Jay P. Bhatt

About Jay P. Bhatt

An experienced CFO, I oversee finance-related matters at all phases of business. Securing financing and capitalization, driving turnarounds, implementing systems, and leading negotiations, fall within my realm. With an international background, I have a particular proclivity for managing the nuances presented in overseas operations with regard to the unique financial situations presented in different global locations. PEOPLE MANAGEMENT Recognizing that each person brings something unique to the table, I believe knowing my team well is essential to accomplishing whatever goal I’m working toward. I bring people together and facilitate conversation, revealing valuable information about each team member’s and their specific concerns, mitigating potential roadblocks in our journey toward the successful completion of each project. TRAINING & EDUCATION DRIVES COOPERATION Team members appreciate my efforts to show how their departments fit into the scope of the larger organization, and why attention to financial metrics matters. I present complex financial concepts in simplified terms to facilitate better understanding of scope, securing valuable cooperation from each department in the goal of meeting broader financial targets. SOLVING COMPLEX PROBLEMS Experience with multifaceted corporate challenges leads me to approach problems from a logical standpoint. Looking at the problem from all directions to gain proper perspective, parsing out the major and minor challenges, securing expert knowledge to help tackle complex issues, and delegation of tasks leads to successful achievement of each undertaking. CORE COMPETENCIES Business Restructures Divestitures Capital/Debt Acquisition/Management Deal Negotiations Strategic Tactical Execution Integrating Technology & Business Contract Mgmt Global Team Development Opening Financial Performance/ROI Global Project Management LET’S CONNECT j•••••••@gmail.com careerwebfolio.com/jaybhatt/

Experience

1. Chief Financial Officer

   National Safety Apparel

   Aug 2020 — Present · Cleveland, OH, US

   Recruited by CEO to newly created CFO position from the Wild Things acquisition below. Directed all aspects of finance function including budgeting and cash management. Successfully completed 7 acquisitions in less than 4 years with oversight of purchase price negotiation and deal structure, financial and legal due diligence, financial assessments, integration, and staffing. Manage annual external audit.• Developed finance team and implemented financial reporting, expanding team from 7 clerical staff to 14 strategic leaders and analysts in multiple sites.• Established systems of internal controls. • Reduced monthly financial reporting and close process to 4 business days.• Renegotiated senior debt facilities with regional and international banks. • Resolved multiple audit issues.• Developed and executed new quarterly board reporting package and commentary.• Restructured inventory accounting by leveraging ERP to account for inventory more accurately and provide better analysis on gross margins.• Coordinated financial aspects of relocating sq. ft. second largest operations facility located in Chicago to a new facility. Collaborated with multiple contractors to complete on budget and on time.• Implemented receivables automation and integrated with ERP resulting in improved collections and cash flow.• Headed all aspects of financial and tax due diligence for company sale to PE group.• Led or directed Quality of Earnings process resulting in a successful price negotiation.

Education

• De Montfort University

  Bachelor of Arts - BA (Hons)