Human Resources Information Technology

Steve Jones

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

Address: ** ******* ******

City: San Francisco

State: CA

Zip: 94109

Country: USA

Phone: 415-***-****

Skill Level: Senior

Salary Range: $175,000

Willing to Relocate

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

CHIEF FINANCIAL OFFICER

CFO with 18 years experience building consumer product, wholesale & distribution, financial and technology organizations into thriving businesses. Proven corporate strategist and successful company-turnaround leader with a track record of devising plans that result in significant financial transformation. Global financial and operational perspective derived from exposure to diverse business operations in Asia. Proficient in growing profitable organizations organically or by acquisition.

Core Competencies:

* Strategic Planning & Analysis

* Budgeting & Forecasting

* Debt & Equity Financing

* Mergers & Acquisitions

* Accounting & Financial Operations

* International Financial Operations

* GAAP and SEC Reporting

* U.S. & International Tax Planning

* Business Expansion

* Start-Up Financing

* Crisis Management

* Turnaround Situations

Summary of Achievements:

* Identified under-served markets & developed profitable business strategies for five companies.

* Managed two start-ups and three turnaround situations with limited financial resources.

* Devised financial plans used to raise nearly $57 million for two start-up companies.

* Guided five companies through an initial public offering (IPO) raising over $90 million.

* Directed the sale of three companies realizing shareholder value in excess of $400 million.

PROFESSIONAL EXPERIENCE

Portfolio Productions Inc. dba Sitcom, Oakland, CA Jan. 2010 - May 2012

[Privately held furniture wholesale & distributor with annual revenues of $38.5 million. Sold in May 2012]

Chief Financial Officer directing all the day-to-day financial and international operational activities of the company, including strategic planning, accounting & finance, tax planning, information technology and administration. Recruited to create an international corporate structure to mitigate the risk associated with operations located in China, Vietnam, Indonesia, India and Malaysia and to reduce the tax exposure on a global basis. Selected Achievements:

Implemented a new inventory planning system that reduced inventory by 30% by optimizing minimum stocking levels.

Reviewed the furniture product line and eliminated three underperforming categories, reducing the number of SKUs from 350 to 225 and the inventory carrying cost by $2.5MM.

Discontinued the unprofitable accessory division resulting in annual saving of $1.5MM.

STRATEGYLINK, San Francisco, CA Jan. 2009 - Dec. 2010

[My consulting practice that devises strategic, financial and operational plans for small & medium-size enterprises.]

Managing Director and Independent Consultant devising customized financial and strategic operating plans for various small and medium size enterprises. Selected Engagements:

Consumer Product Manufacturer: Developed a marketing and cash flow plan to prevent the company from filing bankruptcy.

Fortune 500 Clothing Retailer: Re-structured the foreign exchange & currency hedging reporting function to support the manufacturing operations in Asia and Europe.

Specialty Glove Manufacturer: Transitioned marketing and sales from an in-house sales force to outsourced sales representatives increasing the market penetration from 13 to 32 states without adding additional cost.

NEW RESOURCE BANK, San Francisco, CA Sep. 2005 - Dec 2008

[Publicly traded start-up bank with annual revenues of $9.2 million targeting environmentally responsible businesses.]

Chief Financial Officer managing the finance & accounting, administration, human resources, information technology and compliance functions. Recruited to develop the strategic business plan and build the company`s initial operating structure. Controlled an annual operating budget of $16.8 million. Served as the primary finance liaison to the Audit Committee, the Investment Committee, & external auditors. Provided leadership to a team of 10. Selected Achievements:

Managed the operating plan leading the company to surpass its first year growth plan by 200% and achieve its Three-Year Business plan in two years.

Administered the company`s successful Initial Public Offering (IPO) of common stock raising $24.8 million and subsequent secondary offering of $13.9 million.

Designed and implemented the operating policies and procedures company-wide, selected key mission-critical vendors, and oversaw the construction of the office facility.

THE PRIVATE BANK OF THE PENINSULA, Palo Alto, CA Apr. 2003 - Feb. 2005

[Publicly traded start-up bank with annual revenues of $3.4 million that catered to local individuals & businesses.]

Chief Financial Officer directing all aspects of strategic planning, finance & accounting, operations, human resources, information technology, risk management, and SEC regulatory reporting & compliance. Tasked with building the initial financial and operating infrastructure. Controlled an annual operating budget of $3.1 million. Served as the primary liaison to the Audit Committee, the Investment Committee and the external auditors. Provided leadership to a team of five. Selected Achievements:

Developed the financial plan raising $18.3 million in the Initial Public Offering (IPO).

Directed the plan that surpassed budgeted net income by $300,000 in the first full year of operations by containing operating expenses and tightly controlling vendor costs.

BANK OF CANTON OF CALIFORNIA, San Francisco, CA Jan. 2002 - Apr. 2003

[Privately held bank with annual revenues of $75.6 million catering to the Chinese-American community. Sold in 2002.]

Chief Financial Officer and Controller charged with re-organizing the finance & accounting, operations, administration, information technology, and international operations functions. Recruited to position the company for a strategic sale within two years. Controlled an annual operating budget of $22.1 million. Served as a member of the executive committee. Operated as the primary liaison to the Audit Committee, the Investment Committee and the external auditors. Managed a team of 10. Selected Achievements:

Maintained the 2002 company earnings at $12.5MM (equal to 2001 earnings) during the -Dot-com Bubble- by re-balancing the bond portfolio and containing operating costs.

Restructured the finance group to provide timely and useful financial reports that resulted in reducing the month-end closing cycle from 14 days to 5 days.

ELDORADO BANK, Laguna Hills, CA Jun. 2000 - Jul. 2001

[Publicly traded bank with annual revenues of $112.3 million catering to small/ medium-size businesses. Sold in 2001.]

Vice President of Finance reporting to the Chief Financial Officer with responsibility for strategic planning, financial planning & analysis, mergers & acquisitions, and special projects. Administered an operating budget of $49.1 million. Selected Achievements:

Developed the financial plan that led a turnaround from a loss of $3.4 million to a profit of $8.8 million in one year by focusing growth in niche markets such as construction lending.

Assisted in the shutdown of the residential mortgage & commercial leasing lines of business and the disposition of their assets without negatively impacting earnings.

STAJON NETWORK EQUIPMENT, Dublin, OH

Mar. 1999 - May 2000

[Privately held telecommunications manufacturer of DSL equipment with revenues of $20 million. Sold in 2000.]

Chief Operating Officer and Chief Financial Officer managing the day-to-day operational and financial activities. Led the company in a turnaround effort that took it from near bankruptcy to profitability. Controlled an annual operating budget of $6.3 million. Selected Achievements:

Transitioned the company from a closely held business to a merger and acquisition candidate. Sold the company after 15 months for $9MM, or 9x trailing 12-month earnings.

Implemented a new inventory system that reduced inventory by 60% while improving fill rates by 35% and reducing operational lead times by one-third.

Developed logistics partnerships with the top-five customers that reduced total freight costs to those customers by 50% or $250,000 annualized savings.

PREVIOUS POSITIONS:

Investment Banker, KEEFE, BRUYETTE & WOODS, INC

Jan. 1998 - Mar. 1999

Controller, Software Development Group, BANC ONE

Aug. 1993 - Sep. 1997

Staff Consultant, ANDERSEN CONSULTING Nov. 1991 - Jul. 1993

EDUCATION

MBA, Finance, Accounting & Statistics

University of Cincinnati, 1991 BA, History & Political Science

Vanderbilt University, 1989

Contact this candidate