Chris Livesay, CPA MBA
Saratoga Springs,Utah
Summary
Big4 Alum with experience in both public and private sectors of finance and accounting. Internally driven to find and implement strategic opportunities to bring real value and change. Expert in financial modeling/budgeting, reporting, and GAAP regulations. Experienced in an array of sectors but an emphasis on technology and SaaS companies. Dedicated Finance Executive with 14 years of experience in all areas of finance and investment management. Hands-on leader with strong business acumen and analytical mindset to identify and correct underachieving trends.
Overview
14
14
years of professional experience
1
1
Certification
Work History
VP of Finance
Pura Scents, Inc
01.2021 - Current
- Created accounting and finance team and implemented internal control processes and financial reporting procedures
- Led company through first successful external audit with implementation of new accounting standards to bring company in compliance
- Spearheaded multiple software implementations for accounting, payroll, and billing systems
- Worked closely with CFO in creating pro forma financials to achieve funding rounds.
- Controlled accounting operations and oversaw transactions related to payroll, financial reporting, payables and receivables.
- Utilized NetSuite, Planful, and Domo to create sophisticated spreadsheet models to analyze operating metrics across 12 departments.
- Developed financial analysis and business plans for proposed acquisitions, partnerships and investments.
- Spearheaded expansion strategies to increase business market share, drive growth and bring in more than 5X increase of ARR customers in 2 years.
- Maintained agile, responsive organization with sustained revenue growth by monitoring industry forecasts, honing budgets and adjusting marketing strategies.
Chief Financial Officer
Alpine Testing Solutions
04.2018 - 01.2021
- Designed and implemented all accounting, HR, and finance procedures and wrote narratives to document them
- Implemented
- ASC 606/340 procedures
- Vetted and spearheaded the implementation of the NetSuite ERP
- Helped the company through an incredible growth phase in which it increased revenues by nearly 30% in two consecutive years
- Created a monthly, quarterly, and annual budget with dynamic components and designed an accompanying cash forecast that made it possible to pay off all debt related to the company
- Headed all accounting/finance and HR functions
- Led the company in transitions of three software implementations
- Performed annual budgets along with all regulatory filings.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
- Set and monitored effective financial policies.
- Improved cash flow, retired debt ahead of schedule and built cash reserves into a running runway of nearly 3 years+ while controlling costs and improving employee benefits.
- Spearheaded contract negotiation and financing for diverse business projects.
- Completed in-depth analyses of risks to control company profile, enhance systems and track legal concerns.
Financial Controller
Solutionreach
03.2015 - 04.2018
- Led and implemented the ASC 606/340 accounting change for contract revenue
- Led team to select and implement both HRIS and accounting software systems
- Managed and reported all budgetary and financial statement matters for entire company
- Ran month-end along with year-end close
- Created, implemented, and managed reconciling measures for the department to run smoothly on a consistent basis while also expediting the month-end process
- Created new analytical reports to bring to light KPIs for the company to make critical decisions.
- Prepared accurate financial reports and monthly statements for accounts receivable.
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
- Led organizational cash flow and cash flow forecasting initiatives.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Prepared corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
Corporate Controller
Xango, LLC
01.2013 - 03.2015
- Worked closely with the Asian-centered offices and coordinated all of the month-end processed for those offices
- Part of team to implement new ERP system
- Regularly managed teams both within my physical office and that of the foreign offices in order to complete the company- wide financial reporting in ten days
- Oversaw all the foreign revenue and expense recognition to be in compliance both state-side and in each foreign entity’s respective country.
- Managed budgets, assets, portfolios, accounts payable and receivable and general financial reporting procedures.
- Completed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
- Supervised accurate, efficient and compliant completion of monthly financial reporting packages.
- Prepared balance sheets, cash flow reports and income statements.
- Completed year-end close processes with Controllers in other foreign subsidiaries through effective supervision financial functions and regular treasury transactions.
- Worked with 15 executives to create annual budget and track actual expenses against projected expenses.
- Introduced internal controls to monitor critical areas of financial control and devised 14 corrective actions to address risks or deficiencies.
Senior Auditor
Ernst and Young, LLC
06.2009 - 01.2013
- Conducted and managed audits for both private and public companies ranging from software and technology to casinos
- Tested for internal controls, regulatory compliance, and any misstatements in reporting
- Tested equity transactions for validity and compliance with standards in codification
- Issued findings and worked closely with heads of companies to ascertain compliance measures that could be implemented.
- Prepared working papers, reports and supporting documentation for audit findings.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Completed audit papers by thoroughly documenting audit tests and findings.
- Interviewed business owners, explained audit scope and conducted exit interviews of audit findings.
- Participated in interviews, performed observations and evaluated pertinent information to supplement audit findings.
Education
MBA - Business Administration
University of Nevada, Las Vegas (UNLV)
Las Vegas, NV06.2009
Bachelor of Science - Accounting
University of Nevada, Las Vegas (UNLV)
Las Vegas, NV01.2009
Skills
- Financial Forecasting
- ASC 606/340 Implementation
- GAAP/FASB
- Valuation Analysis
- ERP Implementation
- Public and Private Filings
- Regulatory Filings
- Analytical Reasoning
- Financial Modeling
- Strategic Planning
- Tax Provisions
- Capital Raising
- Equity Transactions
- Cash Run Forecast
- Audits/Internal Controls
- SaaS KPIs and Metrics
- Financial Statement Analysis
- Cash Management
- Tax Preparation
- Equity and Debt
- Raising Capital
- Acquisition Integration
- Capital Expenditure Planning
- Data Integrity
- Venture Capital Fund Management
- Leadership and People Development
- Budgeting and Variance Analysis
- Operational Management
- Asset Allocation
Certification
- Licensed CPA - Nevada
License # CORP-0913
Languages
Chinese (Cantonese)
Professional Working
Timeline
VP of Finance
Pura Scents, Inc
01.2021 - Current
Chief Financial Officer
Alpine Testing Solutions
04.2018 - 01.2021
Financial Controller
Solutionreach
03.2015 - 04.2018
Corporate Controller
Xango, LLC
01.2013 - 03.2015
Senior Auditor
Ernst and Young, LLC
06.2009 - 01.2013
MBA - Business Administration
University of Nevada, Las Vegas (UNLV)
Bachelor of Science - Accounting
University of Nevada, Las Vegas (UNLV)
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