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All Areas of Senior CFO Experience

Location:
Knoxville, TN
Salary:
200,000
Posted:
September 20, 2018

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Resume:

JACE H. SIMMONS, CPA

**** ****** **** ****

Knoxville, TN 37922

Home Phone 865-***-**** Email: ac639a@r.postjobfree.com Cell Phone 954-***-****

SUMMARY

Highly effective financial executive with successful track record for providing top management with operating decisions, exceeding goals, and controlling budgets of up to $240M. Proven expertise in Going Public, Capital Raising, Mergers and Acquisitions. Career encompasses administrative management. Extensive experience in both growth and scale-back cycles. Consistently selected for critical start-up ventures and divestitures of business assets. CPA.

Going Public, Road Shows Capital Raising Strategic Forecasting

Mergers and Acquisitions Financial Planning/Analysis Cost Controls/Reductions Technology Management Revenue Enhancement Profit Planning, Budget Accountability SEC Compliance/SOX Auditing/Big Six Firm Incentive Compensation Expertise

PROFESSIONAL EXPERIENCE

STOCKET, INC. Boynton Beach, FL April 2017 – Present

CEO

(Start up Technology Mobil App Company combining mobile gaming with E commerce)

Direct all departments of Company including app development, finance and marketing. Primary objective is to bring app to market within 12 months and develop an exit strategy for investor/owners within 24 months. Over $16 million raised to date for development phase. Receiving commitments for $20 million for upcoming marketing phase.

CFO Consulting Services - Nationwide January 2016 – March 2017

Clients include publicly traded trucking company and publicly traded international entertainment company to perform various CFO duties including audits, directing accounting staff, meeting with investors for debt and equity financing, mergers/acquisitions and setting up overall management structure and flow of information.

MEDYTOX SOLUTIONS, INC. West Palm Beach, FL March 2012 – December 2015

CFO

(Start up Laboratory Testing and Technology Services Public Company exceeding $75 million in revenues and $15 million in profits during third year of operations)

Direct all financial and accounting functions including SEC/SOX reporting of 10Ks, 10Qs, audits and 8Ks.

-Closed $21 million asset based lines of credit.

- Secured $7.0 million in medical equipment financing

- Achieved outstanding profits through expense management and managed billings.

- Closed 5 new Lab acquisitions and 2 Technology Company acquisitions.

Closed over $30 million in Convertible Debentures

Helped Structure Reverse Merger with NASDAQ Cancer/DNA Services Company

RENAISSANCEPG, Knoxville June, 2007– December 2011

CFO/Director of Finance

($300 million early stage Multi-Family Housing real estate developer/property manager)

Direct all financial and accounting aspects of this rapidly growing company with 7 properties in 3 states. Directly interface with Owners/Investors.

-Successfully renegotiated or re-structured and extended 6 commercial loans totaling $200 million

- Successfully closed three rounds of private equity financing totaling $25 million

-Closed and financed $47 million acquisition of upscale community

-Directed successful Freddie Mac $90 million underwriting for 3 communities

-Established construction Line of Credit with Regional Bank

HOUSING TRUST GROUP, Miami June, 2005 – June 2007

Chief Financial Officer

($400 million multi-unit real estate developer and property manager in Florida and Tennessee)

Responsible for all accounting, finance, cash flows, forecasting and partner distributions for this rapid growth company with 25 projects. Developed banking relationships, company financial policies, and, to date, have achieved record profit goals.

-Directed all financial aspects of three large land acquisitions and two final endorsements exceeding $15 million each.

-Helped negotiate and oversaw the closings of three construction loans exceeding $40 million each.

-Set up lines of credit of $3 million for initial land deposits and soft costs.

-Hired and developed superior accounting team to handle all functions including annual financial audits of 12 properties and the filing of over 100 tax returns.

-Set up multi-year proformas and detailed annual budgets for multiple projects.

-Developed sophisticated daily cash flow tracking system and coordinate weekly meetings with partners to review it.

GOLDMAN PROPERTIES, New York City, Philadelphia and Miami July, 2004 – June, 2005

CFO, Director of Finance and Administration

($200 million upscale real estate developer, hotel owner and property manager)

Ground level CFO responsible for creating first comprehensive annual budget, 5-year strategic plan and setting up consolidating monthly reporting system.

-Hired, trained and directed local controllers and accounting staff in three locations.

-Set up and conducted monthly finance meetings with senior management analyzing all variances to budget and collections for each of company’s 50+ properties.

-Directed and enhanced company’s billing and collection procedures for all tenants.

-Planned all financial aspects and helped negotiate with banks and contractors for company’s multi-million dollar development projects.

-Provided periodic financial reports to company’s banks, partners and board of advisors.

-Revamped company’s standard tenant lease to provide faster pass through billings and stronger language in general.

PAVING STONE CORPORATION, Pompano Beach, FL June, 2000 – July, 2004

Executive Vice President, Chief Financial Officer, Director

(America’s largest national concrete paver installation company with sales of $34 million.) First financial member of senior management team; charged with raising capital and setting up in-house accounting department/controls to help company grow across nation.

- Took company public (“PVNG”- OTCBB) through a reverse merger.

- Raised $3 million during the most difficult capital raising period in the last 30 years.

-Negotiated $15 million equity line of credit.

-Established first 5-year business plan and integrated MAS 200 accounting system for 20 branch offices across nation.

-Set up company’s first in house accounting department with a hands on approach, that eventually produced SEC caliber reporting and cleared 4 annual audits.

-Cut over $2 million in costs and helped secure account with national retailer’s “at home services” division.

-Directed annual audits, 10K and 10Q filings and all other SEC requirements

-Implemented strong investor relations program.

AMERICA’S SENIOR FINANCIAL SERVICES, Miami Lakes, FL April – May, 2000

Contract CFO Consultant - 2 Month Contract

Directed annual audit, 10K and 10Q filings for this publicly traded mortgage company. Implemented cost controls with annual reductions of over $1 million

COLDWELL BANKER, South Florida, New England and Northeast Sector 1983 – March, 2000

(World’s largest franchisee of Real Estate Brands with $2.7B in annual revenue and 38,000 associates and employees. Affiliated with Cendant Mortgage and numerous regional title companies)

Vice President, Chief Financial Officer and Director of Administration 1991 - 2000

Directed daily activities of over 20 professionals engaged in accounting, relocation, technology, licensing, human resources and facilities throughout South Florida. Member of Senior Management team charged with achieving growth and profit objectives and provide outstanding support service to Field Sales Team.

Instrumental in turning around troubled operation. Increased revenues from $35M to $100M and grew profitability from $1M to $10M. Success attained through multiple acquisitions, synergistic cost reductions, revenue enhancements, improved support functions and communications and the successful conversion to a business mentality.

In conjunction with President, completed over 18 acquisitions including Gimelstob, which almost doubled revenue, and was one of the parent company’s largest ever acquisitions.

Provided full automation of 40 branch offices, outdistancing all competitors.

Implemented corporations venture into supplemental fees creating $1.8M in profit.

Directed all financial aspects of property management division, covering 4000 managed properties. Set up Promass software at corporate offices and integrated Skyline software from certain acquired subsidiaries

Vice President/Chief Financial Officer, New England 198*-****-**** - 1991

Selected to perform critical divestiture for corporation during major recession in northeastern region of the country. Successfully converted over 50 company branch offices into independent franchises resulting in major profit increases.

Vice President/Chief Financial Officer, Northeast Region 1984-1989

Promoted into position to create corporate presence in Region. Selected and hired staff and created dynamic team.

Grew region from start-up to over 300 offices in eight states with revenues of $250M through selection and integration of multiple acquisitions and numerous start-up offices.

Created and directed all support functions including accounting, human resources and facilities. Achieved national prototype status.

Negotiated numerous facility leases resulting in large cost savings.

Implemented and directed national computer system serving as corporate model.

Pioneered twelve-month forecasting and profit planning system currently used throughout the company.

Restructured area into more efficient and autonomous regions and reduced annual costs by $15M during recession.

National Controller, Sears Financial Network, Houston, TX 1983-1984

Participated in management decisions developing standard operating philosophies and policies.

Successfully created and managed the accounting, financial reporting and production monitoring procedures used in over 250 Sears Financial Network offices nationwide.

ARTHUR ANDERSEN & COMPANY, Houston, TX. 1978 – 1983

Experienced Audit Senior

Developed expertise in planning, organizing and supervising as well as accounting and audit technical skills. Scope of industry experience included Manufacturing, Real Estate and Hospitality (Hotels) with heavy SEC exposure.

Commended for outstanding field training and development of audit staff.

Recognized for superior knowledge of Inventory Accounting and Financial Reporting/Disclosures.

Consistently met or came in under budget on audit engagements through the successful utilization of management and technical skills.

EDUCATION/PROFESSIONAL ENHANCEMENTS

BBA Accounting, University of Texas, Austin, TX

Certified Public Accountant

Licensed Real Estate Broker

Member, AICPA

Proficient in Excel, Windows, Lotus, PowerPoint



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