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DLC Consultant: Salvatore Barragato, MBA

DLC Consultant Spotlight

Salvatore Barragato, MBA

Sal is an accounting professional with 20+ years of experience, offering extensive experience in providing operational accounting support and facilitating monthly close processes. With a strong background in management reporting and audit readiness, Sal excels in preparing SEC footnotes and tie-outs, as well as MD&A analysis. His expertise extends to FP&A, forecasting, and providing financial support for sales and marketing initiatives. Sal has been involved in various aspects of M&A integration, including chart of accounts alignment and carve-out balance sheet preparation.

He has worked with notable companies bringing his skills to industries ranging from entertainment to biotechnology. Proficient in financial systems like SAP, JDE, and Hyperion, Sal is well-equipped to support organizations in achieving their financial goals.

Please let us know if you are interested in learning more or discussing a DLC consultant solution for your needs.

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Areas of Expertise

With over 20 plus years of experience, Sal has expertise in multiple areas to deliver operational improvement and change management to your organization.

    • CBRE (Commercial real estate & investments. $31.1B)
    • 20th Century Fox Film Corp. (former division of 21st Century Fox Corp. $30.4B)
    • Amgen Inc. ($23.7B multi nation biopharmaceutical company)
    • Universal Music Group ($7.1B global music corp.)
    • GUESS?, Inc. ($2.6B clothing brand & retailer)
    • Ares Management ($1.2B global alternative asset manager)
    • Patagonia Inc. ($1B privately held clothing and equipment retailer)
    • Zenith Insurance ($620M provider of worker’s comp insurance)
    • Karl Storz ($500M private medical device company)
    • Abraxis BioScience. ($450M biopharmaceutical company)
    • Viacom Productions ($400M television production company division of Viacom Inc.)
    • Electro Rent Corp ($250M leases and sells electronic test equipment)
    • Davis Companies ($200M privately held energy and real estate related companies)
    • WASH Laundry Systems. ($50M equipment sales and rentals)
    • NantHealth LLC ($25M healthcare solutions company)
    • Huntington Medical Research Institute ($12M non-profit medical research)

     

    • Hands-on experience with various large and small companies, including G/L, A/P, A/R, collections, payroll, tax, and treasury related functions.
    • Participated in monthly, quarterly, and year-end closing process within multiple companies, assuring the accuracy of data and integrity of reporting in accordance with Generally Accepted Accounting Principles (GAAP).
    • Assisted in the monthly financial closing of a non-profit organization and prepared the supporting schedules for the independent auditors to publish the annual Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, Statement of Cash Flows and Notes to the Financial Statements.
    • Assisted in the preparation of monthly and annual financial statements, including income statement, balance sheet, cash flow statement, statement of equity, and various footnote disclosures.
    • Supervised production accountants’ funding and disbursement journal entries. Monitored costs as they relate to production budget (under or over budget).
    • Managed financial accounting reporting and tracking of marketing expenses for two large biotech companies which partnered in the sale and promotion of a market leading drug with gross sales of $4B annually.
    • Developed internal monthly reporting packages capturing a wide variety of financial performance metrics, ratios, and presentation styles adapted to the issues, people, and businesses involved.
    • Managed and coordinated wire payments of all upfront fees, milestone fees and other fees for new or existing partnership deals and licensing agreements.
    • Created a standardized calendar for upfront fees, milestone fees and other fees for new or existing partnership deals and licensing agreements.
    • Assisted in the writing of the MD&A for internal executive review for several public companies.
    • Analyzed and explained major variances for the CFOs of several companies.
    • Developed standardized ‘audit ready’ balance sheet sub-ledgers and supporting schedules including fixed asset rollforwards, schedules for deferred rent, AR, prepaid assets, and accrued ‘other.’ Verified these supporting schedules tied to the G/L and were consistent with GAAP.
    • Functioned as the principal liaison with external and internal auditors in various companies. Facilitated, coordinated, and provided accounting supported schedules to external auditors for several companies. Provided clarification and arranged meetings with department heads to resolve questions and issues of auditors.
    • Drafted disclosure memos for Fair Value, Investment Impairment & Investment Summary for GAAP, IFRS, and STAT quarterly financials.

     

    • Assisted in the preparation of all external SEC Reporting functions involving full preparation and filing of Forms S-1, 8-K, 10-Q and 10-K, including footnote disclosures and MD&A at multiple public companies. Compiled support via an electronic and physical Tie Out binders, in auditable form, for all footnote disclosures. Liaised with internal management, inside legal counsel to ensure accuracy, completeness and compliance of SEC reporting.
    • Created and automated Footnote Support for 10Q and 10K filings. Created Excel Worksheets with Hyperion SmartView formulas to link company’s ERP data with the Footnote support. The process streamlined and eliminated G/L balance errors when account balances were changed.
    • Prepared the carryforward of all prior period balances for SEC filings and updated text for several public companies that used Workiva software.
    • Prepared external auditor’s GAAP checklist for the completion of SEC filings.

     

    • Completed SOX compliance testing for cash activities and safeguarding of sensitive journal entry support schedules.
    • Developed month-end and year-end close checklists to ensure that the balance sheet accounts were consistently updated according to company policy and GAAP, and that timelines were met.
    • Monitored Account Reconciliations completion ensuring timely completion and proper executive sign-offs.

     

    • Experience in all phases of cross-functional project management, including project initiation, planning, budgeting, executing, and signing off deliverables. Experience encompasses a diverse range of projects including analysis of G/L accounts after new ERP implementation, carving out of activity from G/L accounts for acquiring and remaining companies and drafting of Accounting Department standard operating procedures for new personnel.
    • Initiated production company’s participation in the “Film California First” program, a state rebate program refunding state and local film permit fees. Established and implemented filing procedures with all production accountants.
    • As Co-Project Leader, analyzed each balance sheet account and carved out the balances to be divided between two entities; the acquiring and the company that would remain.

     

  • Microsoft Excel

    • Advanced Level Excel User including pivot tables, macros, charts, formula building (IF, IFERROR, V-LOOKUP, PV, NPV, IRR, SUMIF, PIVOT TABLES, COUNT, MAX, CONCATENATE, LEFT, etc.), named ranges, text to columns imports, data validation, filters, grouping, subtotals, password protection, drop down menus, etc.

     

    Microsoft Access

    • Basic Level Access User including writing queries, importing/exporting data, and creating tables.

     

    Microsoft PowerPoint

    • Intermediate Level PowerPoint User including creating slide masters, working with templates and layouts, inserting objects, creating graphs and organization charts, working with embedded and/or linked objects, slide transition as well as creating and running slide shows.

     

    Microsoft Visio

    • Intermediate Level Visio user including creating flowcharts and organization charts from scratch and working with templates.

     

    D365

    • Intermediate Level D365 User including month/year end closing, G/L account inquiries, journal entries, A/P research, voiding checks, exports to Excel, currency exchange lookup & uploading from Excel for larger journal entries.

     

    SAP

    • Intermediate level SAP User, including month/year end closing, G/L account inquiries, journal entries, A/P research, A/P posting, payroll posting, exports to Excel, imports from Excel for larger journal entry postings.
    • Utilized to generate financial reports and perform account reconciliations.
    • Used numerous T-Codes from extracting financial data, importing and posting journal entries and initiating wire payments and approvals.

     

    JD Edwards

    • Basic level JD Edwards User, including month/year end closing, journal entries, A/P research, A/P posting, payroll posting, exports to Excel, imports from Excel, etc.
    • Utilized to generate financial reports and perform account reconciliations.

     

    Hyperion Essbase

    • Used Hyperion Essbase Add-in for Excel in Excel templates.

     

    Other

    • Working experience with the following packages: Great Plains, MIP Cloud (non-profit Fund Accounting), MS Dynamics AX, Yardi 7S, Blackline (Account Reconciliations), Business Objects, Workiva, and Certent (SEC Reporting).

     

  • Cal Lutheran University

    • Master of Science in Finance, and International Business

     
    Regis University

    • Bachelor of Science-Accounting

     
    Continuing Professional Education

    • Certificate Program in Film/Television, University of California, Los Angeles, CA
    • Certificate Program in Public Speaking and Communication, Dale Carnegie Courses

     

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