CFO, Controller, VP Finance

Jeff Ritchey, CFA

714-***-**** ****.*******@*******.*** www.linkedin.com/in/jeffritchey

Financial leadership of High-Growth Technology Companies

Operational Excellence Beyond the Basics; Enabling Business Growth

Clean Reporting, Audits & Infrastructure~ Financial Planning & Analysis

Banking & Cash Management ~ Costing & Pricing ~ New Business Development

Detailed Financial Modelling ~ Family Owned, Public, Private Equity ~ International

Mergers & Acquisitions ~ E-Commerce, Service, Manufacturing, CPG & Distribution

Financial Stewardship with Integrity ~ Thrives Supporting New Business Opportunities ~ Creates Possibilities

JMG Security Inc, Fountain Valley, Ca 2020 - 2025

Controller

$25+ million revenue, family-owned security system installation and monitoring company to large businesses.

Accelerated culture transformation with improved actionable, operationally oriented reporting.

Improved profitability by 2.5%, Reduced inventory by 27 days, accelerating cash flow.

Restructured department headcount for better process flow and backup with 20% lower cost

Improved receivables collections by reducing DSO 33%, increasing cash balances by over $1,200,000.

Developed relationships with major customers with personalized service, creating space for revenue growth meeting or exceeding targets.

Simplified banking structure to maximize interest income and easier reconciliations.

Dastmalchi LLC, Irvine, Ca 2016 - 2020

Senior Vice President and Controller

$35+ million revenue, privately owned e-commerce company providing health and beauty lifestyle products.

Identified over $3 million in prior year adjustments, supported over $2 million in savings.

Improved use and accuracy of Netsuite ERP system processing over 40,000 sales transactions/month.

Reduced monthly close from 35+ to 5 days. Auditor reviews completed in 2 days with no adjustments.

Completed company’s first ever bank financing establishing a $1.5 million credit line.

Formalized accurate KPI’s, financial metrics, cash and sales forecasting processes.

Bonert’s Inc., Santa Ana, Ca 2015 - 2016

CFO

$60 million revenue, family-owned manufacturer of bakery products (pies) for major food retailers.

Expanded credit line, and improved cash flow management and department staffing to offset effects of seasonal annual business cycle and abnormal commodity price increases.

Strategic pricing review to increase margins by 3 points, efficiencies identified to save over $1 million.

On-site support for company assets and associated real estate sale.

Coast Sign Inc, Anaheim, Ca 2011 - 2015

CFO

$35 million revenue, family-owned manufacturer of business signage for major nationwide clients.

Improved the company’s financial processes and introduced operational and financial KPI’s.

Identified cost savings that reduced breakeven point by over 25% in less than 12 months.

Managed cash, banking and vendor relationships to free up over $500,000 cash.

Replaced prior credit facility to add 25% greater capacity and reduced costs by over 20%.

AuraSound Inc, Irvine, Ca 2011

Senior Vice President of Finance

$70 million revenue, NASDAQ public designer, manufacturer and distributor of speakers and soundbars.

Filed first and only audited and SOX compliant 10-K in company history, unchallenged by the SEC

Renegotiated credit facility that doubled availability with lower fees

Pro-DEX (NASDAQ; PDEX), Irvine, Ca 2001 - 2010

CFO, VP, Treasurer & Secretary, Interim CEO – 2008

$23 million revenue public medical device engineering and manufacturing company, with related operations in motion control products and small motor manufacturing.

Promoted to Corporate CFO within a year of hire as controller.

Leader of all financial activities including internal and SEC reporting, banking, cost accounting, receivables, payables, financial planning and analysis, SOX compliance, investor relations, tax, IT, HR and insurance.

Established key performance metrics which led to actions that improved free cash flow by over $2 million.

Sourced and negotiated all credit agreements, including favorable agreements in times of covenant breach.

Authored SEC filings (8K’s, 10Q’s, 10K’s).

Completed and integrated two acquisitions.

Restructured three accounting locations to one; implemented over $1 million in annual expense reductions.

Selected and installed a new ERP system (Made 2 Manage).

Tycom Corporation, Irvine, Ca 1997 - 2001

Sales Controller and Finance Director

$90 million revenue private equity (Windward Capital) funded precision cutting tool manufacturing company

Directed the financial analysis, cash flow management, forecasting, receivable and banking functions.

Prepared all analysis with investment bank supporting the company sale to Kyocera.

GM Hughes Electronics Corporation (GMHE), Los Angeles, Ca 1990 - 1997

$16 billion revenue publicly traded conglomerate with interests in aerospace and defense, telecommunications and auto parts..

Hughes Space and Communications Company - Commercial and military satellite sales

Led the new business development financial activities for satellite system sales including product costing and pricing, customer financing, proposal preparation for contracts valued up to $500 million.

DIRECTV International Inc. - Direct to home broadcast television services provider, originally a division of Hughes Communications

Developed business plans and acquisitions strategies for worldwide Direct-to-Home pay TV.

Prepared the financial analysis for the $600 million financing and start-up of DIRECTV Japan.

Hughes Communications Inc. - Satellite launch and transponder lease division

Managed finances for launch vehicle acquisition group with a total budget of over $250 million

Corporate (GMHE) Financial Planning and Treasury – Corporate finance team for entire company

Completed valuations, developed key indicators and provided support for major capital investments, new business development, acquisitions, divestitures and a secondary public stock offering.

Trident Data Systems, Los Angeles, Ca 1987 - 1990

A privately held computer and security services firm serving the U.S. government and aerospace markets.

Completed and implemented a new DCAA compliant labor cost accounting system.

Education

Chartered Financial Analyst (CFA) designation 1992

University of Arizona, Tucson, AZ

M. S. Finance 1987

B. S. Finance & B. S. Economics 1985

Software

Advanced Excel

ERP’s – Sedona, Netsuite, MAS 100, MAS 500

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