Chuck Mastrarrigo

Regional Controller

Interplex Industries, Inc. · USA

Present

Manage financial operations for several divisions spread across the United States.

Controller

Controller Engagements

Performed Controller function for companies in Retail and Manufacturing industries. Month end closings, yearend tax schedules/return preparation and financial forecasting/budgeting. Successfully negotiated IRS assessment from $66,000 to $2,500. Managed company's cash flow during Chapter 11 proceedings through restructuring. Implemented controls and procedures, performed site selection and acted as a financial sounding board.

Controller

FlexSol Packaging Corp

$225 million manufacturer Key participant in due diligence and managed integration of acquired company. Implemented self insurance health plan saving over $200,000 a year in premiums. Improved timeliness of month-end financial reporting from 45 days to 7 days by streamlining processes including automating manual procedures. Financially manage complex senior debt covenants including LIBOR contract elections and interest swap agreements. Restructured credit function activities reducing DSO, improving collections and customer service. Prepared internal and external financial statements and coordinated year-end audit. Managed legal and insurance functions, including insurance renewals and negotiating business interruption reimbursement as part of $3.2 million claim.

Chief Financial Officer

USM Retail Ventures Inc

$10 million retailer Interim President for nine months improved results from negative to break even EBITDA. Managed the complete assessment of all financial functions of the company including establishing monthly and annual budgets and cash flow projections. Instrumental in decreasing bank borrowings and increasing bank line of credit. Negotiated new store leases and supervised construction of new stores.

Controller

Mark Group Inc

$100 million catalog and retail company Part of Management team that grew company from $20 to $100 million. Spearheaded negotiations of three capital investments of $7.5 million, $2 million and $1.4 million. Managed all financial departments including General Accounting, Budgeting/forecasting, A/R, A/P, Payroll and HR. Involved in Buy to Buy planning, budgeting sales and production costs by catalog and Import clearing of Inventory purchases. Led negotiations, due diligence and business reviews for major acquisition. Implemented acquisition structure that resulted in $200,000 of tax savings. Successfully handled all banking, legal and insurance functions, including: negotiating bank loans and insurance renewals. Coordinated year-end audits and handled all internal and external financial reporting and managed all financial departments of the Company. Coordinated three major computer system conversions.

Chief Financial Officer/Controller

Modernage Furniture Inc

$45 million retailer Reengineered financial operations of the company, resulting in decreased costs. Led transition of financial departments to Atlanta, as a result of Parent Company's decision to consolidate operations. Managed all financial areas and data processes Led all bidding for insurance policy renewals. Prepared monthly financial reports and regular cash flow financial forecasts. Coordinated audits with outside CPA firm.

Audit Manager

Deloitte

"Big Four" International Accounting Firm Promoted to audit manager in only four years. Handled a broad client base from small start up companies to SEC companies. Performed due diligence reviews related to stock and asset purchases. Directly communicated with public companies, investment bankers and attorneys regarding registration statements for debt and equity filings.