Controller/CFO

ANTHONY VILLASENOR, CPA

**** *. ******* **** # ***  Glendale, CA 91208

Cell: 818-***-****  ************@***.***

CALIFORNIA CPA | INTERNATIONAL BUSINESS EXPERIENCE | BI-LINGUAL

Insightful and energetic professional with extensive experience in private and public sector companies in the U.S. and abroad. Proven ability to motivate and mentor direct reports and cross-functional teams; implement policies and processes that reduce risk and ensure compliance; and manage complex, strategically important initiatives. Well-respected by colleagues and clients for demonstrating the highest standards of honesty and integrity; excels in all aspects of corporate accounting and finance.

AP & AR  Audits  Budget Forecasting & Planning  Cost & Expense Control  IPOs  Financial Analysis  General Ledger  Mergers & Acquisitions  P&L  Financial Statements  Internal Controls  Reporting  Policy Development  Risk Management  Process Reengineering  Team Leadership  Regulatory Compliance  Cost & Overhead Reductions

PROFESSIONAL EXPERIENCE

YOUBET.COM, Woodland Hills, CA, 2007 to present

E-commerce advance deposit wagering company that also manufactures totalizator machines and develops the software required to run them, with 350 employees and annual revenue of $140 million

DIRECTOR OF COMPLIANCE

Hired to establish the company's compliance function and ensure passage of SOX, operational, regulatory, and licensing audits. Manage two direct reports (Senior Compliance Accountant and Director of Compliance) with matrix management responsibility for other staff as necessary. Lead development, implementation, and documentation of policies, procedures, processes, and controls to reduce exposures and maintain operating license.

 Mitigated corporate risks by initiating a proactive assessment program that identifies and analyzes risks; assesses likelihood of occurrence; and determines required actions.

 Led company through a successful SOX audit in 2007 by refocusing internal efforts on compliance and control. This followed the firm's 2006 SOX audit failure, due in part to the acquisition of a totalizator manufacturing and service company with an informal, entrepreneurial culture.

 Eliminated up to $700,000 in annual SOX audit costs by directing internal initiatives to streamline testing and revise documentation (IT policies and procedures, process narratives, control matrices and test scripts) for all subsidiaries.

SALIBELLO & BRODER, Los Angeles, CA, 2005 to 2007

CPA firm with 120+ employees in New York, NY and Los Angeles, CA

CONSULTING SERVICES MANAGER

Provided consulting services to foreign-owned companies with operations in the U.S. Converted U.S. GAAP financial statements to International Financial Reporting Standards (IFRS) in preparation for upcoming mandatory reporting change. Delivered SOX consulting services; led operational (internal) audits and SOX testing. Drafted process narratives, prepared control matrices and test scripts.

 Managed the firm’s largest audit engagement client, a foreign-owned travel company, with total revenue of $250+ million, as well as the company's largest consulting account, an Australian bank with wholly owned U.S. subsidiaries, primarily in the energy and infrastructure sectors, and total revenues of $2+ billion.

 Improved audit efficiency by 20% with enhanced planning that reduced paperwork and review time previously devoted to low-risk areas.

PACIFIC ENERGY GROUP, LP, Long Beach, CA, 2003 to 2005

Publicly traded partnership formed to transport crude oil via underground pipeline systems in the Rocky Mountains, Western US, and Western Canada, with 300 employees and annual revenues of $200 million

MANAGER OF SARBANES-OXLEY AND COMPLIANCE

Recruited to analyze and document operating, financial, and IT processes and controls and comply with new Sarbanes-Oxley requirements. Matrix managed up to 70 employees in the U.S. and Canada to meet the company's SOX compliance deadline of December 31, 2004.

 Led Pacific Energy in passing its first SOX testing, including successful, on-time remediation of identified operating deficiencies.

 Assumed additional responsibilities during tenure:

 Cost accounting role during a colleague's five-month medical leave, using SCADA software to measure month-end inventory, the volume of oil flowing through the pipeline, etc.

 Hedge fund accounting related to investments in crude oil futures, which required establishing processes, procedures, and controls to account for hedge transactions under FAS 133.

WALTCO ENGINEERING COMPANY, Gardena, CA, 2002 to 2003

Manufacturing engineering company serving IBM, Honeywell, General Motors, Hughes, GE and Litton Industries, with 120 employees in Mexico and LA

CHIEF FINANCIAL OFFICER

Directed financial and reporting operations for a $50 million business; managed eight direct reports, including Controller and HR Manager, and 15 plant and office employees in Mexico. Participated in bidding process; prepared budgets, forecasts, and documentation for annual financial audits; negotiated audit fees, bank loans, and covenants; administered 401(k) and employee stock option plans. Worked closely with external consultants on due diligence activities related to company's sale.

 Increased profit margins by 3%-4%, reduced storage costs, and positioned the company for sale with inventory enhancements that included:

 Segregating obsolete and slow-moving inventory, recording reserves, and targeting clients who might be interested purchasing reserved items.

 Implementing a perpetual inventory accounting system that offered on-hand parts visibility/tracking and ability to account for inventory damaged during production.

 Eliminated $200,000 in annual foreign tax payments by developing effective price transfer policies.

ADDITIONAL EXPERIENCE

BDO Seidman, LLP: Senior Manager, Los Angeles, CA, 2001 to 2002

Pannell Kerr Forster (PKF): Senior Manager, Los Angeles, CA, 1993 to 2001

.

EDUCATION

BS in Business Administration w/option in Accounting, California State University, Los Angeles, CA

Contact this candidate