Accounting Human Resources

LEO M. VALDES

CPA, MBA

*** ******** *****, ******** ****, CA 94043

650-***-****; ***********@*****.***

Summary

. Active CPA and MBA with Accounting/Finance major.

. 15+ years of managerial experience in Accounting/Finance regime.

. Directed all aspects of accounting departments Specific duties have

included SEC reporting including MD&A write-up and S-4 filing (secondary

offering), consolidation of subsidiaries, financial statement and board

package preparation, sales reporting and analysis, budgeting, and

supervision and training of staff.

. Created and implemented financial close procedures and processes for

more efficient month end closes.

. History of strong inter-departmental relationships and been primary

relationship contact for banking, audit, tax, legal, and insurance

relationships.

. Strong revenue recognition background in software and services with SOP

97-2 and SAB 104.

. Provided leadership and management of accounting staff in all facets of

accounting department (A/P, A/R, Credit/Collections, Payroll and GL) as

well as managed the Human Resources function.

. Successfully led three system implementation projects of new financial

systems.

. Established Internal Audit procedures and corporate cost reduction

programs. Strong internal control background; managed internal audit

team and conducted financial and operational audits.

. Excellent verbal and written communication skills.

. Exposure to Sarbannes Oxley.

Education

. Master of Business Administration, Accounting/Finance Concentration,

University of California, Davis. June, 1991

. Bachelor of Science, Managerial Economics, University of California,

Davis. June, 1987

Skills

Knowledge of Oracle Financials, Netsuite, JDEdwards, Great Plains, Epicor

and Minx software, Microsoft Excel, MS Word, Filemaker Pro, Lotus 123,

WordPerfect

Professional Experience

Exigen Group San Francisco, CA 2006-2009

Exigen Group is a provider of business process optimization services,

technology and outsourcing that generates financial returns for their

clients.

Senior Financial Consultant

. Provided advisory role in financial and operational improvements

throughout the organization. Major areas of focus have been in

financial reporting, professional services analysis and best practices,

contracting, and cost containment / savings.

. Supervised and managed all aspects of accounts receivable including

revenue recognition under SOP 97-2, billing, and collections. Developed

the current policies and procedures and responsible for recommendations

on future policies.

. Provided technical accounting knowledge and analysis for organization on

all accounting issues that arise. Main areas have been in revenue,

equity, leases, and intercompany transactions.

. Analyzed and identified over $2 million of balance sheet adjustments

requiring restatements over the previous five years. As company has

not had consolidated audit these adjustments were accepted and posted.

. Advised and supported on international audits in Canadian and Australian

subsidiaries. Was able to bring a clean audit opinion to the

organization for the first time in five years.

Satmetrix Systems, Inc. Foster City, CA 2000- 2006

Satmetrix Systems is the next generation customer experience solution

company that delivers hosted software and services to Fortune 500

companies. The company is the leading customer experience solution company

that identifies customers' key drivers and enables the company to act with

the highest impact.

Director of Finance and Controller

. Provided leadership and management of accounting staff in all facets of

the department (A/P, A/R, Credit/Collections, Payroll, GL and Treasury).

Supervised and directed Human Resources function.

. Coordinated financial closings with international subsidiary, reviewed

and prepared consolidated financial statements.

. Identified, coordinated and implemented corporate cost saving

initiatives that led to best financial performance in company history.

. Developed and implemented accounting policies and procedures. Analyzed

financial performance and budget variances and took corrective actions.

. Responsible for external audit, tax, legal, banking, and insurance

relationships.

. Reviewed all customer contracts for revenue recognition issues and

negotiated terms and conditions with clients and legal counsel.

. Prepared management reporting packages for board; member of executive

staff and direct report to CEO.

Visionael Corporation. Palo Alto, CA 1999-2000

Founded in 1997, Visionael, headquartered in Palo Alto is a leading

provider of network management solutions designed for the largest and most

complex corporate, government, and service provider networks. The company

provides the software solutions of choice that enable large enterprises,

outsourcers, and service providers to manage and secure critical network

resources.

Controller

. Supervised and managed all accounting and finance functions.

. Oversaw foreign subsidiary financial functions, review of license

agreements, analysis of transactions for SOP 97 revenue recognition

purposes, license registration approval, cash management, budgeting,

forecasting, commissions, and oversight of all aspects of accounts

receivable.

. Implemented financial close processes that allow for the presentation of

financial statements in SEC and GAAP format. Interacted with all

functional departments and maintained banking and audit relationships.

Metra Biosystems, Mountain View, CA 1996-1999

A public company since 1996, Metra Biosystems was a medical manufacturer of

diagnostic kits and equipment used for the measurement of bone density and

other preventive later stage diseases. The company was acquired in 1999

by Quidel Corporation.

Corporate Controller

. Directed all financial aspects of the company. Responsible for SEC

filings, budgeting, forecasting, financial analysis, treasury, contract

review, and strategic planning.

. Key contributor to the company's S-4 filing (secondary offering).

. Participated in multiple Merger & Acquisition projects including due

diligence review, disclosure preparation, and transaction analysis.

. Implemented expense reduction and cash receipts programs that have

improved operating results 30-50% on an annual basis. Duties have been

performed almost exclusively without an acting CFO in the company.

Accounting Manager

. Managed all aspects of accounting department for international

manufacturer of medical diagnostic products.

. Duties included SEC reporting including MD&A write-up, consolidation of

subsidiaries, financial statement preparation, sales reporting and

analysis, budgeting, and supervision and training of staff.

Crescent Jewelers, Oakland, CA 1991-1995

Crescent Jewelers was founded in 1935. The company is the leading West

Coast Based specialty retailer of fine jewelry, with 123 stores.

Assistant Controller

. Supervised management staff of ten in General Accounting, Internal

Audit, and Inventory Control.

. Responsible for managing month-end close, reconciliation of assets,

daily cash projections, weekly accounts payable review and cash

disbursements.

. Prepared and analyzed financial statements, SG & A expenses, and balance

sheet account analysis.

. Finance Project Leader for JD Edwards system conversion including

developing all general ledger feeds from point-of-sale system. Realized

$100,000 + of cost savings from establishing Internal Audit procedures

and corporate cost reductions.

Internal Auditor

. Conducted financial and operational audits in tri-state region for $100

million retail firm. Primary audit areas included sales, credit,

inventory, payroll and security.

. Assisted in the development of company's audit program.

. Responsible for supervising the physical inventory counts.

Pacific Gas & Electric, Sacramento, CA 1990-1991

Internal Auditing Consultant

. Conducted financial and operational audits of company operations.

Audited areas included accounts payable, payroll, contracts, and

purchase orders. Analyzed information, established conclusions and made

recommendations based on results of audit findings.

Hewlett Packard Company, Palo Alto, CA 1988-1989

Financial Assistant

. Researched and estimated the property tax and insurance liability

charges for budgeting projections. Duties included expense analysis,

audits of payables and purchase orders, and training of staff.

Accounting Support Staff

. Verified and paid vendor billings. Monthly aging and follow-up of

outstanding debit memos and accruals. Prepared adjusting general ledger

entries from payables posted incorrectly.

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