Richard Foster

Corporate Controller/Finance Leader

CORE COMPETENCIES:

Experienced Corporate Controller/Finance Professional with an extensive background working with high growth technology companies.

Proven track record in building organizational capabilities - collaborating cross-functionally to drive results and operational excellence.

PROFESSIONAL EXPERIENCE:

Finance Consultant (May 2018 -Present)

Provide various financial and accounting services as interim Controller for Greater Area Boston companies

Allego, Inc. Needham, MA

A software company focused with an intuitive just-in-time learning platform for global sales organizations.

Corporate Controller (Jan 2018 – April 2018) – Company restructure

Member of the Executive Team reporting directly into the CEO/Co-Founder

Responsible for all aspects of the company’s daily financial operations

Prepared financial packages, Forecast, Budgets and BOD presentation

Oversaw cash, investments, 409A Valuation and asset management

ASC 606 Revenue recognition certified

LP Innovations, Inc. Milford, MA

A loss prevention services organization focusing on audits, data analysis and investigations.

Director of Finance (2016 - 2017) – Company was acquired

Member of Senior Leadership Team reporting directly into the CEO/Founder

Drove LPI’s financial strategy

Managed all aspects of company financials, including daily operations, budget planning and governance, financial audits, cash management, and revenue recognition

Instituted financial controls, processes and policies to scale and address business needs

Maximized return and limit risk on cash by minimizing cash balances and making investments

Present to the Board of Directors on company financials

Managed a staff of two accounting professionals

Treasury Management (Signatory, wires, Investments, etc)

Forerun, Inc. Waltham, MA

A medical device software company that develops clinical solutions for emergency room departments and Urgent Care Centers.

Corporate Controller (2014 - 2016)

Responsible for all corporate accounting operations

Managed Monthly, quarterly, and annual closes

Responsible for revenue and deferred revenue reconciliations

Responsible for corporate financial planning & analysis, budgets, statements

Managed annual corporate audits including sales tax and bank audits

Managed corporate Human Resources functions

Responsible for all corporate tax filings, including 5500 filings

Manage payroll for US operations

Attivio, Inc. Newton, MA

A software company that develops Active Intelligence software, that extracts unstructured and multi-structured data from internal and external sources to provides useful output for ongoing discovery and analysis.

Assistant Controller (2013 – 2014) - Company restructure

Accounting Manager (2011 - 2013)

Responsible for corporate accounting operations globally

Managed monthly, quarterly, and annual closes

Responsible for revenue and deferred revenue reconciliations

Managed global payroll operations for the Americas, APAC and EMEA regions

Managed all annual corporate audits including, sales and use tax audit

Responsible for all annual corporate tax filings including, UK VAT and Form 5500 filings

Managed intercompany transactions, payments, cash management, and eliminations

Instituted continuous improvements of the company’s accounting practices and processes including; implemented a new general ledger system (Netsuite), expense reporting system, (Concur) and sales and use tax portal (Avalara)

Managed three accounting professionals

Neurometrix, Inc. Waltham, MA

Publicly traded technology company that designs, develops, and sells medical devices that aid in the treatment of diseases and injuries relating to peripheral nerves.

Senior Accountant (2007 - 2010)

Key contributor in monthly, quarterly and annual financial close process, assuming many aspects of the Accounting Manager’s responsibilities when that position was eliminated

Responsible for all revenue reconciliation reporting and analysis

Managed sales and use tax reconciliations

Responsible for bank statements, investments interest schedule and deferred revenue

Managed corporate payroll, expense reimbursements and calculation of sales commission payments

Responsible for company monthly accruals, including allocations, vacations, bonus, sales commissions

4 years manufacturing environment experience

Plymouth Rock Assurance Company, Boston MA

A premier insurance provider that manages or writes more than $1 billion in personal and commercial auto and homeowner’s coverage and related services across the Northeast.

Senior Accountant (2006 - 2007)

Prepared monthly reconciliations of account balances for various PRAC divisions

Coordinated and prepared audit request schedules

Prepared monthly premium and loss entries for various PRAC divisions

Key contributor in monthly, quarterly and annual financial closes

Prepared monthly reinsurance journal entries for various PRAC divisions

Participated in projections and annual budget planning process

Camp Dresser McKee (CDM), Cambridge MA

A global consulting, engineering, construction and operations firm with over 100 offices worldwide.

General Ledger Accountant (2005 - 2006)

Performed monthly analyses of the firm’s indirect operating expenses to verify that cost data is properly allocated

Prepared balance sheet analysis to identify cost trends, variances or related topics

Prepared accrual projections to establish expense forecasting

Key contributor in the monthly, quarterly and annual financial close process

Assisted in the development of cost study projections for budgeting purposes

John Hancock Financial Services, Boston MA

A division of Manulife Financial Corporation, the 5th largest life insurer in the world and 2nd largest in NA

Staff Accountant (2001- 2005)

Prepared Financials for 25 of John Hancock’s subsidiaries including; John Hancock Venture Partners, John Hancock Capital Corporation, John Hancock Energy

Responsible for full cycle general ledger from trial balance to financial statement preparation, including month-end, quarter-end, and year-end closings

Reconciled accounts that resulted directly in saving John Hancock $11M in write-offs

Prepared SEC and State Filings, 10k and 10Q

Prepared STAT, GAAP and Canadian GAAP Financials

Participated in the preparation for audits on JH Energy, JH Venture Partners, JH Capital Corp

Ernst & Young, Boston MA

Global firm specializing in provides services in accounting and auditing, tax reporting.

Accountant - Accounts Receivable/Accounts Payable (2000 – 2001)

Responsible for Accounts Payable/Accounts Receivable for various client accounts

Worked closely with partners in tracking hours billed to actual work performed by associates, discounts given and payments made

EDUCATION & OTHER:

Lasell College, Newton, MA

Masters, Business Administration Graduated with honors/ 4.0 GPA

University of Southern Maine - Portland, ME

BS Business Administration / Minor in Finance

Embry-Riddle Aeronautical University- Daytona Beach, FL

BS, Aeronautical Science

COMPUTER/SOFTWARE SKILLS

Netsuite Great Plains Quickbooks Concur - Expense Reporting Systems Avalara - Sales Tax Software ADP Salesforce FRx Software - Financial Reporting & Analysis Software Oracle (E-Business, discoverer, ADI) Bill.com Expensify

MILITARY SERVICE

United States Marine Corps (1988-1992)

Corporal/Squad Leader - Commendation for outstanding service in Operation Desert Storm

Operation Desert Shield, Desert Storm, Scout/ Sniper Team

Squad Leader of a 12-man unit for Desert Storm/ Liaison to Platoon Commander

Email: ac70dy@r.postjobfree.com

Mobile: 508-***-****

https://www.linkedin.com/in/richard-foster-mba-75938914/

Cash Flow Management

Financial Audits & Compliance

Financial Planning & Analysis

GAPP

Global Accounting

Revenue Management

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