CFO/Controller

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JUSTIN LOCKHART

** ******** ****, ***** *****, CA 92656

C: 310-***-**** ******.**************@*****.*** Professional Summary

** ***** ** ******* *** Accounting experience holding positions of Director of Finance, CFO Consultant and Controller, directly reporting to the Executive Team and Board. Attaining a comprehensive background in a variety of industries, organizational cultures and management styles. Successful performance in preparing monthly, quarterly and annual financial packages, KPI decks, financial reporting presentations, timely monthly closes, AP and AR management, directing all Payroll and HR, Order to Cash, Cash Flow modeling, forecast modeling, budget development, Corporate/State/Local tax reporting. Developed various levels of process, policy improvements and team-based training sessions to increase efficiencies. Strong GAAP knowledge while leading multiple third-party audit diligence management. International and Multiple Entity Consolidations, Cost Accounting, Inventory management. Managing Stock based equity transactions and reporting. Prepared SOX compliance diligence including procedural documentation for internal controls, data integrity, key employee transitions, segregation of duties and preparation of required reporting. Proficient time management attributes, expert analytical ability and effective problem solution skills. Exceptional communication and collaboration skillset with all of the organizations’ department leads. Possessing an adaptive mindset with successful leadership attributes for developing proficient teams. Skill Highlights

● Proficient and implementation experience with NetSuite, Microsoft 365, Advantage, Enterprise One, Sagitta, Sage, PeopleSoft, Rootstock, and QuickBooks Enterprise/Online.

● Stripe, Bizzabo, Mind Body, Square, Zuora, Magento, Looker, Google Analytics, Facebook Business Manager, Twitter and various other social media platform experience for sales analytics and revenue reporting. Carta Equity management platform for Company Stock Issuance, reporting and Capitalization Table creation. Adherence to ASC 606 for Revenue Recognition with multiple industries.

● Concur, Expensify, Wells Fargo Expense Reporting and BambooHR, Zenefits, for HR management.

● Salesforce, SAP and Fishbowl for CRM management, inventory, purchasing and invoicing modules.

● ADP, Paychex, TriNet, Namely, Gusto, Intuit, Paylocity and Paycom payroll software. Bill.com & Bean works for AP management. Track 1099 for 1099 management and issuance.

● Managed cash management for numerous banking platforms including Silicon Valley Bank, Wells Fargo, Chase, RBS, City National Bank, PNC, Bank of America, First Republic Bank & Rho. Experience

CFO & Controller Consultant & Owner 02/2021 to Present Independent Contractor – Balance Finance Aliso Viejo, CA Provide CFO and Controller level services to various clients ranging from early-stage start-ups to growth and mid-stage technology, digital media, medical device manufacturing, social media marketing, health & wellness, and a variety of e-commerce companies. Order to cash, cash flow forecasting, monthly close, budgeting, 2

financial modeling, preparation of Board financial decks, investor and bank compliance diligence, tax preparation, payroll and HR management. Directed the implementation and integration of various platforms for Financial and KPI metrics, accounting software, expense tracking, equity management and stock-based compensation, HR Benefit management, Policy and Procedure development. Providing my clients enhancements in operational efficiencies, reducing monthly close schedules, Financial Reporting packages the main point person for external audit diligence and investor round required diligence. Director of Finance 12/2021 to 08/2022

DermLite LLC San Juan Capistrano, CA

(Dermatology Medical Device Supplier - $17M in revenue Private Equity backed by DW Healthcare Partners)

● Directed all Accounting and Finance functions reporting directly to the CEO and Private Equity.

● Managed the PE Acquisition, Lease Accounting, Entity changes diligence and Opening Balance Sheet Audit. Maintained Bank Covenants and required financial ratio metrics.

● Oversaw the daily financial activities including Order to Cash, AP management, AR monitoring, monthly closing, including Revenue Recognition, COGS to Inventory reconciliation, managing payroll, managing all OPEX recording and accruals, reconciling all balance sheet accounts, preparing monthly financial board packages and presenting them quarterly.

● Directed the implementation efforts from QuickBooks Enterprise to Microsoft Dynamics 365 over a 6-month period on the Financial Reporting set-up, CRM and Inventory modules.

● Developed annual budgets, 3-to-5-year Forecasts and monthly monitoring of OPEX vs. Budget Financial Controller 09/2018 to 02/2020

Upgrade Labs, Inc. Santa Monica, CA

(Health, Wellness & Recovery facility using cutting edge technology providing benefits at the cellular level - $6MM in Revenue)

• Oversee all daily accounting functions including daily cash management, cash forecasting, managed all AP, AR, revenue, deferred revenue recognition, payroll for 75 employees, accrued payroll, all Balance Sheet reconciliations, expense management and inventory tracking.

• Manage month end for 7 separate entities including P&L Actual to Budget analysis, maintenance of balance sheet schedules including Owner’s Equity updates, prepaid expenses, accrued expenses, managing AP and AR, fixed assets, intangible assets and capitalization of software.

• Lead manager on the implementation of Microsoft Dynamics 365 from QuickBooks Online.

• Manage all aspects of the monthly Financial Reporting Package to board members & investors including KPI metrics, gross margin and profitability by business segment analysis.

• Assisted in building a 5-year financial forecast model with multiple assumption scenarios for Series B.

• Equity Management and stock-based compensation utilizing the Carta platform. Provide bank compliance reports and schedules for various credit lines and investor presentation decks.

• Managed and coordinated all efforts and diligence requests for the company’s first external Audit. Financial Controller 04/2017 to 09/2018

Operam, Inc. Los Angeles, CA

(Digital media agency that manages advertising campaigns in the entertainment industry - $85M in Revenue)

• Direct all daily accounting functions including daily banking, cash forecast, AP, AR, semi-monthly payroll management for 135 employees, and other HR onboarding functions.

• Manage all month-end journal entries, close schedule and checklist, maintenance of balance sheet reconciliations, schedules including Owner’s Equity updates, prepaid expenses, accrued expenses, managed all AP, AR, fixed assets, intangible assets and depreciation and amortization.

• Revenue recognition in a variety of Social Media platforms, programmatic analytics and Creative Agency fees working closely with Media Managers and Account Leads to accurately capture 3

advertising campaign deliverables, deferred revenue schedules based on campaign length, Cost of Sales reconciliation to Gross Margin expectations & month over month P&L variance analysis.

• Manage all aspects of the monthly Financial Reporting Package to board members & investors including KPI metrics and other qualitative reporting.

• Provide bank compliance reports and schedules for various credit lines.

• Lead the diligence efforts through the Series A Investment Round and credit line applications.

• Managed and coordinated all efforts for the companies first Financial Audit. Financial Controller 04/2016 to 04/2017

WhisperText, Inc Venice, CA

(Social Media Content Platform - Engaging Communities - $10M in Revenue)

• Directly handle all daily accounting functions including daily cash forecast, AP, AR, semi-monthly payroll management, analysis and processing for 75 employees.

• Manage all month-end journal entries, reconciliations and the close schedule. Revenue recognition, deferred revenue schedules, P&L month over month variance analysis and budget variance.

• Provide updated monthly financial reporting package and KPI reports to management.

• Update the financial model monthly with actuals and adjust forecasts quarterly.

• Work closely with the Director of Operations to maintain employee records, any changes, business insurance, tax compliance, audit requirements and other related HR and Operational responsibilities. Finance and Accounting Consultant 08/2014 to 04/2016 Providing CFO and Controller services to various clients ranging from early-stage start-up to mid-stage technology, digital media, entertainment, advertising and e-commerce companies. Managed the day-to day accounting, prepared monthly, quarterly and annual financial reporting packages with KPI metrics summaries and presentation of financial reports to management. Financial forecasting, budgeting and other ad-hoc financial projects. Managed the implementation and integration of cloud-based applications increasing operational efficiencies. Directed various payroll schedules, 401k, HSA and other HR administrative functions. Stream-lined the monthly close with many of my clients from 15-20 to 5-10 days. Client List:

• The Anti Agency Group January 2021 – Present West Los Angeles, CA

(Social Media Advertising - Theatrical Space - $10M in Revenue)

• Creative Tent International September 2022 – January Henderson, NV

(Outdoor Portable Structure Manufacturer and Assembler) - $80M in Revenue)

• Lunchbox, LLC October 2015 – March 2016 West Los Angeles, CA

(Shopper engagement agency turning shoppers into buyers through custom content- $20M in Revenue)

• The Honest Company June 2015 – October 2015 Santa Monica, CA

(E-Commerce and Retail Eco-Friendly Baby, Home and Beauty Products Company - $250M in Revenue)

• Creative Artists Agency January 2015 – May 2015 Century City, CA

(Talent and Sports Agency - $150M in Revenue)

• MeUndies August 2014 – December 2014 Los Angeles. CA

(E-commerce apparel - $20M in Revenue)

Prior Experience Available Upon Request

Education

Bachelor of Science Business Administration May 2003 University of North Carolina at Greensboro Greensboro, NC

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