Chief Financial Officer, Controller, Drictor of Finance

PAUL A. BANKS, CPA

** ***** **** *****: 203-***-****

Norwalk, CT 06855 Email: *****.*******@*****.***

Chief Financial Officer/Controller

Growth-minded Chief Financial Officer/Controller with extensive experience measuring organizational performance against the annual budget and business goals. Expert at developing and nurturing banking and private equity relationships. Proven leader in long-term forecasting and budgeting, financial modeling and analysis as well as financial reporting. Demonstrated ability in acquisition strategy and divestitures. Excel at maximizing return on investments, identifying cost reduction measures, and leading expansion projects. Solid communicator with excellent analytical skills and a talent for directing and supervising multi-disciplinary teams across an organization.

Areas of Expertise

Annual Budgets & Forecasting

Financial Planning & Analysis

Accounting Operations

Cost Reduction Strategies

Financial Statements & Reporting

Banking & PE Relations

Divestitures

Capital Raising

Dashboard Reporting

Acquisition Modeling

Due Diligence

Acquisition Integration

Professional Experience

MAVERICK MEDIA, Westport, CT 2002 – Present

The company owns and operates radio stations broadcasting in medium to small markets including 15 FM and 5 AM stations in four markets as well as a Muzak franchise with gross revenues of approximately $20 million.

Chief Financial Officer and Secretary

Accountable for overseeing all financial operations for the company including budgeting, financial modeling, tax and audit preparation, and reporting. Direct and supervise controller and office manager as well as nearly 30 radio station professionals and staff including market managers, market controllers and traffic operations. Draft and present reports and recommendations at all board meetings. Lead private equity reporting and portfolio expense initiatives. Manage credit, audit, tax, legal, general insurance, and benefits negotiations. Developed accounting processes, internal control procedures and equivalent SOX compliance.

Executed acquisitions of 18 radio stations in five markets valued at $60 million

Developed and implemented all accounting and internal control policies and procedures

Facilitated four separate asset sales of 10 stations for approximately $12 million

Developed infrastructure to grow digital revenue from 0% of GR in 2006 to 8.5% in 2014

Reduced annual radio station operating expenses over three years by nearly 10%

Implemented a refinance option that allowed distributions to equity holders of $5.8 million

Maintained compound annual growth in employee health plan costs under 5% since 2005

Worked with GE Capital through three lending agreements, eight amendments and two forbearance agreements

CONNOISSEUR COMMUNICATIONS, Westport, CT 1997 – 2001

The company owned and operated 20 FM and 7 AM radio stations broadcasting in 10 medium to small markets with gross revenues of approximately $42 million.

Director of Finance

Served as the director of finance charged with coordinating the annual budget process and preparing annual consolidated financial statements for ten markets as well as conducting controller duties such as P&L review, general ledger schedules, AR collections for six markets.

Developed financial models and performed due diligence for radio station acquisitions

Developed advanced sales trend pacing reports for weekly reporting

Steered eight acquisitions valued at $55 million and three sales worth $244 million

ARBOR PROPERTY TRUST LP (NYSE: ABR), West Conshohocken, PA 1996 – 1997

Publicly-traded REIT specializing in retail property.

Controller

Coordinated and drafted annual audit report, 10-K filing with the SEC, and management discussion and analysis included in annual report to shareholders. Prepared annual budget, monthly financial statements and cash flow forecasts. Handled shareholder information requests.

Saved the company an annual $400,000 by consolidating accounting operations

Billed over $200,000 of three prior years’ accumulated common area charges

US RADIO, INC., PHILADELPHIA, PA 1990 – 1996

The company owned and operated 15 FM and 5 AM radio stations broadcasting in 9 large and medium markets with gross revenues of approximately $43 million.

Director of Finance 1993-1996

Manager, Financial Analysis 1990-1993

Coordinated and drafted annual audit report, prepared quarterly reporting to shareholders, including management discussion and analysis. Prepared annual budget, monthly financial statements and cash flow forecasts. Conducted controller duties such as P&L review, general ledger schedules, AR collections for six markets.

Prepared financial data and analyses included used to obtain $285 million in debt financing and $70 million in equity financing from individual investors, private equity firms and merchant banks

Implemented a credit and collection policy, resulting in an 18% decrease in accounts receivable days outstanding

Played in a key role in developing the S-1 (and amendment) filed with NASDAQ

ERNST & YOUNG (formerly Arthur Young), PHILADELPHIA, PA 1986 – 1990

The third largest professional services firm in the world and one of the “Big Four” audit firms, the company provides assurance, tax, consulting and advisory services.

Senior Staff Accountant

Developed initial internal control documentation and audit programs for new clients. Supervised subordinates and reviewed workpapers. Reviewed, documented and tested internal controls.

Education & Training

B.S. in Economics, Accounting Concentration, Wharton School, University of Pennsylvania, Philadelphia, PA 1986

CPA Certification

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