CPA, MBA, Financial Professional

Matthew Ketsdever, CPA, MBA

Capistrano Beach, CA

**********@*****.*** 760-***-****

Summary

Experience

FINANCIAL CONTRACTOR/CONSULTANT April

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

Beacon Resources, LLC

Acting Controller (Pasternack Enterprises, Inc./Infinite RF Holdings, Inc.)

• Aided in transition of Controller role

• Reviewed and corrected significant accounting transactions and documented for audit

• Guided Microsoft Navision™ implementation/upgrade

• Recommended and implemented changes in staffing, monthly closing procedures, intercompany transaction

accounting, consolidations, and financial reporting

DISPLAY WORKS, LLC., Irvine, CA June 2012 to February 2014

$50M manufacturer of custom trade show exhibits

Vice President, Finance / Chief Financial Officer

• Led austerity efforts in turn-around situation including reducing overall staffing by 20%

• Implemented new financial reporting, analysis and budgeting system (Adaptive Planning)

• Renegotiated short-term financing with asset-based lender after covenant default with prior bank

• Revised job order costing and inventory recognition methodologies

• Conceived and implemented standardized forms and reporting through company intranet

• Updated IT infrastructure and data systems at reduced monthly cost

• Discovered significant prior period adjustment to financial statements; analyzed, documented, communicated

and managed issues with auditors and outside financial statement users; improved transparency and credibility

with Board of Directors and lenders

• Seven direct reports with small subordinate staff in Irvine

MUNCHKIN, INC., Los Angeles, CA April 2010 to April 2011

$200M consumer products company (infant & toddler market)

Vice President, Finance / Chief Financial Officer

• Responsible for all finance and information technology functions worldwide

• Led divestiture of unprofitable pet division; business unit sold January 2011

• Renegotiated bank lending relationship; reduced interest rate by 200 basis points and removed covenants

• Implemented best practices in analysis, reporting, and documentation standards

• Developed and documented internal controls processes leading to SOX compliance by 2012

• Introduced and implemented Blackline account reconciliation system and processes

• Three direct reports with overall staff of twelve in Los Angeles and Britain

SAFARILAND, LLC, Ontario, CA March 2008 to September 2009

(FORMERLY BAE SYSTEMS, INC. PRODUCT GROUP)

$450M law enforcement equipment manufacturer

Matthew Ketsdever

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Vice President, Finance / Chief Financial Officer

• Reorganized finance functions into a single shared services unit saving over $1M annually

• Reorganized corporate legal entity and operating structure, eliminating several dozen legal entities

• Implemented best practices in analysis, reporting, and documentation standards

• Reformed standard costing approaches and methodologies

• Prepared and presented annual and quarterly plans and operating updates

• Planned and coordinated potential entity spin-off

• Led efforts to reduce costs including closure of three significant plants in the U.S. and two in Britain.

• Led ERP system rationalization and redeployment initiative (Visual Manufacturing)

• Supervised six directors with subordinate staff of over 60 financial and IT professionals in multiple U.S. and

international locations

GATEWAY INC, Irvine, CA (NYSE: GTW) April 2005 to January 2008

$4B computer manufacturer and distributor

Senior Director, Accounting and Financial Reporting

• Directed all SEC reporting (10-K, 10-Q, etc.)

• Resolved audit and SEC impasses involving several issues existing prior to arrival at Gateway

• Directed all tax activities (U.S. and international income taxes, sales & use, and value added taxes) including

compliance, planning and provision calculations.

• Directed financial reporting and financial operational activities at all international subsidiaries

• Directed Sarbanes-Oxley 404 compliance and documentation processes including drafting of all worldwide

financial policies

• Research and write up of accounting position papers documenting application of generally accepted accounting

principles and implementation of new or recent pronouncements, such as FAS123R.

• Directed all import/export customs compliance processes

• Liquidated over ten international and domestic legal entities and restructured an additional 45 legal entities

• Implemented closing process metrics and tracking resulting in 40% decrease in closing time

• Implemented online account reconciliation system reducing audit fees and staff preparation time

• Six direct report managers with subordinate staff of over 30 financial and tax accountants, customs specialists,

and contractors in multiple U.S. and international offices

THERMO FISHER SCIENTIFIC Carlsbad, CA August 2001 to April 2005

(FORMERLY LIFE TECHNOLOGIES OR INVITROGEN)

$3.5B multinational, multi-plant manufacturer of biotech research tools and reagents

Corporate Controller

• Responsible for general accounting, cost accounting, shared services (receivables, credit & collections, payables,

payroll), foreign exchange and investment accounting and process improvement/projects

• Managed a team of six financial managers and staff of over 50 professionals and clerks in multiple U.S. and

foreign offices (Canada, Brazil, Argentina)

• Led purchase accounting and financial integration of eleven acquisitions in two years

• Led compliance and documentation team for Sarbanes-Oxley 302 & 404 requirements

• Transitioned corporate accounting function from Rockville, MD to Carlsbad, CA

• Initiated and led closing process improvement movement – reduced closing time from six days to two

• Implemented process metrics for accounting functions

• Converted manual employee expense report process to paperless web-based system

• Led payroll outsourcing and document imaging projects reducing staff and costs

CANON USA, INC., Costa Mesa, CA March 1994 to August 2001

CANON COMPUTER SYSTEMS, INC.

$1.2B high tech manufacturer and distributor of computers, printers and peripheral products

Matthew Ketsdever

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Director, Finance and Accounting

• Managed two senior finance managers, two managers and staff of 20

• Reengineered order processing and receivables functions into a single customer point-of-contact group

(Customer Service) improving customer satisfaction and reducing headcount by 10%

• Reduced finance staffing by 20% while maintaining volume and quality

• Improved staff capabilities and workload capacity through training and project challenges

• Designed and implemented sophisticated market development funds tracking and dispersal system

• Redeployed $10M of under-utilized MDF program dollars into more effective sales and marketing programs

• Implemented web-based employee expense reimbursement system. Annual savings exceeded $200k with high

employee satisfaction

• Implemented document imaging system tied to Accounts Payable application – eliminated paper files and lost

documents. Annual savings exceeded $100K

• Reduced inventory from 180 days to 45 days by focusing on improved purchasing communication and

coordination

• Reduced inventory value erosion (revaluation variance) by rolling standard costs in accordance with intra-period

product life cycle and natural product stocking levels

• Led functional team in the selection and implementation of PeopleSoft Financials applications

BROMAR INC., Newport Beach, CA March 1989 to October 1993

$50M multi-division food broker (grocery manufacturer’s representative)

Corporate Controller

• Improved A/R collections 20% by reengineering billing process and modifying incentive structures

• Implemented new financial system (Collier-Jackson)

• Led financial integration teams on three acquisitions

• Managed accounting staff of 30 including 2 managers and 6 professionals in 14 offices

KPMG PEAT MARWICK, Orange County Office, Irvine, CA February 1985 to March 1989

Big 4 Public Accounting firm

Supervising Senior Auditor

• Responsible for planning, supervision and successful execution of multiple, overlapping audit engagements

• Developed and led government auditing training seminar

• Participated in firm-wide PC technology steering committee

Certifications and Skills

Certified Public Accountant, State of California (inactive)

Technically proficient with a variety of applications and software tools including:

• Major systems (ERP) : Microsoft Navision, PeopleSoft, Oracle R12, JD Edwards, Visual Manufacturing

• Analytical & Reporting: Adaptive Planning, Hyperion Essbase, Crystal Reports, Cognos Powerplay

• Other systems: Concur Expenses, Blackline Reconciliations

• Microsoft Office applications including Access, Excel, PowerPoint, and Word

Education

UNIVERSITY OF CALIFORNIA, Irvine, CA

Master of Business Administration, 1998

CALIFORNIA STATE UNIVERSITY,

Fullerton, CA

Bachelor of Arts, Finance & Accounting, 1982

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