Warren Binderman, CPA
**** ******** ***, *******, ** 30350
(C) 678-***-**** adjmpn@r.postjobfree.com
Seasoned Chief Financial Officer and Certified Public Accountant with 30+ years of experience managing GAAP accounting, finance, operations, legal, healthcare and real estate transactions with company values of between $5 million and multi-billion (Fortune 1000) companies. Proven track record growing current company from start-up to 800+ employees through a combination of organic and acquisition growth. Experience managing dozens of debt/PE/hedge fund and IPO capital raises totaling in excess of $2 billion. Expert negotiator and team leader. Ability to bring financial statements to life for investors, Boards and CEO/COO in order to achieve business results.
CORE COMPETENCIES:
Active Certified Public Accountant (CPA) in GA and MD
In-depth knowledge of GAAP and GAAS rules
Preparation of all GAAP financial statements monthly, quarterly and annually
Exceptional analytical skills
Collaborating with Investment Banks, Private Equity firms, and Hedge Funds to raise capital
Team Leadership/Direct Report Management
Entrepreneurial approach to all issues
Oral and written communication skills
Collaborating with all levels from investors, bankers, and C-Suite executives through junior staff
P/L Modeling, Budgeting and Forecasting
Translating strategic thinking into actionable project plan
EXPERIENCE
2015-present
LifeBrite Companies LLC (> $100 million valuation)
Chief Financial Officer and Board Member
Manage accounting (GAAP), finance and operations for multiple Companies under LifeBrite, including:
ofull service national reference lab performing a variety of lab testing (i.e. COVID, toxicology, women’s health, blood, CCM (chronic care management), etc.)
oTwo full service critical access hospitals (Georgia and North Carolina)
oOne ambulatory surgical center (North Carolina)
oOver 10 physician practices throughout the Georgia, North Carolina and South Carolina territories
oReal estate management company
oOverall corporate management company
oPersonal business, tax and accounting matters for CEO and family office.
Collaborated with CEO/COO and other stakeholders to grow company from start-up to 800 employees through a combination of organic growth and acquisition; recognized by Atlanta Business Chronicle as fastest growing healthcare company in 2017 and 2018; Also recognized by Association for Corporate Growth for 2018.
Lead capital market raises; manage relationships with investment banks, hedge funds, and private equity firms to raise $3MM to $20MM per transaction; cumulative raises total $60MM+
Established internal controls for company to facilitate growth from $4MM to TTM revenue of $250MM
Collaborate with principles of target companies and outside legal counsel and manage due diligence for all M&A transactions
Led acquisition of corporate assets totaling $100MM including real estate and corporate jet
Manage team of over 20 direct/indirect reports
Atlanta, GA
2014-2017
Legend Oil and Gas, LTD. / Maxxon Energy
Chief Executive Officer / Chief Financial Officer/Board Member
Transformed oil drilling company into oil transportation company; collaborated with Board of Directors to develop acquisition and disposition strategies
Computed potential well construction costs and percentage of completion of well construction
Executed acquisitions and dispositions of business lines and various assets
Performed detailed financial analysis for Board and investors
Performed technical analysis and development of all SEC documents, including 10-Q, 10-K and 8-Ks, and well as Offering Statements
Worked closely with auditors on all accounting matters
Grew company from 8 employees/contractors to over 100 within 2 years
Operated and oversaw liquidation of company assets when oil prices plummeted below $30/bbl.
North Dakota, Colorado, New Mexico, Texas, Atlanta
2007-current
Binderman Group, LLC
Chief Executive Officer / Sole Member
Perform external audits in accordance with applicable audit standards
Provide expert testimony and consulting on complex business matters, including litigation support, financial due diligence and all related reporting
Researching complex financial matters for corporations and legal counsel
Testify as to US GAAP and US GAAS, as well as fraud
Provide financial due diligence principally on targets, representing buyers such as investors, PE firms, and strategic buyers
Consult on SOX and serve as “on-call” CFO and COO for several companies
Analyze corporate accounting policies for compliance with US GAAP and write white papers on appropriate treatment
Evaluate accounting for revenue recognition related to software (SOP 97-2), SAB’s and other revenue recognition criteria
Evaluate and provide research to clients on accounting for complex joint ventures, consolidated and non-consolidated subsidiaries, synthetic and other leasing transactions, capitalization, depreciation and amortization, and other accounting matters to ensure compliance with US GAAP and, where applicable, SEC requirements
Perform business development
Recruit and manage staff, training, analysis, research and selection of software tools for audit and consulting practice.
Atlanta
2010-2011
1999-2001
KPMG LLP
Senior Manager/Director
Performed “deal services” (Transaction Advisory Services and CFO Services)
Major included Citrix Systems, Inc.; The Clorox Company; Marriott Corporation and Marriott International; Bytemobile, Inc.; AppDNA; several confidential companies
Served clients internationally, including England, South America, and Asia, performing due diligence on US based and foreign targets
Perform financial and operational due diligence on targets for corporate and private equity clients including Carlysle Group, Blackstone and Black Rock, as well as many smaller PE firms
Served and have served over 50 technology and related entities with software revenue recognition complexities associated with SOP 97-2 and related EITF’s.
Performed accounting advisory services and technical research for clients in complex accounting matters, including revenue recognition, leases, accruals, inventory build-up and valuations and purchase price adjustments.
Reviewed software licensing agreements as part of pre and post acquisition work, to determine appropriate revenue recognition and deferred revenue amounts. (In post-acquisition, have structured “haircuts” to deferred revenue due to purchase accounting valuation adjustments.
Performed post-acquisition financial and operating integration, such as accounting advisory assistance, account mapping strategies and other post-closing support, as needed.
Analyzed balance sheet and income statement details; perform fluctuation analysis of budget-to-actual, actual-to-rolling forecast and ultimately report on results in detailed written report.
Provided advisory services to clients on “deal breakers” including but not limited to quality of earnings, working capital structure, net debt, cash flow requirements and cash burn rates.
Evaluated purchase price adjustments relating to working capital and “earn outs.”
Analyzed and commented on stock and asset purchase agreements to assist in developing structure to determine if acquisition or sale should be an asset or stock deal.
Analyzed post deal valuation models and “haircuts” to balance sheet accounts. Post-acquisition CFO for several companies including a $1 billion portfolio company of Goldman Sachs Private Equity Fund.
Atlanta, New York
1990-2006
Arthur Andersen LLP, KPMG LLP, sPs Consulting, LLC, UHY LLP
Washington, DC, Baltimore, New York, NY
Worked with International CPA/Consulting firms for over 15 years
Served I full spectrum of positions, from Staff through Partner/Managing Director/Owner
Performed various audit, consulting and accounting services for small businesses through Fortune 500 companies
Further details available upon request.
EDUCATION
December 1990
UNIVERSITY OF MARYLAND
Bachelor of Arts in Business, magna cum laude,
Major in Business and Finance
Honors: Beta Alpha Psi, President and Treasurer
College Park, Maryland
SKILLS
Proficient in GAAP accounting, including technical research; GAAS, audit standards for both publicly held and private companies; PCAOB Standards; Single Audit and OMB Circular A-133; Microsoft Office