JAMES J. SHRAGER-MBA
2000 Linwood Avenue, #17Y Fort Lee, NJ 07024
jimshrager@aol.com(201) 346.1289 H
FINANCE MANAGEMENT EXECUTIVE
Strategic Planning Financial Administrations Fiscal Management Leadership
15 plus years’ experience delivering strategic thinking and direction over a myriad of finance functions; manage allocation of
funds and control expenses to improve financial controls for domestic and international operations. Results-oriented and
decisive business leader committed to identifying opportunities to drive accelerated growth and improvement. Able to read,
analyze and interpret complex financial data. Hardworking, accountable and proactive.
CORE COMPETENCIES
Internal & SEC Reporting
Consolidations / Divestitures
System Implementations
ACA Health Care Mandate
Human Resources Administration
Revenue & Profit Expansion
Acquisitions / Joint Ventures
Accounting ~ A/P ~ A/R
P&L Management / Taxes
Office & Real Estate & IT
Banking & Insurance
Auditing / Internal Controls
FINANCE EXPERIENCE
Asset Staffing. Inc – New York, NY 2005-2016
Vice President, Finance & Administration
Coordinate financial & administrative functions for a professional services company with 4 divisions across 3 states.
Managed all financial and administrative functions to ensure sound financial structure and profitability, leading 4 staff
members. Diverse job scope includes preparation and analysis of financial statements (monthly and quarterly), chart of accounts
and other reporting systems; bank reconciliation, as well as management of A/P, A/R and cost accounts to maintain integrity
and financial stability. Oversee HR Department; administer weekly payroll, including tax, unemployment, disability, and
worker’s comp. Supervised cash collections, invoice processing, and purchasing. Key contact to vendors &suppliers.
Responsible for federal and state tax reporting requirements and insurance audits
Key Achievements:
Spearheaded opening of new branch operation in Miami, Florida and a NJ acquisition in effort to incorporate legal, tax,
and payroll requirements. Established financial management framework, policies, and procedures.
Delivered hard-hitting strategies that impacted bottom-line; reduced operating costs, improved cash collections
leading to reduction in bank borrowings while increasing bank credit lines by 40%.
Reduced cash receipts processing for a 50% savings for major vendors resulting in improvement to clerical processing;
saving 20-30 labor hours, and allowing for re-allocation of labor & increased productivity.
Responsible & managed cash management, treasury, and cultivated banking relationships for credit lines and loans, as
well as oversaw Risk Management for company wide insurance programs.
Managed company finances in a very severe national economic downturn (2008-2009) in the staffing industry that was
a major industry that had a direct impact from the fallout.
Re-engineered back office operations to bring in house from outside vendors all financial functions which saved the
company over $100K.Allowed the company to on –demand prepare financial reports for billing, cash balances,
accounts receivables etc, eliminating all unnecessary delays for stale dated data for senior management reports.
Negotiated with lead banks to reduce audit requirements for audited financial statements to a review saving 50 % of
annual accounting and audit fees.
Implemented ACA (Obama Care) with insurance brokers & carriers to provide mandated coverage to hundreds of
employees along with NYC mandated sick pay & transit fares for legal compliance for NYC employers.
VOLT INFORMATION SERVICES – New York, NY 2004-2005
Accounting Manager
Oversaw finances for $1.4 billion IT staffing company meeting business needs of Fortune 100 Companies.
Directed Accounting Department to maintain financial performance while serving as integral link to division management,
parent company, and internal and external auditors; supervised team of 3. Prepared and analyzed sophisticated reporting;
established policies and procedures to ensure compliance with Sarbanes-Oxley regulations. Led ongoing department
development; oversaw P&L, balance sheets, as well as budget and forecasts. Spearheaded quarterly management roundtables
and analyze SEC reporting.
Key Achievement:
Pioneered and introduced highly effective analytical reviews to identify and resolve revenue and expense discrepancies
with vendor and inter-company affiliates.
CONSULTING PROJECTS – New York, NY 2003-2004
Corporate Consultant
Tax Consultant for H&R Block, M. Greenwald Associates, John Fried CPA, Co., and FCMC Mortgage Corporation; separate
projects included Federal and multi-state tax returns, audits, and preparing re-financing and first mortgages.
Ogden Corporation 1995-2002
Manager of International Accounting, Aviation Division1997 to 2002
Senior Financial Analyst, 1995 to 1997
Earned promotion to direct finances for $450 million division of $1.2 billion global parent company
Directed international accounting functions consolidating operations in over 25 countries across Central and South America,
Canada, Europe, and the Asia Pacific region; right hand support to Managing Directors, CFOs and Controllers. Administrator of
worldwide capital expenditures; and reporting (SEC and Annual Report) for all foreign subsidiaries in Latin America, Asia
Pacific, Europe, and Canada. Synchronized reporting function connecting NY, Latin America and Asia Pacific regarding loans,
and cash and dividends worth $20M annually; oversaw tax, treasury, and joint ventures. Led Hyperion System implementation;
developed international accounting package.
Key Achievements:
Analyzed capital projects (fixed assets, acquisitions and joint ventures) valued at $5 to $15M annually.
Chosen to lead complex projects such as establishing accounting departments in the Far East; developed finance and
accounting controls, and led recruiting, staffing and training initiatives.
Traveled to China to organize accounting office, and to conduct an in-depth review of U.S. reporting requirements.
Created highly effective Fixed Asset System. Managed project for staffing for new operations in Hong Kong &Macau.
Played a key role in leading divestiture of multiple operating groups. Structured and negotiated contracts and finance
settlements with joint venture partners, Bank of NY, and GE Capital.
ACOUSTIGUIDE CORPORATION, New York, NY 1989 to 1995
Director of Accounting
Oversaw financial reporting, cash flow statements, forecasts, annual budgeting for U.S. and foreign operations.
Directed 12 management level staff engaged in a wide range of department functions, such as cash management, A/R, A/P,
payroll, inventory, tax preparation, and database administration. Prepared tax returns (worldwide, partnership and international
holding company), and coordinated annual KPMG Peat Marwick audit.
Key Achievement:
Partnered with (6) International Accounting Firms to develop and institute improved quarterly and year-end reporting..
EARLIER CAREER HISTORY INCLUDES: A I G, American Express, Random House, and Continental Grain.
EDUCATION AND CREDENTIALS
MBA in Corporate Finance Fairleigh Dickinson University – Teaneck, New Jersey
BA in Business Administration & Accounting Rutgers University – New Brunswick, New Jersey