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Accounting Sales

Location:
Los Angeles, CA
Salary:
150000.00
Posted:
September 30, 2016

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Resume:

Mark A. Newgreen, CPA

**** ***** **** ****** 818-***-****

Chatsworth, CA 91311 acwunl@r.postjobfree.com

Financial Management Executive

CFO Controller Consultant

A senior level financial executive and CPA offering 25 years of extensive, well-rounded, hands-on experience. Proven track record of advising companies through the complexities involved with rapid growth, international expansion, capital market transactions, mergers and acquisitions, due diligence and turn-around crisis management. Accomplished in structuring transactions and negotiations with lenders, creditors, landlords and other parties. Focused on enhancing revenues, productivity and profitability while managing risk. Professional Experience

Genie Gateway & AllCom Calabasas, CA

CFO / Director Jan 2015 to Present

Responsible for all accounting, reporting and finance for publicly traded e-wallet, telecommunications, check21 processor, cable TV and internet provider.

Coordinated with legal counsel on reverse merger, definitive 14-C filing involving Company name and ticker symbol change as well as 100:1 reverse stock split. Prepares 10-Q and 10-K filings.

Intimately involved in the design, processing and security features of “Genie CashBox” e-wallet systems and enhanced Check21 transactions to maximize profit while managing risk for the Company and its customers.

Cascade Finance Partners & Portfolio Companies Chatsworth / Glendale, CA CFO 2008 – 2014

Responsible for all reporting, finance, budgeting, analysis, cash mgmt, internal controls, compliance, etc.

Created numerous new legal entities and establishing accounting / operating systems from ground up.

Designed and managed due diligence programs for new acquisitions and coordinated documentation.

Integrated and or converted existing systems of new acquisitions and established portfolio reporting.

Established all tax IDs, banking, merchant accounts, payroll processing, sales tax permits, etc.

Responsible for accounting department of 10 and overseeing total payroll for arpproximately 1,000 employees.

Portfolio companies:

GameWorks Entertainment - Stock acquisition of national chain of 7 arcades from Sega. Sega paid Cascade $1.25MM net to take the arcades including equipment appraised at over $5MM off its hands because of large recurring losses combined with extremely adverse lease commitments

(including one on the Las Vegas Strip with rent of $325k per month). Subsequent bolted on acquisition of JBC Entertainment adding another 8 venues. Company was profitable within 1 year.

CLE / DC Imaging; Turn-around of manufacturer of compatible and recycled ink cartridges.

IOG LLC: Manufacturer of shipping data sensors sold to customers throughout the world. Assets acquired from Chatsworth Data Corp bankruptcy. Profitable within 6 months.

CDC Data LLC: Manufacturer of scanners sold worldwide for use with lotteries, education testing, horse racing, etc. Involved in arranging Letters of Credit for multi-million dollar int’l contracts.

State Crane: Turn-around of Crane rental and fabrication service in Orange, CA.

Kamako Mfg: Start-up company manufacturing proprietary automated equipment for use on oil rigs.

Various investment holding companies.

Sleepwell Laboratories, Inc. Woodland Hills, CA

CFO & Acting President 2006 & 2007

Turnaround project for local investment banking firm.

Successfully managed serious cash flow challenges and extreme vendor pressure.

Instrumental in positioning group of 6 sleep laboratories in 4 states for acquisition by Avastra.

Involved in negotiations with Avastra, an Australian public Co performing a roll-up of sleep labs.

Assisted with due diligence and closing with Avastra.

Settled payables of over $1mm while preserving $2mm of equity for Sleepwell shareholders.

Entrepreneur & Consultant 2000 – 2005

Eclipse Custom Boats “ECB”, Temecula, CA

CEO, Co-founder and 50% owner.

Built ECB from ground up and sustained 75% annual growth rate for 4 years until sold.

Coldwell Banker Commercial, Advisory Services Group, Manhattan Beach CA

Part-Time CFO responsible for all accounting and financial reporting.

Assisted with appraisals, feasibility studies, business valuations, and litigation support.

Consultant / Lender Due Diligence

Performed audits and underwriting for Asset Based Lenders on a per diem basis.

Client assistance services in cooperation with Deloitte, Focus Management Group, etc.

Coast Business Credit Los Angeles, California

SVP Underwriter 1998 - 1999

Structured and presented Asset Based deals to Credit Committee ($5 mm - $30 mm).

Also prepared write-ups for participation in syndicated deals from large Wall Street firms.

Credits were collateralized by A/R, Inventory, Equipment, Real Estate, & Intangibles.

Coordinated with appraisal firms and determined appropriate advance rates, ineligibles, etc.

Arranged and reviewed Environmental Reports identifying related risks.

Coordinate loan documentation and UCC filings with in-house attorney & outside legal counsel.

Second transaction (a $30MM complex credit) was one of the most profitable deals for Coast Business Credit. Within a year we were taken out by BofA in a $90MM refinancing and earned a prepayment penalty of over $600K.

Singer Lewak Accountants & Consultants Los Angeles and Orange County offices Senior Manager, Audit / Lending Services Department 1990 – 1997

Managed certified audit, review and compilation engagements in a variety of industries

Performed and managed due diligence assignments for financial institutions including large banks, ABL lenders and small local factors.

Member of Technology Committee, responsible for EDP audit coordination, software selection, migration and training.

KPMG Peat Marwick Orange County office

Audit staff and EDP Audit Specialist 1987 – 1989

Education and Professional Designations

California State University Fullerton (B.A. Business Administration: Accounting + MIS concentrations) University of

California, Irvine (3 years: Electrical Engineering + Computer Science) Certified Public Accountant

CA CPA License

CA Real Estate Broker (no longer maintain this license)



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