Chief Financial Officer/Director of Administration
Relocation Preferences:
none
Objective:
To be a financial partner with a CEO to either grow or reorganize a company during these difficult economic times.
Resume:
Michael J. Corbett
CFO, construction management, real estate and financial services businesses. Experience across construction and development, investment, property management and information services. Expertise in financial analysis, due diligence, financing, acquisition/disposition. Big Four foundation.
WILLIAM A. BERRY & SON, INC., Danvers, MA 2002-2009
One of the oldest construction companies in the United States. A 152 year old construction management and professional services company focused on working with institutions of higher learning, healthcare, medical research, life sciences/biotechnology, and corporate clientele throughout New England, New York and Algeria.
Chief Financial Officer
Lead all finance and administrative functions for a $500M organization; staff of 14.
Negotiated and financed 2007 acquisition of Berry by CEO; acquisition resulted in annual cost savings of $2.5M which funded debt financing.
Established annual budgeting, cash-flow forecasting and improved cost reporting systems; to eliminate job cost surprises and potential losses.
Implemented Subcontractor Default Insurance Program covering $1.3B of subcontractor volume; generated additional profitability of $10M.
Negotiated and completed annual bank credit facilities of $25M; to support single projects in excess of $200M.
Generated and negotiated construction and permanent financing for a new 60,000 s.f. corporate headquarters; consolidated operations from four locations to one.
FIDELITY NATIONAL FINANCIAL, INC.1999-2001
$4B publicly-held financial services provider of real estate information services, including title insurance, credit reporting, automated valuation/appraisal, flood certification, environmental disclosure and tax management systems.
Interim COO Fidelity National Credit Services, Kingston, NY 2001
Served as GM and CFO, with full P&L/operations responsibility to turn around a $30M credit-reporting division with a two-year history of declining performance.
Accelerated integration of previously acquired business and streamlined administrative functions; reduced headcount from 225 to 150 within 90 days. Closed underutilized 45,000 sq. ft. facility; saved $300K per month.
CFO Market Intelligence, Inc., Milford, MA 1999-2001
Recruited as first CFO of Fidelity Nationals fastest growing subsidiarythe countrys leading provider of property evaluation/appraisal services for the residential mortgage origination, servicing/default, and investment industries. Managed staff of nine.
Implemented Cost of Goods Sold/Operating Expense controls; saved$3.0M/year.
Directed M&A activity; conducted due diligence, created deal structure, and led negotiations for strategic $5M and $2.5M acquisitions.
HEWSON PROPERTIES, INC., Phoenix, AZ1996-1998
Privately held real estate development and management firm with 4,000,000 sq. ft. of commercial and industrial properties in the Phoenix and Los Angeles metropolitan areas; 1999 fair market value in excess of $100M.
Executive Vice President & Chief Financial Officer Led all Finance, IS, HR, and property management activity; staff of 25.
Re-built accounting systems/controls; re-established credibility with lenders.
Generated financing for six new industrial projects totaling 700,000 sq. ft.; secured $50M from banks, insurance companies, and private investors.
Privately held real estate acquisition and management firm, with 120 commercial, retail, and industrial properties in thirty states, totaling 9,000,000 sq. ft. (45% in Los Angeles), with a fair market value in excess of $450M.
Promoted to leadership of all Finance and administrative activities, including controllership, treasury, IS, and HR; concurrently shared portfolio management with the Executive Director, Real Estate.
Rebuilt high level relationships with the lending communityrenegotiated main credit line twice; secured agreement with major lending institution to reverse a $30M loan reserve.
Negotiated $110M in financing/refinancing packages; funded a portfolio restructuring, a critical partner buyout, and a major acquisition program.
FIRST INVESTMENT COMPANIES, INC., Boston, MA1983-1987
Real estate syndication firm specializing in the ownership and management of multi-unit residential properties from Texas to the Carolinas to Washington, DC; grew from 500 units in 1983 to 3,000 in 1987, with asset values in excess of $65M.
Vice President & Controller
DELOITTE & TOUCHE LLP, Boston, MA1978-1983 Leading international audit, management consulting, and tax services firm.
Boston College, BS, Business Administration & Accounting, Magna cum Laude, 1978
Massachusetts CPA certification in 1981.Wentworth Institute of Technology Board of Trustees; Hospice of the North Shore Finance Committee; Construction Financial Management Association (Former Massachusetts Chapter President and Member of Chapter Board of Directors); Member, Financial Executives International; The Financial Executives Networking Group; CFO Roundtable Boston Chapter; American Institute of CPAs; Massachusetts Society of CPAs.
