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Riley T. Drake, CPA MBA

 Phone:  (714) 234-9512

 E-mail:  riley@cfo4lease.com

 

Text Box: Industry Experience • Marketing and Trade Show Services • Linguist and Technical Staffing • Government Services Contracting • Aerospace Engineering Services • Commercial Satellite Communications • Asset Rentals Categories of Expertise Corporate Management • Executive and Board Reporting • Banking & Legal Relationships • Securing and Managing Credit Lines • Process Documentation • Managing Personnel • Downsize/Outsource Strategy and Implementation • Human Resources & IT Management Accounting and Finance • Cash Management and Optimization • Indirect Rates and Cost Proposals • Intercompany Accounting • Project Accounting • Organization Budgeting • Month-end and year-end close • Management Reporting / Variance Analysis • Fixed Assets and Deprecation • Post-Conversion Reconciliations • Account Reconciliation and Analysis Special & Technical Skills • Financial Modeling and Firm Valuations • International Operations • Domestic and International Taxation • Foreign Currency Contracts and Trade • Compensation/Commission Plan Development • System Conversion / Integration • Historical Financial Statements and Proformas • DCAA & FAR Compliance Software Experience Deltek, Creative Manager Pro, Workamajig, Quickbooks, Peachtree, MS Project, Excel, Word, Powerpoint, MS Access, multiple custom software and software-integration systems designed, built, implemented and maintained Education MBA, Cal State University at Fullerton BA Accountancy, National University Certification and License California Certified Public Accountant Text Box: Professional Experience As a CFO for Lease • Directed the finance/accounting functions of several Orange County client companies (up to $30M) on a part-time contractual basis. • Participate in board meetings as part of executive management teams, and furnish related presentations and reports. • Responsibilities include providing strategic advice to CEO's and business owners, financial reporting, audit preparation, analysis, cost accounting, budgeting, forecasting, commercial/government cost proposal support, and management of accounting/IT/HR staff. • Establish working capital lines of credit, facilitate cost-cutting and downsizing, and contract for outsource of IT, HR and other services. • Design and implement processes and procedures, accounting systems and intranet reporting tools, develop executive forecasting models, build and recommend database/ system solutions, and provide financial advice to executives, owners and directors. As a Chief Financial Officer • Lead the finance department as CFO and VP of Finance for 200-employee linguistic services organization during a 300% growth phase, which included establishment of a working capital line of credit and an accounting system implementation. • Lead the finance department of national equity-backed trade show and marketing services organization, including financial reporting, cost accounting, financial systems and related implementations. • Participated in bi-monthly board meetings as part of executive management team, and furnished related presentations and reports. • Designed and built financial modeling tools to forecast sales, cash flows, and proforma financial statements. • Established working capital lines of credit, and contracted for outsource of IT and HR services. • Reviewed client/vendor contracts, and worked with legal to ensure optimal structuring of all contractual relationships to minimize legal risks. As a Controller • Oversaw accounting functions of international satellite communications and engineering company during growth phase averaging 100% annually. • Responsibilities included domestic and international tax, GAAP reporting, internal cost budgeting / management, procurement, GL, A/P and A/R. • Monitored the development of long-term service contracts in terms of profitability and resource optimization, and supported sales team in preparation of contract proposals. • Served as point of contact to professional firms in support of annual audits, tax, and securities, and as contact to DCAA regarding FAR compliance. • Built desktop financial tools used company-wide to manage cash, revenue, costs and manpower, and implemented web-based cost reporting.