Accounting Human Resources

PENNY LOZANO, CPA

321-***-**** ******@*****.***

A highly experienced CPA and C-Level Financial and Operations Executive who has demonstrated the ability to lead and mentor diverse teams of professionals to new levels of success in a variety of highly competitive and fast-paced environments; strong technical, operational & business qualifications with an impressive track record of more than 20 years of hands-on experience; combines strategic/tactical financial expertise with strong qualifications in business development, operations and P&L management. Proven ability to successfully analyze an organization’s critical business requirements, identify deficiencies and potential opportunities, and develop innovative and cost-effective solutions for enhancing competitiveness, increasing revenues, reducing costs and improving profitability; skilled in partnering finance with core operations and developing productive cross-enterprise alliances. Experience includes public accounting, construction, legal, automotive, hospitality (hotel & restaurant) medical and PE owned firms.

● Develop & Implement Strategic & Operational Plans ● Public/Private Capital Markets & Equity Financing

● Financial Modeling/Planning & Risk Management (ST & LT) ● Capital Expenditure Analysis, Planning & Funding

● Real Estate, Property & Asset Management ● Contracting, Negotiating, M&A, Due Diligence & Project Mgmt

● Revenue/Profit Optimization & Tax Planning ● Accounting (GAAP), Treasury & Human Resources

● Investor, Client & Banking Relations ● Internal & External Audit Management (GAAS) EDUCATION

Master of Business Administration (Entrepreneurship) * University of Central Florida Bachelors of Science * Business Administration * Computer Science & Management (minors) * University of Louisiana Certified Public Accountant (CPA) * Business Administration Honor Society * National Merit Academic Scholarship PROFESSIONAL EXPERIENCE

Chief Financial Officer, Novotus, LLC, Austin, TX (11/13 – 2/17)

Hired as a consultant to do forensic accounting due to prior controller theft; corrected accounting errors made over a two year period; achieved balance sheet creditability through establishing accounting policies, procedures and internal controls

Changed their reporting structure in their financial software that allows for better visibility of profit by departments

Implemented the first annual budget. Developed budget process with all departments and senior management resulting in a final budget approved by the CEO and President. Also, implemented forecasting procedures

Actively involved in the day to day operations of the business

Directed company in a plan that increased profits from $337,000 to $1.3 million in 1 year

Responsible for annual financial statements audited by external auditors resulting in no adjusting journal entries

Was brought on as the CFO after 4 months of consulting to position the company for an acquisition; worked with broker on presentations, CIM, due diligence and calls with potential buyers and private equity firms; sold & closed in January 2016 Consultant/Certified Public Accountant, Penny Lozano, CPA (1/09 – Present)

Business Mgmt, Accounting, Compilations, Reviews, Taxes, Business Plans, raising venture capital, serving as an Interim- CFO/COO/Controller, specialize in working with Real Estate, Construction & Development, Start-ups & Turnarounds, Mergers & Acquisitions, Financial Planning & Analysis, Internal Control compliance/implementation, Policy & Procedure Manuals, software system conversions, etc.

* Creative Tonic (CPA) * Isdale Construction (CPA)

* Spanish Oaks Construction & Development / CCNG, Inc. * Capitol Area Technology, LLC (Interim CFO)

* Penfield’s Business Centers (Interim CFO & VP of Operations) * CLEAResult (M&A, 2013 Budget, FP&A) Chief Financial Officer, Jupiter USA, Inc., Orlando, FL (11/07 – 12/08) Land developer with projects (commercial, residential and multi-use) throughout the United States; majority of capital obtained through large investor based program in Germany. Organization consists of 48 entities (C corps, S corps, LLC’s and Ltds.); over $500 million in assets.

Operational and programmatic support to the organization, supervising the finance unit and chief financial spokesperson for the organization; provide recommendations to executive mgmt based on financial analysis; right hand of the CEO/President

Assists with all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding from lending institutions (over $50m) and mezzanine financiers ($125m)

Part of the executive team involved with land acquisitions, development, sales and project management

Obtain private equity from German investor groups ($325m); maintained relations with financial advisors & trust attorneys

Implemented/converted the cost, budget and financial accounting software from QuickBooks to Timberline

Responsible for setup of all employee benefits (health, dental, vision, 401K, bonus program, holiday/vacation/sick time)

Responsible for all accounting, treasury, lending, human resources and risk management responsibilities

Responsible for accounting and managing over $500 million in assets

Implemented internal controls and internal audit procedures which resulted in the discovery of fraudulent activities VP, Regional Controller, Earthmark Companies & Mariner’s Club, Key Largo, FL (4/06–11/07) High-end Resort Developer (condominiums, condo/hotel [whole and fractional unit sales], marinas, restaurants, spas, clubhouses, luxury amenities, single family housing & workforce housing); Florida Keys division consisted of 25 entities; over $250M in assets.

Involved with land acquisitions, development and construction of resort properties and amenities

Supervised Property Controller, Project Controllers, Campground Controller, Marina Controller and accounting staff

Responsible for the hospitality operations, accounting, property mgmt, and collections (Rental Units, Restaurants, Marinas, Spas, Equity Clubs, Private Residence Clubs, Banquet/Meeting Facilities, Homeowners and Condominium Associations).

Responsible for the development and construction accounting for the Florida Keys Division

Responsible for the campground, restaurant, tiki bar, marina & working boat yard operations and accounting

Project Management; responsible for all development, construction (percentage-of-completion) and operations accounting for the FL Keys Division; annual budgets, quarterly forecasts and monthly financial statement packages; compilation & presentation of Economic Models used to determine projects profitability & feasibility (i.e. acceptable IRR, absorption rates, required sales pricing, amenities, etc.); responsible for monthly performance analysis

Review all AIA contracts and contractor application submittals and supervise draw process

Ensure compliance with local, state, and federal taxes, regulations and reporting requirements

Responsible for accounting and managing over $250 million in assets CFO/COO (Florida Region), Concord Wilshire Construction, Daytona Beach, FL (3/05–4/06, promotion required relocation to CA) Land Developer & General Contractor for commercial, ocean front condos, gated communities with single family housing

Hired to assist with the startup of the Florida Division and construction company; involved in all negotiations, operations, development and implementation of policies, procedures and internal controls

Purchased, installed and setup all hardware and software necessary to launch construction company

Involved with land acquisitions, sales, development, construction and project management (including joint ventures)

Corporate liaison with investors and partners; company representative in business dealings with third parties

Secured all A&D financing, mezzanine financing and revolving lines of credit for Florida division

Responsible for all accounting, treasury, human resources and risk management responsibilities

Involved in company-wide operations, internal controls and policy & procedures Vice President, Corporate Controller, SeaGate Homes, Inc., Palm Coast, FL (2002 – 2005) Land Developer and Single Family housing construction; organization consisted of 12 entities; over $65 million in revenues

Increased profits from $1.2M to $10M in less than 3yrs by implementation of internal controls, policy & procedures, pricing strategies, new development strategies, cost controls, rebate programs & contract negotiations with vendors & subcontractors

Promoted to Vice President for significantly improving employee morale, operations and net profits

Involved in strategic planning, pricing strategies, cash management, investment strategies, tax planning, filling personnel requirements, training and development of existing staff, policies and procedures and corporate culture

Responsible for reviewing and signing all closing documents for home sales

Issue monthly Controller's Report detailing financial and operational results of the month

Compiled and implemented the Accounting Policies and Procedures manual

Responsible for all accounting, treasury, lending, home closings and risk management responsibilities

Responsible for gross revenues in excess of $65 million Division Controller, Lennar Homes, Inc., Rockledge, FL (2000 – 2002) National Home Builder

Responsible for monthly financial close, monthly projections, job costing, budget/cost analysis of homes, variance analysis/ explanations, payroll, accounts receivable, audits, corporate discussion points, land acquisition analysis, annual business plan, annual mission statement, reviewing & signing all sales contracts and closing documents

Supervised accounting, accounts payable, general administration and sales contracts/closing department

Involved with CDD projects, Homeowner’s Associations (budgets, financials, deficit funding & Board of Directors), Human Resources, Risk Management, Information Systems, Purchasing, Expediting, and Marketing

Consistently won corporate contests for being within .5% of our monthly projections Corporate Controller & Internal Audit Manager (acting Director), Planet Hollywood International, Inc., Orlando, FL

(1999 – 2000) Restaurants and Retail Stores

Corporate Controller:

Responsible for all accounting functions; reorganization of corporate accounting department after bankruptcy; implementing new policy and procedures throughout corporate and restaurants

Liaison between Price Waterhouse Coopers and finance department for corporate audits and Chapter 11 filings/reporting

Responsible for all treasury and risk management responsibilities

Implemented a cash management program that increased collections and profitability within two months Internal Audit Manager:

Audit all wholly owned domestic and international restaurants, franchise restaurants and joint venture restaurants

Responsible for writing and implementing new audit programs due to significant accounting policy and procedure changes throughout the corporation

Responsible for writing and issuing audit reports to all executive staff members (i.e. VP of Operations, CFO, CEO, etc.), the Audit Committee and the Board of Directors

Assigned special projects due to the significant changes occurring throughout the company, one of which saved the company a significant amount of money and received high remarks from Price Waterhouse Coopers; was later promoted to Corporate Controller by PWC’s recommendation to CFO

Assisted with the motions and schedules for the bankruptcy filing; liaison between PWC and finance department for corporate audits and Chapter 11 filings/reporting/compliance Accounting Manager, Smart Choice Automotive, Titusville, FL (1997 – 1999) Automotive Group

Responsible for Consolidated Financial Statements for the publicly traded company with annual revenues in excess of $150 million per year (6 subsidiaries and 26 automotive dealerships)

SEC reporting and GAAP compliance

Implemented disciplined accounting controls critical to complying with SEC requirements

Aided in the financial aspects and Road Show presentations for Second Public Offering.

Drafted/compiled corporate Accounting Policies and Procedures manual

Set up, implemented and maintained the accounting policies and procedures for Dealer Insurance Services, Inc. and Easy Pay, Inc. (two insurance subsidiaries), accounts payable and payroll department (500+ employees)

Coordinated and monitored all external audits

Responsible for monitoring and updating covenant compliance for all debt and equity instruments Controller, Florida Finance Group, Inc., Titusville, FL (1997 – 1999)

$115 million portfolio that provided financing for 26 new and used automobile dealerships

Responsible for managerial reporting, including budget analysis, ratio analysis, debt analysis, performance analysis, budget vs. actual variance analysis, historical comparisons, industry comparisons, projections, and forecasting

Improved the credit process, collections and reduced portfolio delinquency from 85% to 23% Corporate Controller, Sizzler, Melbourne, FL (1994 – 1997) Restaurant Chain (consisted of 7 restaurants/10 entities)

Responsible for gross revenues in excess of $65 million; right hand of President/Owner

Implemented a company-wide reporting system that allowed financial information to be readily available daily

Responsible for all accounting, treasury, human resources and risk management responsibilities

Responsible for overseeing all state, federal and insurance audits CPA, Berman, Shapiro, Hopkins and Company, Merritt Island, FL (1991 – 1994) Public Accounting Firm

Audits, Reviews, Compilations & Tax returns (corporate, partnerships, trust, individual, tangible and intangible) COMPUTER SOFTWARE

Microsoft Office (Word, Excel, PowerPoint, Access), Microsoft Outlook, SAP (MBA course), JD Edwards, Timberline, MAS 200, Solomon, BIO, SQL, QuickBooks (Proadvisor), Peachtree, and various other accounting, financial and tax software

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