Work History

Work History
Dec 2009 - Jun 2010

Chief Financial Officer

Workstream Inc.

Served as chief financial officer for a $20 million company that provides human capital management software and services.  Directed the company's overall financial operations, including accounting, taxes, treasury, financial planning/analysis, SEC reporting, and investor relations.

Developed fiscal 2011 budget process, focusing on improved corporate overhead allocation and formulating projection inputs and assumptions

Oversaw the management of short-term cash flow projections and outflows.

Key participant in the administration and oversight of the company's outstanding notes.

  • Implemented process to appropriately convert notes into common shares upon note holder request.
  • Developed policies and procedures to monitor note covenants.
  • Ensured appropriate accounting for complex notes exchange transaction.
  • Assisted in the development of presentation to existing note holders to induce total conversion.

Identified potential target companies for acquisition.

  • Developed valuation models for potential targets (standalone value as well as the value of combined entities taking into consideration merger synergies).
  • Analyzed capital structures to determine appropriate financing for potential acquisitions.
  • Held initial discussions with investment banks and reviewed various offering memorandums.

Ensured compliance with and improved internal processes for the company's SEC reporting requirements.

  • Coordinated with attorneys and auditors to ensure appropriate and transparent reporting.
  • Ensured appropriate interim SEC filings (Forms 10-Q and 8-K) were submitted timely.
  • Oversaw the company's SOX 404 internal assessment process.

Initiated the process to develop, and identified, key performance metrics for the company's lines of business including the detection of areas causing financial and operational stress.

Held discussions with potential outside investors and analyzed their proposed investment vehicles.

Aug 1995 - Jan 2009

Ernst & Young

Began a long tenure with the company as a staff auditor and was promoted into numerous management roles over the years with areas of focus on audit, global capital markets, and professional practice. Diverse financial and business experience accrued from having worked with a broad range of companies in terms of size, industry, and geographic scope. Developed significant focus on technology companies, including emerging software and biotech entities as well as large international software and technology entities.

Career Progression

Partner, Moscow, Russia                                                                                                        July 2007 - January 2009

Senior Manager, Moscow, Russia                                                                                     January 2007 - June 2007

Senior Manager, Dublin, Ireland                                                                                       July 2004 - December 2006

Manager / Senior Manager, Munich and Frankfurt am Main, Germany                  September 2001 - June 2004

Staff to Manager, Boston, MA, USA                                                                                  August 1995  -  August 2001

Audit

Gained direct audit engagement experience as well as US GAAP and SEC technical expertise serving international companies reporting under or reconciling to US GAAP.

Served as audit team member on various local clients and subsidiaries of large multi-national, both public and private, reporting under US GAAP, IFRS, and local GAAP.

  • Oversaw multiple concurrent audits or client projects that ranged from five to ten professionals per team involving from 200 to 5,000 hours each.
  • Maintained client relations for engagements to ensure professional and timely services.
  • Coordinated different teams in various offices in multiple disciplines, including audit, tax, transaction advisory, and IT auditors.
  • Managed engagement budgets, invoicing, and profitability for USD 2.8 million in professional fees. 
  • Dealt with a variety of client issues including annual reporting, reconciliation to US GAAP, and conversions, particularly for SEC clients. 

Participated in engagements that involved Sarbanes-Oxley Act Section 404 implementation and procedures, and internal and external reporting that included evaluation of internal controls and communication of weaknesses.

Acquired significant knowledge about taxation, financing, internal reporting, and operations for entities operating in various international jurisdictions.

Gained experience in consulting with clients in acquisition transactions, due diligence reviews, purchase date audits, and consultations surrounding business combinations.

Researched and interpreted recently-issued and existing accounting standards, and assisted client personnel with the implementation of such standards.

Assisted in the identification of opportunities and proposal of firm services to new and existing clients.

Global Capital Markets

Assisted audit teams and clients performing cross-border transactions, both equity (primary and secondary) and debt, into the US and/or Europe ranging from gross proceeds of USD 100 million to USD 1.75 billion.

  • Specialized in US GAAP, US SEC, Rule 144A, and EU Directive reporting requirements.
  • Assisted in the preparation and review of prospectuses, comfort letters and related procedures.
  • Liaised with underwriters and legal counsel through the different stages of transactions, including auditor due diligence meetings.

Worked with audit teams on US GAAP, US GAAS, and SEC requirements for non-US companies that were publicly listed in the USA (both domestic filers and foreign private issuers).

  • Performed quality reviews of audits to ensure compliance with firm, PCAOB and SEC audit requirements.
  • Reviewed annual filings to ensure compliance with US SEC and US GAAP annual reporting requirements.

Assisted in developing policies, procedures, databases and related checklists (EU directive disclosure requirements and quality review requirements) associated with capital market transactions in Europe.

Professional Practice Group

Performed or managed consultations on highly technical and complex accounting and financial reporting issues encountered by clients and engagement teams, or as a member of the engagement team.

  • Consultation topics included, but were not limited to: revenue recognition, share-based compensation, consolidation matters, debt instruments, US SEC comment letter and PCAOB findings, responses, and independence matters.
  • Worked directly with Ernst & Young's US National Accounting Office on various client technical consultations.

Prepared and taught various technical accounting courses internally and externally, primarily on US GAAP, including topics such as revenue recognition (general and software) and share-based compensation.

Other

Participated in Ernst & Young's Global Audit Quality Review program for US foreign private issuers.

Undertook audit risk management and professional practice integration of former Andersen US SEC clients in Europe.

Participated in recruitment events and interview sessions.

Education

Education
May 1995 - Present

Master of Science, Accountancy, with distinction

Bentley College Graduate School of Business
May 1993 - Present

Bachelor of Arts, cum laude, Finance

Saint Anselm College
Sep 1997 - Present

Certified Public Accountant

Commonwealth of Massachusetts

Completed and passed all sections of the National Uniform Certified Public Accountants Examination at first sitting, May 1995.

PUBLIC SERVICE

Member, Charity Committee, Ernst & Young, Moscow, Russia (July 2007 to January 2009)

  • Assisted in the selection of a number of charitable causes to support, focusing on providing assistance to disadvantaged children, supporting the arts and rendering assistance to the disabled in Russia.

Member, Accounting Principles & Auditing Procedures Committee, Massachusetts Society of Certified Public Accountants (May 1996 to June 2001)

  • Served on a committee that was established to review draft accounting principles and auditing standards, and to respond to appropriate standard-setting organizations.

Summary

 Financial Leadership - International Business - Strategic Analysis - Project/Risk Management - Tax Structuring - Business Expansion/Growth - SEC Reporting - Sarbanes-Oxley Compliance - Debt & Equity Financing

International financial professional with special emphasis on working with international technology firms, primarily SEC registrants.A breadth of experience in diverse business environments; expertise in a wide range of highly technical and complex accounting and financial issues.Strong project planning, problem solving and management skills; successful in prioritizing and delegating multiple complex tasks to ensure that overlapping deadlines are met in high-stress and fast-paced environments. Ability to conduct sensitive negotiations through demonstrated skill, considered judgment, and the development of strong and open relationships.Capacity to develop good working rapport with shareholders, boards of directors, attorneys, and financial institutional executives.High-quality credentials paired with a strong sense of integrity, professionalism, and business judgment.

PROFESSIONAL AFFILIATIONS

Maintain membership in the following professional and academic organizations:

  • Massachusetts Society of Certified Public Accountants (June 1994 to Present)
  • American Institute of Certified Public Accountants (September 1995 to Present)
  • American Accounting Association (Spring 1994 to Present)

PUBLICATIONS

Doris M. Blasch (FASB), Jerome P. Kelliher and William J. Read (Bentley College).  "The FASB and the IASC Redeliberate EPS."  Journal of Accountancy, February 1996.