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Jay LaFemina
Accounting and financial system executive
Professional Background
Jay LaFemina is a distinguished Managing Director with an impressive career specializing in Accounting and a wealth of experience across multiple industries including retail, banking, security, and cannabis. With an educational background anchored by an MBA in Accounting from Keiser University-Ft Lauderdale and a Bachelor’s Degree in Management Information Systems from Keiser College, Jay has honed an extensive skill set that includes leadership, corporate accounting, data analysis, business strategy, and change management.
Over the years, Jay has held several pivotal roles that have cemented his reputation as a leader in the financial systems arena. His tenure as a Financial Systems Manager at Chewy showcased his ability to manage and optimize complex financial operations, utilizing cutting-edge technology such as Oracle Fusion, QuickBooks, and Sage Intacct. Previously, as the Managing Director of System Analytics at Ravi Ramnarain, CPA, LLC, he leveraged his expertise to drive efficiencies and enhance organizational processes.
His roles at various esteemed organizations such as ADT, LLC, and Citigroup, have seen him lead teams in reshaping processes and aligning technology with strategic goals. As a Senior Manager at ADT, LLC, Jay focused on refining financial systems and accounts payable processes. He has successfully managed teams, notably overseeing a division of 12 associates in the accounts payable sector, where his leadership resulted in streamlined operations and increased productivity.
Education and Achievements
Jay LaFemina's educational journey laid a robust foundation for his career in accounting and management. His MBA in Accounting from Keiser University-Ft Lauderdale equipped him with advanced financial principles and managerial skills, which he applied in various financial leadership roles. Additionally, his Bachelor’s degree in Management Information Systems provided him with a blend of technical knowledge and business acumen, critical for navigating the complexities of today's financial landscape.
Throughout his career, Jay has made significant strides in improving financial processes and reducing operational costs. Some of his key achievements include:
- Streamlining Accounts Payable (AP) Activities: By implementing strategic changes, he successfully reduced time spent on processing, enhancing overall efficiency.
- Cost Reduction Initiatives: Demonstrating effective financial management, he achieved an impressive 30% reduction in production costs and an 18% decrease in overhead costs, substantially increasing the profitability of the organizations he worked with.
- Systemic Implementations: Jay has championed several initiatives, including the implementation of systemic reconciliations for accounting, which provide more accurate and transparent financial records.
In addition to his corporate achievements, Jay embodies a can-do attitude, embracing change with enthusiasm and positivity. This mindset has allowed him to thrive in dynamic environments where adaptability and resilience are key to operational success.
Key Competencies
Jay's extensive skill set positions him as an invaluable asset to any organization. His key competencies include:
- Leadership and Management: Proven ability to lead diverse teams effectively, fostering an environment that encourages innovation and collaboration.
- Corporate Accounting: Deep understanding of corporate financial principles, which informs his decision-making and strategic initiatives.
- Data Analysis: Proficient in interpreting complex financial data to derive actionable insights that drive business strategy.
- Change Management: Expertise in navigating and managing transitions within organizations, ensuring seamless integration of new processes and technologies into existing frameworks.
- Communication and Negotiation: Strong communicator skilled in articulating complex financial concepts in an understandable manner, fostering collaborative relationships across departments and with external stakeholders.
Technologies
Jay is adept in a myriad of accounting technology software applications, making him well-prepared to tackle the challenges of modern financial management. His technical proficiencies include:
- Oracle Fusion
- Oracle 11i/R12
- QuickBooks
- Sage Intacct
- Bill.com
- SQL
By harnessing these technologies, he has increased operational efficiency and accuracy, demonstrating an understanding of how innovative accounting solutions drive business success.
Conclusion
With a proven track record of driving results and a passion for leveraging technology in accounting, Jay LaFemina remains committed to adding value to organizations by optimizing their financial systems and processes. His rich experience, leadership capabilities, and strategic mindset position him as a frontrunner in the field, ready to tackle the evolving challenges of the accounting landscape.
Jay welcomes opportunities for collaboration and further discussions on how his expertise can benefit your organization. For inquiries, please contact him at jaylafemina@gmail.com.