Overview
Work History
Education
Skills
Credentialing
Timeline
Generic

CHARLES C. THOMAS

Los Angeles,CA

Overview

17
17
years of professional experience

Work History

SVP, Deputy Chief Accounting Officer

Veritone, Inc. (NASDAQ:VERI)
07.2021 - Current
  • VERI Employee of the Year recipient 2022
  • Strategic Finance experience - Supported M&A activity for both buy and sell side, including diligence, finance, SEC and International Tax structuring: Acquired PandoLogic September 2021 (SEC Material transaction - $150M), Raised $201M in convertible debt securities September 2021 ($60M repurchase December 2022), Acquired Table Rock Management March 2022, Acquired Vocal ID June 2022, Acquired Vision Semantics Limited August 2022, Acquired Broadbean (SEC Material transaction - $53M), Sold Energy Business June 2023
  • Corporate Finance experience - Managed and contributed to Board of Directors communications and reporting related to quarterly results, M&A status and recommendations, and long range strategic, treasury operations, tax structuring and financial planning
  • Established intercompany loans to fund Broadbean acquisition creating multimillion tax savings per year
  • Implemented new investment policies to enable overnight sweep accounts July 2023 to generate ~forecasted $3M/year interest income
  • Technical Accounting experience - Areas of complexity in the business included: Revenue Recognition, Business Combinations/Investment accounting, Transfer Pricing and Capitalized Software
  • Filed Reg S-X Article 11 financials associated with two material acquisitions
  • Responsible for SEC reporting and technical accounting oversight
  • Corporate Accounting experience - Grew team from 25 headcount to 45 over tenure with the company including establishing International Shared Service Center based out of Israel
  • Implemented Oracle Fusion ERP July 2022 replacing NetSuite & Concur
  • Introduced Procurement in 2021 and rationalized expense system
  • Oversaw external audit process
  • Implemented SOX control framework for year 1 SOX audit (2022)
  • Oversaw accounting operations integration of multiple material acquisitions (PandoLogic & Broadbean)
  • Achieved 20% Key control rationalization in year 2 SOX through PandoLogic system and process integration
  • International operations and consolidation experience.

VP, Controller

TrueCar, Inc. (NASDAQ:TRUE)
07.2017 - 07.2021
  • Strategic Finance experience - Supported M&A activity for both buy and sell side, including diligence and finance support: Sold ALG November 2020, Acquired Dealer Science December 2018, Minority Investment Accu-Trade LLC February 2019
  • Facilitated multi-billion dollar merger proposal (2019)
  • Designated Board Member for Minority investment in Accu-Trade LLC – November 2020
  • Corporate Finance experience - Managed and contributed to Board of Directors communications and reporting related to quarterly results, M&A status and recommendations, and long range strategic and financial planning
  • Developed key company operating models for various uses, day to day operations/dashboards, management reporting, revenue recognition, key metric forecasting, and financial reporting
  • Investor Relations experience - Multiple public market transactions, IPO (2014), secondary (2015) and follow on offerings (2017)
  • Supported quarterly earnings cycle, including script drafting, Q&A prep, analyst and investor management
  • Technical Accounting experience - Areas of complexity in the business included: Revenue Recognition, Order to Cash Operations, Collection Assumptions (CECL adoption), Lease Accounting, Business Combinations/Investment accounting, and Capitalized Software
  • Responsible for Cash Flow reporting, forecasting, and management
  • Corporate Accounting experience - Grew team from 10 headcount to 40 over tenure with the company
  • Implemented Workday ERP April 2019 replacing Great Plains & Concur
  • Introduced Procurement and rationalized expense system
  • Reduced T&E costs and days to close by 20% each
  • Implemented Anaplan financial planning software (2015)
  • Oversaw external audit process
  • Implemented SOX control framework for year 1 SOX audit (2016)
  • No significant deficiencies to date.

Manager, Banking and Capital Markets Group

PricewaterhouseCoopers
01.2009 - 01.2014
  • Managed teams of 5 to 10 people executing annual audits and quarterly reviews of Broker-Dealers, High-Frequency Trading Firms, Investment Banks, and Investment Management companies, both public and private clients
  • Guided Knight Capital Group through August 1st 2012 technology losses and related issues: offering of preferred shares, goodwill impairment charges and reverse acquisition of the company by GETCO, registration of privately placed debt, including related SEC filings requirements
  • Assisted clients develop regulatory compliance and launch new Broker-Dealer entities in consideration of SOX 404 compliance
  • Instructed Broker-Dealer regulatory courses intended for senior associates as well as two-week introductory course for new hires.

Associate, Investment Management Group

PricewaterhouseCoopers
01.2007 - 01.2008
  • Assisted on hedge fund and large mutual fund complex audits, including Master-Feeder funds, Quantitative funds, Long-Short funds, International funds, College investment funds, and SAS 70 reports
  • Dealt with various derivative securities including swaps, futures, options, swaptions and forwards
  • Confirmed balances with counterparties, reviewed contracts to extract relevant details for valuation, utilized Bloomberg to price vanilla, and interest rate swaps
  • Busy Season Internship, Hedge Fund/Alternatives Client Winter 2007

Education

Masters of Business Administration: Focus in Accounting & Masters of Science in Accounting -

Northeastern University
Boston, MA
01.2007

Bachelor of Arts - Economics

Tufts University
Medford, MA
01.2006

Skills

  • Equity and Debt
  • Business Controls

Credentialing

Certified Public Accountant - State of MA & NY (inactive), SEC Registrant (CIK# 0001772584), Varsity letter recipient Tufts Men’s Soccer

Timeline

SVP, Deputy Chief Accounting Officer

Veritone, Inc. (NASDAQ:VERI)
07.2021 - Current

VP, Controller

TrueCar, Inc. (NASDAQ:TRUE)
07.2017 - 07.2021

Manager, Banking and Capital Markets Group

PricewaterhouseCoopers
01.2009 - 01.2014

Associate, Investment Management Group

PricewaterhouseCoopers
01.2007 - 01.2008

Masters of Business Administration: Focus in Accounting & Masters of Science in Accounting -

Northeastern University

Bachelor of Arts - Economics

Tufts University

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CHARLES C. THOMAS