☎ Call or Text +1-469-585-0055
✉ PDKLee@verizon.net
I am a proven Chief Financial Officer (CFO) who thrives on increasing profit & creating shareholder value. Over 25 years of finance and treasury experience in multiple industries including retail, real estate, wholesale distribution, environmental services, energy, oil & gas, senior housing, healthcare, manufacturing and franchising in Dallas Fort Worth. Open geographically.
✔ Secured and negotiated over $2B in loans
✔ Grew EBITDA with Executive Team from $26 million to over $180 million in nine years
✔ Participated actively in successful sale of 2 Companies and filings of S-1's for 3 IPO's
✔ Created significant process improvements, reduced cost 50%+ & increased Cash Flow $65M+
✔ Implemented commodity hedging program protecting 150M Gallons of Oil
✔ Critically involved in 20+ M&A transactions valued at $600M+
✔ Created Risk Management program for three companies
Financial Leadership Roles with: Safety-Kleen (Clean Harbors), Mortgage Contracting Services, Tatum (Randstad), Capital Senior Living, Chief Auto Parts (AutoZone), Brice Foods, I Can't Believe It's Yogurt.
Contact me if you need:
✔ Trusted Financial Leader providing Financial Integrity to Achieve Mission.
✔ Proven Turnaround Expert
✔ "Deal Guru" or "Cash King"
✔ To Create Shareholder Value
Specialties: CFO, Chief Financial Officer, Treasurer, Vice President of Finance, Board Member, Corporate Finance, Treasury, Risk Management, Credit & Collections, Financial Planning & Analysis, Process Improvement, M&A, Investor Relations, General Accounting, IPO’s, Turnarounds, Budgeting, Bank Debt, Finance, Leader, Executive, Bank Negotiations, Cash Management, Public or Private, Private Equity, PE, Board Presentations, Real Estate, Retail, Multi Unit, Wholesale Distribution, Energy, Oil & Gas, Senior Housing, Healthcare, Environmental Services, Ethical, Partners with executive team, High energy, Positive attitude, Contract CFO, Interim CFO, Fractional CFO.
Chief Financial Officer @ Coburn Supply Company, Inc., operates locations in Texas, Louisiana, Mississippi, and Tennessee to provide innovative products for the kitchen and bath, residential and commercial plumbing, heating and air conditioning, electrical, builder/contractor, and waterworks projects. Our operation of three Central Distribution Centers in Texas, Louisiana, and Mississippi enables Coburn’s to offer fast and efficient service to our customers. From May 2015 to Present (8 months) Beaumont/Port Arthur, Texas AreaCFO (Chief Financial Officer) Engagement Partner, Contract, Fractional, Interim (Dallas Fort Worth) @ Tatum, a Randstad company is a leading professional and interim services firm who offers hands-on strategic, financial and technology solutions to measurably improve business performance and meet professional and interim needs. As a CFO (Chief Financial Officer) Engagement Partner, I am a trusted and strategic CFO who thrives on increasing profit & creating shareholder value. I have over 25 years of finance experience in multiple industries including retail, real estate, environmental services, wholesale distribution, energy, oil & gas, senior housing, healthcare, manufacturing and franchising.
Placements include
✔ Dell to provide consulting on $25 billion buyback regarding the proposed debt structure (2013)
✔ Mortgage Contracting Services to lead finance team in merger of three companies (2013-2014)
✔ Homeland HeathCare as interim CFO to work through audit, refinance and forecasting (2015)
Specialties: Contract CFO, Interim CFO, Fractional CFO, CFO, Chief Financial Officer, Board Member, Treasurer, Vice President of Finance, Corporate Finance, Treasury, Risk Management, Credit & Collections, Financial Planning & Analysis, Process Improvement, M&A, CapEx Planning, Investor Relations, General Accounting, IPO’s, Turnarounds, Budgeting, Financing, Capital Expansion, Finance, Leader, Executive, Bank Negotiations, Cash Management, Public or Private, Private Equity, PE, Board Presentations, Trusted, Ethical, Dedicated, Mentor, Team Player, Strategic, Partners with CEO/COO and executive team to achieve great results, High energy, Positive attitude. From 2013 to 2015 (2 years) Dallas/Fort Worth AreaChief Financial Officer (CFO), (Dallas Fort Worth) @ Mortgage Contracting Services was founded in 1986. MCS services include property inspections, property preservation, REO property maintenance, valuation services and more. The success of MCS is the result of continuous focus on building long-term relationships with mortgage servicers based upon trust and integrity. MCS strives to hire the best people in the industry who share values and are committed to providing exceptional service. MCS has built a management team with more than 400 years combined experience in the industry, rivaling that of any field preservation company. MCS serves some of the industry’s best and largest real estate servicing companies.
As Chief Financial Officer, CFO, oversaw finance team encompassing Controllership, Vice President of Finance, Quality Control, Risk Management, Accounts Receivable, Accounts Payable, Payroll and Tax.
✔ Played an integral role in integrating merger of three companies increasing revenue over 25%, growing company’s EBITDA over 30% and creating over $10M in synergies.
✔ Implemented internal controls to decrease travel expenses and business expenses.
✔ Oversaw the reconciliation of a subsidiaries largest customer balancing revenue, accounts receivable and billing.
✔ Developed consolidated budget for three companies projecting synergies and organic growth.
✔ Presented monthly financials to board of directors and quarterly financials to new bank group.
Specialties: CFO, Chief Financial Officer, Board Member, Corporate Finance, Treasury, Risk Management, Credit & Collections, Financial Planning & Analysis, Process Improvement, M&A, Investor Relations, General Accounting, Budgeting, Financing, Capital Expansion, Finance, Leader, Executive, Bank Negotiations, Cash Management, Private Equity, PE, Board Presentations, Real Estate, Trusted, Ethical, Dedicated, Mentor, Team Player, Strategic, Partners with CEO/COO and executive team to achieve great results, High energy, Positive attitude. From 2013 to 2014 (1 year) Dallas/Fort Worth AreaTreasurer, Vice President (reporting to CFO), (Dallas Fort Worth) @ Safety-Kleen was privately held with $1+ billion in revenue. SK was the leading provider of used oil re-refining, parts cleaning and industrial waste management in North America with over 4300 employees and 200 locations in US, Canada, Mexico and Puerto Rico.
As the VP, Treasurer, guided team consisting of obtaining, negotiating and closing both debt and equity, forecasting cash flow, accelerating AR, managing cash, maintaining lender and bank relations, & corporate finance functions.
✔ Played an integral role in growing company’s EBITDA from $26 million in 2004 to $180+ million in 2012 as revenues increased from $867 million to $1,350+ million.
✔ Replaced $175 million of sub debt & $350 million of senior secured debt with debt & equity generating $27.5 million a year in interest savings.
✔ Negotiated & closed a $350 million senior secured credit facility which eliminated restrictive covenants & saved over $20 million a year in interest expense.
✔ Played key role in filing prospectus for two IPO’s. (The first process was shelved due to market conditions & the second process was replaced with the sale to a strategic buyer.)
✔ Implemented commodity hedging program to reduce exposure and volatility protecting future earnings growth.
✔ Revised credit & collection policies and procedures which allowed for a 60% reduction in staff, a $10+ million annual reduction in bad debt expense, a 35% reduction in DSO and $65+ million in cash flow.
✔ Implemented p-card program to reduced checks processed, increased payment terms, increased rebates & provided a competitive advantage to service employees.
✔ Streamlined the cash application process resulting in a 50% reduction in staff.
✔ Generated of $150+ million in additional liquidity through legal settlements, tax refunds, sales of excess property and proper cash management.
✔ Finalized emergence from bankruptcy with the completion of holdback payments.
Reporting to Chief Financial Officer (CFO), Private Equity, IPO From 2004 to 2013 (9 years) Dallas/Fort Worth AreaVice President of Finance, (reporting to both the CFO and Chairman), (Dallas Fort Worth) @ Capital Senior Living Corporation is publicly traded on the NYSE (CSU) as one of the nation’s largest operators of residential communities for senior adults. They emphasize a continuum of care, which integrates Independent Living, Assisted Living and Home Care services to provide residents the opportunity to age in place. CSU owned and/or operated 43 senior living communities in 20 states.
As VP, Finance reporting to both the CFO and Chairman, obtained, negotiated and closed both debt and equity, forecasted earnings and cash flow, completed acquisition analysis and managed risk management.
✔ Played a key role in developing strategic initiatives aimed at enhancing cash flows, simplifying the balance sheet and maximizing the long-term shareholder value.
✔ Obtained $100 million in senior debt and $20 million in mezzanine debt to acquire 8 and refinance 3 communities increasing revenue by $22 million and EBITDA by $10.5 million.
✔ Negotiated, secured, increased and managed $187 million of project based financing which allowed the company to expand through the development of 21 new communities.
✔ Secured and negotiated a $12 million equity contribution in affiliate which provided for the repayment of outstanding debt to the Company increasing cash for future acquisitions.
✔ Created a five-year forecast for the Company to provide guidance to the market and anticipate future cash needs and capital requirements.
Specialties: Vice President of Finance (reporting to Chief Financial Officer (CFO)), Corporate Finance, Treasury, Risk Management, Financial Planning & Analysis, Process Improvement, M&A, Investor Relations, General Accounting, Budgeting, Financing, Capital Expansion, Finance, Executive, Bank Negotiations, Public, Board Presentations, Real Estate, Multi Unit, Senior Housing, Healthcare, Trusted, Ethical, Mentor, Team Player, Strategic, Partners with executive team to achieve great results, High energy, Positive attitude. From 1999 to 2004 (5 years) Dallas/Fort Worth AreaAssistant Treasurer, (reporting to CFO) (Dallas Fort Worth) @ Chief Auto Parts was one of the nation's largest automotive aftermarket retail chains with 550+ locations generating in excess of $465 million in revenue. Privately held with $130 million of SEC publicly registered high yield debt.
As Assistant Treasurer reporting to the CFO and acting as Treasurer, directed the treasury function consisting of debt placement and management, cash flow, lender and bank relations, risk management and corporate finance functions.
✔ Negotiated a $100 million asset based revolving loan agreement allowing the company to continue growth and acquisition plans.
✔ Placed $130 million senior notes to return $75 million to owners and repay a portion of debt.
✔ Secured and negotiated a $250 million facility to finance the acquisition of a competitor.
✔ Supported efforts to file a prospectus for an IPO. (This process was replaced with the sale of the company to a strategic buyer)
✔ Simplified cash concentrations for 550+ locations with significant time & cost savings.
✔ Restructured the Risk Management program with new cost-effective policies to reduce and stabilize costs, increase coverage and control the impact of various balance sheet reserves.
Specialties: Assistant Treasurer (reporting to Chief Financial Officer (CFO)), Officer, Corporate Finance, Treasury, Risk Management, Process Improvement, M&A, General Accounting, IPO’s, Turn-Around, Budgeting, Financing, Capital Expansion, Finance, Leader, Executive, Bank Negotiations, Cash Management, Private Equity, PE, Retail, Multi Unit, Trusted, Ethical, Mentor, Team Player, Strategic, Partners with executive team to achieve great results, High energy, Positive attitude. From 1992 to 1998 (6 years) Dallas/Fort Worth AreaCash Manager/Treasury Analyst/Financial Analyst @ Brice Foods, Inc (I Can't Believe It's Yogurt) was a family owned manufacturing, operating and franchising company with 1000+ locations across the country.
As Cash Manager responsibilities included cash management, credit, collections, forecasting, budgeting and analysis.
✔ Developed initial investment policy and credit card acceptance program for Brice Foods, Inc.
✔ Revised credit policy and developed automated reporting for management.
✔ Developed initial budget manual to streamline and assist managers with budgeting.
✔ Analyzed results of franchise stores and presented trends.
✔ Implemented a computerized financial reporting system to improve forecasting. From 1988 to 1992 (4 years) Dallas/Fort Worth Area
Bachelor of Business Administration (BBA), Finance and Financial Planning @ Baylor University From 1984 to 1988 Paul Lee is skilled in: Mergers & Acquisitions, Corporate Finance, Cash Management, Finance, Risk Management, Forecasting, Cash Flow, Accounting, Financial Reporting, Treasury, Strategy, Treasury Management, Investor Relations, Leadership, Management
Websites:
http://www.tatum-us.com