Christopher W. Cola, CPA

713-***-**** adcwxf@r.postjobfree.com 2606 Link Road Houston, TX 77009

Executive Summary

A seasoned CFO, Private Equity, Mergers and Acquisitions, Management Consulting executive team leader who helps set the strategic direction, continuous improvement mindset, and delivers value to companies from day one through collaboration and innovation of policies, processes, and procedures. Industry experience in Healthcare, Beverage Distribution, Energy, and Real Estate through Franchising, I bring the best from these industries to every action step taking to help my organization perform optimal financial management and financial analysis I am a self-motivated servant leader who values team and creates an environment for career success for every employee. I am a practical and decisive leader that ensures we make decisions based on facts from primary sources. I am a champion for growth through combinations of revenue enhancements from quality products and services and focused marketing. I build cultures that are committed to eliminating waste in operations by consistently monitoring inefficiency and living a continuous process improvement mindset.

Executive Experience

06/19 03/20 Reconstructive Orthopedic Center of Houston – Houston, TX Chief.Financial Officer & Chief Operations Officer

An orthopedic surgical practice and healthcare biomedical products development company

Chief Financial Officer – Executive team leader over business administration promoting financial management by continual analysis of the business to achieve aggressive growth objectives

Planned and Developed policies and procedures regarding billing and collecting financial management that increased collections by 20%

Increased revenue by 5% through policies and procedures and financial analysis to capture sales from durable medical equipment while providing great customer service

Established process to maintain credentialing for QPP and Pecos on an annual basis that increased revenue from Medicare by 15%

Established performance metrics for annual budgets and applied analytical skills ls in every department to slash operating cost by 25%

Collaborated with every department head to build outcomes and progress measures that are evaluated appropriately to maintain growth and discipline that led to a 10% improvement in efficiency

Developed and maintained banking relationships for capital planning to maximize exposure to capital markets, effective capital structure, and a strong balance sheet

Instituted process improvements through automation in accounts receivable collections which lead to a reduction of days sales outstanding by 12 days.

Restructured the finance and accounting department, to better manage cash flow, aligned efforts to achieve the most efficient operations and financial controls within the practice which lead to a 4% reduction in overhead

Used financial modeling skills and project accounting for revenue forecasting and measure financial performance while benchmarking against metrics that help decision support and business analytics which improved company performance by 5%.

Chief Operations Officer – Disciplined Executive leader that works collaboratively and promoting cross-training, accountability, best practices and consistent communication that enhanced team cohesion and improved collaborative culture

Instituted process improvements and protocols to remain in compliance with hospital, healthcare and HIPPA regulations saving expenses of $200,000.

Established the certification of the business as a Minority Business Enterprise and Veteran-owned business which added 10% more customers and 15% more revenue.

Commenced processes for quarterly, semi-annual and annual evaluations of all staffing needs which led to 12% efficiency in worker productivity

Created management reporting and project accounting by departments to evaluate and measure effectiveness ( Critical to quality measures / KPIs) which led to a 3% improvement in efficiency

Used market strategy to partner with local industry groups to increase brand visibility and market share which improved market share by 2%

Aligned efforts with Human resources Director to provide training for all staff on continual process improvements and procedures which increased job satisfaction by 25%

Led negotiation of contracts with vendors and service providers with an average of 20% reduction of cost versus market

Worked directly with the Human Resources team to build appropriate staffing levels and payroll budgeting and forecasts which saved operating cost by 13%

06/14 06/19 Spinel Investment Company – Houston, TX Vice President, Operations

A private investment firm that specializes in making investments in, growing and improving dedicated suppliers and distributors that perform value-added functions for blue-chip entities.

Executive leader of due diligence for $1B startup that became one of the largest franchises of a Fortune 100 company that led to more than $30m in a purchase price reduction

Executive leader of the acquisition and integration of the sales and distribution operations of a 17 facility warehouse and distribution center that saved $100m in operating costs over 3 years.

Executive leader of creating the internal audit function and internal controls function across the company which identified 100 risks that were mediated and $100k in recovered cost from fraud.

Executive leader of process improvements and integration across sales, manufacturing, IT, environmental, warehousing, and logistics which led to 25% efficiency improvement over the previous 5 years.

Executive leader responsible for strategic initiatives to create an entertainment asset management system for 30,000 entertainment assets which maximized marketing dollars with an annual savings of over $500k reconciliation used in Tableau and Power BI to identify strategic uses more quickly.

Executive leader reviewer of accounting memos and research for external audit position papers which prevented a $5m accounting charge.

Executive leader that was responsible for negotiation with vendors for external audit, due diligence and entertainment asset management and slashing the cost of those external services by 25% annually year over year.

Executive Leader of the deal teams for all due diligence and operational improvements of portfolio companies which led to an average purchase price reduction of $20M

06/13 – 06/14 Opportune, LLP – Houston, TX Director Complex Financial Reporting

The largest professional services firm providing consulting, tax and outsourcing focused only on the energy industry.

Grew new client billings to over $1M in 5 months. During my tenure, we had 12 individuals working simultaneously on various projects.

Created recurring revenues of over $500K a year on a new client.

Led an organization design assessment through a $70M acquisition by a client. Year 1 savings of $100K projected 5-year savings of over $300K per year.

Created and deployed a derivatives evaluation checklist in adherence with ASC 840 and ASC 815. It has been used by all clients that have potential exposure to derivatives.

Researched and wrote white papers on complex financial accounting issues such as accounting for changes in tax status and bargain purchase gain.

11/12 – 02/13 Experis Finance – Houston, TX Contract Lead Engagement Consultant

Shelf Drilling, a newly acquired $2B Portfolio Company of Castle Harlan and Lime Rock Partners. Shelf Drilling was formed from a carve-out of drilling rig assets from Transocean.

Established desktop procedures for every major accounting function

Developed day-to-day accounting and finance processes

Developed process flows for the accounting of 38 drilling rigs

Developed the purchase price accounting and purchase price adjustment models

Reconciled over $1.2B in cash from the acquisition

10/07 – 05/12 Sirius Solutions – Houston, TX Director, Financial Advisory Services

An independent business consulting firm specializing in the areas of Financial Advisory, Business Operations, Compliance & Controls, Legal & Economic Advisory and Technology.

Interim controller of the US and Cayman entity for an oil-field services portfolio company of a private equity firm where we used Hyperion, SAP systems, and Oracle.

Project manager for implementation of the treasury management system at a nuclear energy company.

Led Business Development and Oil and Gas market research to target energy private equity firms and their portfolio companies using Excel to manage the targets and a tight budget to focus the process of attack.

Developed Private Equity Service practice in Q32010 and have large energy private equity firm and a large private equity-backed pipeline company as clients with revenues of to date over $600K and 50% profit margin

Established Treasury Advisory Services practice in Q32009 with revenues to date of over $400k with 45% profit margin the budget was $100k.

07/06 – 09/07 PricewaterhouseCoopers – Houston, TX Manager, Transaction Services

Authored thought leadership article on due diligence issues facing the energy trading industry

Led the due diligence for a large bank’s $500M acquisition of an energy trading company using Excel to model the value proposition for the client.

Directed due diligence program for an energy private equity firm’s acquisition of a $200M energy services company

05/04 – 07/06 El Paso Corporation – Houston, TX Manager, Corporate Audit

Responsible for internal audits of energy trading and risk management, acquisitions, divestitures and other corporate functions.

Developed integration review of $800M acquisition of oil-field services and E&P company. Responsible for ensuring the new company was properly brought on board and met internal procedures.

Managed the design, development, and documentation of processes and procedures for reporting on Entity–Wide COSO elements for Sarbanes–Oxley 404 compliance.

08/02 – 05/04 Spinel Capital, LLC – Houston, TX Co-founder/Partner

Developed due diligence process and value creation plan for portfolio companies.

05/01 – 08/02 Calpine Corporation – Houston, TX Derivatives Accounting Supervisor

Supervised and managed the daily accounting hedging activities of the entire Calpine plant portfolio.

09/98 – 05/01 Deloitte and Touche, LLP – Houston, TX Senior Auditor

Developed the FASB 133 derivatives module of the trading system used by Calpine Corporation and other energy trading companies.

EDUCATION

University of Mississippi – Oxford, MS – Master’s of Taxation

University of Mississippi – Oxford, MS – Bachelor’s of Accountancy

CERTIFICATION

Licensed Certified Public Accountant in Texas. License number: 088665

Transportation Workers Identification Credential (TWIC) application in process

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