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Senior Accounting & Financial Management Executive

Location:
San Francisco, CA, 94110
Salary:
$175,000
Posted:
April 21, 2009

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Resume:

Peter Thomas Chantel, CPA

**** ******** ******, #***  San Francisco, California 94110  415-***-****  pv7ft2@r.postjobfree.com

SENIOR ACCOUNTING & FINANCIAL MANAGEMENT EXECUTIVE

Budget & Financial Management - Strategic & Financial Analysis - Financial Planning & Forecasting -Corporate Finance - Contract Negotiations & Administration - Auditing & Accounting - Team Building & Leadership - Financial Systems Automation - Tax Accounting - Acquisitions

Versatile, visionary executive offering comprehensive financial management experience in high-profile positions; proven record of initiating improved business processes/systems and subsequent profit gains. Strong background in financial and business planning, budgeting, forecasting, and accounting. Expertise in synthesizing accounting and finance with key business operations. Proactive and goal-focused team leader; creative and resourceful problem solver. First-rate communication skills and PC proficient. Certified Public Accountant.

PROFESSIONAL EXPERIENCE

ONVIDEON, INC, San Francisco, CA 2008-Current

Chief Financial Officer/Chief Operating Officer/Co-Founder

Secured angel funding from William R. Hearst III to incubate a Mobile VOD (SaaS) platform company. Negotiated buy-out of the product code and other IP from Akimbo Systems, Inc. Partnered with another founder and CTO to employ a small IT team in order to rebuild IT systems in anticipation of full “code complete” product roll out in 2009. Build financial plan(s) with firm deliverables tied to a time table. Completed incorporation and begin patent application of the product code to increase value. Prepared investor presentation deck (s) with clear value proposition and target market for Round A financing. Presented to over 15 VCs. Financing efforts stopped by the current economic environment.

AKIMBO SYSTEMS INC., San Mateo, CA 2007-2008

Chief Financial Officer

Chief Financial Officer for a start up Online (SaaS) Video on Demand company backed by Draper Fisher Jurvertson, KPCB and Zone Ventures. Responsible for all capital structure reporting, investments and month-end closings. Brought by the board to re-starting the company AFTER Akimbo burned through $55M in capital. Prepared 5 year Business Plan and Budget for “re-start” of Akimbo. Presented in front of investors and Board of Directors including its chairman, William R. Hearst III. Lead complete recap of the company including a road show and a close on Series 2 funding. Established new processes, procedures and financial controls. Evaluated new banks, contractors, vendors and consulting firms. Curbed monthly burn rate from $1.2M to $500K in order to extend execution run way. Headed internal IT department (network/equipment, telecommunications etc) as well as HR functions. Asked the board to wind down operations due to lack of additional financing or product traction in the market. Completed orderly wind-down in September of 2008.

SIGNATURES NETWORK, INC. (Formerly SONY SIGNATURES, INC.), San Francisco, CA 2001 – 2007

CFO & Senior Vice President (2006)

Vice President of Finance (2003 - 2005)

Controller (2001 - 2003)

Senior Financial Executive with world’s largest music merchandising and licensing company, with full responsibility and accountability for directing team of 10 finance professionals; liaison to outside auditors and outside counsel; prepared annual fiscal budgets models and monthly forecasts governing six divisions with revenues totaling over $125 million; established monthly operational packages and performed monthly strategy sessions and operational reviews with department VPs; reviewed/established accounting policies to ensure integrity of reporting systems; negotiated contracts with vendors resulting in price reductions; negotiated term and line of credits with banks; formulated partnerships, acquisitions, and business expansion plans.

Selected Accomplishments:

- Built and developed a top notch 10 person finance recognized with various company awards (2001: Employee of the Year; 2002, 2003 and 2006: Hardest Working Employee). In 2005 finance team members won ALL four company awards as well as one-time recognition award from the company’s President as "Department of the Year."

- Ensured accuracy of FY2001 - FY2006 annual budgets within 5-10% on revenues, expenses, and EBITDA.

- Successfully defended CA, NY and FL sales tax audits as well as Federal Income Tax audit to prevent potential costly penalties.

- Successfully managed and protected the company from multimillion-dollar artist royalty audits.

- Strategized with department VPs on product cost reduction, product sales price points, market analysis, etc. which resulted in 2-3% gross margin increases throughout the company.

- Performed modeling, due diligence and closing on $15 million bankruptcy acquisition of major competitor that cemented SNI as the largest company in its market.

- Spearheaded effective relationships with external auditors to ensure leverage in auditing activities and managed auditing process to ensure corporate protection from liability.

- Negotiated and secured lines of credit (term and revolver) in the amount of $17.5 million to fund shareholder buy-out and business expansion.

- In 2006, part of a 5-person team that spearheaded a joint venture with Major League Baseball ("MLB") which allowed Signatures to expand its business into artist web sites, fan clubs, and VIP ticketing – a $2 billion dollar market.

- Structured installation and integration of Microsoft Great Plains ERP software solution including cost-benefit analysis, product review, recommendation and reporting using FRx which resulted in process, reporting, and internal controls improvements.

- Part of five 5-person Executive Committee responsible for full company operations.

KETERA TECHNOLOGIES (formerly MarketMile.com by AmEx and IBM), Mountain View, CA 2000 – 2001

Director of Finance

Oversaw entire scope of financial/accounting functions, including month-end close statements, monthly close packages, annual budget and five-year plan, and packages for Board of Directors. Reported directly to President and CEO.

Selected Accomplishments:

- Played key role in integrating Ventro-based ERP system that resulted in increased business development and organizational growth.

- Authored and instituted all initial A/P, A/R, and payroll policies to ensure accuracy and integrity of financial reporting and accounting system.

CIRCUITTOYS.COM, Carlsbad, CA 1999 – 2000

Co-Founder

Co-founded a start-up B2B/B2C business in 1999 specializing in party and music novelty products. Performed all financial management activities and established accounting systems, customer service support, warehousing, and web site development functions. Successfully achieved business growth and maintained profitability within highly competitive, volatile market.

Selected Accomplishments:

- Built annual revenues from $0 to over $1 million in two years with limited capital.

- Personally secured promotional contracts with large promoters and industry-leading companies, including Universal (Red Line), Bacardi, and E-Entertainment.

AT&T LOCAL SERVICES, Atlanta, GA / Various Locations 1995 – 1999

Vice President of Finance, Southern Region (1998 – 1999)

Controller, Florida Market (1997 – 1998)

Controller, New Jersey Market (1996 – 1997)

Senior Financial Analyst, Illinois Market (1995 – 1996)

Progressed through series of increasingly responsible financial management positions to direct all finance and general accounting functions for company’s fastest growing region ($190 million in annual revenues). Managed daily operations within Division of Finance and served as key member of executive management team directing regional operations. Scope of responsibility was diverse and included strategic/tactical planning, budgeting and forecasting, inventory management, MIS support, financial analysis, project management, and financial statement preparation. Challenged to ensure integrity and viability of finance and accounting operations during new technology implementation and network expansion phase. Authored 12-period forecasts, annual operating/capital budgets, and 10-year operating plan.

Selected Accomplishments:

- Improved EBITDA by spearheading $10 million reduction in expenses in midst of off-target revenue production totals for FY1998.

- Orchestrated restructure of entire staffing/operations set-up within Division of Finance, resulting in subsequent increases of productivity and efficiency measurements.

- Authored and implemented Regional Accounting Processes and Procedures Manual that established uniformity in accounting processes across region.

- Fostered staff development by selecting key accounting team members to participate in cross-training teams and expanding training/development opportunities for all staff.

- Instituted process redesign and standardization initiatives that boosted accuracy, quality, and timeliness of financial information distribution/access.

- As Controller of FL Market, teamed with sales and marketing executives to develop win-win strategic and tactical actions plans during period of rapid growth and competition.

- As Controller of NJ Market, designed standardized monthly regional reporting system based on GAAP with built-in refinements for industry-specific reporting/compliance issues.

- Earned recognition for efforts as Senior Financial Analyst in conducting comprehensive financial analyses/evaluation projects for largest market in $100 million region.

COLONY ADVISORS, INC., Century City, CA 1992 – 1995

Senior Financial Analyst

Recruited to supervise staff of accounting assistants and perform wide range of financial analysis and evaluation activities, including ledger/journal preparation, complex asset valuations, partnership distribution calculations, business plan development, operating budget preparation, and various other financial projects.

Selected Accomplishments:

- Met and exceeded all objectives covering financial statement preparation and analysis for managing company and three real estate portfolios representing over $2 billion in assets.

- Served as key member of several portfolio management teams and participated in $200 million portfolio purchase from Chase Manhattan Bank.

- Developed comprehensive financial statement analysis and planning models; created standardized monthly financial reporting package.

- Provided continual, ongoing training and mentoring for team of assistants, with observable improvements in productivity.

* Prior position as Internal Auditor for Chicago Association For Retarded Citizens – a private not-for-profit government funded organization, 1987 to 1991. Planned and conducted monthly internal audits of operations, emphasizing accountability, accuracy, and compliance to grant contracts for state and federal funding. Performed on-site audit engagements and provided technical support for internal controls, process improvements, and business operations.

EDUCATION & CREDENTIALS

DEPAUL UNIVERSITY, Illinois

Bachelor of Science (BS) in Accounting, 1992, Honors Graduate

REGIS UNIVERSITY, California/Colorado

MBA On-Line Executive Program, Currently Pursuing

Certifications:

CPA Certified, State of Wisconsin (CPA ID 15235-1), 1995; State of California 2007 (CPA ID 99290)

FRx Report Writer Certification, California, 2001

Andersen Certification in SEC Reporting, California, 2002

PC/MAC Skills:

Microsoft Great Plains, QuickBooks, Solomon, FRx Report Writer, MS Office Suite, Key Notes, Lotus Notes, Lotus 123, Windows, Mac Environment.

Memberships:

AICPA (Member ID: 01698719)

CalCPA



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