Jim Szakacs

Jim Szakacs

Chief Administration Officer

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As the Chief Financial Officer of TayganPoint Consulting Group, Jim is responsible for all finance/accounting, HR, information technology (IT), risk management and insurance, banking, audit, legal and personnel relations. He also develops the firm’s financial models for growth.

Prior to joining TayganPoint, Jim held several senior management positions, including: EVP & Chief Financial Officer of Eastern Research Services, LLC, CFO & Controller of Omicron Consulting, Inc, and CFO & COO of Calvary Baptist Ministries. He also served as Senior Auditor at EisnerAmper (formerly Goldenberg Rosenthal), and as an auditor and business advisor at Grant Thornton.

Recent Projects Include:

  • Reduced fixed operating expenses by 25%, year-over-year, in a turnaround situation that required dramatic reduction in overhead. This allowed for investment in innovation, capital improvements and strategic business initiatives.
  • Rebuilt HR function for 600+ work force in multiple states and Mexico, by implementing risk management planning, improving policies, procedures, training and management development, and mentoring.
  • Grew cash flow, increased product managers productivity, streamlined “real-time” project reporting and improved accounting operations through implementation of new organization-wide ERP system and overall IT system restructuring.
  • Developed turnaround/downsizing strategies and assisted in bank negotiations for distressed clients.
  • Implemented integrated system conversions including point of sale, merchandising distribution and general ledger.
  • Managed accounting and finance staffs in privately held as well as private-equity owned organizations – including financial reporting, risk management, treasury and human resources disciplines.

Recent Published Articles Include:

  • Why Mergers Fail: the CFO Role Can Make or Break an M&A Deal:  Since 2008, overall deal activity has been on the rise annually and with many cash-rich companies and continued low interest rates, the M&A environment for 2015 seems promising. Now, more than ever, organizations, and the CFO in particular, need to ensure both a successful M&A initiative and increased shareholder value.
  • Stepping Down as CFO: How to Handle the Transition:  Maybe you’ve had enough of the corporate life and it’s time to retire, maybe you’ve found a new opportunity, or maybe a new opportunity has found you — whatever your reason for leaving your current job, how you say goodbye is an important part of your legacy.

Education, Certifications, Thought Leadership & Awards:

  • B.A. in Accounting – Temple University
  • M.B.A. in Finance & Management Information Systems – Drexel University
  • C.P.A. – American Institute of CPAs
  • Certified Financial Coach

In the Community:

Jim is very active in the community; he is a part of the MBA Mentor program at Drexel University LeBow School of Business, serves as Board Chairman of Calvary Baptist Ministries, and has been a volunteer with the Greater Delaware Valley Chapter’s Annual Drive for Multiple Sclerosis since 1993. Professionally, Jim is a member of the AICPA, the Greater Philadelphia Senior Executive Group (GPSEG), and the Association for Corporate Growth (ACG).

EXPERTISE

Mergers & Acquisitions

Turnaround, Restructuring & Bankruptcies

Finance/HR Restructuring

Financial Reporting & Board Presentations

Banking Relationships, Bridge Financing & Working Capital

Team Building

Strategic Planning

Budgeting & Forecasting Operations

Operations Improvement

ERP Implementations


INDUSTRIES

Technology

Market Research

Education

Professional Services