Stonitsch, Herman resume - 2015-12
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Herman Stonitsch is a senior finance professional with over 30 years of experience in accounting, operations management, and financial consulting. He has worked in a variety of industries, including construction, professional sports, healthcare, and software. Stonitsch is currently an independent financial consultant in Indianapolis, Indiana, where he provides tax preparation and consulting services to businesses.
Stonitsch, Herman resume - 2015-12
- 1. HERMAN A. STONITSCH, CPA 5340 Broadway St, Indianapolis, IN 46220 317.437.8437 herm@stonitsch.net SUMMARY Decisive, operations-oriented, senior finance professional with diplomatic and collaborative management style. Excel at continuous process improvement to gain efficiency and scalability. Intellectually agile, able to integrate rapidly into new industries. Easily shift from high-growth to austerity mode as conditions dictate. Outstanding conceptual problem-solving and communication skills. Highly analytical. PROFESSIONAL EXPERIENCE HERMAN A. STONITSCH, CPA, Indianapolis, Indiana Sep 2014 Current Executive Financial Consultant & Tax Preparer While in transition between full-time permanent positions, I took advantage of my extensive network to double my long-standing tax practice and take on various consulting assignments, earning high 5- figures in fees. Notable assignments include: US OILFIELD CO, LLC (Industrial equipment lessor and solids control service provider to oil rig drillers, 75 employees). Retained for fixed 90-day term by CEO to mitigate problems emerging from recent high-growth phase, including critical cash flow issues. Led investment-banking initiative to raise 8-figure sum. CALIFORNIA-BASED SOFTWARE START-UP Created 3-year financial statement projections with dynamic budgeting/ forecasting tools for fund-raising efforts of BOD under intense deadline of four days from engagement call to finished product delivery. LOCAL YOUTH OFFENDER ORGANIZATION Currently negotiating an ad hoc assignment to support CEO and CFO during explosive growth phase. TAX PREPARATION Expanded business clientele by 75% and individual returns by over 100% over previous year. STRAND DIAGNOSTICS, LLC, d/b/a Know Error速, Indianapolis, Indiana Feb 2009 Sep 2014 Vice President of Finance (Molecular diagnostic laboratory marketing DNA-based specimen biopsy kits, 56 employees) Second employee hired at start-up incubated inside a then-six-year-old lab. Joining at the firms inception provided opportunity to execute operations management with Co-Founders, in addition to traditional range of finance roles. As company encountered reimbursement challenges, I took on additional duties for managing Billing, Reimbursement, HR, and IT, with 14 direct reports. Assisted Co-Founder in fundraising efforts. Stream-lined operational processes to accommodate >350% CAGR over 1st 3 years. INSIGHT ENGINEERING, INC., Indianapolis, Indiana 2005 2008 Controller (Civil engineering firm with 15-20 employees) Transformed accounting function from a single bookkeeper to a full-service, professional department. Designed and implemented new initiatives in accounting, reporting, budgeting, insurance, and IT. Advised Founder/ CEO on all aspects of operations, including elimination of unprofitable lines of business and customers.
- 2. HERMAN A. STONITSCH Page 2 INDIANAPOLIS COLTS, INC., Indianapolis, Indiana 1999 2004 Controller (Professional football franchise with 100+ front office employees, plus players and coaches) Completed dissolution of Colt Realty, including estate and trust work of Robert Irsay. Developed internal controls in the high-growth corporate sponsorship department. Directed financial reporting for 28 sales and marketing personnel. Reviewed and negotiated a wide variety of legal contracts. Coordinated insurance matters. COLT REALTY, INC., COLT CONSTRUCTION, INC., Skokie, Illinois 1992 1999 Vice President of Finance (1994 1999), Controller (1992 1994) (Affiliates of Indianapolis Colts football team. $30M real estate development and management firm and $7M general contracting firm) P&L responsibility for entire organization. Managed real estate portfolio and led finance team. Negotiated new tenant leases, renewals, workouts, and early terminations. Financial management, reporting, tax planning/ compliance, and insurance matters. Supervised four direct reports and eight others. Divested portfolio and began wind down of corporate affairs after Robert Irsays death. ERNST & YOUNG, LLP, Chicago, Illinois 1989 1992 Audit Supervisor (Leading international professional services firm providing audit, tax and consulting services) RON STONITSCH CONSTRUCTION, INC., Joliet, Illinois 1982 1989 Controller ($20M general contracting firm, well-respected, ranked in the top 5 regionally) EDUCATION AND CERTIFICATION Masters of Business Administration, Kellogg School of Management, Northwestern University, 2001 Bachelor of Science, Accountancy, Lewis University, 1988 Economics Coursework, University of Chicago, 1977 1980 Certified Public Accountant, State of Illinois, 1988 Active Indiana License #CP11400094 COMMUNITY LEADERSHIP & PROFESSIONAL AFFILIATIONS Trustee The Orchard School, Indianapolis, IN American Institute of Certified Public Accountants Indiana CPA Society