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SUMMARY OF EXPERIENCE
A Senior Financial, Systems and Accounting Manager with significant experience in the development, creation and management of accounting and reporting systems gained both internationally and domestically. Have worked in the United States and the United Kingdom for Citibank, Xerox, Yale, Louis Dreyfus, and Pepsi Cola to manage Controllership/accounting functions and to develop online and real time reporting systems to meet the needs of sales, manufacturing and operating management.
All of the following tasks required both the detailed planning of resources [human and hardware], as well as financial planning and/or time planning depending on the nature of the task. Tools used go from a simple Excel Spreadsheet; to Oracle Analyzers [OEA/OFA]; to Microsoft Project. The goal is always 'no surprises.'
SKILLS:
ERP Software: Oracle Financials, Release 11i, Siebel, CRM, MAX-ERP manufacturing suite of programs, Use Cases
Software: MS Project, Oracle, Visio, Rational, Actuate, Rational Rose Case Tools, Siebel, BRIO, Calms, Great Plains, Solomon, Quickbooks
Development Abilities: Functional & Technical Specifications, Interface Design [GUI], Methodology & Procedures, Benefits Analysis & Administration and Technical Writing
Office Software: MS Office 97/00– Word/PowerPoint/Access/Outlook/ Excel [including interactive modeling, analyses, database management and extensive use of Macros], Great Plains, Peachtree Accounting, Quick Books and Solomon.
Project Abilities: Vendor Management, Case Preparation & Presentation, Team Building, Peer Leadership, Microsoft Project [Planning & Scheduling]
Languages: SQL, UML
OS: Windows 95/98/00/NT/XP
Industry Knowledge: Banking & Finance, Software, Education, Trading, Consumer Products, Manufacturing
EDUCATIONAL BACKGROUND
Hofstra University; Hempstead, New York
MBA, Finance and Management – 1966
1st in Class
University of Bridgeport; Bridgeport, Connecticut
BA, Psychology – 1963
BUSINESS EXPERIENCE
Endeavor Capital Management
Westport, Connecticut
May 2003 to August 2004
The firm's mission is to seek superior returns from a portfolio of private equity investments by deploying the skills and experience of its principals in an effort to build valuable businesses by providing active, value-added involvement to talented management teams. In 2003, the company reported approximately six employees.
CHIEF FINANCIAL AND INFORMATION OFFICER
Reports to the Managing General Partner. Manages a team of six through two direct reports. Responsibilities include management of all systems, installation, and storage devices, and ensuring monthly, quarterly, and annual numbers are met.
- Developed finance organizational strategies by contributing financial and accounting information, analysis and recommendations to strategic thinking and direction, and establishing functional objectives in line with organizational objectives.
- Established finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality and customer service strategies; designing systems, resolving problems, issuing RFP's and implementing change.
- Reported financial status to senior management monthly and quarterly by developing forecasts; reporting results; analyzing variances, and developing improvements. Books brought in conformance with GAAP. Produced global and granular P & L and Balance sheet reports.
Independent Contractor
New Canaan, CT
January 2002 to May 2003
Revised the Foreign Currency General Ledger in Oracle 11i at Mastercard. Reworked the financial reporting for the Presbytery of Southern New England. Tax and Accounting work for private individuals.
Fleetboston Financial Corporation
Boston, Massachusetts
July 2001 to October 2001
FleetBoston Financial was bought by Bank of America, which paid nearly $47 billion for the company in 2004. FleetBoston, the ninth-largest bank in the United States when the deal was announced in October 2003, operated some 1,500 branches in the Northeast through main subsidiary Fleet National Bank. It also had some 250 offices in about 25 other countries, with a significant presence in Latin America where it operated as BankBoston. In addition to offering traditional retail and commercial banking, the company was one of the largest loan servicers in the country, especially of credit cards and residential mortgages.
TECHNICAL PROJECT MANAGER
Development of customized Siebel/CRM software. Provided infrastructure project planning and relationship management for specific development and modernization projects in the Wholesale Bank, which were planned to transform the Corporate Client Services model [CRM]. The purpose of this new structure was to facilitate the customer's interaction with the bank, which was accomplished by adding the ability to service all products, and shifting to a client-centric, multi-tiered environment.
NITORUM CORPORATION
Norwalk, Connecticut
September 1999 to January 2001
Nitorum Corporation is the developer of Intelligage™, a leading business-to-business e-procurement application for acquiring services and managing service suppliers.
MANAGER, BUSINESS ANALYSIS AND INTERNATIONALIZATION
Reported to the Vice President, Development. Managed a team of six through six direct reports. Software development for procurement, accounting and human resources. Project Manager for the development of the Intelligage™ System of Human Capital Procurement. This ERP and procurement system was designed to account for the expenditures and control of the engagement of Systems consultants. Instituted a fast track process for code development by using the Rational Unified Process and having Senior Business Analysts supervise the development and approval of code. The product is successfully up and running at Merrill Lynch.
- Designed reporting that allows the hiring manager to view the metrics of each preferred vendor as well as the efficiency of the consultants hired. Time and expense reporting are an integral part of the product.
- Designed interface so that all Client Accounting systems would be in agreement with this third party system.
- Hired six very senior Software Designers/Business Analysts, and Documentation Specialists for the first web-based software solution designed to automate the process of procuring business professionals from managing the hiring process (candidates and vendors) to keeping complete histories of each and every vendor to tracking time cards after the hire has been made.
- Led development of an Internet based Billing and Payment application.
- Researched financial systems, created business process flow, wrote functional requirement specifications including workflow diagrams, GUI design, and data requirements for an Oracle database System.
- Instituted the design for a new Internet based Multiple Cost Center Module for financial applications.
- Utilized use cases and requirement documentation for object oriented development.
- Created Fixed Cost modification for financial application. Documented system using requirement documentation including workflow process, GUI and data requirements.
- Created test scripts as a model for QA department.
- Performed unit and regression testing of new and existing internet-based systems.
Management Basics Inc.
New Canaan, Connecticut
January 1989 to September 1998
Vice President And Senior Consultant – Yale University
March 1998 to September 1999
Reported to the Director of Data Warehousing. Managed a team of six through six direct reports. Served as Project Manager and Business Analyst at Yale University in a joint venture with Oracle utilizing Oracle Financials, Release 10.7 in a university environment.
- Led a team of six developers that completely designed the internal and external reporting of all metrics at Yale University.
- This involved a complete inventory of existing reports, meeting with internal and external users and determining the appropriate metrics.
- This was the offshoot of completely rewriting Yale's Chart of Accounts.
- Led the functional installation of Oracle Payables and Procurement. Was instrumental in the development and installation of the Oracle Human Resources and General Ledger Module..
- Assignment was to understand and document user's needs to capture data attributes for Data Warehouse, which leads to the design and specification of all customized financial outputs from the new system.
- These reports were necessary to comply with the accounting requirements of all grantors of funds.
- Tools used included the use of Oracle Financial Analyzer, Oracle Express Analyzer, Inter/Intranet, Web Interfaces, and Brio Query.
PROJECT MANAGER AND BUSINESS ANALYST – LOUIS DREYFUS CORPORATION
January 1997 to February 1998
Louis Dreyfus Corporation is a subsidiary of global conglomerate Louis Dreyfus Group, and handles the Group's grains and oilseeds exports in the United States and Canada, as well as sales for the United States and Canadian coffee markets. The company also offers various risk management products and services for agribusiness customers.
Reported to the Chief Information Officer. Managed a team of six through two direct reports. Served as the Project Manager and Business Analyst and interface between PowerBuilder Developers on an Oracle Database and an intelligent user base at Louis Dreyfus. Functional Lead on the installation of Payables Module.
- Managed the development of an accounting interface between ADP and the General Ledger
- Managed SQL*Time (A sophisticated accounting package) and the day-to-day relationship with the vendor.
- Planned, documented and implemented sophisticated management and control reports.
- In this assignment, the following tasks were paramount documentation of requirements, coordination with developers, and heavy user acceptance testing.
Project Manager And Business Analyst – Pepsico International
March 1994 to November 1996
PepsiCo International (PBI) makes and sells soft drinks and juices under the Pepsi, Mirinda, Mountain Dew, Gatorade, and Tropicana brands in 175 countries outside of North America. Most are sold through franchised bottlers. Also included among its activities is the international sale of Frito-Lay snacks. The Pepsi division operates 150 plants and 1,450 offices, warehouses, and other facilities.
Reported to the International Director, Procurement and Engineering. Managed a team of 15 through three Consultants direct reports. As full life cycle Project Manager and Business Analyst, designed and implemented a multi-currency, multinational financial, accounting, and operating reporting system in seventeen different countries through the installation and implementation of a Manufacturing and ERP program. The two products used were Great Plains Accounting and MAX [A PC-based ERP Product] and sophisticated telecommunications.
- The purpose of installing these two systems was to establish information about all line items on a Profit and Loss Statement and Balance Sheet, as well as Order and Entry and Inventory control.
- This reporting suite met all of Pepsi's requirements for metrics in this de novo entity.
- Three-dimensional integrated modeling techniques were used to help grow the business for Pepsi Cola International. This assignment requires all of the following key tasks: Assessment of user requirements, documentation of requirements, coordination with developers, coordination user acceptance testing, troubleshooting, and problem management/resolution.
Trust Controller – General Electric Investment Corporation
March 1993 to December 1993
General Electric (GE) produces aircraft engines, locomotives and other transportation equipment, appliances (kitchen and laundry equipment), lighting, electric distribution and control equipment, generators and turbines, nuclear reactors, medical imaging equipment, and plastics. Its financial arm, which includes commercial finance, consumer finance, equipment management, and insurance businesses, accounts for nearly half of the company's sales, making GE one of the largest financial services companies in the United States.
Planned and implemented a series of Accounting and Management Information procedures to meet management needs and that of Federal Government under ERISA. Managed accounting and reporting for mutual funds and pension assets. Tasks included position update, mark to market, calculation of realized and unrealized P&L gains and (losses).
Credit Manager – Pepperidge Farm, Inc.
April 1991 to December 1992
A subsidiary of the Campbell Soup Company since 1960, Pepperidge Farm is part of the company's Biscuits and Confectionery segment, which accounts for about a quarter of Campbell's total sales. Other products in the Pepperidge Farm line include puff pastry, stuffing, and frozen cakes and breads.
Rehabilitated, increased cash flow, and developed operating procedures.
Account Manager – Federal Deposit Insurance Corporation
February 1990 to April 1991
Federal Deposit Insurance Corporation, which guarantees deposits of up to $100,000 in banks and thrifts, was created in 1934 in response to the banking crises related to the Great Depression.
Managed commercial and mortgage loans and was instrumental in the sale of assets of the American Savings Bank.
Project Manager – Connecticut Mutual Life
June 1989 to January 1990
For full life cycle designed and developed a complete investment-banking plan, which demonstrated, how a complete realignment of the Broker-Dealer, Investment Management divisions could increase profitability.
Project Manager – Independence Insurance
January 1989 to April 1989
Installed the complete Solomon Package for this nursing home care insurer.
Xerox Corporation
Stamford, Connecticut
September 1985 to June 1988
Xerox is best known for its color and black-and-white copiers, but it also makes printers, scanners, and fax machines. The company also sells document management software and copier supplies, offers such services as consulting and document outsourcing, and holds a stake in a joint venture with Fuji Photo Film called Fuji Xerox.
Vice President, Financial Business Development
Independently managed start-up venture in the municipal bond insurance business (Bond Investors Guaranty) and was simultaneously Chairman of the Risk Underwriting, Reinsurance, and Investment Committees. The assets at risk from this municipal insurer were more than $2 billion. Also managed the Xerox investment in AMBAC, another large bond insurer. These three ventures had an aggregate investment of over $300 million.
- Designed and implemented a unique funding strategy by often using untried vehicles that generated $23.8 million in profit on a funding base of $1.5 billion.
- Helped to establish and run Xerox Life and did special projects for their property and casualty company.
Citigroup Inc.
New York, New York
March 1975 to September 1985
Citigroup is the world's largest financial services firm. The leading credit card issuer in the United States and the first domestic bank with more than $1 trillion in assets, Citigroup and its myriad subsidiaries offer banking, loans, asset management, insurance, investment banking, and practically every other retail and corporate financial service you can think of. The company has more than 3,000 bank branches and consumer finance offices in the United States and Canada, plus an additional 1,500 locations in about 100 other countries.
Chief Operating Officer – Citicorp International Trading Company
1983 to 1985
Created and managed a trading company that dealt in barter and counter trade.
- Successfully completed a series of assignments in this premier financial institution that had the common thread of having to take a highly problematical, chaotic, or potentially high-risk situation with the task of rationalization, communication, and creation of effective long-term solutions.
Controller, Investment Banking
1982 to 1983
- Created a global financial control function, as the result of a merger of two independent businesses and developed a risk management system that limited overall global exposure.
Controller, Europe
London, United Kingdom
1980 to 1982
Managed a $6 billion problem through the conceptualization and development of the largest on-line real time accounting system in the history of the bank. Sourced, developed, and trained 40 local personnel in accounting, tax, and systems disciplines.
Corporate Director, Purchasing And Accounts Payable
1979 to 1980
Managed all of Citibank's domestic purchasing and payables after it was discovered that there were very serious problems of defalcation, kickbacks and process.
- Worked down a $140 million non-payment problem.
Chief Administrative Officer, Worldwide Audit
1978 to 1979
Upgraded, reorganized, and professionalized a 60-person global administrative group that was responsible for program development, financial control, regulatory interface, Board of Director's reporting, systems and data center, and personnel. Introduced Foreign Corrupt Practices Act [Precursor to Sarbanes Oxley].
Group Controller, North American Banking Group
1975 to 1978
First professional controller hired by Citibank with the mandate to create a financial control and usable MIS function in this entity that included corporate lending, real estate and asset based finance.
GAF Corporation
New York, New York
March 1972 to March 1975
Group Controller – Photo and Reprographics
1973 to 1975
Responsible for all MIS and accounting on a nationwide basis for the $225 million sales unit.
Division Controller – Consumer Photo
1972 to 1973
Classic manufacturing Controllership function in a multi-plant environment that included profit planning, inventory control, cash and collections, payable and audit.
Seagram & Sons
New York, New York
1969 to March 1972
Assistant Controller – Non-Alcoholic Subsidiary
Senior Financial Analyst – French Wine Companies
Senior Financial Analyst – Texas Pacific Oil And Gas
Johns-Manville
New York, New York
March 1966 to November 1967
Senior Financial Analyst – Cement And Plastic Pipe
General Foods
White Plains, New York
August 1965 to March 1966
Corporate Budget Analyst
Compensation
Mr. Sultan reports receiving an annual base salary of $125,000 per year as well as equity.
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