CHIEF FINANCIAL OFFICER/ VP FINANCE/ CORPORATE CONTROLLER
Financial Executive providing financial leadership and strategic management driving business growth and operations by providing timely and insightful financial management information
SEC reporting, monthly closes, financial, analytical and internal management reports
Financial planning and analysis (FP&A), financial modeling, benchmarking, budgets and forecasting
Design and implement accounting and ERP systems and effective business processes
Mergers and acquisition (M/A), valuation modeling, due diligence; negotiation, purchase agreements, financing and closing and post acquisition integration
Corporate finance and capital markets including, IPO’s and secondary offerings private equity, subordinated debt placement, venture-backed funding and early stage investments
Management and leadership working in publicly traded growth companies, private equity owned, venture capital backed, start-ups, companies in transition, crisis and turn-around situations
Proficient in working in cross-functional teams for change management, needs assessment and process improvement, optimization and cost reduction, corporate reorganization, and downsizing
Treasury, custodianship, enterprise risk management (ERM) and related insurance programs
Effectively analyze and streamline systems for internal controls and reporting
SOX 404 implementation, documentation, process narratives, testing and ongoing compliance
Diverse industry experience including Biotechnology, Software Publishing, Digital Media, Entertainment, Ecommerce, Consumer Products, Franchising, Oil Production, and Manufacturing
BIOTECH – Irvine and San Diego, CA
Vice President and Corporate Controller 2006 to present;
Corporate Controller 2004 – 2006
Senior executive for a Biotech company specializing in protein drugs that promotes tissue regeneration. Recruited to build the financial infrastructure, designed and implement new business and accounting processes; and installed an ERP and accounting system. Grew revenues from zero to $50 million. Developed and manage an accounting staff of 6 and responsible for 21 employees. Active at the board level.
• Responsible for our SEC reporting team; monthly closes, and monthly financial and analytical reports
• Collaborator in Business Development in valuing licensing opportunities with pharmaceutical partners
• Technical accounting issues including: Revenue Recognition, FAS 123(R), FAS 133, FAS 157, FIN 48
• Implemented NetSuite ERP, converting the accounting system and formalizing trial management
• Clinical trial management, took corrective action to get our clinical trials back on track to completion
• Key participant in our IPO S-1 registration; subsequent registrations and financing opportunities
• SOX 404 implementation, documentation, process narratives, attribute tests and ongoing maintenance
• Lead due diligence team for private placement of Senior Secured Convertible Notes
• Treasury management of a portfolio of money market securities; cash management and forecasting
• Implemented electronic funds (EFT) program, set-up lockbox operations, manage wire transfers
• Manage the issuance of securities including the conversion of convertible notes into common stock
• Participant in the Compensation, Audit and Governance committees; prepares committee reports
• Member of the Investor Relations team, Disclosure Committee, and the review and issuance of 8-Ks
FRANCHISE COMPANY 2001 – 2004
Chief Financial Officer and Corporate Controller
Recruited for the purpose of establishing a corporate infrastructure, developing accounting policies and procedures, business processes, HR and SEC reporting, for a franchise company with retail operations, $10 million in revenues. Collaborated with senior executives recruited from Mail Boxes Etc., growing our franchise business from 12 to over 100 units. Managed an accounting staff of 4. Active at the board level.
• SEC reporting; consolidation of ten business units; monthly closes and financial reporting
• Created and implemented financial and analytical reports for operations management, including variance analysis for each operating unit; integrated all units on 1 accounting platform
• Installed Great Plains ERP (Retail, CRM and Accounting) integrating all acquired business units
• Lead due diligence and negotiation for the acquisition of a franchise company with a nine retail units. Merged the acquired company with a publicly traded company and filed post merger SEC reports
• Collaborated with franchise executive team in filing our Uniform Franchise Offering Circular (UFOC)
• Managed the conversion of 350 private company stockholders to publicly traded shares
• Investor relations, investor presentations, corporate finance, business plans, and projections
SOFTWARE COMPANY - 2003 – 2004
Chief Financial Officer and Corporate Controller
Recruited by and reported to the Board of Directors after the auditor insisted that the company hire an experienced CFO. Responsible for establishing a financial infrastructure, including policies and procedures, accounting and business processes; financial reporting, and HR for a software publisher, with $5 million in revenues, 12 employees, and operating in 7 locations. Acted as COO, managing day-to-day operations.
• Responsible for SEC reporting, registration statements, and the filings regarding the merger
• Created, designed and implemented monthly financial reports, processes and variance analysis
• Reorganized our sales force, increasing revenue, improving customer service while reducing costs
• Implemented NetSuite ERP, with CRM, and an accounting system; improving decision-making
• Designed e-commerce system; automating our web store, speeding up fulfillment time, lowering costs
• Primary contact for investor relations, developed our sell side strategy with our financial advisor
• Valued the company for the board of directors, resulting in leading a merger with a larger company resulting in a transaction creating $100,000,000 in increased shareholder value
• Arranged private placement of $2.5 million of convertible debt, made investor presentations
• Cash budgets and forecasting; expedited AR collection, while negotiating payment plans with vendors
DIGITAL MEDIA, ECOMMERCE AND ENTERTAINMENT 1999 - 2001
Chief Financial Officer and Corporate Controller
Introduced by their investment banker and hired by the CEO to establish a financial infrastructure, including policies and procedures, accounting and business processes; internal controls, financial and SEC reporting for a very entrepreneurial and dynamic digital media, entertainment and e-commerce company with revenues of $5 million and 22 employees. Managed an accounting staff of 2. Active at the board level.
• Revised the business strategy; reorganized the company along revenue lines, increasing efficiency and revenues, while reducing costs and downsizing the company to cash-flow break even.
• Established operating budgets for each unit, defining Key Performance Indicators and accountability
• SEC reporting, preparation of our registration statement to meet the eligibility rule requirements
• Implemented all financial reporting systems; monthly financial statements with variance reports
• Investor relations, investor presentations, business plans, financial models and forecasts
OIL REFINERY 1997 to 1999
Controller introduced by their outside council, hired by the CEO, to be a key participant in a turnaround in operations by providing meaningful and timely management information by improving financial reporting processes, and internal and external reporting for an oil refining and pipeline company with $350 million in revenues and 650 employees. Managed an accounting staff of 32. Active at the board level
• Key participant in the divestiture of the company to an investor group, prepared investor presentations, business plans and cash-flow models. Identified and qualified prospective acquirers.
• Debt restructuring negotiations with multiple lenders; crafted strategy and presentation for discussions
• Consolidated financial statements for four subsidiaries; monthly reports and variance analysis
• Reorganized the accounting department improving financial reporting; upgraded Solomon software
• Financial planning and analysis, operating and rolling budgets, and cash flow projections
• Supply chain management, reducing supply inventory 25%, resulting in $3 million in savings
• Capital project planning, contract management, budgeting and cost review analysis
• Exposure to risk management in commodity markets utilizing hedging contracts
CONSUMER PRODUCTS 1995 - 1997
Chief Financial Officer and Corporate Controller recruited by an investor group, to support a turnaround in operations, improving the financial and internal reporting processes, and to provide meaningful timely management information; for a distressed consumer products/ fashion industry manufacturer with $40 million in revenues and 80 employees. Managed an accounting staff of 4. Active at the board level.
• Negotiated outsourcing contracts with mainland Chinese based manufacturers
• Implemented of MAS 90 ERP, improving materials and inventory management and planning
• Lead debt restructuring with bank, crafted work-out strategy, and prepared presentation for discussions
• Negotiated sale of the company to an investor, prepared investor presentations and business plans
• Cash flow management, expediting AR collections, while negotiating payment plans with vendors
• Active in production planning, labor scheduling, material resources and supply chain management
• Transportation and logistics, importing, customs rules and documentation; and letters of credit
• Reduced inventory 30% with JIT delivery; implemented new purchasing policies and vendor selection
• Located new facility, negotiated lease terms; managed relocation and building improvements
Investment and Corporate Banking
• Investment and corporate banking service for Fortune 2000 and major middle market companies
• Corporate debt, lines of credit, term loans; subordinated debt; and private equity
• Financing for M/A transactions, LBO buyouts, DIP financing, Venture capital, late-stage funding
• M/A advisory services, business valuations, fairness opinions, business plans and financial modeling
• Management consulting for crisis and turn-around situations, Ch11 reorganization plans, restructuring
Top 20 CPA firm,
Education and Qualifications:
• BS Accounting
• Certified Public Accountant: current in CPE requirements
• Member AICPA, IMA and the Regulatory Compliance Association
• Director Industry Trade Group
• The Leadership Institute |
