Not-For-Profits

Jay Saadian, CPA, has over 30 years of administrative, financial, management and advisory experience, serving as the Chief Financial and Administrative Officer for major domestic and international not-for-profit organizations.

His list of responsibilities over the years have included management oversight in the areas of accounting, finance, information technology, human resources, risk management, investments, pension, and other employee benefits. He has extensive experience in organizational management; board relations, cash management, budgeting and deficit elimination, security, food service, retail, endowments, and contract negotiations.

A few of his professional accomplishments:

• Through diversification and close monitoring, and under his direct supervision, one not-for-profit organization saw their endowment investments grow from about $2 million in 1982 to about $55 million in 2000.
• Implemented Personnel Policies and Procedures Manual; Accounting and Internal Control Policies and Procedures; budget development, preparation and controls; and many other corporate policies.
• Centralized and automated accounting and financial reporting for a not-for-profit and its subsidiaries.
• Converted payroll systems to in-house processing for greater efficiency and cost savings.
• Obtained tax-exempt revenue bond (over $10 million) to fund the renovation and expansion of existing retail and food-service areas for another tax-exempt organization.
• Single-handedly managed the construction of a 21-unit housing complex for the staff within the budget and on time.
• Improved health insurance coverage, and aggressively negotiated annual premiums for the property, casualty, marine and health insurance policies.
• Developed Employee Handbook and Benefit Programs to attract and retain qualified personnel.
• Participated in the planning and design stages of a new visitor center, education center, museum, gift shop, food court, a state-of-the-art and climate-controlled collections storage building, and other major capital projects.
• Pension plan investments grew from $200,000 to $5.5 million over his 19-year tenure (despite continuous distributions to former employees).
• Organized safety committee and accident investigation procedures, which resulted in a 64 percent reduction in accidents and injuries.

Considering his experience and accomplishments, he can provide you invaluable expertise in many areas of your company's operations.