Christal Hood-McDonald
Austin,TX
Summary
Dedicated, detailed, collaborative team player with a strong work ethic who enjoys the big picture and variety inherent in working for small to medium companies. Clear communicator likes team building and training. CPA with strong experience at the controller level with financial and operational expertise would like to join the team of a growing dynamic technology company and contribute to company's success.
Overview
31
31
years of professional experience
1
1
Certification
Work History
Controller
RF Code, Inc. - RFID Solutions Company (Hardware, Software & Services)
Austin, Texas
04.2007 - Current
- Responsible for all aspects of accounting function including monthly close, consolidation, reconciliation and financial reporting.
- Coordinate external financial audit and federal and state tax return preparation for US parent with Maxwell, Locke & Ritter, LLP. and UK subsidiary with Kirk Rice. Prepare and file property tax other required state filings.
- Set up and supervise UK subsidiary operations.
- Supervise a team of four employees across a variety of functions: accounts receivable, credit, accounts payable, general ledger accounting, inventory accounting, commission calculation, royalty calculation, payroll, benefits administration, office management, sales order processing and sales tax.
- Continuously strive to train and increase skills of team and transition more complex tasks to team members. Work on cross training, process improvement and communication for efficient work flow.
- Perform complex accounting functions, including revenue recognition, deferred revenue, local currency subsidiary translation, stock option valuation accounting, account analysis and balance sheet reconciliations.
- Responsible for finance and sales order process.
- Bank Line of Credit - perform monthly reporting and periodic draw and repayment requests as well as coordinating and preparing for periodic bank audits.
- Designed and implemented weekly cycle count program with high accuracy which eliminated need for time consuming annual physical inventory.
- Serve as system administrator for financial system (Sage 50 formerly known as Peachtree).
- Implemented inventory module of Sage 50.
- Perform basic HR functions, assist with 401K and lead annual benefits renewal process. Coordinate annual worker's compensation audit.
- Assisted with due diligence for contemplated acquisition.
- Reconciled and restructured accounting records when new management team was hired in 2007. Successfully completed the company's first every financial audit of FY 2007 and each successive year through 2015 with clean audit opinions.
- Transferred banking relationship to better suited provider and replaced PEO and brought payroll, benefits, 401K and HR functions in-house both in 2008.
Controller
NetBotz, Inc./APC/Schneider Electric-Environmental & Security Solutions (Hardware & Software)
Austin, Texas
11.2000 - 03.2007
- Responsible for monthly close, consolidation, reconciliation, budget analysis and financial reporting.
- Prepared schedules and main point of contact for external audit and federal and state income tax preparation for US parent with Ernst & Young and for UK subsidiary with Kirk Rice. Prepared and filed property tax, sales tax and other required state filings.
- Supervised a team of four employees who handled monthly close, daily revenue reporting, commission calculation, inventory accounting, accounts receivable, accounts payable, payroll, benefits administration and office management.
- Performed complex general accounting functions, including revenue recognition, deferred revenue, local currency subsidiary translation, account analysis and balance sheet reconciliations.
- Handled basic human resources, 401K and annual benefits renewal process. Prepared and transferred 401K funding each pay period and prepared annual 401K Form 5500 schedules utilizing 401K provider's templates and responsible for annual worker's compensation audit.
- Maintained employee stock option software and utilized to calculation stock compensation expense.
- Created new hire orientation package and conducted on boarding process including benefits enrollment, payroll set up, new hire orientation.
- Prepared semi-monthly, multi-state payroll using third party payroll administrator for over 50 employees.
- Performed monthly bank reporting for line of credit, made periodic draw and repayment requests and prepared schedules and coordinated bank audits.
- Responsible for annual physical inventory count and reconciliation.
- Assisted with ERP implementation of Sage 500/MAS 500 and transitioning company off Sage 50/Peachtree.
- Responsible for financial, human resource and legal due diligence for acquisition by APC (American Power Conversion).
- Successfully integrated NetBotz, Inc. financial and human resource functions into APC including mapping general ledger chart of accounts, uploading monthly general ledger summary into parent's financial systems (Oracle), monthly and quarterly reconciliations and process mapping and controls for Sarbanes Oxley compliance.
Assistant Controller/Office Manager
Baleo, Inc. - Email Communication Management Software
Austin, Texas
06.2000 - 11.2000
- Responsible for financial management/processes and office management including payroll, human resources, procurement and facilities during a period in which total headcount increased 24%.
- Supported the CEO and Controller in formulating and achieving monthly strategic company goals; helped shape and realize weekly operational objectives.
- Compiled, edited and distributed monthly Board of Director's PowerPoint presentation including maintaining salary equity table; helped prepare for Board of Director's meetings and facilitated monthly company meetings (both business and social activities).
- Gathered operational expense data for three year budget and on-going cash forecasts; assisted with there year financial model.
- Responsible for monthly close process: payroll journal entries, miscellaneous journal entries, accounts payable, accounts receivable, employee expense reimbursements and petty cash.
- Completed monthly equipment line of credit draw schedule and supporting documentation; monitored ability to draw for cash forecast and covenants.
- Obtained State of Texas Sales and Use Tax Permit; filed applicable returns.
- Administered all employee benefits including enrollment, payroll deductions, invoice approval, vendor relationships, terminations and COBRA for medical, dental & vision insurance, stock options, 401K, Section 125, relocation and parking allowance
- Prepared semi-monthly payroll utilizing third party administrator for 36 employees; completed two benefit and compensation surveys; calculated monthly commission; helped formulate new commission plan.
- Compiled new hire orientation package and conducted orientation for nine employees covering benefits, guidelines, company culture and security; improved orientation package and revised new hire checklist.
- Managed vendor relationships: selection and ongoing service/pricing; began plans and schedule for build-out of additional office space; build out was halted due to a lack of funding
- Company ceased operations due a lack of funding; helped wind down company by preparing final payroll, last payroll tax filing, year-end W2 process, worked with bank to secure equipment under line of credit; inventoried all computer equipment; researched employee benefit plan terminations and obtained provisions for continued coverage where possible and prepared employee benefit package regarding final pay and benefit termination/options.
Controller
Dazel Corporation, An HP Software Company - Enterprise Software & Services
Austin, Texas
.1 -1 - 06.2000
- Responsible for oversight of all aspects of financial and managerial reporting, budgeting and control; supervised financial staff of five people.
- Participated in monthly financial/operations review meetings with senior management providing financial results and analysis relevant to decision making.
- Problem solved to find innovative ways to integrate into a large company and acheive synergy while at the same time maintaining small company agility.
- Participated in cross-functional task forces to transition from a private company into a business unit of a large, public company.
- Integrated into Hewlett Packard's financial reporting and close process including re-engineering existing process to comply with more rigorous deadlines with minimal impact to infrastructure.
- Transferred payroll processing to Hewlett Packard while maintaining visibility to detailed payroll costs, the largest component of the company's controllable spending
- Facilitated process changes to gain increased budgetary control and promote fiscal responsibility.
- Hired and trained financial analyst and revenue analyst.
- Coordinated internal audit review.
Senior Financial Manager/Senior Financial Analyst/Revenue Analyst
Dazel Corporation, An HP Software Company - Enterprise Software & Services
Austin, Texas
.1 -1 - .1 -1
- Responsible for consolidated general ledger close including coordinating reporting of five international subsidiary local financial records prepared by contract accounting firms in Europe and Asia.
- Prepared reports for monthly financial reviews including budget variance analysis.
- Coordinated annual audit and tax return preparation with PriceWaterhouseCoopers and various international accounting firms, prepared state sales tax returns and other required state filings.
- Assisted in information gathering, schedule creation and due diligence to prepare an S-1 document for an initial public offering which did not occur.
- Prepared financial and other business documents to facilitate acquisition of Dazel by Hewlett Packard and participated in due diligence process for the acquisition.
- Supervised accounts receivable and accounts payable functions; hired and trained general ledger manager.
- Responsible for worldwide software license and service revenue recognition and royalty fee calculation/reporting.
- Calculated and reported commission payments for global sales force of 50 people.
- Promoted to positions with increasing levels of responsibility, first promotion within one year of joining the company.
Senior Auditor/Staff Auditor
PriceWaterhouseCoopers, Technology Industry Group
Austin, Texas
09.1994 - 06.1998
- Staff Auditor and Senior Auditor on the two most prestigious technology clients in the Austin office, Dell Computer Corporation and DuPont Photomask, Inc.
- Coordinated International Audit Plan for publicly held, high technology companies including worldwide fee estimates, statutory audit requirements and scope of audit procedures for consolidated opinion.
- Independently planned and conducted audits, gained specialty area expertise in Foreign Exchange, International Consolidation and Software Revenue Recognition.
- Evaluated the financial reporting process and system interfaces for a public semi-conductor equipment supplier, identified potential weaknesses and made recommendations to strengthen data integrity.
- Conducted three year carve-out audit of Fortune 500 company subsidiary for initial public offering and subsequently worked on secondary offering (S-3 filing).
- Analyzed, reviewed and prepared financial statements and disclosures for SEC filings.
Education
Masters in Professional Accounting/Bachelor in Business Administration, Accounting -
University of Texas
Skills
- Team Builder
- Financial & Operational Expertise
- Audit & Tax
- Accounting
- Revenue Recognition
- System Implementation
- Sage 50/Peachtree & Sage 500/MAS 500
- Acquisition & Integration
- Inventory
- Multi-state Operations
- Property Tax & Sales Tax
- Human Resources
- Payroll & Benefits
- Advanced Excel User
Certification
- CPA
Timeline
Controller
RF Code, Inc. - RFID Solutions Company (Hardware, Software & Services)
04.2007 - Current
Controller
NetBotz, Inc./APC/Schneider Electric-Environmental & Security Solutions (Hardware & Software)
11.2000 - 03.2007
Assistant Controller/Office Manager
Baleo, Inc. - Email Communication Management Software
06.2000 - 11.2000
Senior Auditor/Staff Auditor
PriceWaterhouseCoopers, Technology Industry Group
09.1994 - 06.1998
Controller
Dazel Corporation, An HP Software Company - Enterprise Software & Services
.1 -1 - 06.2000
Senior Financial Manager/Senior Financial Analyst/Revenue Analyst
Dazel Corporation, An HP Software Company - Enterprise Software & Services
.1 -1 - .1 -1
Masters in Professional Accounting/Bachelor in Business Administration, Accounting -
University of Texas
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