Cash is King? Forecasting, Investing and Managing Cash Today
The New Jersey CFO Leadership Council
Tuesday October 25, 2016 @ 8:00am – 10:30am
Our agenda is networking and breakfast from 8:00 a.m. to 8:30 a.m.
Program will start at 8:30 a.m. and end 10:30 a.m. with more time for networking
During every training session for accountants that have just graduated from college, the instructor inevitably makes the statement that “if you follow the cash” you will understand the essence of all transactions and be able to begin an analysis of the business situation at hand. Rolling it forward to today with a low interest environment, bank regulatory changes that are limiting access to traditional credit vehicles and the emergence of FinTech companies that are attempting to create innovative lending platforms the challenges that face Treasurer’s and CFO’s as they manage their company’s cash needs are greater than ever.
The New Jersey CFO Leadership Council has assembled a panel of experts that will provide insight into cash management strategies, including effective use of debt strategies. Additionally the panel members will discuss current trends in unlocking cash that is current tied up in working capital to reduce a firm’s reliance on debt financing.
Through this session, attendees will gain insight into:
- Alternatives to overnight and other short term investments which today provide little yield
- Trends in supply chain finance, including options to extend days outstanding on payables as a source of cash
- What to do with excess operating cash flow to enhance shareholder returns
- Dealing with seasonal cash flow issues (e.g. Holiday Season) that face many companies
- New IRS rules that limit the use of intercompany lending arrangements as a method of funding
To register for this program, simply complete the form above. All CFO Leadership Council members can attend this event for free. Non-member senior financial executives who are CFOs, Vice Presidents of Finance, Directors of Finance and Controllers (or the like) are welcome to attend this program for $60.
Please note that service providers or any executives who are not senior financial executives (CFOs, Vice Presidents of Finance, Controllers, Directors of Finance, etc.) will not be admitted attendance to this event. The CFO Leadership Council reserves the right to decline any registration.
More Information & Refunds:
For more information about this program or The CFO Leadership Council, please contact Debbie Lindner, Marketing Director, NJ Chapter at firstname.lastname@example.org.
If you would like to cancel your ticket or request a refund, please contact Debbie Lindner, Marketing Director, NJ Chapter at email@example.com. Refunds are available up to 24 hours prior to the program
- Program level: Intermediate
- Field of Study: SPECIALIZED KNOWLEDGE AND APPLICATIONS RELATED TO SPECIALIZED INDUSTRIES
- Recommended CPE: 1.5 CPE
- Program Prerequisites: None
- Advanced Preparation: None
- Delivery Method: Live/Group
The CFO Leadership Council is registered with the National Association of State Boards-of-Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org
About Our Speakers:
Dianne Aronica, CFO, Dr. Praeger's Sensible Foods, Inc.
Dianne is an experienced CFO with a background in accounting and finance for middle market sized manufacturing and distribution companies. Dianne has led companies with revenues of $20 million to $150 million through system and financial reporting improvements. She has also led companywide changes in new business processes and implemented the related staff and managerial changes required to execute the strategic plan. She has often had to manage within a tight cash environment. Her ability to plan through crises working with vendors, banks, customers and related business partners has been the key to her successfully meeting the day to day cash demands.
Her experience includes:
- As CFO of food manufacturer, dramatically improved internal financial reporting, enhanced financial systems and related staff to meet the day to day reporting requirements.
- As CFO of handbag manufacturer, established first budget and an overall change in the organization’s mindset regarding financial reporting, internal controls and budgeted expenses in the company’s 15 year history.
- As CFO and COO of FDA regulated sports nutrition company, led company change in budgeting and reporting and cross-departmental cooperation. She completely improved the use of financial systems and month-end reporting. Had heavy involvement with key vendors, banks, contract manufacturers, legal matters and all outside business partners.
- As CFO and COO of music and toy distributor, established relationships with all key vendors, business partners and outside investors. Implemented warehouse management system and improved financial reporting. Worked closely with licensors of music and royalty reporting agency.
- Started her career at KPMG in the middle market audit practice working her way up from staff accountant to senior audit manager before leaving to pursue a career in private industry.
In each CFO role, she dramatically changed the timeliness of internal and external financial reporting, the importance of budgets and managing variances against budgets, measuring KPIs, establishing strong relationships with vendors, banks and attorneys.
Dianne Aronica is a CPA and holds a Bachelor in Business Administration (BBA) from Pace University Summa Cum Laude.
Matthew Dermer, Managing Director | Investments, Wells Fargo Advisors LLC
Matt heads a Liquidity and Corporate Cash Management team at Wells Fargo Advisors. He is responsible for the oversight of all group operations, head of client strategy, and relationship coordination. Matt has been recognized as a Top 100Wirehouse Advisors by Registered Rep Magazine.
Prior to joining Wells Fargo Advisors, Matt was a senior vice president at Lehman Brothers and JP Morgan Chase. Before JP Morgan Chase, Matt started the East Coast Cash Management practice at Hambrecht & Quist, growing the business from zero to $4 Billion in assets in 3 years. He was also a founding member of the Cash Management effort at Oppenheimer and Company. Matt holds Series 7, 63, and 65 registrations, as well as a bachelor’s degree from the University of Michigan.
Bryan Fuerst, SVP Finance, HealthSTAR Communications
Bryan has been with HealthSTAR Communications for the past 14 years, holding numerous roles, ranging from Corporate Controller to Director of Integrations. In his current role, he is responsible for the day-to-day companywide financial operations. Bryan also serves as the Finance Director for a number of the company’s subsidiaries. Prior to HealthSTAR, he spent time working for Hyperion, a financial software consolidation company, designing and implementing financial systems for domestic and international clients. Bryan started his career at Cantor Fitzgerald, where he spent more than 6 years in various financial roles, including International Controller.
Mary Seto, Executive Vice President, SP Industries
Mary is the Executive Vice President at SP Industries reporting to the CEO. SP is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving pharmaceutical, biotechnology, educational, industrial and OED markets. It has 700 employees with 10 offices in the US and 1 facility in the UK. SP is owned by Harbour Group, a private equity firm located in St. Louis.
Lead the acquisition of companies to enhance the growth and profitability of the company as it pursues external growth of the business, through all aspects including the analysis, negotiation, due diligence, and finally, integration of these newly acquired companies into the parent company to derive maximum benefit of the synergies to be gained.
Also responsible for Risk Management, Human Resources, and all Legal affairs including contract review and negotiation of terms.
SP Industries bought Bel-Art Products two years, at which time, Mary was the CFO for 5 years. She has been with the company for 23 years.
Previously, she ran a home health care division of Bel-Art Products named Maddak, with full P&L responsibility. Prior to joining Bel-Art, she was with Verizon and Corning in sales and marketing positions.
Arup N. Sinha, Director, KPMG
Arup is a senior member of KPMG's US national treasury practice. He has expertise in treasury, mergers and acquisition, payments and operations.
Arup is a Director in KPMG's Advisory - Market and Treasury Risk practice and brings over 19 years of international management experience in Treasury, Operations, Audit and Accounting. Prior to joining KPMG, Arup was in the Global Treasury Advisory Services practice of Ernst & Young, and before that, he spent multiple years in corporate treasury with General Electric at its varied global locations covering Capital, Industrial & Media businesses. After GE, Arup headed the Treasury M&A and Operations role at MasterCard Worldwide, where he also received the 2013 CFO award. At the onset of his finance career, Arup spent 3 years in Audit and Accounting serving mid-large corporates.
Arup is a Certified Treasury Professional and a member of the Association for Financial Professionals (AFP). He also has been guest speaker at various Treasury events including Euro-Finance Conference.