Donald Sherwood

Donald Sherwood

Work History

Work History
Apr 2009 - Present

FP&A Executive Services

Consultant

Designed, developed, and delivered a comprehensive 3-year planning model for Storeboard.com and led the creation and implementation of a long-range planning tool for Redi2 Technologies, among other consulting experience.

·Created a metric-driven model that comprised P&L, balance sheet, free cash flow, best/worst case sensitivity analysis, and valuation to accurately evaluate a $5.5M funding request.

·Designed and developed a tool that reliably projected revenue by customers, associated costs, balance sheet, and free cash flow.

Dec 2010 - Present

Financial Planning & Analysis

Wholesale Applications Community
Responsible for all planning, reporting and analysis.Open global alliance formed from leading organizations within the telecoms sectorFinancial modelingDeveloped detailed 3 year budget model including Cash Flow and Balance Sheet reconciling to high level plan previously delivered to Board of Directors.ProcessImplemented procurement approval process and purchase order tracking and reporting mechanism.Implemented new hire process approval and tracking to Budget.
Dec 2010 - Present

FP&A

Wholesale Applications Community
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Dec 2010 - Present

FP&A

Wholesale Applications Community
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Implemented procurement approval process and purchase order tracking and reporting mechanism.<o:p></o:p>

Dec 2010 - Present

FP&A

Wholesale Applications Community
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Developed detailed 3 year budget model including Cash Flow and Balance Sheet reconciling to high level plan previously delivered to Board of Directors.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

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Implemented procurement approval process and purchase order tracking and reporting mechanism.<o:p></o:p>

Aug 2006 - Apr 2009

VP, Finance

Ask.com
  • Direct and supervise the business planning organization.Oversee revenue and cost planning, forecasting and budgeting for 29 P&L's and 200+ Cost Centers.
  • Counsel executive management team on key drivers
  • Lead 5 member team to coordinate MD&A, Planning, Weekly Forecasting, Quarterly Earnings, and Monthly Reporting.
  • Review and values Business Development proposals.Implemented valuation model that identified $11M of previously unrecognized Hosting expense.
  • Developed Free Cash Flow forecast and 10 year plan valuation model.
Jan 2000 - Sep 2005

Director, FP&A

http://www.vodafone.com/hub_page.html

Director Financial Planning and Analysis

  • Performs comprehensive analysis, evaluates new capital projects and other business and marketing related evaluations to increase effectiveness while managing business and department transitions.
  • Supervises a team of eight employees in minimizing downtime as well as reviewing systems status and determining areas where improvements will create efficiencies.
  • Oversees all international plans including joint ventures and wholly-owned subsidiaries.
  • Leads system conversion teams, including transitioning from Oracle to Great Plain Accounting.
  • Identifies and evaluates fundamental problems for major functional areas through assessment of intangible variables.
  • Serves as a key contributor to the Employee Survey Task Force to implement cross-functional initiatives which resulted in savings due to improved productivity, morale, and retention.

Director Financial Planning and Strategy

  • Generated savings of $1.5MM annually by recommending new pricing proposals including development of valuation assessment tool eliminating unprofitable pricing plans.
  • Devised alternative business cases scenarios and strategy of business wind-down and disposition resulting savings in excess of $1MM.
  • Led the design and implementation of multi-dimensional planning database and forecasting tool that accelerated planning process by 32 hours per month, annual savings of $25k.
Jan 1994 - Dec 2000

Managing Director, FP&A

Managing Director - International Financial Planning and Strategy

  • Accelerated the International Business Plan consolidation and modeling system by more than five days in the reporting cycle with significant improvements in integrity and reporting flexibility, accomplishing $30k in savings.

Staff Director -- Business Analysis

  • Served as a major contributing force in an upwards price of 20% premium paid in acquisition and a four-fold increase in IPO share price by developing industry benchmarking analytics leading to a world-class reputation as premier global wireless partner and technology leader.
  • Directed the Quality Action Team to implement monthly financial reporting production, content and methodology thus facilitating improvements in efficiency and $500K savings per year.
Sep 1986 - Jan 1994

Manager - Financial Assurance

  • Recovered over $300k by handling the wind-down and liquidation of the InfoSystems subsidiary.
  • Negotiated a multi-million dollar disputed purchase agreement and litigation which saved the company $197k in closing costs and improved valuation and over deductions.

Education

Education

Skills

Skills

Oracle

Great Plains

Led implementation Great Plains

Microsoft Powerpoint

TM1

Implemented TM1

Hyperion Essbase

Implemented and designed Essbase systems.

Microsoft Excel