Controller / CFO
Resume:
Don Belanger
***.*.********@*****.*** 954-***-**** Litchfield, NH seeking to relocate Hands-on Controller / CFO consistently dedicated to achieving best results for stakeholders in diverse industries. Process driven and focused on accomplishing continual financial and operational performance improvements. Proven track record increasing EBITDA and company values, ensuring GAAP compliance and strong internal controls. KEY ACHIEVMENTS:
• Increase company value via: (i) structure and process (ii) accurate data (iii) continual financial and operational performance improvements, EBITDA and net profit growth (iv) risk management, safeguard assets
(v) build and manage successful internal and external collaborations.
• Adhere to COSO ICIF, D/FAR, GAAP, IFRS, regulations, and statutes resulting in clean / unqualified external audits.
• Design, implement, perform, and manage consistently accurate and transparent full cycle systems including
(i) financial accounting (ii) managerial accounting (iii) reporting internal and external (iv) cash management
(v) compliance (vi) financial and operational controls (vii) risk management (viii) sales products / services pricing.
• Prepare and present consistently accurate GAAP financials, diverse analyses and financial models to stakeholders.
• Function as a business partner increasing value with owners, chairpersons, boards, executives, investors, lenders.
• Authorized signatory to compliances, contracts, financials, treasury.
• Broad experience: (i) B2B, B2C, family office, U.S. govt contractors DoD and non-DoD (ii) diverse industries: aerospace, agriculture, childcare, U.S. defense, dispensaries [medical and adult use cannabis, seed-to-sale, CA/ME], distribution nonfood, eCommerce, manufacturing [edibles satellite subcomponents, production, prototype, R&D], real estate [brokerages, closings, investments, management], retail, SaaS, various services.
• (iii) debt / equity raises $3MM $50MM per transaction (iv) revenues $4MM $150+MM per year
(v) domestic and international boards (vi) in Silicon Valley 19 years, in Florida 5 years. PROFESSIONAL EXPERIENCE
Park Street Management Group, LLC Mexico, ME
Controller, report to Managing Member Jan 2024 - Present Licensed medical cannabis seed-to-sale, caregiving, consulting, distribution, manufacturing, retail, CBD and THC products. Multiple entities and locations.
Real Estate investments and management [commercial buildings, residential apartments buildings].
• Implement and oversee comprehensive financial operations, including cash flow optimization, regulatory compliance, and internal control enhancement to maximize EBITDA targets up to 45% and protect company assets.
• Conduct internal audits to ensure accurate GAAP financials, along with precise managerial accounting, forecasting, and reporting.
• Develop and enforce robust financial and operational policies and procedures to support organizational efficiency and strategic objectives.
GPD Optoelectronics Corp. Salem, NH
Controller / Acting Chief Financial Officer reported to Board Director, CEO Feb 2023 – Dec 2023 Designs and manufactures advanced photonic sensing components / subsystems / semiconductors for traditional and emerging markets in Aerospace, Biological, Defense, Industrial, and Telecommunications for commercial domestic, international, and U.S DoD customers.
• Streamlined financial and managerial accounting, ensured GAAP compliance, performed treasury and precious metals inventory systems, effectively managed HR, IT, payroll, and safeguarded assets including international investments.
• Recruited and hired skilled professionals for Accounts Receivable, General Ledger, HR Business Partner, and Payroll functions which enhanced departmental efficiency and supported EBITDA growth by 12%.
• Prepared monthly board financials, quarterly board meeting financials, forecasts, and analyses.
• Conducted internal audit of 2022 fiscal-year-end GAAP financials. Corrected errors. Prepared and submitted supporting documents to external CPA firm. Achieved / received a clean unqualified audited opinion.
• Collaborated on the company’s initial ISO 9001:2015 achieving ISO certification Aug 2023. P a g e 2 3
Don Belanger -continued
PSM, LLC Atlanta, GA
Controller / Chief Financial Officer reported to Managing Partner Jun 2011 – Feb 2023 Financial management from transactional accounting to business portfolio management of manufacturing and service entities [B2B, B2C, family office, company / clients’ owned] in diverse industries throughout U.S.
• Managed financial operations, ensured GAAP compliance and supported EBITDA growth up to 60% through effective cost controls and revenue growth strategies.
• Implemented and oversaw comprehensive internal controls and audits, resulted in the protection of company assets and the maintenance of transparent financial accounting, including job and process costing.
• Directed operations oversight and treasury functions, contributed to the overall financial health and compliance of the organization.
• Conducted due diligence evaluations and audits for debt and / or equity financing $3MM $50MM per transaction.
• Performed and managed: (i) audits including cash flow, collateral, compliance, financials, inventory, operations
(ii) Borrowing Base Certificates (iii) thirteen-week cash flow forecasts. AOSense, Inc. Fremont, CA
Director Finance / Acting CFO, reported to Cofounder and President Aug 2016 – Dec 2017 Designs and manufactures cold-atom optic sensors and inertial sensors for precision navigation, gravity measurement, timekeeping and quantum computing for U.S. DoD, industrial, and scientific customers. Two divisions.
• Improved and managed administration, financial and managerial accounting, treasury, accurate indirect rates projections, robust inventory controls, precise iRAPT submissions, pricing, contracts yields [CPFF, FP, IRAD, RAD].
• Developed and delivered in-depth monthly financial reports, forecasts, and performance analyses for various contracts, two divisions, and the overall entity to the board of directors, facilitated informed decision-making.
• Liaised with CPA firm, DARPA, DCAA, and GSA on audits, compliances, ICEs, FBRs, PBRs, performance analyses.
• Converted ERP system from GCAS to Deltek CostPoint resulted in improved data accuracy and process efficiencies. Atypon Systems, Inc. Global Headquarters Santa Clara, CA Chief Financial Officer, reported to Founder and Chairman Jly 2010 – Jun 2011 ePublish and eCommerce using SaaS and software products for domestic and international online professional and scholarly publisher clients.
• Optimized the financial infrastructure, enhanced internal controls and performance metrics, resulting in EBITDA growth by 35% across international offices in Czech Republic, England [a UK Ltd entity], Greece, Jordan [launched Nov 2010], U.S., and Atypon Exports [IC-DISC launched Sep 2010].
• Established and enforced GAAP compliant financial statements, policies, and procedures to maintain domestic and international statutory compliance, and maximized FOREX transactions effectiveness.
• Increased investment and working capital funding through EBITDA growth and a new banking relationship. Inman Group, Inc. Alameda, CA
Chief Financial Officer / President / Chief Executive Officer reported to Founder and Chairman Apr 2006 – Sep 2009 Inman News, Inc. Real estate website, eCommerce, media news service, and conferences for industry professionals. TurnHere, Inc. Startup online video producer for advertising and information content provider customers.
• Enhanced financial frameworks and operational efficiencies, leading to EBITDA growth by 30% and 55%.
• Conducted comprehensive evaluations of financial performance and market conditions to support sustained business expansion in an economic downturn.
• Overhauled IT and implemented a new website which substantially reduced production costs and increased revenue.
• Initially hired as VP Finance then promoted to President / CEO of Inman News, Inc. Oct 2006. P a g e 3 3
Don Belanger -continued
Signasys, Inc. San Jose, CA
Director of Finance / Acting Chief Financial Officer, reported to Cofounders, President Nov 2004 – Apr 2006 Engineering, manufacturing, and technology digital integration for the U.S. broadcast industry.
• Managed comprehensive financial operations including accounting, compliance, internal audit, procurement, reporting, taxation, and treasury functions, which ensured EBITDA growth by 35%, adherence to industry standards and regulations.
• Developed and maintained accurate GAAP financials, budgets, pricing models, and rolling forecasts.
• Restructured, obtained a $4.5MM bank business line of credit and relieved cofounders of their personal guarantees. SRIC, Inc. Global Headquarters Menlo Park, CA
Chief Financial Officer / Treasurer / Controller, reported to Chairman, President / CEO Jan 2001 – Nov 2004 Global research, consulting, and publications on chemicals / petrochemicals and their global markets for commercial domestic / international, and U.S. govt DoD & non-DoD customers. Multiple divisions including life sciences. [an SRI International owned entity]
• Successfully divested the company in 2004 to a global private equity firm following strategic enhancements that improved valuation and mitigated risks from a previous failed sale in 2000.
• Oversaw comprehensive management of all corporate functions, except scientific research, ensuring operational efficiency and EBITDA growth by 85% across offices in Beijing, Houston, London, Menlo Park, Seoul, Tokyo, Zurich.
• Prepared and presented (i) monthly Chairman reports (ii) quarterly board reports to SRIC and SRI International boards.
• Liaised with external audit CPA firm, DARPA, DCAA, and other government regulatory agencies [domestic, foreign]. Delfin Systems Inc. [a Titan Corporation company NYSE:TTN. now owned by L-3] Headquarters Santa Clara, CA Senior Accountant reported to CFO, Controller Jan 1998 – Jan 2001 High tech signal systems, engineering and integration services, manufacturing, reconnaissance computers, and R&D for U.S. DoD customers. Two companies in seven states.
• Supported a successful monetization process to Titan Corp. in 1999.
• Managed cash flow, bank credit line, and reported to Titan Treasury in San Diego, CA since company monetization.
• Collaborated with CFO and Controller to manage accounting and cash, ensured compliance and financial integrity.
• Liaised with DARPA, DCAA, IRS and states’ government agencies during compliance and performance audits. SKILLS SUMMARY
Business Growth and Management. Cash Management. Compliance. Cost Accounting & Analyses. Financial Accounting / Modeling / Planning & Analysis / Reporting. Divestitures / Exits. Financial & Operational Controls & Audits. GAAP Compliance. Improvements & Restructures. Managerial Accounting. Month & Year End Closings. Pricing of Products & Services. Reconciliations. Regulatory & Statutory Compliance. Risk Management. Team Building & Management. SOFTWARE
• ERP: AccountTech. Appfolio. Deltek Costpoint. Epicor. GCAS. Infor Visual. Macola. Sage: 300, Intacct, QStock.
• Conducted ERP conversions and new implementations: (i) created teams (ii) created and executed plans.
• Others: ADP. Microsoft 365. Paychex. QuickBooks Online. Quicken. Sage 50. Shopify. ShopKeep. Unipoint [EQMS], Wave.
EDUCATION
Salem State University Salem, MA
Bachelor of Science in Business Administration, Accounting concentration, with honors Cum Laude.
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