Zane E. Christensen, CPA (inactive)
**** ******* ****, ********* *****, CO 80126 Cell (720)
Email ****.*.***********@*****.***
SUMMARY
o Strong candidate for Finance and/or Accounting leadership roles
including CFO, Divisional CFO, VP Accounting/Controller and VP Finance
o 20 years combined Finance & Accounting experience
o 7+ years Public Accounting (Audit & Assurance practice including
acquisition/due diligence)
o M&A work performing due diligence on over 20 acquisitions
o Experience in both small start-up and large corporate environments
o Experience managing personnel/teams up to 24
o Most recent 2 years as a VP Finance in a high growth start up
environment and another 4 years as a Divisional CFO/VP Finance for a
$380M revenue business
o CPA in good standing (inactive, in the process of reactivating)
PROFESSIONAL EXPERIENCE:
EXPERIS MANPOWER GROUP, Denver, CO
November 2012 To Present
Experis accelerates business growth and careers by attracting, assessing
and placing specialized expertise in IT, Finance & Accounting, Engineering
and other industries. They deliver in-demand talent for mission-critical
positions. They apply their expertise to provide a suite of proven
workforce solutions that improve their clients' productivity, efficiency
and cost containment.
Project Consultant - Experis Finance
Western Union Purchase Accounting Project
o Worked to resolve unreconciled $15 million difference in purchase
accounting on the General Ledger compared to overall reported
expectations
o Managed almost 50 different accounting ledgers to finalize purchase
accounting for this acquisition as of the one year anniversary date
o Identified accounting errors and proposed adjustments to correct these
amounts to resolve out of balance amounts
o Coordinated with disparate client locations and used client systems
(HFM, Oracle)
o Reconciled accounts for Western Union's balance sheet certification
process
TENDRIL NETWORKS, Boulder, CO May 2011 To
October 2012
Tendril is an energy platform company delivering end-to-end consumer
engagement products, applications and services based on its platform,
Tendril Connect-an open standards-based, secure and scalable platform
servicing the Energy Internet. Tendril is a venture backed early stage
company.
VP Finance (May 2011 to present)
o Brought in to advance and grow the Finance & Accounting team to
prepare for eventual IPO with an estimated 12~18 month horizon
o Areas of responsibility includes all internal accounting and finance
functions (GL accounting, monthly close, financial reporting, audit
coordination, tax, treasury, billing, FP&A, budgeting/planning,
decision support)
o Managed implementation project to replace Quickbooks with NetSuite.
Included reestablishing practical timeline (project was initiated
prior to my start with Tendril and was behind schedule) and
determining features to be implemented immediately vs delayed to
future dates as needed.
o Coordinated and managed preparation of S-1 document for anticipated
IPO
o Hired top notch team of 10 to build out Accounting & Finance
functions. Reconstructed Accounting & Finance, replacing one
Accounting Manager and both contractors with full time Controller,
Director Finance, an AP Supervisor and 5 other staff level positions
o Drove significant improvements in overall Accounting & Finance
functions including overall control environment, speed to close,
cadence and quality of reporting including external and internal
needs, policy implementation, IPO Readiness, equity and investor
financing, revenue accounting, billing and collections and accounts
payable
o Manage and coordinate Audit Committee meetings
o Support technical accounting decision and determination process -
specifically revenue recognition for SaaS, Professional Services and
Hardware Multi-element contracts; cleaned up several areas of
technical accounting in conjunction with the team put in place
o Thrived in fast pace, flexible start up environment
FIRST DATA CORPORATION, Englewood, CO September 2002 To April 2011
First Data Corporation (FDC) is an electronic commerce and payment services
company with revenue in excess of $7 billion. As VP Finance and Divisional
CFO I supported TeleCheck, mCommerce, Loyalty and TransArmor, businesses
within First Data Corporation with approximately $380 million in revenues.
VP Finance & Divisional CFO, TeleCheck, mCommerce, Loyalty, TransArmor
(April 2007 to April 2011)
o Managed Finance group (5 employees) supporting all Finance functions
including annual plan cycle, monthly forecasting and reporting,
revenue and cost analysis, pricing, ad hoc reporting, revenue
enhancement and expense reduction initiatives and Corporate reporting.
o Managed Billing group (24 employees) managing monthly billing for
TeleCheck to over 85,000 merchants, processing merchant payments and
providing support for merchant billing inquiries. Also includes
managing Warranty Payable process.
o Managed Finance Projects group (3 employees) supporting IT, Finance
and Accounting support for new projects within the TeleCheck business
(through 2009).
o Managed on a dotted line basis the Accounting group (20 employees)
supporting general ledger accounting, monthly close, settlement
account reconciliation, merchant and consumer account reconciliations,
and driving technical accounting issues related to TeleCheck (through
2008).
o Served as a member of the TeleCheck Executive Committee supporting
strategic and tactical decision making for the business, and providing
technical accounting, finance and billing guidance on merchant
pricing, business matters, etc.
Senior Director of FP&A (August 2003 to March 2007)
o Executed annual Plan cycle including Controller's meetings, Plan
reviews, and reporting to FDC.
o Oversaw monthly and quarterly forecasting cycle.
o Supported monthly, quarterly and annual close for FDGS and its
subsidiaries.
o Provided variance analysis for Company performance against Plan and
forecast. Report to Segment CFO and CEO as well as FDC CFO.
o Worked with outside consultants to identify, document and implement
Sarbanes Oxley for the First Data Government Solutions (FDGS) business
unit within First Data.
o Managed annual audit of FDGS, as well as coordinate statutory audits
of Encorus business units.
o Transitioned Accounting and Finance functions from Napa, CA back to
Denver, CO.
o Assisted CFO in determining, communicating and executing appropriate
accounting for transactions including cross charges between FDGS and
its subsidiaries, liquidation of Surepay, Inc., Encorus funding,
purchase accounting on the acquisitions of Encorus and BillingZone,
Inc., impairment testing, software revenue recognition issues under
SOP 97-2, SOP 00-2, SOP 98-1 and SFAS 96, Partnership accounting and
miscellaneous other accounting issues.
o Established initial accounting and finance operations and procedures
for a new business line resulting from a new contract with the State
of California representing $120 million in revenues over a five year
contract term.
o Managed finance function directly for the govONE, Taxware, SDU and
Corporate business lines.
o Responsible for financial and accounting reporting to investors.
o Provided ad hoc support for miscellaneous performance analyses.
Director of Accounting (September 2002 to August 2003)
o Oversaw monthly, quarterly and annual close for FDGS and its U.S.,
European and Asian subsidiaries.
o Oversaw reporting of monthly, quarterly and annual results, on a
consolidated basis, to First Data Corporation, a US-based public
company.
o Transitioned accounting responsibilities from Denver, CO to Napa, CA,
including access to existing accounting IT systems (Oracle 11i,
Hyperion).
o Managed annual audit of FDGS, as well as coordinate statutory audits
of Encorus business units.
o Assisted VP Finance and CFO in determining, communicating and
executing appropriate accounting for transactions including cross
charges between FDGS and certain of its subsidiaries, liquidation of
Surepay, Inc., Encorus funding, purchase accounting on the
acquisitions of Encorus and BillingZone, Inc., impairment testing,
software revenue recognition issues under SOP 97-2, SOP 00-2, SOP 98-1
and SFAS 96,and miscellaneous other accounting issues.
o Supported and assisted internal audit in planning, documenting and
executing First Data Corporation's corporate plan for ensuring
compliance with guidelines of Sarbanes-Oxley at FDGS.
o Managed and maintain general ledger for certain FDGS entities
o Coordinated quarterly balance sheet review with First Data
Corporation.
o Reviewed internal accounting processes to identify areas of
improvement and ensure appropriate accounting practices at all
business units.
LABVELOCITY, INC., San Francisco, CA February 2000 To September 2002
LabVelocity, Inc. was a start-up company developing database, software and
information management solutions for the Life Science/Biotech marketplace.
Vice President Finance
o Oversaw accounting, finance, tax, legal, human resources and
facilities.
o Participated in development, articulation and communication of
strategy and business plan to investors, prospective investors,
clients and strategic partners.
o Maintained accounting records in accordance with GAAP, including
software accounting and revenue recognition in accordance with SFAS
96, SOP 97-2, SOP 98-1 and SOP 00-2.
o Managed financial aspects of three rounds of financing, working with
the investment community from Seed to Series C financing, including
determination and understanding of financing terms, legal document
development and final accounting practices.
o Developed, maintained and enforced budgets and revised projections.
o Oversaw due diligence work on two asset acquisition targets.
o Communicated financial and other matters to the board of directors.
o Established and maintained banking, merchant banking and financing
relationships.
o Oversaw use and maintenance of facilities, including a $500,000
improvement effort, purchase and use of furniture and sublease of a
portion of the facilities.
o Served as primary contact with corporate legal counsel regarding
financing, personnel, corporate and some intellectual property issues.
o Implemented performance and compensation evaluation process.
o Supported and maintained all human resource activities, including
hiring and termination of employees, employee benefits and other
employee issues.
ARTHUR ANDERSEN LLP, San Francisco July 1992 To February 2000
Experienced Manager, Assurance Practice
o Managed and participated in three initial public offerings and one
secondary public offering, entailing significant development and
review of S-1/S-3 documents. Subsequently worked with these public
companies in developing and filing their 10-K, 10-Q and other SEC
reports.
o Managed and participated in numerous (~25) acquisition due diligence
projects. Included several different industries and varied procedures
(some were only financial diligence and others included more broad
operational diligence)
o Managed and supervised audit engagement teams of up to six people on
clients in a range of industries including manufacturing, commercial
services, trade show, publication and multimedia, wholesale
distribution, beverage, broker-dealer, asset management, leasing,
government and healthcare industries. Coordinated the engagement
effort with all levels of client personnel and management.
o Evaluated, trained and mentored staff accountants.
o Budgeted and scheduled audit engagements.
o Tailored procedures for specific accounting and operational projects
according to the client's needs.
o Identified opportunities for business efficiencies on each audit and
due diligence engagement.
o Participated in numerous inter-firm activities, including recruiting,
interviewing, and internal task forces for improving internal firm
policy and culture.
EDUCATION:
Masters of Accountancy, Marriott School of Management, Brigham Young
University, Provo, Utah, June 1992
o Emphasis - Managerial Accounting
Bachelors of Science, Marriott School of Management,
Brigham Young University, Provo, Utah, June 1992
o Minors - Japanese, Philosophy
PROFESSIONAL CERTIFICATION:
o California State Board of Accountancy, Certified Public Accountant
(inactive)
o Member AICPA
o Member California Society of CPA's
SKILLS:
o Proficient in Oracle 11i, Hyperion, Quickbooks, Microsoft Office
Applications
o Fluent in spoken Japanese
o Japanese writing capabilities
COMMUNITY SERVICE:
o Currently serving in various capacities for local church
o Voluntary Representative, Church of Jesus Christ of Latter Day Saints,
Nagoya, Japan, June 1986 - June 1988
o School of the Future Arthur Andersen sponsored tutoring program,
Alameda, 1995
o Eagle Scout