Manager Accounting

Lance E. Evenson, MBA

Address: **** ****** **** *****, ***** Hills, Utah 84062

Phone: 801-***-****

Email: *********@*****.***

Professional Experience:

VP Finance, Corporate Controller

Provo Craft & Novelty, Inc. – South Jordan, Utah (Private Equity Portfolio Company)

September 2008 – Current

Recruited by CFO of consumer product contract manufacturer/sales & marketing organization with $248 million in

annual revenue in strong growth mode, IPO tracked (until early 2011), and owned by private equity. The Company sells

wholesale to various national retailers (Wal Mart, Michael’s, Joann’s, others), numerous local retail stores, online

retailers, and direct to consumer though infomercials and various online web sites. China based manufacturing with

representative office and multiple factory relationships.

VP Finance, April 2010 – Current:

Responsible for all aspects of accounting, financial reporting, A/P, A/R, tax compliance, working capital management

& forecasting, internal control, and other finance related initiatives:

• Co created 13 week cash forecast model, and directed efforts to conserve & manage incoming/outgoing cash

during trough & peak season periods, weekly reporting to BOD

• Primary stakeholder for European operations expansion initiative – 2012 & 2013

o Strategic planning: 3PL system integration, sales & marketing, supply chain management

o Financial: forecasting & modeling, VAT & compliance oversight, FX, ledger construction

• Key participant in a troubled debt restructuring led by Alix Partners LLP finalized in Sept 2011

o Due diligence interface with multiple company, legal & financial representatives

• Directly interface with Financial Planning & Analysis (FP&A) and assist with the creation and management

of annual budgets, monthly forecasts, and other ad hoc management reporting

• China office legal representative

• Managed up to 21 employees in Corporate Accounting, A/P & A/R, Financial Reporting, and SAP

Corporate Controller, Sept 2008 – Current:

Charged with implementing world class finance & accounting (F&A) practices, internal controls, an SAP ERP system,

ledger consolidations & financial statements, management financial reporting, and preparing the Company for an IPO

or equity sale transaction. Accomplishments included:

• Restructured or created several accounting policies and processes including the following:

o Reduced monthly/quarterly accounting close schedule from 20+ days to 5

o Formalized the close process by creating a comprehensive, cross functional close check list

o Introduced formal monthly balance sheet reconciliations requiring mgmt review & approval

o Created and implemented a systemic purchase requisition & purchase order process

o Managed a comprehensive overhaul of the Company’s G/L, and financial reporting

• Steering Committee member of a company wide SAP ERP implementation

• Managed 4 simultaneous Quality of Earnings reviews in preparation of a majority interest equity sale,

successfully finalized the transaction to BAML Capital Partners in March 2010:

Due diligence interface with investment bankers & buyer financial & legal representatives

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Forecasted and finalized working capital targets, FV analysis (ASC 805) and purchase accounting

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Year end goodwill & intangible asset impairment testing (ASC 350 & 360)

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Successfully transitioned independent auditor from regional firm to Big 4 auditor PWC

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Ally Financial Inc. (GMAC Bank) – Midvale, Utah (Ticker: GM & Private Equity Portfolio

Company)

April 2007 – September 2008

Controller

Recruited by and reported to the CFO. Was responsible for all accounting, FP&A, SOX & FDICIA compliance, SEC &

regulatory reporting functions for a Utah based industrial bank with $28.4 billion in automotive, residential mortgage

and commercial assets, and $1.8 billion in annual revenue. Company was jointly owned by General Motors and

Cerberus Capital Management:

•Directed all efforts related to accounting, external & mgmt. financial reporting, and 10 Q & 10 K filings

•Managed FP&A including annual budget, business plan, forecasting, and other ad hoc reporting

•Responsible for all aspects of regulatory reporting including quarterly Call Report, FR 2600, FR 2644 and compliance

with all other UDFI and FDIC rules & regulations

•Managed staff of 6 accounting and finance professionals, and 2 office locations in Utah & Pennsylvania

•Interfaced & coordinated all efforts with PWC & internal auditors, and UDFI & FDIC regulators

TD Ameritrade (thinkorswim.com, Investools Inc.) Draper, Utah (Ticker: AMTD)

February 2005 – April 2007

Revenue Manager

Recruited by and reported to Corporate Controller. Ensured revenue recognition was in compliance with applicable

GAAP (SOP 97 2 and EITF 00 21) for publicly traded investment education and brokerage firm:

• Managed divisional revenue recognition models, related journal entries, VSOE for proper revenue allocations,

consolidating entries, and constructed disclosures for SEC reporting

• Revenue Subject Matter Expert (SME) and key participant in company wide SAP implementation

• Managed 4 full time staff & senior accountants

SEC Reporting & SOX Compliance Manager

Directed and managed all SEC reporting and Sarbanes Oxley (SOX) compliance efforts including:

• 10 K, 10 Q, 8 K, Proxy Statements, and Section 16 filings (Forms 3, 4, and 5)

• Key participant in acquisition of thinkorswim.com (M&A)

• Managed & coordinated efforts related to the external financial and SOX audit (KPMG)

• SOX scoping; oversaw process & internal control documentation; process testing; results communication to

Executive Management, external auditors, and the Board of Directors

• Managed staff of 8 full time SOX consultants

Cadence Design Systems, Inc. Sandy, Utah (Ticker: CDNS)

July 2002 – February 2005

Principal International Accountant

Managed the world wide accounting close, inter company reconciliations for 40+ foreign subsidiaries, currency

translations, FX exposure analysis, transfer pricing adjustments, SOX process documentation & testing, and financial

statement consolidation for a publicly traded, Fortune 500 EDI software corporation.

Arthur Andersen Boise, Idaho

December 1999 March 2002

Senior Staff Auditor

Assisted with planning & execution of financial statement and benefit plan audits for publicly traded and privately

held companies across various industries including catalog retail, forest products, manufacturing & distribution, agri

business, and public utilities.

Education & Other:

• Passed all 4 sections of the CPA exam, not currently licensed

• University of Utah; Salt Lake City, Utah; MBA; October 2006; Cum GPA 3.7

• Boise State University; Boise, Idaho; BBA, Accounting; December 1999; Cum GPA 4.0

Received national Wall Street Journal Business Student of Year Award & Top Ten Scholar, 1999

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