RICHARD B.

SOSCIA
Campbell Hall, NY 10916 (845) 427-2631 • clients.summit@att.net

QUALIFICATIONS
Entrepreneurial and results-oriented Financial Executive with extensive history implementing innovative and cost-effective financial and information-systems practices that strengthen corporate operations within multimillion-dollar environments. Proven track record of collaborating with senior executives to recommend, design and execute intuitive, consultative solutions that promote strategy development and financial modeling across all operations. Leverages extensive analytical and accounting experience to identify opportunities for system enhancements and operational improvement. Applies expertise in financial analysis, discounted cash flow, return on investment, cost controls, expense management, project management, process improvement and change management to enhance productivity, minimize variances, reduce expenses, and increase value to the customer and company. Action-oriented and self-directed innovator able to optimize available corporate resources while maintaining comprehensive regulatory compliance and security, with leadership ability needed to build and maintain successful cross-functional teams supporting all business segments. Proactive, effective and expeditious decision maker. Politically in-tune with ability to garner collaboration among different personalities and agendas.

WORK HISTORY
PRESIDENT: SUMMIT FINANCIAL SERVICES GROUP, INC. .................................................................................1995 to Present PARTNER, RICHARD B. SOSCIA, CPA, PC ....................................................................................................... 1990 to 1995 (Richard B. Soscia, CPA, PC merged with Summit Financial Services Group, Inc. in 1995)

Provides financial services and insight to businesses, ranging from start-ups to Fortune 500 companies. Contract-based company for specific scopes of work advising clients on economics, accounting/financial reporting, business operations, site selection, manufacturing facility layout, marketing, sales, and human resources. Guides a team of accountants, economists, business/financial consultants, financial planners, and tax specialists in providing functional systems to monitor accounting and financial information providing additional value propositions incorporating industry, technical and economic changes into an organization, using change management, process development, and macro- and micro-economic models to facilitate strategic planning and infrastructure design. Particular emphasis placed on financial statement review and opportunities for operational efficiency gains.
Employs risk management to develop risk analysis systems to prevent and/or resolve potential problems and develops risk/return models for projects and investments. Functions as needed in interim executive roles for client firms during startups or major transitions.
OTHER KEY RESPONSIBILITIES

--- Designs accurate, open, and understandable measurement of divisional and functional performance, including income statements, balance sheets, and meaningful metrics to catalyze improved performance. --- Uses allocation and transfer pricing that can be explained and understood and that encourages rational behavior. --- Teaches and promotes high performance measurement and evidence-based decision making. --- Maintains a long-term financial model that incorporates strategic growth initiatives, enterprise valuation, capital structure, and cost structure trends.

RICHARD B. SOSCIA
Campbell Hall, NY 10916 (845) 427-2631 • clients.summit@att.net

MANAGER PRICEWATERHOUSE COOPERS……………………………………………………………………………………………….1985 to 1990 Managed and performed local and global auditing functions from start-ups to Fortune 100 companies, incorporating forensic accounting, business valuation, internal control and information systems reviews, following Sarbanes/Oxley rules and regulations, FASB principles and AICPA auditing procedures. Reorganized and implemented regional centralized inventory control and purchasing systems that resulted in a PwC client (Fortune 400 company) achieving a $50M increase in profitability. Reviewed the printing operation of a Fortune 100 Company prior to the introduction of technological innovation and recommended the sale of this subsidiary to increase ROI and EBITDA. Recommendation included maintaining an experimental plant that was developing technology that could eventually be sold or licensed
OTHER KEY RESPONSIBILITIES INCLUDED:

Office theoretician, teaching Sarbanes/Oxley, recently released FASB principles and auditing procedures to clients and staff members. Taught other accounting professionals as Chairman of the Accounting and Auditing Committee of the Westchester Chapter on the New York Society of CPS’s. Requested by senior partner to assist Pace University design a three-tier approach and institute a minimum GPA for its CPA program to elevate accounting students’ knowledge and capabilities. Appointed manufacturing specialist based of my background in manufacturing engineering and my work at Curtiss Wright Aerospace, assisting the PwC consulting group in certain projects. Worked with the tax department on both US and international tax matters, including deferred tax accounts, tax briefs and tax calculations. Developed operational and capital budgets Financial analysis and modeling Financial statement review, approval & distribution Review and approval of all legally required tax and regulatory filings. Presentations to key partners, financial institutions, management and staff, communicating company vision, financial positions, technologies in use and strategies.
.

ENGINEER
CURTIS W RIGHT AEROSPACE……………………………………………………………………………….1981 to 1985

Provided a wide range of engineering services to Curtis Wright Aerospace’s largest manufacturing facility; instituted efficient manufacturing processes for short-run custom components and introduced best practices to align production with scheduling. Initiated a successful effort at to save a $10M contract with Pratt & Whitney and transitioned an entire manufacturing profit center and related ancillary services (including scheduling and purchasing) from a pyramid structure to a customer-oriented center. Boosted on time scheduling from 40% to 85%, while realizing an additional $500K in annual profits via cost reductions.

EDUCATION
M.B.A. in Accounting and Finance; Minor in Economics – Rutgers Graduate School of Business B.S. in Engineering – Saint Peter’s College Certified Public Accountant Fellow, American Board of Forensic Accountants Association of Management Consultants and Experts Certified Financial Planner Certified Valuation Analyst Chartered Global Management Accountant

RICHARD B. SOSCIA
Campbell Hall, NY 10916 (845) 427-2631 • clients.summit@att.net

KEY ACCOMPLISHMENTS

Associated Professor of Business: Undergraduate: All Accounting, Finance and Tax courses. Graduate: Financial Management, Preparation for CPA Exam, Advanced Finance and Taxes Best Selling Author (on three Amazon categories) Breaking the Tax Code, Part II Areas of Expertise: Business Development & Modeling – Business Intelligence- Risk Analysis - Financial Management & Reporting - Financial Planning & Analysis - Accounting - Forecasting - Budgeting & Expenditures - Information Systems Design - Operations Management - Regulatory Compliance Auditing - Process Improvement – Change Management - Cost Reduction – Expense Management – Mergers & Acquisitions – Insolvency and Bankruptcy – Project Management – Enterprise Resource Management – Business Valuation – Sustainability Performance – Coaching and Mentoring - Financial Planning & Analysis - GAAP, PCI & HIPAA Compliance - Executive Presentations & Negotiations - Strategic Partnerships - Intra-Company Communications Financial, Payroll, E-Commerce, Point-of-Sale and Various Other System Implementations - Local Demographic Analysis to identify New Market Opportunities, Industry Experience: Health & Fitness, Healthcare, Pharmaceuticals, Aerospace, Manufacturing, Printing, Printing Brokers, Furniture Repairs and Refurbishing, Landscaping, HVAC, Cable Companies, Residential Construction, Real Estate, Bakeries, Textiles and Textile Design, Interior Design, Technology, Professional Services, Retail, Wholesale, Short Haul Transportation, Spa, Salon, Auto Services, Musical & Dance Arts, E-Commerce, Software Development, Equine Boarding - Training. Software Proficiencies: Excel, Word, Outlook, PowerPoint, Access, SharePoint, Visio, Project, InfoPath, InDesign, Acrobat, QuickBooks, Peachtree, Aloha, Micros, Photoshop, OneNote, Final Cut, Social Media. Other: Wrote and developed White Papers, Seminars and Conferences on Economic, Accounting and Business issues. Directed site selection and facility layout as interim CFO responsible for establishing New York City’s first thermal window manufacturing facility; secured initial financing and assisted in generating sales of $50M+. Assisted in the Start-Up of four successful businesses as CFO and COO. Businesses included the merger of a media and tech company; establishing an advertising, design and graphic arts studio; establishing a bakery and bagel manufacturer; and the restructuring of a large commercial furniture refurbishing plant. Developed strong understanding of consulting, tax theory, accounting and audit procedures and economic theory, which enabled promotion to audit manager in 3 years for a Big Four accounting firm. .