FINANCIAL EXECUTIVE/CFO

An experienced Chief Financial Officer with accomplishments in building and automating core financial functions. Guided a large technology company through hyper-growth; the Company increased revenues from $78mm to $570mm in a four-year span on its path toward a successful merger. Accounting, auditing, and financial expertise with a national big four audit firm, second tier public accounting audit firm, consulting firm, and a regional CPA firm. Areas of expertise include:

Financial and Strategic Planning

Complex Business and Tax Issues

SEC Reporting/ 10-K 10-Q S-1

Private Equity/VC

Budgeting and Forecasting Development

Technical Accounting and Financial Operations

Revenue Recognition and Cost Accounting

Equity Funding and M&A Transactions

PROFESSIONAL EXPERIENCE

PHX CFO Services, LLC

Chief Financial Officer May 2021 to Present

Independent Contractor for 10 legal entities providing accounting outsourcing services and CFO advisory services.

Through the identification of performance obligations, corrected and restated an accounting error relating to revenue recognition for $3mm which will assist further deferred taxes for ownership.

Implemented SAP and Fame software to enhance all facets of financial reporting and coordinating efforts with MSSQL programming developer to establish dozens of new financial reports and layouts.

Created efficiencies utilizing many new accounting processes and implementing critical operational policies and internal controls, thereby streamlining timely financial results. Installed monthly reporting with a quick accounting close for seven companies rather than quarterly/annual efforts previously established.

Restructured debt facilities while ensuring proper bank covenant compliance. Implemented investment program to conserve funds which will be required by future tax obligations for the owners, while continuing to invest in our container fleet and rolling stock. Created new 401(k) program and procuring services from 3rd party bankers, insurance agents and carriers.

BC Freightways

Chief Financial Officer Aug 2018 to May 2021

Led companies’ finance initiatives through procuring and administering deals with private equity groups, potential ABL lenders, investors, factors and bankers. Coordinating a conversion of debt to equity with our mezzanine lender, seller lenders and executives. Refinanced bank debt with new capital group and senior lender. Overseeing bank covenant compliance, borrowing base certificates, and collateral requirements. The assets of the Company were sold in February 2021.

Successfully procured funding of $4.2mm under the SBA Paycheck Protection Program forgivable loans. Received first funding within a week of the application submittal for our largest company.

Restructured operational activities which included right sizing strategies by eliminating our inefficient rural routes, repositioning equipment back into our Metro markets, deleting expensive equipment leases, and replacing owner operators with employee-based solutions. Built strong accounting team with some legacy employees and other employees from multiple former employers.

Daniel’s Atlas Moving & Storage, Inc.

Chief Financial Officer April 2015 to Aug 2018

Built financial dashboard utilizing MSSQL. Led automation and efficiencies in accounting, financing, operations, human resources, information technology, financial reporting, pricing, banking, taxation, consolidation, etc. for a top 10 agency of Atlas Van Lines.

Turnaround management. Provided executives and divisional general managers effective and efficient tools and knowledge to improve their top and bottom lines. Efforts resulted in significant EBITDA gains in 2016/2017 after Company suffered losses in 3 previous years.

Cost savings across all corporate platforms. Refinanced mortgages on corporate facilities and renegotiating all insurances by switching from traditional vehicles to join a group captive. Vehicle and equipment leasing and financing strategies.

GlobalTranz Enterprises, Inc.

Interim Chief Financial Officer April 2014 to April 2015

Raised $40mm by completing the Series C transactions: writing legal documents, including investment agreements, schedule of exceptions, Board of Director consents and flow of funds.

Oversight of investors’ due diligence procedures, including accounting, audit, tax, stock ownership, legal, and insurance inquiries from investors’ representatives.

Calculated the price of the preferred and common stock for the transaction, diluted and non-diluted working with law firms and investment partners. Company increased market cap from $100 million to $210 million during Interim CFO tenure. Coordination of stock redemption and issuance to the new shareholders.

Represented company at several board meetings as acting Secretary and Treasurer for both GTZ and 10-4 Systems (subsidiary) during critical period. This included preparing and presenting financial results, budgets, working capital issues, system implementation projects, 409(a) valuations for both companies, subsidiary stock redemption, purchase rights and warrant issues, formation of audit committee, and formation of separate 10-4 System’s Board of Directors.

Approved annual financial statements and management representation letter as lone finance representative in coordination with E&Y audit procedures. Approved and signed Company federal and state tax returns.

Controller, VP July 2011 to April 2014

Revised revenue recognition accounting by identifying performance obligation to the customers and in connection with related carrier costs. Implemented system pinpoint unbilled revenues, deferred revenues, and related accrued carrier costs.

Directed accounting personnel through five annual Big-4 audits without one significant issue resulting in an audit adjustment or proposed audit adjustment. The Company’s growth during this period started at annual revenue of $78 million in 2010 up to current run rates of $570 million. Prepared Monthly Financial Reporting Package for presentation to the BoD, which include budgets, forecasts, metrics and key performance indicators.

Coordinated Research and Development analysis with external tax consultants and Company personnel resulting cost savings in federal and state tax credits of approximately $625 thousand.

Technical accounting issues including revenue recognition, stock compensation expense, internal software capitalization accounting, tax benefit and net operating loss analysis, consolidation and non-controlling interest calculations, restructuring, and spin-off accounting.

Oversight of approximately 50 employees in the General Ledger, Treasury, Accounts Payable, Accounts Receivable, Credit and Collection departments. Set approval threshold and day-to-day duties include customer credit decisions, collection and write-off decisions, cash and vendor payment decisions, agent acquisition approvals, personnel decisions, legal proceedings, insurance renewals, banking line of credit negotiations, and filing of tax returns.

Implemented policies and procedures as well as software automation enhancements to keep ahead of the growth without increasing finance staffing in relative proportions. Identify control weakness and enhanced controls in preparation for SoX compliance in anticipation of an IPO.

BDO Seidman, Phoenix, AZ

Assurance Senior Manager Feb 2010 to July 2011

Led audit and assurance procedures for two 10-K public company filings and related interim 10-Q filings for a Phoenix based client concurrently in bankruptcy proceedings. Opined on client’s internal control assessment through Sox based procedures. Technical accounting areas included revenue recognition, stock compensation expense and fair value accounting on warrants and financial derivatives.

Presented control findings, significant deficiencies, material weaknesses and audit adjustments to the CFO and Board of Directors.

MorganFranklin Corporation, Washington, DC and Phoenix, AZ

Consulting Senior Manager Oct 2006 to Feb 2010

Held Senior management position with national accounting consulting firm, areas of expertise included:

Outsourcing technical accounting expertise for multi-national Telecommunications Company including software capitalization, foreign currency accounting, impairment analysis, consolidation, and spin-off accounting.

Preparing several 10-K and 10-Q SEC filings for a Southern California real estate developer.

Preparing an S-1 for an Initial Public Offering for a Phoenix based Bio-tech Company and represented management in the related audits and review procedures of previous 5 years.

Executing due diligence procedures for buy-side merger and acquisition activities including system integration and identifying synergies of target.

Outsourcing technical accounting expertise for MCI Worldwide’s emergence out of bankruptcy.

PricewaterhouseCoopers, Phoenix AZ

Assurance Manager Jan 2004 to Oct 2006

Led audit and assurance procedures for two 10-K public company filings and related interim 10-Q filings for a Honeywell Aerospace managing an audit team approximately 20 employees. Coincidently, these were the first two years where public companies were required to assess their own internal controls and auditors needed to opine on those controls and management’s assessment.

Technical accounting issues included revenue recognition, restructuring accounting, consolidation and patent infringement legal review and related accounting recognition.

EDUCATION AND CERTIFICATION

Clarkson University, Potsdam, NY, Bachelor of Science, Accounting and Tax

CPA Certificate – AZ Current #13348

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