Summary
Overview
Work History
Education
Skills
Professional Highlights
Timeline
Generic

Cliff Marnick

Cave Creek

Summary

CFO/Director of Finance & Operations with over twenty five years of progressive international operations experience working on increasing the profitability and productivity of the Enterprise Change agent-team lead on process improvements and unlocking hidden revenue potential Developed training programs for the “non-financial” members of the organization

Overview

20
20
years of professional experience

Work History

Global Finance Director

Jones Lang LaSalle
01.2023 - Current
  • Company Overview: A global professional services firm that specializes in real estate and investment management
  • Responsible of real estate finance functions of Fortune 100 technology client
  • Portfolio of 20M sq ft across 80 countries with annual budget of $500M
  • Oversee global staff of 25 Finance Professionals
  • Collaborated with C-level executives and stakeholders to develop long-term plan to reduce expenses by $25M



Executive Vice President Finance/Operations

Jones Lang LaSalle
01.2022 - 01.2023
  • Company Overview: A global professional services firm that specializes in real estate and investment management
  • Provided financial leadership over the technology vertical with annual revenue of $1.2B
  • Partnered with sales team to exceed annual growth targets
  • Provided direction & guidance for 185 finance leaders
  • Created succession plans to provide continuity of operations during leadership transitions.

Senior Vice President-West Region Finance/Operations Director

Jones Lang LaSalle
08.2016 - 01.2022
  • Company Overview: A global professional services firm that specializes in real estate and investment management
  • Responsible for the finance delivery of portfolio with $950M of revenue with 15% annual growth
  • Spearheaded and executed the offshoring of accounts payable function which delivered 30% reduction in staff costs
  • Successfully implemented revenue recognition guidelines ASC 606 across North America
  • Partnered with CFO to deliver program to identify underperforming client profitability

Vice President-Finance Director

Jones Lang LaSalle
03.2012 - 08.2016
  • Company Overview: A global professional services firm that specializes in real estate and investment management
  • Responsible for the finance delivery of client real estate portfolio
  • Implemented cloud based budgeting software
  • Consistently exceeded KPI targets
  • Optimized staffing which reduced compensation expenses by 20%
  • Collaborated with senior management to develop strategic initiatives and long term goals.

Consultant

Resources Global Professionals
02.2011 - 03.2012
  • Company Overview: Global consulting firm
  • Liaised with financial institutions on bond issuance
  • Established standard procedures for stakeholder reporting
  • Provided reporting for forecast analysis and ad-hoc reporting in support of decision-making.
  • Conducted regular reviews of operations and identified areas for improvement.

Worldwide Operations Controller

Cultural Experiences Abroad
05.2008 - 03.2011
  • Company Overview: Firm offering study abroad programs and international internships
  • Spearheaded the financial reporting to C-suite for locations across 25 countries
  • Implemented cloud based global budgeting software
  • Reduced operating expenses by 20%
  • Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and hedging of foreign currencies
  • Partnered with financial institution to develop a foreign exchange hedging strategy, resulting in $1.2M in savings

Consultant on the Supervalu Account

Resources Global Professionals
12.2007 - 05.2008
  • Partnered with financial institutions to identify monthly payroll funding requirements
  • Spearheaded the preparation of local payroll tax filings-40 states/200 localities
  • Devised and implemented processes and procedures for intercompany reporting to CFO.


Accounting Manager for Advertising Shared Services

Publicis Groupe
04.2005 - 12.2007
  • Company Overview: Founded in 1926, Publics Groupe is largest global communications firm
  • Responsible for monthly consolidated financial statements for the Chicago & Dallas division across 14 global business units
  • Ensured the proper recording of foreign currency hedge positions
  • Collaborated with treasury group in reconciliation and maintenance of domestic bank accounts
  • Developed the implementation and documentations procedures to ensure compliance with Sarbanes Oxley
  • Implemented automated procedure resulting in reduction of monthly closing process by 3 days

Education

Bachelor of Business Administration - Emphasis Professional Accountancy

Baruch College-City University of New York
05-1991

Skills

  • Strategic revenue increase

  • Investment management

  • Effective cash flow oversight

  • Contract negotiation

  • Proficient in Peoplesoft, Hyperion, Tableau, Workday

Professional Highlights

  • Jones Lang LaSalle, Phoenix, AZ, Global Finance Director-Oracle, 01/2023, present, Transitioned 1stGen, 5x global client, Portfolio of 20mil sq ft with Spend in excess of $500mil-$250mil Capex, Oversee Global staff of 25 Finance Professionals, Developed plan to achieve $15mil in cost savings in Year 1, Implement Global SOP’s, Executive Vice President Finance/Operations-Technology Vertical, 01/2022, 12/2022, Provide staffing for new pursuits, Oversee Accounts totalling over $1.2bil in revenue, Member of Commercial Review Board for new MSA’s, Ensure accounts remain compliant relative to SOC Type II standards, Oversee Global staff of 185 finance leaders, Senior Vice President-West Region Finance/Operations Director, 01/2016, 12/2021, Provide staffing for new pursuits, Oversee Accounts totalling over $950mil in revenue, Develop a training program for on-account finance leadership, Spearheaded moving Accounts Payable & Accounting function offshore, Ensure accounts remain compliant relative to SOC Type II standards, Lead effort to implement ASC 606 accounting guidelines, Monitor assignment profitability levels and recommend actions to increase the same, Vice President-Finance Director, 01/2012, 12/2015, Maintain client’s accounting records related to real estate portfolio, Oversee Accounts Payable, General Accounting, Cash Management and Sourcing Functions, Develop annual budgets and quarterly forecasts, Maintain Segregation of Duties to comply with SOC-1, Partner with Account Director to negotiate modifications to MSA, Implemented formal budgeting procedure/software in 60 days, Client KPIs consistently above expectations, Reduced non-reimburse finance compensation expenses by 20%, SME on Utility Bill-pay, Partnered with leadership and colleagues on several committees
  • Resources Global Professionals, Phoenix, AZ, Consultant with White Mountain Apache Tribe, 01/2011, 12/2012, Prepare and track federal grant funding, Interface with REDW auditors, Prepare Financial statements for the Tribe council, Liaison with financial institutions on bond issuance, Establish formal month-end closing procedures
  • Cultural Experiences Abroad, Tempe, AZ, Worldwide Operations Controller, 01/2008, 12/2011, Budget and forecast the company’s position according to the changing market to ensure profitability and longevity., Prepare, review, and analyse monthly financial reporting for the 25 international locations, Foreign Exchange hedging strategy, Partner with PE to secure capital during expansion into APAC, Oversee all banking relationships, fee negotiations and maintain signature authorities., Implemented formal budgeting procedure/software in first 90 days, Reduced SG&A expenses by 20%, Developed and maintained the foreign exchange hedging strategy, which netted $1.2 million in savings in the first year
  • Resources Global Professionals, Phoenix, AZ, Consultant on the Supervalu Account, 01/2007, 12/2008, Prepare and review payroll funding requirements, Maintained all local payroll tax filings-40 states/200 localities, Interfaced with CFO on proper intercompany reporting
  • Publicis Groupe, New York, NY, Accounting Manager for Advertising Shared Services, 01/2005, 12/2007, Prepare and review monthly consolidated financial statements for the Chicago & Dallas division-14 global business units utilizing Hyperion, Prepared SEC filings for submission, Supervised the proper recording of hedge accounting by FAS 133, Oversee reconciliation and maintenance of all 28 domestic bank accounts, Led team to implement/document procedures to ensure compliance with Sarbanes Oxley, Developed an automated upload procedure for journal entries, which resulted in a reduction of the close process to 3 days

Timeline

Global Finance Director

Jones Lang LaSalle
01.2023 - Current

Executive Vice President Finance/Operations

Jones Lang LaSalle
01.2022 - 01.2023

Senior Vice President-West Region Finance/Operations Director

Jones Lang LaSalle
08.2016 - 01.2022

Vice President-Finance Director

Jones Lang LaSalle
03.2012 - 08.2016

Consultant

Resources Global Professionals
02.2011 - 03.2012

Worldwide Operations Controller

Cultural Experiences Abroad
05.2008 - 03.2011

Consultant on the Supervalu Account

Resources Global Professionals
12.2007 - 05.2008

Accounting Manager for Advertising Shared Services

Publicis Groupe
04.2005 - 12.2007

Bachelor of Business Administration - Emphasis Professional Accountancy

Baruch College-City University of New York
Cliff Marnick