Spirit Incentives, a leading provider of incentive and benefit solutions for the financial, retail, and vacation ownership industries, announced today it has selected John Ferrelli as its Vice President of Finance. With over two decades of experience Ferrelli adds significant financial and analytical skills to the leadership team.
At Spirit Incentives, Mr. Ferrelli’s duties will include maximizing the value of the company by optimizing cash flow through planning, evaluation, and communication of financial information. He brings direct senior level experience in financial planning and cash flow management. He has reduced expenses, prepared annual budgets, and sales tax returns in different companies such as Signature Consultants and Muvico Theaters.
“We are enthusiastic to have John join our team. He brings the financial planning and forecasting experience” says Gary Baron, Chief Executive Officer of Spirit Incentives. “As we continue to grow the organization, it is critical that we have the support of a strong financial leader. We look forward to John’s contribution to our ongoing success.”
Prior to his new role, Mr. Ferrelli was an Accounting Manager for Signature Consultants, where he was responsible for maintaining all facets of the accounting cycle. He also developed a CAS compliant system for calculating rates charged to government contractors, which increased revenue, and the acceptance of rate of proposals. Before that Mr. Ferrelli he worked as an Assistant Controller for Muvico theaters, where he reviewed and prepared financial statements, maintain all facets of accounting cycle, and annual budgets for eight years. In this company he prepared property tax returns and tax petitions, resulting in annual savings of over 100,000 dollars.