Lis Grandinetti Da Silveira

Diversified portfolio of market-leading, iconic regional brands.

• Develop and implement standardized financial reporting for Board of Directors, Ownership and brand leadership teams.
• Conduct weekly leadership meetings with the brands' finance teams to discuss the execution of initiatives and promote sharing of best practices.
• Implement new ERP system (Net Suite) for financial statement consolidation and FP&A capabilities at the parent entity level.
• Conduct formal RFP process for Audit and Tax work at all portfolio brands.
• Participate in the evaluation and due diligence of potential new acquisitions.

A portfolio company of Authentic Restaurant Brands, PJW Restaurant Group is a multi-concept, iconic, sports-focused casual dining restaurant group with 29 locations in New Jersey and Pennsylvania.

• Led all strategic and tactical matters in finance, tax/accounting, risk management, compliance, and Human Resources (team of 7).
• Developed and implemented financial models and internal processes to reduce month-end close from 3 weeks to 7 days.
• Negotiated a sub-limit under the existing line of credit (previously blocked due to defaulted covenants resulting from the impact of Covid on operations).
• Secured a total of $12 million is Paycheck Protection program ("PPP"), $8 million in the first round and $4 million in the second round. Both rounds successfully forgiven.
• Secured $8 million in payroll tax credits through the Employee Retention Credit ("ERC") program.
• Successfully led the sale of the company to a NY-based Private equity firm. Led all due diligence workstreams including finance, tax, HR, and Insurance.
• Implemented a 13-week rolling cash flow forecast to analyze company's financial strengths and weaknesses and propose strategic directions.
• Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.

One of the concepts of SPC Group, a Korean owned conglomerate with over 3,500 locations (corporate and franchise) around the world.

• Oversaw all aspects of Finance and Accounting (team of 12).
• Partnered with Operations in providing KPI reports and supporting Franchisee relations.
• Partnered with in-house Legal counsel on reviewing and renewing the FDD to reflected updated requirements and proper follow through.
• Partnered with the IT team to evaluate current processes and identify opportunities to improve cross-departmental workflows.
• Partnered with the Supply Chain team to regularly update the pricing model of specific SKUs imported from Korea and sold to Franchisees.
• Successfully transitioned the audit and tax preparation work from local "mom and pop" to Cohn Reznick.
• Successfully upgraded banking relationship to JPMorgan Chase and implemented scalable treasury management practices.

High growth fast casual brand with 35 units across 5 states and 4 international franchises

• Led all strategic and tactical matters in finance, tax/accounting, risk management, compliance, and IT.
• Reported directly to CEO/Founder and worked on raising capital, engaging with external investors, investment banks, and evaluating options.
• Worked with outside legal counsel to extend the maturity date of existing debt facility.
• Main point of contact for all due diligence matters during potential M&A transaction.
• Directly managed a team of 8 including Finance/Accounting, and IT departments.
• Modernized the entire Accounting/Finance function by upgrading the ERP system from Quickbooks to Restaurant365 and reduced month-end closing from 18 to 9 days.
• Assumed banking relationship with JPMorgan Chase and re-negotiated favorable rates for additional features and services including a new corporate card program with a sizable rebate.
• Negotiated favorable contract with ADP for additional features including a full Learning Management System ("LMS") module to improve operational consistency and training at the units. Executed a EIN consolidation (from 35 to 1) to improve HR workflows with one master payroll being submitted per week (vs. 35 individual payroll files previously).
• Led the year-end financial audit and tax return preparation with Cohn Reznick.
• Assisted in the renewal of the Franchise Disclosure Document ("FDD") and ensured compliant Accounting practices given recently updated GAAP franchise revenue recognition rules.
• Prepared materials to support discussions at Board of Director meetings and meetings with lenders in addition to leading the annual budget process.
• Developed and Implemented various dashboards with key operational metrics to empower operations to make decisions.
• Kept up with industry trends and ensured the company was innovating and well positioned in the market.

• Oversaw all aspects of finance and accounting for the Holdings entity and all 13 Taquerias generating over $30M in annual sales.
• Modernized the entire Accounting/Finance function of the company by upgrading the ERP system from Quickbooks to Restaurant365, outsourcing payroll processing from in-house to Paycom, implementing paperless A/P and efficient treasury management (from 22 bank accounts to 3; 80% of vendor conversion from paper checks to ACH).
• Executed a $10M debt raise transaction. Created investor decks, led due diligence process and assisted in reviewing credit agreement with outside councel.
• Drove financial results by implementing disciplined and regular KPI reporting.
• Developed financial models to aid in the analysis and support of strategic initiatives.
• Overhauled chart of accounts and migrated from mixed cash to accrual basis of accounting in compliance with GAAP standards.
• Hired and developed 2 Finance Coordinators.
• Led the annual financial audit process in addition to overseeing the filing of various taxes (Sales, Use, UBT, and Commercial Rent)
• Liaised with outside counsel on various matters such as licensing and lease terms.

Total of 5.5 years

• Led restaurant finance and administration for 12 multi-concept restaurants collectively generating over $60M in annual revenue.
• Liaised regularly with General Managers, Head Chefs, and other key operators to reinforce follow-through of finance processes and KPI targets.
• Developed and implemented various KPI reports to drive improved operating performance.
• Assisted CFO in implementing a new ERP System (Restaurant365) to improve overall workflow and reduce month-end close time.
• Hired and developed team of 3 Business Finance Associates.
• Supervised accurate, efficient, and compliant completion of reporting packages including development plans and covenant calculation.

• Managed general ledger and made month-end close journal entries.
• Provided support in data collection during several NYS sales tax audits.
• Managed vendor relationships to obtain credit extensions on large capital expenditures when needed.
• Executed vendor setup and payment, administration of bank accounts and account reconciliations.

• Processed invoices and contacted appropriate parties for timely payment receipt.
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Managed payroll processing for 150 employees in compliance with predetermined company guidelines.
• Filed paperwork, sorted, and delivered mail and maintained office organization.