Accounting Manager Finance

Lance E. Pernett

**** *** **** ******

Newbury Park, CA 91320

Phone: 805-***-****

E-mail: *********@*****.***

www.linkedin.com/in/lance-pernett-745902b/

PROFESSIONAL SUMMARY

Financial Controller and recognized finance leader with a deep understanding of GAAP General Accounting, Cost Accounting, Manufacturing, Business Operations, and Financial Planning, Analysis and Reporting. Responsibilities include planning and providing direction for all accounting and financial business functions, manage the accumulation and consolidation of financial data for financial statements, evaluate accounting and internal control policies and systems. Successful history in effective self-management and managing others to meet tight deliverable deadlines, presenting financial results, while also being a team player. Excellent skills in preparing advanced level reviews and clearly explaining analyses and recommendations to key business partners/ stakeholders.

EDUCATION

MBA Degree – Business Management – Pepperdine University, Malibu, CA (Concentration: Finance)

Accredited Bachelors Science Degree – Accounting – University of La Verne, La Verne, CA

Project Management Professional (PMP) and Lean Six Sigma Training

SYSTEM & SOFTWARE SKILLS

Advanced ERP system and software skills within SAP, SAP BI, R-SQL, Peoplesoft, Sage, Deltek Costpoint, Cognos, Hyperion Essbase (HFM), SharePoint, and Microsoft Office Suite (Excel, Access, PowerPoint, Projects, and Word)

Core Competencies:

Cost / General Accounting

ETC / EAC / NPV / ROI

SOX /ICFR Compliance

Leadership / Supervision

Cost Management

B&P / Pricing

Financial Planning /Forecasting & Analysis

Financial & KPI Reporting

Internal/External Audits

ACCOMPLISHMENTS

FY22 successfully managed the accounting integration after acquisition of Flight Microwave with approx. $8M in annual sales into Lucix Corporation books, accounting policies and processes.

FY22 successfully managed the accounting integration after acquisition of Knuckledragger Design with approx. $2M in annual sales into Ramona Research books, accounting policies and processes.

FY19 successfully integrated a Division’s financial operations after merger between L3 Tech & Harris Corp.

FY18 Division lead in implementation of ASC 606 revenue recognition methodology at L3 Technologies

FY21 Division lead in implementation of ASC 842 lease accounting methodology at L3 Technologies

FY01-04 Successfully managed multiple Network capital build projects up to $2M each for AT&T Wireless

FY01-09 Revenue accounting manager successfully managed $3B in annual Revenue over 3 West Coast states.

Lead manager on driving and meeting Budgets, Forecasts, Outlooks within large technology companies

EMPLOYMENT HISTORY

HEICO Corporation

Divisions: Lucix Corp., Flight Microwave, Ramona Research, Mastiff Design Year 2022 to 2023

Position: Financial Controller

(HEICO Corp. is an aerospace and electronics company that focuses on niche markets. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.)

Job Duties:

Division Controller overseeing the general accounting, programs cost accounting, annual budget and forecasting for 4 subsidiaries (Lucix Corp., Flight Microwave, Mastiff Design, and Ramona Research) of HEICO Corporation. this position utilizes critical thinking capabilities, understanding and application of finance principles, concepts, practices, and standard knowledge of industry practices within the aerospace and defense industry. Responsibilities include month end-to-end accounting activities and close, account reconciliations, programs cost accounting, acquisitions accounting, forecasting, financial planning and reporting, Inventory audit, ERP implementation, ASC 606 Revenue recognition, Billing & Collections, Cash management. Monthly & Quarterly metrics and reporting. Other assigned duties: Supervise 3 direct employees and have a dotted line to programs cost financial specialists within multiple companies/locations located within Southern California. This position requires interfacing and conducting business with various functional disciplines (Contracts, Operations, Engineering, Supply Chain Management, etc.) in program development and implementation. this position also requires communicating financial concepts, trends, and variances to middle and senior management. Proactive, creative, and innovative in solving problems and issues. Proven ability to plan and implement daily tasks, excellent history in meeting deadlines, analyzing, providing results, and recommendations / solutions to the HEICO organization. This position requires excellent communication skills both written and oral. Strong computer and presentation skills including a high level of proficiency with MS Office products (Excel, Word, and PowerPoint). This position requires you to be a U.S. Citizen and ability to access to US only data systems and the ability to obtain a security clearance.

Reason for Leaving: I am open to VP of Finance or Director of Finance / succession planned opportunities both internally and externally. Lucix Corp. is experiencing poor financial performance due to production scheduling and contractual issues with customers. The negative financial impact was evident in FY22 and current outlook for FY23.

L3Harris Technologies Inc.

Division: Datron Advanced Technologies Year 2016 to 2022

Position: Senior Accounting Manager

(L3Harris Datron Advanced Technologies manufactures advanced land, sea, and air Radar systems for government and commercial platforms in U.S. and International. (Division: 112 employees, $40-50M) (Corporate:38K employees, $10.5B annual sales)

Job Duties:

80% - Lead and manage the Accounting and Financial Reporting activities for a $50M annual sales Division / Business Unit. Set monthly and quarterly performance goals allocating resources, assessing annual performance and determining individual merit, incentive and/or promotional increases in support of company goals. Oversee all accounting functions, month end closing process, financial statement preparation on a monthly, quarterly and annual basis, property accounting, inventory control and records retention programs. Prepare reports that summarize and forecast company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations. Prepare and maintain Division operating budgets. Additional responsibilities include end-to-end ownership of accounting and finance operations including ETC / EAC / EV reviews and ASC 606 revenue recognition, management of capital, fixed assets, and inventory cycle counts. Prepare and submit annual O/H Actual Rates (ICE) submittal to DCAA. Provide actual versus budget reports to department managers to assist them with the operation of their departments and related cost controls. Interpret and report operating results as they affect the financial aspects of the organization and makes specific recommendations, which will result in cost reduction and profit improvement. Manage monthly account reconciliations and shared service reconciliations. Assure protection for assets of the business through internal controls and internal auditing. Prepare reports required by regulatory agencies. Manage location internal and external audits.

20% - Manage a team of individual contributors. May coordinate activities of various functions including program management, financial management, manufacturing, quality, procurement and contracts. Manage allocation and integration of department resources to meet objectives. Perform hiring and other staffing responsibilities.

Establish and maintain a development plan for direct reports.

Reason for Leaving: My division is moving business operations to Menlo Park, CA searching for local opportunity.

Financial Consultant – Thousand Oaks, CA Jan to Jun 2016

Client: Amgen Inc.

Provide accounting, financial planning & analysis, financial reporting, and project management services to clients

Reason for Leaving: Accepted offer/position with L3Harris Technologies Inc.

Northrop Grumman Inc.

Division: Astro Aerospace, Location: Carpinteria, CA Year 2014 to 2015

Position: Accounting/Finance Manager

(Fortune 500 company that hosts and maintains client servers and applications to government and commercial customers worldwide. 64K employees, $24B in annual sales)

Provide expert accounting support to program managers, operations, and senior leadership

Job Duties:

Accounting Supervisor responsible for month end close, financial statements preparation, provide management support for month end General Accounting operations including A/R, A/P, Fixed Assets, Account Reconciliations, Cash Flow management, Trial Balance reconciliation and Financial Statements preparation. Prepare and submit annual O/H Actual Rates (ICE) submittal to DCAA. Supervise 1 Senior Accountant responsible for A/P, Timekeeping/Payroll, and Accounts Reconciliation.

Manage FP&A operations such as preparation of annual and long range (5yr) Strategic / Financial Plan, Annual Capital plan, Monthly Outlook/Forecast, Variance Analysis, Financial Reporting, KPI and Ad Hoc reporting.

Create and present to senior leadership financial operation reviews highlighting actual results compared to plan and forecast. Advise leadership of revenue and cost drivers to improve performance, cash flow, and profitability

Manage the creation and submission of cost plus and fixed price billing invoices to customer based on contract requirements. Manage all collection activities related to cost plus and fixed price projects billing

Facilitate and prepare audit schedules for internal and external auditors (DCAA). Ensure corporate governance and industry best practices are implemented.

Reason for Leaving: Employees were put on work furlough after James Webb telescope program ended with JPL/NASA no follow-on business/programs were available at the time.

Verizon Inc.

Positions held: Finance Manager / Revenue Manager, Location: Camarillo, CA Year 2004 to 2014

(Fortune 50 company that provides communications, information and data services to consumers, businesses, and governmental agencies worldwide. 179K employees, $121B in annual sales)

Provide senior level accounting support to Engineering, IT, Business Operations, and Senior Leadership

Job Duties:

Provide national support to the Corporate Finance organization in revenue and expense tracking, month end accruals /journal entries, account reconciliation's, month end accounting period closure, cash management, customer invoicing, accounts payable, payroll processing, projects and cost accounting, internal/external audits (E&Y). Support preparation of Quarterly Corporate Financial Reviews. Oversee CPUC and SOX compliance. Revenue Accounting manager responsible for managing $3B revenue billing and financial reporting for multiple states within the west coast region. Supervised 3 non-exempt senior accountants.

Develop annual budgets, monthly forecasts and present financial performance results. Prepare accurate scorecard report packages (KPI) and reviewed results with senior management, monthly & quarterly, Designed and built robust Excel financial spreadsheet models to assist management in making informed strategic decisions, increase productivity and improve profit margins. Accountable for reporting of results and variance analysis. Develop complex business financial models for planning. Create, manage, and reporting of Financial Metrics and present results to Division and Senior Leadership teams. Report financial performance by product line.

Leading / exceeding track record on annual performance reviews

Reason for Leaving: Verizon centralized and relocated all finance and business support operations to Lake Mary, FL

AT&T Wireless

Position: Projects Accounting Manager, Location: Goleta, CA Year 2001 to 2004

(Fortune 500 company the Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, and governmental customers.)

Provide senior level accounting support to Engineering, IT, Business Operations, and Senior Leadership

Job Duties:

50% - Financial Planning & Analysis

Prepared Capital budgets for $500K to $1.5M wireless network build-out in Santa Barbara County and Ventura County. Provided NPV and Cost Breakeven analysis to Corporate and local Operations management. Tracked actuals versus budget during build-out of wireless tower / building projects. Calculated Lease versus Buy scenarios for property purchase or Lease consideration. Provided accurate on-time financial reports to Corporate headquarters located in Redmond, WA and local Operations management.

50% - Accounting Management

Managed the end-to-end accounting for Capital construction (CIP) during wireless project build-out phase. Entered new Capital assets to Capital asset tracking ERP system for depreciation purposes.

Reason for Leaving: When the Wireless network including Towers Construction were completed in Santa Barbara and Ventura counties the company AT&T wanted to relocate our team to Phoenix, AZ for the next build-out. I was offered the ability to transfer or receive severance package. I took the severance package to stay in the local area due to family reasons.

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