Financial Reporting Client Service

Joshua Hyman, CFA, CPA

Wilmington, DE, *****

(m) 302-***-**** (e) ***********@*****.*** https://www.linkedin.com/in/joshua-s-hyman/

Executive Summary

With 12 years in client service and finance consulting experience, primarily serving industrial, life sciences and healthcare clients, I had led teams through complex finance integrations an separation transaction, guided clients on their journey from privately held to publicly traded, and advised clients through buy-side and sell-side diligence, along technical accounting and financial reporting matters.

Lead finance/accounting advisor 120+ person deal team for global life science company and their $4.2B stock and asset sale, leading financial reporting separation services workstreams

Lead finance advisor for $320M SPAC IPO of global med-tech company

Led 6-person finance integration team for healthcare provider’s $2.4B acquisition of three hospitals and affiliated physician practice groups

Facilitated 4-day IPO readiness workshop for global med-tech company and lead efforts in the 6 months pre-IPO prioritize and close successfully the ~35 gaps identified

Partnered with global CRO providing finance advisory services through their journey of six M&A transactions in 2022, ranging from $40M asset acquisition to $270M stock merger

Led 4-person finance integration services for biotech company $220M stock and asset acquisition of gene therapy and auditory program

Professional Experience

Deloitte & Touché, LLP – Advisory Senior Manager - M&A Transaction Services (Mar-21 – Present)

Lead teams of up to 20 in providing M&A transaction advisory services for Fortune 100 clients in the life sciences and healthcare industry

oManaged finance separation and Day 1 readiness projects for med-techs divestitures, including preparation of carve-out financial statements and required footnote disclosures, advising on treatment of held-for-sale and one-time accounting entries for transaction gain /loss, preparing support for discontinued operations and related footnote disclosures, and designing net cash settlement process while client was operating under shared ledger environment during transition services agreement (TSA)

oManaged finance integration and Day 1 readiness projects for healthcare providers, med-tech and biotech acquisitions including, estimation for post-close working capital levels, harmonization of accounting policies, mapping chart of account, draft finance areas of TSA, streamlining and accelerating quarterly closing process, aligning key signing and approval authorities

oProvided financial advisory services for SPAC and IPO transactions of global robotic and rehabilitation solution provider, skincare manufacturer, biotech, and senior care provider companies, including:

Prepared of public company readiness gap assessment and led in-person workshops to prioritize transformation efforts before going public

Prepared of SEC reporting requirements for Forms S-1, S-4 and Super 8-K including proforma financial information management discussion & analysis, and coordinated responses to SEC comments

Prepared PCAOB compliant carveout/uplifted financial statements and footnote disclosures

oProvided financial advisory support during business combination including preparation of purchase accounting opening balance sheet and accounting entries, drafting footnote disclosure requirements, and preparation of accounting position papers to support the conclusion of asset sale v. business combination for both US GAAP and SEC reporting purposes

oManaged both buy and sell-side financial due diligence engagements for pharmacy benefit managers, healthcare providers, and med-tech companies encompassing the development of deal databook, leading management discussions, management agenda’s and exhibits, and diligence deliverable report

oPrepared accounting integration and separation playbooks detailing necessary knowledge, best practices, and consideration points to help streamline future M&A transaction planning, readiness, and execution

oDrafted technical accounting position papers and implemented adoption of accounting standard for ASC 842 (Leases) and ASC 325 (CECL), ASC 470 (Debt modification), and ASC718 (Equity compensation awards), and ASC 805 (Business combinations)

oInterim financial controller for regional healthcare system located in Delaware

oLed 11-person staff for three quarters and through month-end close post-ERP implementation of the Workday Financial application

oPrepared consolidated financial statements and footnote disclosures while leading team through 2021 financial statement audit and resolution of prior year auditor corrective actions

oDrafted technical accounting position papers and implemented adoption of accounting standard for ASC 842 (Leases), and ASC 321 and 323 (Equity interests)

oDeveloped financial and patient statistical dashboard used to streamline review of periodic results and support the preparation of executive reporting and MD&A

The Siegfried Group, LLP - Accounting Manager (Mar-18 – Mar21)

Dupont EI Nemours, Inc. – Special Transactions Accounting / Accounting Consolidations

Supported special transaction accounting including business combinations, spin-offs, divestitures and internal system migrations

For the 2021 International Flavors & Fragrances, Inc. split-off, developed opening balance sheet file and coordinate global write-off for balance sheet and P&L

Prepare gain loss analysis for divestiture transactions and prepared held-for-sale accounting entries

Supported the SAP system de-consolidation of Danisco Nutrition & Bioscience’s 60+ legal entities subledgers

For the 2019 spin-off of Dow Chemical Co. and Corteva, Inc., support the system migration of employee stock compensation awards, developed model to validate calculation of pre-spin and post-spin award values, and drafted required footnote disclosure for quarterly and annual filings

Clarivate Analytics – Financial Reporting / Accounting Consolidations

Developed financial model and management reporting process for the company’s global order-to-cash process, resulting in reduction of the year-over-year 90+ day A/R position by over 18% and 22% the first quarters following implementation

Partnered with global treasury and tax teams to conduct cross-jurisdictional intercompany clean-up of AR and AP, utilizing transfer pricing tax invoices

Basin Holdings – Accounting Consolidations

Restructured accounting master data and executed accounting system migration of 10+ legal entities into a single ERP

Developed financial reporting tool to monitor business unit performance, measure cash burn of underperforming segment, and contribute to monthly internal management reporting routines

Bank of America Corporation – CCAR/DFAST Audit Supervisor (Oct-16 – Mar-18)

oManaged internal audits of the bank’s Comprehensive Capital Analysis and Review (CCAR) / Dodd-Frank Act Stress Test (DFAST) stress forecasting processes; including operational/legal risk, securities-based lending, consumer-vehicle lending, deposit overdraft, and DTA/tax estimating

Gunnip & Co., LLP - Audit Staff/Senior (Jan-13 – Oct-16)

Audit senior and team leader supporting private company audit and assurance engagements for business in investment management, industrial and transportation, state and local government funds, and non-profit organizations

Provided end-to-end general ledger accounting services for privately-held investment management partnership with approximately $750 million in assets under management; compiled U.S. GAAP financial statements and prepared tax provision support

Other Experience

C&H Real Estate Investments, LLC – Owner and Manager (Mar18 – Present)

Founded, scaled, and manage 50+ unit private residential multi-family real estate portfolio

Developed Microsoft Excel-based financial models to conduct market analysis, financial due diligence, and valuation (eg, discounted cash flows sensitivity analysis) on potential investment opportunities, along with ongoing monitoring of asset performance, monthly cash flow forecasting and debt covenant compliance, and evaluation of holding period

Manage finance function including, capital structuring, financial planning & analysis (FP&A), working capital management, insurance and risk management, accounting, financial reporting, and tax

Oversee all third-party property management services regarding lease administration, tenant relations, asset maintenance, and vendor management

Cowan Chiropractic & Rehabilitation, LLC – Finance Manager (Mar17 – Present)

Finance manager for a local full-service Chiropractic & Rehabilitation practice responsible for operational finance activities such as, payroll administration, accounting, financial and debt covenant compliance, tax and working capital management

Provide property management services for the 27,000 sq ft owner-occupied commercial office building, including capital budgeting, rent collection, lease administration, and evaluation triple net lease reimbursement rates

Education

University of Delaware, Newark, DE; Bachelor of Science, Accounting (2008 - 2012)

Chartered Financial Analyst (CFA) (2021 – Present)

Certified Public Accountant (CPA) licensed in the States of DE and PA (2016 – Present)

Microsoft Office Excel 2016 Specialist, Tableau Desktop Specialist, and Alteryx Core Designer

Advance skills in the following financial applications: SAP, BPC, Hyperion, JDE, Oracle, NetSuite, Blackline, Workday Financial, Alteryx, Tableau, Workiva, Donnelly Financial Solutions, and QuickBooks

Personal

Former collegiate swimmer and US Swimming Olympic Trials qualifier, and current open water swimmer

Volunteer and contribute to Salesianum School Alumni Association

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