Patrick Porter
San Diego ,California
Summary
Accomplished financial professional with over 10 years of leadership experience. Demonstrated ability leading accounting and finance teams in a variety of industries with experience managing business units that range from 10 to 300 million in revenue. Demonstrated success influencing senior level stakeholders on strategic direction based on recommendations backed by in-depth analysis. Proficient in directing end-to-end accounting cycles, financial reporting, and policy and procedure development.
Overview
12
12
years of professional experience
Work History
Director of Financial Planning and Analaysis
Southern Minnesota Beet Sugar Cooperative
San Diego, CA
03.2024 - Current
- Manage all capital investments, including an anticipated $500M dollar growth strategy for the cooperative.
- Led in securing $32M New Market Tax Credit allocations, which will return approximately $5M to the cooperative.
- Developed a financial model that was the basis for the divestiture of a subsidiary to mitigate anticipated future market risk
- Lead the decommissioning process for the divestiture, ensuring the cooperative is managing risk appropriately.
- Manage all aspects of the cooperative's credit facility, including the monthly borrowing base, and quarterly reports.
- Lead all budgeting, forecasting, and financial reporting for the cooperative.
Financial Controller
Plantible Foods Inc.
San Diego, CA
06.2023 - 03.2024
- Renegotiated a $5M dollar venture debt facility which minimized short term cash burn and extended runway
- Led in the restructure of $11M of debt leveraging USDA based B&I loans which included a 2- year interest only period and 17 year loan term
- Assisted in development of the multi-statement financial model that was the basis for the Series B capital raise
- Led the non-diluted capital strategy which led to a successful term sheet for $10M in additional USDA based collateralize loans scheduled for 2025
- Manage all venture related financial due diligence
Vice President of Finance
Mission Brewing
San Diego, CA
09.2021 - 06.2023
- Collaborated with department heads to develop a comprehensive business plan
- Monitored, analyzed and presented financial updates to board of directors at quarterly and annual meetings.
- Supported senior leadership by delivering annual budget and monthly variance reports for corrective action planning.
- Implemented a new sourcing approach which mitigated inventory holding costs and improved operating cashflows.
- Improved working capital by consolidating vendors with a focus on in increased terms
- Developed a more detailed standard costing approach which was the basis for a SKU optimization.
- Oversee the HR department and led in the successful implementation of a 401K (Enhanced Safe Harbor) plan as part of an improved company culture initiative
Financial Controller
Spreckels Sugar
04.2019 - 09.2021
- Successfully applied an ARO calculation (under ASC410-20) on an Environmental Remediation Liability which was the basis to discount $1.7M in post closure maintenance costs associated with retiring an asset obligation.
- Led in the development of companywide Internal Control Frameworks which mitigated risk and led to cost reductions through the consolidation of the payroll department with our parent company.
- Lead the forecasting and budgeting process of a $200M business segment. This includes managing and directing the annual budget/ forecast and the monthly/ quarterly/ annual presentation of financials to the executive team and board of directors.
- Manage the capital budgeting process for the business unit. This includes: ROI development, capital committee presentation, and the managing of the CIP account.
- Led in the development of updated bridge analysis for the board of directors’ packet which allowed for a more in-depth flux analysis of year over year financials, actual vs budget, and forecast adjustments.
Senior Financial Analyst
Keithly Williams Seeds
09.2018 - 04.2019
- Proactively identify areas where advanced analytical efforts can produce a strong value and incorporate them into the roadmap.
- Partner with business managers to drive financial performance improvements.
- Guide and provide feedback on the development of reports by the MIS team as a trusted source of data and business insights.
- Managed all aspects of the ERP including implementation of upgrades and the maintenance of backend tables.
Controller
Imperial Ag, LLC
03.2018 - 09.2018
- Developed a data warehouse of all the company’s historical data for the analysis of key performance indicators.
- Lead in the creation and the development of a financial scorecard with the management team to better aid managers in strategic thinking.
- Managed and oversaw all staff operations which included: payment to vendors, collection of accounts receivable, invoicing, inventory, and all payroll activities.
Senior Financial Analyst
MOR Furniture
04.2015 - 03.2018
- Managed and mentored junior analysts; ensuring the team was being challenged, exposed to new opportunities, while still being able to deliver on ambitious goals.
- Prepared ad hoc financial reports as requested by the executive team, and presented analyses to provide recommendations.
- Acted as a financial leader with various departments, managers, and staff to improve processes and efficiencies regarding financial metrics.
- Maintained all aspects of the Financial database using queries to extract relevant data to support all financial analysis requirements.
- Developed a sales and operations reporting scorecard for the weekly review of metrics with the management team.
Staff Auditor
Weworski & Associates
04.2014 - 04.2015
- Conducted audits for clients ensuring that they abided by both GAAP and federal regulations.
- Specialized in compliance audits for both for profit and nonprofit businesses that received a substantial portion of their revenue from the federal government.
- Assisted in the preparation of both corporate and individual tax returns.
Accounting Supervisor
Reese Law Group
01.2013 - 04.2014
- Directed and led a three-person accounting team in a dynamic business setting.
- Managed all accounting operations including Billing, A/R, A/P and Payroll.
- Directed the month end close and preparation of financial statements.
Education
MBA - Finance
Arizona State University
2021
BS - Economics
San Diego State University
2012
Skills
- Accounts receivable
- A/P
- Billing
- Budgeting
- Database management
- ERP Management
- Financial statements analysis
- Forecasting
- Inventory Management
- Payroll
- Reporting
- Month-end and year-end closings
- US GAAP proficiency
- Financial strategy management
- Executive leadership advisement
- Internal controls development
- Balance sheet management
- Project management
- Financial forecasting
- Commission calculation
- General ledger accounting
- Auditing
Timeline
Director of Financial Planning and Analaysis
Southern Minnesota Beet Sugar Cooperative
03.2024 - Current
Financial Controller
Plantible Foods Inc.
06.2023 - 03.2024
Vice President of Finance
Mission Brewing
09.2021 - 06.2023
Financial Controller
Spreckels Sugar
04.2019 - 09.2021
Senior Financial Analyst
Keithly Williams Seeds
09.2018 - 04.2019
Controller
Imperial Ag, LLC
03.2018 - 09.2018
Senior Financial Analyst
MOR Furniture
04.2015 - 03.2018
Staff Auditor
Weworski & Associates
04.2014 - 04.2015
Accounting Supervisor
Reese Law Group
01.2013 - 04.2014
MBA - Finance
Arizona State University
BS - Economics
San Diego State University
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