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Michael Ippolito is an accomplished Financial Executive and CPA with over thirty years of experience in the accounting/finance profession. With a strong background in negotiation, talent development, treasury management, financial statement, budget, and tax preparation, Michael has proven themselves as a capable and skilled professional. They are a successful "hands-on" mentor and leader of high-performing teams, consistently delivering excellent value through superior customer service.
Currently serving as the Chief Financial Officer at Nicolock Paving Stones & Retaining Walls since 2019, Michael is responsible for leading all financial and administration activities, reporting directly to the CEO. They possess expertise in talent development, financial analysis, and the design and coordination of various financial data and reports. Michael regularly evaluates and implements cost-cutting programs to protect and enhance operating profits, partnering with ownership to grow revenue and improve operating efficiencies. They also participate in important meetings with fellow members of the Senior Management Team and the Board of Directors to discuss financial results and variances.
Prior to their current role, Michael held senior executive positions at Winholt Equipment Group, Baltic Linen, Sandata Technologies, and Blackman Plumbing Supply Co., Inc. They have consistently demonstrated their abilities to lead accounting teams, implement internal controls, and meet with external auditors to provide accurate financial statements and requested documents. With an educational background in Accounting from St. John's University, Michael is a certified CPA. They are highly skilled in variance analysis, a crucial skill in the financial industry.
More about this expert
- Full name
- Michael Ippolito
- Location
- New York City Metropolitan Area
- Title
- Chief Financial Officer
- Company
- Nicolock Paving Stones & Retaining Walls (since 2019)
- LinkedIn profile
- https://www.linkedin.com/in/michael-a-ippolito-cfo/
- LinkedIn Connections
- 6615
- Summary
- A Financial Executive and CPA with over thirty years of experience in the accounting/finance profession. Strong background in negotiation, talent development, treasury management, financial statement, budget and tax preparation using various computer software programs. Successful "hands on" mentor and leader of high-performing teams. Provider of excellent value via superior customer service, both internally and externally.
- Skills
- CPA Variance Analysis
Education
- St. John's University, The Peter J. Tobin College of Business
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B.S.
Attended in 1983 - 1987
Field of study: Accounting
Positions
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Nicolock Paving Stones & Retaining Walls
Greater New York City Area
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Chief Financial Officer
Jun 2019 - Present
Senior Executive leading all financial and administration activities for a Top manufacturer of Paving Stones for patios, retaining walls, outdoor fire pits and so much more.
Reporting directly to the CEO with oversight on all financial functions including banking, accounting, budget, credit, insurance, tax, treasury and HR. Strong background in talent development, designing and coordinating a wide variety of financial data and reports. Regularly evaluate and implement cost-cutting programs to protect and enhance operating profits. Partner with Ownership to grow revenue and improve operating proficiencies in accordance with strategic goals, to create value.
Meet monthly with fellow members of Senior Management Team and Quarterly with Board of Directors to discuss actual vs. budgeted results and variances. Member of Steering Committee for ERP implementation. Provide external auditors with annual financial statement and requested documents. Implement policies and procedures and internal controls to safeguard all assets. Lead, evaluate and develop five member accounting team. Meet with Investment Advisor quarterly to review 401k investments and compliance. Primary contact for all business partners including banks, attorneys, brokers and auditors.
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Winholt Equipment Group
Greater New York City Area
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Chief Financial Officer
Feb 2017 - May 2019
Senior Executive leading all financial and administration activities for a Top manufacturer of Food Service, Food Handling and Material Handling Equipment.
Reporting directly to the CEO with oversight on all financial functions including banking, accounting, budget, credit, insurance, tax, treasury and HR. Strong background in talent development, designing and coordinating a wide variety of financial data and reports. Regularly evaluate and implement cost-cutting programs to protect and enhance operating profits. Partner with Ownership to grow revenue and improve operating proficiencies in accordance with strategic goals, to create value.
Meet monthly with fellow members of Senior Management Team and Quarterly with Advisory Board to discuss actual vs. budgeted results and variances. Member of Steering Committee for ERP implementation. Provide external auditors with annual financial statement and requested documents. Implement policies and procedures and internal controls to safeguard all assets. Lead, evaluate and develop five member accounting team. Meet with Investment Advisor quarterly to review 401k investments and compliance. Primary contact for all business partners including banks, attorneys, brokers and auditors.
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Baltic Linen
Greater New York City Area
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Controller - reporting to CEO
Jan 2016 - Jan 2017
Company successfully sold to Sobel Westex. Report to CEO of International Textile Distributor. "Hands on" leader of Finance function and team. Serve as primary contact for banks, auditors, attorneys, insurance brokers, outside consultants, etc.. Partner with CEO, CAO, Sales, Customer Service, IT and imports to help grow business and improve operations. Prepare monthly financial reports as member of Senior Management Team. Provide external auditors with annual financial statement and requested documents. Meet monthly with Senior Management Team to discuss actual vs. budgeted results and variances. Implement internal controls. Supervise, evaluate and develop seven member accounting team. Meet with Investment Advisor quarterly to review 401k investments and compliance. Partnered with CEO and CAO on due diligence process for successful sale of Company.
- Sandata Technologies
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VP Finance/Controller
Jul 2007 - Oct 2015
Prepare monthly financial reports for Senior Management Team. Provide external auditors with annual financial statement and requested documents. Meet monthly with Senior Management Team to discuss actual vs. budgeted results and variances. Implement internal controls. Supervise, evaluate and develop six member accounting team. Meet with Investment Advisor and CFO quarterly to review 401k investments and compliance. Assist CFO with requests from Private Equity firm and Bank Examiners.
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Blackman Plumbing Supply Co., Inc.
Bethpage, NY
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Assistant Controller
Jan 2006 - Jun 2007
Manager of Accounting Department of four. Review all workpapers, financial statements and tax returns. Meet with CFO monthly to discuss variances between budgeted and actual results. Meet with Branch Manager to discuss ways to improve profitability. Meet with Credit Card Processing Companies to reduce costs. Assist Controller with special projects and external auditors.