Financial Accounting

Dorothy Sillano, MBA, CPA, CGMA

754-***-**** **************@*****.***

Chief Financial OFFICER SENIOR Financial Executive

Publicly TRADED PRIVATELY HELD NOT-For-Profit Organizations

Accomplished, results driven senior financial leader with more than 20 years of progressive experience driving results in diverse and complex business models, including multi-site operations and multiple business entities. Persuasive communicator, able to build consensus across lines of business as well as cross-functionally and among staff to support strategic directives.

AREAS OF EXPERTISE

Consolidated Financial Accounting & SEC Reporting

Mergers, Acquisitions & Divestitures

Debt Financing, Structuring & Compliance

Budgeting, Forecasting & Analysis

Internal Controls & SOX 404 Compliance

Strategic Managerial Finance

Redesign Business Systems & Processes

Financial & Operational Efficiencies

Board Relations, Communications & Presentations

Team Building & Staff Mentoring/Training

.

Professional Experience

PATRIOT NATIONAL, INC. 2015 TO 2017

A $250 million, publicly traded (NYSE: PN), National provider of technology and outsourcing solutions to the Insurance Industry.

Assistant Vice President of Finance

Direct all areas of SEC Reporting and Financial Disclosure, Internal Audit, Sarbanes Oxley compliance and Internal Control Over Financial Reporting, Financial Planning and Analysis, and Budgeting.

Achieved explosive growth:

Executed and implemented 18 acquisitions

Doubled revenue from $117 million in 2014 to $233 million in 2016

Created effective internal controls over financial reporting:

Drove the Sarbanes-Oxley compliance effort

Established an outsourced Internal Audit relationship with Protiviti Inc.

Implemented a SOX-compliant internal control environment and internal audit structure

Instituted an internal audit plan with Audit Committee approvals

Spearheaded implementation of ASC 606 Revenue Recognition utilizing internal and external resources

Lead team of 6 CPA’s including training, methodology and contract review

Created Best Practices by research on industry peers

Teamed with Divisional leadership to role out consistency to comply with standards

Managed external resources for timely delivery

Financial reporting-

Consolidated financial statements

Completed variance analysis

SEC reporting ( including but not limited to 10-K, 10-Q)

Established the internal and external financial reporting and financial planning:

Directly responsible for all aspects of Annual and Quarterly SEC filings

Created the internal monthly and quarterly financial reporting structure and budget comparisons following an ERP implementation

Maintained compliance with all lender requirements and covenan

DOROTHY SILLANO, CPA 2013 to 2015

Consulting for various private companies in the roles of

Chief Financial Officer and Chief Operating Officer

Industries included manufacturing, retail and wholesale distribution, software development, recruiting, and software development. Worked with senior management teams strategizing and implementing change process, increased productivity, system migration and implementation and sale of one of the firms.

DREAMS, INC. (DBA FANATICS, INC.) Plantation, FL 2005 to 2013

A $160 million, publicly traded (NYSE Amex: DRJ), technology-driven, multi-channel retailer focused on the licensed sports products industry, acquired for $183 million in June of 2012 by Fanatics, Inc., a leading online sports retailer.

Chief Financial Officer & Vice President, 2007 – 2013

Controller, 2005 – 2007

Recruited initially to resolve significant challenges within the finance organization, while scrutinizing procedures and compliances to be instrumental in the company’s turnaround and survival. Part of senior management team when company grew from an unprofitable $32 million/100 employee business in 2005 to a vibrant and profitable $180 million/500+ employees business in 2012. Transformed the financial operations, identifying challenges and implementing strategic initiatives. Entrusted with all internal and external financial management, including cash management, M&A/ divestitures, acquisition of debt, bank compliance, SEC reporting, internal controls and audit. Implemented SOX compliance and maintained accounting for equity transactions, i.e., a reverse stock split, stock options, and exercises. Coordinated with Board of Directors in relationship to the company’s eight legal business entities, including company owned/franchise retail stores, manufacturing and wholesale operations, and e-commerce businesses. Manages a team of 28 FTE with a Controller and 10 temporary staff, external auditors and banking relationships, securing bank loans and lines of credit.

Ensures accurate distribution of royalties for high end sports memorabilia and revenue sharing for e-commerce business that has grown from one website to 77 syndicated partnerships.

Analyzed, compiled, consolidated and managed the business to the corporate-wide budget.

SEC reporting to include 10-K, 10-Q etc.

Continually assessed internal controls to ensure regulatory compliance for this multi-dimensional company with entities defined as a corporation, limited liability, and partnership, along with sales and use taxes for multi-states.

Launched a corporate credit card program that deferred cash outlay, lowered expenses, improved expense tracking, and generated cash rebate.

Streamlined financial software systems, implementing Optrak, Budget Maestro, and FAS; migrating the in-store stand alone POS to the integrated RMS; and upgrading Microsoft’s Dynamic SL (ERP with GL, inventory, AP, AR and sales modules, integrating third party feeds for manufacturing, payroll and fixed assets).

Saved $150K+ in merchant processing by identifying a more efficient process to reduce the cost per transaction and change improved flow of funds by one day.

Managed all process relating to five distribution centers (Ft. Lauderdale, Chicago, Las Vegas) with +/- 400,000 sq. ft.

Educated and trained division presidents on proper procedures in creating and submitting budgets for consolidation and trained and coached junior staff by teaching an “Accounting 101” class to enhance knowledge base.

Conducted the company’s annual SFAS 142 Goodwill Impairment Testing to meet financial reporting requirements.

Turned around financial operations:

Implemented all financial processes and procedures, overcoming a 5 page Proposed Adjusted Journal Entries report inherited upon joining the organization in 2005 to receiving zero proposed adjustments the next year. Achieved Unqualified Audit Opinion that year and thereafter.

Cultivated relationship with new banking lender, establishing the treasury management and accounting for new loan, during a challenging time when the company initiated a Rights Offering.

Reassessed financial operations late 2008 and took proactive measures to maintain the cash reserve when the company received “Going Concern” opinion from the auditors. Renegotiate with outside vendors and worked with clients and customers. Accounted for employee pay reductions, workforce reductions, and offered salary deferred programs.

CITY COLLEGE, INC. Ft. Lauderdale, FL 2004 to 2005

A not-for-profit private college currently operating five campuses in Florida.

Interim Chief Financial Officer

Led all accounting and finance functions for the college, including management reporting, financial statement processing, and banking negotiations. Worked closely with auditors for year-end financial reporting and financial aid audits. Ensured all schools were compliant with Department of Education financial ratios.

Acquired a tax free municipal bond in excess of $12 million for the purchase of a commercial building for the school’s new campus. Obtained the bond backed by a letter of credit from a major banking institution.

Priced and negotiated all insurance contracts and assisted with the design and implementation of a new 401K program.

OCWEN FINANCIAL CORPORATION West Palm Beach, FL 2004 to 2005

A provider of residential and commercial mortgage loan servicing, special servicing and asset management services.

Sarbanes-Oxley Consultant

Selected to advise this client of MSI Consulting on upgrading and conforming business processes for the newly released Sarbanes-Oxley Act. Collaborated with Big 4 auditor (PWC) to ensure adequate compliance with Section 404.

Strengthened internal controls through extensive training and educating of employees on the Sarbanes-Oxley Act. Led internal testing of procedures making revisions as necessary. Partnered with management in writing processes and creating workflow charts as a standard of practice.

Contributed to the first successful Sarbanes-Oxley compliance audit. Analyzed process workflow documentation and tested data provided by division executives, identifying 110 critical business process cycles among the approximate 300 reviewed.

HILLEL COMMUNITY DAY SCHOOL Aventura, FL 2003 to 2004

A privately held, not-for-profit Jewish, co-ed pre-K to grade 12 school with enrollment of nearly 1,200 students.

Chief Financial Officer

Directed all accounting aspects of this entity, including overall budget, departmental budgeting and training, variance analysis and reporting. Managed cash management, forecasting, investing, lease, and loan inception to enhance cash flow opportunity. Interfaced with 35 members of the BOD.

NORTH BROWARD PREPARATORY SCHOOL Coconut Creek, FL

Independent college preparatory school for students from PreK3 to grade 12.

Contoller

FIRST AMERICAN ACCEPTANCE COMPANY, LLC Boca Raton, FL

A sub-prime automobile finance company.

Controller

CHASE PERSONAL FINANCIAL SERVICES Boca Raton, FL

A division of publicly traded Chase Manhattan Bank, providing upscale mortgage products.

Vice President, Accounting

Education & Licenses

MASTER OF BUSINESS ADMINISTRATION Concentration: Accounting

Keller Graduate School at DeVry University, Miramar, FL

BACHELOR OF BUSINESS ADMINISTRATION Major: Accounting

Florida Atlantic University, Boca Raton, FL

LICENSES

Certified Public Accountant (CPA)

Chartered Global Management Accountant (CGMA)

Member of the AICPA and FICPA

2017 Top Ten Woman of the Year - American Business Women’s Association

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