Jon Szczur In 60 Seconds...
A multifaceted Chief Financial Officer and CPA in the Greater Toronto Area of Vaughan with over 25 years of senior finance experience and a proven track record of establishing cross-functional partnerships, Jon delivers stellar results in dynamic, fast-paced, entrepreneurial manufacturing environments and growth companies.
Key proficiencies include financial oversight, business knowledge and operational insight, strategic vision and leadership, talent management, and a passion for technology.
Specialist Skills
Public & Private Reporting
Ensure compliance with financial reporting and compliance activities in both Canada and United States (TSX & NASDAQ).
System Implementations
Streamline processes and workflows through system optimizations, ERP implementations to improve decision making and enhance shareholder value.
Crisis & Turnaround Management
Provide expertise and guidance through numerous restructuring activities focused on balance sheet, working capital and operational and profit improvements.
Mergers, Acquisitions & Corporate Integrations
Direct negotiations, diligence, risk assessment and accretion forecasting in effort to generate synergies and lasting financial impact.
Budgeting, Forecasting, Modeling & Cash Flow Reporting
Redesign enterprise-wide planning and forecasting processes including development of operating plans, forecasts, dashboards, KPI’s and financial models.
Track Record Highlights
- Partnered with VP Sales on a new customer segmentation model, increased sales, enhanced key customer focus and improved margin analysis. Helped grow Company from $20 million to $300 million over a 10-year period.
- Reduced receivable collections from 45+ days to 23 days. Minimized bad debt exposure to 0.5% of sales over 10 years. Instituted strict credit and collection initiatives protecting long range interests and increased cash flow companywide.
- Championed restructuring and ERP activities post merger. Successfully transitioned staff, migrated systems, and reengineered all business areas within 18 months. Positioned company for efficiency and growth. Profits elevated 15%.
- Led restructuring in partnership with new CEO to improve operations, impact business growth and maximize cost reductions in effort to improve balance sheet, increase free cash flow and maximize profits. Resulted in improvements of over $5 million, $2 million and $3 million respectively over 18 months.
- Led due diligence and integration activities of two international acquisitions that resulted in top-line growth, improved profitability and increased overall operating efficiency. Successfully led the closure of its Markham operations.
- Obtained $15 million and further $5 million of bridge financing by way of Asset Based Lending facility to support the business. Participated in extensive diligence process, field exams, appraisals and managing a borrowing base.
- Worked closely with real estate firm on sale of two industrial properties for proceeds of $35 million. Negotiated sale and lease-back on a 10-year lease with two 5-year options at very attractive terms, creating room for arbitrage on future sublet opportunities.
Sector Experience
- Manufacturing, Transport & Logistics; Technology; Media, Collaboration & Telecommunications
- Public; Private; Entrepreneurial; Start-up; Global; Multi-site; International
- Furniture, Kitchen Cabinet & Engineered Wood Products; Payment Systems; Electronic Manufacturing Services and Recruitment.
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