Michael Trafecante of Shelton has been named Fairfield University’s new vice president for finance and treasurer and chief financial officer.
Trafecante has more than 20 years of financial management experience spanning the areas of public accounting, information technology, transportation and investment management.
In that time, he held leadership roles in all accounting and finance operations, including planning and analysis, auditing, investor relations, treasury, internal controls and compliance, risk management, and payroll.
Trafecante is a Fairfield University alumnus, earning his MBA in finance in 2001. He earned his bachelor of arts degree in accounting from Assumption College. He lives with his wife and five children in Shelton.
“Fairfield is very pleased and fortunate to have Michael Trafecante as its new CFO, especially at this critical time, as the university explores new opportunities and leverages its position as a leader in higher education,” said Kevin Lawlor, Fairfield University’s executive vice president and chief operating officer.
“As an alumnus, Michael embraces the institution’s identity, culture and traditions, and I am sure we can count on him to contribute a great deal to our growing prominence and reputation,” Lawlor said.
Previous position at Bridgewater Associates
Trafecante comes to Fairfield from Bridgewater Associates, where he directed financial planning and analysis and treasury.
At Bridgewater Associates, he was responsible for executive management reporting, financial modeling, forecasting and financial analysis. He managed the investment portfolio, daily cash management needs, letters of credit, collateral, compensating balances, banking and counterparty risk.
He also monitored and facilitated certification of debt covenant compliance and other contractual obligations.
“I look forward to returning to my alma mater particularly at such an exciting time, with the university positioning itself as a leader in Jesuit higher education,” Trafecante said.
Other financial posts
Prior to his affiliation with Bridgewater, Trafecante was senior vice president and corporate controller of Velocity Express, where he was a member of the senior management team that oversaw the integration of a significant acquisition, doubling the size of the company. He managed investor relations and corporate treasury and oversaw a staff responsible for financial operations, including accounting and financial reporting, budgeting, forecasting, financial analysis, area and product line profitability, payment processing, debt and tax compliance, payroll, investor relations and treasury activities.
Trafecante also worked for the accounting firm KPMG as a senior audit manager and reviewed quarterly and annual financial statements in connection with Securities and Exchange Commission filings. His SEC clients included Gartner, TranSwitch Corp. and Mercator Software.
He was division controller/director of financial planning and analysis at Dictaphone Corp., where he collaborated with functional leadership to drive profitability and growth.
Additionally, Trafecante was senior accountant and audit manager for Deloitte & Touche, where he managed financial statement audits, pension plan audits, compilations, and reviews for public companies and municipalities. He was lead auditor for the New Britain and Milford accounts.