1. GARY RECINELLA, CPA, CTP
Algonquin, IL 60102
(847) 309-9979
garyreci@att.net
EXECUTIVE SUMMARY
Controller… Chief Financial Officer… Improving the bottom line by championing change,
analyzing business processes and operations to find opportunities for cost reduction and
increased revenue. Expertise in cost accounting, manufacturing, process improvement,
strategic planning, budgeting and forecasting.
PROFESSIONAL EXPERIENCE AND SELECTED ACCOMPLISHMENTS
AMPCO METAL, INC., Arlington Heights, IL 2008 – Present
$20 million metal fabricator subsidiary of $90 million AMSA of Switzerland.
CFO/Controller
Responsible for day-to-day financial activities including accounts payable, cash disbursements,
invoicing/billing, customer credits and collections, payroll, inventory integrity, fixed assets, cost
accounting, insurance, benefits. Staff of three.
Increased revenue $250,000 by more accurately defining the cost of production allowing for
price increase.
Re-melted inventory, saving $600,000 in lieu of purchasing new raw material.
Reduced DSO from 48 to 29 days, adding $400,000 to cash flow.
Increase health care deductible to $2,500 saving $72,000 in premiums, and provided
employee reimbursement for medical costs between $500 and $2,500, paying out less than
$7,000 per year for three consecutive years.
Negotiated with banks to shave 150 basis points saving $53,000 in annual interest of $3.9
million revolving line of credit.
Consolidated banking services saving $5,000 annually in fees.
BANKING SYNDICATORS OF AMERICA, INC, Round Lake, IL 2007 – 2008
Providing treasury management services to small to mid-size companies to provide economies
of scale in cash management.
Partner
Responsible for start-up concept and day-to-day operations.
HEWITT ASSOCIATES, Lincolnshire, IL 2002 – 2007
$5 billion global organization providing pension services, 401K administration and benefits
consulting.
Division Controller
Responsible for leading the finance and reporting activities for a $600 million business unit.
Staff of five.
To comply with IPO, implemented initial global plan, budget, forecast and financial operating
reports.
Implemented global profitability reports for 2,500 world-wide consultants.
Redesigned and implemented client pricing and profitability guidelines leading to increased
chargeable time of $4 million annual revenue.
Implemented SOX compliance program ensuring adherence to policies and procedures for
15,000+ projects annually.
FINANCIAL SOLUTIONS @ WORK, Algonquin, IL 2000 – 2002
Provided controller functions to small business including monthly closing, operational planning,
office administration, general accounting, cash and risk management and field auditing.
2. GARY RECINELLA, CPA, CTP PAGE 2
Independent Consultant
AMERITECH CORPORATION, Chicago, IL 1995 – 2000
$20 billion telecommunications provider.
Director of Budgets, Reporting & Analysis (1998 – 2000)
Responsible for the development and consolidation of Ameritech $20 billion business plan,
financials, budgets and quarterly financial forecasts for all 17 Ameritech units. Staff of 12, four
direct.
Consolidated multi-state operation of accounting, budget and reporting group reducing labor
cost by $150,000.
Led cross-functional treasury/accounting team to re-issue bonds reducing annual interest
expense by $28 million.
Director of Planning/Budgets - Consumer Business Unit (1995 – 1997)
Responsible for directing the activities of budgets and contingency planning for $5 billion
revenue unit and $30 million capital budget. Staff of 14, six direct.
Led team to ensure that $250 million project related expense complied with approved
initiatives and effecting shareholder value.
Negotiated $10 million discount for purchase of equipment for resale from single vendor.
AMERITECH ADVERTISING BUSINESS UNIT, Troy, MI 1986 – 1995
$900 million business unit of Ameritech Corporation producing Yellow pages phone books.
Manager of Budgets/Reporting (1991 – 1995)
Directed analysis and reporting of actual results and trends for financial performance and key
value drivers as compared to budget and forecast. Staff of 18, six direct.
Consolidation three operations to Michigan reducing overhead and labor $500,000 annually.
Marketing Manager of Manufacturing and Distribution (1990 – 1991)
Responsible for $200 million expense budget for manufacturing and delivery of yellow pages.
Staff of eight, three direct.
Re-engineered and centralized multi-state invoicing process saving $200,000 in labor and
operation costs.
Identified $150,000 in refunds to company due to vendor billing.
Changed the manufacturing process for 4-color printing, saving $5 million in costs of goods.
Supervisor of Michigan Sales Division (1988 – 1990)
Responsible for developing and implementing operational and financial procedures and reports
for Michigan sales management. Staff of three.
Financial Analyst (1986 – 1988)
Prepared annual budgets for 4-state $750 million Yellow Page Directory sales.
EDUCATION AND CERTIFICATIONS
WALSH COLLEGE, Troy, MI
B.S., Accounting
Certified Public Accountant
Certified Treasury Professional, National Certification
