Douglas Bennett

An experienced finance professional who is looking to partner with senior leadership in tackling tough business issues, developing innovative and sound strategies, and successfully leading implementation. A results oriented director whose focus is on monitoring business growth and profitability in both the short term and long term.

Strategic Planning and Analysis
Financial and Operational Budgeting and Forecasting
Financial and Operational Modeling
Problem Research and Resolution
Financial Reporting
Computerized Accounting
Advanced MS Excel
Ethics and Values
Interpersonal Skills
Compliance

With marketing personnel developed financial and operational models, budget and reforecasts for national magazine with revenue over $23 million, then monitored results. Performed monthly financial and operational variance analysis, communicated findings and recommendations for improvements to marketing and upper-level management. Processed circulation data from marketing plans and fulfillment data to determine appropriate print order quantities. Communicated with plant to effectively and efficiently print, bind and mail magazines.

• Recommended mail package change resulting in cost savings of $200,000
  

• Increased subscription revenue forecasting accuracy to 95%
  

• Prepared and filed monthly and semi-annual circulation statements for 7 magazines. Statements used by advertising sales force to generate over $600 million in revenue
  

• Developed internal controls to ensure compliance of consumer marketing promotional offers with the Audit Bureau of Circulations' rules for inclusion in net paid circulation, resulting in the inclusion of over 625,000 subscriptions
  

• Developed EXCEL worksheet for preparing circulation statements that improved reporting accuracy, cutting in half preparation and review time
  

• On team that reduced sample magazine distribution, saving over $300,000 in printing and freight cost
  

• No audit findings on Internal Circulation Reporting Audit
  

Performed month-end close responsibilities including accruals, general ledger review, variance to budget analysis and provided monthly reforecasts and business reviews to the corporate office. Prepared print orders, collaborating with marketing personnel to meet financial and operational objectives. Prepared annual financial budgets and marketing strategies then monitored and communicated financial results.

• Performed financial and operational duties for 5 magazines concurrently
  

• On transition teams that automated preparation of printing instructions for the plant improving printing efficiencies saving printing and paper costs
  

Performed month-end close responsibilities including accruals, general ledger and balance sheet review, and variance to budget analysis. Developed budget for Corporate Administration and various other departments. Supervised cashier and the entering, depositing and reporting of cash receipts.

• Effectively managed the financial responsibilities of a national magazine, meeting regularly with General Manager and Publisher to discuss results
  

• Added $15 million building and furnishings to fixed asset system
  

• Worked with Payroll Department to reconcile bank accounts.
  

• Prepared fixed asset work papers for tax schedules
  

• Monitored bank accounts balances, and cash outlay requirements, transferring excess funds to corporate bank accounts