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William Alvarez is a Senior Financial Operations Executive with over 25 years of global financial management and operational experience including over 15 years as CFO with public and pre-public (IPO) structured finance, technology and service companies as well as 14 years in public accounting. He possesses a broad base of experience in financial management, strategic and operations planning, international operations, compliance, valuation, tax, treasury, human resources, facilities, information systems, risk management, investor relations and revenue management.
WILLIAM E. ALVAREZ, JR., CPA Redding, Connecticut 06896 203.938.3677 (home) 203.733.0821 (cell) firstname.lastname@example.org SUMMARY OF QUALIFICATIONS: Senior Financial Operations Executive with over 25 years of global financial management and operational experience including over 15 years as CFO with public and pre-public (IPO) structured finance, technology and service companies as well as 14 years in public accounting. Broad base of experience in financial management, strategic and operations planning, international operations, compliance, valuation, tax, treasury, human resources, facilities, information systems, risk management, investor relations and revenue management. Proven track record of building and integrating teams, systems and procedures during periods of high growth and economic recession. A leader in initiating cost reduction programs, evaluating and monitoring proposed programs and business initiatives. Experienced at raising capital in private markets (venture and equity), public markets (IPO and secondary offerings) and debt financing. Areas of Expertise: Financial Management & Control including budgeting & forecasting, analysis & reporting, sales contract negotiating, controllership, cost accounting, tax planning, compliance, cost containment, benefits & insurance, risk management, SEC, Sarbanes-Oxley compliance, IPO, road shows, legal and board/shareholder relations. Cash Management including cash forecasting, credit and collections, bank relations and negotiations (domestic and international), inventory management, financing, lease/buy, investing and expense management. General Management & Supervision including board presentations, investor relations, HR, facilities, incentive compensation and salary administration, operations management, talent evaluation and team building. Strategic Planning including business planning, domestic and international tax planning, transfer pricing, public/private financing, investment banker relations, deal analysis, reverse mergers and M&A/due diligence. International including foreign currency exposure management, evaluation of business unit procedure and controls, and management of European operations, including lease negotiations and HR management. BUSINESS EXPERIENCE: 12/04 EVP, Chief Financial Officer and Secretary, PATRIOT CAPITAL FUNDING, Westport, CT, publicly to held, specialty finance company (business development company under the Investment Co. Act of 1940). 12/10 CFO with full responsibility for the strategic planning, development and leadership of the entire corporate finance organization for this $400 million publicly held, specialty finance company that makes debt and equity investments in a variety of businesses. Directs financial planning and analysis, accounting, SEC, tax, treasury, Sarbanes-Oxley (SOX), budgeting, operations, risk management, swap agreements, IT, facilities, compliance, valuation, investor relations, Corporate Secretary functions and HR. Lead management team through successful IPO and multiple secondary/shelf offerings. Total capital raised exceeded $400 million. Report to President and Board. Successfully lead company through merger negotiations; merger consummated in December 2009. Result: Shareholders received over 260% premium in share price. Developed current business structure and integrated back-office systems and procedures. Worked closely with outside counsel, auditors, and service providers to expand and upgrade all internal financial and management ERP systems, including selection of systems and developing timeline for implementation. Result: provided adequate structure for future growth and scaling of operations. To provide financing for growth, prepared and filed initial public offering documents with the SEC. Also closed follow-on secondary public offering within 10 months after IPO. Timely filed all SEC quarterly and annual documents. Result: provided sufficient capital for future growth. Initiated various strategic initiatives for short and long range company goals, developed management and board presentations. Coordinated execution of various initiatives. Result: initiatives executed range from reducing corporate expenses to expanding the Company’s product offerings. Negotiated and closed $225 million securitization facility, including annual amendments. Structured compliance terms and conditions of agreement. Coordinated annual review of facility. Result: increased facility by 60% from original commitment and maintained compliance with terms. Monitor BDC, RIC and other compliance rules and regulations on monthly/quarterly basis. Result: satisfactorily maintained all mandatory compliance requirements. Presented at investor conferences, met with analysts and participated with investor calls and discussions. Result: increased shareholder awareness and created demand for stock. 1/03 Alvarez Consulting, Interim services provided exclusively to TRANS-LUX CORPORATION, publicly to held, international manufacturing, software, digital media, technology, consulting, and service provider of 12/04 integrated programmable electronic info and communication systems used in a wide variety of businesses. Executive Financial Consultant for Trans-Lux Corporation, with responsibility for directing the preparation of all required annual and quarterly SEC documents, including compliance with Sarbanes- Oxley (SOX), for this $100 million international service, software, technology, manufacturing and communication provider. Direct accounting operations for a 12-person team. Restructured and consolidated various accounting functions, expanding personnel responsibilities, and implemented cross- training function as a result of the sale of two of the Company’s business units (foreign and domestic). 2/01 Chief Financial Officer, BOND TECHNOLOGIES, INC., New York, NY, privately held, professional to technology consulting services and software firm, with international operations, providing infrastructure 1/03 consulting, software development, implementation and e-space services. The Company closed operations in 2003 as a result of the events of September 11, 2001; merged remaining business into related company. CFO with full responsibility for the strategic planning, development and leadership of the entire corporate finance organization for this $100 million full service consulting, software, technology, solutions provider. Directs financial planning and analysis, accounting, tax, treasury, budgeting, operations, risk management, IT, facilities, UK finance and HR through a 10 person management team. Report to the President and Board. Restructured company in market downturn, prepared short and long-term budgets, reduced costs, consolidated offices, eliminated overhead and redundant personnel. Result: reduced total monthly operating costs by $3.3 million and eliminated $3.9 million of future obligations at no cost to company, returning company to profitability; recaptured $1.0 million of security deposits. Established leadership team and planning process to review and renew strategic direction. Set organizational standards, objectives and strategies and introduced performance metrics for developing world class reporting system in preparation of future IPO or merger. Result: globally focused management team by aligning company goals. Relocated personnel and systems from lower Manhattan area displaced by 9-11 events and applied for recovery grant. Result: received several recovery grants, incorporated displaced personnel into existing facilities and transferred systems with minimal loss or disruption in the business process. To provide working capital and strengthen cash flows, renegotiated and restructured bank debt facilities and debt covenants three times within a 9-month period to keep pace with market fluctuations. Result: maintained adequate financing for company to meet its objectives, keep within its covenants and provide adequate time for company to implement its restructuring plans. 6/98 Chief Financial Officer, DYNAX SOLUTIONS, INC., New York, NY, privately held, professional to technology consulting, outsource service and software organization serving companies in the client 2/01 server, Internet, e-commerce and computer environments. Company completed a successful merger. CFO with full responsibility for the strategic planning, development and leadership of the entire corporate finance organization for this rapidly growing, $100+ million technology consulting, outsource, architecture and implementation strategy, and software development company. Directed finance, planning, accounting, tax, treasury, budgeting, HR, operations, risk management, facilities, IT and lead all M&A activity through a 12 person management team. Report to the President and Board. To provide financing for acquisitions and working capital, prepared business plan, presented to several lenders and equity investors, managed road shows, negotiated and structured $20+ million private debt financing package, $15 million private placement of securities and increased bank debt by 90%. Result: provided adequate financing for company to meet its strategic growth goals, positioning for future merger, IPO or liquidity event. Investigated many potential acquisitions, negotiated and structured purchase price. Result: identified and acquired six strategic companies and avoided potential $4 million tax exposure during due diligence, and added $85 million revenue stream in 12 months. 12/92 Chief Financial Officer & Secretary, TRINITECH SYSTEMS INC., Stamford, CT, publicly held with to international operations, software developer, manufacturer and marketer of advanced data capture, 5/98 electronic trading and routing hardware and software systems with sales growth of 50%+ per year. CFO with full responsibility for the strategic planning, development and leadership of the entire corporate finance organization for this publicly held, $50+ million software developer, hardware and recurring revenue company. Directed finance, planning, investor relations, accounting, tax, treasury, budgeting, HR, operations, SEC, risk management and facilities through a 10 person management team. In addition, managed IPO, road shows and secondary offerings; created shareholder confidence. Report to President. 4/91 VP, Controller & Chief Accounting Officer, PAN ATLANTIC, INC., White Plains, NY, publicly held to direct seller of property and casualty insurance and reinsurance in the U.S. & Europe. Served on the 12/92 board as a Director & Treasurer of company's largest U.S. subsidiary. Chief Accounting Officer with full responsibility for leadership of the entire finance organization for this publicly held $200 million insurance services company. Directed accounting and financial reporting, cash management & investing, SEC, banking relations & European office administration through a 20 person management team. Report to President and Board. 1976 DELOITTE & TOUCHE, Stamford, CT. to Senior Manager - 1986 to 1991. Manager - 1982 to 1986. 4/91 Planned, managed and controlled all aspects of timely delivery of services to clients, supervising over 30 staff professionals and directing 20 offices on participating engagements. Performed over 150 due diligence/M&A reviews. Clients served in both public, private and international. Managed 7 IPOs. EDUCATION: FAIRFIELD UNIVERSITY, Post Masters Certificate in International Finance, 1991. UNIVERSITY OF BRIDGEPORT, M.B.A., Finance, 1981. SACRED HEART UNIVERSITY, B.S., Accounting, 1975. C.P.A, Certified Public Accountant, State of Connecticut. AFFILIATIONS: Elected to the Redding Board of Finance – 2004 (appointed Vice Chairman 2006, Chairman 2007), Elected to Redding Board of Education – 1995 to 2004 (1995, re-elected 1999 & 2003, Secretary 2001- 03), AICPA, CSCPA, FEI, Previous Director & Treasurer, Junior Achievement (CT), and Previous Director, Greater Norwalk Chamber of Commerce (Chairman of Business Council).
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