Traveling & sightseeing - especially road trips, Fitness, Hiking, Foodie
Jim McDonnell
Olyphant,PA
Summary
Results-driven Director of Finance specializing in leading financial strategy, optimizing budgets, and driving profitability. Proven expertise in financial planning and analysis, risk management, and cost control to enhance operational efficiency. Adept at leading cross-functional teams, implementing data-driven decision-making, and ensuring regulatory compliance. Skilled in financial reporting, cash-flow management, budgeting and cost-savings. A strategic leader with a track record of improving financial performance and supporting business growth.
Overview
8
8
years of professional experience
Work History
Director of Finance
Arraya Solutions, Inc.
07.2024 - Current
- Ensured the preparation of timely and accurate financial statements in compliance with GAAP
- Managed forecasting and budgeting for a $50M VAR IT services & solutions business
- Collaborated on cross-functional projects leading to a 10% reduction in operational costs
- Collaborated with IT to deploy custom finance dashboard, providing real-time KPIs that supported strategic decision-making for ELT.
- Conducted regular variance analysis to monitor financial performance against the budget, identifying trends and variances.
- Developed rigorous internal controls to ensure 100% compliance with auditing standards
Finance Manager
Arraya, Solutions, Inc.
12.2018 - 07.2024
- Managed and optimized accounts payable system, accelerating payment process by 30%
- Reviewed and negotiated vendor & customer MSAs, SoWs, Partner Agreements, leases and on-boarding documents
- Managed monthly, quarterly & Annual financial close processes increasing the close rate by 1-2 days on average
- Created companywide SoPs to promote efficiency and reduce bottlenecks
- Led the financial planning and budgeting for a large-scale office relocation project, along with assisted on vendor selection and negotiation
- Led cross-functional teams in the implementation of an integrated ERP system that improved financial reporting efficiency by 30%.
Financial Analyst
Arraya, Solutions, Inc.
05.2017 - 12.2018
- Supported monthly FP&A and financial reporting functions
- Responsible for processing customers orders and invoicing for goods & services
- Maintained fixed asset details, including asset creation & disposal, and automated the process reducing monthly effort by 50%
- Prepared monthly sales and use tax filing for 35+ states ensuring payments were processed according to state guidelines
- Performed User Acceptance Testing for the successful implementation of Oracle NetSuite across all departments
- Assisted in the development of the annual expense budget and quarterly forecasts
Education
MBA -
Widener University
Chester, PA05-2020
Bachelor of Science - Accounting
University of Scranton
Scranton, PA12-2016
Skills
- Financial Reporting
- Budget Management
- Strategic Planning
- Revenue Projections
- Compliance
- Cost Saving Measures
- P&L Management
- Cash Flow Management
- AP & AR
- Leadership
- Communication
- Adaptability & Accountability
Software
Oracle NetSuite, Dynamics SL, QuickBooks, Microsoft Excel, Microsoft Word, Microsoft, PowerPoint, IT Glue
Interests
Timeline
Director of Finance
Arraya Solutions, Inc.
07.2024 - Current
Finance Manager
Arraya, Solutions, Inc.
12.2018 - 07.2024
Financial Analyst
Arraya, Solutions, Inc.
05.2017 - 12.2018
MBA -
Widener University
Bachelor of Science - Accounting
University of Scranton
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