Senior Level Accounting and Finance Professional

Jonathan A. Spencer, CPA*, CMA*

*** ******* ****, ****, ** 07717 732-***-**** **********@*****.*** PROVEN BUSINESS LEADER – EXPERIENCED FINANCE AND ACCOUNTING PROFESSIONAL EXPERIENCE & ACCOMPLISHMENTS

Perfume Spot - (September 2021-present) – $45M E-Commerce Retailer CFO – reporting to CEO

Hired after PE Acquisition in June 2021 to professionalize the Finance and Accounting Functions

Initial focus post-acquisition was getting GAAP compliant and successfully passing YE Audit

Direct the Accounting, Finance, Reporting, Budgeting, Forecasting, Planning, Internal Control, Compliance, Treasury, Tax, Audit, Risk Management, Investor Relations, and HR

Led company successfully through first Financial Statement Audit including stub and full year

Developed company’s first 15 month Rolling Forecast and Budgeting process

Developed company’s first Employee Manual

Developed Quarterly reporting packs for Investors and Board Meetings

Led company successfully through first annual audited physical inventory count

Streamlined many manual processes, leading to closing the books in 2 days / other efficiencies

Performed various financial analyses leading to reduced DSO and inventory levels / DIO

Negotiating with banks to renew Term Loans and Revolver facilities Contract Roles – 2019-2021

Crane Electronics - (2011-April 2019) – $50M Electronics Manufacturer / $3B Parent Controller / Site CFO – reporting to Group Controller

Directed the Accounting, Reporting, Budgeting, Forecasting, Planning, Internal Control, and Compliance functions while supporting Corp. Treasury, Tax, Audit, Risk Management, and Gov’t Contracting Cost and Pricing activities

Initial focus on improving systems, compliance, and corporate reporting post acquisition

Reduced SOX compliance issues from 24 major to 2 minor findings

Improved closing procedures leading to 2 day reduction and improved reporting and analysis

Led initiative to clean up E&O inventory from >1MM to under 600k and prevent future growth

Initiated cycle counting program to reduce shrink, improve accuracy and avoid physical inventory

Developed Cost database to enhance LTC Program accounting and PMO alignment

Improved RMA process to reduce turnaround time from 3 months to 7 days

Developed Labor reporting which led to increased utilization, absorption, and productivity

Led several productivity and cost savings initiatives saving >$200k annually

Approaching Tool Champion Status for Transactional Process Improvement Lean tool Cora International - (2008 to 2011) - $200MM Diamond Manufacturer/Wholesaler CFO – reporting to COO/Partner

Directed the Accounting, Reporting, Budgeting, Forecasting, Planning, Internal Control, Compliance, Treasury, Tax, Audit, Insurance, Finance, and HR/PR functions

Integrated Foreign Acquisition into Accounting and Banking systems

Integrated disparate reporting/inventory systems eliminating redundancies

Developed extensive Sales and Inventory reporting and analyses providing product and customer profitability and tools for managing the production cycle and increasing cash Stull Technologies - (2004 to 2008) - $25MM Injection Molder/Manufacturer CFO – reporting to CEO

Responsible for Accounting, Reporting, Budgeting, Forecasting, Planning, Internal Control, Treasury, Tax, Audit, Insurance, Finance, and HR

Converted company to Standard Cost accounting enabling greatly improved analytics

Initiated the refinancing and new sourcing for Equipment and Revolver facilities of >$10M

Designed Project Cost Model providing an accurate and broader basis for assessments

Led development of Policy and “Stages and Gates” for New Project Development Alpha Metals - (2002 to 2004) - $120MM Electronics Manufacturer / $3B UK Parent Controller – reporting to VP Finance

Responsible for Reporting, Budgeting, Forecasting, Internal Control & Auditor relations

Managed Cost, General, AP, PR, Cash & F/A, Consolidations, and Inter-company / International accounting with professional staff of 12

Lead Project to consolidate US wide Lease and Sales & Use tax operations

Lead initial Sarbanes-Oxley-inspired initiatives throughout company Dialight Corp. - (1996-2002) - $120MM Electronics Manufacturer / $250MM UK parent Controller – reporting to CFO/VP Finance

Responsible for Reporting, Budgeting, Forecasting, Internal Control & Auditor relations

Managed Cost, General, AP, AR, Cash & F/A accounting with professional staff of 10

Implemented new Financial System (GL, AR, AP, Reporting) with interface to ERP

Developed forecasting model and process to include manager inputs and timely rollups

Initiated Safety Stock program including customer forecast inputs and MRP process revisions

Developed Current Cost program to assist Sales and Marketing in making pricing decisions VP Finance (Interim - for parent company acquisition) – reporting to Parent CFO

Selected by parent CFO to audit and assimilate new acquisition

Tasked to evaluate and implement changes as to Internal Controls, Policies and Procedures, Budgeting, Forecasting, Management reporting, Banking, Cash Management, MIS/Y2K, Cost and Financial systems, and Inventory control Manager of Business Planning and Analysis – reporting to Controller

Led and facilitated company-wide Budgeting, Forecasting, and Planning

Analyzed product sales and profitability and new product development models

Analyzed and investigated factory variances and SG&A variances

Automated and integrated all company internal, external, and statutory reporting Hayward Industries - (1993-1996)-$500MM Consumer and Industrial Products Manufacturer Assistant Corporate Controller – reporting to Corporate Controller/Treasurer Rumson Laboratories - (1989-1993) – Consumer Products Manufacturer Accounting Manager/Accounting Supervisor/Staff Accountant SKILLS & APTITUDES

Proficient with software such as Excel, Access, Word, Power Point, Hyperion, Crystal, FRx, Showcase, Monarch, and other top shelf business software

Hands-on experience, and broad, deep expertise with ERP systems – Epicore Vantage, JD Edwards, Computer Associates, MAPICS, Peoplesoft, Great Plains, Peachtree, Realworld, QuickBooks

EDUCATION & CERTIFICATIONS

Certified Public Accountant (*CPA – currently inactive)

Certified Management Accountant (*CMA – currently inactive)

Bachelor of Science – Business Administration/Accounting Concentration - Monmouth College

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