Finance Director / CFO / Treasurer
Financial executive with successful record of creating value in both domestic and international organizations. Repeatedly spearheaded major initiatives in start-up and rapid change environments. Developed leadership and management skills in a range of organizational contexts. Skilled at applying analytical decision making processes to achieve innovative results. Combined in depth multi-industry, business and financial model knowledge accumulated as a professional investor with a progressively built CFO skill set.
Selected Professional Highlights
• Developed Asian subsidiary of U.S public company financial services firm from start-up operation into an established organization with significant revenue growth (Integrated Resources Hong Kong).
• Created and led $5M million large scale enterprise wide IT implementation project to support annual tax revenue growth from $500M to $1B (Clark County, NV).
• Led start-up equipment supplier subsidiary of International Game Technology from zero to $10M in revenue and positioned company to go public.
• Supported 5X asset base growth, of private real estate developer, that produced 20% annual return on invested capital.
• Increased capital market profile of development stage international company.
Core Competencies
Finance & accounting / System conversion / Internal audit & control / Regulatory compliance / Project management & BPR / Acquisition due diligence / Audit & consulting / Financial reporting / Treasury & cash management / Financial analysis (company & industry analysis) / International finance / General and financial management / Financial structuring / Valuation
Professional Experience
CFO consultant
2007 - 2008
AMAZING HOLDINGS PLC – UK
(CFO/Board member/CFO consultant for Taiwan resort developer)
Provided professional credibility to successfully lead U.K. listed public company through due diligence process in its first ever major investment banking relationship. Appointed to Board of Directors. Modeled company development projects and structured JV deals, as well as, a variety of debt/equity/hybrid financing transactions. Worked with Board and senior management to refine planned $100M - $300M casino/resort development strategy. Interfaced with major investment banks and institutional investors to raise company profile both in the U.S. and U.K. investment communities.
SGC WORLDWIDE - Bermuda
(CFO consultant for private international lottery operator)
Developed revenue securitization strategy as financing alternative. Created financial dashboard business metric reporting system for Central American operations. Implemented tax regime for foreign subsidiary. Developed strategy for cross border accounting system. Offered and declined permanent CFO position.
AS CAPITAL / ASNY CORPORATION - Las Vegas, NV 2002 - 2007
Controller/Senior Financial Analyst/Portfolio Manager
(Large private time-share real-estate developer that was sold to major investment bank in 2007)
Recruited to privately held real estate developer as Controller. Promoted to senior financial advisory/management position within parent company. Reported to founder and interfaced with company constituents (institutional lenders, major investment banks, Wall Street analysts, outside money managers/hedge funds, investee company senior management, etc.). Also, co-managed “eight figure” private hedge fund that made public and private equity investments.
• Provided analytical and advisory support to company senior management in connection with real estate and other major company acquisitions that grew asset base 5X over five year period and generated 20% + ROIC.
• Modeled and advised company in connection with cumulative “nine figure” capital market financing transaction activity during period that supported company growth.
• Identified and collaborated with specialist outside money managers to improve returns in a variety of sectors and strategies (i.e. oil & gas, international, small-cap equity, value, etc.).
• Identified targets and led due diligence effort in connection with private equity investments in variety of industries including, financial services, consumer, medical device, etc.
• Championed private equity investments in the transportation and security industries with potential for 10X+ returns.
• Developed in-depth research / concentrated position investment strategy in major public gaming companies that led to 80% return on invested capital in 2004.
• Established research partnership with top 15 U.S. hedge fund that generated public equity investment recommendations which resulted in above market performance in significant equity holding during 2006.
CLARK COUNTY TREASURER’S OFFICE - Las Vegas, NV 1998 - 2002
Assistant Treasurer
The Treasury department is responsible for managing a $2.5 billion fixed-income portfolio, County banking functions and collection of $1 billion per annum in property tax receipts. Reported to Treasurer and supervised approximately 25 direct reports.
• Built department profile and credibility in local government/community/media.
• Developed project IRR model and successfully made case to County senior management to invest in $5M enterprise-wide IT project designed to support the processing of $1B per annum in property tax collections. Spearheaded national vendor due diligence effort, negotiated contracts, developed project plan and led implementation effort for the project.
• Led Treasury department through multi-year growth period where transaction volumes grew by approximately 25% per year.
• Increased revenue transaction processing productivity from $300M to $500M while keeping costs in check through leadership of a business process reengineering effort.
ARTHUR ANDERSEN (AA) - Las Vegas, NV 1997 - 1998
Audit Manager
Managed gaming internal audit function for Starwood Hotels & Resorts properties which included Caesar’s Palace, Caesar’s Tahoe and the Desert Inn, among others. Joined AA in connection with Hilton’s outsourcing its internal audit department to the firm.
• Created first national internal control system standard for the U.S. Indian gaming industry.
• Developed process improvement recommendations for Mandalay Bay earnings guidance system.
HILTON HOTELS CORPORATION - Las Vegas, NV 1996 - 1997
Acting Director of Internal Audit/Gaming Audit Manager
Supervised audit function of the worldwide company. Reported to senior management and audit committee of the company. Appointed acting director of the function after serving as Gaming Audit Manager of the worldwide company. Ultimately left company as result of Hilton outsourcing its internal audit function to AA.
• Performed acquisition due diligence work of subsidiary acquired by Hilton as part of its Bally’s acquisition. Made strategic/financial recommendations for disposition of the subsidiary which were implemented by Hilton.
• Built professional profile with senior management by performing advisory work on a range of politically sensitive and technically complex assignments in various company ventures/matters including timeshare, worldwide reservation system, fraud investigations, etc.
ELSINORE CORPORATION - Las Vegas, NV 1993 - 1996
Assistant to CEO/Controller
Public gaming operator that owned the Four Queens Hotel & Casino. Facilitated company restructuring process as the parent company filed for Chapter 11. Promoted to CEO assistant and performed investor relations function for parent company after serving as the Controller of the company’s major subsidiary.
• Established stability in Controllership function after following eight predecessors during previous three year period.
• Successfully managed and communicated company Chapter 11 reorganization plan to various stakeholders (debt, equity, trade claims holders, accountants, lawyers, etc.).
PREVIOUS PROFESSIONAL EXPERIENCE
National firm auditor/consultant to a variety of companies and industries with Laventhol & Horwath, Grant Thornton and Pannell Kerr Forster. Controller/CFO experience with subsidiary of IGT (EDT, Inc.), plus international business experience as Vice President of Integrated Resources Hong Kong (subsidiary of former NYSE listed financial services firm).
Education / Credentials / Other
B.S. University of Nevada, Las Vegas
Certified Public Accountant
Completed level 1 of the CFA program
Member of CFA institute
Board member Vegas Valley Angels (2006 - 2007), a private equity investment organization. |
