Ray Szafranski, Jr.

,

CPA, CMA, MBA

Partner

With over 30 years of hands-on financial leadership, Ray Szafranski Jr. helps organizations strengthen their financial foundation and achieve sustainable growth. He has guided start-ups and mid-sized companies through monthly reporting, annual budgeting and forecasting, contract negotiations, and audits spanning financial, tax, and internal controls.

Mr. Szafranski began his career in public accounting with a focus on tax, worked for a large pharmaceutical company, then transitioned to a Controller of an international manufacturing joint venture, and utilized these skills to continue to expand his leadership and finance skills for companies in distribution, personalized nutrition, and medical device manufacturer.   He is a licensed CPA in North Carolina, licensed CMA, and is highly proficient with GAAP and IFRS accounting. His unique blend of technical expertise and strategic insight enables him to deliver clear financial reporting, improve operational efficiency, and support long-term business success.

His areas of expertise and skills include:

Accounting & Finance

  • GAAP & IFRS financial and management reporting
  • Budgeting, forecasting, and cash flow management
  • Procedures, internal controls, and process implementation
  • Financial audit oversight
  • Cost reduction and profitability improvements

Business & Leadership

  • Executive Team member
  • Team leadership and staff development
  • Contract review
  • Growth strategies
  • Cross-functional partnership

Technology & Systems

  • Implemented multiple systems (ERP, Sales Tax, and AP automation)
  • Highly proficient with Microsoft Office 365

A native of Chicago, Illinois Ray attended the University of Notre Dame, where he earned a BBA and majored in Accounting.  He then attended Duke University’s Fuqua School of Business where he earned his MBA.

Career Timeline

  • 2025: Joined Rankin McKenzie as Partner.
  • 2020-2025: Chief Financial Officer, Hemosonics, LLC: a privately owned medical device manufacturer.
    • Directed the Finance team for the monthly reporting (GAAP and IFRS), annual budget, forecast, and annual financial audit. Also managed the IT team.
  • 2014-2020: Panacea Biomatx, Inc.: a personalized nutrition start-up.
    • Responsible for all finance, accounting, HR, five-year projections, and customer service.
  • 2005-2014: Tecan US, Inc. US Subsidiary of Tecan LTD, Swiss publicly traded company.
    • Responsible for all GAAP and IFFRS financial reporting for Tecan’s Americas operations.
  • 2002-2005: Tereck Office Solutions, Inc.: a privately owned Canon copier and HP printer dealer
    • Implemented monthly financial reporting and cleaned up IRS issues with misfiled employment tax forms.
  • 2000-2002: Meta Control Technologies, Inc.: an engineering controls manufacturing start-up.
    • Implemented manufacturing ERP system and all accounting controls and procedures.
  • 1996-2000: Zevatech/Juki Automation Systems, Inc.: a distributor of electronic component placement machines.
    • Assisted with the purchase of Zevatech from ESEC, implemented international subsidiaries, and implemented ERP system
  • 1995-1996: Mackey Radio Systems, Inc.: a joint venture manufacturer of High Frequency radio equipment
    • Prepared annual budget (OPEX, personnel, capital, developed product costs) and prepared financial statements, journal entries, and monthly reporting.
  • 1989-1995: Glaxo, Inc. US subsidiary of Glaxo Ltd: a publicly traded pharmaceutical manufacturer
    • Worked in federal, state, and local taxes.
    • Transferred to budgeting and reporting for Technical Operations division (manufacturing operations).
  • 1987-1989: Public Accounting firms Crowe Chizek & Co and KPMG
    • Primary focus was on individual tax preparation and planning for small businesses.

With over 30 years of hands-on financial leadership, Ray Szafranski Jr. helps organizations strengthen their financial foundation and achieve sustainable growth. He has guided start-ups and mid-sized companies through monthly reporting, annual budgeting and forecasting, contract negotiations, and audits spanning financial, tax, and internal controls.

Mr. Szafranski began his career in public accounting with a focus on tax, worked for a large pharmaceutical company, then transitioned to a Controller of an international manufacturing joint venture, and utilized these skills to continue to expand his leadership and finance skills for companies in distribution, personalized nutrition, and medical device manufacturer.   He is a licensed CPA in North Carolina, licensed CMA, and is highly proficient with GAAP and IFRS accounting. His unique blend of technical expertise and strategic insight enables him to deliver clear financial reporting, improve operational efficiency, and support long-term business success.

His areas of expertise and skills include:

Accounting & Finance

  • GAAP & IFRS financial and management reporting
  • Budgeting, forecasting, and cash flow management
  • Procedures, internal controls, and process implementation
  • Financial audit oversight
  • Cost reduction and profitability improvements

Business & Leadership

  • Executive Team member
  • Team leadership and staff development
  • Contract review
  • Growth strategies
  • Cross-functional partnership

Technology & Systems

  • Implemented multiple systems (ERP, Sales Tax, and AP automation)
  • Highly proficient with Microsoft Office 365

A native of Chicago, Illinois Ray attended the University of Notre Dame, where he earned a BBA and majored in Accounting.  He then attended Duke University’s Fuqua School of Business where he earned his MBA.

Career Timeline

  • 2025: Joined Rankin McKenzie as Partner.
  • 2020-2025: Chief Financial Officer, Hemosonics, LLC: a privately owned medical device manufacturer.
    • Directed the Finance team for the monthly reporting (GAAP and IFRS), annual budget, forecast, and annual financial audit. Also managed the IT team.
  • 2014-2020: Panacea Biomatx, Inc.: a personalized nutrition start-up.
    • Responsible for all finance, accounting, HR, five-year projections, and customer service.
  • 2005-2014: Tecan US, Inc. US Subsidiary of Tecan LTD, Swiss publicly traded company.
    • Responsible for all GAAP and IFFRS financial reporting for Tecan’s Americas operations.
  • 2002-2005: Tereck Office Solutions, Inc.: a privately owned Canon copier and HP printer dealer
    • Implemented monthly financial reporting and cleaned up IRS issues with misfiled employment tax forms.
  • 2000-2002: Meta Control Technologies, Inc.: an engineering controls manufacturing start-up.
    • Implemented manufacturing ERP system and all accounting controls and procedures.
  • 1996-2000: Zevatech/Juki Automation Systems, Inc.: a distributor of electronic component placement machines.
    • Assisted with the purchase of Zevatech from ESEC, implemented international subsidiaries, and implemented ERP system
  • 1995-1996: Mackey Radio Systems, Inc.: a joint venture manufacturer of High Frequency radio equipment
    • Prepared annual budget (OPEX, personnel, capital, developed product costs) and prepared financial statements, journal entries, and monthly reporting.
  • 1989-1995: Glaxo, Inc. US subsidiary of Glaxo Ltd: a publicly traded pharmaceutical manufacturer
    • Worked in federal, state, and local taxes.
    • Transferred to budgeting and reporting for Technical Operations division (manufacturing operations).
  • 1987-1989: Public Accounting firms Crowe Chizek & Co and KPMG
    • Primary focus was on individual tax preparation and planning for small businesses.

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