Philip Chubak, CPA, PMP, MBA

• Toyota Motor North America – $79B auto manufacturer and distributor
• Ingram Micro – $38B world’s largest wholesale technology distributor
• Computer Sciences Corporation – $16B provider of technology-based solutions
• Countrywide Financial (now Bank of America) – $10B leading diversified financial company
• CBRE – $6B leading diversified real estate company.
• Smiths Global plc – £3.1B FTSE 100 leading global technology company
• Fremont Investment & Loan – $1.2B commercial and wholesale residential lender
• Ixia – $500M leading provider of converged IP network validation and visibility solutions
• Arden Realty – $500M fully integrated real estate company
• Genius Products – $475M independent home-entertainment distribution company
• ReachLocal – $360M digital marketing division of Gannett, a $3.1B leading media and marketing company
• Kilroy Realty – $251M leading Southern California REIT
• Therabody – $234M leading tech wellness company
• Vintage Wine Estates, Inc. – $214M owner and operator of winery and hospitality facilities in Northern California, Washington, and Oregon.
• Iteris – $156M provider of smart mobility solutions
• Systemed Inc. (now part of Medco) – $152M pharmacy benefits manager and distributer
• MRV Communications – $152M global provider of optical communications network infrastructure equipment and services
• Wilshire State Bank – $149M community bank focused on the general commercial banking business
• Quarterdeck Corporation (now part of Symantec) – $133M software designer
• POP TV, a Viacom CBS network – $100M fully distributed entertainment media brand
• Sientra – $68M medical aesthetics company
• Cforia – Global Accounts Receivable Management Solutions
• JamCity – Global leader in game development
• General Petroleum – Distributor of fuels, lubricants, and petroleum products and services
• Motorcar Parts of America – Re-manufacturer of automotive starters and alternators
• SAGE Publications – Independent publisher of journals, books, and electronic media
• ServiceMesh – Provider of on-demand, agile information technology solutions
• IV League, Inc. – Regional provider of home based IV treatment.
• EastWest VentureGroup – Venture capital focusing on digital media companies.
• Senn-Delaney Leadership – Culture/leadership consulting firm
• LRN – Provider of legal and ethics knowledge
• Hunt Ortmann – Law Firm
• Action Online Entertainment – Online gaming company
• Synergy World Inc. – Consumer loyalty solutions company
• California State Auditor – Audit arm of the California Legislature
• Tradex – Securities trading firm
• Pricewaterhouse Coopers (PwC) – Clients included: Baxter Pharmaceuticals (SEC), The Irvine Company, The Capital Group (SEC), Ingram Micro (SEC), Geneva Companies, Mountain Computer (SEC), Aerojet Ordinance

• Hands-on and management CFO and Controllership experience in both public and private companies with experience encompassing SEC, management and foreign parent reporting, domestic and international consolidations, period end close, GL, AP, AR, and Payroll.
• Prepared monthly reporting packages consisting of balance sheet, income statement, cash flow statement, actual to budget variance analysis, executive summary, and operational/financial metrics.
• Improved monthly reporting packages resulting in more accurate reporting and increased use of analysis and metrics.
• Subject matter expert on variable interest entities. Managed the analysis, consolidation, and reporting of variable interest entities.
• Administered the pension plan (collaborated with actuaries on valuation and financial statement disclosures, redeemed plan investments to fund benefit payments, funded bi-weekly employee contributions, and provided directives to trust to pay trust payable third-party invoices) and 401K plans (Fidelity PSW online administrator: user management, requests, funding employee contributions, annual non-discrimination testing).
• Participated in strategy meetings with Finance, HR, Operations, and Outside Counsel to implement the freeze and termination of the company pension plan, including exploring incentives to provide plan participants and unions, which comprised discussion of adding years of service, option to draw benefits while working, plan revaluation due to incentives, and purchase of annuities upon termination of plan.
• Led the evaluation and processing of software capitalization projects.
• Performed financial statement reviews and converted books from cash to accrual accounting.
• Led tax compliance for federal and multi-state governments.
• Maintained banking relationships, including depository and line of credit account management, debt covenant analysis, report generation, contact management.

• Prepared SEC Forms 10K and 10Q, including footnote disclosures and sections within MD&A along with quarterly GAAP and SEC disclosure checklists.
• Prepared interim financial statements and footnotes included in a reverse merger S-4 filing.
• Reviewed and prepared quarterly earnings releases.
• Prepared restatements of historical annual and quarterly financial statements for SEC 10K and 10Q filings.
• Consulted with investor relations and provided financial information for inclusion in proxy statements.
• Consulted with internal management as well as outside legal counsel and auditors to ensure accuracy, completeness, and compliance of SEC reporting.
• Managed the review of historical quarterly results for an S-1 filing.
• Performed accounting research and prepared white papers related to revenue recognition (ASU 606), stock compensation (ASU 718), mortgage servicing rights (ASU 860), internal use software (ASU 350), variable interest entities (ASU 810, ASU 2015-02), discontinued operations (ASC 205-20), subsequent events (ASC 855), related party disclosures (ASC 850), and government grants (IAS 20.7).
• In relation to adoption of ASC 606, evaluated sample selection of contracts and prepared white paper on testing performed and conclusions reached.
• Prepared and reviewed ASC 606 revenue recognition workbooks using Oracle and Conga.
• Led all accounting, reporting, and administration functions related to pension and other post-retirement benefit plans, stock incentive plans, and related SEC form 10K and 10Q footnote preparation in accordance with ASC 710 and 715.

• Hands-on and management experience coordinating internal annual audits and quarterly reviews and documenting and testing internal controls.
• Reviewed and audited SEC Forms 10K and 10Q including footnote disclosures and MD&A.
• Reviewed quarterly earnings release, analyst script, annual report, and underlying financial data.
• Performed reviews of portfolio companies and recommended improvements in financial processes, financial reporting, and controls.
• Improved internal controls for banking transactions and several accounting procedures.
• Drafted operational policies and procedures for working capital management, travel and entertainment, and delegation of authority.
• Drafted accounting policies and procedures for balance sheet and income statement line items.
• Documented policies and procedures related to financial processes and recommended improvements as appropriate.
• Performed quarterly SOX 404 testing.
• Performed operational/compliance audits of government entities and authored published reports of findings and recommendations to the Audit Committee of the California Legislature.

• Hands-on and management experience preparing annual operating plans and forecasts.
• Enhanced the budget from the previous year into an in-depth analysis of the company’s business that facilitated restructuring of several departments and processes.
• Improved and maintained complex business and forecasting models.
• Produced actual and forecasted financial and operational analysis and reports for board of directors’ meetings.
• Prepared business plans and made presentations at investor meetings.
• Developed complex technical analysis-based models that optimized trade profitability.

• Over 6,000 hours of experience in all phases of cross-functional project management, including project initiation, planning, executing, monitoring, and controlling, and closing. Experience encompasses a diverse range of projects including process reengineering, software implementation, moving of offices, and regulatory compliance efforts.
• Hands-on and management experience managing projects to cut costs and improve processes.
• Led a multi-departmental project to improve management of advertising campaigns; achieved $225K savings and streamlined reporting and administration of the program.
• Led a project to improve royalty contract management working closely with legal and product management; achieved savings of $200K representing reduced payments and collection of past due amounts.
• Restructured the operations of the IT department resulting in improved productivity and morale.
• Project leader for implementation of Blackline, and FloQast, both online close management tools. Created mapping document for set-up of tasks and account reconciliations, coordinated user access and single sign-on set-up, conducted user/admin training sessions, automated generation of trial balances in Oracle and uploaded to FloQast using a third-party online automation provider, provided user technical support, and prepared best practices recommendations for the application, close process, and related internal controls.
• Project manager for installation of DocLink, a document management and process automation solution.
• Shortened the length of the monthly close by 20%-50%.
• Project manager for revamp of account reconciliations as part of adopting SOX.
• Served as finance liaison for implementation of Hyperion Enterprise, including performing needs assessment for financial reporting, chart of accounts set-up, and review of system reports for compliance with reporting needs.
• In support of migration from Hyperion Enterprise to PeopleSoft, performed financial statements and general ledger account roll-forwards.
• In relation to ERP migration from SAP to Oracle, was responsible for chart of accounts mapping, account string conversion, conversion of standard journal entries, financial statements mapping, and Cognos report design.
• Implemented ExpenseWire, an expense reporting online application, including chart of accounts set-up, user set-up, approval architecture, organizational chart set-up, and report design.
• Migrated QuickBooks to MAS 90 including chart of account set-up, vendor, and customer set-up, recording opening balances, and financial statements reporting design.
• Liaised with a business management firm to bring the financial accounting in-house through implementing BusinessWorks, including chart of accounts set-up, customer, and vendor set-up, and recording of opening balances.

• Played a key role in two successive company restructuring projects, specifically in the identification of redundant functions company-wide, measuring cost savings, consolidating recommendations, and presenting the plan to the board and auditors.
• Designed restructuring plans with senior management for two venture capital portfolio companies reducing expenses by 30%.
• Assisted with structuring and negotiating equity and bridge financing transactions for portfolio companies over $20M.
• Collaborated closely with divisional managers and reduced expenses by 15% over 2 years through reductions in headcount and budgeted operating expenses.
• Planned and supervised integration of finance departments of five acquired companies, achieving $285K in cost savings.
• Led the integration of payroll processing following private equity acquisition of a division of a public company. Started the company with ADP and managed/performed all set-up tasks including revenue/deduction/benefit codes and loading of employee data, and project managed third-party benefits providers electronic feeds.
• Performed sell-side financial due diligence for a $16M sale. Converted books from cash basis to GAAP, prepared a monthly cash to GAAP balance sheet and P&L bridge, prepared a detail contract-based deferred revenue roll-forward, attended investment banker and seller meetings, and prepared comparative analyses of financial statement line items.
• Performed buy-side financial due diligence for a $15M acquisition. Reviewed audited financial statements and related reconciliations and support to validate balances. Reviewed product, employment, and customer contracts to assess intangible assets. Reviewed policies and procedures related to various processes. Assisted the CFO in the allocation of the purchase price. Attended deal related meetings with investment bankers and management.
• Integrated the subsidiary and regional policy manuals for bad debt, inventory reserve, revenue recognition, and vendor receivables into worldwide versions in relation to a $2B acquisition.
• Key collaborator on the integration of an $892M acquisition, specifically purchase price allocation and integration of financial accounting.

MICROSOFT EXCEL

• Certified Microsoft Office Specialist – Excel 2019 Expert
• Experience includes linking sheets and workbooks, editing, inserting, formatting, and pivot tables. Selected functions used include AVERAGE, CHOOSE, DATE, DAY, FIND, FV, GETPIVOTDATA, IRR, LOOKUP, MATCH, NPV, PMT, PPMT, PV, SUBTOTAL, SUM, SUMIF, TIME, TIMEVALUE, TODAY, TRUE AND VLOOKUP.

SAP

• Proficient Level User of the GL module including account inquiry, journal entry inquiry, drill-down, and running variant reports.

PEOPLESOFT

• Proficient Level PeopleSoft User including reporting, GL, and AP modules including designing and running nVision reports, Business Intelligence reports, account inquiry, journal entry inquiry, drill-down, vendor inquiry, and invoice inquiry.

ORACLE

• Proficient Level User of the GL and reporting modules including account inquiry, journal entry inquiry, drill-down, and running FSG reports.

HYPERION ENTERPRISE

• Proficient Level User including designing and running Essbase Smart View financial statements and account balance reports.

MAS 200, 90

• Proficient Level User of the GL, AP, AR, and payroll modules including account inquiry, journal entry inquiry, vendor inquiry, customer inquiry, invoice inquiry, drill-down, and financial statement design.

QUICKBOOKS

• Advanced Level QuickBooks User including chart of accounts set-up, vendor and customer set-up, and financial statements design.

INFOR LN

• Proficient Level User of the GL module including account inquiry, journal entry inquiry, drill-down, and running custom reports.

BLACKLINE

• Advanced Level Blackline User including administrator experience for maintenance of user set-up and management, account assignments, and account groupings, account settings, and reporting.

FLOQAST

• Expert level FloQast User including administrative experience in checklist, account reconciliations, and entity set-up and management.

EXPENSEWIRE

• Advanced Level ExpenseWire User including administrator experience for maintenance of chart of accounts, users, approval routing, reporting changes, and technical support.

OTHER

• Working experience with the following packages: Great Plains (GL, AP), JD Edwards (FA, AP), MRI, Navision, Expandable, Peachtree, PM, Equity Edge, Conga, ADP, and Paychex.

CPA, State of California
 

California State Polytechnic University

• Pomona, MBA Finance, March 1986

University of California

• Irvine, BS, Electrical Engineering, June 1983

Project Management Institute

• Project Management Professional (PMP)

2019 Excel Expert Certification 

Coursework in Corporate, Partnership, and Individual Taxation

• University of California Los Angeles Extension
• June 2003, GPA: 4.0

 
Completed annual CPA requirements

• (80 hrs./2 yrs. of CPE)