Summary
* Business experience: Over twenty years in high level business finance positions including seven years as a professional for a Big Four auditing and consulting firm (E&Y), and fifteen years as an executive for public and private companies in technology and life-science related industries.
* Education: Bachelor’s (Accounting – 1985) and Master’s (Finance – 1995) Degrees from San Diego State University; completed over 500 hours of course work for legal studies in Contracts, Torts and Criminal Law (2006 – 2007).
* Certifications: CPA, CMA and CFM.
* Other: Completely fluent in English and Spanish; literate in Portuguese and French.
Business Experience
7/00 – 10/05, 11/07 – Present Chief Financial Officer / Consultant IdeaEdge, Inc.
- Manage Finance, Information Systems, Human Resources and Legal Affairs for publicly-traded online Retailer, predecessor businesses and its privately held acquiree. Also oversaw Finance for subsidiaries Children’s Technology Group and M7 Networks.
Selected Achievements
* Sucessfully took predecessor Company (1st Net Technologies, Inc.) public and managed the VOS acquisition of IdeaEdge and subsequent registration statements, coordinating the SEC, attorneys and accountants.
* Overhauled and corrected systems of internal control and financial reporting with significant material weaknesses including numerous SEC accounting and reporting issues in connection with software revenue and expense recognition and other significant areas.
* Significantly reduced headcount and costs (44% and $36,000/month) in the administrative functions along with SEC reporting, audit and tax compliance fees.
11/06 – Present Financial Consulting
- Provide financial, IT and operational advisory services to companies including Xpectra, Inc., Digirad Corporation, Neology, Inc., Avanir Pharmaceuticals and American Technology Corporation.
* Served as interim Chief Financial Officer for Xpectra, Inc., responsible for Finance, HR, IT, Administration and Legal Affairs. Company manufactured plastics with 2006 sales of $72M with 1,500 employees in four plants in Tijuana, Juarez and Colorado.
* Other services rendered included complete charge of year-end SEC reporting (10K, proxy, etc.), stock option plan review and staff training and mentoring.
6/07 – 11/07 Senior Audit Manager – Public Accounting Squar, Milner, Peterson
- Client service executive for public and private entity attestation services.
- Technical resource with extensive background in public reporting requirements and recent accounting pronouncements including accounting for stock options, revenue recognition, international standards and derivative accounting.
Selected Achievement
* Instrumental in procuring new audit and review client ($100 million electronics manufacturer) for Firm, consistently highly rated client service provider.
10/04 – 11/06 VP Info Systems / Chief Financial Officer / Consultant Neology, Inc.
- Oversaw Finance, IT, Human Resources and Administration for an international RFID concern.
- Managed all legal affairs including litigation surrounding intellectual property, breach of contract and unfair competition matters.
- Supervised staff and divided work presence 50/50 between Mexico City and Poway, CA locations.
Selected Achievements
* Instrumental in raising $11 million in several rounds of venture equity financing from private investors. Key investor contact for additional company funding and financial liaison with all outside parties.
* Successfully led implementation of new ERP system both in San Diego and Mexico City. Implementation involved converting subsidiary locations from accounting with spreadsheets to an enterprise-wide IT system linking the Company’s primary locations in one system. The implementation was done without the use of consultants and all tasks and training were performed by existing staff in their respective local languages.
* Developed widely admired forecasting techniques to give the Company visibility on its financial position and future needs for the first time in its history.
* Remedied severe material internal control weaknesses, corrected substantial errors in financial information and issued delinquent audited financial statements for two years shortly after joining Company. Interfaced with auditors in Mexico City and the US (BDO), preparing all financial reports for their review and sign-off without adjustment.
* Prepared and filed all delinquent US tax filings, oversaw the Company’s successful effort to come into compliance with all Mexican fiscal (tax) requirements.
* Negotiated substantial discounts on past-due amounts owed by Company and its subsidiaries to various parties for debts incurred during prior periods of severe underfunding.
8/02 – 12/04 VP / Chief Financial Officer BMR/CCT
- Responsible for Finance, IT, Human Resources, Facilities and Administration for $30 million Southern California pharmaceutical research firm.
Selected Achievements
* Joined BMR/CCT while insolvent, kept the Company operating for over 18 months until it underwent a complete operational turnaround and substantial profitability. Successfully established and maintained good lender relations, including the renegotiation and renewals of bank and seller acquisition and line of credit financings under very company-favorable terms and conditions during times of insolvency.
* Overhauled AR and AP by drastically accelerating collections and managing cash outflows while greatly improving relations with both customers and vendors.
* Replaced nonperforming financial IT systems with one single system across the Company’s subsidiaries and locations, reducing costs by over 90% while greatly enhancing efficiency.
* Overhauled finance function with material weaknesses and integrated newly acquired company, bringing in new team while reducing redundant procedures among the Company’s subsidiaries.
* Established reliable systems for accounting and the monitoring of clinical trials; completed numerous audits without adjustments, greatly increasing the bank’s and external auditors’ confidence in the Company’s financial data.
2/02 – 9/02 Director Finance Latin America / Consultant Wireless Facilities, Inc.
- Responsible for Finance for Wireless Facilities, Inc.’s (a SD public wireless services company) Latin American subsidiaries in Mexico City and Sao Paulo, Brazil.
Selected Achievements
* Restructured finance function in Company’s Mexico City location where the Company (as reported by KPMG) had material weaknesses in internal controls. Quickly instituted strong financial controls to produce accurate financial statements for the first time in WFI Mexico’s history and remedied Latin America’s material internal control weaknesses.
* Established budget and forecast systems for timely communication to corporate management of expected financial performance.
4/97 – 7/00 Vice President Chief Financial Officer Asset Recovery Concepts
- One of three founders in a venture capital backed enterprise established to provide resale, remanufacturing and distribution services to major computer OEMs;
- Oversaw Finance, IT and Human Resources for the Company, Corporate Secretary.
Selected Achievements
* Led the team that successfully implemented the Company’s client-server-manufacturing package within 45 days of its selection. Wrote several of the mission-critical add-on applications (Visual Basic and MS Access) in addition to establishing the Company’s internal computer networks.
* Successfully negotiated necessary first and second rounds of financing for the newly formed company with lenders and venture capitalists.
10/92 – 4/97 Vice President Finance and Administration / CAO Aurora Electronics, Inc.
- Oversaw Finance, IT and Human Resources for the Company as well as SEC reporting (after 1994).
Selected Achievements
* Initiated drastic overhauls of the credit/collections and inventory MIS systems, reducing days' sales outstanding to 30, reducing bad debt expense from $700K to $10K annually and increasing annual inventory turns in excess of 50 times.
* Successfully integrated the finance departments of newly acquired domestic and international companies into the Company’s financial reporting structure, eliminating redundant processes.
* Reduced the department's workload through the development of technology solutions allowing for increases in productivity yielding reductions of administrative headcount in excess of 55%.
* Leader in the Company’s successful ISO 9002 implementation.
* Reduced cost of Company’s tax and SEC compliance costs to one-fifth previous amounts.
1/86 - 10/92 Audit Manager/Technology Coordinator Ernst & Young
Scope of positions and responsibilities
- Planning, budgeting and coordination of audit and tax services, successfully assisted the completion of numerous public and private transactions including mergers, initial public offerings and additional rounds of financings;
- Office liaison for cross-border (Mexico) engagements;
- Coordination of technology and computer automation functions including responsibility over selection, implementation and training for computer and other technology solutions;
- Certified instructor for Ernst & Young national and local office professional education seminars. |
