HARDY PARUNGAO

MBA

West Hills, CA ***** ● 818-***-****

acsmir@r.postjobfree.com

COMPETENCIES (functions common to most positions held)

Executive & Strategic Finance

Accounting & Financial Reporting (GAAP/SEC)

Global Finance & International Operations

Financial Planning & Analysis

Operations Management / Costing-Pricing

Treasury, Banking & Cash Management

Mergers & Acquisitions / Integration

Process Re-engineering & Technology

Systems, Governance, Audit and Control

Taxation & Tax Planning

WORK EXPERIENCE

Chief Financial Officer Infrascale, Inc., El Segundo CA

Operation, HR and Administration 2011 – 11/2015 (Technology/SaaS)

INFRASCALE is a global cloud software company (SaaS / HaaS) with a broad suite of secure cloud applications. Infrascale’s technology platform spans dozens of discreet technology components weaving together PC, mobile, and server client applications to 11 data centers, across five continents around the globe. The company powers over 1,000 independent cloud brands, and protects billions of objects on millions of PCs, servers, tablets, and mobile devices. Infrascale is now breaking through its startup phase and is rapidly emerging as a meaningful and progressive platform player in the cloud backup and file sharing space with tremendous growth underway.

Executive and strategic management of all aspects of business operations and finance. Key officer in the Executive Committee.

Strategic business and financial planning functions including business modeling, establishing operating budget approval and accountability; forecast updates and rolling estimates.

Weekly revenue accounting and reporting including formulation of revenue generating programs.

Establishing appropriate metrics, KPIs for all aspects of operations, flash and management/BOD reports.

U.S. GAAP and management of financial audit. Financial statements preparation and consolidation, footnotes, software capitalization and GAAP revenue recognition methodologies.

Business process re-engineering, operations and systems integration, outsourcing, and cost reduction initiatives.

eCommerce / Web sales accounting, billing, collection and management (payment gateways/ merchants/ processors) MRR - monthly recurring revenues, Subscriptions accounting and management. SaaS model.

Formalizing / establishing Finance, Credit, Procurement, Human Resources and Administration functions, internal control, policies and procedures through process improvement and re-organization consistent with the objective of making the functions and operations world-class.

Sales & marketing support, commission models, advertising & placements, marketing research, product pricing and standard costing, capacity planning and inventory management.

Banking and cash / treasury management including securing additional credit lines for capital and operating leases and refinancing of existing debts. Debt covenant management and capital raise activities & investor relations.

Formalizing due diligence and business modeling exercises for potential merger & acquisition activities; transition and integration processes (Finance, Corporate, Procurement, HR & Payroll, Taxation, Administration).

Management of multiple sites and overseas locations - finance, operations, human resources, procurement, customer support and office administration in Los Angeles, Sydney/Melbourne/Noosa, Kiev and Chennai, UK, EMEA sales operations.

Corporate maintenance, corporate policies, risk management and new business formation and organization.

Recruitment, employee retention and appraisals and employee compensation and benefits program.

Operational management of multi-location, multi-entities and divisions.

Completed several rounds of capital raise, long-term debt financing and capital leases.

Completed 2 acquisitions.

Hardy Parungao, MBA page 2

Senior Vice President Bank of America / Countrywide

Controllership and Financial Planning & Analysis 2005 - 2010 (Technology / FinServ)

Head of finance department for Application Technology ($600M annual budget) & Servicing ($18B annual revenues; $1B costs)

Saved overhead cost and headcount by volunteering for both FP&A and controllership leadership roles

Reorganized finance department by proper assignment & training of staff/talents and redefinition of roles for a more effective and efficient organization; participated in the enterprise systems conversion to PeopleSoft.

Centralized, standardized & improved month-end close, reporting, financial analysis and budgeting processes resulting in more accurate and timely delivery of results and forecasts

Created useful flash reports, dashboards, analyses and recommendations for senior executives, business partners and department heads

Developed proper basis for product costing and cost allocations for more effective pricing and profitability analyses, KPIs, metrics; managed and used large multi-dimensional databases (OLAP, Hyperion, Essbase)

Formulated, developed and maintained billing rates for a variety of professional and service rates

Re-engineered application software development monitoring, capitalization, amortization and allocation

Formulated and monitored expense management initiatives delivering 15% cost savings

Led comprehensive, sophisticated and methodical M&A transition and integration process (with B of A)

Assisted as one of team leaders in development of policy portal, reporting governance & SOX compliance

Received numerous awards for: “Envisioning Growth”, “Agent of Change”, “Demonstrating Integrity”, “Customer Focus”, “Team Excellence”, “Best Performer” and “FASTER” program (similar to Six Sigma)

Chief Financial Officer Devoted Home Health / NCG, Inc.

2003-2005 (Health Care)

Set up finance and operational systems, policies and procedures

Improved and automated billing/reimbursement, funds management & allocation including establishment of relationships with banks, vendors/suppliers, clients and agencies resulting in better working capital position

Assisted in turnaround initiatives for more effective and profitable operation

Hired and trained replacement for a less costly finance leader

Finance Director Syncor International Corporation

Controller, International 2000 - 2003 (Health Care)

Syncor International Corporation - Nuclear medicine company acquired by Cardinal Health, Inc.

Finance and operational management of multi-location / multi-entity local and international.

Designed a common, methodical and sophisticated budgeting and forecasting tools and process involving multi-divisions / business segments in global setup involving 100+ cost and revenue centers among 23 countries in major continents (North & South America / Caribbean, Asia, Europe, Africa, Australia)

Improved and standardized month-end close and reporting processes eliminating period lag and resulting in more accurate and timely global consolidation of results (internal and SEC reporting) and shorter period close

Trained (hired/managed) international finance staff for better understanding of US and international GAAP, foreign currency/exchange transactions, translation and conversion, intercompany accounts and transactions

Established better global banking relationships and improved treasury processes for better cash management and working capital allocations (developed “sweep”, open accounts, currency hedges)

Led local and global merger and acquisition activities including business modeling, due diligence, transition and integration (20+ acquisitions) and headed start-up and Greenfield projects and expansion

Developed comprehensive tax planning initiatives including design of forms of global business entities, set transfer pricing, prepared tax position papers (most-favored nation clauses), contract-manufacturing contracts

Rolled out ERP system conversion to SAP; member of steering committee in reviewing ERP projects and early adoption of Sarbanes-Oxley Act; participated in SOX compliance, MD&As, SEC Reports - 10K, 10Qs, 8Ks.

Hardy Parungao, MBA page 3

Corporate Controller / Division CFO Moen Inc. / CSI Donner

1998 - 2000 (Consumer Products)

Managed and improved processes for accounting, consolidation, product costing, budgeting & forecasting, A/R, billing, credit and collection, treasury and cash management. Received award for “Team Excellence”

Business Unit Controller Price Pfister / EP Consultants

1996 - 1998 (Consumer Products)

Re-engineered standard product costing and margin analyses, JIT inventory management, budgeting/forecasting

Led implementation of new MRP system (MFG Pro/QAD) and plant productivity initiatives and prepared Buy/Make-Manufacture cost comparisons, project feasibility studies and capital appropriations

July 1994 – May 1996, Full-time MBA student

Other positions held:

Finance Controller - PepsiCo, Inc. (Consumer Products)

Manager, Financial Planning & Analysis – Coca-Cola International (Consumer Products)

Audit – Arthur Andersen & Co (Professional Services - Audit, Consulting, Taxation)

Systems: PeopleSoft, SAP, Oracle, Intacct, QAD, In$ight, Hyperion, Essbase, OLAP, SalesForce, MS Excel, Access, PowerPoint, Project, Word, Zuora Billing System, Litle Gateway, PayPal, Lotus Notes, Workbench, Clarity, Taleo, PurchasingNet.

PROFESSIONAL AND ACADEMIC CREDENTIALS

Master of Business Administration

Finance / International Business

California State University, Northridge, (Top Graduate)

Bachelor of Science in Business & Economics

Major in Accounting

De La Salle University (Dean’s Honors List)

*Certified Public Accountant, Philippines

High School Valedictorian

Public profile: http://www.linkedin.com/in/hardyparungao

Separate profiles for Strategic Business and Financial Planning and International Operations available upon request.

References: available upon request.

Hardy Parungao Additional Profiles

STRATEGIC & FINANCIAL PLANNING, ANALYSIS and REPORTING PROFILE

Preparation of comprehensive annual and operating business plan including:

-Gathering of financial, market / competition, economic, socio-political information relevant to the business; dealing with bankers, business economists and other sources of data (e.g., GDP, CPI – inflation, exchange rates, interest rates, existing market conditions and outlook, new entrants, demographics, assumptions)

-Evaluation and analysis of business trends and history, inputs from operations, supplier/vendors and customer information, SWOT analysis, capital requisitions, ROI, ROA, ROCC, DCF, CBA,

-Design and preparation of budget templates that are audience-based and reporting-friendly and maintenance of forecast database including planning guidelines & instructions, schedules and calendar

Preparation of rolling estimates, forecasts and budget revisions including:

-Evaluation of original plan in relation to actual trending and changes in external and internal assumptions

-Update of budget information to reflect most recent trending, targets and commitments

Reporting & analysis of variances - budget/forecast and actuals and Flash reports including:

-Gathering of explanations for variances both financial and operational performance reviews

-Preparation of reports, charts and score cards for actual performance vs. targets; formal financial presentations

-Formulation and updates of relevant metrics that are useful in timely evaluation of the business

-GAP review and analysis including gathering of corrective actions and repositioning

Other Strategic Planning activities / Financial, Ad hoc analyses:

-Evaluation of growth expansion initiatives such as acquisitions, mergers, greenfield operations and new locations (including execution of decisions – due diligence, transition, integration); Business modeling

-Merger & Acquisitions - full cycle - evaluation, due diligence, purchase transaction, transition and integration.

-Evaluation of current practices and processes for efficiency and cost savings initiatives

- Review of contracts for procurement/supply-chain, contract manufacturing and outsourcing

-Capital requisitions and expenditures including project studies & evaluation and measurement, procurement & monitoring

-Cost allocation and formulation of methods; Transfer pricing; Make-buy-lease decisions and analyses

INTERNATIONAL / GLOBAL FINANCE & OPERATIONS PROFILE

Experience: Hands-on management of international operations and consolidation of 100+ cost/revenue centers in 23 countries from major continents (North & South America / Caribbean, Asia, Europe, Africa, Australia)

Global Finance & Accounting / International / US Reporting, Analysis and Consolidation:

-Set-up and maintenance general ledger system and chart of accounts for international operations consistent with US headquarters (including gap and work-forward analysis converting non-US operations to comply with local reporting).

-Management, supervision, hiring and training of international finance personnel (controllers, managers and staff)

-Management of synchronized month-end close consistent with US deadlines; roll out of system implementation

-Formulation of allocation methodologies and maintenance of legal-entity books versus admin books; global audits

-Local, functional, US currency translation and conversion (consistent with FAS 52) and consequent consolidation of financial reports (US and multi-divisional international operations). Held seminars and workshops among international locations regarding foreign-exchange translations and reporting. All applicable US and International GAAP

-Gathering of explanations for variances both financial and operational performance reviews

-Preparation of reports, charts and score cards for actual performance versus targets including formal financial presentations

-Formulation and updates of relevant metrics that are useful in timely evaluation of the business

Intercompany Transactions involving global contracts:

-Set-up and maintenance of transfer pricing among US and international affiliates

-Fund and investment transfers and infusion including banking relations

-Reporting to international regulatory agencies (local Central Bank / IRS)

Taxation and Tax Planning Initiatives:

-Review of tax positions across all foreign entities including US tax reporting

-Formulation of tax planning initiatives and position papers presented to US and international tax authorities

-Review of the best form of foreign entities (joint-ventures, contract service / manufacturing, wholly-owned subsidiaries, branches, permanent establishments, etc.); international treaties and most-favored-nation clauses

Budgeting and Forecasting for International entities:

-Comprehensive strategic and financial planning activities including market and local environment studies and modeling

-Creation of common budgeting / forecasting templates and consolidation of annual / periodic plan and forecast

Business / Operations Liaising and Consulting:

-Partnering with international operations managers (sensitivity to local cultures and practices)

-Recipient of “International Spirit” Award and appointed member of CEO Council for foreign operations.

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