process flows and achieve higher inventory management efficiency. • Performed full cycle management of large scale inventory liquidation deals including asset valuation, financial requirements analysis, recovery and cash flow projections, human resource requirements, facilitated complete operations setup, oversaw inventory sales. Key Achievements: - Designed and facilitated development of proprietary Production Management Software (PMS) which reduced training requirements for newly hired operators and enabled the company to quickly scale up production capacity - Successfully managed joint venture ad hoc projects involving purchase of inventory at a deep discount out of liquidations where Hyper Microsystems was a lead partner, responsible for performing due diligence, inventory removal, refurbishing operation setup, production management, sale and project budget management. Select projects: o Circuit City Bankruptcy - 2009 – over $80M in inventory o TekGraf Bankruptcy – 2010 – over $10M in Inventory and Accounts Receivables o Coby Electronics Bankruptcy – 2013 – over $8M in inventory o Eastern Tools Bankruptcy – 2014 – over $8M in inventory o Target Corporation - Canada Bankruptcy 2015 – over $10M in inventory o HH Gregg Bankruptcy - 2017 – over $15M in in inventory o Wynit Distribution LLC Bankruptcy 2017 – over $13M in inventory



HyperActive Gaming LLC

• Wood Dale, IL

• Chief Financial Officer

  • Jan 2012 - Present

  •Prepare financial statements and reports for government agencies •Interact with Illinois Gaming Board on financial compliance of the business •Review and test operational controls related to cash handling and accounting Key Achievements: •Built accounting operation from the ground up, developed and implemented controls and procedures for cash handling and accounting •Developed and implemented IT solution for reconciling and managing physical cash inventory in the… Show more •Prepare financial statements and reports for government agencies •Interact with Illinois Gaming Board on financial compliance of the business •Review and test operational controls related to cash handling and accounting Key Achievements: •Built accounting operation from the ground up, developed and implemented controls and procedures for cash handling and accounting •Developed and implemented IT solution for reconciling and managing physical cash inventory in the vault, VGTs and ATM machines Show less •Prepare financial statements and reports for government agencies •Interact with Illinois Gaming Board on financial compliance of the business •Review and test operational controls related to cash handling and accounting Key Achievements: •Built accounting operation from the ground up, developed and implemented controls and procedures for cash handling and accounting •Developed and implemented IT solution for reconciling and managing physical cash inventory in the… Show more •Prepare financial statements and reports for government agencies •Interact with Illinois Gaming Board on financial compliance of the business •Review and test operational controls related to cash handling and accounting Key Achievements: •Built accounting operation from the ground up, developed and implemented controls and procedures for cash handling and accounting •Developed and implemented IT solution for reconciling and managing physical cash inventory in the vault, VGTs and ATM machines Show less



Career Education Corporation

• United States
• Education Administration Programs
• 700 & Above Employee

• Staff Accountant

  • Jan 2006 - Jan 2007

• Sarbanes Oxley Complaince Consultant

  • Feb 2005 - Dec 2005