Financial Reporting Sec

ERLE HATCH, CPA & MBA

Bonita Springs, FL 239-***-**** *********@****.*** https://www.linkedin.com/in/erle-hatch-cpa-mba-2745882

Accounting Leader

Strategic finance leader with deep expertise in financial operations, public company reporting, and M&A execution across both corporate and private equity environments. Proven track record of managing high-performing teams to deliver accurate, timely financial statements and operational metrics within complex organizational structures. Adept in US GAAP with strong technical accounting skills, including research and implementation of new standards for SEC compliance, complex consolidations, foreign currency, and transfer pricing. Experienced in buy- and sell-side due diligence, quality of earnings (QoE) and revenue (QoR) analysis, and post-acquisition integration. Brings a rigorous, metrics-driven approach to operational reporting and a relentless focus on excellence in the finance function.

Core Leadership Characteristics and Strengths:

SEC/Statutory Reporting Cross Functional Leadership/Cooperation Audit Management

Due Diligence/M&A Staff Training and Development Process Refinement

Post Acquisition Integration Senior Leadership Support/Guidance Staff Development

Cash Forecasting and modeling Investor Communications/Relations Resource Management

Key Accomplishments:

Aligned Financial Reporting with GAAP: Corrected annual financial statements to ensure full compliance with U.S. GAAP, including revenue recognition, accruals, loan accounting, and other complex reporting areas.

Built Corporate Accounting Function: Led the creation and development of the corporate accounting and consolidation team during the Herc Holdings reverse spin-off from Hertz.

Executed Complex Spin-Off Accounting: Directed and drafted reverse spin-off debt entries and other intricate journal entries, applying advanced GAAP principles throughout the Herc-Hertz separation.

Led ERP & Hyperion Implementations: Spearheaded the successful implementation of two ERP systems and two Hyperion financial planning systems (Fila and Herc), enhancing reporting accuracy and operational efficiency.

Delivered First Financial Reporting Packages: Produced inaugural management financial reporting packages at two prior organizations, establishing foundational reporting processes.

Streamlined Accounting Close Cycles: Refined and accelerated monthly and annual close processes, reducing close timelines from 45 days to as few as 5 days across three prior employers.

Implemented Complex GAAP Standards: Successfully adopted and integrated advanced U.S. GAAP standards, including ASC 606 (revenue recognition), ASC 842 (leases accounting), and others.

Experience

Controller (6 years) – Accounting Close (15 years) – Financial Consolidations of entities (15 years) – US GAAP (15 years) - Corporate strategy (4 years) – Debt Covenant Compliance - SEC reporting (15 years) – Reporting (management and financial reporting - 15 years) – Private Equity (6 years) - ERP implementations (SAP-Oracle-QAD-Intacct) – Team leadership (15 years) – Quality of Earnings (“QoE” - 1 year) – Quality of Revenue (“QoR” – 1 year) – Financial reporting (refinement and preparation) - ESG implementation (two years) - IFRS application (4 years) – Audit Management (external and internal - 10 years) – Data analysis - Treasury and cash management (10 years) – Internal control and policy controls (maintain current SOX controls and internal control policies (including accounting policies) - Insurance and Risk Management (three years) – Global forecasting and budgeting (10 years) – New acquisition integrations (four acquisitions) - Global cost management - SOX controls implementation and improvement (10 years) – Board of Director - relations and presentations (6 years) – Financial, planning and analysis - Tax Return Review and Preparation (5 years) – Artificial Intelligence (AI) integration (1 year training and application)

Controller

Contegix & Valiantys – Remote 2023 to Present Reporting to CFO - Brought on to lead financial transformation, strengthen internal controls, and ensure consistency in U.S. GAAP reporting across two private equity-backed organizations. Spearheaded initiatives to correct financial statements, streamline tax compliance, and enhance operational efficiency.

Key Responsibilities & Achievements

Private Equity Environment: Partnered with CFO to manage PE communications, reporting, divestiture strategy, and executive-level decision support.

Transaction Readiness & Due Diligence: Led Quality of Earnings (QoE) and Quality of Revenue (QoR) engagements, sale audit preparation, and full-scale private equity sale process.

Debt Covenant Compliance: Oversaw monthly and quarterly reporting for line of credit and senior notes, ensuring full covenant adherence.

US GAAP Realignment: Corrected revenue recognition and accruals; shortened close process by over 20 days through process optimization.

Month-End Close Management: Directed G/L and consolidation activities, implemented close checklists, reviewed journal entries, and authored accounting memos to support audit and compliance.

Team Leadership: Mentored and managed a team of 10+ professionals across accounting and finance functions.

Tax Compliance & Resolution: Resolved historical sales and use tax exposures; implemented Avalara for automated compliance and reporting.

Lease Accounting Implementation: Successfully adopted ASC 842, ensuring accurate lease classification and reporting.

Accounts Payable Oversight: Managed vendor relationships, optimized payment cycles, and resolved disputes to maintain cost control and aged payables integrity.

Internal Controls Enhancement: Strengthened control environment across invoicing, AP, audit readiness, management reporting, and board-level communications.

The Arena Group, Inc. - Remote – 2022 to 2023 – Sr. Director Accounting - reported to VP –Accounting and to CAO. Temporary project to bring in house the SEC reporting functions.

Controller

Alico, Inc. – Fort Myers, FL 2018 to 2022 Reported to CFO

Led financial operations for a publicly traded agricultural company, overseeing SEC reporting, monthly close, audit coordination, and SOX compliance. Played a key role in cost management, team leadership, and process optimization.

Key Responsibilities & Achievements

SEC Reporting & Compliance: Managed preparation and filing of Forms 10-Q, 10-K, and other disclosures; led interface with internal teams and external auditors.

SOX Controls Ownership: Maintained and enhanced internal control environment for the accounting function, ensuring full compliance with Sarbanes-Oxley requirements.

Month-End Close & Consolidation: Directed G/L and entity consolidations; implemented close checklists, reviewed journal entries, and authored accounting memos to support audit and reporting.

Cost Reduction Initiatives: Instituted annual cost reviews to identify and eliminate non-beneficial expenses, improving overall financial efficiency.

Team Leadership: Hired, mentored, and led a team of 10+ accounting professionals, fostering a high-performance culture.

Operational Finance: Oversaw collections and payment cycles, ensuring timely cash flow and vendor management.

Tax Review: Conducted annual tax return reviews for four entities, ensuring accuracy and compliance.

Audit Committee Reporting: Presented quarterly financial results and strategic updates to the Audit Committee.

Reporting Optimization: Streamlined quarterly SEC filings and monthly management reporting processes for improved timeliness and clarity.

Director of Consolidations and Financial Reporting

Hertz, Inc. / Herc Rentals, Inc. – Bonita Springs, FL 2014 to 2018 Reported to Group Vice Presidents. Led enterprise-wide financial consolidation and reporting functions during a period of major corporate transformation, including the reverse spin-off of Herc Rentals from Hertz. Oversaw monthly close, financial statement preparation, and audit coordination, while building and managing a high-performing accounting team.

Key Responsibilities & Achievements

Team Leadership: Hired, mentored, and led a team of seven accounting professionals across consolidations and reporting.

Month-End Close Management: Directed G/L and consolidation processes; implemented checklists, desktop procedures, and process improvements to enhance accuracy and timeliness.

Corporate Accruals Oversight: Created and managed all major corporate accruals and accounts, including pension, workers’ compensation, auto insurance, and derivatives.

Reverse Spin-Off Execution:

oBuilt and led the corporate accounting team through the Herc Rentals spin-off from Hertz.

oAccounted for $2.0 billion new debt and associated deferred debt costs

oTransferred and established corporate accruals and accounting processes

SOX Implementation: Led Sarbanes-Oxley compliance efforts for corporate accounting and consolidations during the spin-off transition.

Financial Statement Development: Produced Balance Sheet and P&L statements used in SEC filings; ensured alignment with GAAP and corporate reporting standards.

Quarterly Fluctuation Analysis: Managed variance analysis for consolidated and stand-alone entities, supporting executive decision-making.

System Implementation: Designed and implemented Hyperion HFM, including development of a new chart of accounts and mapping structure.

Arthrex, Inc. – Naples, FL 2009 to 2014 Reported to Group Controller

Led financial reporting, consolidations, and accounting operations for a global medical device manufacturer. Played a pivotal role in implementing structured reporting processes, enhancing internal controls, and driving system modernization.

Key Responsibilities & Achievements

Group Consolidations: Managed a complex three-layered consolidation process across global entities, ensuring accuracy and compliance with U.S. GAAP.

Financial Reporting: Introduced and delivered the first executive-level financial reporting packages for the group.

Accounting Pronouncements: Analyzed and implemented new accounting standards, supporting timely adoption and integration into financial statements.

Month-End Close Management: Directed G/L close activities, including development of checklists, variance analysis, process narratives, and staff training.

Audit Coordination: Served as primary liaison with external auditors; authored annual notes to financial statements used in SEC reporting.

Team Leadership: Built and led the corporate accounting team (3–5 staff); oversaw corporate accruals and treasury operations.

SAP Implementation: Spearheaded SAP rollout, including drafting the first global chart of accounts to support standardized reporting and integration.

Inventory Control: Implemented cycle count procedures to enhance inventory accuracy and operational efficiency.

Financial Reporting Manager

Sonic Innovations, Inc. – Salt Lake City, UT 2006 to 2009 Reported to Group Controller. Managed financial reporting and consolidations for a publicly traded hearing aid manufacturer with global operations. Oversaw SEC filings, stock administration, and treasury functions.

Key Responsibilities & Achievements

Consolidation Management: Directed consolidation of eight subsidiaries across Europe and the Americas.

SEC Reporting: Prepared and filed Forms 10-K, 10-Q, 8-K, and annual shareholder meeting materials.

Board & Executive Reporting: Delivered management reports to top leadership and Board of Directors.

Stock Administration: Administered equity programs including share releases, rewards, and compliance activities.

Treasury Operations: Managed wires, ACH payments, and cash flow activities.

Budgeting: Led preparation of the annual corporate budget.

SEC Reporting Manager

Iomega Corporation, Inc. – Roy, 2005-2006 UT Reported to Group Controller

Led SEC reporting and revenue recognition for a publicly traded data storage company. Played a key role in financial compliance, accounting policy development, and interpretation of complex revenue scenarios.

Key Responsibilities & Achievements

SEC Reporting: Prepared and filed Forms 10-K, 10-Q, and select 8-Ks, ensuring timely and accurate disclosures.

Revenue Recognition: Owned revenue recognition policies and journal entries, including treatment for warranties, channel sales, and bundled offerings.

Accounting Pronouncements: Evaluated and implemented new accounting standards, ensuring compliance and proper financial statement presentation.

Policy Development: Established and maintained accounting policies related to revenue and financial reporting.

Controller – Royalties / Manager, Financial & Statutory Reporting

FILA SPORT / Sport Brands International Ltd. – Biella, Italy 2001 to 2005 Reported to CFO and Director of Administration & Accounting

Directed global financial reporting and royalty management for a multinational apparel brand. Led consolidation of 24 subsidiaries, implemented financial systems, and delivered executive-level reporting and analysis.

Key Responsibilities & Achievements

Global Consolidation: Oversaw monthly and annual consolidation of 24 international subsidiaries using Hyperion; ensured compliance with U.S. GAAP.

System Development: Personally developed and implemented a Hyperion application in USD to streamline global reporting and improve accuracy.

Executive Reporting: Prepared monthly SG&A, inventory, and accounts receivable variance analyses for the Board of Directors and senior leadership.

Audit Interface: Managed relationships with external auditors, ensuring timely and accurate statutory reporting across jurisdictions.

Team Leadership: Supervised a team of two financial analysts; provided mentorship and oversight in reporting and analysis.

Royalty Revenue Management: Directed royalty revenue accounting and reporting, ensuring contract compliance and accurate recognition.

Process Improvement: Led monthly close and reporting processes, enhancing timeliness and transparency of financial data.

Education & Certifications

Certified Public Accountant (CPA) – State of Florida Completed 8 advanced accounting courses to fulfill 150-hour requirement

Master of Business Administration (MBA) University of Phoenix – Salt Lake City, Utah Self-financed education

Bachelor of Arts in Business Management (Accounting Emphasis) Utah Valley State College – Orem, Utah Dean’s List honoree; self-financed education

Technical Skills & Systems Expertise

ERP & Financial Systems: SAP, Oracle, QAD, Intacct, Infor M3, Microsoft Dynamics (Great Plains), AS400, QuickBooks

Financial Planning & Reporting Tools: Hyperion Enterprise 6.0, Hyperion Financial Management (HFM), TM1 (Cognos), RR Donnelley SEC reporting software

Productivity & Data Tools: Microsoft Excel (advanced formulas & macros), Microsoft Office Professional Suite, Windows OS Database management (queries, design, and administration)

IT & Legacy Systems: BC, FoxPro

Languages

English: Native

Italian: Fluent (written and spoken)

German: Fluent (written and spoken)

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