CFO/CAO / SENIOR FINANCIAL MANAGER / CONTROLLER

PROFESSIONAL PROFILE

MBA financial executive with Big 5 and multiple industry experience. Recognize for consistent management style resulting in high levels of team productivity. Goal-oriented, high energy and strong multi-tasking abilities. Ensure compliance with GAAP, IFRS, IRS, bank covenant and federal/state regulations. Profit-motivated, adept at cost reduction and held P&L responsibility.

SUMMARY OF QUALIFICATIONS

Demonstrate management and leadership abilities over 20+ year career in Finance, Audit, Tax and treasury management. Industry expertise includes engineering, electronics, computer software & hardware, missile/aircraft, ground transportation systems, environmental clean-up, legal firms, financial institutions, medical and pharmaceutical companies. Managed all finance disciplines in addition to; project management, insurance, procurement/material management, information technology and travel.

Areas of expertise include:

Finance, Accounting and Audit;

Long-term contracting ASC 605-35

Software Design and Development ASC 715, ASC 985-605, ASC 350-40

Stock Options ASC 718

Income Tax reporting ASC 740, ASC 274

Accounting for capital and operating leases- ASC 840

Financial planning, budgeting, estimating, reporting and modeling, present value, regression analysis, cost base pricing

Foreign Operations- under IFRS, consolidation- accounting under purchase and equity methods

SEC Sector Reporting, prepare financial Statement footnotes disclosure

Assess goodwill and investment impairment

Presentation of financial statements, financial plans, project status/ program reviews- to executitve management, Board Members, outside auditors and council.

Involved with and assess of merger and acquisitions, spin-offs, start-up, venture capital offerings

Provided accounting and legal support to outstand council

Managed, implemented and data/ accounting structure mapped a number of accounting systems including; Quickbooks, Dynamics Great Plains and Solomon, Peachtree, MAS90, Oracale, SAP

Implemented and managed the ADP and Paychex payroll systems, processed payroll and managed the HR function.

Design, implement, review and assess- ERP/ MRP systems for a number of clients (scope included EBOM, MBOM, requirements, scheduling, ordering and inventory controls)

Accomplishments:

oIncreased revenue 10% per year.

oDevelop cost accounting system, organization and financial structure that provide truer measure of activities.

oImproved outside auditor and bank relationships, provide comfort with the company’s financial performance.

oEstablished financial planning and forecasting reporting which assist executive management with setting of monthly and quarterly priors.

o Decrease past due A/R from 25% to 10%, increasing monthly cash flow $200k.

oReduced account balances to 45 days, confirmed 98% of balances with customers & collect $5 million in cash.

oNegotiate a $5 million price difference on a $30 million contract in Washington with a day notice

Cash and Treasury Management

Negotiate bank ABL ROLC financing and covenant, and prepared monthly bank reporting- Borrowing Base Certificate

Negotiate FX future contracts, SWAP and Spot contracts

Negotiate and manage lease agreements, daily cash balances, investment accounts, interest rates- income & expense

Accomplishments:

o$1m in financing for capital hardware.

oAdditional financing of $500k, over asset base lending, higher borrowing and eligibility

oFX contract and management produce $500k in FX gains

oSecure prime interest rates over other commercial accounts, e.g. 20 to 50 basis points- earning & expense

oImprove borrowing terms against the revolving line of credit- increased eligibilities and reduce dilution

Taxes Accounting

Income taxes Federal and State

oCorporate, Sub-chapter S Corporation

oDepreciation IRS code 179 and 174

oR&D tax credit per 6785 and 280c election

oTax planning

Property Tax

State and Local Taxes

Accomplishments

oReduced taxable income by 60%

oGenerated tax credits nearly equal to tax liability

oGenerated $5 million in tax assets used in future periods.

oSaved approximately $1.5 million/year in tax payments and $1 million/year in pension plan expenses.

PROFESSIONAL EXPERIENCE

Financial Planner, Investment and Insurance, Accounting and Tax Planning 2011- Present

Galgas Financial Services- Agoura, CA- Financial and Insurance Services

Provide US and international financial, cost and tax accounting services for corporate and individuals. Design, develop, advice and recommend financial plans and investment strategies to lower to middle financial market investors. Attended 270 hours CPE of financial reporting, accoutning, audit, taxes, financial security and insurance to keep current of recent and future professional development.

Chief Accounting Officer- ( including Auditor) 2005 to 2011

Atlas Development Corporation- Calabasas, CA- Software Developer, Implementer, Maintenance & Support

Responsible for monthly financial statements and Bank’s borrowing base certificate. Manage company banking, external and government audit relationships. Prepare audit schedules, statistical analysis, support external auditors, responsible for engagement letter, management representation letter, respond, negotiation and address audit memorandum. Audit and revise revenue recognition policy, gained acceptance with outside auditors. Responsible for review of client’s contract terms and conditions, coordinate billing milestone with the project managers and account executive. Responsible for accounts payable and receivable, payroll, and general accounting functions. Responsible for assuring compliance with GAAP and tax codes. Manage commission plans and payments. Prepare monthly financial forecast, profit and loss and cash requirements. Project leader and coordinator for move the company from Quickbooks to Dynamic’s Solomon financial accounting system.

Consultant- Controller, CFO, Vice President of Finance / Audit Support 2004

International Medical Corps, Santa Monica, CA- Medical & Health Infrastructure

Prepare audit schedules, audit programs/ grants for compliance with terms and conditions, analysis foreign currency transactions, audit compliance of company procedures, inventory, analysis accounting allocations of US, UK and Croatia operations.

CONTROLLER, CORPORATE TREASURY, AUDIT 1998 – 2003

MBDA, Inc., Westlake Village, CA – Engineering Design

Manage staff of 12 professionals, financial accounting and planning, US and UK GAAP and IFRS, treasury, taxes, contract finance, pricing and estimating, Information Technology, business insurance and corporate travel. Implemented programs for the recovery of value-added taxes and US state sales and use taxes, developed transfer pricing agreement. Audit company taxes and financial position, discovered, resolved and recorded all unrecognizable assets. Prepare audit schedules, statistical analysis, support external auditors, responsible for engagement letter, management representation letter, respond, negotiation and address audit memorandum.

CONTROLLER & MANAGER of AUDIT and COMPLIANCE 1996 – 1998

Whittaker Corporation, Simi Valley, CA – Electronics/ Communications

Manage staff of 12 professionals, financial accounting, planning, contracts, pricing and estimating, Information Technology, and material management. Audit and implement financial and cost accounting compliance with company procedures and GAAP. Performed audit and due diligence of inventory and account receivable balances to determine financial assets of two existing operating units, then segregated and establish new business unit. Prepare business sector audit schedules and support external auditors, Establish developed A/R collection campaign. Audited and resolve contractual issues, performed fact-finding, interpretation and application of contractual terms and condition with government auditors and finalize with customer. Project leader and coordinator transition existing accounting systems to Dynamic’s Great Plains accounting system.

MANAGER, NATIONAL AUDIT 1989 – 1995

Ernst & Young, LLP, Woodland Hills, CA – Audit, taxes and consulting

Manage up to 5 staff including audits, operational reviews and interpretation of contract regulations, cost accounting systems, contract pricing and estimating, and manufacturing and material planning systems. Audit and validate accounting and system compliance with procedures, and GAAP. Revise manufacturing processes and layouts for clients. Institute pricing methodologies using learning curves, vendor rating systems, pricing models, and work cell manufacturing costing techniques. Instructor for a 3 day High Tech/ Construction/ Long Term contracting audit course covering contract and financial accounting and tax for auditors throught partners

MANAGER – BUDGETS & CONTROL 1982 – 1989

Northrop Corporation, Newbury Park, CA – Manufacturing

Manage a staff of 20 professionals, $200 million financial operating budgets, conduct financial analysis, develop contract pricing factors and pricing and estimating. Audit and assess compliance; implement new financial and cost accounting procedures in accordance with GAAP. Develop annual and long range finance plans. Interface and negotiate with government auditors. Utilized financial modeling and regression analysis to demonstrate errors in customer’s audit pricing analysis. Project pricing required separate negotiation of rates and factors with each customer. Prepared forward pricing rate proposal used on all future contract proposals.

EDUCATION, LICENSES, PROFESSIONAL AFFILIATIONS & CONTINUING STUDIES

MBA, Pepperdine University, Malibu, CA – Business Administration

BA. University of California, Santa Barbara, CA – Business Economics, emphasis in Accounting

California Insurance License

FINRA Series 6 and 63 License

CPA (candidate- requires working for Active Licensed CPA)

California Society of Certified Public Accountants-

OUTSTANDING REFERENCES PROVIDED UPON ESTABLISHMENT OF MUTUAL INTEREST

Other areas of expertise include:

FINANCE INFORMATION SYSTEMS HR/ADMINISTRATION OTHER

Accounting Compliance Operational Compliance Insurance Compliance

Cost Control/Accounting Systems Analysis Compensation/Payroll Sales Forecasting

Taxes/Investments Systems Design Wage Analysis Pricing Analysis

Budgets/Reports MIS/ IT Administration Risk Management Manpower Planning

Financial Models/Structure Project Management Systems/Procedures Labor Control

Forecasting/Planning System Integration Telecommunications Board of Directors

Cash/Treasury Mgmt Technology Planning Facilities/Leases Manufacturing & Materials

Cost Accounting Technology Strategy Purchasing MRP/ERP Systems

Compliance w/ GAAP/ IFAS

Investment Tax Credits

Stock Options

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