Senior Accounting and Finance Leader

PATRICK BARNETTE

*** ****** *** **; New York, NY 10012 · 617-***-****

**********@*****.*** · https://www.linkedin.com/in/patrick-barnette-2a2601/

An analytical, results-oriented professional with proven success in global financial leadership in the manufacturing, retail, biopharmaceutical, consumer products, and energy industries; possessing extensive experience in inventory, cost accounting, intercompany accounting, revenue accounting, and financial planning and analysis

EXPERIENCE

2019-CURRENT

REVENUE ACCOUNTING, Terraform power

new york, ny

Responsible for revenue recognition, AR, and associated analysis and reporting for wind-energy assets of leading renewable energy company

With colleagues, implemented streamlined inter-company accounting for REC-related cash movements, increasing frequency in support of minimizing borrowing needs to fund distributions

Developed revenue accrual processes to facilitate expedited close calendar

Created models to validate market revenue received from ISOs, including reconciling wheeling transactions, improving SOX compliance

Consolidated and rationalized SOX controls to simplify testing and increase compliance

Collaboratively improved reporting of generation data to ensure consistency between reporting and revenue

Key lead in scoping, testing, and implementing automated data acquisition and invoicing systems

2019

CONTROLLER (INTERIM), Flow International corp.

kent, WA

Interim controller for a $100M+ manufacturer of material cutting equipment, leading a team of professionals and responsible for all aspects of the financial close and associated reporting

Improved cash flow forecasting accuracy and developed tools to understand and prioritize disbursements

Streamlined revenue recognition calculation, cutting time to close by two days

Successfully led lender audit activities and annual budget process

2018

ACCOUNTING CONSULTANT, various

Seattle, WA

Performed P2P Cycle gap analysis for specialty food manufacturer and developed processes to improve inventory accuracy for packaging materials for specialty food manufacturer

Month-end close support (journal entries, reconciliations, etc.) for aerospace products firm

2017 – 2018

DIRECTOR, INVENTORY & WHOLESALE ACCOUNTING, gymboree group

San francisco, ca

Led team of finance professionals performing all aspects of wholesale (AR & Revenue) and inventory accounting for a high-quality specialty retailer

Streamlined inventory reporting to lenders and integrated with internal reporting needs

Finance lead for high visibility project to reduce inventory discrepancies and facilitate product architecture changes

Implemented fresh start accounting for inventory and wholesale AR as part of company’s emergence from bankruptcy

2016 – 2017

DIRECTOR, INVENTORY & REVENUE ACCOUNTING, Just, Inc.

San francisco, ca

Led team of finance professionals performing all aspects of revenue accounting, accounts receivable, and inventory accounting for growing consumer products company

Created product line and overall gross margin analysis and reporting, directly impacting product line decisions

Implemented full accrual accounting for gross-to-net items, improving visibility, reducing volatility, and facilitating forecasting for total dilution of approximately 40%

Developed and implemented returns reserve accounting, eliminating need for revenue deferral

Developed methodology for calculating reserve for lower of cost or net realizable value

Transitioned inventory valuation system from actual costing to standard costing

2012 – 2016

ASSOCIATE DIRECTOR, INVENTORY ACCOUNTING, biogen, Inc.

cambridge, ma

Led multinational team of finance professionals across three sites performing all aspects of inventory/cost accounting and associated financial planning and analysis for over $900M in inventory

Primary accounting owner for seven new product launches, including establishing joint venture accounting for biosimilar products

Worked across organizations to ensure product flows were optimized for supply and tax strategies, and that accounting was consistent with GAAP in the US and other jurisdictions

Developed process for assessment of excess, obsolete, or non-compliant inventory in close cooperation with supply chain planning and quality personnel, including presenting recommendations to senior operational and financial executives

Served as primary accounting and finance owner for company-wide Oracle R12 upgrade and redesign of supply chain processes, including design, testing, and implementation

Forecasted and budgeted for $600M in global product COGS for all Biogen products worldwide

Global company lead for all internal and external audits related to inventory, COGS, and production costs and capitalizations; Global S-OX owner for production/inventory cycle

2009 – 2012

SENIOR MANAGER, SITE FINANCE, biogen, Inc.

Hillerød, DK

Led multicultural team of finance professionals providing full range of accounting and FP&A support for a growing site providing biologic drug substance manufacturing and labeling and packaging

Collaborated across organizations to bring an $800M biologics manufacturing facility into service

Reorganized finance team and managed accounting impacts of larger site restructuring

Redeveloped reimbursement model for Denmark manufacturing site – critical and highly visible due to significant prior miscalculations and to ensure US and Danish tax compliance

Lead for all audit and S-OX processes for US parent and all Danish statutory filings

2006 – 2009

MANAGER, INVENTORY ACCOUNTING, biogen, Inc.

Hillerød, DK & Zug, CH

Led inventory accounting transition related to relocation of foreign principal, including primary responsibility for new warehouse structure design and overall financial transition

Transitioned ex-US inventory costing system in Oracle Process Manufacturing from transfer price to standard cost, supporting management reporting and minimizing risk to financial statements

Managed transition of primary ex-US label and pack facility from Netherlands to Denmark, including complete overhaul of inventory costing models

Provided financial planning and analysis, including budgeting and budget-to-actual analyses for label and packaging operations and contract manufacturing organizations

2005 – 2006

SENIOR ANALYST, INVENTORY ACCOUNTING, biogen, Inc.

cambridge, ma

2001 – 2005

SENIOR ACCOUNTANT, MATERION TECHNICAL MATERIALS

lincoln, ri

1997 – 1999

AUDIT STAFF, pricewaterhousecoopers

boston, ma

EDUCATION

1999 – 2000

GRADUATE STUDIES, brown university

Graduate coursework in Political Science

1997

COOPERS & LYBRAND ACCOUNTING ACADEMY, univ. of southerN california

Graduate level coursework in accounting and auditing

1993 – 1997

BACHELOR OF ARTS, tufts university

Major: Quantitative Economics; Minor: History

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