Full-Scope Finance & Accounting                    Internal/External Audits

Budgets/Forecasts                                                Cost Controls and Profit Optimization

Risk Management                                                  Regulatory Compliance

Business/Financial Analysis                              Acquisitions/Mergers       

ERP/Systems Implementations                          Process Enhancements

Presentations and Negotiations                        Bi-lingual English and Spanish

International Experience (Mexico/Asia)           CPA License

Ø  As CFO, spearheaded development and launch of $10M factoring facility post acquisition of Wham-O, playing vital role in optimizing immediate cash flow results for both US and Asia

Ø  Boosted bottom-line profits by executing broad cost saving initiatives; reduced general insurance costs by over 50% and external audit, including tax services, expenses by 36%

Ø  Successfully negotiated $30M credit facility, $25M revolving line of credit with a $5M term loan; asset-based line of credit with 90% advance rate on A/R and 60-65% on inventory

Ø  While acting as Corporate Controller, Wham-O, launched Finance/Accounting Department supporting startup and rapid growth from $25M to $80M annual sales

Ø  Employee of the Year, 2002, a prestigious peer award recognizing the employee who peers feel best represents company in driving business and delivering dynamic internal/external customer service

Ø  Actively collaborated in integrations of operations for 5 major acquisitions over course of 6 years; co-managed ERP project, implementing operations and interfacing full inventory database consisting of 400+ SKUs after Mattel Corporation acquisition

Ø  Coordinated and steered Big 4 accounting firm external audit, with no management letter of comments

 

 

Wham-O, Inc.,  Emeryville, CA                                                                                                       1998-2008

Purchased from Mattel Corp. in 1997, a privately-held manufacturer and global innovator of high-quality, high-profile activity products, with operations in US, Mexico and Asia

Chief Financial Officer/Secretary of the Corporation; 12/03-12/08

  Drove all finance, accounting, payroll, risk management, and facilities management operations; included managing budget, cash flow, consolidation, financial reporting, and tax processes as well as leading 11-member international accounting team and facilitating both US and Asia external audits

  Established/managed critical banking, audit (Big 4 and international), tax, health and business insurance relationships

  Proficiently incorporated Asia operations with QAD MFG/PRO system; substantially improved US and Mexico operational efficiencies by implementing QAD MFG/PRO ERP system in record time (8 weeks)

  Effectively executed transfer pricing agreements with Hong Kong affiliate

  Defined optimal Revenue Recognition for sales and royalty income (EITF 00-21, SAB 101, SAB 104) as well as best accounting treatment for Barter Transactions (APB 29, EITF 93-11, EITF 99-17) and reporting of Business Combinations (SFAS 141); steered annual Goodwill Impairment Analysis (SFAS 142)

  Played strong role in growing company s royalty income from $70K, 2003 to $1.4M, 2008, through strategic support of multiple trademark license agreements negotiations

  Consistently maintained A/R (over 90 days) for 300+ accounts at no more than 3% of total receivables

 

Corporate Controller; 02/98-12/03

  Directed start-up of Finance/Accounting Department, eventually supporting approximately $80M in annual business; managed 8 US and Mexico accounting staff members

  Drove major corporate acquisition projects for integration with Wham-O operations, including inventory, supplier relationships and business processes

  Successfully streamlined month-end closing procedures to close within 7 working days

  Prepared detailed annual budgets and forecasts, with analyses, as well as monthly financial reporting packages for presentation to Board of Directors

  Managed cost accounting; facilitated annual standard costs evaluations as well as monthly cost variances analyses

           

Galaxy Brands International-Richmond, CA                                                                                          1997-1998                           

Privately-held Consumer Electronics Manufacturer with $10 million in annual sales

Corporate Controller

  Directed all areas of finance/accounting spanning credit, A/R, A/P, payroll, G/L and inventory control as well as forecasting and budgeting, including inventory purchases, capital expenditures and depreciation, customer credit limits, and collections

  Oversaw bank line, including daily cash flow and ongoing communications with lending institutions; in charge of managing Letters of Credit for China and Hong Kong suppliers

  Managed inventory cost calculations and organized/reconciled monthly physical inventories

  Efficiently coordinated year-end audit; prepared financial statement and footnotes for external auditors review

  Prepared detailed monthly financial results, with causal variance analyses, for presentation to Board of Directors; routinely met with Board to report on monthly results and provide updated forecasts

 

Imaginarium, Inc.-Walnut Creek, CA                                                                                                     1992-1997

Privately-held retail Chain of 74 Specialty Toy Stores in 16 states, with $70 million in annual sales

Corporate Controller/Assistant Secretary of Corporation; 09/94-05/97  

  Steered full-range finance/accounting functions, internal controls, store financial model, and operating budget, including inventory, expenses, capital expenditures, additions of new stores, and remodels, and managed daily cash flow encompassing borrowing, lending institution relationships and weekly cash availability reporting

  Proficiently managed stock option plan and property/liability insurance; negotiated/managed risk management program

  Directed broad auditing projects, from year-end external audits to GAAP-compliant year-ends; managed Sales Audit Department, with associated sales/property tax components

  In earlier position as Assistant Controller, saved company 25% in annual payroll costs by successfully negotiating competitive external payroll service rate; further boosted bottom-line profits by reducing credit card processor rates 7% of annual cost as well as substantially reducing property taxes through strategic reclassification of assets

  Successfully negotiated competitive lease lines funding technologies rollout for 74 stores across 16 states

 

Senior Audit Associate, Coopers & Lybrand-San Francisco, CA                                                            1989-1992

  Successfully budgeted, planned and managed audit engagements with staffs of as many as 20 team members for broad range of clients spanning retail, manufacturing, telecom, and real estate sectors

  Proficiently prepared/reviewed SEC 10-K and 10-Q filings as well as S-2 registration statements

 

Audit Associate/Intern, Ernst & Young-San Francisco, CA                                                            1988-1999

  Capitalized on opportunity to gain practical experience in retail, manufacturing, healthcare, and banking audits; collaborated in acquisition audit of Gumps-San Francisco

 

 

 

 

BSBA, Accounting & Finance, University of California, Berkeley-Walter A. Haas School of Business; 1988

  Beta Alpha Psi, honorary accounting fraternity

  Affirmative Action Award of Excellence

  Student Government; Resident Hall Coordinator and Resident Assistant

 

 

MS Office, QAD MFG/PRO, Peachtree, Great Plains, and ADP Payroll; knowledge of Crystal Reports and CorVu

 

 

Member, California Society of CPAs; active license
Member, UC Berkeley Rally Committee Alumni Association
Member, St. Perpetua Church Finance Council; 2008-present/2002-2006; Welcoming Committee; 2004-present; Carnival Committee (prizes administrator)
Volunteer Assistant, Stanley Middle School Library