Summary
Overview
Work History
Education
Skills
Volunteer Experience
Certification
Timeline
Generic
Jay Whalen

Jay Whalen

Belmar,NJ

Summary

Results-oriented financial executive bringing 20 years of experience. Strong history of leading teams and achieving both financial and non-financial business goals.

Overview

22
22
years of professional experience
1
1
Certification

Work History

Chief Accounting Officer

Shift4
08.2023 - Current
  • Member of C-Suite team
  • Management lead in Audit Committee meetings
  • Areas of responsibility include SEC reporting, revenue recognition, general ledger, accounts payable, commissions, and technical accounting
  • Upgrading and modernizing department using best practices and technologies - reduced monthly close from two weeks to five days
  • Finance lead on $600M acquisition of Finaro, European based eCommerce platform and bank
  • Finance lead on $100M acquisition of Appetize, provider of POS, software, and payment processing services to large stadiums and entertainment venues
  • Successful integration of acquired companies into corporate financial systems
  • Lead purchase accounting and updates to 10-K related to acquisitions, including new accounting policies and disclosures related to full acquiring and banking operations of Finaro
  • Eliminated use of accounting consultants, $1M+ of annual savings
  • Implemented new T&E policy and automation to reduce manual auditing and payment processes
  • Modernized and simplified 10-K/Q filings by eliminating unnecessary and non-strategic disclosures, modernized MD&A disclosure format
  • Made significant enhancements to earnings call prep process
  • Designed and implementing improved paperless procure to pay process leveraging AI and robotics tools; eliminating paper check process
  • Improving culture through monthly all-hands meetings, regular social events, and employee recognition

Chief Accounting Officer

Commvault
05.2013 - 08.2023
  • Management of 100+ global employee finance department
  • Areas of responsibility include SEC reporting, revenue recognition, general ledger, payroll, commissions, employee stock plan administration, purchasing, treasury, income taxes, and technical accounting
  • Consistent progression – served as Assistant Controller (two years) and Controller (three years)
  • CVLT grew from $500M/1,500 employees to $800M/3,000 employees over tenure
  • Accounting support for Metallic SaaS offering that grew to $100M+ ARR
  • Leader of one day financial statement close process
  • Interactions with all levels of management, Board of Directors, analysts, and shareholders
  • Member of team that conducts quarterly earnings release, conference call and call backs
  • Executive Sponsor – Commvault Women in Technology
  • Key projects include – In first year as CAO reduced Finance cost 20%+ and formed center of excellence in India – COE now accounts for 40%+ of Finance headcount (previously 0%)
  • Lead early adoption of ASC 606 – one of only handful of companies that early adopted (personally quoted in Wall Street Journal)
  • Lead financial diligence and purchase accounting on multiple acquisitions
  • $225M acquisition of software defined storage software provider
  • $20M acquisition of Israeli security software startup
  • Lead financial diligence and negotiations related to $5M equity investment in strategic partner
  • Successfully lead negotiations of $350M+ credit facilities
  • NetSuite ERP implementation
  • Managed capital return program – $500M+ share repurchases
  • Employee stock purchase plan implementation
  • Callidus commissions implementation – real time commissions for 1,000+ employees
  • Implementation of JP Morgan banking; including host to host electronic payments
  • Lead projects that resulted in cost savings and increased employee satisfaction (AMEX corporate credit card, Avis car rental, AMEX Travel).

Audit Senior Manager

Deloitte & Touche LLP
01.2002 - 01.2013
  • Managed all aspects of audits of global companies with revenues ranging from $5 million to $14 billion
  • Reviewed client-prepared documents, including SEC Forms 10-K, 10-Q, S-1, and S-4 for compliance with applicable SEC rules
  • Representative clients – Toys R Us, Inc., Liz Claiborne, Inc., Realogy Corporation, iCIMS, The Newark Group, Inc., GenTek, Inc
  • Assigned role performing engagement quality assurance reviews for other engagements
  • Experience facilitating at firm's national training seminars
  • Senior Manager in charge of NJ Mentor Program, office's largest recruiting program and Rutgers campus recruiting

Education

Master of Science - Accounting

Seton Hall University
South Orange, NJ
12.2003

Bachelor of Science - Accounting

Rutgers University (Rutgers College, Rutgers School of Business)
New Brunswick, NJ
05.2002

Skills

  • Revenue recognition expertise
  • ERP system expertise
  • Mergers and acquisitions
  • Tax strategy and compliance
  • Cash flow management
  • Strategic financial planning
  • Performance metrics analysis
  • Investor relations

Volunteer Experience

  • Girl Scouts of the Jersey Shore, Board of Directors (Finance Committee Chair and Audit Committee Member), 2021, Present, 10,000+ member Girl Scout troop serving girls in Monmouth and Ocean Counties
  • Leon Hess Business Council, Monmouth University, 2023, Present, Provide support and advice on matters relating to academic programs, student development, social responsibility, and strategic planning.

Certification

  • CPA - Certified Public Accountant (inactive)

Timeline

Chief Accounting Officer

Shift4
08.2023 - Current

Chief Accounting Officer

Commvault
05.2013 - 08.2023

Audit Senior Manager

Deloitte & Touche LLP
01.2002 - 01.2013

Master of Science - Accounting

Seton Hall University

Bachelor of Science - Accounting

Rutgers University (Rutgers College, Rutgers School of Business)

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Jay Whalen